Show FAMOUS MINE FEUD SETTLED The longstanding legal feud bc the Glenallen Mining corn com any time one owner of a group of mining claims in the East Park City district and the Park Galena Mm ing ng company company-a a feud whose history has as been marked by fist fights riots a fatal shooting affray and lawsuits almost Innumerable Innumerable has has been set tied ted and tIe the property is to paz pass peacefully into new hands Under the terms of the settlement it t is ls understood that Philip GReyn olds Ids representing prominent operators oper has acquired two options cove cov ring ering the entire property In dispute One option Is from the tho company the other from the New Park ark Mining company a Ion tion of the Park Galena Star of Utah anti and Mayflower companies foit its ts rights In the original holdings New Companies Planned As a result of the settlement It I 11 reliably reported two now compa nies will be formed One to bal bG known mown as the Gold Mm- Mm ing ng company and to be controlled by the tho New Nw Park Mining company will vill take over and operate the properties prop formerly In dispute between he the Glenallen company and the Park Galena Salena company The other to bo be known mown as the Lookout Mountain Mining fining company and to be controlled con con- trolled rolled by the Interests represented by y Mr Reynolds eynolds will operate tam aln claims acquired from the New Park Mining company and other companies Operation of this group of claims will bo be made possible through agreement with the New Park sark Mining company for use of its ita Star of Utah tunnel In addition to receiving a controlling con con- trolling rolling interest In the new pa a Gold Cold Mining company the New Newark Park ark Mining company will receive cash and shares In the Lookout Mountain Mining company Stockholders in the tho Glenallen company corn com pany will receive payment In stock of the company Action Ratified The option of sale salo by the Glen allen alien company was unanimously ratified Tuesday at a special meeting meet ing of stockholders at which 1500 of the company's shares of stock were represented This completed the virtual sale to Mr Reynolds by all groups Involved a directors of the tho New Park Mining company had already ratified their part in the deal It Is understood that the options contain mutual stipulations to dismiss dis miss all pending litigation and to cancel judgment In favor of the Park Galena Mining company for or approximately which represents represents payment of mortgage taxes and other real estate liens Hens owned by Glenallen and paid by Park Galena during the years years-it held and operated oper the Mild H H. now of San Francisco Francisco Fran Fran- cisco but formerly of Salt Lake City who has been president of the tho company during the years of litigation has been In Salt Lake City for several weeks assisting the tho present DeVine Howell Stine of Ogden In completing corn com the negotiations Long Record of Litigation The struggle now ended grew out of discord In the Glenallen company 10 years ago and the organization of a new company the Park Galena by a group of Glenallen ers els Since that time legal battles have been waged unceasingly In the district courts of Salt Lake Weber and Wasatch counties with occasional occa ocea- excursions to the state su- su And the United States district court in Salt Lake City Before litigation halted operations by the Park Galena company in 1629 1929 the Park Glenallen-Park Galena Calena mine is is' said to have shipped worth of ore from a single ore shoot Settlement of the old controversy clears the way for immediate re resumption re- re of operations operations operations-by by the tho Now Park Mining company through con control control of the tho company and by the Lockout Mountain Mining company through Its lease of the tha Star of Utah tunnel |