| Show COLORADO FILES ANSWER IN SUIT Mining Company Comp ny Says Wilson Disposed of Most of His Holdings CITES SEVERAL TRANSFERS SAYS SA YS BALANCE WAS SOLD FOR j ASSESSMENTS An answer was filed yesterday In the United States district court in th the case of Joseph L Wilson against the Colo Cob Colorado Colorado rado Mining company The defendant alleges that the plaintiff while w Ue at one onetime onetime onetime time entitled to and the holder of stock of the company disposed ct cf roost of this stock in various way ways an tt 4 at this time he ho is not entitled to any I of otiL it Wilson was an prospector who was one ond on of ot those who located the Colorado properties in the Tintic dis die district district dietrict At the beginning the ground did not work well and Wilson VIlson went to Alaska to tt try his fortune there La Lator Lator Lator tor ho he returned and went to Arizona where he became aware after many years of ignorance of the fact that thata a big biff bl strike had hd h d been made in the Colorado The further fact of a cl el ping from a Utah newspaper feM fell fe l Into his hands and he lie discovered that he was practically a millionaire if the courts sustained him In his conten contentions contentions contentions Wilson brought suit recently to recover the numbe of of stock alleged to be his and for dividends palo pain aie since the organization of the com corn company company pany on the basis of oC 3 a share shaIe Held Many Shares The answer admits that Wilson was as entitled at the time lime of the thc organization m of the company to shares snares but of this number of shares ne disposed of i 1 shares to the company but the company denies that Wilson Is en entitled entitled entitled titled to have issued to him of stock stack for the reason as set forth In Inthe inthe Inthe the answer that tuat 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 according according accordIng ing to the answer In a duly advertised sale for the reason that the assess assessment assessment assessment ment had not been paid Articles Are Amended At Ata ta a special stockholders meeting the capital stock was increased from to shares In his complaint Wilson alleged that he had had no no notice notice notice tice of a meeting which took place on March farch 20 1900 In the complaint the date late is fixed at March 30 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 man mall and already published In a daily newspaper I in Salt Lake The defendant company says it refused to deliver the shares to Wilson when he demanded them Passed Around His Stock The manner in which Wilson Is al ai alleged alleged to have disposed of the holdings In Colorado are set forth in detail One item includes shares to St SL Marks hospital To Dr W Y Croxall the doctor who attended him he gave 10 shares A further and pertinent al ai allegation allegation legation is that on November 15 1899 Wilson delivered to George W V E Dor Dorsey Dorsey sey soy in consideration of Two thousand shares were disposed of to William W Brown it is alleged A Cross Complaint The defendant alleges that the plain plaintiff plaIntiff tiff at the time of ot the levy and later on the date of sale owned only 1134 which in the reorganization and under amended articles were subsequently sold at public sale The corporation took the shares Itself The transfer of the shares to Dorsey Is alleged to have been made by reason of at the failure of WIlson VIlbOn to pay a note The answer sets forth that the li ii crease of the capital stock did not af affect teet the company save in that tho th shares were increased and made asses asse assessable assessable sable but it is denied by the Colorado company that the value alue of the individual Individual f ual shares held by any person were 4 Increased In value The concluding paragraph of the an answer answer answer prays the court that the th plaintiff have nothing and that the have costs |
