Bisbee daily review., 1906-12-13
NJ SETTLEMENT IF 4. M. $ ).
 l DISPUTE
Opposing Factions Offer Props1 osidons, All of Which AreI RefusedA Recourse Will Bel Had to. the Courts.

As matters stand at the present time it is probable that there will be no settlement of the difficulty which have arisen among the stockholders of the American Mining and Develop ment company, without resort 10 a legal fight which will probably drag along for some time. At the meeting of the parties 10 the dispute, which was held in this city yesterday. no settlement was arrived at, and repre- sentatives of both sides now say that they will stand their ground.
 A meeting was held in the office of O'Connell & McReynol6s yesterday afternoon, at which were present rep resentatives of the conflicting inter ests, and two different propositions for settlement were made.
 D. A. Richardson. in behaf of c. G. Jones, of Oklahoma City, offered to let the local stockholders name their own board of directors. barring Brandon and Chas. Sanders, in addition to nam ing the management oI the property, as long as the persons selected for this purpose would be competent, and to leave the settlement of the present dispute to three disinterested persons.
 This proposition was refused by the local people, and then J. NJ. O'Connell, in behalf of the other side, offered to give the Oklahoma people 49 per cent interest in a new holding corporation in exchange for their present interest in the American Mining and Develop ment company. The Oklahoma peo- pie would not consider this proposi- tion, so negotiations were broken oil,
 When seen last evening and asked concerning the matter, Richardson stated that he felt that his clients had offered everything that was reasonable in order to effect settlement of the dispute. and as it had seemed proper to the other side to refuse the offer, the matter would now be taken up in the courts, and fought to the extent of the law. He claimed further that the Oklahoma people were the only ones who had put up any money for the development, and that his side was acting in the interest of very near ly million shares of stock, while the opposing faction had only sixty thou sand shares.
 Richardson, accompanied by c. G.. Jones and Adalbert Hughes, will leave for Douglas this evening.
 When seen last evening and asked for a statement in regard to the mat ter. J. NJ. O'Connell, of the firm of O'Connell & McReynolds, stated that they considered they were acting within their rights in view of the man. ner in which the property had been handled in the past, when they de manded that in the future it should be placed in their hads. He stated that the Oklahoma people had refused to accept an offer of 49 per cent or the stock in a new hold.ng company, and that as his clients are in posses sion of the property, they intend to stand on their rights, and let the op- positions appeal to the courts demon. strate their claims. O'Connell stated further that as the American Mining and Development Company is only holding company, and as the title to the property, which is in Mexico, has never been transferred. he could not see where the other side, even though 1t held a majority of the stock, was in any position to dictate terms. He went on to say that the agreement upon the completion of which the title was to be transferred. had never been carried out by the Oklahoma stockholders, and for that reason they forfeited their rights.