The Idaho Springs siftings-news., 1906-01-13
STRATToN COLD
LARGE GAIN IN ESTATE OF DEAD
MILLIONAIRE.
BIG PROFITS on PROPERTY

Report Of Trustees Shows Growing
Fund for Stratton home-Many
Lawyers We'll Paid-Litisation De-
lays Work.
Colorado Springs annual re-
port OF the Stratton estate from jan
uary !. 1905 to January l, 1906. has
been filed with the clerk of the County
Court. The total receipts for the year
were $344.111.56. less last years cash
balance of $40.44473. The total ex.
pendituyes were SECS. S01A4. leaving a
balance on hand OF s74.97O.12.
The most important item in the re-
port was that corroborating the report
published this morning that the
Stratton-C Cripple Creek Mining & De-
velopment Company. on December
30th, declared dividend of $50.000.
The rate was 2la mills on the issued
capital stock of 20.000,0o0 shares. the
estate receiving $i9,99S 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 respective attorneys: T. NJ. Pat
terson. r. f. Whitted and c. ].
Hughes. all Of Denver, $l2,5o0 each:
J. b. Bissell. Denver. $3.50; l.. NJ.
Goddard, Denver. s6,25o; l. n.
Stevens of Pueblo received $4,000,
McAllister 4 Candy of this city re.
ceived $4,000. and w. S. Morris OF
this city $1,000.
In addition there was paid durluG
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 l. lnterurban Railway Com.
pany. in addition to two payments OF
interest of sl2.5o0 each on the $500
900 worth of bonds held by the estate.
The Portland Gold Mining Company
paid the estate in four dividends the
sum of s1Sl,559sS, on the 505,333
shares held by the estate. The Aca.
cia Gold Mining Company paid sl.2le
in dividends to the estate, and the Dlt
lon company paid two dividends OF
$3.50 and $500 respectively. Stratton
independence Company. limited. PAID
on the 100 shares held by the estate
TWO dividends of $l1.54 and s1l.53 re-
spectively. Minor receipts in rents,
interest, etc, comprised the remainder
Jf the revenue during the year.
or the S269 9,sO144 expended, $l50060
was spent in purchasing from the Ex'
change National Bank of this city $50
81 900 bonds of the Colorado Springs Il
Interurban Railway Company. The
sum of 81 900 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 $50, 500 paid in
balances due legal advisers and the
$3.451.61 interest thereon. the largest
remaining expenditure was that OF w.
600 as premiums to four bonding COM
panies which are sureties for the three
execu. .ors. d. II. Rice and c. $. 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.