Los Angeles herald., 1910-11-03

chief inspector wrote that "As the
transaction in question took place over
three years ago, criminal prosecution
on this complaint would be barred by
the statute of limitations" The acting
chief inspector however. requested
that all the literature bearing upon the
affairs of the company which had
passed through the mails within the
last three years be sent to him.
WORD FROM TEXAS
Last spring one of the stockhold-
ers in Washington got in communica-
ton with Dr. Phillips, the state geolo-
gist of Texas, who had just made trip
through the Guaynopa district. He
thought that r. A. Walker or Charles
e. Starkey of ColOnia Juarez Chihua-
hua, would probably know something
about such company. They did. And
right here the real trouble of the story
begins. Starkey and partner, B. L.
Croft, wanted to find the officers of the
Mexican Gold-Copper Mining company
particularly President Graydon. The
correspondence with these men and
with others in that neighborhood is
voluminous.
Starkey's letter was in part:
"About four years ago E. L. Croft
and Edmund Richardson, who are my
present associates, and myself entered
into deal with Graydon for mining
claim called the Utah. under an
agreement, he, Graydon, to pay us a
certain sum of money and a block of
capital stock outside of a 100000 share
treasury fund. At that time Graydon
had interested some parties in Califor-
MIA and later got Marsh interested. We
let them have full sway, subject only
to business agreements, which were
placed in bank These men did not
IL r,-ik1 ~,
part and after many extensions of six
months or more each, granting to
them every concession asked of us;
then they finally dropped out of sight,
leaving us and many others, I believe,
to hold the sack. They paid very lit
tie money on the mining end and we
carried some of their pay rolls and
furnished supplies from our camp
alongside, over $500 United States cur
rency still unpaid.
GRAYDON sKLPs
"Graydon also left a man in charge
CH. Muller) and this man had some
$4,000 Mexican currency still due'him in
wages. He was finally induced to
bring suit, which he did, against Gray
don, and instead Of selling chattels only
to satisfy his claim sold the land and
all The sale of the land cannot pos
sibly hold good. but still it has cast a
cloud on the title for the present"
The letters that come up from the
Mexican owners of that land seem
funny in the light of the stories Of
the millions of tons of ore at 800 ton
that were in siught. The Mexican
owners do not appear to know anything
about the power plant for running a
10OO-ton smelter and they do not seem
to know anything even about the tenn
porary 100-ton smelter that was in
course of construction in 1907
The stockholders are holding meet
ings and having big laughs at their
childish faith and the ease with which
they gave up their money, but with
many persons in washington and it is
feared in Ohio it has been a serious OK
perence, instances having come to light
where husband and wife put their saw
ings of years into this mining venture.
The Washington stockholders, or at
least a number of them, have been
trying to find the Ohio stockhalders, |
because it is believed that they are
still in the dark as to where those
millions of tons of 500 ore are To-
Gated. ]. HARRY SHANNON. |