Bisbee daily review., 1906-01-28

 had exclusive direction and manage ment of the company's property. and was paid a salary of $500 gold per month and all his expenses. In the course of the succeeding two years of development, the mines proved to be very rich, which evidently awoke Mir. Graham's greed, and it appears that, while still acting as general manager of the company and in charge of its properties, he formed his plan to seize the mines and make fortune by sacrificing the people whom he had induced to invest their money in his enterprise and upon his represen- tations. The evidence that this plan was formed some months prior to July, the date of the seizure of the mine, appears clearly from certain letters which have come into our pos session. which were written by Mir. ]. E. Suits, bearing dates in May and June of the past year. In one of these letters dated May 9, 1865, at Douglas, Arizona, written to one of the primitive creditors, or so-called
 
 "I was asked this morning to drop line 10 each of the original owners of the "El Tigre, and ascertain if any reduction could be gotten on bal ance due them if the full amount was paid in, say. 30 days or sooner. There are some new parties figuring on this and first of all they want to know how much cash il will take to settle with the original owners"
 'In the next letter dated June 6, written by J. l.. Suits 10 one of the original owners. several days after manager, as will be hereinafter seen, and had no longer any authority to speak for the company or treat with its creditors, be states:
 MT Graham requested me to ask you if you would make per cent dis count on full amount when paid of the Tigre indebtedness, as he expects to be able to rske payment before first of July in full He left last night for New York to complete arrange. ments. He assured me that il was not the Kansas City people that are figuring on this. Answer immediately on Tigre business
 aIn the letter of June 18th, still nearly one month before the payment was due which offered the pretext for MT. Graham to seize the Fl Tigre mine, MT. Suits writes to one of the so-called original owners as follows: Matters have taken a new turn now. The parties who were figuring on paying up the indebtedness do not ask for any discount They wish now for me to organize a Mexican corpor- ation and transfer all our claims of indebtedness to that corporation and issue stock-ail the stOck-of said company 10 original creditors in pro- portion to their claims and have us to place the stock in the Miners and Merchants Bank and give them cer- tain time to pay up the indebtedness with interest, which the stock will represent, in this way avoiding the stamp tax on Mexican contract. They will stand all expense of oTganiZa- ton, etc. They think it possible to close up within two months, but they want an agreement to run until about the first of the year They are min, ing people that are figuring on this and if they succeed in getting control 1 our stock will be worth $40 to $50 per share, and if they do not make if stick, we will not be out anything and everything will 90 on the same as | if they had not made the effort. If go ahead with the business as mapped out. will probably take a run to San Diego soon 10 get all parties together I am inclined to try tO help the mat ter along, as l believe. if the move ! is successful, We will have good 1 show to get out on the stock they allow US to hoIei.'
 The foregoing letters show clear | ly that Mir Graham had already formed the plot to obtain control oi all the claims of the original owners against the Tigre Mining Company iT order that he might make use of them 1 as a pretext to declare a forfeiture of the contract, and seize the mine, as he afterwards did, and if he could succeed in getting controp of tho mine. and deprive the Tisre Mining Company of its property and make it stick as he planned, he would re sell the mine for large sum oi money.
 Tn pursuance of these plans. ths ! Ensenada Mining company was or | ganized as the instrumentality of Mir Graham to acquire the 'Tigre Suer tudo' and 'Conlbinacion' mines. Ths organization of the EDsenada Mining company and the transfer of all tbs credits or claims of the original cred itors to that company. during the month prior to the date when the pay ment was due, which Nr Graham used as a pretext for seizing ths mines. and before he could have mad, any pretense or put forward an; claim that said payment would no
 be made by the company. clearly in dicates the conspiracy. Mf. Graham 0of hir,ea1f anr1o;ufod r,rccfaanf -rf