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Rocky Ford Enterprise.
TWENTY-FIRST YEAR. OFFICIAL STATEMENT Showing Assets and Liabilities of the State Bank MARKET VALUE OF ASSETS IS INDEFINITE Warrants ol Arrest Served Upon Bank Official*.-Deporllor* Molding Meetings. There were seventy-five of the 1014 depositors of the State Bank present at Odd Fellow* hall when the hour for meeting arrived last Saturday af ternoon. But the number more than doubled in the next thirty minutes, and by the time the meeting was call ed to order the hall was filled to tta capacity. They were quite a cheerful lot, notwithstanding the occasion that had brought them together. But the mottoes printed in the Odd Fellow ahip carpet which Actuary Sloan or the janitor had failed to take up on this muddy day, seemed appropriate to the occasion: “Relieve the Dis tressed “Bury the Dead;*’ •'Protect the Orphan.” For despite the good nature that appeared on the surface the fire m some eye* indicated that there might be dead to bury before :he meeting dosed. Nobody :n particular seemed to be responsible for the calling of the meeting, but there was a feeling that if had been inspired by thme enter taming the notion that criminal pro ceeding* should be. begun again*! the bank officer* Those who felt that better wisdom consisted in going slow promptly brought forward the public rumor that the bank officer* had just the previous night signed up a deed of their personal proper ties in trust for the depositor* of the I auk. and the interest of the meeting was switched to the mie*iion of what the deed* represented in the way of values and what they contained in the way of conditions. The commit tee that a former meeting had eh***- , en to wait upon the officers of the bank was asked to report but they had no report ready. Geo C Prel»’ a member of that committee was call ed for and gave his personal report of what he knew pertaining to the matter. Mr. Carpenter, a Denver attorney in the meeting, was also called np and after some probing it was learned in a general way thai tru«t deed* had been executed late the previous night, by which the ofn j ccr* and al*o the wife of the Prc'i dent lurned over, lo a trustee of - own selection, what they al leged to Ik all thwr personal prop erty in tm*t for the depositor*, con ditioned upon the receiver's final • settlement showing that the deposit or* did not receive the amount of tlietr deposit* in fnll. A further con dition of the trust deed was that the ofnttr* of the hank should in consul cralien of the making thereof enjoy , immurity from prosecution for any , ct-m-nal act in connection with » | management of the hank, of which drpmitors might deem them guilty. It was a further condition lhat at least two year* should Ik allowed to elapse before such trust deed should i l*ee» me operative as to the sale of* thi* icrsonal property, it bring urged | that two crop seasons might Ik need* < cd in order to realirr u-**»n the trust • Mels In the best advantage It was explained to the meeting by Attorney Carcpntcr of Denver wh‘* had been called by President God dmg to draw up the instrument that the condition regarding immunity . from pr***eeution contained in the deed was binding upon the dcpONtOr*] a* far as it could be made so: and was taken to be at least morally J binding, that it had been made as t the special proposition of Mr* '• ding, who had become a party l»» Ibe Trustee fund with her pefo.nal pCOP* I rrh || k| ;»e»rcd however that the pr->vi*inn »» .» incorporated in all of the deed* made Dr R XI Pollock. Mav**r of the city, had been made the Trustee an** the deed* bad been promptly put on file with the county recorder There was no copy of the deed l»ef*»re the nu-ctii'g. and it only by a long cones.- of fjurstionittg and debate that even this general knowledge of it* e*.intent* wa* brought out by the meeting The popular estimate* made in the . merlins of the value-. rrpfe«enled by the deed* totaled up stn.«no Of this* sum there was already legally avail-* able to the Receiver of the hank all btit the property r*f Xfr* G* ’ * ••• which the meeting estimated at s*6.