The Grit-advocate., 1906-01-12
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-LitiQation De-
lays Work.

| Lawyers Well Paid-litiQatioN De-
lays Work.
Colorado Springs.-The annual re.
port OF the Stratton estate from jan
uary l, 1905 to January l, 1906, has
been filed with the clerk of the County
Court. The total receipts for the year
were $344,771.5G. less last years cash
balance of $4O.444.73. The total ex-
penditures were $2Ga. .sO144, leaving a
balance on hand of s74,97O12.
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
3Oth, declared a dividend OF $4,000.
The rate was 21a mills on the issued
capital stock of 2O,000,O0O shares. the
estate receiving s49,99S on its hold
ings of 19.999,2O0 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. ].
Hughes, all of Denver, $12,500 each !;
]. B. Bissell, Denver, $3.50; l.. NJ.
Goddard, Denver, $3.50; 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 during
the past year the sum of $3,451.61
eight per cent interest on the balances
due the attorneys, from July II, 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 505,3S3
shares held by the estate. The Aca-
cia Gold Mining Company paid $1,21O
in dividends to the estate, and the Dill
Ion company paid two dividends OF
$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.
OF the $269, ,SO1 IA 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 $1,000 was expended in settling
the claim OF ]. 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 $S2.500 paid in
balances due legal advisers and the
$3,45161 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 Of the
home is begun.