The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1894-06-02
One Way OF Mining.

A decision of considerable interest in
Upper Peninsula mining circles was
rendered In Detroit court a few days
ago.
In 1872 Chas. F. Conrad, formerly Of
Dexter, now of this city, became min
ing pIospector in the Lake Superior
region and bought 440 acres Of land for
about $500. Soon after he placed this
land with other parties, Francis NJ.
Moore and Alfred P. Swineford of this
state, and Arnold Mcintyre, Of New York
state, with whom he formed the East
Saginaw Iron Co., and called this land
worth $3.50, 600, as the basis OF the stock
company. This has been an iron COM
pany in name only as no iron ere ever
having been developed or taken from the
lands, and no buildings erected on them.
The lands have been repeatedly sold for
taxes and are now worth, together with
other lands which the company bought
mold Mcintyre, of Ithaca, n. T.. about
thirteen years ago, Dwight Mcintyre, his
brother. took charge OF the estate, in
GLIDING the interest in the East Saginaw
Iron Co. He died little over year ago
having previously acquired the interest
of his brothers. estate in the iron com
panY in his own name. On the death of
Dwight Mcintyre, the Conrad family.
consisting of Charles f. Conrad and his
daughters and their husbands, secured a
controlling interest OF the stock. They
at Marquette and adjourned the meeting
to Detroit. At that meeting in this city
these different relatives comprising the
officers OF the company together with {.
f. Conrad, voted to him the sum OF $50,
900 for his services during the twenty
years of prospecting tours and his inter-
est IN the company's lands. 1t was dur
ing this period that Conrad developed in
his mine only, his gigantic railroad
schemes, from which he expected to re-
alize many millions. as recently shown in
in this case in the Detroit Free Press.
The company gave Conrad note for
$3.50, 900 made by his own daughters as
directors and officers and the note was
put in iudgdemeEt on default at Ann Ar
Dor. Execution was taken ou:andan asses
ment on the stock was made at IS per share
of S25. amounting to $50, 600 against the
Mcintyre estate, the wealthiest party
concerned In the company; $50, 900 against
y. NJ. Moore and $4,000 against A. p.
Swineford, who had already sold his en-
tire stock for So gold piece. 1t was to
sustain The collection OF this judgment.
amounting 10 all TO about Sl55, 900, that
this proceeding was brought. Temporary
injunctions had been issued by Judges
Reilly. Gartner, Hosmer and Fraser. and
the matter finally came up before Judge
Donavan OIL u motion TO perpetuate the
injunction.
This finding in substance is decree
for the compainants, Van Malta and
Ellsworth, for S775 for taxes paid by
Moore. Swineford and the Mcintyre estate
for Conrad Ia the sum Of 500 paid for
taxes and expenses since his settlement
made in 1881; a decree setting aside the
Si55,U00 judgdemeut, perpetnaIly enjoin-
inn the collection of the same, and direct
ing the receiver OF the East Saginaw Iron
Co. to sell the company's lands in Mar
quette county for the purpose Of paying
the above amounts. The court further
ordered that the parties named above,
who had advanced money for taxes, upon