Bisbee daily review., 1918-04-14
Former General Manager Slips One Over Directors and Friends, Selling Most of His Pooled Stock

Another bOmbshell burst in the nov famOus Jerome Portland Copper Mip ing company case today when ie.'eiye Franz II. Dyer declared void ceItifi cates tor f03.9 .9e0 shares of stOcS eithe sold or held by A. B. Frame. formei president ana general manage.
 It has developed that Frame pooled only 66 .0O0 of the 469 .960 shares issued to him as his share of the promotion stocl and for eleven outlying claims which hc exchanged to the concern fol stock after he gained control. The 469 .ge0 shares were restored to the comrSny by order of Judge Frank H Lyman, sitting in the Superior Court of YsNapai county. but in the mean time Frame had sold the major part ci his holdings, supposed to be pooled in accordance with the orders Of the Ari Zona Corporation Commission and the agreement of the original organizers.
 Frames Local History
 A. E. Frame came to Jerome from Portland. Ore. early in 1916. His col lar was dirty. his shoes were run over at tie heel and he was dressed gener- ally as a man ~on his uppers." He stayed at the Sullivan hotel and gained the confidence of John NJ. Sullivan, the proprietor.
 Frame had been attracted by the JerorIc boom that followed the U. V. Extension strike and was looking for an opening. With Sullivan, George Brookshire. J. M Mahoney and w. P. Burke. he organized the Jerome Port land Copper Mining company, with 1.5OO.C0C shares par value fifty cents The company was to develop group of seven claims southeast of the Cop per Chief and south of what, is now the Green Monster, owned by Sullivan, Brool5shire. Mahoney and Burke.
 Frame was made general manager and he put a force of stock salesmen to work. His salesmen met with much success particularly in Bisbee and Vi cinity It is supposed that altogether about s29O. 900 worth of stock was sold mostly at 8 and fifty cents.
 IL is alleged that Frame took in di- rectcrs into his confidence just as lit tie as possible He gradually drew away from the local directors and stockholders and formed a little cote rie CT his own, mainly of Bisbee peO- pie At the general election held in December. 1916. he elected his, own directors, leaving out the men who had originally owned the property and assisted him to organize the company.
 Frame was able to gain control be- cause he had traded the company elev- en outlying claims. located by himself and represented by him to be of great value. for a big block of stock. Sub sequently, when stockholders complain ed that the property was Bot worth the price. he restored 25,O00 shares to the treasury. Frames promotion stock and what he received for the claims, less the 25.O00 that he relinquished, totaied 469 ,96O shares.
 Suit Filed
 In the early part of 1917 Sullivan Brookshire, Mahoney, Burke, George Moore, Jake Webber, ". H. Sprangle and Ralph Greenlaw brought suit to oust Frame They contended that the exchange of claims for stock was made through fraudulent representations and that all through Frames dealings in connection with the Jerome Port land smacked of high finance In Jan uary Judge Lyman handed down de- cision ravoring the plaintiffs and ap- pointing Dyer as receiver. Frames 469 96G shares. all the time supposed to be ir pool at the Bank of Arizona in Jerome. were ordered restored to the treasury. It was directed that the eleven claims be turned back to Frame
 Operations Suspended
 Or. the last day of the year Frame had suspended operations at the Je- rome Portland property. where he had been in charge from the first as gen eral manager. This action came as great surprise for on the witness stand only few days before, he had stated that the company had something like S60.OG0 in it's development fund. Frame sold part of the equipment, shipped the safe by express to Portland, and disappeared It was found that the company had no money in bank. On the contrary it had current bills amounting to nearly S15. 900. The Iarg est of these. slightly in excess of SS,OOO was held by the T. F. Miller company of Jerome. which promptly attached the property.
 The safe was recovered by the re- ceiver before it passed out of the han~s Of the express company, but nothing of any importance was found therein What Frame wanted with it is only one of the many puzzles con nected with his conduct.
 Stock Missing
 When Dyer called for the stock in pool at the Bank of Arizona. he found the certificate representing the shares issued 10 all the original organizers except Frame Only 66.OO0 shares Of Frames stock were there and appar- ently no more had ever been there. He