Coeur d'Alene evening press. (Coeur d'Alene, Idaho) 1907-1929, 1910-06-22
BUSINESS BEFORE
Being DIVORCED
Family Adopts Novel Way Of Main
tanning Fortune by Invest
ment Co.

and bonanza wheat rancher of Spo-
kane. who laid the foundation Of his
fortune with team Of Missouri
mules. and his wife, formerly Emma
V. Langford, then an acknowledged
belle Of Aadrain county, Mo-. have
just entered into unique settlement
and agreement for handling their
community properly. following Mrs.
HuntIey's application in the Spokane
county superior court for divorce,
charging that Huntley was close" in
money matters with his wife and
family
Huntley viii be manager under
contract for 20 years at salary, in
Guiding Office expenses. not to exceed
$4,000 year. Of the Huntley Invest
ment company, capitalized at ST.
200, 900 and incorporated in the state
of Washington and Spokane county.
The life OF the corporation is SO
years. One hundred thousand dol
lars OF the capital stock win be is
sued to Huntley, the same amount
going to Mrs. Huntley and to each Of
their 10 children. Provisions are
made against the division. distribu-
ton or dissolution of the estate. The
first trustees are william Huntley,
Jesse B. Huntley, the eldest son, and
Edwin T. Conan, president Of the
Exchange National bank of Spokane,
a friend of the family. Other chill
4 dren may become trustees as they at
tain their majority. The Mechanics
Loan & Trust company has been APP
pointed trustee for the minor chill
dren.
The revenue from the property,
which includes stocks in banks,
farms, irrigation plants and mercan-
tile establishments, Is to be divided
into ~ equal parts. with the special
provision that Mrs. Huntley's income
shall not be less than $500 a month
for herself and $1,000 a year for
each of the seven minor children, of
which she will have custody. The
three adult children will each re-
ceive one-twelfth of the earnings. 1t
is also provided that the company
shall purchase residence in Spo-
kane for Mrs. Huntley at cost not
to exceed $4,000, to be used by her
during her lifetime.
The corporation agrees to pay all
the debts and assumes all the liabili-
ties of the community now outstand-
ing. In the case of death of either
of the principals or any of the chill
dren during the period of the 40
year pooling agreement. the trust
agreement shall remain undisturbed,
the husband or wife to have the in
dividual privilege of disposing of their
respective interests subject to that
agreement, the interests of any child
leaving a direct descendant or des-
cendants passing to such issue. In
the evente of child dying and leav-
Ing no issue the stock set aside will
become the property of the corpora
ton to be shared by the remaining
members.
The principals expressly withhold
granting to the child any vested right
In the estate and reserve the right
to alter by unanimous agreement the
terms for It's distribution.
Huntley and his wife came to east
ern Washington 26 years ago from
Audrain county, Missouri, where they
were married in 1882, and preempt-
Cd claim near Endicott, afterward
taxing up homestead. He first en-
gagged in the horse and live stock
business. in which he was success
lul' and then became a bonanza
wheat farmer. one OF his holdings be-
ing ranch of 5000 acres. He was
one of the most extensive wheat
growers in the Palouse country for
years and made a fortune.
Coming to Spokane in 1902 Hunt
ley expanded his operations, taking
up mining and Irrigation operations
and afterward Joined with Edwin r..
Conan and Lillis F. Smith in the Ex-
change National bank OF Spokane.
buying Charles Sweeney's interest,
which gave the trio control OF the
$1,000, 900 concern. He also owns
number of town and milIsites in var
lous parts Of the Inland Empire.
Twelve children were born to Mr..
and Mrs. Huntley. Ten are living
One of the daughters. Grace Lorena.
Is the wife Of Ira Hunt Of Spokane,
the other children living with Mrs.
Huntley- They are: Jesse Blaine
Mabel Frances. Carl Raymond, Is
years; Lawrence Platt, IL years;
Euniee Leta. IA years: Elva Dean,
IL years: Emma Lilly, 10 years;