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Newspaper Archive of
San Miguel Basin Forum
Nucla , Colorado
June 1, 1989     San Miguel Basin Forum
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June 1, 1989
 
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4 San Mlguel Basin Forum, Thursday, June I, 1989 II I Ism Robin Hood Ban rtll By Betty Zatterstrom Historical Columnist After the whole scheme had been fully exposed by Sep- tember 3, 1929, the TelluDde bank was closed, and all the involved banks initiated a nation-wlde man-hunt for Charles D. Waggoner. Most major newspapers published a description of him: "About 5' 8" tall, 140 Ibs, medium complexion, dark hair, English-cropped mustache, well-dressed, with rather nervous and Jerky man- nerisms." a typical headline was that which appeared in the New York Times: "A Seedy Country Banker Swindles Six New York Banks out of $500,000." (Ac- tually, he was far from "seedy" but rather dapper, Judging from his picturesJ The American Bankers' As-' sociatlon hired a bunch of detectives who fanned all over the United States and Canada, looking for the "seedy country banker." Three days later, they found hlm in a tourist camp in New Castle, WyOming. Again, headlines flashed throughout the nation. Waggoner wasn't par- tlcularly trying to hide. He knew they would find him sooner or later. He was calm- ly tun-surprised, and ready to "take his lumps", and pay the price for his actions. He felt quite conscience-clear, his sole motive having been the protection of his bank depositors. He made a full confession, taking all blame upon him- self, saying "Neither my wife, my family nor any of the Tel- luride bank officials had any- thing to do with the affair. The bottom had dropped out of things in Telluride, and a desperate move was neces- sary. I would rather see the New York banks lose money than the people of Telluride, most of whom had worked hard all their lives for the savings which were deposited in my bank." "Are you sure that all this financial meddle you've caused Will protect your depositors?", an officer askeddubiously. "Deflnltelyl" Waggoner replied.'~'he money Involved is so widely scattered throughout the country that it can never be retrieved. The debts of my bank have been paid with that money, and since I, alone am the guilty one, the Bank of Telluride cannot be forced to make good the loss. Only I can be punished. It is the 'perfect crimel" Waggoner was then trans- ferred from Newcastle to Cheyenne, then to New York to stand trial. Today's bankers, as well as the general public, can be thankful for present banking laws and deposit insurance, maklng a terrible choice such as the one Waggoner faced unnecessary. ("And lead us not into temptation".) If he had had"avallable modern computer; codes, he probably could have pulled offthe whole scheme without even leaving TeUurldel I find this thought mlnd=bogglingl The Defense Attorney, Alan R. Campbell said "Charles Delos Waggoner is a Robin Hood who stole from the rlch to protect POOr depositors. He did not profit personally from the deal, but used all the money for payment of claims against the Bank of Telluride." Waggoner had othing to gain but a fifteen year sen- tence in the Federal Peniten- tiary at Atlanta, Georgia. After serving six years, he was paroled in May, 1935. : By Dr. Richard Kauffman "RUNNING INJURIES Running has been Ihe exercise of choice of millions of Americans. It doesn't requh'e a lot of expcnsi~,e equipment or a club membership, and it's a year-lound activity that ~n be done anywhere. Itnt many of tile runners have becn injured. Most. of tile injuries are to the legs. hips, fecl and the k~wer back. They happen because the nlnnct wanls to go too fa; too ~1on, piling.- on lhe [hilL'5 and lunnillg [00 often bclore the body has learned l~ adapt to lhe wolkOIll illt(i Ihe ~;llesses ol illllS;ICl tin the joints. Another p~ssiblc t;'nlsc: certain bionwchanical fanlts that don't show ur~ unit[ tlw I,Cr~ln starls flinging. a Your L~ctor or Chiropractic is trained to make adjustments thai may ease tile disconlforl. Presenied as a service Io the community by Tue, :lay 9-5 The Chlropractlc Center 853 Main Street Nucla, Co. 81424 864-748O His wife had remained stead- fastly loyal throughout the whole ordeal, and was there to greet him when he walked out through the prison gates. His next few years were very tough. The "Robin Hood" glamor had worn off, and he was finally merely an "ex- con", trying to find any employment he could. Summer of 1937 he wrote a letter to an old Tellurlde acquaintance, J. Walter Eames, asking for employ- ment. Eames had moved to Grand Junction where he operated the Bflimore Club. A sad quirk of fate befell 3. Waiter Eames. On December 18, 1939, three masked gun- men attempted to hold up the Blltmore Club, and in the