BUILDING BRIDGES
Supporting businesses by lending good money to good businesses.
March 2011 - Vol 4, Issue 3 |
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Greetings! |
 This month's featured entrepreneur, Horace Tabor, is a true "rags-to-riches-to-rags" story of Colorado's Silver King of the late 1800s. Though it shows the pioneer spirit that made this country great, it also gives us lessons in persistence, dedication, devotion and determination to transcend all obstacles to reach a specific goal in life - that ever-elusive "pot of gold (in this case 'silver') at the end of the rainbow." Because in March we celebrate St. Patrick's Day, and the fact that Horace's wife, Baby Doe Tabor, is of Irish heritage, makes this a most fitting article for this month's issue. We hope you enjoy it! Remember, Day Light Savings Time begins on Sunday morning, March 13 -- turn your clocks one hour ahead on Saturday evening! Regards, and Happy March! Lisa Mazon |
$$$ Refer & Earn $$$ |
 Business contacts, friends, family and acquaintances -- you just never know when someone you know might need Mazon's accounts receivable services. See our referral program at the end of this newsletter. |
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Entrepreneur of the Month: Horace A.W. Tabor, "Silver King" |
| Horace Tabor |
Horace Tabor, trained as a stone mason, was 19 years old in 1849 when he left his home in Vermont to work in stone quarries in Massachusetts and Maine. In 1855, he joined anti-slavery settlers to populate the Kansas territory and began farming land along Deep Creek in Kansas, (what today is still called "Tabor Valley"). He returned briefly to Maine in early 1857 to marry 24-year-old Augusta Pierce, a daughter of his former employer. They travelled back to Kansas where they spent the next two years trying to make farming productive. In 1859, stories of gold discovered in the west Kansas Territory (now Colorado) caused Horace, Augusta, their infant son (Maxcy) and two old friends, to walk for six weeks across desolate landscape to Denver in search of gold. In 1861, they moved to Buckskin Joe, Colorado to run a general store, and a few months later relocated to Oro City where Horace continued to search for gold. During July 1877 veins of silver were found in Leadville, causing Horace and Augusta to move to a large log cabin in Leadville where they continued as storekeepers and tending the post office for the area. By January 1878, the population of the Leadville mining camp was 6,000, made up of seventy cabins, shanties and tents. While Horace and Augusta were also struggling financially, he would make grubstake arrangements with miners (provisioned for free in return for a share in the ownership of anything they might find). In 1878, two immigrant prospectors whom he provisioned suddenly and almost overnight on May 3, 1878, earned Horace (then 47) and Augusta one-third ownership of the Little Pittsburgh mine -- the first of many mines he would own.
| Tabor Store, Buckskin, CO |
After the bonanza strike of the Little Pittsburgh, everything Horace touched turned to sparkling silver and untold riches, and he became known as the "Silver King." During 1878 he expanded to iron mines, gold mines, silver mines, placer mines, smelters, irrigating canals, toll roads, railroads, copper land in Texas, grazing land in Colorado, mahogany forests in Honduras and real estate in Leadville, Denver and Chicago. Horace was elected mayor of Leadville in 1878, was its first postmaster, organized its first bank, built a building to house the Tabor Hose Company (for which he had given the hose carriage) and the equipment of the Tabor Light Calvary (which he also organized), and built Leadville's Tabor Opera House (which opened in November 1879). In partnership with Marshall Field of Chicago, he bought the Crysolite mine along with others; shortly afterward these mines yielded three million dollars and Horace eventually sold out his share for $1.5 million. By the end of 1879, the total yield from his consolidated company was four million dollars and he later sold his interest for one million dollars. The Chrysolite mine was said to have been "salted" by a swindler before Horace purchased it; when he found out, Horace ordered his crew to "keep on sinking" the mining shaft - at ten feet more they broke into a three million dollar treasure chest of carbonate ore! It was in 1879 that he bought the Matchless mine for over $117,000 and purchased half-interest in the First National Bank in Denver.
| Augusta Tabor |
Their sudden wealth and fame did not sit well with Augusta, who for years had been accustomed to hard work and frugal living. She continued to live as before but now in a mansion in Denver. Although Horace and Augusta entertained society, she shunned the elaborate life and continued to live frugally, dress modestly, refused to live in the master bedroom upstairs but in the servant's quarters off the kitchen of their home. She scrubbed her own floors, did their own laundry and cooking, and kept a cow tethered on the front lawn and milked it herself. She had a sharp tongue, belittling Horace for his generosity and spontaneous gifts. Augusta's reaction to their good fortune caused a split in their marriage, as it humiliated Horace in his current position as Colorado's Lieutenant Governor (1878-1884), and he began to spend much time away, expanding his business, making friends of his own, building and investing his wealth where he saw fit, making many friends along the way. He loved to live an extravagant lifestyle with his wealth, but his generosity and kindness to others never faltered, and he enjoyed helping others. Yet, he was a lonely man. It was at this time of his life, that he met a beautiful young divorcee (26 years younger than himself), Baby Doe in the lobby of his Leadville Clarendon hotel in 1879. It was love at first sight for both of them.
