Gunnison news-champion., 1917-05-25
m. CRUnP G|VEI
some Information
Special Plesder for Marble Con
pany Leaves Out Vital
Facts.

Due to the fact that the membcrs
,ef the Board Of County Commission
ers Of Gunnison county recently have
denied m, application Of the Colorado
Yule Marble Company for . redne-
tion Of its taxes. the matter Of collect
ing taxes from this Marble company
has attracted considerable attention.
Attorney s. D. Crump. Of Denver. in
q recent communication has appealed
to the "Reminiscences Of the taxpay-
ers Of this county. Therefore, any
further statements or figures relative
to the matter of fixing this particular
company should be welcomed by Mr..
Crump, as well as by all people inter-
ested.
The inquiry which would first be
made by any interested citizen is:
What is the actual amount of taxes,
including interest and penalties, owed
by the Colorado Yule Marble Conn
pany? According to the records Of
the county, this amounts to $51, 1885,
48. 1t will be noted that this amount
is considerable in excess Of the
amount Of actual unpaid taxes a.
stated by Mr.. Crump.
1t is further stated in some quar-
ters that . much less sum thar tbs
would pay the outstanding warrants
which must be paid out Of this taxs
but, according to the County Trsee,
urer, E. G. Palmer, it would requifl
all Of this uncollected tax and . part
Of the interest and penalties to pay
the outstanding school warrants Of
Marble. These warrants are largely
held BY Marble and Gunnison banhu.
The next question which naturally
arises in the mind Of any psrson whe
- inclined to study this question q:
What Il Tie astnal ~ physieal valus
(0 H. celeeaI1n Yn1s .11az&os c.
pany's quarries and plant. ~.
Crump states the figures ~ low as
$500. 900, and states that the company
would be glad to accept an otter for
that amount; but it is an interesting
thing to note that according to the
reports Of the Colorado Yule Marble
Company Of 1916 to the stockholders
Of that company, the valuation,
placed on the holdings Of that COM
pany is the enormous sum Of $12,-
49,, ,802.18. There Is considerable diff
ference between Mr.. Crump's modest
figure and this valuation as fixed by
the officers Of the company in their
report to the stockholders, and it is
reasonable to suppose that q reliable
company, such as the Colorado Yule
Marble Company would not "pad" any
figures furnished to its stockholders.
It is also interesting to note that
in the prospectus issued by the or
gsnixation committee for the COM
pany, just = few months ago, it is
proposed t1at . reasonable dividend
can be earned upon the enormous cap
italisation and bonded indebtedness Of
$l,221,475.
Az compared to these figures which
are made by the officers Of the COM
pany, it il found by IN investigation
of the county records that the asses
I'D valuation Of these. properties
amounts to the modest sum Of $780,
900 in the year 1918; $3.50 900 in the
year 1914; $4,000 in the year 1915,
and $500, 900 in the year 1916. II the
stataupents msds by s. D. Crump, an
attornsy for tn company, are cor
rect, the statements made by the reor-
gsaintion committee, and by the Of
ficers Of tie company in their re-
port to the stockholders, are very
much over-rated and glow with all the
optimism Of fake mining schemes. On
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