El Paso herald. (El Paso, Tex.) 1901-1931, 1918-09-09
COPPER
CASE SETTLED
Clark Interests Retain Con
troll of More Than Half
of the Stock.

Jerome. ARK, Sept 9.-The great
case Of the minority stockholders OF
the Hull Copper company TO over
throw the sale Of a controlling inter
est in the property 10 the ". 4 Clark
1 interests has been settled by compro-
mise. Chas. w Clark retains control
and possession Of 5.1S1.173 shares OF
the corporations 100000 shares
but returns 100000 shares to the
treasury for cancellation
Receiver HetheringtOn is discharged
without compensation. He never acted
as Clark filed a $4,000 900 supersedeas
bond that he might retain possession
some sort OF agreement that disposes
Of possibility that an apex suit mign
be brought against the United Verde
Extension company. on the basis OF
Hull copper groupings. seems 10 have
been reached
The Clark purchases were made two
years ago. 1t is understood thar
1900, 600 was paid Hull for his inter-
ests in the Hull. Cleopatra and a cou-
pie OF smaller groups.
Hull had done considerable Work on
the claims, including the driving OF
several deep shafts. though no re-
{ markable copper discoveries had oeen
made. His property. however lay on
/ two sides Of the United Verde. 10 the
west and south. with couple OF
claims to the southeast. IN two places
I cutting off access TO isolated claims
OF the United Verde To the soGtn-
east there was contact with United
Verde Extension ground, by claims Or
both the Hull and Cleopatra II Is told
that James s Douglas. nresident or
the Extension, had his eve on TINS
( ground Of HulTs but that he was out
I Unanswered by Clark.
Demand Accounting.
The Hull company's stock had been
I sold extensively, mainly IN the easl,
and about $500 holders were aftectee
nv the results Of the foreclosure ana
sale. They formed a stockholders
Z protective association, headed by W m
Z II. Kemp. Of Boston. and John H. rag 2.
{ q Phoenix attorney. and demanded OF
T Hull A full accounting Of his admin
| istration. including details Of the man
ner in which he secured the lell'
i through which he gained an a7paI r.
emily clear title 10 be passed on u
/ Clark
Hull. an old man, died suddenly IN
7 Los Angeles soon after he received
the cash for the mines his death IN
derstood TO have been FASTENED by the
worries Of the litigation. dating from
an examination in court at Prescott
The case was heard by Judge J. A.
Ellis, Of 1Iohave county. but he re-
tired from the bench before its de
! termination. Then judge Frank Ly-
man. Of Naricopa county. was called
In and a date for hearing had been
set. only TO be postponed on inuma-
ton that a settlement might be
reached
Conferences Satisfactory.
The conferences toward settlement
have been held in Los Angeles, par
ticipated in by Chas- W Clark. assist
ant general manager r. E Tally. OF
the United Verde and their attorneys,
and Kemp. Page, Elmer sykes. F. W
Lowry and Hugh Mckay. OF Denver
representing the Hull stockholders
Tally will remain as president OF the
FULL corporation George kingdom.
manager Of the United Verde l-xten-
sion. is vice president, ana Leroy
! Anderson. Of Prescott. chief counsel
Z for the United Verde is secretary On
the directorate they are Joined by
/ PAGE and Thomas Taylor. the latter
l the superintendent Of the United
! verde smelter. The conference was
4 adjourned to Prescott, where the com
J promise agreement was submitted 70
nudge Lyman With his approval
I there came an end 10 the litigation