Leadville, Colorado - A “No Limits” City at 10,152 feet Above Sea Level!
...back to rags... (The Loss of the Tabor Fortune)
As the years rolled on, a series of problems - including Tabor’s own failure to anticipate
silver prices dropping and poor investments - all combined with the repeal of the
Sherman Silver Act in 1893 to begin the fall of the Tabor empire. Tabor lost his
entire $9,000,000+ fortune in less than a year. Although he desperately held on
to his precious Matchless as long as he could, he eventually lost that as well to
Almost penniless, and now working as Denver’s postmaster for a salary of $3,500/YEAR,
(an amount just a few years prior of what he easily made in a DAY), Tabor still believed
the silver market would come back, and when that happened, he hoped to be able to
reclaim the Matchless and repeat his earlier success with it. But appendicitis claimed
his life in 1899 before his hope could reach fruition, leaving his wife, Baby Doe
Tabor and their two daughters, Silver Dollar and Lilly, flat broke on the streets
Embellished stories abound claiming that on his death bed Tabor uttered the words
to his beloved wife Baby Doe, “Hold on to the Matchless... It will pay millions again.”
It makes for a nice fairy tale, but the facts refute such a comment being made.
Tabor was in a coma for many days before his death in his room at the Windsor Hotel
in Denver, and besides... Clearly both he and Baby Doe knew they had lost their precious
Matchless several years earlier to foreclosure.
However it IS possible that the two believed the Matchless could produce again and
they might find a way to regain possession somehow... it’s possible that Baby Doe
became so distraught over her husband’s death that she became obsessed with the past,
and held desperately to the one thing in her mind which had given them so many millions
of dollars - The Matchless Mine.