Salt Lake Telegram | 1905-05-03 | Page 2 | Sons of Henry Burden Settle a 20-Year Fund

Lc:g Fight in Courts Is jit Liii En fed Ly Ccbprcnisc. - ' Made b7'Twottarncys.;' r;" , ' ! .;nt scheme to' deprive him of his full jna're of the rrr . Henry Burden I id In 1871.' l-i.l SI ' his concern be- 9. adjoint tu-r'n company, having I , j shares of tuoc lc, ; of which J. A-J'u. A-J'u. 2en held Jxares. X; Townsend urden 9S8 shares, and John P. Arts, later Tt -otrd as umpire, two i ires. ;It was alleged by one of the 1 1; rantsfthat Arta-always favored the ttl er. Thus the , bitter Htisatlon and Kn.Hy duarrel began wTaicn has Just tcn terrnlnatea. ' ; . - fl.enry. Bunien. father of the Misfits,'.' Mi-sfits,'.' was the Inventor of the hook-t.ed hook-t.ed spike used, on all railroads, but i sreatest achievement was the ma-f ma-f nlAe which makfs borseshoes. It was j rFj set' up In 1S34 and rjerfected In j I 57 - (: , :.'. - J ' 1 1 ' - - NEW YORK.' May, 3. After litigation litiga-tion in various courts extendlnf over a period of twenty years, the eons of the late Jlenry Burden of Troy. N. T., nyentor of a horseshoe machine and other devices from which he amassed a fortune, are reported to have settled their differences by compromise. - The plant at Troy alone is valued at $10.-000.000 $10.-000.000 and probably more than $100,000 In counsel fees and rourt. costs has been expended In "the fight among the heirs. ' ,'.. . It 4s said ; the compromise was brought about through the efforts of Robert -L. Cutting, counsel in this city for I. Townsend Burdeu. and of W11--Uam J. Roche at Albany, representing James A. Burden, by the payment of certain' sums, but the terms have not j been made public. The charge that led to the litigation which began In 1S84 , was that the directors voted to pay 1 Jame A. Burden $30,00 a year as royalties roy-alties on certain inventions. I. Town-send Town-send Burden alleged that the royalties I were far greater than the inventions were worth and that It wag a fraadu-