| Show CLAIMS s FORTUNE AS HIS SARt SARtI I Joseph Jos ph L Wilson Old Eureka Prospector Demands Hun Hundreds Hundreds Hundreds of Thousands INVOLVES RICH COLORADO TELLS INTERESTING ESTING STORY OF MINING INCORPORATION After five years ears of wandering Joseph JosephL L 4 Wilson an old Eureka prospector prospector has hM returned to Utah to claim a fortune of more than to which he lie says he is entitled Mr rr Wilson is now In Salt Lak Lake and has already employed lawyers lawers to Jo protect his interests He was one of ot the Incorporators of of the thu theold theold old Colorado Mining company and de declares dares cares that under the conditions by which the company obtained Its Us original hold Ings lags in the Tintic region he became owner of ot of the stock of t the company compan Half of this Interest he later sold to Colonel Coonel George W tt Yo E B Dorsey Dorso another of oC the incorporators of 0 the tho company ny and he gave away shares This left him owner of oooo shares In the old Colorado I company which would Vie Le equivalent to I shares In the new Colorado com corn company company pany and represent a alue value of Although Mr Wilson claims this large are fortune he ho is at present none too well supplied d with cash and la jg living in a II modest rooming house until he can gain possession of some of the wealth which according to his story Is rightly his own Tells Interesting Tale It Is an interesting tale of mining life which Wilson lison tells t lIs He went to Eureka Eurea many years ears ago and Is well known there R 11 G Wilson V lIson a pioneer hotel man of oC Eureka who Is now at the Cullen hotel knew Prospector Wilson well In the old days das and speaks highly of him The rhe prospector asserts that he discovered and located the four mining claims which aft afterwards afterwards afterwards became the property of the first Colorado company In consideration of ofa a certain amount of money and SO shares of stock Wilson deeded the claims to the company which was In Incorporated Incorporated Incorporated with a capital stock of 2 divided late into shares of a par value alue of Jl fl 1 each Under this arrangement ement Wil Wilson Wilson 11 son says he was entitled to of the stock Among the Incorporators of the com corn company company pany were Colonel Dorsey Dor e Albert Hagan Ilagan D S Spencer and Mr Wilson lIson After some time had passed passe Wilson sold Rold of his shares to Colonel Dorsey Dorse for a cash consideration At that time Colorado stock was selling considerably below bel w par and the t e prospector was as satisfied satI d with the comparatively small sum sum paid by Colonel Dorsey Dorse Moved by Gratitude Following this sale of son Bon was taken sick and was brought to Salt Lake for treatment He was nursed baki back tt to health at St Marks hospital and In his gratitude he says Sa s he presented the hospital with shares of Colorado stock and gave the attending physician the same amount This was WIlS because he had little ready rady r ady mousy money mOil C at the t e time and had no other way of showing his hla appreciation apprecIation elation of what had been done for him On leaving the hospital Wilson decided to go to Arizona on a prospecting trip He owned considerable property In the mining district but as the strike upon the ground he had discovered had hadnot hadnot hadnot not yet et been made he was sometimes sorely pressed for cash casts and concluded to try new fields It Is probable that some of his early faith In his discoveries had been shaken and that he had little hope of realizing r a fortune in the Tintic region At any rate he went to Arizona about five years ago locating at Globe While In the southern country he was kept busy exploring new fields and heard only faint taint rumors of how things were going in Utah While White he was away the old Colorado company was reorganized The new com corn company compan pany pan was capitalized at divided into shares at a par value of 1 Is Not Consulted Wilson claims calms that he was not con consulted consulted suited about the reorganization of the old company although he was one of the in incorporators Incorporators inCorporators and alleges that he signed no documents by which his Interests were ere merged Into the new concern Learning of the great strike on the Colorado ground and the sud sudden sudden sudden den leap heap In the value of the stock he ha says he ho came to the realization that he was or ought ou ht to be a rich man He Ha says he made a demand for the remainder of or the shares of stock allotted to him when he parted with his mining claims calms and an falling to get the shares he decided to come to Salt Lake to press his claim As soon as Wilson reached Salt Balt Lake ho he engaged enga ed King Burton King to rep represent represent represent resent him In the legal battle which will willbe willbe be waged to compel the Colorado company to acknowledge Wilsons claims Suit will be filed within a few tew days against the Colorado company to establish Wil Wit Wilsons WIlsons sons right to about shares of stock In the old Colorado company or their equivalent in the new company Both Judge Jud e Burton and Judge King were to discuss the case when asked alted about Wilson last night Wilson declares that when he sold shares to Colonel Colone Dorsey the stock was waB promptly Issued His title to the shares he says sas was undisputed It was tho the same he declares when he gave away the shares on his recovery from sickness Thought Interests Safe He Be explains that all aU the sto k t to which he lie was entitled on the formation of or the Colorado company compan was as not issued to him himat 4 at tt the time of incorporation because the shares were pooled for a stipulated length of time It was this pooling agreement he ho alleges which caused him to feel that his Interests were safe when he left for tor Arizona Tho name of ot Ernest Williams WIthams the t I Ie miss m missIng I IS ISIng ing manufacturers agent Is mentioned in connection with this deal as well wen as the deal How he figured In Inthe Inthe inthe the matter was not explained |
