White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1914-05-17
WANTS RECEIVER
FOR CON. COPPER
COLONEL WALL OF SALT LAKE
CHARGES CONSPIRACY AND
SEEKS TO DISSOLVE MINING
COMPANIES.

Martin w. Littleton of New York.
representing Colonel Enos A. Wall
of Salt Lake, applied to the United
States court at Wilmington, Della
ware. last Thursday. for the appoint
ment of a receiver for the Consoli-
dated Coppermines company, with
properties in this district.
The complaint in the case was
drawn by Judge w. II. King of Salt
Lake and covers thirty closely writ
ten typewriter pages. It goes at
length into the history of the Ely
companies that were in May, 1918.
merged into the defendant company.
In the complaint Colonel Wall de-
clares that at the time of the merger
he was a stockholder in two of the
companies included in it, owning
81 GOO shares of the capital stock of
the Giroux Consolidated Mines COM
pany and S.700 shares of the capital
stock of the Butte & Ely Copper
company.
The complaint recites the secur-
ing of the control of the various
companies subsequently included in
the merger by Thomas F. Cole and
William B. Thompson, named as de-
PENDANTS, and asserts the belief that
Thompson controlled the Copper
mines company and the Chairman
company, also included in the final
merger
The complainant charges, on in
formation and belief. that Cole and
Thompson wrongfully conspired to-
gether for the purpose of obtaining
the ownership and control Ultimate
ly of all of the properties and par
ticularly of all mining claims owned
by the Giroux and Butte companies;
that in pursuance of the conspiracy
Cole and Thompson caused the Con-
solidatcd company to be organized,
that they might use it as an instru-
ment for the acquisition of the cap
ital stock of these companies; that
they represented to the stockholders
of the Giroux, Butte. Copperpaines
and Chairman companies that con-
solidation of these companies was
necessary and that without it the
properties of the Giroux and Butte
companies would be of little. If any,
value and could not be profitably
worked: that unless a consolidation
was effected all work upon the Gil
roux and Butte mining claims must
be suspended and said corporations
go into the hands of receiver, but
that If combined. the properties
could be profitably worked and that
the Giroux and Butte were without a
sufficient water supply for reducine
their ores
Complainant also charges that
while disparaging the Giroux and
Butte properties, Cole and Thompson
represented the mining claims of the
Coppermines and Chairman COM
panies to be of great value because
of their alleged large and rich de.
posits Of ore.
After setting forth the terms OF
the consolidation agreement under
which the stock of the constituent
organizations was to be exchanged
for that of the consolidated concern,
and revie wing some of the financial
transactions in connection there
with, the complaint charges that de-
PENDANTS wrongfully and in pur-
suance of their alleged conspiracy
purchased for the Consolidated the
New Ely Central Mining company's
property. which the plaintiff charges
Is of no value.
1t is also charged that the defend
ants, Cole and Thompson. controlling
the board of directors of the Butte
company, took from the treasury of
the Butte company 500. 900 belong
ling to the Consolidated and Giroux
companies to the injury and damage
of both Butte and Giroux stock
holders.
The complainant asks for the re-
turn of his Giroux and Butte stock,
and that the same decree be entered
in favor of all other stockholders of
the two companies similarly situated;
that defendants be restrained from
selling the bonds of the Consolidated
company. incurring any further debts
or encumbering the properties OF any
of the constituent companies; that
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