New-York tribune., 1886-01-07
H77rICK AS A COPPER MINER.
fsR ctEyELAND's ARIZONA GOVERNOR.
ssiS fRANsAcTIoNs WITH NEWARK MEN IN MINING
srocKs-A RECEIVER ASKED FOR.

sfS raANsAcrIoNs WITH NEWARK MEN IN MINING
srocKs-A RECEIVER ASKED FOR.
a. Never Zulick, recently appointed Gov
or ot Arizona by President Cleveland at the instance
~ SENATOR McPherson OF has been engaged
IN some mining operations. He has induced number
Of Newark to join with him, who now accuse him OF
and bad faith. Several Of them have
alleged that he still remains In Arizona IN comfort while
thev are considerably ont Of pocket through his Efforts
and ON Tuesday they took the first stepo find out the
true state of the by securing the appointment OF
receiver to wind up the affairs Of their company Ther
counsel went before ViceChaneeor Van Fleet al Jer
sey City, for that purpose. ExJudge Ludow McCarter
Rad extracts from the affidavit OF James smith,
r one OF the stockholders in substance as follows:
Three years ago the New-Jersey and Sonora Mining
company was organized under the laws Of the state OF
work copper mines In the state OF sonora
Mexico and especially the Caprza mine In that district
e Meyer Zuck was the promoter OF the enterprise ana
the president of the company The capital stock was al
nrst 20 shares at share, which was afterward
Increased to $50 shares The stock mostly taken by
Newark men, and the principal offices were there
About year ago, Mr.. Zuck interested In the mine,
among others, James Smith, jr James f. Connolly ana
Godfried Kreuger, of Newark. He talked TO them In
glowing Of the copper yields and pointed 10 the
twelve directors as evidence of the sodity of the enter
nrse but could only sympathize with them because all
the stock taken. The three men of Newark became
greatly excited and wanted stock at any price. Mr.
Zuck TO obge friends, offered to give each OF them
share of his stock par value III five minutes the
gentlemen had the stock and Mr. Zulick their three
thousand dollars A short time after that Zulick saw
Mr. Smith again. The copper property was talked over
in a buoyant manner, and finally Zulick said:
"Now Mr. Smith, you give me $1,000 moro and will
transfer to you worth of first mortgage bonds on
the company, and $4,000 worth OF stock In the San
Pedro and Rosario Mining Company will also guarantee
you within three months 25 per cent or your invest
ment"
Again Mr. Smith jumped at the chance, though not
with the same aacrity before He had given $4,000
more 10 Zuck when rumors reached him that all was
well. Accordingly in behalf OF himself ana lrehus
he found. FROM the day of its organization the com,
pauy had never paid DIVIDEND but in three years 9sd
workmens wages had been paid by paper Of the eo
Willard at Guaymas, Mexico TO loan tine com,
Ps9y $4,000 on mUTisose q sS MINE "iafa cas
snd sSd had e'Hn Teceyed $4,000 in mortgage bonds
Willard ruined man and would not toueh the prop
e The % n01es never @ or
never would pay dividends and Mr. Luick knew when
discomfcrted Mr. smith 6ethought himself OF the 100000
he held in the San Pedro and Rosario Mining Com
pany which he had discovered to be also copper prop
erty in Northern Mexico the borders of Arizona BY
consulting his Newark friends he found that whenever
them had complained he was Immediately seheeu
by the gift of a share in the new company Inquiries
about the great san Pedro Company revealed taat ~
was managed by the same men aud apparently OF the
the other though not yet openly III As
bad a state. ,,
When the affidavit WAS read Mr. McCarter stated that
ho represented several Newark gentlemen who believed
that of neither company were straight anu
requested appointment of receiver TO wind up the
business of the New-Jerscy aud Sonora Company Ihe
San Pedro and Rosario will be considered later He re-
aueted the appointment OF dlsntercsted fearless
man. who would he firm enough TO bring suit against
Mr. Zuick ViceChancellor Van Fleet appointed cN
Judge Frederic W. Stevens, OF Newark Mr.. McCnrter
expressed himself satisfied The Court Will inquire
OF Mr. Stevens whether he will accept the Office III not
some one else will be appointed next Monday morning
The stockholders. who much AFRAID OF being left
habfn nd tho
besides the three mentioned Senator McPhers Will
lam H. Brown, william Clark Andrew kirkpatrick and
Willard Richards