Weekly journal-miner., 1915-07-08
THE REAL FACTS CON-
 CERNING BIG LAWSUIT
(From Fridays Daily.)

Prescott, Arizona, July 1, 1915. To the Editor of the Prescott Jour
 nal-Miner, Prescott, Arizona.
 Dear Sir:
 Permit me to offer the following, which I trust you will find agreeable to publish: In publishing an account of the suit brought by The Develop ment Company of America, against The Southern Pacific Company, mistake was made in representing that, "it is claimed that Judge Lovett directed the managers of the various mining companies of which The De velopment Company of America was the holding company, to draw upon The Development Company of Am erica, etc; that such drafts would be covered by The Southern Pacific Company" The drafts authorized were to be paid by The Development Company of America from the pro- ceeds agreed to be furnished by The Southern Pacific Company. Judge Lovett's secretary had nothing to do with The Southern Pacific Company's refusal to keep the agreement enter ed into by and between The Devel- opment Company of America and The Southern Pacific Company-as result of weeks of study on the part of those representing The Southern Pacific Company, who had before them, full data upon which they based their conclusions that the prop erty they were to acquire, was worth in excess of $15,OOOOOO-no did he communicate to The Development Company of America, anything re- garding Judge Lovett's intention to break the agreement. Judge Lovett was not absent from New York when the payment was to be made. He, and The Southern Pacific Company, violated as clear an agreement as was ever entered into by corporations or individuals, as will be proven. A more dastardly, or more outrageous piece of business, could hardly have been conceived No justification can be found for what happened, not even flimsy excuse. It would appear that a cold-blooded, pre-conceived plan had been thought out, having for its purpose the destruction of The Development Company of America, and the financial ruin of many. All that The Southern Pacific Company had to do if it did not wish to buy control of the stock of The Develop ment Company of America, was to allow the $5OOOOO it had agreed to loan, to rest as loan, fully secured, as per understanding. An honest in vestigation would have proven be- yond question, that the deal as agreed to, whereby The Southern Pacific Company would have gotten control of the stock of The Development Company of America, under condi- tions specified, would have proven one of the most profitable invest ments The Southern Pacific Company ever made. Refusing to carry out the terms of the agreement, after getting The Development Company of America into position from which it could not extricate itself, the decis- i've blow was struck. No lives were lost as was the case through the sinking of the Lusitania, but no end of suffering and loss was sustained by many, and is being suffered today. Such things should not be permitted. Evidently it was thought The Devcl- opment Company of America, crip- pied as it had been, would not be able to stand up against the powerful influence of The Southern Pacific Company. Time will tell An hon est, untiring, heroic effort was put forth by officials of The Development Company of America to save its property, but it was found impossible. The submarine, under the direction of dishonest, hcartless commander, had gotten in its work, and all was lost. Possibly my having testified tor the government in the Union Pacihc-Southern Pacific case, may suggest poor reason, though I ask ed Judge Lovctt in advance of taking up negotiations seriously with him, if there were any prejudiccs existing on that account that would prevent our working together, and he said, No, that that matter had been for gotten"
 F. NJ. MURPHY.