The Sun. [volume] (Price, Utah) 1915-1932, 1918-06-21
PRICE MAN WANTS
VERY MODEST
SUM
FtI.i.> FORTY THOUSAND DOLLAR
SANDER SUIT.
". a. Mcdonald Briug~ Action In
Colorado Courts Ngnlnst Four Pricc
Irntlcmcn Identified with the
Pctcr~cn-Culp Automobile Promo.
tiun-l'ooks Taken From Him.

We've cut him off not only at the
pockets. but just above the shoctops."
This was the comment OF one uf the
gentlemen connected with the Peter
scn-Culp steam Auto company in re-
fcrrinE to ~. a. Mcdonald upon his
return from Denver. Colo. q few days
ago. II appears that several 81 those
Identified with the affairs ~ the cor-
poratipu have Tor several months been
more than dissatisfied with MELON.
AIDS methods. Recently four ct Thorn
went to the offices of the corporation
nc the Colorado capital to stru!ghten
matters out M between the company
and the former Price man. also see
Rotary and acting president 81 the
vumpnuN IN ihc absence ct James a.
Petersen. president Mcdonald APP
pcat- t. have had q monopoly of sign
ing stock certificates as vice president
and secretary " the concern. Those
making the trip are ticnton Rand ,iph.
Thomas \ cup. John ". i,rdd and
James ~ Petersen.
Aftrr toe roundup and oustinE of
Mcdonald at a meeting of the dircc.
tors last week. the books and assets
~ IN, company were turned over tn
w y. wright Ir. an attorney. and
are being gone over 10y that individual
IN the interest ~ stockholders and tho
board ~ directors. These Officials are
careful ~ make no direct charge az
uinst the Price promoter" but they
throw uut some strong hints. Ne.
Donnid has drawn down Tor seven
months ~ thrrcahuuts. up to the time
of being fired or ouHtod. three hun.
drcd dollars month and expenses u
" stated This h. supposed To- have
come ftom stock snlcs---a fum that In.
dictates a. company officials. they nj
icg". that som" pretty high rolling
has b'vn iuduigrd In. An audit of the
books b. awaited a. show Just what
condition exists.
After the books ~ the Petersen.
Culp concern had been removed from
Mvpunnld's possession aud the Of
/ ficrs ~ the corporation CLOSED for re-
pairs" iH II were. tu IT, bank account
Mcdonald served the four directors
from Price prescott win summonsrf
I in SANDER suit. IN this he asks fuf
forty thousand dollars damages N
character. The complaint had not
been filed when the gentlemen quil
the CITY 81 the Plains Al are frank
/ In stating since that they regard the
suit purely In the light ~ u bluff and
that II now has gone ~ FAR ~ " svci
viii. The Eummons"H on the Price
crowd were served by g. w ODocl
Shores with apologies. one uf tho
other directors ~ the Petersen. CulT
corporation Il % gentleman named Al
len. the personal representative foi
many Year, of cot n. g. Dodge, for
mrr president ana general manager
ct the Denver and l,in Grnnde. III
trvum" Interested In the compnn,
Through ShuroH.
Price stockholders take the slandcl
ruu ~ huge Joke. The outcome nj
what Mcdonald does tn the men com
10 iained against ana what the latter d'
o. Mcdonald viii ho watched with In
lt'rrrt locally In the meantime. u I
stated that ear h completed ana hn
hren ridden n through the streets n
Denver. ana that IL h O. be shipped q
this city f"r demonstration purpose
room.