The San Francisco call., 1909-10-08
RIVAL FACTIONS
SEEK CONTROL
OF PROPERTIES
Heushaw Forces Are Beaten by
Ladd=BrOwn Interests in
Sharp Conflict
San Juan Portland Cement
Company is Given New Off
GERS With One Exception

Millions were marshaled asainst mil
lions yesterday in the third decisive
engagement of the war being waged
between the Ladd- Brown interests and
". c. Henshaw forces for a controlling
voice in the properties of the rival
capitalists The first battle of the
series. The fight for control of the
Palmer oil company. really. won the
whole campaign for Brown and Ladd,
for they were victorious a few days
later in the contest for control OF the
Old Mission oil company and again
successful yesterday, when the offleers
Of the San Juan Portland cement COM
pany Were elected Only one of the de-
feated faction, J. C Kemp Van Ee, Sc
cured A place on the board of direc-
tors And he did this only by consist
entity voting all his proxies and per-
sonal stock for himself.
The fight is not yet over. as the con-
troll of several extremely valuable prop
critics is vet 10 be decided But the
Nictors have their opponents in full
fight. and the elections viii be but
mechanical affairs ". C. Henshaw,
brother Of the supreme justice and a
leader of the vanquished ones, did not
even put in an appearance yesterday
or al the election of the Old Mission
oil companys officials. He recognized
that the battle Of Palmer oil had de-
posed him.
MANY INTERESTS INVOLVED
Concerned in this revolution in the
control Of the S25. 600 600 companies Is
more than one strong interest In TINS
city and elsewhere. The real decisive
battle concerning the Palmer oil COM
psnv was waged over all the United
states. and one stock holder, coming
from Europe. was met at New York by
enlisss ries sent from across the cOun-
try 10 seek his proxy. This man the
HeushaW forces won. The temporary
victory was fruitless, however, for by
bare margin OF 5000 shares out OF
the whole issue Of 100000 the Lad :
Brown interest came into power and
controlled the output of the great
Palmer gusher. This is perhaps the
most famous oil well in the world and
is the chief working property OF this
concern on the Santa Maria oil fields.
sitting in his office in the Metropolis
bank building yesterday afternoon, out
directing the affair, was attorney GAVIN
AIcNab who planned for the fray,
placed the chinking troops and laid out
the traps for the enemy to tail INTO
Attorney Lewis A. Hilborn was on act
i've duty at the meeting When the
tumult and the shouting had died the
officers Of the San Juan Portland ce-
ment company We're found 10 be the
following: Charles +. Ladd, president;
Frank L. Brown. vice president; Lewis
A. IIilborn, second vice president; Il
c. Stratton. secretary and treasurer;
Frederick W Hall general counsel
George l. Walker: J. c. Kemp Van Ee.
WILL DEVELOP PROSPECTS
Kemp Van Ee hoped TO vote proxies
held from shares owned jointly by II.
p Wilson and Frank L. Brown, who
are now opposed in this conflict. IT
was decided he could not do so. II. =.
Wilson who is one of those behind the
Great Western power company, used
the influence OF that concern in the
fight. and secured the aid of the FIRST
national bank, while his opponents re-
lied on the influence of the Croker
bank
The great syndicate which originally
purchased these properties was COM
posed OF Henshaw. Ladd, Gustave Bau-
mann, proprietor of the Holland house
OF New York, and II. P Wilson. After
on 4 question of the method of con-
possessed were charged with having
for stock manipulating purposes, while
with al eye TO dividends.
The San Juan Portland cement COM
psny is declared to hold the most val
liable properties of the kind on the
Pacific coast