The Wilson times. [volume] (Wilson, N.C.) 1896-19??, 1910-06-28
A UNIQUE
settlement

nanza wheat rancher of Spokane, who
laid the foundation of his fortune with
a team of Missouri mules, and his
wife, formerly Emma V. Langford,
then an acknowledged belle of Aud
rain county, MISSOURI, have just en-
tered into an unique settlement and
agreement for handling their commu
nifty property, following Mrs. Hunt
leys application in the Spokane coun-
" superior court for a divorce, charg-
ing that Huntley was close in money
matters with his wife and family.
Huntley will be manager under con-
tract for 20 years at salary, includ-
| ing Office expenses, not to exceed S3,
eco a year, of the Huntley Investment
company, capitalized for S1,20O,OO0 and
incorporated in the state of Washing
ton and Spokane county. The life OF
the corporation is so years. One hun
dred thousand dollars of the capital
stock will be issued to HuntIey, the
same amount to Mrs. Huntley and to
each of their ten children. Provis-
lens are made against the division
distribution or dissolution of the es-
tate. The first trustees are William
Huntley, Jesse B. Huntley, the eld
est son, and Edwin T. Conan, pres1-
dent of the Exchange National 81
OF Spokane, a friend of the family.
Other children may become trustees
as they attain their majority. The
! Mechanics Loan e Trust Company
has been appointed trustee for the mi
nor children.
The revenue from the property,
which includes stocks in banks, farms,
irrigation plants and mercantile es-
Establishments, is to be divided into II
equal parts, with the special provision
that Mrs. Huntley's income shall not
be less than $500 a month for herself
and $1,OO a year for each of the seven
minor children, of which she will have
custody. The three adult children
will receive one-twelfth of the earn
ings. It is also provided that the
company shall purchase a residence
in Spokane for Mrs. Huntley at a
cost not to exceed $4,000 to be used
by her during her lifetime.
The cornoratiop aoroac to nav all
: the debts and assume all the liabili
ties of the community now outstand
ing. In the case of death of either O:
the principals or any of the children
during the period of the 2O-year pool
ing agreement, the trust agreemenl
shall remain undisturbed, the hus
band or wife to have the individual
agreement shall remain undisturbed
the husband or wife to have the indi
vidual privilege of disposing of theil
respective interests subject to that
agreement, the interests of any child
leaving a direct descendant or de
scendants passing to such issue. liz
ing no issue the stock set aside will
become the property of the corpora
ton to be shared by the remaining
members.
p Huntley and his wife came to east
e ern Washington twenty-six years age
2 from Audrain county, Mo-, where they
2 were married in 1882 and pre-emptec
e | claim near Endicott, afterward TAX
e ing up homestead. He first engaged
!. in the horse and live stock business
in which he was successful, and then
became a bonane wheat farmer, one
2 of his holdings being ranch Of 8,
e 600 acres. He was one of the most ex
+ tensive wheat growers in the Palouse
i country for years and made fortune
d Coming. to Spokane in 1902 iduntley
expanded his operations taking VI
: mining and irrigation operations and
: afterward joined with edwin T. Co
= man and Lillis F. Smith in the Elk
z change National Bank, Of Spokane
Z buying Charles Sweeneys interest
: which gave the trio con ol Of the 81.
100000 concern. He also owns a nun
Iter of town mill sites in various parts
lof the Inland Empire.
i Twelve children wers born to Mr.
r end Mrs. Huntley. Ten are living
5 ICne of the daughters, Grssa Lorena. Is
d 1.-THE wife OF Ira; Hunt, Of Spokane. ths
gl2ther chill rem liyirg with MS Hunt
: !