The sun., 1902-04-22
CLARK OF MONTANA ON MINING
POLITICS A BRANCH OF 1T OUT
IN ARIZONA.
You want 20 He Careful when You Buy
Mine Verde Was Wise In
vestment-Pays 40 Per Cent. Year
Testimony I'm Treadweli's Suit,

-IesumOny In Treadwehs sui''
Senator William A. Clark OF Montana,
was again a witness before Justice Beach
Yesterday in the Supreme Court In the
United Verde Copper Company litigation
In which he was all day under the cross
examination OF counsel for Prof. George
A. Treadwell, stockholder. Prof. Tread
well contends that the company has boen
managed twastefully by Senator Clark and
he has been fighting the Senator for
long time and sought TO prevent the dis
solution OF the company in this State and
its reorganization under the Laws OF West
Virginia.
Questioned regarding a contract made
with Lewisohn Bros. in 1898 10 take the
entire product of the mine for certain
period at stated price Senator Clark said
the arrangement was good for the COM
pany for it might have injured tho copper
market TO throw the product of the mine
at once upon it. The Senator said he
first got the mine under q lease and then
secured a majority Of the stock. The
property had been in bad condition and
he had TO put in much capital This letter
was produced
Wtiham A. Clark. as Cedar street. Ncw York:
DEAR SIR: Yours OF the Sth inst Just
You sSsT. ask ( sos thought 10 e D,ss ds
eEos DO not a0eps. esTe to seR Sixty millions Of dol
lars may seem large. but the property will
as s a wedge edge in nth the ma market You know have
not had an accounting for years. ALSO not
been allowed TO see the underground deyel-
Hpse to get my price % before ' you let me see the
greatest known mine In the world. II 10
| reported That the nine mas large quahtlty
nf frrld nra q W
to buy the Boston copper mines three miles
north of Peck mines, northerly end Of Brad
'hsw ATo MSIs!3in' iss AGiz GFonoh T TREapy.EIL y
are you not, senator' A. Yes, have bought
q Did you ever pay cash for mino' A.
g And yoY always take care t9 sstsisi,
ss aE G& and The g oohdi,On; & @
%. Il Mr. TTeadwen had gone into tn.
| West Virginia organization. he would have
got his share of stock and $40 share In bonds'
@, DO YOU think it fair 70 offer Prof Tread;
well sit 20 q share for his stock? A. No ]
| o But he had the option Of either going
into the West Virginia company or selling,
didn't he? A l don't know.
besides the United Verde Copper Com pany
that PAYS 100 per cSscd cent dividspds dspa year.
| a. | believe t0e NneUllCul National Bunk
| does. There may be others
The Senator said that his company had
| spent money one year to defeat Repubh
! can candidate for Sheriff OF Yavapai count y
Ariz.. in which the mine is. He did not
know whether SO 600 or sl2 900 was so spent
| by the company.
| Q The law in Arizona regarding cam.
| palgn funds is not so strict as here. is III
| No
Q What was tho occasion for spend IN 4
| the money to elect Munds over BurnsY A GU
| there In campaigns there is considerable
entertaining TO be done We knew Mund.
| to he an honest man. We knew he would
not use his office TO herass or obstruot oul
| corporation
To inquiries as to how one should inves
| in mining properties the witness said 4
was necessary TO be very cautious. Tn,
| market fluctuations are usually considered
and people usually cut in two the apparent
value before buying. He said that thc
| United Verde mine has not been testeC
for more than 700 feet under the surface
The case went over To to-day.