Weekly Arizona journal-miner. [volume] (Prescott, Ariz.) 1903-1908, 1907-12-18
CIARK'S EXCORIATION
OF DR." J. WATERLOO


| tloh conforming 10 the bylaws.
After this, he issued from 4 s,o..
certificate book which was exclusives
in the possession of himself and Nj.
Tavenncr, 81 stock certificates. agra.
eating about $4,000 shares of stocL =,
the value of about $4,000. with
out indicating anywhere in the com.
pany records whether this stock w,.
his private stock or the treasury s,ook
of the company. IT this was priva,.
stock. he failed to deduct il from ri,
private stock, and held the voting
power this stock gave him from ,bs
26th day Of September, 1905, to abou,
the 18th day Of August, 1906. II. on
the other hand he intended il as tre,,
ury stock he should have turned ove,
to the company treasury about 400.
10000, and in this connection I wan,
to call your attention to Dinsdales
cash transactions with the COMPANY a.
shown in Woods report. In this nc.
count there is no evidence that he eve,
paid any money to the company and
ne also stated this on the witness
stand. This account shows that he
paid out for the company $32s.e5 and
took out $44s.1O, taking out sil9j
more than he had put into the com.
pany.
| After these transactions md nm N.
18th day of July, 1906. Dins,lale 70, N.
first time conveys to the COMPANY seven
mining claims. These are the claim.
that he says he received from som.
person for treating his wife's ava,
Dinsdalc claims TO be an oeculist. I'm,
does not appear to hold the necessary
certificate required by the statute. ami
when he treated this woman's eyes he
had no legal right to collect fees for
so doing, and it is these claims that
formed the base for the statement, in
the Little Brother Gold Mining uro.
pectuses issued tne year before that the
company's property was worth the
value of it's capital stock. that Is 10
say, that the company owned mining
claims and property to the value Of
$3.50, 10000. He had sold from stock
certificate books in his possessiou 40,
600 shares before the company owned
any claims whatever. The persons who
pure hased this stock obtained abso
lutcly no value Whatever for the money
paid Dinsdale. They simplv maid Din,
dale for blue sky.
| After this date. July II. 1906. Dim,
dale continued TO issue from the stock
book in his possession and on the 18Th
day of August. l9OC. h. had disposei
Of s3,45O shares Of stock. There 4, n,
evidence on the compauv hooks or rec.
ords anywhere whether this was Dins
dale's private stock ar the treasury
stock of the company. He neither de.
ducted this from bis avn holding nor
paid it's value into the company treas
| uTy. ms gave him two avenues OF
escape. IL med for the value. he could
claim IL as private stock: IL a demand
should have been made on MIN to de-
duct IL from his private holding, he
could claim that Il was treasury stock.
He charges the errors in the companys
transactions 10 his niece. Miss Taven
ner, but he signed cvery certificate as
president. and most Of the entries on
the stubs are in bis hand. writing.
October Is. 1909. Dinsdale turns IN
certificate "A with a transfer of some
thing over "a. 600 shares 10 other per.
sons and takes ont certificate No. 63
for 225.l4O shares. and from this date
to September nth ten certificates to
divers persons for l4.O6O shares, with
no indication IN Tho comnany book as