The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-08-29
COURT IS ASKED
FOR ACCOUNTING
Moon Alleges Provo Man Re-
fuses to Give Stockholders
Their Due.
$4,000 AMOUNT INVOLVED
SUCCESS AND COLORADO MINING
COMPANIES, DEFENDANTS.

That Jesse Knight, mining promoter and
capitalist of Provo, holds property valued
a. $4,000 which he refuses to distribute
among stockholders of the Colorado Min
ing company. is charged by A. T. Moon
in a suit filed in the Third district court
yesterday against the Success MininS
company, Colorado Mining company, Jesse
Knight. Ernest Williams Jacob Evans
and w. Lester MangUm.
Mr. Moon is representing a number Of
holders of stock in the old Success Min
ing company, amounting to 25,2JO OF the
100000 shares of the company, and places
the valuation on the holdings at $4,000
Those who have assigned their holdings
to Moon in the present litigation are: W
r. Wightman, 5000 shares, George W
Jones. $500; O. J. Bourne, 2,e0Q; ". W
Calder. LOCO: A c. Smith, 20OO; Charles
q. Sindar. 500, A. b. Montgomery. 1000;
w. J. Shelly, 1900; Mrs. J. w Farrell
GOO, George II. RaybOuld. 500; c d
EOo6lidge, 500; H. s. Mccain, 900; Homer
S. Humphrey. 1850; A. n. Randolph, LOO;
W, W. Rivers, 500; r, L. Colburn, LOU
shares.
Williams. secretary and treasurer of
both companies, it is claimed. disappeared
about two years ago. after issuing many
shares Of the Success stock and failing to
make the entries on the books. II IS
claimed that he prOfited by about $4,000
in this manner, and left the affairs of the
two companies in a tangle which has
aroused a number of suits Eight suits
of one form OF another. as q result OF the
sale of the Success to the Colorado com
pany. are now pending in the courts. part
OF which have been left to Judge c. W.
Morse Of the Third district court for ad-
Indication.
Conspiracy Is Charged.
Moon claims that on Oct. 81. 1906, at a
meeting of certain stockholders OF the
Success company, II was agreed to ac-
Cept the offer of 1880 shares Of Colorado
stock for the holdings of the Success com
pany, to be distributed on a ratio of 265
shares OF Colorado TO each LOCO shares of
Success stock. Moon charges d con
spiracy on the part of officers of the
Success company in putting through this
deal and accepting the proposition as Of
ficeTs Of the Colorado company. There
were many shares of Success stock on
hand, Moon charges, which were neiFser
distributed among the stockholders nor
stock. He charges that neither this treas
Ury stock nor the 1850 shares of Colo
RADIO stock representing the purchase of
the Success company, have ever been dis
tributed.
History is brought to the attention of
the court, in that Moon sets out that on
Sept 20, 1907, Knight, Williams, Evans
and Mangum resigned as officers of the
Success company when the first suit was
brought against it. This was zone, he
charges, for the purpose of embarras sing
stockholders in the Success company.
Dividends on Colorado stock since Oct.
IS 1907, have amounted to Sl.10 a share,
Mr.. Moon says. and be expects another
dividend during the tendency of the
present suit. This money is held by
Knight at Provo with the Colorado be
longing to holders of Success stock Moon
charges, and he places the valuation at
SS0.O00 Mr.. Moon asks the court for an
accounting.