process, they shot down and killed Walter Eames. Factual material for this story was gleaned from a chapter In Wilson Rockwelrs nors The West End School Dis- trlct honored Dorothy Wat- son and Jeannine Hibbert at an end-of-the-year gathering which also was a retirement party for Mrs. Hibbert. Mrs. Watson was selected Teacher of the Year and Mrs. Hibbert was chosen as Clas- sified Employee of the Year for the 1988-89 school year. The selection was made by the Accountability Commit- tee based on several criteria, choosing those who have made "an outstanding con- tributlon to the educational process in the West End Schools." At the gathering at school board president Tish Benson's home on Wednes- day, May 24, Mrs. Watson and Mrs. Hibbert received plaques and $100 each. Teacher of the Year Dorothy Watson was named Teacher of the Year in the West End School District for the 1988-89 year. Mrs. Watson began teachLng in the District In 1961 and has been here ever since, teach- ing Home Economics, fifth grade for one year, but primarily Home Ec at both the Junior hlgh and hlgh school level. She has taught Consumer Math and for the last two years she has read- ing for sixth and seventh grades and Chapter I. She has been the yearbook spon- sor for seven years. Mrs. Watson earned a Bachelor of Science degree at East Central State University at Ada, Oklahoma, and has done graduate work at the University of Oklahoma, C.U., C.S.U. and U.N.C. Employee the Year Jeannine Hibbert was Selected as the Classified Employee of the Year in the West End School District for 1988-89. Mrs. Hibbert has been part of the RE-2 District since is was organized, and prior to that was the secretary/bookkeeper in District 18, which was the Nucla Grade School, from the Fall of 1958 through the Spring of 1961. ARer the RE- 2 District was organized, she served as bookkeeper for 18 months before asking to be transferred to the high school where she was secretary for 26 years - with one year in that period as secretary at the middle school. Mrs. Hibbert, who is retiring this year, has worked with four superintendents vived them alll i "Sunset Slope", published in 1956 by Big Mountain Press, Denver, Colorado..also from an interview with Mrs. Mar- garet Galley. She says they were saved from losing any money, partly due to the good advice of their friend, C. D. Waggoner. And it must be made very clear that the same situation would not happen nowadays, because of banking laws and Federal Deposit Insurance. Museum Notes The Rimrock Historical Museum is now open for the summer. The days: Tuesdays through Saturdays. The hours: 2:00 through 5:00 P.M. Days and hours will be ex- tended informally as special occasions arise. Two ex- amples are Naturita Days this coming weekend, and the Nucla Water Days, weekend of July 4th. Appointments for odd- hours of days may be made by phoning me at 864-7918. Ifrm outdoors when you call, please try again. Admittance is free... Kids welcome. Betty Zatterstrom, summer attendant. lable In compliance with Colorado, ReviBed statues, begtrming May 15. 1989, the As- ~uor will slt In the oflqce In the San Miguel County Courthoua, 305 West Colorado Ave., TeUurlde, Co. during regular working hours Monday - Friday, 9:.00 am - 12:00 pro, 1:00 - 5:00 pm to hear obJectio~ and protest to valuations for sssese~ment of Real Property. Current valuaUorm will become final urfleu protests are filed with the As- sessor by the end of business June 15, 1989. Objections to valuations for sssessme~t for 1989, ff marled, must be postmarked not later than June I0. 1{}89, objecticpat m person will be co~s/dered only ff made by June 15th. and cannot, by law, be c~n- s/dered by the A~tessor ff made at a later date or alter recetpt of tax bill. The current valuatton will reflect the new 1988 level of value and should not be confused with a tax ataten~nt or bill In our arw]y~ of what your property could have sold f~ of June 30, 1088, we will be sending Not~.s to propor~ owners who~ prope~Y valuation lncreMed. Th~ notice will show the ACTUAL VAU,~Z ef the In, sperry tn Your ownemMp rather than the fmcUon~ u- aessed value listed on the Notice In prior yearn..~ a rssult of thtl statew~e reap- pramd, property values for taxaUon pUt- press will move four and one half years toward current actual value. {The Ixevtou~ taxable value* were ba~d on t983 1984 cut, tneeme ,rod sales dat~) l~e~e call the ~aeasor's alice If you wish to schedule an appo~ntraent or if you need additional/nfonnation regordmg the Rlmg of valua~m eb~ectmr~. San Miguel Co~mty As~uo~s O/~ce PO Box 506 Tellurlde. CO 8143fi [303) 728-3174 Publmhed m the San Miguel Basin Forum o~ Thursday, May llth, 18th, and June 8th. Img. Doctor on Call For the weekend beginning June 2nd, the doctor on call will be Dr. Lenderts. For fur- thee . atiart .call Ills- patch