- s*v» Attorney Carpenter, in an*wrr to «|uc«tinn* «aid the trust deed in it* terms made the elrpo*itor* of the bank a party to it* conditions TH* raised a storm of indignation and the agreement wa* repudiated with an unanimous ''no.” All the formal action taken by the meeting wa* a motion that the chair name five of the depositors a* a committee to look after the interest* of the depositors in any directions they could properly and legally so. without interference with or ref rrence to the judicial work of the of ficial receiver of the bank. The meeting then adjourned till next Thursday. Thursday's Meeting Another considerable crowd got togeth er yesterday el Odd Fellows hall to gel ptiwUtMtbsnkMw*. Ch*itm»» Kbkwt gave the meeting a half hour to talk it over and exchange stories before he put in an appearance. He came and then announced the names of the committee he had selected Saturday. That commit tee is made up as follows: Paul M. North, Chairman: L. R Fenlason. Secre tary, and J. W. Brown. H. I. Maxwell, J. H. Crowley. Frank McKelvey and Ben Wilson. He then called on Chairman North of the committee to report. He did so and said the committee had met at his office and named officers. They opened a subscription to an expense fund and several had signed it. The commit tee hsd sought to get a detailed report of the affairs of ths bank and sent Mr. Mc- Kelvey to Pueblo to get the report as mad* to tha court. That report had sixty pagas and a copy of it was being pre pared and would ba placed in tha hands of ths dspoeitort. L. R. Fenlason, Secretary of Uia com mittaa said thars did not saam anything also just now to givs to tha masting. Senator Crow lay had a Isttar prepared by Rscaivar Hall, which wa* road to Uia masting. Tha purport of it was that ha was unabla to givs anything furthsr of valus to tha dspoaitors at tha peasant lima. Tha chisf matter of debate was wheth er to publish or not to publish tha detailed statement of the Rscaivar to tha court. Tha outcome was tha withdrawal of tha motion to print. Adjournment wa* taken to Saturday weak. Bank Officers Arrested. On Monday afternoon Sheriff Pot ter came up from I.a Junta and serv ed warrant* of arrest upon President Godding. Cashier Smith and Assist ant Cashier Barkley. The papers were i**ued on the re quisition of C. II Jarkson. and charg ed the officer* of the bank with re ceiving items of deposit to the amount of on date of December n. knowing the hank to Ik then in* solvent Bond* for appearance in court in the sum of $5,000 each, were immediately furnished by the mew charged and they were released on hail The bonds of President God ding and Cashier Smith were signed by George Hammond and Frank Stoop Tlto*« of Asst. Cashier Bark lep were signed b«r L. W. Babcock. I G Res. James fluttrrficld. II W. Sobolt and D. W. Barkley. Sr The date for appearance in court 1* not set. K«crt. «r Mall . Htp rt The report of the Recetarr of the State Bank was filed Saturday after noon with the judge of the District ; Court in Pueblo, white the deposit or* nuo meeting was still on in , Rocky Ford. The later issues of the Pueblo paper* contained a summary «>f the Receiver's statement and there was eager demand for conics o«i the 1 street here Sunday. The Monday is sue* contained a somewhat fuller rcoimc. but the most satisfactory ‘statement was a nummary made by Receiver llall Monday forenoon and given to the local press. That state ment waa as follow*: Statement of Resource* and Liabili ties as Shown by the Bank Books at the Close of Business. December 3b 1907. Resources. Loan* and discount* SyA.iHojo I Overdraft* *s^74 Furniture and fixture*.... j./«; Due from National and state bank* l.mi Oy Cash and cash items Savings hank* jAoJ Suspense t*t it Krai cslatc 4*4 59 ' hxpense 8.6.11 *5 $561,417 97 Liabilities. Capital stock |>atd in .... jo/wooo Surplus fund Undivided profits ........ ti Hue depositor* .... . tq^jiooß Time certificates of deposit 32. MJbM Demand certificates of de posit s*o 5.t Rediscount* ijfloow Duo National and slate bank* ss/*».! <« lulere*t $ J.IJQ <0 I*, change (SoiJ Safety boxes .. *1 «w» J,Jt7 7^ Cashier’s check* l3*Sr 2 1 I Certified cheeks. I Clearing house certificates ... l'A,*m;i $561,41747 Statement of Ca«h and Cash item* Ticket*. Court cost* account Han«- bltMgb CAM f 67,85 Tax receipts account John K. Godding 475 -.18 1 Premium on insurance pol icy. F. R. C«»ok aß|W* Recording Masonic release. Taxes, account Mil* ler $ • s<*> Taxes, account Green Mountain . »4J Taxes, account J. K. Godding .t /8 Telephone calls ... tts J9S6 Taxes, account A. \V Shelton 498 60 Short check, J. W. Hayes J6OO .tjffio Receipt*, co clerk.. 1200 Small items aggre gating 154 78 16678 Ticket. “Fidelity'* ... 1.746ji Gold souvenir coins 14 00 Account tfans- C ontinuad on Eighth Pag* ROCKY FORD, COLORADO. FRIDAY, JANUARY 24. 