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Show 'PAY 516.480 IH GOLD TO SETTLE LAWSUiT Sphinx and Round Mountain Moun-tain Mining Companies End Litigation. Ey the payment of $16,430 iu 420-gold 420-gold pieces, at GoldtielJ the last vestige ves-tige of litigation against the Bound Mountain Mining company has been wiped out and the corporation is now ready for a period of the greatest ac-tivitv. ac-tivitv. says the Tonopah Daily Bonanza. Bonan-za. The case in point was that of the Hound Mountain Sphinx Mining company com-pany against the l.'ound Mountain Mining Min-ing company, and the first company to"demonstrate the auriferous resources of that vallev which came as a legacy with tho settlement of the apex litigation litiga-tion through a hill for services rendered ren-dered bv P. Y. Carney and Detch & Carney as legal advisers of the Sphinx company. To secure this implied obligation tlie Bound Mountain company in reorganizing reorganiz-ing to absorb the sphinx set aside 30,-000 30,-000 shares of stock to meet any verdict ver-dict that might be rendered against the Sphinx. This was not adequate to liquidate the judgment and as an attachment at-tachment had been issued against the entire Bound Mountain holdings it was decided to wipe off the slate and make a clean start with the new company free from all entanglements. William Forinan was attorney for the Sphinx. Caruev had aitaihed 17.",i0" shares to secure his judgment and the collateral col-lateral had been advertised for sale in front of the courthouse when Attorney At-torney William l'ornian and Thomas T. Lynch of Tonnpah arrived. When these gentlemen learned that nothing had been done to secure payment in compliance with the promise of .1. P. Sweeney they persuaded Carney to postpone the sale until thev could see Sweeney and arrange for the liquidation liquida-tion of the judgment. This was all that prevented a forced sale of the collateral. |