| Baby Doe Tabor |
Baby Doe (nicknamed by the area miners because of her good looks, sharp wit and outgoing personality), was the daughter of a shopkeeper in Oshkosh, Wisconsin. At 22, she married Harvey Doe, Jr. (23) in Oshkosh in June 1877. He was a handsome but spoiled son of Oshkosh's wealthy Colonel William Harvey Doe who had mining interests in Central City, Colorado. As a wedding gift, Col. Doe gave them control of his Fourth of July gold mine, in Central City, with the promise of more if they made good with that mine. After just three weeks in Central City, Baby Doe learned that her young husband was no miner, nor did he have the pioneer ambition it took to survive there. He took various jobs, enough only to buy a little food. In fear of losing what little they had been given, Baby Doe donned miner's clothes and gear in attempts to make the mine profitable. Harvey drifted from job to job and camp to camp, borrowing money to the point of desperation, facing legal judgments for money he could not repay. He spent much of his time in bars (not that he drank but found people to sympathize with him). Baby Doe lived alone in destitute conditions for two years and suffered great hardship with the birth of a stillborn son in July 1879 (attended by only a midwife). She was befriended by a young local store owner, Jake Sandelowsky, who provided food and merchandise to her. When Baby Doe finally divorced Harvey in March 1881 for non-support and desertion, Jake encouraged her to move to Leadville to start a new life in that growing community.
Shortly after meeting and becoming society's gossip headlines, Horace and Baby Doe immersed themselves in the planning and building of the famed 5-story Tabor Grand Opera House in Denver which opened on September 5, 1881. During this time, Horace continually requested a divorce from Augusta, but she refused pointblank on the grounds that a divorce was a lasting disgrace and stigma. Then, Horace secretly divorced Augusta in the summer of 1882 in Durango, Colorado and wed Baby Doe in a private ceremony in St. Louis, Missouri that September. In January 1883, Augusta sued for divorce accepting as settlement their house, another apartment house, a quarter of a million dollars worth of mining stock, including one-half interest in a mine above Aspen. On January 27, 1883, Horace, then 52, accepted a 30-day term as Colorado Senator (completing an outgoing senator's term). During this time in Washington, DC, Horace and Baby Doe had a lavish and historic wedding. They returned to Denver where they continued to live an extravagant lifestyle, though Baby Doe was continually snubbed by women's social circles because of the circumstances surrounding Horace's divorce from Augusta.
Baby Doe (now known as the "Silver Queen") and Horace's first daughter was born July 13 1884. Their happy, luxurious life continued for the next ten years. Investments spread, the Matchless continued to produce silver (often running as high as $80,000/month - some estimates were $10,000 per day!). He poured untold sums into the coffers of the Colorado Republican party for which he never got the least political consideration that he had hoped for. Horace ran for Colorado governor in 1884, 1886 and 1888 without success. Baby Doe still had no real friends in Denver and had received no social invitations in Denver. A son born in October 1888 sadly lived only for a few hours. In December 1889, another daughter was born. Around this time, the Tabor mines had fallen off in output, but the Matchless was still holding up. Some other investments had not turned out as anticipated, but still hopeful, they continued to live the same lavish scale, with Horace mortaging the Tabor Block and Opera House in Denver.
| Tabor Opera House, Leadville |
Then, tragedy came with the Silver Crash of 1893 - the repeal of the Sherman Silver Purchase Act signed by President Grover Cleveland to demonetize silver in order to save the value of gold. (Until the Great Depression, the Silver Panic of 1893 was considered the worst depression the United States had ever experienced.) Almost overnight, the richest people in Colorado became the poorest. All of Horace's mines were worthless, including the Matchless! Horace's other holdings, it turned out, were literally only on paper and worthless. He had been duped or cheated by associates and friends without realizing it, and some real estate was already mortgaged and he mortgaged the rest. Ten Denver banks failed in three days during July, and their cash went when the banks crashed. Gradually they had no money coming in and could not meet payments on mortgages; banks wouldn't loan any more money to them and properties fell on the foreclosure block. They thought their wealth was unending, and had no type of savings to sustain them. Before their home was taken, the Tabor Block in Denver and all the Leadville properties fell. What wasn't taken for mortgages went for unpaid taxes. Neither family nor friends, were willing to help them as they had no means of repaying anyone - this, for a man whom had given so much of his wealth and time and life to Denver and the mining communities of Colorado. When the house was taken, they lived in cheap little rooms in West Denver where Baby Doe did all the cooking, washing, ironing and sewing from early morning to late at night to make her husband and children presentable for meetings and school. Their finances went from bad to worse, but Horace and Baby Doe held their heads high knowing their luck was bound to change for the better.
