The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-08-18
sCHISM IN CON. VIRGINIA,
Spring Accuses Superinten-
dent Lyman Of Manipula-
ting the Stock.
THE CHARGES NOT SUSTAINED.
One Month to Secure Further
Testimony.

Yesterday afternoon the directors of the
Con. Virginia mine assembled at the Office
of the company in the Nevada block, to
consider certain charges that had been
preferred on the part of certain stock
holders by Edward F. Spring of the
Report against D. B. Lyman, superinten-
dent of the mine at Virginia City.
The specifications appeared in the form
of letter from Mr.. Spring to the president
of the company, charging Mr.. Lyman with
having operated in certain newly discov-
cred ores in such way as to show them to
be improbable and with having specu-
lated heavily on the stock market, in the
mean time having manipulated the ore so
as to advance his own interests, to the
detriment of the stockholders of the COM
pany.
The meeting was called to order by Pres
ident Fish, Directors O'Connor, Messer,
Wells and Zadig also being present. Mr..
Spring and Mr. Lyman were present an d
were represented by Attorneys Edmund
Tauszky and w. E. F. Deal, respectively.
The letter from Mr.. Spring which con-
tanned the charges against superintendent
LYMAN was read President Fish stated
that he had informed Mr.. Lyman of the
charges and that Lyman had denied them,
at the same time offering the board OF di-
rectors an opportunity to fully inspect the
books of his brokers in this City as to his
dealings on the stock board. President
Fish stated that Mr.. Lyman's brokers had
copied his accounts in all transactions had
with them and that he, the president, had
inspected said accounts and found that in
this particular, at least, Mr.. Spring
charges were unfounded. Mr.. Spring de-
hOA oil
but President Fish stated that Superin-
tendent Lyman had offered the books for
the inspection of the board only and that
he objected to Mr.. Spring looking. into
them, as, aside from the purposes offered.
they were his own personal accounts.
Mr.. Spring was invited to produce the
evidence to substantiate the charges made.
Mr.. Spring stated that the letter before
them was sufficient to put the matter be-
fore the board, and that the members
should investigate the matter themselves.
DIR. M. A. Cachot was then called as wit
ness on behalf of the prosecution, and
stated that it was common rumor upon the
street that Lyman was buying and selling
stocks, depending for their valuation upon
reports as to the wealth of the ore in the
Consolidated Virginia.
Mr.. Spring had no more testimony to Of
fer, but read the weekly reports from the
mine, covering a period of some months,
and attempted thereby to show that Su-
perintendent Lyman had endeavored to
make the value of the ores produced huc-
tuate.
Superintendent Lyman then stated that
certain conditions in the workings of the
mine were responsible for any and all
action which he had taken, and denied
that there was aught in his action to war
rant the bringing of the charges, or to give
color to the conclusions sought to be
brought by MIR. Spring from the reports
read. The investigation was adjourned
for one month, at which time Mr.. Spring
promises to produce from Virginia City
witnesses to substantiate the charge:
which he has made.