The Springfield herald., 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
lava Work

Lawyers Well Paid-Litigation De-
lays Work.
Colorado Springs.-The annual re-
port of the Stratton estate from Jan.
uary 1, 1905 to January /, 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 s40.444.73 The total ex-
penditures were $26a. sn1 "A, leaving a
balance on hand of $74,970.12.
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
30th, declared dividend of $4,000.
The rate was 2h mills on the issued
capital stock Of 2O.O0O,O0O shares, the
estate receiving $49,99S on its hold
ings of 19,999.2OO 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. L. Whitted and G. j..
Hughes, all of Denver. $l2,500 each;
J. b. Bissell. Denver, $3.50; l.. NJ.
Goddard. Denver, $6.25O; I. N.
Stevens of Pueblo received $4,000.
McAllister & Candy of this city re
this city $4,000.
In addition there was paid during
the past year the sum of $3,451.6l,
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 $1S1, ,559.SS, on the 5O5,333
shares held by the estate. The Aca-
cia Gold Mining Company paid $1,2l0
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 $11.54 and $l1.55 re-
spectively. Minor receipts in rents.
interest, ETC., comprised the remainder
of the revenue during the year.
was spent in purchasing from the ES-
change National Bank of this city $50
81 900 bonds of the Colorado Springs 4
Interurban Railway Company. The
sum of $1,000 was expended in settling
the claim of ]. b. Belford of Denver.
who secured 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 $S250O 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. 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 et the
home Is begun.