Bisbee daily review., 1918-09-03
HULL COPPER co. CASE IS SETTLED
 BY COMPROMISE
Minority Stockholders Win Out in Case in Superior Court at Prescott; Repre-
 sented by Local Attorneys

Advices have been received here that the suit brought by William H. Kemp and other minority stockholders in the Hull Copper company versus Charles w. Clark, United Verde Cop per company and others in the super for court of Yavapair county, has been compromised and settled The suit was brought for the purpose of secur- ing the cancellation of a portion of seven million, five hundred thousand shares of the capital stock of the Hull company, originally issued to George W. Hull, now deceased, and later pur- chased by the Clark interests. A com promise judgment has been entered. cancelling two million, five hundred thousand shares of the stock in con- troversy, having 6 par value of one dollar per share and a market value of about 60 cents per share, which stock is required to be surrendered to the Hull company for cancellation.
 As a result of the settlement, .the Board of Director so fthe Hull Copper company which has heretofore been whoOly made up of representatives of the United Verde Copper company in terests has been Te-organized. The United Verde Extention Mining com pany will now have a part in the man. agement of the affairs of the Hull company. George H. Kingdom gen eral manager of the United Verde Extention Mining company, has been elected to the board of directors Of the Hull company, and is now its vice president. The minority stockholders also are given representation upon the board by the election of John H. Page of Phoenix, one of the complaining stockholders in the Kemp case. Mir Robert E. Tally. general manager of the United Verde Copper company will continue as president of the Hull com pany.
 At the same time certain ccntrover- sies between the Clark interests and the United Verde Extention Mining company. notably the one involving the Copper Chief Mining claim, now on appeal to the Supreme court of Ari- zona, have been satisfactorily adjust ed between those interests. and the ap- peal in the case dismissed. The ad
 
 the two copper companies is a matter of congratulation to the interests in- volved. and the settlement of the Hull litigation, involving as it does the re- turn of such a large block of its stock, and the entrance of the United Verde ExtentiOn interests into the company, as we'll as prop& representation for the minority stockholders of the Hull company. As a result of the com promise. a long and complicated liti- gation has been happily terminated on a basis which should be and doubtless is satisfactory to all parties. And for the first time in years, the Hull com pany is now free from litigation ln- volving it's property or affairs. ..
 The compromise was affected in the Supreme court at Prescott on Friday last, after the case had been on trial before that court for several days. The interests of the minority stockholders were represented by the firm of Ellin- wood & Ross of this city; E. s. Clark of Prescott; A. H. Favour and A. E. Russell. The United Verde and the Clark interests were looked after by Anderson & Ellis. Thomas c. lobe, Haworth & Ling and the celebrated mining lawyer. John P. Gray of Idaho The news of the settlement will be received with pleasure by a number of residents of Cochise county who have stock in the Hull company.