| Matchless Mine |
Horace was over 65 when he took a job wheeling slag at the smelter in Leadville for $3 per day. The Matchless was shut down, and water filled the shafts and drifts. What was spent only a few years prior on the children's trinkets and toys would have now kept the family in groceries for a month! Then in 1898 a senator-friend from Leadville succeeded in getting President McKinley to appoint Horace postmaster of Denver, and they moved to a two-room apartment at the Windsor Hotel. He was very grateful and pleased with his position and regular routine of his job and settled into being a quiet wage-earner and family man. They economized to live on $3,500 per year, a sum he had lost many times on one hand of poker. And his lunch was a sandwich at his desk. In 1899 Horace fell violently ill with appendicitis. For seven days and nights, Baby Doe was constantly at his bedside. In his last words to Baby Doe he said, "Never let the Matchless go, if I die. It will make millions again when silver comes back." His death on the morning of April 10, 1899 left a huge hole in Baby Doe's heart and grief overcame her. With help from one loyal sister, she bought back the Matchless at a sheriff's sale in July 1901 and planned to move into the mine's old supply shack with her daughters. Her oldest daughter, Lillie (now grown) rebelled against this and ran away to Oshkosh disowning the Tabor name forever. Her youngest daughter was enthused at the thought of becoming rich again and stayed at the mine until she left for Chicago to seek a writing career. Baby Doe was only 45 years old when Horace died, and still having her beauty and energy, could have remarried, but chose instead to seek the fortune Horace promised her was in the Matchless. She lived out her days as a recluse, dressing in a tattered black skirt, black shirt and black shoelace tied in little knots as a necklace around her neck. Fortune never returned. She lived alone in the tiny one-room ruined shack until 1935 when, at age 81, she ran out of firewood during a long blizzard and was found frozen to death two weeks later on the floor of her shack.
Matchless mine is now a summertime Leadville tourist attraction. The historic Tabor Grand Opera House in Denver was demolished in 1964. The Tabor Opera House in Leadville is currently seeking funds to restore it as a historical site. The original Tabor general store has been moved from Buckskin Joe, CO to the Bucksin Joe Theme Park near Canyon City, CO.
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Steer Clear of IRS Scams |
At last count, more than 1,0000 scams are in circulation pertaining to the IRS. Some have been around for years, yet still find victims. Here are a few simple rules to avoid being scammed:
· The only genuine IRS website is www.irs.gov. If any link takes you to a page that isn't on this site, then you are not visiting the IRS website. (You should only type www.irs.gov into your browser yourself and not get there by clicking a link.)
· The only emails the IRS sends out concern general newsletters, events and that sort of thing. It never asks for financial information or discusses anything related to individual tax accounts by email.
· The IRS never asks for PIN numbers, passwords or other confidential information for any reason or by any method - not even face-to-face.
· Tax refunds are claimed through filing an annual tax return, not a separate application form.
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As a Mazon client, will you provide my customers with replacement invoices? |

Yes, we will fax or email a replacement invoice to your customer as requested by you or your customer. This is a quick and easy process for Mazon as all client invoices are stored online, and it takes only a few minutes to retrieve and send replacement invoices. There is no additional cost to clients for this service.
If you would like to find out more about our factoring services for your business and/or apply for an account with Mazon Associates, please phone us at 972-554-6967 (toll-free 800-442-2740) or visit our website www.mazon.com.
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The Truth About Persistence |
Persistence is often described as the ultimate key to success, but what most people don't realize is that there are three different types of persistence: (1) Blind Persistence, (2) Random Persistence and (3) Planned Persistence.
Imagine for a moment that you are standing in front of a safe containing 10 million dollars. The safe has a 4-digit combination lock and, if you can find the right combination within 24 hours, you can claim the 10 million dollars as your own.
