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The name of the town is derived from the punctuation mark. To quote from an 1831 letter, "Arrangements were made and a surveyor laid out the lots. When completed we wished to give it a name ... could not find one to suit. Finally, I took up an old dictionary and the first word I put my eyes on was 'colon'. Looking to see the definition ... a mark of punctuation indicating a pause almost as long as that of a period, we called it Colon."
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