The Ordway new era., 1906-01-12
STRATT0N COLD
LARGE GAIN IN ESTATE OF DEAD
MILLIONAIRE.
BIG PROFITS ON PROPERTY
Report Of Trustees Shows Growing
Fund for stratton Home-Many
Lawyers Well Paid-Litisa<ion De
LAYS Work.

Colorado Springs.-The annual re
port OF the Stratton estate from Jan.
uary ]. 1905 to January l. 1906. has
Deen hled with the clerk OF the County
Court. The total receipts for the year
were $3i4.77l.5G. less last years cash
balance OF 340.444.73. The total ex
penditures were $26ss01.44. leaving q
balance on hand OF $74,97O.12.
The most important item In the re-
port was that corroborating the report
published this morning that the
Stratton-Cripple Creek Mining & De
velopment Company. on December
goth. declared n dividend OF $4,000
The rate was 2l. mills on the issued
capital stock OF 2O,O0O.OOO shares. the
estate receiving S49.9sS on it's hold
ings OF 19.999.200 shares. The direc
tors OF the company personally hold
the remaining 500 shares.
Various attorneys OF the state re
ceived large sums for legal services.
The following amounts were paid to
the respective attorneys: r. NJ. Pat
terson, Il. T.. Whitted and G.. j.
Hughes, all OF Denver. $12.50O each:
J. Il. Bissell, Denver. $3.50; l.. NJ
Goddard. Denver. $6.250: I. N
Stevens of Pueblo received $4,000.
McAllister & Candy of this city re
ceived $4,000. and w. s. Morris oi
this city $4,000.
In addition there was paid during
the past year the sum OF $3.45l,6l,
eight per cent interest on the balances
due the attorneys. from July IL, 1904,
to January 16, 1905.
or the receipts there were two divi.
dends of $4,000 from the Colorado
Springs & Interurban Railway Com
pany. In addition to two payments OF
interest OF sl2.500 each on the $780,
900 worth of bonds held by the estate.
The Portland Gold Mining Company
paid the estate in four dividends the
sum OF s1sl.559.SS. on the 505.33a
shares held by the estate. The Acie
cia Gold Mining Company paid $1.2l0
in dividends to the estate. and the Dill.
lon company paid two dividends oil
$3.50 and $500 respectively. Stratton's
Independence Company. limited, paid
on the 100 shares held by the estate
two dividends of $11.54 and $11.55 re.
spectively. Minor receipts in rents.
interest, etc. comprised the remainder
of The revenue during the year.
or TIE S2G9. sol "A expended. $150.000
was spent In purchasing from the Ex-
change National Bank of this city $50
81 900 bonds Of the Colorado Springs &
Interurban Railway Company. The
sum of $1,000 was expended in settling
the claim of J. d. Belford of Denver.
who secured a judgment of $4,000 and
costs In the District Court for legal
services to the late w. S. Stratton.
This was the only lawsuit settled by
the executors.
In addition to the sS2,500 paid in
balances due legal advisers and the
s3,451.6l interest thereon. the largest
remaining expenditure was that of $12.-
900 as premiums to four bonding COM
panies which are sureties for the three
executors, ID. II. Rice and c. s. Cham
berlain of this city, and Tyson S. Dimes
of Denver Mr.. Chamberlain also drew
$4,000 on account of executors fees.
Minor claims which had. been approved
by the court. salaries. and other miscel-
laneous expenses comprised the re-
mainder of the report.
No information can be secured re-
garding the erection of the Myron
Stratton Home. which was planned by
the late w. s. Stratton. and to build
which he left the bulk of the vast es-
tate. Certain litigation pending must
be cleared away and the estate then
will be gradually transformed into
cash. before the construction OF the
home is begun.