The blind persistence approach is to decide that you know for a fact that the combination is "7318" and to spend the next 24 hours entering this same combination and trying to open the door.
The random persistence approach is to try different combinations at random and hope that you get lucky. The problem with this approach is that after a few attempts, you won't remember which combinations you've tried and which you haven't.
The planned persistence approach is to start with "0000" and then try "0001", "0002", "0003" . . . until you reach the right combination. If you enter one combination every 8 seconds, it will take you just over 22 hours to try every combination possible. This approach, therefore, guarantees you success.
As you can see, blind persistence and random persistence rarely lead to success. The key to achieving your most important life goals is to learn to use planned persistence.
Here's a real world example: Rob is trying to attract more customers to his automotive repair business.
Blind Persistence: He decides to put an A-frame sign in front of his shop and waits for the customers to come through the door. Nothing happens . . . . He waits for three long weeks before realizing that his approach isn't working.
Random Persistence: His next approach is to try as many random marketing techniques as he can think of. He drops flyers into mail boxes, puts an ad in the newspaper and has a glossy brochure printed. He gets a few more customers but doesn't know where they're coming from.
Planned Persistence: Finally, Rob decides to sit down and think things through. He decides to run another ad in the newspaper and to monitor his results by asking every new customer how they found him. After three weeks, his results show that only one customer came from his newspaper ad while 12 customers came in as a result of his mail box flyers. He therefore decides not to advertise in the newspaper and puts the money he saves into expanding his mail box flyer campaign. Rob is now using planned persistence and is on his way to achieving his goal of building a profitable business.
Action Steps:
(1) Decide on your goal and stick with it.
(2) Understand that to achieve your goal you need to use planned persistence which involves carefully planned experimentation.
(3) Create a written plan of action of things to try.
(4) Try different techniques and monitor your results carefully.
(5) Discard what doesn't work and move on to your next experiment until you find the combination that unlocks your dreams.
(Reprinted with permission from Dr. Anthony Fernando, www.anthonyfernando.com)
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Taxpayer Information from the IRS |
Taxpayers will have until Monday, April 18 to file their 2010 tax returns and pay any tax due because Emancipation Day, a holiday observed in the District of Columbia, falls this year on Friday, April 15. By law, District of Columbia holidays impact tax deadlines in the same way that federal holidays do; therefore, all taxpayers will have three extra days to file this year. Taxpayers requesting an extension will have until Oct. 17 to file their 2010 tax returns.
The IRS expects to receive more than 140 million individual tax returns this year, with most of those being filed by the April 18 deadline.
The IRS also cautioned taxpayers with foreign accounts to properly report income from these accounts and file the appropriate forms on time to avoid stiff penalties.
"The IRS has made important strides at stopping tax avoidance using offshore accounts," said IRS Commissioner Doug Shulman. "We continue to focus on offshore tax compliance and people with offshore accounts need to pay taxes on income from those accounts."
The IRS also reminded tax professionals preparing returns for a fee that this is the first year that they must have a Preparer Tax Identification Number (PTIN). Tax return preparers should register immediately using the new PTIN sign-up system available through www.irs.gov/taxpros.
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Product Recalls and Alerts |
The following recent recalls were issued by the U.S. Consumer Product Safety Commission. More details on these products can be found at www.cpsc.gov. Pool Safety Vacuum Release System (Mfg/Dist: Vacless Systems, Sylmar, CA); LED Night Lights (Imp: American Tack & Hardware (AmerTac), Saddle River, NJ); Hoover WindTunnel Canister Vacuums (Imp: Hoover, Glenwillow, OH); Lasko Portable Electric Heater (Mfg: Lasko Products, West Chester, PA); Air Compressors (Mfg: DeVilbiss Air Power Co., Jackson TN); Convertible Clothes Iron (Dist: Sunbeam Products, Boca Raton, FL); BT SA-17 Paintball Gun/Marker (KEE Action Sports, Sewell, NJ); Cachet Swivel Chairs (Steelcase, Grand Rapids, MI); Propane (LP) Gas sold in portable cylinders and delivered to storage tanks (Mfg: Aux Sable Liquid Products, Morris, IL); NESCO American Harvest Gardenmaster Food Dehydrator (Mfg: The Metal Ware Corp., Two Rivers, WI); RUND Clear Glass Mugs (Dist: IKEA Home Furnishings, Conshohocken, PA); To report a dangerous product or a product-related injury, call CPSC's hotline at 800-638-2772. |
March 2011 Holidays, Observances, Celebrations and Events |
Mar. 2: Texas Independence Day, Read Across America Day; Dr. Suess Birthday; Mar. 3: National Anthem Day; Mar. 6: Alamo Day; Mar. 8: Fat Tuesday/Marti Gras; Mar. 10: Harriet Tubman Day; Mar. 11: Johnny Appleseed Day; Mar. 12: Employee Day; Girl Scout Day; Mar. 13: Daylight Saving Time Begins; Mar. 16: Freedom of Information Day, Liberty Day; Mar 17: St. Patricks Day, Camp Fire Boys & Girls Founders Day; Mar. 20: First Day of Spring; Mar. 27: Skyscraper Day; Mar. 30: Doctor's Day.
