Cañon City record., 1908-07-16
ASK COURT TO APPOINT
RECEIVER FOR OIL COMPANY
Jaeob Wanaee a. plaanta IN BIG Lawsst Peoos Jsdgs
Bahey TO Conpd Ialand Oh 4 REFINING Co.
TO Maize an AccoantAng 10 the United
United on Co. Stockholders

concern organized to exploit the
Boulder oil field. has used the funds
of the United OIL company for the
development Of a territory in which
the majority Of the stockholders were
not financially concerned. greatly to
their loss and detriment.
In view of this condition of affairs
they ask the court to appoint . re-
ceiver for the Inland Oil & Refining
company who shall render an account
ing OF its business to the stockhold-
ers, and that an injunction be grant
ed restraining It from any further is
sue or sale OF bonds during the PEN
dency OF this suit The plaintiff also
asks that the Inland Oil & Refining
company be prohibited from using the
tanks, pipe lines and other property
belonging TO the United Oil company.
which, II IL alleged, 1t has appropri-
ated to its own use and benefit
1t is further contended by the plain
a part OF the former working capital
of the United Oil company for use in
the exploitation OF the Boulder field
has been highly prejudicial to the oil
industry at Florence. and that not
only has its products been dsscrimi-
mated against for the purpose Of en-
richinE the defendants, but that the
diyerting OF its finances for the de-
velopment Of a rival field has made It
at times difficult to obtain the ne
cessary money to pay the wages Of the
men employed in the oil industry at
Florence.
The absorption by the Inland Oil
& Refining company. for a long per-
iod q non producer. of 50 much OF the
capital created by the United Oil
company has worked. according to the
plninti6. an irreparable hardship upon
ths majority OF the stockh0ldArS ol
the latter concern and Mr.. Wallace
and his associates now ask the courts
to intervene In their behalf and award
damages in the sum OF one million dol
lars.
When the case was called for trial
before Judge Bailey on Friday the de-
PENDANTS. through their attorneys.
filed a demurrer to the hearing of the
case at that time on the ground that
sufficient opportunity had not been
given them in which to prepare a
proper defense to the accusation of
the complainant. The demurrer. how
ever. was overruled by the court as
insufficient and the taking OF testt-
mony was ordered to proceed. The
first and only witness called ON Fri
day was Crawford Hill, president of
the United Oil company, and until q
few months ago president OF the In
land Oil 4 Refining company.
Mr.. Hill was kept on the stand all
Of the afternoon and submitted to rigid
examination. and was further inferno
gated this morning ~ the inQuisition
was NOT finished when court adjourned
recall many Of the material facts and
accidents In connection with the AZ
fairs OF the Inland OIL 4 Refining COM
pany and the United OIL company, hav-
ing left the control OF the business of
the former to q very large extent In
the hands OF Samuel r. Rathvon, its
secretary and treasurer, and could
not give any figures In relation to its
transactions, except those that had
been supplied him by Mr. Rathvon.
Last year, at time when the United
Oil company was getting only 75 cents
a barrel for Its product the Inland
Oil q Refining company, II is alleged.
was disposlng OF its output at 41.15 a
barrel. although 1t was in. no way =
superior article OF merchandise. Ac-
cording to the plaintiff this discrim-
ination was highly prejudlclal to him
self and other stockholders In the
United Oil company, and on that ac-
count they Ask the court 70 award
them an actual consequential damage.
Affidavits were presented to the
court ON Friday by the plaintiff from
citizens Of Boulder who aver that they
never heard OF the Inland OIL q Re
fining company until after It had foand
. producing we'll, It being commonly
understood BY them that the exploita-
tons OF the Asid there was bsiAg done
with the moasy and at the sxpenss Of
the United OIL company.
At the conclusioa Of Mr.. Hill's tss-
timony this 1aorning william n. RatA-
voa. oas Of the directors e The lAlaAd
OIL q Rs0ning company. was p9e q
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