The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1911-10-03
FUSS OVER MICA.
HI. S. Anderson Descends on To-
peka Company.
Claims He Owns Mines They Are
Using.
ASKS FOR A RECEIVER.
Charges Company Is Trying to
Freeze Him Out.
Officers Here Tell a Different
Story.
SKIS FOR A RECEIVER.

and injunction, the appointment of a
receiver and an accounting of the af-
fairs of the Anderson Mica Mining COM
] pany, was asked for today in a suit
! filed in the district court by H. S. Az
| derson, alleged owner of the mica
mines in New Mexico from which the
| Topeka corporation is receiving its
output.
In the petition filed in the court by
! Waters & Waters, as attorneys for An
derson, it is charged that S. B. Rohrer,
president of the Topeka Land and Tim
Der company, and an extensive stock
holder in the mica concern, has en-
deavored to freeze out Anderson and
his interests through a recent re-
organization of the company. For al
most a year the mica company has
| been operating in Topeka. 1t has sud
| denly grown to one of the most pros
| porous and promising enterprises in
| the city and its future has seemed ex-
tremely bright. Reports from geOlogists
| who have visited the companys hold
| ings claim that the mica supplies con-
trolled by the Topeka corporation are
practically inexhaustible.
It was several years ago when Ander-
son was an operator for the Santa Fe
in New Mexico that he came in possess
sion of what he says is a veritable
mountain of mica When Anderson
returned to Topeka, he began a search
for plans to finance his holdings and
Anderson's financial rating was limited
and it took time to interest the men
who controlled finance in his underak-
ing. Finally the Anderson Mica Min
ing company was incorporated under
the laws of New Mexico. Its incorpor-
alton papers and charter were for a
capitalization of $780, 600, of which An
derson was to control 251, 900 shares of
fully paid and nonassessable stock in
exchange for a stipulation that he was
70 ,fcI, he of o1 lf
mine The remaining stockholders were
to finance the enterprise and provide
for machinery, the first cost of which
was to be paid from the net earnings
before declaring dividends.
Then S. B. Rohrer came on the
scene. On January 12, this year,
Rohrer is said to have entered into an
agreement whereby he was to furnish
the necessary capital to develop the
mines and deposits of mica and to
place the finished article on the
market.
The company's plant was located in
Topeka. For almost a year active
operations have been conducted at 119
Quincy street and at the present time
the company has on hand a large
amount of the finished product. In
exchange for his rescue of the young
corporation, ROhrer is said to have
received 205,56O shares of fully paid
and nonaSseSsable capital stock. In
addition to this Anderson himself
turned over to Rohrer 22,720 shares
of his stock and later gave Rohrer
against a small loan. These blocks of
stock gave Rohrer the personal con-
troll of the affairs of the Topeka insti-
tuition, as had been provided for in
the agreement.
Immediately after Rohrer gained
control of the affairs of the new COM
pany, the concern began to grind and
store mica at it's plant on Quincy
efr Ia- Tev,
mill has been a, busy place, but only
in a limited way has any of the output
been placed on the market
When the plan for active manufac-
ture of the finished article was COM
pleted, it is claimed, Anderson was
named as president of the company
at a stipulated salary of 500 a month.
The companys assets were being used
in the development of its holdings and
Anderson says he made no complaint
when his salary was not Forthcoming
each month. For eleven months An
derson says he had held the presi-
dency and never a dollar has he re-
ceived for his services.
Then things began to happen, which
resulted in the absolute reorganiza-
ton of the company. 1t is charged by
Anderson that about September l.,
Rohrer, as owner, holder and in con-
troll of the majority of the capital
stock, began campaign of reorgani-
zation which he says is for the pur-
pose of ousting him from the COM
pany and of damaging his interests.
Now it is charged that .Rohrer ap-
pointed a number of his personal
friends as members of the company's
directorate and ousted Anderson from
his position as president. Anderson
says he does not know who the new
officers of the company are, but IN his
petition he is sure they have been
named by Robrer with the intention
CT damaging his interests.
Then came the Topeka Mica COM
pany, which Anderson declares is the
name of the new corporation. Through
a manipulation engineered by Rohrer
pany leased to Rohrer for period of
three years all it's mica beds mines and
properties at a royalty of 81 a ton for
all mica ground at the company's
plant; the stipulation providing that
the monthly output should at no time
be less than so tons. Further it was
provided that an accurate account of
revenue applied to the indebtedness,
and that Rohrer should further have
the right to assign the leases with the
approval of the board of directors,
that in case of default, the holdings
should revert to the original company,
stipulating that added improvem ents
may be removed and that Rohrer shall
at his own expense keep the premises
III repair.
This program seems not to have
suited Anderson at all. He now re-
cites that neither the old company nor
the new corporation has qualified to
do business in this state and for this
reason the proposed changes are ille-
gal. Then. too, Anderson's valuable
interests, he says, are being slaugh-
tered and If the transfer is permitted
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