The Dakota chief. (Gann Valley, Buffalo County, S.D.) 18??-1913, 1894-07-12

HARVEY PEAK TROUBLE.
English Stockholders Of that MINING. Conn
panV Think They Were >wind.rd

Inc complaint carrying the applica-
lion for a receiver 10. the Harvey Pea *
Tin Mining. Milling and Manufacture
ing Company CHARGES fraud against
the trI-t.e- OF IN defendant company.
Levi Man. james Flanagan. William
VI. Dean. William I.om>en. George
Ehret. Charles ID. De.pler. Herman
Knubel. Louis d. Weber. ". J.. Elan
nagan. the c,,a,e Of Frederick W.
r'oote. the estate OF Henry Clau-en.
r.. the estate OF Daniel ;. Appleton.
samuel Cntermyer ana the Farmers
Loan and Trust Company. Complain
ants in the suit are Charles Fletcher.
Henry l.. Maud. Charlie, f. Denny.
Edward VI. Denny and John :. Sellon.
The history OF the case. a. told by
the documents. i briefly a follows:
The Harvey Peak Tin Mining. Milling
and Manufacturing Company wa in
corporated under the laws of this state
on April Ii. 1884. to do business in the
Black Hills region Of Dakota. The
principal organizer Of the company
wa James Wilson. and the trustees
We're William NJ. Dean. Charles Des-
pier. Herman knubel. q. r. Berry, W.
!. Russell. Jane. wilson and {. NJ.
~ -Ai AE"IC VI 80. PPp.Vp| Clt1N
was made AT once TO purchase. "a ii is
claimed. property worth only $1,000.
On January Il Il second issue of So
oOO.O0O wa, made 10 Oliver +. Berry "a
trustee. ana the following year Il third
issue Of a like amount to Henry Clau-
sen n. The English complainants
afterwards took part of the stock.
which they now say was issued to the
trustees as ii blind. ana that the books
We're % iugglcd a. TO make ii difficult
10 discover the fraudulent conspiracy
and gains. which they allege We're d.
vided among a syndicate of stock
holders.
In 1880 an agreement wa. entered
into between Samuel Untermyer and
Edward Sabing Barlng-Gould. Rt.
Hon. Lord Thurlov and John Taylor
of England. and the Harvey Peak Tin
Mining. Milling ana Manufacturing
Company By which the Englishmen
obtained 90. 900 shares of stock Of 500
par value for 81. j2j.o)O. Only a small
sum OF money was paid. bat two subse-
quent agreements were made by which
the E.nglishmen were TO issue el.000.-
go in bonds of an English COMPANY.
giving security for the rest. which
they failed to do. but Il, 900. 900 in
bonds Were pat on the Black Hills
properly. which we're issued 10 the
tng!i>h Company in part pay and
partly as security. Another sI.0JV.-
900 mortgage was afterward placed,
over 400 mining claims We're pur-
chased. but an attempt was made to
work only twenty OF Them and the
only thing mined, according to an alii-
dayit of George y. Hamilton. was
l.O00 tons of ore which has never been
treated. The Englishmen. who had
invested between $3.OU0.0J0 and So
900. 900. becoming suspicious. sent
over agents to investigate. and il is al
legged found that the American MEN,
bers had put up only $20y.OOO in cash
for all the property. Samuel INTER
myer. it is charged. while on a salary
OF 5000. actually represented $500
oO0 in cash and stock. and others have
received sums more on less eXorbitant.
Not more than $500. 900, it is said.
has been expended III working the
mines ami building the mills. and the
Englishmen want to know where their
millions went 10. The books If the
company We're seized at 30 Wall Street
ana s%ubprnas served on the defend
ANTS