The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-02-22
FILE CASH ACCOUNT
IN THE DAY ESTATE
INTERESTING ENTRIES
Payments Recall Famous Lit
gation---Give Insight Into
Large Mining Operations
INTERESTING ENTRIES
Asst DECEMBER Harry L. Day |

ana jerome j. Day executor
OF the estate of Eugene r. Day
deceased. filed an account show
ing the cash receipts and expenditure
in connection with the estate for tn
period of ten months, together witt
the necessary vouchers, for the infor
nation of the probate court. Obiec
ton was raised to certain features o
the account by attorneys for Agnes
Loretta Day. widow of the deceased
and following the final argument las
week the account was approved by
Probate Judge j. E. Sherrard. The
account is lengthy covering every de-
tail of receipts and expenditures. big
and little. The showing is interesting
as indicating the magnitude of the
estate, and particularly in giving an
insight to its ramification of interests
not directly connected with mining
yet acquired through successful min
ing operations as a base. Columns
would be required to give a complete
list of entries, and the Miner will con-
tent itself with giving few of those
involving large figures and in which
the public is naturally interested.
Cash on Hand at Time of Death.
Eugene R. Day died on February IL.
1922, and at that time he had in cash,
as shown by the statement of the ex-
ecutors of his estate $3SO,95S.S1, dis
tributed as follows: On deposit with
the Wallace Bank & Trust company,
1886. OS411; Exchange National Bank,
Spokane. $144OO25: Fidelity National
Bank Spokane $2114O; currency.
s25755. This substantial balance was
supplemented by payments on various
accounts during the succeeding
months The first in the list is $3.50
and covers the salary of the deceased
as general manager of the Hercules
Mining company for the first half of
the month of January. followed by a
similar payment for the last half, and
also a corresponding payment for Feb
ruary up to his death. From this it
appears that Mr. Day received from
the Hercules a salary of $500 per
month or $4,000 per year. On Sep
TENDER 1 the estate received $4,000
dividend from the Portland Hotel
company. On August IS a dividend
from the hercules of $4,000 was paid
in and he same amount was paid on
September 16, while on November II
two dividend payments are credited to
the Hercules, each for $4,000, making.
a total of $4,000 from the Hercules,
which resumed production in July af-
ter being closed down for more than
year.
Mrs. Smith Pays Up.
An item of more than passing in
terest is entered under date of July
II, being a check from Mrs. Sarah f
Smith for sf9,7S1.6O. being money ad-
vanced by deceased for expense of
litigation The litigation referred to
was the action brought by Mrs.
Smith. at the time a director of the
Hecla Mining company, and the de-
ceased. a Hecla stockholder, to prevent
the stockholders of Hecla from rati-
tying the agreement entered into by
the Hecla directors and the Bunker
Hill & Sullivan for the purchase and
operation of the Star mine.
Inc llSl tONtil6 lnCOlilt AulAuNCo
receipts from many sources and on as
many accounts, and includes teaming,
rents. refunds, sale of horses and We
hicles, sale of hay, butchered hogs, /
etc; also dividends from various con-
Germs in which the deceased was in
terested. including the Wallace Ma
tional Guarantee & Insurance com
ers and Smeltermen's Bank of North
port, the Shoshone Laundry company
and the Wallace Bank & Trust COM
pany.
Altogether the total cash received
by the executors of the estate amounts
to $42S,47s.SO.
Disbursements.
The first payment listed was on
May IS, when a check was drawn for
s275O in favor of Agnes Loretta Day, I
widow of the deceased, and this was
followed each month thereafter by |
check for $1,000 in favor of the widow !
There is a long list of payments on
various accounts. some of the more /
notable of which follow:
Jerome J. Day. fees and expense of |
legal services, $500; expense in con-
nection with estate s14s492; same,
sSO25.OS.
Income tax, s217S.7S.
j. L. Bruce, of Butte, witness in
HecIa- Bunker Hill litigation, s13Se.e7 !
Anglo & London-P Paris National |
bank, promissory note and interest, |
s16O,S2O.
Northport Smelling & Refining COM
pany salary and expense of employees |