The Montgomery advertiser., 1905-07-30
speculations, in fruit, sugar-beet cul-

speculations, in fruit, sugar beet cul- ture, potato farming and in manufac- turing and mercantile pursuits.
 First of all, many people of wealth have moved into the State in tine past few years and invested large sums in mining corporations, the stocks of banks and other enterprises and are not individually known in the mercan- tile reports. Still another class rep resent the retired country capitalists who have moved from the sections in which their wealth was acquired to Denver or Colorado Springs. Their individual holdings. unless they are In realty, are necessarily hidden from the regular information sources.
 The list contains the names of four gentlemen who are credited with ten million and upward each-David H. Moffatt. F. T. F. Lovejoy. Simon Gug- genheim and Thomas F. Walsh. There are eleven men credited with between two and five millions and seventeen between one and two millions. The name of the late Senator Edward O. Wolcott appears among those who are credited with one million. His estate was appraised at $1.100.0o0. and was inherited by his brother, Henry Vol colt, his law partner and his sister, Miss Wolcott. Senator Wolcott left nothing to charity or any of his friends Neither his sister nor brother is mar rted. Ills mousse, WOOuhuIsts apoHt fifteen miles from Denver, which cost upward of $500.000 is the principal item of the estas. It Is now offered for sale and will probably be purchased by a country club or for home by some of the other millionaires in the list Henry Wolcottls also down for q mil lion, although 1t is generally ehieved that he was twice as rich as Ed.
 Career of David II. MOfTatt.
 David II. Moffatt stands at the head of the list credited with $25,000.000. and is declared to be not only the richest
 but the most enterprising and public spirited man in Colorado He has done a great deal toward the development or the State. and is one of the few bonan- za kings who has been wise and pru- dent enough to hang on to his money He built the first railroad to Cripple Creek, and the first to Creed. the other sensational mining camp, and IS now building a line from Denver to Salt Lake, which IS intended to cut OH about 200 miles of distance. He has already extended it more than half way with his own money. paying cash for everything. and is said to have in- vested more than seven millions Of dol lars. This is not the end of his own resources, but he does not think that it would be wise to place all or his eggs in one basket, and therefore. dur
 
 bonds enough to pay for the completion of the line.
 Moffatt has a remarkable history. He was born on the Hudson River, near Newburg, and must have been pre- cocious child. for when he was only ] 9 years old he ran away from home to New York City, with the intention or l becoming a banker. His father fol- lowed him up and, being unable to per suade him to come back to his home and school secured a place for him in the Exchange Bank as a messenger, on a salary of $5 per week. He remained with the institution until he became assistant teller, when he resigned and came West to take a position as teller in the bank of E. F. Allen at Des Moines Allen was & financial power in those days, and was interested Tn banking institutions all over the West
 He sent young Mofratt to Omaha ar | made him cashier of bank in that city before he was of age. In lSSV Moffatt decided to go West on his own hook, and entered into an agreement
 with a man named Woolworth. who had a book and stationery store at St
 Joe, to open a place in Denver, which | was then the end of the stage line
 Mofratt loaded a wagon with books ano
 stationery supplies. and drove his owr team across the plains to the young city, where he built a shack-half ten
 and half shanty-and offered his stocl for sale He was a great hustler; h. got the postoffice located in the stor and secured an appointment as assist