Idaho Springs siftings., 1902-07-05

Injunction Dissolved on Upon Condition
That ali Indebtedness Be Paid.
The differences existing between Fran
els l.. Burton, representing the Kokomo-
Pioneer Mining company and creditors,
among whom might be mentioned the
Lowell Hardware company, have all been
settled.
Some time ago the Lowell Hardware
| company secured attachment papers and
/ took possession of the mill on the prop
erty under claim of indebtedess amount
/ ing in the neighborhood OF $1,000. Dep
uty Sheriff Fred Nelson was placed in
possession of the property and had a
seige of two weeks guarding the property.
In the meantime Burton made several
attempts to get it in his control, but was
unsuccessful. until he succeeded in get
ting out an injunction in the court at
Georgetown, He filed the usual bond
required in such cases, and then the
property was turned over to him. Last
week in the district court at Georgetown
the matter came up to have the injunc-
ton dissolved, but before arguments
commenced, several stockholders came
forth with the amount of money required
to pay off all theindebtedness.
1t is said that the company was in debt
TO the amount of nearly $4,000, and a
large sum of this was to men who had
been employed in the mines. They had
not received their wages for long time,
and were put off with the understanding
that all would turn out right.
Matters took such turn that many of
the men had given up all hope of ever
receiving their salary and when the an
nouncement was made last week in court
that the full amount of Indebtedness
would be paid, there was general rejoic-
ing.
The history of the case is long and
complicated one. 1t seems that there are
two factions to the controversy, one side
being in favor of paying up all Claims, on
condition that Manager Burton be re-
moved. The other side insisted that Mr.
Burton should be retained as manager,
and there the fight hinged. Neither side
would give in, and the matter hung fire
for several months.
1t has not been learned which side won
out. The opposition to Burton claim
that they won the victory, alleging that
they put up the money for the payment
of the outstanding Indebtedness.
On the other hand the Burton people
say that they have control of the situa-
ton. At any rate Mr.. Burton is in pos
session of the premises and has promised
that he will remain there.
Where the matter will end is not
known. At any rate every one is glad
that the financial difficulties have been
settled. for no one likes to see the poor
miner suffer.
The Kokomo- Pioneer company is the
owner of some very rich properties.
They are situated in the Dumont mining
district, and are some ofthe oldest worked
nroperties III Clear Greek county. In
former years the Kokomo-Pioneer mine
produced thousands and thousands of
dollars but was afterwards shut down.
During the last few months the manage
nent has been doing extensive develop
ment work, and it is expected that in the
near future large shipments will be made.
There is now on the property one OF
the best constructed and most economi-
cal mills in the Dumont district. 1t was
erected some time ago at a cost of $780,
900, but was shut down on account of
litigation.
The citizens of Dumont and the sur
rounding district are glad that the
troubles existing have come to an end,
and as result much work will be done
in the future.