Cañon City record., 1911-02-23
4 STATEMENT

About four years ago, A. H. Seely.
DR.. 7. B. Moore, Rev. A. w. Hender-
son and myself purchased the Times
and agreed to pay $1,000 for it, L
went into the deal with the under
standing that Rev. Henderson was to
be the editor and manager 1t was
only a short time after we made the
purchase and had taken over the
property until Mr.. Henderson decided
TO leave the state, and that left us
without an editor or manager. From
that time on for about year the pa
per practically run itself. Then came
the misfortune to Mr.. Seely and he
left the city and DR.. Moore was elect
ed county treasurer. My health in
the meantime had failed me to such
an extent that l was compelled to
give up, temporarily, the practice of
law. and it seemed that the only thing
left for me to do was to take over
The Times and try to run it until l
could make a sale and thereby save
what we had in it.
At that time the company had been
incorporated under the name of the
Gate City Printing company and owed
a mortgage indebtedness of about $4,-
500 and floating Indebtedness of, as
understood, about $3.50. but after
ward found to be about $1,000. paid
this all off and about $3.50 on the
mortgage Indebtedness, which includ-
ed $500 note to the Fremont Nation
al bank. Sickness came upon me and
my family and general depression has
prevailed all over the country. To
make the bank secure, for the bal
ance due it, we gave them a mort
gage on the printing office and con-
siderable other property. All told.
under favorable business conditions,
the property included in the mort
gage would be worth $4,000. have
tried hard to sell something to meet
this Indebtedness; have offered to
sacrifice all OF our property, but busi-
ness conditions are such over the
country that there is no sale for any
thing.
| have tried to collect up the thous-
and or more dollars due on subscrip-
tion. but only a few have paid. Had
been able to collect a good portion
OF this money. we would have tided
our company over these depressing
times and saved the day and sold the
Office and saved my other property;
but It did not come in and we could
not sell anything and so had TO turn
the Office over to the bank.
Under these circumstances. every
one that owed the paper anything. un-
consciously contributed to its failure
in not paying. You can now help out
by paying up promptly the amount
due up to February 10th. the date Of
turning the Office over to the bank.
as this part OF the outstanding ac-
counts are payable TO the old man
agement All accounts made after
that time are payable to the bank.
Most everyone owing anything to the
office has received a statement of
their account made out TO July LIST.
1911. and those who have not paid
can deduct so cents from these bills
for the four remaining months up to
July and remit the balance TO me and
/ will receipt for same.
Those who have paid up. as well as
all. will receive the Times right along
and l hope that you will continue to
take the paper. for everyone who
stops IT helps to depreciate the value
OF the property to some extent and
thereby loses me money.
II 1 can collect up promptly and
sell some property. ] can take over
the paper again, and | hope that you
win help me do this by paying up.
II you owe anything IT must be paid
by the first OF the month. II you do
not owe anything. then this letter on
ly advise you Of the condition of the
Times. Respectfully yours,
A. l.. TAYLOR.
Canon City, Colo, Feb. 16, 1911.
(dv.)