Evening journal., 1916-12-05
VOHAH IS LURED
BY Tale Of cold.
Mrs. Metcalf Says McCune
Assured Her OF Million
Profit
$4,000 OF HER
MONEY IN COMPANY

Promptly at 1890 O'Clock this MORN
ING tho trial of Raymond McCune ana
Charles S. Miller was resumed M the
United States District Court some
little time was devoted to CORRECTION
OF minor errors Of the record or lhe
testimony given YESTERDAY
Former Judge David r. Marvel was
the first witness called today, being
recalled for the purpose of identllyinB
certain letters. He identited-a alee
bundle of letters as having passed me-
tween Miller and himself
George p. =. Bunnell was recalled
b. the government and idenihed a
letter as having been prepared by hlm
pt Miler's direction and copies sent
nm October 6. 1913. to all stockholders
nf tho Peruvian Exploration Company
NIr Wise objected to the intioducl ON
Of the latter as affecting McCune. lhe
rouri permittod the admission OF the
letter with that Imitation The let
lei ureed the attendance of the stock
holders al the Murray Hill Hotel, New
York. meeting and urged them 70
study carefully the map and report OF
AfcCune previous 10 the meeting.
Witness was handed another letter,
which. he said, he had prepared at
The dictat'on and direction Of Charles
-. AINNNNI. NNINN W NiAiAif A' NthANf ''ff
10 all stockholders after having heen
mimoographed The witness denied
that AS treasurer he had prepared the
letter in question without Millers
knowledge. 10 was admitted with the
same limitation as to McCune Ihe
letter provided for the financing OF
The Peru Gold placers Company. IN
corporated boy the organization OF an
underwriters syndicate. II proNdeu
that the Peruvian Exploration should
deed an it's property to the Maranou
River Placors. Incorporated, whicn
should sell it's holdings and stock u
the Peru Gold placers Company, IN
corporated. ,....
Nr Bunncu identified his signature
on the minute book OF the fcruNial
Exploration Company as secretary o
that company Witness stated thal n'
had taken the minutes OF several meel
ines and that his record was accura"
and complete ass TO the business trans
acted az those meetings.
MIR. Ball objected To the admission
Of parts of minutes of meetings am
Dlstrict Attorney Curley offered th
pntire record of the minutes, Whl'l
we're admitted without objection.
Vho fnnnrnl ulan outlined n the lc
fer of October I, 1913, contemplated
That Peruvian Exploration 1on
many deed an of its property m iei
a. Nlaranon River placors, hc, caWu
slOOOO. and comes into possession
every share of ITS stock
That Peruvian Exploration to0
napV spU every share oi Naranon XIV
placcrs. Inc. for S20OoOOOO TO fcl
Gold placcrs. Inc, Delaware corpor
iion. and receive payment lor saule
etock of said company S2oNou,uuo
4hc total capital of PERU cold fla'''
Inc bena 100000 shares ~ $50
share. The Peruvian Exploration Oo'
pauy will own every share
g. Bui Peruvian Exploration 'o'
many donates to Peru Gold flacge IN
goo COO of It's i.Oo0noo lull pad sha1'
in order that Peru Gold lhce's' lh
may be financed.
And Peru cold flcers, inc, li
ceeds to offer some of V1ese '-''''
shares for sale, VuF l'uVoo shares
g. per share. ,. .e,
a. an Peruvian Exploration Compnl
stoclboldors a commission of 33 l-3 y
,ent iu cash cm all stock sold ot &
porn cold placers, inc When 1t 70
,oid 10000 shares al So and paid g"
ror,missions of SlOO00o. II viii hn
ncttcd 5000 600 which rs @OuOo ma
4hnn The amount called for IN Mr. n
tnnes report.
a This 5000 COO Is needed only at :
rate of S20n0O per month Tor
months. hut 1t Is important that W
Gold placer- Inc kuoV mmcdat'
chat II surely Is 10 havc ihls ncome'
ordor that Il may begin unon Us op
roerino and installation Nork indical
IN Mr. McCunes report
z For that reason an underwnu
.,ndirate IA to he formed to guarap
sb, recent of this s20o000 by Peru O.
Placcrs, Inc.
3 I'm consideration of this mderwl
;,o 10000 shares of said stock will
oivan to and divided among the mS
bers of the syndicate m proportion
thcir underwriting.
q This underwriting will he open
stockholders of Peruvian EXploIat
Company for a limited period only
10 Copies of the underwriting agl
mont will be shown at the meeting
stockholicrs M Murray llQl Hotel
tober n. 1913 NJ 7.30 p. M
Mr.. Curley read TO the jury the m
ptes of the various meetings OF
peruvian Exploration Company.
rarding which he had questioned
Bunnoll. the secretary.
Witness identified the official nj
ute book of the Maranon River III
ers. Inc. and identifed his signat
rs secretary Of that company
stated that such minutes comprised
accurate and complete record OF
proceedings Of the board OF direct
NJ the meetings indicated. IN
records we're admitted in evide
without objection and were read
lhe jury
The same routine was followed W
the minute book Of the board OF
rectors of the Peru Gold Placer,
The underwriting agreement m
toned above was included In the m
utes Of this company. Miller was
financial agent of the various co
panies under this agreement.
Mr.. Bunnel was not cross-exs
med.
Mrs. Louisa ID. Metcalf of Pro
dence. r. l.. was the next witnf
She told Of meeting McCune in
fall of 1912. while on a voyage do
Panama. followed by voyage do
the west coast Of South Amer
from New York to Lima. Peru.
raid that McCune told her of the w
derful amount OF gold TO be found
Peru, and that he bad practically