The morning call., 1894-06-30
HARVEY PEAK TIN.
Rich Englishmen Want
to Know
WHERE THE MONEY WENT.
Millions of Pounds Uselessly
Squandered.
BUYING WORTHLESS PROPERTIES
More Than a Suspicion That Some
of the Gold Was
Stolen.

NEW YORK. June 29.-Judge Lacomb'
has appointed Albert r. Latoux temporary
receiver OF the Harvey Peak Tin Mining
Milling and Manufacturing Company. The
complaint accompanying the application fol
a receiver charges fraud against the trus
tees of the defendant company. Lewis
May. James Flanagan, w. NJ. Dean, VIII
liam Nelson, George Ehret, G. d. Desper
Herman Knubel. Louis d. Weber and w
l.. Flanagan, the estate of Frederick w
Foote, the estate of Henry Clausen Jr.
the estate of Daniel S. Appleton. Samue
Undermeyer and the Farmers Loan anC
Trust Company.
Complainant In the suit are Charles
Fleisher. Henry l.. Maud, Charles E
Denny, Edward NJ. Denny and John s.
FaHon.
The history of the case as told by the
documents is briefly as follows: The Har.
ney Peak Tin Mining, Milling and Manu-,
featuring Company was incorporated
under the laws of this State on April
16, 1894. 10 do business in the Black Hills
region of Dakota. The principal organizer
of the company was James Wilson,
and the trustees were William NJ
Dean, Charles Gesper, Herman Knu-
bel. o. F. Berry, James Wilson
and C. NJ. Field. An issue ol
S5.OOO.0O0 of stock was made at once to
only $1,000. On January 81, 1885, second
issue of So, ,000, 900 was made to o. p. Berry
as trustee. and the following year a third
issue of like amount TO Henry Clausen.
The English complainants afterward
took part of the stock, which they now
say was issued to the trustees as
blind and that books were sc
juggled as to make 1t difficult
to discover the fraudulent conspiracy and
gains which they allege were divided
among a syndicate of stockholders.
In 1880 an agreement was entered into
by Samuel Undermeyer and Edward
Sabine Barring Gould. the Right Hon. LORD
Thurlow and John Taylor of Eng
land and the Harvey Peak Tin.
Mining, Milling and Manufacturing
Company by which the Englishmen OBJ
tanned 10000 shares of stock at S10(
par value in addition to 81, 535, 600
Only small sum OF money was paid
but two subsequent agreements were
made by which the Englishmen were
to Issue el, 900, 600 in bonds of an English
company, giving security for the rest
which they failed to do, but 91, 900. .00I
were put on the Black Hills property. fo
which stock was issued to the Englisl
company In part pay and partly as Sc
curity.
Another 10000 mortgage was after
ward placed, and about 400 mining claim
were purchased, but an attempt was mad
to work only twenty of them and the ohl.
tin mined according to an affidavit of Georg
| n. Hamilton was 1000 tons of ore whicl
| has never been treated. The Eng
| lishmen. who had invested over $4,000, O0C
becoming suspicious. sent over agent
to investigate and. it is alleged
| found that the American owners ha
pat up only S2SO.OO0 in cash TO
all the property. Not more than $780, ,00C
| 1t Is said, had been expended in workin
the mines and building the mills, and tn
English want to know where their mi
| hons went to.
The books OF the company were seize
at 33 Wall street this afternoon and sui
penas served on the defendants.