The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-10-11

been profitable Is extremely doubtful ana
the following paragraph. wnscn take
from the report Of the Denver chamber
Of commerce, points 20 the opposite con-
ehsssoa;
The year 1895 witnessed revival In
railway business that Is highly eaco1raS-
ing. TIE announcement % the Denver .
Rio tsvande that IL will meet payment o.
per cent on So 90 preferred stock -
ar anspscioas eyi3eaee of returning pros
perlty which has attracted the attention
OF the financial world
That a I per cent dividend should have
created such a ccnmoston IS only eS-
psainsd by the fact that the capital walch
mas flowed IN 70 develop this state IN lar
TOO many cases has earned no dividend
whatever. IL this be true. IS not the crime
Of reputation. or proposed repayment in
q dollar OF half the value Of the Dollar
originally invested. aggravatcds Is there.
in fact, any excuse for thus treating the
enterprise which has. at considerable
financial risk. converted mining camps
into prosperous communities. that mas
shown 50 much faith in the future OF
the state and in the honesty OF lis peopses
The lesson. however. does not end with
the railways OF the state
Study. for moment the irrigation sys-
tenn of Colorado. Here. perhaps. more
than IN any other Western state. the
wedding OF the sunshine and the rain, as
irrigation has POLITICALLY been called. has
come 10 its fullest achievement. The on
cla. reports tell Us that IL has cost sloe.-
0sae. 900 to create the immense system Of ir-
rigation works. Surely an Investment OF
this magnitude required courage on the
part of those who furnished the money
Grant IL may have been profitable and
that the output OF irrigated farms and
orchards mounts up annually 10 Sstess.-
coo. Grant. likewise. that there has been
no failure Of crops. This enormous sum
OF money. largely invested during The last
decade. In a state like Colorado, in one
class OF permanent Improvement. Is an
unansNerabie argument against the fool
Ssh statement that Eastern capital is try
ing 10 destroy the productive forces Of the
Western states. The falsehoods which
seem 10 be the principal stock In trade Of
the free-s.lver fanatics out here. bearing
upon this phase OF the question, come
with peculiarly bad grace from people
who have protited thus by the good faith
and enterprise of foreign capital To re-
turn this confidence BY an act of treach-
cry and robbery. such as that advocated
in Denver, viii give all Industrial progress
in this state a blow which the imaginary
benefits OF free silver viii not cure There
is good reason for this. Roundly speak
ing. Colorado produces in value nearly
one-tenth OF the mineral products of the
United States. Thus she stands in minera,
production relatively where New York
stands in population. Last year the value
of these minerals and precious metals was
$50 s0s, 30. To this We must add so. CO. go
for the industries OF Denver alone. ex-
elusive of smelling industries. The large
steel and iron and other industries ~
Pueblo. and the numerous Touring mills.
brewerles and industries scattered over
= -. -.
manufacturing industries or Colorado for
1895 from $1,000. 90 20 $40 on.aoe. Here.
then. we have manufacturing following
closely at the heels of mining. Manufac-
turing. that would be stricken down by
Bryan's free-trade theories. ard which has
today been seriously injured by the Will
son-Gormau tariff law. and three years OF
Democratic rIle.
Great as are Colorado's mining inter-
ests. important as are her diversified man.
ufacturss. she can look with still more
satisfaction upon agriculture. 1t cannot
be said Of this state. You may tickle the
soil with hoe and ii brings forth a boun-
teeus harvest. As have shown. Colo
radios agriculture had 10 be built up not
only by the toll and sweat Of the man who
titled the earth. but by the aid of over enc
hundred millions OF capital. which has
gene into her irrigation system The peo-
pie or Colorado are seeking additional In
yeStors fer it's land. and some are hopefu,
that the irrigated acreage can be doubled.
and the Yield PER acre brought UP to SIS.
or an aggregate Of ST.. 80. On per annum.
This IL good round sum, but with the
prospect ahead % a policy that will re-
duce the value OF the present Investment
half. another hundred million is not likely
10 be forthcoming. unless the financial
policy which many hereaboats advocate Is
buried by an overwhelming vote, Capital
VIII fight shy OF states where the people
propose to put up common honesty TO
popular vote every four years.
The agricultural interests OF Colorado
are quite as important as her mineral IN
tefssts. and. as l have shown. bid fair to
be even more important. In 1872 the BAN
nef year, the agricultural products OF the
state amounted TO $50 0pa ea. and the value
OF the 1--we stock 20 $50 oOageo Cattle and
sheep do we'll There is no better center
for winter feeding than Colorado There
are s.tasa 600 head OF sheep. In addition to
this rs .31s head OF sheep were brought
TO Colorado during the year for feeding
purposes. They came from New Mexico.
Texas. Wyoming. Usass and Oklahoma
The high altitude and healthy atmosphere
make this state enc OF the safest locations
IN the world for the rearing Of all sorts OF
live stock.
IN many ways the tariff Ia far more i'm
portant TO Colorado than free silver. Yet,
in their foolish craze TO add 4 little 70 The
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