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Fun At Work |
Music is a fun tonic. Researchers at the University of Illinois have found that when workers listen to the music of their choice, their productivity improves, whether they are engaged in administrative tasks or more complex analytical work. What's more, tuned-in employees report feeling more enthusiastic and relaxed. (Source: San Francisco Examiner)
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Ten Things to Learn From the Story of Noah's Ark |

1) Don't miss the boat.
2) Remember that we are all in the same boat.
3) Plan ahead. It wasn't raining when Noah built the Ark.
4) Don't listen to critics; just get on with the job to be done.
5) Build your future on high ground.
6) For Safety's sake, always travel in pairs.
7) Speed isn't always an advantage. The snails were on board with the Cheetahs.
8) When you're stressed, float a while.
9) Remember, the Ark was built by amateurs; the Titanic by professionals.
10) No matter the storm, when you are with God, there's always a rainbow waiting.
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A Well-Planned Retirement |
Outside England's Bristol Zoo there is a parking lot for 150 cars and 8 buses. For 25 years, its parking fees were managed by a very pleasant attendant. The fees for cars were about $1.40 and about $7 for busses. Then one day, after 25 solid years of never missing a day of work, he just didn't show up. The Zoo Management called the City Council and asked them to send another parking attendant.
The Council did some research and replied that the parking lot was the Zoo's own responsibility. The Zoo advised the Council that the attendant was a City employee. The City Council responded that the lot attendant had never been on the City payroll. Meanwhile, sitting in his villa somewhere on the coast of Spain (or some such scenario), is a man who had apparently had a ticket machine installed completely on his own, and then had simply begun to show up every day, commencing to collect and keep the parking fees, estimated at about $560 per day - for 25 years. Assuming 7 days a week, this amounts to just over $7 million dollars! And no one even knows his name. |
Earn 10% Monthly Referral Fees! |
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Most of Mazon's clients have come to us through referrals of current and former clients. We rely heavily on word-of-mouth marketing to bring in new clients. Our monthly referral payment to you is 10% of our monthly factoring fee (determined at the time of client sign-up) and continues for as long as the business remains with Mazon Associates.
Potential clients include start-up businesses, high-growth businesses, undercapitalized businesses with historical operating losses, businesses with tax liens, turnaround situations. Other potential clients could be businesses who have been turned down for a bank loan and/or do not currently meet a bank's credit criteria; have delivered a service or product to other businesses and have invoices that can be independently verified; expresses cash flow problems and have a cash flow need; and/or companies expecting rapid growth. The potential client can be located in any of the 50 United States.
Prospects are usually businesses that are manufacturers, distributors and service companies. Traditionally, Mazon has had businesses in the following areas: advertising; apparel, courier/delivery services, environmental service companies; manufacturing; printing; start-up and early stage/growth companies; staffing companies; telecommunications; and transportation.
We do not accept businesses which have a majority of consumer receivables such as retail businesses, progress billings, third party pay medical receivables and certain construction-related businesses.
For more information on our referral program, please contact Lisa Mazon by telephone 972-554-6967 ext. 238 or 1-800-442-2740, or by email lisa@mazon.com
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(You are not required to be a Mazon client to refer a business and receive a referral fee!)
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 If you liked this issue of Building Bridges, please forward it to a friend. We invite you to share your newsletter thoughts with us. If you would like to submit an idea, article or joke for consideration in a future issue of Building Bridges, or just want to tell us how we are doing, please email our creator and editor, Linda Burson, at MazonNewsletter@Mazon.com.
Building Bridges carries no paid advertising. All articles, images and links are for our readers' knowledge and enjoyment only.
Mazon Associates, Inc. 600 W. Airport Fwy., Irving, TX 75062 P.O. Box 166858, Irving, TX 75016 Telephone: 972-554-6967 Toll Free: 800-442-2740 Fax: 972-554-0951 Business Hours: Mon.-Fri. 8:30 a.m. - 5:00 p.m.
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