Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1907-10-01
ALLEGE SALE OF
BOGUS STOCK
DIR. SANCHEZ CHARGED WITH
SELLING WORTHLESS Sc
CURITIES.

which has been on the hooks for
some time, involving DR.. c. T. San
gree, president of the Walker Lake
and Goldfield Consolidated Mining
Company, and challenging the valid
ity of the stock of that concern, by
which many thousands of dollars of
innocent investors money is jeopar-
died. is given to the public for the
FIRST time, through Colonel r. A. Fal-
kenberg, who makes many damaging
| charges against Sangree.
The property involved in the tangle
of affairs now in the hands Of federal
authorities in several States, consists
| of nine mining claims in the Walker
Lake district, sold by Colonel Falken-
berg last December to DR.. Sangree,
under the agreement that company
was to be incorporated and stock is
sued for the development of the
property, part of which stock was
to be consideration in the transac-
ton.
| In speaking of the matter yester-
day, Colonel Falkenberg said:
II not only never received the
stock, which was to have been part
of the consideration for the property,
but l have proof positive that the
company has never been incorporated
although about $4,000 worth of the
stock has been sold to various people,
mostly in the East, and the money
collected.
This company was supposed to
have been Incorporated under the
laws of Arizona, but over the sigma
ture of Secretary OF State, l have
the assurance that no such company
has ever been incorporated under the
laws of Arizona. | have also the word
of the Secretary of State for Nevada
that the articles of Incorporation have
never been filed in his Office for that
company
The county clerk of Esmeralda
county, in which county is situated
the principal place of business fol
the company, also writes that moth
ing regarding the company has evel
been filed with him, and the same re
port comes from the county clerk
Office here.
Walter H. Knapp of New Yorl
writes that he paid $1,000 for certifi
cate No. ], calling for 1900 shares o
the stock, to DR.. Sangree, and tina
= the certificate appears regular on it
face. l have numerous other com
munications of the same characte
from various parts of the country, II
telling the same story.
"The certificates naturally seem al
! right on their face, but inasmuch a
!, the company has never been incor
! porated, they are, so far as I can dis
cover, worthless.
;, Recently DR.. Sangree, accompan
: led by his attorney, called upon m
and offered to return all the min
:, claims with the exception of one, 70
a certain interest in my Wild Hors
property of the White Horse district
and either that offer was off-color @
he was making a proposition whic
was illegal, in offering to dispose {
! something which belonged to tn
stockholders of the company whic
Y he has sold stock in.
4 There is lot of other evidence
Y this matter, which ] am not prepare
: to give out just yet, but you can sa
4 that have placed the matter in til
4 hands of the federal authorities, VIII
:. are now making separate invest
y cation of the affair. :"
y DR.. Sangree, it viii be remembe
y ed, was the man who was arreste
n about month since by the local p
II. lice. on telegraphic warrant fro
Il Hawthorne and was taken there u
u der arrest. More or less mystel
y hung about the affair at the tim
: but 1t was partially cleared by h
- release upon settling the claims MAJ
= by Hawthorne creditors at the tim
~ Where he is now is not definite
- known, he having left here some da
- ago.
n s4glL