Weekly journal-miner., 1916-03-15
MAKE STARTLING ALLEGATIONS IN
 B|G SUIT
LIE DUG, BATRE AND MUIR RAY CHARGED WITH ATTEMPT TO FREEZE OUT STOCKHOLDERS.
(From Tuesdays Dsily0

T conspiracy to cheat, defraud and freeze them out" of the Big Ledge Mining Company. Nestor A. Young .Sr.. Hattie D. Young. O. C. Smith land the minority stockholders of the company have filed suit in the Su- Derior court asking that the terms of a contract agreed upon at a meeting of the stockholders 0e carried out and that an injunction be issued to re- strain the defendants from holding a meeting of the stockholders of the company tomorrow. March Is. lol6. It is alleged in the complaint that on March 24. 1915. the defendants, the majority stockholders of the company held meeting and unanimously adopted a resolution authorizing the sale of P mining claims in the Agua Fria district to the Big Ledge Devel- opment Company of which it is al legged Ernest LeDuc IS president, Charles Batre vice-president, and D. 1 D. Murray secretary-treasurer. The 2 mines are the Bee Nest, Lottie, Anna Belle. Gray Eagle. Flora, Cop per Blossom. The Bee. Rainbow. Cop per Chief, Pick & Shovel. Morning Star. Iron Spring. Silver Leaf. Gray Horse. Mountain View. Gold Dust, Starlight. Iron Junction. The Aztec, Ernest, Agnes and Claria.
 The resolution further provided that the consideration for the sale should be 300,OG0 shares of the capital stock of the Bio Ledge Development Company. to be paid over to the stockholders of the Big Ledge Min ing Company who in turn would sur render their stock on the basis of five shares for one share of the Big Ledge Development Company stock. The exchange of the stock. 1t is alleged, was to be made before March 16. 1915, and the plaintiffs state that to date tic exchange has not been made. but that on March 25. 1915, the secretary of the Big Ledge Mining Company delivered a deed to the Big Ledge Development Company for the p mining claims.
 The plaintiffs own total of ll5,OOD snares of stock while the defendants own a total Of l,465.SS5 shares oi stock in the Big Ledge Mining Com pany.
 Immediately after the transfer of the mining claims. it is alleged. the defendants entered into a conspiracy to freeze out" the minority stock holders in that they placed on tiie market and sold larpe blocks of stock of the Big Ledge Development Com pany and on the strength of the own ershiD of the mines acquired in tine transfer sold approximately O0,OU) shares at prices ranging from SIPS to S4.50 per share and used the money so secured to purchase and develop other properties. doing practically no work on the P claims of the com pany.
 Repeatedly. it is alleged. the plain tiffs have presented their stock fo- exchange but the defendants have al all times refused to make the ex- change and issue the stock in the Big Ledge Development Company.
 Pursuant to their alleged co1spiracy ; to cheat and defraud the plaintiffs ami other minority stockholders. it i; claimed that the defendants have call cd meeting of the stockholders for March Is. l9l6. for the avowed pur- pose of resembling the agreement and sale of March "A. 1915. and deed back to the Big Ledge Mining Company the 2 mining claims. in this ma1ner unlawfully preventing the minority stockholders from becoming share hholders in the Big Ledge Develop ment Company and participating in tte profits of it.
 1.. 4i,at are informed and believe that in order to defraud the minority stockholders the defendants have caused the or ganization of the Big Ledge Coppee Company and have entered into al arrangement whereby the stockhold CTS in the Big Ledge Development Company may exchange their shares for shares i'll the new company on .: fbasis of share for share with the paT value of the Big Ledge Development Company being Sl each and the Big Ledge Copper Company being s each.
 If the meeting is held the minority stockholders state that they will sui fer great and permanent damages and will have no recourse ii the defend ants are allowed to carry out their alleged fraudulent scheme.
 The plaintiffs also claim that they are entitled to an immediate exchange of their stock for that in the Big Ledge Development O. O'Sullivan X Morgan represent the plaintiffs. Cases Set
 The calling of the court calendar yesterday resulted in the setting O. the following cases: G. w. Hull vs. The Hull Copper Company. tor I March 20: c. (. Muncy vs. Hcrschci Hill. for March Is: Theodore Katich Tvs. The Golden State Mining Com panv. for April l7: Kate Hickey vS. Fred Ullman ct al, for March 7, Branncn & Sauer vs William BlicS ner. for March 2O. r. NJ. Weston was appointed as ad ministrator in the estate of John \. Weston. deceased nis bond being fixed in the sum of $S.000.
 Hearing of the final account and petition tor distribution m the estate of Peter Basich. deceased. was set Tor | March T. Maria Basich ol Peruslc, Croatia. Hungary. the mother IS nam | T