Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1901-03-18
BEAR GU[CH MINE
FINAL SrATEMLNT OF THE BUSH
ESTATE.
GREAT MINING BOOM COMING
Promise of the Greatest Gold Camp in
the State-Now Ready for
Prosperity.
Livingston, Mont, March IS, 1901.


The affairs Of Harry Bush have been
practically closed, by decree of the court
entered Friday morning. in which the
court practically determines the rights
Of the various parties to the funds in the
hands of Thomas Swindlehurst, assignee
of II. Bush. And in making this deter
NINA ton, it was in the nature of a COM
promise of settlement of the differences
of all the principal parties in interest
/ who were present and cOnsenting to the
decree.
! The attorneys representing a large
majority of the labor claimants and es-
pncialy those who represented a large
amount of labor claims have had under
discussion a compromise of settlement
for some weeks past, and an agreement
was finally reached Thursday between
the labor claimants, the First National
bank of Butte and the preferred creditors
which practically disposes of the whole
matter; giving to the First National
bank of Butte about 5000; to the as
signee $3.50. and TO John r. Smith. attor-
ney for the assignee $500, which practi-
caly disposes of all the funds in the
hands OF the assignee. This settlement
was consented to by r. l.. Clinton as at
tOrney for the First National bank of
Butte. the largest creditor of Mr.. Bush:
by H. H. POorman, HI. j. Miller J. A.
Savage and A. p. Stark representing
various labor claimants and creditors.
This settlement means much to Park
county and the people of Jardine and
vicinity. as plans have been perfected
which will lead to the immediate re-
sumption of what is known as the Bush
properties and a strong company with
ample means has been organized to in
49, .y~sA-
tons of the property at Jardine and
mining engineers are now on the grounds
making examinations, preparing esti-
mates and getting proper information
preliminary to the proposed plan of OPP
Grafton.
Several examinations have been made
an reported and so far the showing is
very favorable to the properties in Bear
ulch. These showing fully warrant the
exploitation and development of the
mining properties situated in that camp
Rear Gulch has certainly a very bright
| future as a mining camp, and If Local
| people cooperate with the outside capt.
tai there is no reason why they Shouts
not have the most prosperous mining
camp in the state outside of Butte. which
will certainly be a great advantage to
; the people of Park county, and the vicin
The present settlement of the Difficult
; ties surrounding the Bush estate has
; been accomplished and the object O.
; bringing about the proposed develop
; ment of the Bear Gulch mines. which
this settlement has made it possible tt
; carry out. Whilst no parties have re-
}. ceived the full amount of their claims
: vet in the end it will certainly be to the
: best interests Of the entire community
> that the funds are distributed, as al
; PARTIES will receive considerable benef
: by the operatio of the properties
> whereas a continuation of the litigation
; would consume a large portion if no
> all of the funds in the hands of the as
; signee. no benefit accruing to anyone an,
: the different enterprises being tied un
> A further condition of the settlement
is that laboring men can now file will
Z the clerk of the court written state
; ment that they are willing to accept 5
per cen. Of the face value of their claim
9 adm receive immediate payment withou
further expense or delay.
Considerable satisfaction Is espresso
- by those directly interested in the Bus
estate over the assistance given by thei
\ local people, particularly the attorney
representing the labor claims. the as
signee and the attorney for the assigne
}. in facilitating the settlement by reducin
i, their costs and charges to minimu'
y amount. This amount is much less tina
8 would have been allowed by the cour
Those interested are much gratified b
the fair manner in which the First Ma
tional bank of Butte met the wishes
- the iitigants, thus making an equitab
y distribution Of all the funds availab
q and securing for everyone the best pos
o sible settlement.
3 The city marshal has made his repo
9 regarding the matter of connecting wit
x ten city sewer in accordance with Il