Akron daily Democrat. [volume] (Akron, Ohio) 1892-1902, 1900-02-15

fNhV'hVi u''IOus InNOIN-
ing $2,ooo,oo0, growing out of Cana
dian mining ventures was filed in
Common Pleas court Thursday. r.
Charles H. Howlaffd, an attorney at
Cuyahoga Falls, is the plaintiff. He
sues on behalf of himself and the
other stockholders of the Nermillion
Mining company. Many Akron peo.
pie are interested parties. The prop
erty is located in Ontario, Canada.
The action, in many respects, is
similar to the one. recently instituted
by Lewis Ritchie. The defendants
are George G. Allen, Stevenson
Burke, Henry, F. Mcintosh, Charles
w, Bingham stSteyenson Burke trusT
tee, Canadian Copper Mining COM
pany, Anglo american Iron company
and Charles BAIRD i; afid II =: 3, Wright,
executors Of the will pf, Thomas w.
Cornell. Allen, Bnnks, eM eIntosh and
Bingham aree directors OF tie Cana.
dian and vermlllI9Snl !, COMPANIES.
The Vermillien Mining company was
incorporated Feb. u, 1888. 1t was cap
italized at iS24NOo0 Tho petition al.
leges that fife directors of thc Cana
dian Copper Mining company being
apprehensive that il would become Il
rival of that corporation, devised n
plan for purchasing d, controlling in
terest in II. To carry out this plan
they entered into an agreement with
r. w. Cornell, whereby he purchased
2296 shares of the stock of the Nermil-
lion company. These shares We're
transferred to him as trustee. Prior
to his death, it is alleged, he entered
into conspiracy to elect as directors,
only those who were '.antagonistic to
the interests of the Vermillion com.
pany. AS his compensation. for this,
he received a large amount of stock
in the Canadian Copper company, re-
turning dividends of from $125,000 to
S150,000. The executors of his estate
are alleged to be liable because of
their assistance in the scheme since
Mr. Cornells death. Judge Burke is
now trustee of the vermillion com
pany stock, formerly held by Cornell.
The plaintiff says the defendants viii
fully aud fraudulcptly refuse and
neglect TO work the mines in, order to
reap greater personal gain from the
Canadian Copper company property.
He claims that they have sent armed
mobs to drive away parties who were
examining the property with a view
of purchasing, that the walls of the
shaft have been blasted and the mine
closed, in order to keep the outside
world in ignorance of the enormous
richness of the property. He alleges
II contains deposits of mickle. copper
platinum, gold and silver, that would
if mined, pay dividends of $50 per
cent OH the capital stock. He says
there is $SS000 on hand to develope
the property. Because of the above
injuries he asks 9I,ooo,Ouu pdmuSes.
In the second and third causes of ac.
tlon he alleges that Judge Burke has
circulated false statements of the
claiming that it aisl. WORTH
less He fears the Crown will de-
clare the conpany's lease forfeited
because of non-use TEis is made the
basis for an additional claim of $3.50
00O He asks that the trusteeship of
Judge Burke be dissolved that he DO
from voting any of the stock
that he holds.
S. j. Richie, who was at the Hotel
Ruclitel Thursday, was interviewed
on the matter by Democrat reporter.
He said:
Neither my wife nor myself are
with this suit of Howlands'
against the yermilllon Mining COM
pany. We hav brought a suit against
pany. we have brought suit against
company In the Common Pleas court
at Cleveland. But 1t has no connec-
tior with Howland's suit filed here.
Tho vermillion Mining company Is an
Ontario corporation organized In Can
ada IN 1883, The incorporators or
ganlzed Ia mine for gold and sunk a
small Shaft upon a quartz Vein from
which they took the richest specimens
| have ever seen. Il myself had a