Evening star. [volume] (Washington, D.C.) 1854-1972, 1901-01-12
LOCAL. MEN INTERESTED
y n -
INVESTORS INs ARIZONA AND MON
TANA sMELTfsG co. ARE ANXIOUS.
Received Two Per Cent q Month for q
Time7Hrhen + chanse-statement
N N FroH Mr. Wine.

Several, well Known Washingtonians are
sharing the anxiety numerous persons
elsewhere. feel aover the affairs of the
Arizona Eastern and Montana Smelling,
Ore, Purchasing and Development Com
pany, according to an article prominently
displayed IN the New York Journal today.
DR.. r. c. Flower, who is alleged to have
pretended to be a brother Of the late Ros-
we'll P. Flower. with w. J. Ashton, foated
more than 100000 worth Of the stock of
an Arizona mining company. They prom
ised per cent month dividends, and even
more than the usual roseate future that Is
suggested in the prespectuses Of such COM
panies.
The stock paid five monthly dividends.
Then a mechanics lien for 100000 took its
mine from the company: Even the spienola
fixtures of their magnificent offices were
sold. 1t is alleged and now all the snare
holders have left. according to the Journals
story, are the beautifully engraved stock
certificates.
Local shareholders.
In the course of the article in question
it was stated that Mr. NJ J. Wine Of this
city was a very large holder of the shares
while the names of the other Washing
tonians mentioned as being owners Of
shares and the number each holds were
given as follows:
A. H. Scott, Washington approximately,
1000: ]. N. b. Berry, insurance agent,
Washington approximately, 1000; James
D. Prosser. Washington, 200; robert l..
Ames. Washington, 200; Woodbridge Clapp,
Wines private secretary, 200; Mrs l..
Mayne, employe government printing once,
| 100; w. w. Burdette, Washington vice
president Second National Bank, 1000; F.
H. Smith, president Union Savings Bank,
| 100; S. B. Kalbus, District building, Wash
| ington, 100; j. H. Kimball ian aged para
| lxyfin ~ al
Washington. 10; L: D. Wine, real estate
agent. 1000; John Lutrell. retired
merchant. Washington. 500; Lester w:
Barr, Washington. real estate agent, 200;
Sydney F. Marshall, lawyer, Washington.
200; John c. Parker, book dealer. Washing
| ton. 100.
Mr.. Wines Statement.
! Mr.. M. ]. Wine, when called upon by
Star reporter this afternoon in reference to
the story, said that save for a few some
what romantic details the statements were
substantially correct. II suppose 1 have
been made victim of overconfidence,"
said Mr. Wine. 81 own considerably over
! 10000 shares of the stock of the company
mentioned, for which 1 paid partly in cash
and partly by the transfer of a mining
| company of which 1 was two-thirds owner.
THE Lone Pine mine, which the Arizona
| Eastern operated, is a valuable property.
| however, and have strong hopes that the
| company may be reorganiZed and the prop
| erty become worth something. l was d.
| rector in the company and never drew
| dividend on my shares, or cent OF salary.
or received a commission. I had too much
| faith. suppose, In the glowing reports
which DR.. r. c. Flower, who was promi-
nent in medical practice here and adver-
| tsed extensively at the time l invested,
| presented. The men who are responsible
| for our being vctimized will be criminally
proceeded against unless they make rest-
| tuition. and l believe they appreciate this
| and will make amends"
| w.t. ,r,a .Lo othor oh ho
were not I'm the directorate received divi-
dends each month, which were voted upon
| the statements of returns purporting TO
| come from the mine managers. 1t was also
| learned that several months ago the stock
| was so we'll thought of by one Of the local
| banks that it was accepted as collateral
| for loans.
| Dr. Flower conducted a large office here
| a year or two ago. next to old Wizards
| Hotel, and made large number OF &C
| Quaintances among business men and Others
| He was smooth shayen. keen eyed and wore
glasses, and was regarded as very en-
terprising Individual. His son. G. II. Flow
err was connected with him then and after
ward became one Of the prime handlers OF
| the mining company's affairs.
| 1t was learned late this afternoon that
considerable amount of the stock held by
| Washingtonians was secured In exchange
for real estate in the city and In Maryland.
| and that steps might be taken to set aside
| such deals in case the shares are found to
| be valueleSS. T.
stOckhoIders' Meeting Called.
The present president Of the mining COM
pany is Henry New. vice president OF the
| Union Trust Company of Baltimore. who
has called an annual meeting of stockhold-
| ers for February 4. In a recent letter to a
! complaining stakeholder, Mr.. New wrote as
| follows:
| II can sympathiZe with you, as l bought
| my stock under the same miSrepreSenta-
| tiCns under which you bought yours, and it
| was for the purpose Of exposing the ras-
| cality of those that perpetrated the frauds
| August of last year. / think there Is evil
dence enough In my hands to send the
| guilty ones to the penitentiary, but before
taking such steps, the new management
that went in with me have thought it best
t. force restitution of as much Of the ILL
gotten gains possible, and hope by the
annual stockholders meeting on February
4 to be able to report that we have been
successful. Mr.. Ashton, who was men,
sold stock TO a great many persons under
| Misrepresentation and is now trying to
appear innocent of wrong intentions. and is
| doing everything in his power to thwart
| us in our efforts.
at seems to have been the sole object of
the former management to work the COM
pany for the purpose of selling the stock,
| and not for the development of the prop
| erty for the benefit of the stockholders.
II have never sold a share of stock, and
I'D to this time have not signed certiti-
| cate for the transfer of single share"
Board to Consider Samples.
Mr.. w. A. Mcfarland, superintendent Of
l