Salt Lake Times | 1890-04-10 | Page 5 | Compromised their Suit

COMPKOMISKD THEIR 611T. A :, OIIO.IIOO Alining Caae Amicably Settled and Taken Out of Court. A compromise lias been effected between be-tween the owners of the famous group of mines iu Tintie, district, formerly known as the Bullion-Beck and Champion Cham-pion and latterly as the California-Bul-lion-Beek. The amount involved in tho suit was about $2,000,000, but as a settlement set-tlement has been made the ease has becu taken out of court. The litigants agreed upon the. following conditions: I. The California Bullion-Beck Miu-ing Miu-ing company, or the California company, com-pany, transfer to the Bullion-Beck and Champion, or Utah company, all the mining properties which tho California company now owns; that Is, the group of mines known as the. Bullion-Beck in Tintie mining district. II. The California company surrender surren-der to the Utah company all tho stock of tho California corn pauy to be canceled. can-celed. III. The California company, that Is, Mr. Bndlam and ussoeiftties. receives one-fourth of the stock in 1 he Utah company, com-pany, to whom tho mines are conveyed; and tho Utah peoplo who have had possession pos-session of the mines, pay to Dir. Bad him aud associates one-fourth of the prolits which have accrued since last August, amounting to $20,000.