The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-12-19
THEY LAW" AT CRIPPLE CREEK
Big Contest on Over the Right of Option on
Mine.

| 4HlO cOuTL 10 contest lot lilt I4SuL "
purchase certain properties in Cripple
| Creek, and the outlook is il will be
| fight to a finish As told in yesterdays
| Republican, these two leaders among
mining men, acting through agents,
| have each started out 10 get hold of the
| Plymouth Rock group on Iron Clad
Hill On December 2 Joseph Waterson,
a former resident of Leadville. ap-
| preached W. S. Alexander, a we'll
known newspaper man Of the camp,
with an offer to sell the property. Wat
son had authority to offer SOC, 900 shares
Of the company's stock at cents
share, and Alexander, believing he
knew where ne could place ii, took the
train that evening for Colorado Springs
10 present the proposition to w s.
Stratton- Tuesday morning, before
Alexander had returned, Watson pre-
scented the same offer to L. D. Roude-
bush and IL was accepted conditionally.
When Alexander returned with COM
mission to make cash offer for the
property Roundebush had received an
option on the stock requiring So, 900 TO be
deposited in the First National bank Is
part payment by Wednesday, SO 900 in
four and the remainder in six months.
On Wednesday the attorneys for
Roudebush discovered an commission in
Olle dDSIidCl dIu II TSqulTeQ ulLl ~
O'Clock to get the mistake rectifed.
When this was done the stockholders
and officers of the Plymouth oRck mott
fed Roudebush that unless his $1,000
was deposited by o'clock that after
noon the deal would be off and the sale
made to Srratton. After so notifying
Roudebush, the stockholders told Alex
ander that unless the money was in
bank at 3 O'Clock he could have an op-
ton extending forty-eight hours from
that time When the hour arrived the
officers Of the company were ait the
bank 10 demand q return of the stock
which had been placed in escrow, but
Cashier J. i. Lindsay was absent at
the time. At eight minutes after
o'clock, according TO the records, a tele-
gram came from Mr.. Moffat's bank in
Denver to the cashier of the First Ma
tional bank Of Cripple Creek depositing |
the necessary amount. This telegram |
was not delivered until about $3.50 and |
by that time the stockholders had de- |
clared the Moffat deal off and the STRAIT |
ton option in force. Accordingly on Fri |
day afternoon Mr.. Joy, Stratton's sec
rotary, made a tender of $1,000 to the |
stockholders Of the Plymouth Rock and |
offered TO pay the entire $4,000 in cash |
if 1t was desired. This the stockholders |
y
the directors of the company met and |
declared by resolution that none Of the |
conditions of the Roudebush option had |
been observed and the officers seemed |
disposed TO accept the Stratton option. |
Today the several stockholders We're |
with an injunction from Judge |
Lunt of the district court of FL Paso
restraining them from disposing |
of the stock The suit was brought by
Twice before the same property has
been sold at the same price on bonds
and afterwards reverted to the COM
pany. About year ago James @. !
O'Brien had it under $50, 900 bonds and |
several thousand dollars try
ing to make mine. The day before
Watson began negotiating forts sale
a bond for the same amount was sur
rendered by +. Z. Dickson and II. r.
Wolcott, who had expended $1,000 in
ninety days under Mr.. Watson's man
agemen{ before concluding they did not
want the property at the price.
The group consists of 20 acres Of pa
tented ground and adjoins the Summit
and Deer Horn, of which Mr.. Stratton
has recently secured control, and has
additional value in his estimation be-
cause Of proximity to those properties
IF the Gold Crater company. The owner
IF the Independence has outlined plan
IF developing the Summit and Deer
Horn on an extensive scale, and the
Plymouth Rock property could be in
GUIDED in that plan adVantageously /
He also considers that he was entitled
% buy the stock after the Roudebush |
option expired at o'clock on Thursday |
afternoon, and will insist upon that
light
Harry Leonard manager Of the Re- ,
1ecca company, today purchased the
Alice, on Raven HILL and the Aztec. on |
3eacon Hill. Neither price is made pub .
ic, but considerable cash was involved |
n bolh transactions. The Alice lies on
ne south slope of Raven and about
100 feet west of the Elkton. and was sold
~ John Klday. Maher Bros. and
drs. Doyle. Both are properties of
much promise and are pretty extensive
J developed. .
United, of London, represented in camp
" J. J. Weigher, has purchased three
laims on Mount Pisgah called the
california, Oregon and Highway. Lit ,
lie is known of the properties or OF the -
ompany, or in fact, of the district in =
Which they lie. 8
Ben Brewer and Nose Viancourt of
Denver have become associated with
'eter Eales in the lease on the Port
and hotel in Cripple Creek. and a stock I
ompany is to be organized by those
hree.
The usual excitement that comes =
'henever any excavation work is at =
ampted in the camp now attaches to :
ate discoveries made in grading down y
'ennett avenue and Fourth street in
= M l..
these thoroughfares are being cut
own through the solid granite and the y
-orkmen have disclosed two promising Z
'ok.ng veins. J. W. Aldred. an Aspsn :
ian, concluded the discovery was good :
anne and has put up stake claiming .
- mineral He has had assays as y
Ugh as SIS a ton from the rock \
w feet from where AIdred has made :
IS location a second force Of graders ]
r. at work in the street running along {
le side lines Of The lot the Gold Min =
y Stock exchange has purchased for
le site Of the exchange building. and I
ie more enthusiastic can see free gold / :
licking out from the vein filing The =
ad strikes into the exchange Iots.and =
hen the building Is put up the fourda- f.
on Will rest upon this vein - gold. v
. provision is made il the plans FOR "
shaft house annex 70 the call room :,
II IL Viii be some satisfaction 70 the h
'okers 20 think that should the sock e
lsiness fan of the association might sc
resolved into mining company and is
z play with shares give way % the Fe
OF bullion. a,
On the Anchoria-Lelsad compa ny's y
lcho-s $50 men are now employed IN :
? 400 foot vein and FIVE holsters are
epiDg everlaStingly a. II. raising the -
~ ere. A
A new system OF the sale OF proper u
: = coming iuco favor and / com