Bisbee daily review., 1919-02-23
CURB PAPER RAPS. FAKE PROMOTIONS
 OF YAVAPAI VALLEY

Having ~flim-flammed" numerous investors with their Bradshaw Cop per-mines company" fraud and hav- ing gotten away with it." ths wild cat mining promotion house of Gar son, Purvis & Go. late of 42 Broad way and now at % Broadway, ap- parently believes that it can success fully stavs of all attempts at re- prisals on the part Of those whom 1t has victimizsi with its equally mis- represented and worthless venture called the Red Mountain Consolidst- | ed Copper Mines company whose stock this firm peddled out at 30 cents a share until it found its risntfHl level at nothing a share.
 Convincing evidence of the utterly valoeless character of the shares in the Red Mountain Consolidated Cop per Mines company" has been furnish ed of late in the neSs from Prescott, Ariz., that this enterprise is devoid Of cash and. with its treasury ahso- ntely bare Ena no new .'anckers" in | sight, is fast laundering.
 This news has been circulated throughout Arizona in consequence of the companyss inability to pay S404, which it owes to Colonel Fred Bowler, ] general manager and engineer of the ! Western Securities Syndicates at Prescott, on loans made to it by him two years ago.
 Golenel Bowler has instituted suit for this amount in the superior coart l in Yavapai county, Ss the unpaid bal ance due to him on advances aggre- gating $6Q2, which he made to it dur | ing the months of April, May and June, 1917, and on which the company has paid only $20o, and is now unable to make any further payments because lpf the depleted condition Of its treasury.
 The Red Mountain Consolidated Copper Mines company" venture was
 launched two years ago chiefly by Eli
 s. Carson and ". J, Peterman, the
 partners in Carson, Purvis & Co, Charles E. Meyers, James H. Sullivan, O. s. Brose and D. ". Calkins.
 | Peterman and Carson had previously made fiasco of their Bradshaw Cop per mines company" which name they had given to the Worked-out mining
 property of Alex Ratclirf, about eight
 miles outside of Prescott. They rep
 represented the Red Mountain com
 pany" as 8 high-class copper prospect,
 owning mining lands S4 miles north west of Phoenix. Its officers were:
 Charles E. Meyers, president; James
 H. Sullivan, vice president and b w. Calkins, seeretary-treasurer. Meyers
 represented himself as having been foreman of the Big Pine Mining com pany." Sullivan said he had been a deputy marshal in Tonapah and Gold a1A n@r,~ Ia, ,N>S toriety as stock manipulator than as s mining expert while in business in various camps from Cripple Creek. to
 TonOpah.
 In preparing the bait, for unwary investors. Meyers and Sullivan indulg-
 ed in all sorts of hyperbole regarding the value of the Red Mountain com pany's lands and of their plans for de- veloping them. They were ably backed i up by the "eomeon" Literature" pre- pared by Carson. Purvis & Go,
 As matter Of fact, the land in question was leased from H. H. Gil lespie of Prescott, who now complains that the conpsny is in arrears in its rent and no development work has ever been done on the property, which is in Naricopa county, except for the sinking of shaft about 100 feet.
 None Of the officers of the Red Mountain Consolidated Copper Mines
 company" ever. had anything to do
 with the issuance of and sale of the company's stock. however. as the Ser- l tificstes for this stock were always made out and given over to purchas- CTS solely by Carson, furvis & Co,
 from that firms own offices.
 When Carson, Purvis & Go. found
 it increasingly difficult to interestin,
 vestors in their Bradshaw Copper
 mines company" venture, while the price of its stock was dropping from
 $1 to S71s cents share, they declared
 a dividend payable on May %. last
 consisting of two shares of Red
 Mountain Copper" stock on each share of Bradshaw Copper stock. But no
 certificates for this Red Mountain
 Copper" stock were delivered to the
 recipients of this ';dividend." Instead | warrants were issued and used for this
 distribution. Then followed a fore
 closure on the properties of the Brad shaw Coppermines company and the
 acknowledgement emptiness of that
 concerns's treasury. \ In some instances. investors who
 bought Red Mountain Copper" stock from Carson, Purvis & Co, are now
 endeavorig to obtain return of their
 money on money-back" guarantees
 which that firm gave them last win
 ter and renewed last spring. But to
 date, none of these disgruntled inves- tors has succeeded in obtaining the
 amount of money represented by his
 original purchase even with these guarantee to back up the claims. Though Carson. PurVis e Go, began to sell Red Mountain Copper" stock in November, 1917. 1t did not institute ' the stunt" of giving out money. back guarantees with subscriptions , until the outset of January. 1918, when | the slowness of investors to respond to its offer of substantial profitable investment in this stock made it ap.