Arizona republican., 1915-11-13
ACTION BEGUN ID |hVAL|DATE
 CUBAN CHARTER
Suit in Tombstone to Set Aside Corporation of the Federal Plantation Com pany Men of Interna- tional Repute Involved

Clarence A. Mackay, head of the Mackay- Bennett Telegraph and Cable l company, and William w. Cook. gen , eral counsel for the Mackay interests and Claus A. Spreckels. the sugar king. are the central figures in a suit filed in the superior court in Tombstone yesterday.
 Charging Mackay and Cook with having blocked the development of the Federal Plantations company. of which they are the controlling stock holders and he the president, Spreck- els has brought suit against the com pany. He asks that a receiver be appointed, that the affairs of the company be wound up, and that the
 property of 10000 acres of land in
 Cuba be sold.
 Attorney General Wiley E. Jones
 filed suit against the company hero
 last week, alleging violations of the corporation laws of Arizona under
 which the company was organized and asking that it be dissolved.
 In his bill Spreckels sets forth that since the organization of the company thirteen years ago it has taken no steps to cultivate or develop the land, or otherwise to turn it to account, and that the land has deteriorated through it's practical abandonment. A majority of the board of directors. he states, are ready and anxious to pro- ceec with the development of the land and the cultivation of sugar cane, but that Mackay and Cook, who hold the majority of the stock, have persistently refused to concur or CO., operate in any action proposed, or to sell the land Tt a profit.
 Spreckels further alleges that since the formation of the company it has devolved on him to advance funds for the payment of taxes on the com pany's property and salary of a to care for the Iand, anu that the company is now in debt to the extent of several thousand dol lars which it is unable to pay
 In 1902 SprecEels. Cook, Mackay and P. J. Hoffacker acquired 10000 acres of land in the province of 'amaguey, Cuba, the first three named holding each thirty per cent and Hoffacker ten per cent. At Cooks suggestion they organized the Federal Plantations company, which was incorporated under the laws of Arizona with a capital stock Df $j.000,0 900. Half of the stock was then issued to Spreckels, Cook. Mack 1y and H0ffacker, the four incor- porators and the remainder retained Is treasury stock. In 1904 Hoffacker sold his interests in the company to Spreckels and retired from the di- -ectorate. which is now composed of 7. A. Spreckels, Clarence A. Mackay. l 'Vm. ". Cook, Pierre J. Smith and Charles T. Bingham.
 In 1911 Spreckels proposed to Cook hat he and Mackay cooperate with i Jim in raising funds to enable the l ;Ompapfy to develop it's land and carry, i 'ut it's original purpose, the cultiva- 1 ion of sugar, but that they both re- used to take any action whatever 1
 nd have at all times since persisted l n their refusal. He states that a l majority of the board of directors. in | act all except Cook and Mackay, fav- 1 'red some action, and failing to gain 1 he consent of the two controlling di- l ec:ors proposed that the property in | fuba be sold and tke profits distrib- | lted among the stockholders. Cook | md MackaY turned deaf ear to this | proposition and the matter was then ropped.
 Early in August of the present year he complaint states. the plaintiff demanded of Cook and Mackay that 1 hey either join with him in carrying i
 Continued on Page Five)