Gilpin observer., 1909-08-19
MONEY CONDITIONS.

ny luOSe WHO are lulSi III ILLS
section of Colorado as to whether or
not money conditions are going to
ease up and thus give the basis for
an opening up of the mining indus
tries of Central City and vicinity.
1t is said, and is fact, that Den
yer has never seen such hard times
as she is undergoing at the present
time, and although this is true yet
the powers that be, and the most
sagacious and far-seeing financiers
of this port of the United States pre-
dict that Denver and the whole state
of Colorado, in fact, will open up
within the next twelve months.
| AT the present time there are full
ly 5000 people out of work in and
around Denver and Central City,
Black Hawk and other mining camps
in this vicinity may congratulate
themselves that things have held up
as well as they have. :.
Naturally, of course, conditions in
Denver have a greater or less effect
upon industries in and around this
locality, due to the fact that so much
Denver money and so many Denver
men are interested in the industries
which make for the prosperity of the
Central City section.
While of course as is true with
every mining camp, there is always
| nd TO-
or less amount of work which can
be gotten, yet this town is being
held back merely by outside condi-
| tions. When Denver opens up and
other portions Of the state see an
easing of money, Central City and
surrounding camps will witness an
awakening which has not been seen
here for years.
1t is remarked by strangers CON-
ing within our gates that this local
ity, old as it is, and fully developed
as it is, still has every foundation
for prosperity which it has not yet
had.
New people and new capital are
constantly being attracted to the prop
ositions which exhist here and it will
take only a betterment and an i'm
provement of other than local condi-
tions to make this one of the busiest
and most prosperous points in the
whole state of Colorado.
1t naturally follows that, since so
many Denver people are interested
financially in the development of this
region, a tightness Of money which
would affect them must necessarily
effect this locality.
| AS to when this awakening, this
improvement in conditions and this
easing of the money market will
come about is as yet problematical.
While, as has been said, many o.
those who are considered the shrewd.
est financfers Of the state predict an
opening up within the next twelve
months, there still remain those who
claim that Denver and the state OF
Colorado will see the hardest winter
1t has seen in years, financially
speaking, and that it will take two or
three years for the state to reach
the high pinnacle of prosperity which
1t occupied some two years ago.
There is no denying the fact that
the state is in a hard way, and there
are definate reasons for this condi.
tion Of affairs.
10 the observer, unacquainted with
conditions, it would seem that the
state had been over-advertised. over.
populated and that it is at the mercy
Of the railroads, this impression be.
Ing due largely to the calamity howl.
ing of the yellow journals which, ap.
parently find a danger lurking in
every corner. Notwithstanding which
they continue preparations to remain
indefinitely in business.
The real reasons for the conditions
that exist today are these: First of
all Denver and this particular section
OF Colorado depend largely upon
tourist trade for ready money and a
great percentage of the entire rev.
enue
This year the tourist trade. or the
greater part of 1t at least, was at.
tracted to the great northwest by the
Yukon-Pacific exposition, hence that
revenue was lost.
The frost, hail and other climatic
misfortunes caused the farmers keen
apprehension and consequent tight.
ening Of the money which the tiller
of the soil usually spends at this
time of the year.
The untoward weather has done