The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1895-10-19
A Statement From Messrs. Pinther and ston

| A Statement From Messrs. Pinther and Stonei
Editor Herald. Your issue OF October
18th contains so many erroneous state
ments in regard to myself and the COM
pany l am a membe of that see myself
com pelled to reply to and ask you kindly
to straighten the matter out-according to
facts. E.E :,
]. G. C.TPrice was introduced to myself
and Mr.. Stoner in the month OF March
as man OF great ability and business
capacity. 4 partnership was form ed
comprising j. U c. Price. D. 6. Stoner ,
Jay Burnap and myself. DR.. J. w. Gazing
entered this partnership several months
interest in n group of mines TO the con-
Germ, of which he had become partner,
and paid a number of mining stocks IN.
to the concern of the nominal value OF
about S140. QUO. j. q. c. Price. at that
time treasurer Of the company, claimed
TO have an offer from the Pacific beaoh
company, of San Diego, by which ne
could secure a lemon orchard of 100 acres
and several other pieces OF real estate IN
trade for the mining stock which L
had paid into the treasury OF the COM
pany as capital stock. Messrs. Stoner
ana Burnap as we'll as myself were saus-
fed with the proposition anu Price went
that deal. We had agreed with Burnap,
that after the completion of the deal we
would either sell or mortgage the san
Diego property and WORK the mines with
the cash realized from the transaction.
On his return from San Diego, Price
claimed that the t'ade had been made
and that the deco to the property would
be sent by mail within lew weeks, but
q little delay was caused by some dis
agreement among the director OF that com
pany. Prices explanations OF the delay
were satisfactory to us at that time ana
none OF us suspected anything wrong. AS
the delay in sending the deed became
great. urged PricI to complete the
transaction. He finally stated that the
Pacific Beach company had gone into
litigation and that my bonds were depos-
tied in San Diego in escrow. Later Price
went to the desert and about two months
ago, one Beach came to our office and
disclosed to me that Price had sold to
him some of my bonds to the nominal
value of 500, 900 for the sum of $500. As
| doubted the fact. he showed me bill
OF sale for the stocks signed by J. q. Z.
Price. DR.. Gazing witnessed this revela-
ton. What has become Of the rest OF
the stocks have not been able to dis
cover yet. The day after this ievelatlon
we were told Try friend that Mr.. Burnap
had taken possession of the deed to the
Holcomb mines. On the advice of our at
torney, [ rendered in the presence of Dr.
Gazing and d. ?. Stoner, a $40 gold piece to
Mr.. Moat. and then to Mrs. Burnap. AS
we could not find Mr.. Burnap, we left
documentary tender signed by all three
of us. Failing to obtain the original
deed. placed the certified copy on rec
ord.
In regard to the cash transaction be-
tween Miss Sullivan and Price, state
that this was an affair with which had
nothing 10 DO at all nor the company
was mem Der of. the loan was made
without my knowledge, and | never ap-
proved of the same. The mortgage on
farm was not given by our concern to
Miss Sullivan. but by Mr.. Price.
3 The transaction about the MUSTANG 8
the company had nothing to do with. In
regard to my San Berr ardino experience,
l was held five days, not ninety days.
If you investigate my transactions and
also those of MIR. Stoner and DR.. Gazing,
you find no fraud and no attempt at
fraud There is nothing concealed and
nothing to expose as far as | am con-
cerned. l have b,en victimized, but
have injured nobody. o.
THEODORE PINTHER.
l concur in the above statement.
d. z. STONER.
Los Angeles, October H. 1895.
(The above statement is frank and
straightforward and does credit to the
! signers.)