The Manhattan, Kobos and Fine Liquors can be seen here.

I've seen a lot of fire hydrants in my life, but never one with a device like the one on top here.

[Here's another, from 1905. Details here. - Dave]

I think the original here was taken a block south of Gwendeanne's photo. Fine Liquors and Rooms are in the "Iron Building" on the SE corner of Harrison and 6th. The Kobos building across the street is now a parking lot (or was in 2009 when Google last drove by).

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For most of my drinking career first came the liquor then came the fine(s)

I never would have guessed that Grain Belt Beer, at this time anyway, had a distribution network that went as far as Colorado. And west of Denver at that! I thought it was strictly an upper Midwest brew, like (Jacob) Schmidt or Gluek.

you are in the right town if you want a drink or a meal.

The bar is now called the Manhattan Bar. The building has some different architectural detail, but I'm positive it's the same building. The town is still old, some refurbished, but really, not too much going on.
I took a photo of it last year.
https://flic.kr/p/gxY2hX

When I went to try to locate what intersection this was, I learned that the Carlton Tunnel collapsed in 1943 (two short years after this photo was taken), with the end result being the decommissioning of Colorado Route 104.

"SH 104 is an original 1920s highway, and went from SH 82 at Basalt, east via the Fryingpan River to Meredith, through the Carlton Tunnel (toll), to US 24 at Leadville. There was a tunnel collapse in 1943, and SH 104 was decommissioned by 1950."

http://www.mesalek.com/colo/r100-119.html