Butte semi-weekly miner., 1888-09-01
SETTLED Ar LAST.
me smokehouse Title in Process 3,
Amicabie settlement The Adv.n-
tages 70 Accrue From Ii. n NJ

Inc smokehouse Title in Pro.... q
Amicable Settlement The a.
tages % Accrue From ii. a
y. Il. Irvine, the real estate agent $.
IN q pleasant, communicative irama :, s,
.n,no last evening, as he has at last oh
.ained the deed in escrow from James I
murray and the other co-owners = -,
mining title on the Smokehouse cla;r - -
"nicn ne and other gentlemen have bssr,
working for the last several months IT, M.
lneans, as every one in Butte knows ~
nnal settlement Of the legal controrassss 80
between Murray ct al. and the owners -
'ns surface or city title. The suit now
pending In the Supreme Court Of the IJn;,ea
S.ases VIII be withdrawn and there will ~
toager ~ pe any cloud on the title OF real es.
The negotiations were made public wb;l..
~ ~ plogIess some weeks ago, and came near
T,, ye.nE sulnmarly cut short in consequences.
The MINER had been aware 81 rbes, t.rss,
tneir inception, but on the assura nee tbat
any aiiusion to them would endapper their
success, reirained from making any nnt,il
ohe time came when it could Announce that
eney nad passed beyond the realm az con.
iecSure ana become an accomplished fart
fortunately, the premature publication "a
q portion OF the facts exercised no serions
interruption to the negotiations, though for
time it looked as If the suit would have
to go on. =
In reply to questions yesterday Mr..
irvine made the following statement. nIn
tn first place, knowing that Mr.. Mrrrau
was the most serious obstacle in the settle.
ment OF these titles, eet about and suc.
ceeded in getting bond from him for his
interest Tor sixty days. Then sought to
get all the other co-owners in the Smolx, :.
house to execute deed. This i failed 70
procure within the sixty days. This would
have been an excuse to Mr.. Murray To |
Withdraw his proposition. Icould not pay
him his price because these parties who
were willing to pay for their title could not |
40 80 asl could not guarantee them q title. |
was wasnotdiscouraged, however, but worked /
on and finally got all the co-owners "a |
deed TO us conditionally all but two very
small interests, the representatives OF which |
are in Nevada or California at present. /
That much was accomplished two weeks
ago. Then went to see Mr. Murray to
ind ii he would stand by his agreement. al
though 1t had expired, and he has been put
ing us off until this morning, when he came
n and executed deed in escrow to me.
The deed is in Hoge, Brownlee q Co. g bank.
The deeds from the other eo-owners are in
he hands of Mr.. James Forbis.n
The entire Smokehouse title, according to
DR.. Irvine is now in his hands. ANY one
Vho owns q lot on that claim has only to
o to hinH, pay into the bank the assess
nent Tor his lot, which has been decided on
y COMMITTEES appointed by the citizens
whiDg surface lots on the SmokehouseI
lain, then Mr.. Irvine conveys to him the
mining title and he becomes possessed OF q
lear title. But it is necessary that a GER
ain amount OF the purchase money shall
e deposited In bank first, in order to as
ure the owners OF the mining title that the
alance is certain to be paid. IL
After Mr.. Murray's bond ran out he
cted with liberality. He had the legal ad. ,
antages all through, aud, with his attor-
eys confident oil a successful issue in the
nd, he had every reason to believe himself i
ertain to win in the end. But that end
Tould be a long way off if left to legal ,
1ethods to secure and his concession ,
mounts to taking a smaller sum now in :
tead OF playing waiting game for larger !
mount. 1t is simple justice to him to
tate. on the assurance OF Mr.. Irvine, that :
q has done this in the interest OF the city, ],
o see it grow.
1t is incumbent on the owners OF the sur. !
argain and securing their titles without :
he least delay. By doing SO at once, they !
ill enhance the value OF their real es-
ate incidentally. With the title to
he best business part OF the city re-
loved, an immediate Improvement OF
he real estate market can becounted upon
ith certainty. Substantial buildings will 2
AXE the place OF the temporary structures b
+ present visible on the business thorough v
res and transactions in real estate will .
egin. The iifeless condition of the real
,tate market will inc .itably give way to
ctivity and healthy condition of bar v
lin and sale ensue. It will be reasonable v
, anticipate among the first results of this II
,ttlement the commencement of that long q
anted and much needed hotel, and the G
lances are that in place of one we shall II
bar OF several projected and begin q racoI
II completion.
Last night it was stated that Alderman
cDermott ia the man who is to step into
le breach and fill the long-'elt want. 1t
as reported that he has had plans pre-
ared for q three-story and fun basement
rick hotel. SO feet front by 1872 feet deep,
q the corner OF Wyoming and Broadway. L
he hotel, it is declared, is to contain fifty 4
rye sleeping rooms besides the Offices and I
5her apartments, and to be built with all
le latest improvements. The contracts 9
-e said to call for its completion by 8
1ristmas, and it was announced that the r
otel will be under the management of Mr.. i
c. Baker. who can be depended upon to
D justice to the concern when completed, !,
nd conduct it in first-class style. l