Daily Arizona silver belt., 1907-12-12
TRUST RECEIPTS
 WORTH SOMETHING
PEOPLE WHO HAVE BEEN HOLD, ING THOSE GIVEN BY OLD
 DOMINION WILL NOW
 REAP REWARD.

The recent suit cided at Boston il
 favor of the Old Dominion company ha.
 attracted considerable attention and fol
 the benefit of those who do not under
 stand the details the following is re
 printed from the Boston Financial
 News:
 When the deal was pending to unit, the Old Dominion and the United Glob, mines, Phelps, Dodge & Co. the own CTS of the latter did not care to be parties to any suit against Bigelow and Lewisohn and for this reason in the ex change of the stock of the Old Do. minion of New Jersey company for stock in the new company (the Old Do. minion of Maine) certain assets of the former were reserved and were repre-. sented by the issue to each stoekhold. CT of the New Jersey company. who exchanged this stock for that of the Maine company, of trust receipt car. rying the right to such assets as might accrue from the then pending suit.
 There were issued l50,000 of these re- eeipts which up to the present time have shown little value to the owner.
 It is the owners of these receipts who will receive whatever money may be recovered under the present deci. sion against Messrs. Bigelow and Levi. sohn after the payment of legal and other expenses.
 The present stock of the Old Domin- ion company traded in on the Boston Stock Exchange does not benefit in any way from the decision.
 Perhaps the circular issued in 1903 by the banking house which acted as fiscal agents for the Old Dominion com. pany may throw more light upon the subject and with that object We re- print a portion of it below.
 The last paragraph explains the or. igin of the trust receipts:
 "The stock of the Old Dominion com pany is to be increased from 100000 to 350,000 shares, par value $25.
 "The United Globe Mines is to trans fer all of its properties of every na. ture to the Old Dominion company and to pay into the treasury of the latter $350, ,O00 cash.
 "The Old Dominion company is to pay therefor 100000 shares of it's new stock, but the United Globe mines will immediately transfer to the Old Do. minion a number of shares, depending on the amount of supplies the latter company has on hand at the time of transfer, to be used as treasury stock. The number of shares to be turned into the Old Dominion's treasury for work. ing capital will be about 65,000.
 "The Old Dominion company shall have the right to distribute among its of record of date of anal. gamation all of it's assets, slags, ma. chinery, tools and fixtures, used or to be used in connection with its mine, and it's furniture and supplies; subject, however, to certain of its outstanding debts, It is proposed that this prop. erty should be transferred to trustee for the stockholders or to new cor poration, and that the stockholders shall be given, in addition to their original shares of stock, negotiable certificates their interest in same, on of the temporary receipts is- sued by the National Shawmut bank, when the plan is deealred operative
 Judge Sheldon of the supreme court issued two precepts whereby the prop. 'rty and goods of A. S. Bigelow can be attached in the sum of $l,750,000, the same to be held pending fnad judgment, if any, against NIT. Bigelow in the suit brought by the Old Dominion Mining md Smelling company.