1908. THE FACTORY'S SIDE OF IT. As Presented by Manager Wietxer In a Circular Letter. The Enterprise has approached Manager Wiotzcr «»i the .A. B. S. Co. with a view to getting for publication the factory's side of the questions in volved in the sugar making problem. Our beet growers will undoubtedly he heard from again next Saturday, unless all the ordinary signs of a popular uprising do not fail. Mana ger Wietxer thinks he luis covered the factory's side of the | roposition quite fully ill a circular letter that he has sent out to the growers and the Enterprise reproduces the letter which is as follows: Rocky Ford, Colo., Jan. 41. 1908. Dear Sir:— Our beet contract* for additional acreage for the coming season arc now 111 the hand* of our Agricultur ists and Wcighmastcrs. In, explanation: The price the last four year* was $5 per ton regardless of the sugar content in the beets. For the coining season the $5 price will continue for all beet* containing not less than 15 per cent sugar. For beet* of a lower quality $4 5? per ton will be paid. It will be optional for the Company to accept beet* below 14 tK-r cent, the same a* in the past. When at the request of the. beet fctewer* thi* tlat price of $5 per ton was adopted in the spring of 1904. wc had a general average of sonic- , w hat over 17 per cent of sugar ini the l»cct. Since the llat price wa* adopt ed the average quality of the beet* grown has decreased very rapidly, amounting from 4 to j per cent and even 4 per cent in sonic localities. From year to year wc have con sidered that thi* was only accidental and we have hoped that the. average quality would materially increase again We have been greatly disap pointed and arc now thoroughly con vinced. that as the heel grower ha* no incentive under the llat price of $S per ton to make the slightest at tempt to try to grow sugar in the beet the low quality is largely due to the grower not being interested in the sugar content of the beets. In the northern part of Colorado the last few year* the factories have l‘>4 considerably better beet* than the grower* have delivered to our fac t'.r.es The price in the northern contracts are (he same as we hiw adopted for the coming *ca ton and we hope that this change in term* will stimulate the desire to grow aj pm] quality of beets It i* not our intention to cut the mice, we prefer to pay (or all heel* $5 per ton. provided they do not te»* le** than 15 per cent *ugar. hut *<•' cannot afford to continue to contra*: to pay thi* price all) longer for bee'* below 15 per cent To illustrate the difference of the; sugar content in the beet* grown on - •fer the scale price and under the flat ! price. I wi*h to *»> that under tl-r j • cale price the beet* grown, contain-1 ing under 1} per cent sugar amounted " to considerable lea* than to per cent of the total tonnage. When we kept complete records the fir*t two year* the actual figure* show that of the crop grown in *eason ivn only y$ per cent and of tbs crop grown In season toot only %A per cent te*led below 15 per cent fn la-1 ter years since the fiat price was I adopted, the proportion of beet* con-1 laming less than 15 per cent sugar, immediately mcr rated rapidly.! amounting to from .1? to 50 per rrnt 1 of the total tonnage delivered to the 1 R»<ky Ford factory. For season too? 1 Up l*» the end of November the same amounted to 4.1 per cent The |kiM >n tf such beet* below »5 per cent wa*‘ sfi!t larger in the tuts Animas and l.amar district*. i Tne operation of our factories in the wUcv ha* been *0 unprofitaldc ' thr last few years lhat wc can not ce-u«*nne to contract to g.ay ft f*»r j beets of low quality and we earne*:l> [irqn,-* >«»ur hearty eoopcrafion in ! trying to grow a better quality of 1 Feet*. I If there are certain conditions tin- " tier which, or land* upon which '•< :* planted, cannot Ik grown contain ng I r»: ca;.t It per cent of sugar, it won id l»e to ottr mutual interc*t that such lands !k discontinued for the growth of Feet* You undouhtedly rvalue . ' lhat if is to ottr mutual advantage j that tl-.c beet sugar industry pr*»* -r and be further developed, hut thi* can only Ik done if the manufacturer ran work at a reasonable profit the same a* the grower. Your roonera* lion and effort* to try to raise beet* ' again of a quality as high a* the firT . years aro necessary to accompli*h ' this. Our Agriculturists will call ur*on I you and give further details and if you desire assist you in the selection of the soil, advise you as lo the rota j lion of crops and give you the benefit of their experience. Yours truly. FR WIET2ER, Manager. Rcaokstfon of Condolence. Whores*. it has pleased the All Wi«*| Being to take from our midst our worthy Brother. J. M W*i f . Be it Revel red. That we the members of Rocky Ford Local. No 9, F. E. fit C. U. of A. attend unto the bereaved family