Jasper County Democrat, Volume 11, Number 56, Rensselaer, Jasper County, 16 December 1908 — TO CLOSE COLONY AFFAIRS [ARTICLE]

TO CLOSE COLONY AFFAIRS

Payment of $40,000 to Court In American Tribune Cases. Indianapolis, Ind., Dec. 15. —With the payment of $40,000 into the superior court by Philander H. Fitzgerald in settlement of the cases involving the American Tribune New Colony company and sixty thousand acres of land in Texas, the suits which have been pending in the courts of Marion county for several years came to S close. The mouey will be used in the settlement of the claims which purchasers of stock in the Tribune Colony company filed against the concern and Mr. Fitzgerald as its chief officer, and in the payment of the expenses of the litigation. The case had Its inception some three years ago When the American Tribune New Colony company was organized to purchase land In Texas and in other southern states for the purpose of forming a land colony. Shares of stock ir. the concern were disposed of at $25 a share. It was said that the purchasers did not receive a clear title to the property.