Gilpin observer., 1906-01-11
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-Litigation Dc.
LAYS Work.

Lawyers Well Paid-Litisation Do.
lays Work.
Colorado Springs.-The annual re-
port Of the Stratton estate from jan
uary l, 1905 to January 1, 1906. has
been filed with the clerk of the County
Court. The total receipts for the year
were $344,771.56, less last years cash
balance of $40.444.73. The total ex-
penditures were $26e. e.so1.44. leaving a
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 dividend OF O,OO0
capital stock of 20,000,000 shares. the
estate receiving $49,99S on it's hold.
ings of 19,999,20O 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: T. NJ. Pat.
terson, E. E. Whitted and c. J..
Hughes, all of Denver, $12,500 each;
]. B. Bissell, Denver, $3.50; l.. NJ.
Goddard, Denvc-. $6,250; l. N.
Stevens of Pueblo received $4,000,
McAllister & Candy of this city re.
ceived $4,000, and W. S. Morris Of
this city $4,000.
In addition there was paid curing
the past year the sum of $3,45161.
eight per cent interest on the balances
| due the attorneys. from July IL, 1904,
to January 16, 1905.
OF 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 $12,500 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 $181,559.88, on the 505,333
shares held by the estate. The Aca.
cia Gold Mining Company paid $1,210
in dividends to the estate, and the Dill.
Ion company paid two dividends OF
$3.50 and $500 respectively. Stratton' g
Independence Company, limited. paid
on the 100 shares held by the estate
two dividends of s11.54 and $11.55 re.
| spectively. Minor receipts in rents,
of the revenue during the year.
OF the $269, ,S01.44 expended. $3.50 900
| 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 81, 900 was expended in settling
the claim of ]. B. Belford Of Denver,
who secured q 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 $S2,500 paid in
balances due legal advisers and the
| $3,451.61 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, D. H. 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. 8. 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.