our heart fait sympathy, and that a copy of these resolutions be sent to the family and one kept for the lodge room and one sent to each of the local papers. I. L. Weigand. Prana Bishops C. R. Douglaa, eomnuttes. THE SIGNAL SYSTEM Ifucky Ford Track Yard* having Au tomatic Hcvlcc Erected. _ Rocky Ford is the second town in Colorado to have introduced the aut omatic electric railway sign'll >y*iem made by the General Railway Signal Co. The other town is Colorado! Spring*, where the Santa Ft- has had • its yard* equipped with thi* rystem. I The erecting gang has just returned ! to Rocky Ford this week, having started work here fir*»t and then been ordered to the Spring*. The exten sive trackage on the. stati *ll grounds here and the sugar factory and can taloupe shed switches wlivti abut upon the station ground* makes an extensive and complicated network of track*, and for thi* reason prubv bly ha* suggested Rocky Ford a* a good place ill which to intro luce thiv comparatively new and novel ex tension of the block signal system. Passer* over the Main street cross ing of the Santa F’c. may now see looking either east or wc»t, a pair of iron column* that grow into a bulb at the top and then tajwr to a grace ful point. The bulb** the tiling; be cause inside the iron box which it form* i« gathered the electric mech anism which automatically throw* up painted wooden arm* in the daytime and vart-colorcd light* at night to tell thr driver of a locomotive wli.*n the track before him is clear and when it i* impeded by other train*. Tho*u two pairs of column* are call ed the “home” signal* and other "dis tance'* *ignal column* will he erected I for a mile and a half each way Ik yond them. An electric wire attach es to and follow* the railway track, and a rrturn wire that complete* the cricuit is carried overhead on the regular line poles of the Western Union Telegraph company following thr Sima Fc road. By this automatic system every train puts up its own signal of where it is and so warn* everv other train It truly looks like a fine-spun and complicated network of wire* and currents and signln>ard* ami light*, requiring a Philadelphia electrician and an expert nieehanical alinu*t to keep it right But if it “work*.” and greatly lessen* the record of tram wrecks the great unlearned will Ik content to take it on faith. At Tha Stock Show. Col. Lockhart. John Pitch*, jr- and several othor oti/*n% who ara interested In stock crowing have bean attending the Live Stock Show in Denver this week. Tha show tv undoubtedly the finest the west has aver seen The star exhibit is the great six hart* draft teem belonging to the Armour pecking concern, which was the wonder cf all England when at the London stock shew. The prues and J awards given n establishes its place as I the groalest teem m the world. Another , prominent exhibit * a fat steer that we«h* a ton. Col Lockhart has mad* several entr*s of stock at the show. Last yaar he look SSOO in prtte money. Broke HU Leg. Ira Shively, en employe of the A. B. S. Co. on one of the factory ranchos, had a leg broken Saturday, by what the Com pany physician. Dr. S-gman. describes as a ‘compound ccrrphcalion of fortuitous circumstances supenrducod by a switch engine and a span of Missouri mules. Mr. Shively waa on tha water wagon at the time, so that his sobriety is not ca ltd in question. Me was waiting with his team attached to a water tank, at the crossing near the factory, and when the 1 eng me pulled deer started to go over. Unexpectedly the engine reversed and came upon his wagon. The mu?e* made a break tor safety and to did the driver In jumping from tFe wagon his leg was broken. The engineer says his attention was diverted to th# car he was getting cn the track scales and he did not see the teem. “* * * District Court New*. Henry A. Apt vs. L J. Mounts was the title of the case trkd Monday In the d.s irict court at La Junta. Mr. Apt of th s cAy brought suit for SI6OO damage* claiming that he had bren led by false representations on »>•« part of Mr Mountr to exchange his two acre tract and im provements, adjonirg the city cn the southwest with Mounts, for 160 acres cf the Utter, located •>**'* of Dodge C ty. Kansas. The juri returned a verdict for the entire amount sued tor. IF* pUintifT was represented by Minor end North. A. H. Lincoln vt The Oobin-Ebbert Seed Co„ was tried Tue«daT Mr. Lin coln raised and tried to deliver tc the company, under a contract, cantaloupe seed from six acres of ground but Ur company refutrd to receive them. He brought suit for the amount due. $855. I and the jury gave him a verdict for