Illigan Leasing Co. Inquiry
Illigan Leasing Co.
5555. (Springfield, Mass.) I wish you would look up the Illigan Leasing Co. and report on it in your paper. They are working leases on the April Fool and Big Mike claims on Squaw Mountain and have acquired control of the stock of the Big Mike Co. N. E. Guyot, address Cripple Creek Club, Cripple Creek, Colo., owner or at least president Kentucky Belle mine, is one of the officers.
Ans.: This company is capitalized at 2,000 shares of ten dollars ($10) each, of which 1,000 shares are being offered at par, payable in monthly installments of one dollar ($1) each.
Mr. Lute H. Johnson, the secretary and treasurer of the company, writes our Colorado correspondent as follows:
"The company owns no ground and is strictly a leasing company, using all money received in the operation of leases. No officers are paid and there is no expense except what is paid out for labor and supplies. We have a lease on the Big Mike Co., and an option on a control of the stock and have other territory leased. We work only what looks good to us. We are going to give everybody a square deal who goes in with us."
Our Colorado correspondent says that he has known Mr. Lute H. Johnson well and favorably almost since the beginning of Cripple Creek, during the whole of which time Mr. Johnson has acted as the Cripple Creek correspondent of the Denver "Republican." Mr. Johnson's daily duties in that capacity necessitate his knowing every hole in the ground in the camp, in addition to which he has had practical mining experience.