Silver Queen: The Fabulous Story of Baby Doe TaborBancroft, Caroline
History
Silver Queen: The Fabulous Story of Baby Doe Tabor
Bancroft, Caroline
Baby Doe, -1935
Tabor’s other holdings which had sounded so spectacular and so promising
on paper, turned out, many of them, to be literally paper. He had been
duped or cheated by associates and friends for years without either of
us realizing it. Some of his real estate was already mortgaged, and,
when the blow first fell, he mortgaged the rest. Afterward we learned
what a mistake that was. We should have learned to economize
immediately.
But none of the mining men believed the hard times would last. Ten
Denver banks failed in three days during July and our cash went when
they crashed. Gradually, with no money coming in, we could not meet
payments on the mortgages. The banks wouldn’t loan us any more money and
our property began to fall on the foreclosure block.
“Take my jewels and sell them, Tabor,” I volunteered.
“No, the day will come when you’ll wear them again. I’ll make another
fortune. That gold mine I bought near Ward and never developed will help
us out. The world wants gold now—not silver.”
Before the house was taken from us, the Tabor Block in Denver and all
the Leadville properties fell. What wasn’t taken for mortgages, began to
go for unpaid taxes. When I had married Tabor, he had spent $10,000 a
day during his thirty-day stay in Washington because at that time his
income from the Matchless alone had been $80,000 a month. Yet just ten
years after, we were actually worried about our grocery bill.
I knew Tabor’s dearest possession, next to the Matchless mine, was the
Tabor Grand Opera House. When the mortgage owners gave notice of
foreclosure on that, I went personally to plead with young Horace
Bennett for an extension of time and leniency.
“We millionaires must all stick together,” I said.
He regarded me with cold blue eyes and replied:
“I am not a millionaire, Mrs. Tabor, and this is a business transaction.
I appreciate how you and Mr. Tabor have sentimental feelings about the
Opera House. But in that case, you shouldn’t have mortgaged it.”
I could not make him share my belief that Tabor would recoup everything.
In my innermost heart, I knew he would. But here was a new kind of man
in Colorado who did not look at life the way the first-comers did. Those
men were plungers, gay and generous. When they had money, they spent it
and when they didn’t, they had the bravery to start out on new ventures
and make other fortunes. When a friend was down, they loaned him more
than he needed and forgot the loan. That was Tabor. But not these
newcomers who were settling and growing prosperous in Colorado.
And even my own brother! I went to Pete to save the Opera House for
Tabor.
“I haven’t the money, and even if I had, you’d only mortgage it over
again for some silly extravagance,” he said.
Public-domain text, read in full here on John Shaqi.
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