Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1893-04-18
INVOLVES A BIG SUM
The Celebrated Ps~ab;c Mining
Case VIII Come Up Today
IN THE UNITED STATES COURT
Over et0O. 0oO Dtres,siy osvolvsA-
Doa ~. Dsrkaas.sa. Alfred 1ssssellD
And epsd A. 0nkes Coaass1ssA

A distinguished delegation al lawyers
arrived in The Morton Last aiaht The
Han. Doa n Dckinsen. thu Hon. Alfred
kas~~ll and Pred A Baker al DetroIt.
the Hon Peter White u MArquetss, u
q Ostrsrder os LAnsing. rhomss 81.
Talbut and J. e.. stAehpole 81 Boston
constituted The party. They arc In The
city Ia attend hearing Il ths celebrated
Pesatic Mining company cass. which
sill come befor. Judge Ssvsrens In the
Caitod states court About oi0o.OO -
involved IN the pr~ssnt suit. The case
. one Il tas nost acted IN the history
q mining litigation The Pe~abic
near Hancock. After dotsg business tor
that ~. charter had expired Then the
MAJORITY stockholders. IL IL alleged. dc
cidsd IL freeze out the smaller invcs
tors The com pany Vas rcofgxnizcd un .
der the name u Pswstic Copper
Culapsay. and the stock II the old o.
oanizat.on vas sold 10 the new concern
fW $1,000. the newly organized com
pany u assume the dsbss III the defunct
mining company. which amounted 10
anoat sl-dUu The minority stock.
astfstAF&~s tt Va 0Sttl SSSliSAt VI
Boston we're he leaders. secured an in-
junction la the United Ststes court re-
sirsinius the Pexablc Mining corn pany
from dsPo-lug Of its property 20 the
fssabie Copper company. The case
~as tTlpd VA the Upit.i stAt-s court and
appealed Ia the supreuo court. which
ordered that the property should be dis
posed III at auction. and m case the
suoaat bad a. less than the sum II the
debts and tho &o.ooo purchase price.
the sale was Ia stand valid. IL more
was Offered tho property was 10 Ire
Knocked down Ia the highest bsdies.
The Hoa. Peter White. AZ master IN
chaacsTy, conducted the sale. Tue price
was run up to 10000. the majority
stockholders Offering this amount Masn
and smith raised 10 $4,000. thus paying
s7io.oO Cor the property. In the mcsh.
time Mason and Smith had purchased
enough - tho stock 10 obtain . con
trolling interest. As the time of the
sac they owned 2i.ooO IL the &o,CO0
shares. The minority had become tho
majority. and the would-bc fresxers
were given q dose It their own medicine.
Tire counsel q the defeated party are
nos SUNG for their attorney fees. and
,h,- = the cas-. which Judge Sevesans
val hear toiay. Tho present on ners IL
the property contend that 40 they ~
cured the Judgment in the proceeding
they are not responsible for the fees of
the opposing council. and this IL tho
question for the court 10 decide. The
f'he Hon. Don NJ Dickinson. the
ton. Alfred Russell and Fred \. Baker
q Detroit are the attorneys for Mason
and smith. Thomas II. Talbut % Bos-
ton hss claim for sl6,io0. Mr.. Stack
pole All. re satisfied with little lesA.
Morse 4 H-lyer of Boston would like u
few q tho companys dollars. and Cshili
4 ,istrsndsr have put IN claim for
$1,000 Tho suit IL an important one.
and much interest il being taken in IL.
Mr Dickinson and 81. Russell spent Q
good share II the night in making prep
srations to submit their CASE.
~Nichigsns mineral exhibit for the
workis FAIR sill be all ready in a few
dsys.~ sald the Hoe. Peter Whi,cof Mar
qustt~ IA The Morton last night. lit is
"a c,iru ple,s 80 w- could possibly hope %
make 4. and think every citizen Of the
state will be proud % the exhibit. IL Is
absurd "a suppose that the fair viii not
10 ready May 1. Every thing looks in IN
unfnJshri condition. ~ Is true. bat a
few touches hero and there will CON.
pete the work. and the great exhibition
viii suddenly emerge from condition
~ chaos 10 one % perfection.
There IL a. politics IN connection
with my visit - the city. -aId the Hon
fun VI Dickinson n Detroit ia The
Morton lsst evsning. My ;hus,ness il
80 ,ireiy % iegsl nature and the amount
q work which must be done beforecouri
cousrue< m the morning - Il great tina,
" = impossible for me To discuss politi
cal matters With anybody
Dr j :. Nunson 20 TrJver-e City.
~nr~rin sendent q the northern Michi
gan asylum for ths insane s7,d tn. Hon
~ ~ Notis p TX Rapids. one - The
board ~ manages - the institution
dine.i IN The Morton yesterday on their
ssy ~ Lansing.
~ J Fay. formerly chisfi clerk IN
Sweets eft fr Chicsgo last night,
where NJ hss accepted . pv-ition ~
clerk % tbs Willard Fraternity club.
senator G T. Brurdsg- - Nu-k.ror
dius,i in ths New Livingston yesterday
shi.e orr bis nay 10 Lansing.
VI Henry - Detroit. rar~iver -,
ihe ~ 4, reter=' estate. vss among yes
isrdsy's arrivals IN The Morton.