Semi-weekly herald., 1908-11-12
JUDGE HOLBROOK
MAN OF THE HOUR
Accepts Bid for Colorado State Bank Assets
and DepOsitorS to Have Their Money
Inside Of Thirty Days

the indominitable will and determine,
tion OF B. N. Freeman to secure for
depositors every dollar coming to
them. He Insisted from the first that
the bank would pay out and that suf
ficient securities would be put up to
guarantee such result and the deposi
tors committee. composed OF Duran.
go's leading business men. after In
vestigntion. was perfectly satisfied
and went ahead to secure the settle
ment. To this committee the deposit
tors owe a debt of gratitude. For
the interest taken In behalf OF the
creditors OF the bank they became the
butt OF ridicule by the receivers or
gan. The Democrat insisted deposi.
tors would not receive over rs cents
on the dollar and many were inclined
to sell for 30 to SO cents. A great
many called at The Herald office and
We urged them not to settle and soon
convinced all that If given show Mr..
Freeman would get the money for
them and as result we do not know
OF any who were led into the Democrat
trap to sell and thus permit money
shylocks to clean up big wad Of
money. Few men would have perse-
vered like Mr.. Freeman with obstsr
cles he has had to contend with and
the result plainly shows that he has
loyal friends and Is trusted by them.
From the time The Herald FIRST inves
tigated the matter we knew that It was
the sole ambition and desire of the
bank officials to secure dollar for
dollar settlement, but the Democrats
following insisted It was a bluff and
thus settlement was delayed.
The efforts OF the aforesaid paper
to close the bank and then to get
creditors to close out at 25 cents on
the dollar SO the shylocks could clean
up wad has failed. and at last the
creditors are to have an inning.
Another fact 1t might be we'll for
the public to know. and depositors
especially. and that Is that 1t was the
bank officials who asked that the a.
sets OF the institution be advertised
in order that another plan would be
opened for settlement, and to secure
this Mr.. Freeman turned over $500 to
pay the expenses of advertising In
case the proposition failed. This again
shows who is responsible for the good
accomplished. The receiver was not
the one. While the organs of the re-
ceiver were acclaiming the good work
In this direction. 1t was Mr.. Freeman
and associates who paid for the ID
vertising.
And to conclude with. The Herald II
highly gratifled with the position It
assumed. By taking the position We
lost the opportunity Of securing much
valuable printing and advertising from
the receiver because the minute The
Herald attempted to secure q settle
ment all printing was taken away from
this paper. But this made no differ
ence. Our sole interest was to So
cure the deposltors their money. And
we have worked in and out OF season
without receiving one dollar. The DO
sition taken. therefore. has been f.
nancial loss. but we would rather be
just and loyal to the people than to
have every dollar In the town. This
10 The Herald's policy. We believe It
is largely due to The Herald that de-
positors have won.
Now to business. Let all join hands
In closing up the affairs OF the bank
and pushing ahead for a greater Du-
range. with honesty Of purpose and
the greatest benefit to the greatest
number OF people without looking en-.
tirely 10 the almighty dollar.