Bisbee daily review., 1907-07-31

efSpatch iN the Review yesterday mCraing. telling cf the settlement of the Fl Tigre litigation, the following history will be interesting;
 Tn January. 1908, B. F. Graham a citizen If the Territory of Arizona, obtained from John r. Hohstadt an option to purchase for the sum of SG0e, eco gold. a group of mining prop critics known as the ''Tigre Suertudo" and "Ccmbin2cion. located in the district of Moctezuma, Sonora. Mir. Graham was without funds of his own and he immediately organized 8 Mex ican organization at Cananea, SoRcra, Mexico. to take the title of said mines, said company being named the Tigr Mining Company. and he organized an American corporation il Arizona, known as the Lucky Tiger Combina- ten Mining Company, to exploit said mines: the latter company to own al' the stock of the Mexican corporation and the capital stock of the said com pany to be sC51.010 gold; and imme- diately sold the greater part of the stock Of said corporation at par for cash. much of it being sold in Bis5ee and Douglas, but the majority Of the same being purchased by Kansas City people through Mr. Graham's repre- sentatiOas, and receiving himself for his services as promoter a large amount in stock and cash. He was himself president and general mana ger of the company from the begin ming and had entire control of it's operations. With the money that he thus obtained from the stockholders he had made all but the last two pay ments of the purchase price to the or iginal vendors and had partly developed the mine. during which time he discovered that the mine was an unusually rich and valuable prop erty, which awoke his ambition and the evidence exists that he formed, early in the year 1905., a plan to seize the property and freeze out the stockholders who had invested in it at his instance and upon his repre- sentation, and to resell the mine for very much larger sum, the mine having been valued by experts to be worth from three to five million dol lars. In this purpose he enlisted cer- tain other people, whose names were not revealed. but who are supposed to have furnished him means to carry AIIO SAA-EL HIS St0tHlG.
 His plan was an exceedingly shrewd one, and this was to get hold of the claims of the original vendors of the property for the balance of the pur. chase price.
 In the deed of transfer of the prop erty made by John F. Hohstadt to the TigTe Mining Company, s. A, he de- clared that various individuals-James F. Suits, 4. c. Riordon, James A. Tay- Tor. Harry H. Stine, [. Nj. Sturfes, Alexander Grant. E. D. Suits and c, H. Suits-had rendered him pecuni- ary assistance in acquiring and de veloping the property and il recogni- ton of this assistance he assigned 10 them all of the unpaid part of the purchase price fer which the said mines were sold to the Tigre Mining Company There were still two pay ments due up or the property, the enc which MT. Graham used as pre- text for seiziRg the mines being due of July 9th, 1905. In execution Cf his plan, he succeeded in the month Of June in peTsuading the said original creditors to organize a Mexican com pany, and transfer their credits to this company. the capital stock of the said company being the exact amount of the said credits. This company was organized with the name of the En- senada Mining Company, by said Graham. without the knowledge of the officers and share holders of the Tigro Mining Company and cOntempOTa. nCOusly with its organization in Can anea, Sonora, a deed of assignmen. was made of all the interests of the said creditors in the unpaid part of the purchase price of the mines, said credits being thereby transferred to the Ens lada Mining Company of which Mir Graham was made presi- dent and general manager, with full power and authority, judicial and eX- tTa-judicial to administer its affairs. At the same time MT. Graham took from said original creditors a con- tract of option, giving him the right to purchase the entire capital stock of the said Ensenada Mining Com pany. By this scheme he and those associated with him in the plan, who were not revealed, would become the sole owners of the Tigre Suertudo and Combination mines in case ne should succeed in wrestling them from the Tigre Mining Company This plan was fully consummated al- most two weeks before the next pay ment was due to be made by the Iii gre Mining Company to the said ori- ginal creditors, in the Miners and Merchants Bank of Bisbee.
 Graham had a short time previous to this, telegraphed to Kansas City has resignation as general manager of ( Yhn the American corporation, the Lucky |'Tigre Company, giving as his reason that he wished to engage in other bus mess.
 MT. E. C., Sooy, representative of the Tigre Mining Company. accom- panied by W. !. Morse, an attorney, arrived in Bisbee on the third day of July, 1905, from Kansas City with a draft to make the payment that was due under the contract on or before the eth of July, they encountered un- expected difficulties. They learned that gold coin would be ex1cted, which had never been done before in any previous payment, and they found for some reason that gold coin was not to be had in Bisbee All infer nation as to the condition of affairs was concealed from Mir Sooy and Mir. Morse, and anticipating same plot. they obtained the assistance of the Bank of Bisbee and telegraphed for gold to California, and on the morn ing of the fifth Of July received $4S,- s64 in gold, which was taken to the Miners and Merchants bank in bags and delivered to Cashier Hood in the name of the Tigre Mining Company, subject to the orders of the original creditors in accordance with the exact