Mohave County miner and our mineral wealth., 1918-09-07
SUIT INVOLVING MILLIONS
 SETTLED IN YAVAPAI COURT

The suit of Wm. Kemp ct al vs. the Hull Copper Co. and Charles w. Clark, Trustee, was brought to sudden close and settled in the Superior Court of Yavapai County on Friday, August 30, 1918, compromise having been effected whereby Clark is to return to the treasury of the company block of 2,5O0,000 shares of stock for can cellation, and is to have his title quiet ed to 5, 181,173 shares still remain ing in his possession. This gives Clark control of the Hull organization.
 The suit fled by Kemp ct al was in- stituted during the fall of 1917, and it was the supposition that the United Verde Extension was backing the minority stockholders in their efforts to dislodge Clark and his associates from the Hull organization. The com plaint alleges that Chas. w. Clark had secured block of over seven million shares of the treasury stock from the late Geo. w. Hull, the latter having come into the possession of such stock in a fraudulent manner. It was al legged that inasmuch as Hull had ob- tained the stock fraudulently and Clark had purchased the same with a knowledge of the means which Hull had used to get possession, therefore Clark should be compelled to relin- quish his title to such part of the stock alleged to have been secured un- lawfully.
 Three Superior judges sat in the case at time during its progress, Judge F. o. Smith of Yavapai County and Judge John Ellis of Mohave County having disqualified them selves, and the decree was finally en- tered by Judge Lyman of Maricopa County. In May, 1918, the plaintiffs filed petitioN asking that a receiver be appointed for the Hull Copper Co. pending the outcome of the litigation, and the court named R. A. Hethering- ton of Prescott to act in that capacity. The turning over of the property to the receiver was objected to by the Clark interests, and upon their put ting up supercedas bond in the sum of $f,0O0,000 the operation of the order was stayed, the bond remaining effect i've until August 30th when it was dis solved.
 The actual trial of the case was to have commenced Monday, August 26, but Judge Lyman having been ad- vised of the effort being made to eff feet compromise, deferred his ar rival in Prescott until he received word that stipulation satisfactory to both sides had been drawn up. Ac- cordng to the stipulation each side is to pay it's own costs and the receiver discharged from his official posi- tion without pay.
 A new board of directors was elected as follows: President, R. E. Tally, assistant general manager of the United Verde Copper Co.,; Vice-Pres- ident, George Kingdom, general man. ager of the United Verde Extension Secretary, Leroy Anderson, attorney for the Clark interests; Thomas Tay- Tor, superintendent of the United Verde shelter; and John H. Page, of Phoenix, the latter representing the minority stockholders.
 The settlement of this famous suit, besides allaying the friction between the Hull minority and the Clark in terests, also marks what is unoffi- cially said to be the long standing differences between the two big cop per companies, and will undoubtedly bury forever the possibilities of any apex proceedings in this district. Elm bodied in the stipulation is paragraph which provides for the dismssal of the suit now pending in the Supreme Court over the title to the Copper Chief claim. This claim was once sold by Hull and later re-purchased by him, and the Extension people claimed that only the surface rights had been acquired by Hull in the last transaction, their company in the meantime having purchased the other rights. The Extension lost the suit in the lower court and appealed the case.
 The Hull Copper Company owns properties adjacent to both the United Verde and the United Verde Exten- sion and are considered to be very valuable, and it is stated unofficially that development campaign will soon be outlined by the new board of directors.
 Judge John Gray, of Idaho, Thos. c. Job, ,-of Los Angeles, and Leroy Anderson and F. l.. Haworth and Per " M. Ling, of Prescott, represented the Clark interests, while Ellingwood and Ross and Clifton Mathews of Biscbee, Arizona, and A. H. Favour, E. S. Clark and J. E. Russell of Pres citt, were attorneys for the plaintiffs.
 pcTOOD