the amount. He was represented by Minor and North. Farmer's Short Course Wfll Come. Senator Crowley received a telegram from President Aylesworth of the State Agricultural College Monday saying that the college win hold a Farmer* and Domestic Science Short Course in Rocky Ford on date of Febtarary 10th to IStfi. Some Items of Interest May we have your order lor some of these Good Groceries? Dnnclcss Chicken, cun .Jso iiiissinn Caviar, can 50c Dried Ueef, in irluss jar, 20c Fancy Cluster Raisins, package, 25c Maple Sugar, brick, 15c Selected Eating Fins, box, 25c Crawford Uncoloreu Cheese, pound 25c Vermont Mnple Syrup, pur**, lb 25c Itulinn Olive Oil, bottle, 50c Pure Fruit Jelly, tumbler, 15c Junket, n pine milk f ioil,package, 10c California Ripe Olives, ean, :sse Imperial Peanut Rutter, jar, Ise Mrs. llebard’s Potato Chips, package, 25c Monureh Spinach, big can, 20c Fancy Rluchen ies, can, 20c Central Location. Prompt Deliveries KIMZEY GROCERY COMPANY Exclusively Groceries REV. GEO. W. SHEAFOR Rev. and Mr*. Qex W. Sheefur. evangelists who conducted revival sennens in Rocky Ford a few seasons ago. are to rrturn and or me. a series of meetings at the Baptist church commencing January 26. Mr*. Shsafor is a vocalist of some repute and add* very materially to the attractiveness of the mealing*. A week of prayer and preparatory service has been held the pest week. CIVIC MATTERS. Council Debate* Question* of Cosh and Carnegie Library. Council met Tuesday evening and readjusted the finance funds in away to ' permit the payment of late salary war ranta and other claims that are pressing for payment and that were drawn upon l e funds Usd up in the Slate Bank. The library board having reported a letter from Mr. Carnegie refusing the re quest for $16,000 for library bu- dng and intimating »hat he was di*rr«*ed to standby his offer r.f $: 0.030. the council debased t-\* matter a*, a cstp. length an*l finally determined upon m*k mg request for S 12.500. It *** figett «j that the good faith of the town in »h# library project might be strengthened with Mr. Carnegie if the *uwinc I to e -Jp the matter direct with him rather tPan V. rough the board, so showing the c.ty's actual interest in and restonsibi ity for what was being done in the premises i The council will endorse the appeal for $12,600. The board alsv d#**al#d the question of cleaning and reputing the well near the pumping pant, but definite actim was not taken. Will Discuss C.i kcry. | The neat meeting of the Woman * Club will be held tomorrow and tr.e of ' meeting is changed »o the home cf Mr*. W. D. McPherson. The program will be , made up of unique and practical features, j a sort cf chafing dish party. Domestic j science in general will be discussed and rule* of table etiquette and cooking raci- i pes will be given, with actual demonsU a , lions. The host***. Mr*. McPherson, ha* been speeding severe! weeks at her coun try home in Estes Perk, but rstums to day and will do the honors as the enter- ! tainer. NO. 84 PUBLIC SCHOOL PROMOTIONS. Largest Yet High School Crowded Athletics Called OH. Monday last witnessed the mid-wintrr g ade promotions in the Rocky Ford schools. Tha'•moving up” process was general, every teacher having her group |of 'graduates.” and the total advance mints was tha largest in the hetory of U* city school*. Tha most pretentious in the way of “exercises” pertaining to ih s ad vancement were a* usual those of the eighth grade, which pjpils now pss* into I't* high school. Their exerciso* too* 1 place m the High School assembly room Ft da/ eve rug last, attended by many parents. The else* numbered 26 this yeir, and every one of them, had hie and her 'pecs. They also had their class im.t*o: "No Victory Without Labor." and the.r data colors: Old rose and emerald green. The printed programs were in the cmeraid hue The declamations were t.o many for special reference but they were . II crvditsble. as waa also the music interspersed The pro notion of th’* class so crowds the high school that there is "standing room only” except when a part of the number is cccuped in the recitation roems. T*-e total high school enrollment is 156. with 108 desks. But work is progressing on the new high school build ing and accommodations will be better next year. It is htped to gat into the new building for th* last month** work of thi* term. The school board seems, a common I with the outside world, to be feeling a stringency and ha* called off all further 'outlay for athletics. The basket bell ' team will neither go frem home this eee- I *on to play nor entertain eay outside teems at play here.