The Elbert County tribune., 1906-01-11
STRATTON COLD
LARGE GAIN IN ESTATE OF DEAD
MILLIONAIRE.
BIG PROFITS ON PROPERTY
Report Of Trustees Shows Growing
Fund for Stratton Home-Man,
Lawyers Well Paid-Litigation De
lays Work.

|
lays Work.
Colorado Springs.-The annual re-
port of the Stratton estate from Jan
uary /. 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 1863. .sO1 "A, leaving a
balance on hand of S74,970.12
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
| Both, declared a dividend OF $4,000.
The rate was 21z mills on the issued
capital stock of 20,000.000 shares. the
estate receiving $49,998 on it's hold
ings of 19,999,200 shares. The -direc-
tors of the company personally hold
the remaining 800 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 G. J..
Hughes, all of Denver, 500 each;
]. B. Bissell. Denver, $3.50; L. NJ.
Goddard Denver. s6.25O: I. 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 $3,45l6l,
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 505,333
shares held by the estate The Aca-
ella Gold Mining Company paid s1.210
| 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 $3.50, ,801 "A expended. $780, 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 j. 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 $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.
4 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
i the late w. s. Stratton, and to build
| which he left the bulk of the vast es-
tate. Certain litigation pending must
J be cleared away and the estate then
will be gradually transformed into
cash, before the construction of the
/ home is begun.