Which error message is displayed when you hover over the code with the red underline?
Names Default to Here(1);
dt = Open( "$SAMPLE_DATA/Big Class.jmp" );
New Column( "Column 9",
Numeric,
Set Values( [1, 2, 3, 4, 5] )
);
New Column( "Column 10",
Expression,
Formula( Try( Column( :Column 9 ) ) )
)
no error:


If you don't want to retrieve the columns - but the value stored in the columns, use As column() instead of column():
robust column reference
... or add a row index to Column():
Column(col)[row()] or Column(col)[]
New Column( "Column 10b",
Character,
Formula( Try( Char( Column( :Column 9 )[Row()] ) ) )
)

Besides that,
- please ensure that the calculated value matches the modelling type of the column.
Columns 1 to 5 contain numbers and characters. This is why I added Char().
- Column(.) will fail and the column formula will terminate. So please check if there are missing indices in Column 9