The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-12-15
COLORADO FILES
ANSWER IN SUIT
Mining Company Says Wilson
Disposed of Most of His
Holdings.
CITES SEVERAL TRANSFERS
ASSESSMENTS.
CITES SEVERAL TRANSFERS

An answer was filed yesterday in the
United States district court in the case
of Joseph L. Wilson against the Colo
RADIO Mining company. The defendant
alleges that the plaintiff, while at one
time entitled to and the holder of
stock of the company, disposed CT most
of this stock in various ways, ana tAs4
at this time he is not entitled TO any
of it,
Wilson was an old-time prospectOr
who was one of those who located the
Colorado properties in the Tintic dis
trict. At the beginning the ground did
not work well and Wilson went TO
Alaska t. try his fortune there. La
ter he returned and went to Arizona.
where he became aware, after many
years of Ignorance, of the fact that
a big strike had been made in the
Colorado. The further fact of cl'"-
ping from a Utah newspaper fell into
his hands and he discovered that he
was practically a millionaire. if the
courts sustained him in his conten-
tions. Wilson brought suit recently to
recover the humble of shares of stock
alleged to be his, and for dividends
paia since the organization of the COM
pany on the basis of s. a share.
Held Many Shares.
The answer admits that Wilson was
entitled at the time of the organization
Of the company to 1884 shares, but of
this number of shares ne disposed of
900 shares to the company, but the
company denies that Wilson is en-
titled to have issued to him 5S,S34 of
stock, for the reason. as set forth in
the answer tat he sold or transferred
his stock to other persons until he had
only a few more than a thousand left.
These shares were wiped out, accord
ing 10 the answer, in a duly advertised
sale, for the reason that the assess
ment had not been paid.
Articles Are Amended.
At a special Stockholders meeting the
capital stock was increased from 250,000
to 100000 shares. In his complaint
Wilson alleged that he had had no no
tiee of a meeting which took place on
March 90 1900. In the complaint the
date is fixed at March 80. The answer
says the company does not know
whether the plaintiff had notice of this
meeting or not, but alleges that it was
addressed to him through the mail and
already published in a daily newspaper
in Salt Lake. The defendant company
says it refused TO deliver the shares
Passed Around His Stock.
The manner in which Wilson is al
legged to have disposed OF the holdings
I'm Colorado are set forth in detail. One
item includes 5000 shares to st. Marks
hospital To DR.. w. Y. CroXall, the
doctor who attended him. he gave TO-,
900 shares. A further and pertinent al
legation is that on November Is, 1899,
Wilson delivered to George w. E. Dor
sey %, 900 in consideration of $3.50. Two
thousand shares were disposed of to
William ". Brown, ii is alleged.
A Cross Complaint.
The defendant alleges that the plain
tiff at the time Of the levy and later
on the date of sale owned only 1,134
which in the reorganization and under
amended articles, were subsequently
sold at public sale. The corporation
took the shares itself.
The transfer of the 10000 shares to
Dorsey is alleged TO have been made
by reason of the failure Of Wilson to
pay note.
The answer sets forth that the ill.,
crease of the capital stock did not af-
feet the company save in that the
shares were increased and made asses
sable, but it is denied by the Colorado
company that the value of the individ
ual shares held by any person were
increased in value.
The concluding paragraph of the an
sWer prays the court that the plaintiff
have nothing and that the defendant
cosfS