The Lamar register., 1906-01-10
STRATTON 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-Litisation De.
laws Work.


Colorado Springs-The annual re
port of the Stratton estate from Jan
uary l. 1905 to January /. 1906, has
been filed with the clerk of the County
Court. The total receipts for the year
were s344.771.56. less last years cash
balance of s40.444.73. The total ex-
penditures were $26a sol ~, leaving a
balance on hand of S74,97OI2
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
30th. declared dividend of $4,000.
The rate was 2ia mills on the issued
capital stock of 20,000.00O shares. the
ings of 19.999.20O shares. The direc
the remaining 500 shares.
Various attorneys of the state re
ceived large sums for legal services
The following amounts were paid tt
the respective attorneys: T. NJ. Pat
terson, L. E. Whitted and c. ].
Hughes. all of Denver. sl2,500 each;
]. B. Bissell, Denver, $3.50; J.. NJ.
Goddard, Denver. s6,250; /. n.
Stevens of Pueblo received $4,000.
McAllister & Candy of this city re-
ceived $4,000. and w. S. Morris of
this city $1,000.
In addition there was paid during
the past year the sum of $3,451.61.
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 s12.50O each on the $780,
600 worth of bonds held by the estate.
The Portland Gold Mining Company
paid the estate in four dividends the
sum of s1s1 ,559.Ss, on the 505,333
shares held by the estate. The Aca-
cia Gold Mining Company paid sl,210
in dividends to the estate. and the Dill
Ion company paid two dividends OF
$3.50 and $500 respectively. Strattons
Independence Company, limited. paid
on the 100 shares held by the estate
two dividends of s11.54 and s11.55 re-
spectively. Minor receipts in rents,
interest, etc, comprised the remainder
OF the revenue during the year.
or the s2G9. SOFIA expended. sl5O.OOO
was spent in purchasing from the Ex-
change National Bank of this city $50
Interurban Railway Company. The
sum of 81 600 was expended in settling
the claim of j. b. 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
SO. .4516l interest thereon. the largest
expenditure was that of s12.-
600 as premiums to four bonding COM
panies which are sureties fer the three
D. H. Rice and c. S. Cham
berlain of this city, and Tyson S, Dimes
of Denver. Mr.. Chamberlain also drew
80 900 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.