The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1908-06-27
STOCK FRAUD
UNEARTHED
Daring Swindle Worked
By GOIdfieId COnsOli-
dated CIerkS--ArreSted

SAN FRANCISCO. June "a
conspiracy hatched in the offices of
the Consolidated Mining companies
at Goldfield, New, through which 1O,-
900 shares of mining stock were
stolen from the office and sold in San
Francisco to various stock brokers
for about 1880 has been discovered
by the expert accountant of the COM
panies, and already the two con-
spirators are under arrest In the Ne
vada town.
The theft of the stock was fol-
lowed, it is alleged. by forgery, which
J. F. Simpson, manager of II. II. Nor
wood, stock broker at 306 Bush
street, AYERS in a complaint sworn
to by him was committed by M. B.
Leavins. warrant was issued on
the complaint of Judge Cabaniss, and
Immediately thereafter a telegram
was sent to Goldfield to arrest Lea
wins pending extradition proceed
ings to bring him back to this city.
In Simpsons complaint the spe-
cific charge is that Leavins forged
the name of J. G. Culver to 1000
shares of stock of the Sandstorm
Mining Co., Goldfield corporation.
This stock is part of 5000 shares
which Leavins is said to have got
from H. ID. CLANCY, clerk in the
Office of the Consolidated companies
at Goldfield. CLANCY is accused OF
stealing these 5000 shares and also
1000 shares of Columbia Mountain
stock and giving them to Leavins.
who then came to San Francisco and
disposed of them in different amounts
among the stock brokers.
George Wingfield. president of the
stock board and also president of the
associated companies, stated yester-
day afternoon that CLANCY issued
new certificates of stock on old can
celed certificates which had been re-
turned to the Office. This was done
in the absence of the secretary from
| the Office. The expert accountant
discovered the double issues when go
ing over the books, and soon found
that the 10. 00e shares had been sur
reptitiously issued. An investiga-
| tion followed and suspicion was di-
rected to CLANCY. He had left Gold
field. Some time passed and Chaney
was caught in southern California
and confronted with the issuance OF
the certificates. He confessed and
went back willingly to Goldfield.
where he is today.
In his confession the clerk impli-
Gated Leayins as his associate in the
embezzlement of the certificates. In
addition to the theft of these shares.
Wingfield said that CLANCY took
1000 shares of stock of the Fair
view Eagle Mining Co.. but returned
the certificates after being appre-
hended in the south.
After Leavins sold the shares at
about 30 cents a share in this city
he spent some time in the country
and then returned to Nevada. Wing
field gives the amount realized on the
certificates at S2,500. With the
money jangling in his pockets, but
no thought of the possibility of de-
lection. it is alleged that Leavins re-
mained in Goldfield.
The certificates were forged. the
bogus ST snatures on them being those
of the holders of the cancelled certi-
ficates They were offered in differ
ent amounts to stock brokers. who
sold them for Leavins and gave him
the money realized from their sale.
One broker said that the shares had
been sold several times and the fraud
was detected only when they were
presented to the companies purport-
Continued on page four.