The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-12-01

while lnsolvent. commit an act Of
bankruptcy, in this.
First-That he transferred, with in
tent to defraud his creditors. certain
stock in the Bullion Beck company to
George Romney, who holds the stock,
the amount being unknown tc the
plaintiff, for the use of said John Beck.
Secondhand he transferred certain
stocks in the Bullion-Beck Tunnel COM
pany, and in the Buckeye Mining COM
pany TO George Romney, with intent to
prefer said Romney, a creditor, above
other creditors.
Third-That he had the Pacific Lum-
Der company purchase for his Drotec-
ton a Judgment against himself in
favor of one Iabocher, which was sat
isfied by q judgment taken against
Beck by the Pacific Lumber company,
and the said Labocher Judgment was
Illegally and fraudulently permitted to
remain a matter OF record for his pro-
lection against his creditors.
Fourth-That he permitted numerous
judgments to be taken with intent to
prefer the plaintiffs in such judgments
over other creditors, among which is
q judgment Of $T,S73.S0 in favor of A. A.
Stead, entered in Third judicial district
Salt Lake county, Nov. 3, 1898; also a
Judgment of $11,960 in favor Of A. j.
Taylor, entered Nov. 3, $685.
y II lclL lS COuGGdlGu anu permit
ted certain stock in the Bullion-Beck
mining company and the Northern Spy
Mining company and other stocks to
remain in the hands of John M. Cum
ningham to the injury of his creditors.
Wherefore the petitioners pray that
the said John Beck may be declared a
bankrupt and that a warrant may is
sue to take possession of his estate,
and that the same may be distributed
according to law, and that such further
proceedings may be had as justice may
demand upon proper showing being
made.
The plaintiffs are represented by W.
Z. Gunter.
A CHECKERED CAREER.
Mr.. Beck, once the owner Of many
mines and discoverer of the remarkable
Bullion-Beck mine, has been one of the
most notable and enterprising men Of
the state. although ill-starred financial
ly. He has been several times a mil
lionaire and as often has lost his all,
having known what poverty is. In
1870 he located claim upon the ground
at Eureka which afterwards developed
the Bullion-Beck. He worked under
every possible encouragement, but the
property gradually became valuable
and finally became the magnificent div
idend-payer which bears his name and
VI M11AGu ne MdS 1OIIlleElN pIGSl0S1L anu
manager, and principal owner.
He was vice president of the North
ern Spy company, and president of the
Buckeye Mining company. He owned
the Black Cloud, Iron Mine and four
fifths of the Crown Point mine adjoin-
ing the Bullion-Beck. He was inter
ested in the Trapper mine, Ketchum,
Ida, and the Prairie Basin claim near
Salmon City, Ida He was also inter
ested in the magnesla deposits near
Soda. Springs, Ida, and the claims of
the Utah Asphalt & Varnish company,
in Uintah county, and the Ashley Coal
Oil & Gilsonite company, Green Onyx
company, Utah Sugar company. He
owned the Saratoga Springs on Utah
lake near Lehi and Beck's Hot Springs,
north of the city.
LOST THE BEE HIVE HOUSE.
Mr.. Beck's investments in Salt Lake
City included the Bee Hive House
formerly the residence of Brigham
Toung-which he purchased in March,
1897 for 100000, paying a portion and
giving a mortgage for the balance. 1t
was his intention to have the historic
old mansion transformed into a beau
tiful residence, but financial reverses
brought on the foreclosure of the prop
erty. He formerly owned the De Col
yer House in East Waterloo, where he
made his home.
Mr.. Seek has been the victim of nu-
1nerous parasites, who bled him con-
tinually. Not only was he taken III on
many schemes, but his own misman-
agement and poor investments gradu-
ally drove him to the wall. His valu-
able mining stocks rapidly passed into
other and shreWder hands and mort
cages have been foreclosed one after
another upon his properties culminat-
ing in the recent foreclosure of Beck
Hot Springs.
1t is stated that Mr. Beck, during his
palmy days had the foresight to give
his wives and families large amounts,
and that they are at present well pro-
Vided for