Mohave County miner and our mineral wealth., 1920-03-27
MINORITY STOCKHOLDERS FAIL TO /.
 STOP SALE OF SCHUYLKLL STOCK

One of the most important cases that has come before the superior court of this county in many years was tried before Judge Bollinger this week, being that of c. A. Burke and other minority stockholders of the Schuylkill Mining company against the corporation and its directors and Frank A. Garbutt, to estop the com pany from the consummation of con tract for the sale of the treasury shar- es of the corporation to a New York corporation; for the appointment of a receiver and for other relief.
 It would appear that the Schuylkill company, like many other corporat- ions, found it necessary to refinance it's treasury and went into the east to secure the funds. After many fail ures bunch of capitalists were found who were willing to put up but de- manded many concessions that the di- rectors of the corporation had to grant. c. A. Burke, who had inter ests of the company, dating from the time of it's inception, objected to the termsof the agreement with the New York people and brought suit to, set it aside. These people had made pay ment of $17,500 to bind the contract with the company, which we under stand, had been given full authority to act in the matter at meeting of the shareholders. In the complaint filed by Burke it was set out that there was a large tonnage of ore in both the Tennessee and Schuylkill mines; that these ores could be ship ped to a Yavapai county mill and a separation of the lead and zinc made and the products shipped to the lead and zinc smelters at large profit; that the mines had been wilfully misman- aged, and that with proper manage ment the property could be made to pay off the indebtedness and to in time build a mill for the handling of the ores. " g ..o.
 During the trial of the case it de- veloped that General Manager Gem mell, of Crown King, Yavapai coun- ty, was to be the receiver of the prop erty. On the stand MT. Gemmell stat ed that the ore could be reduced to commercial grade at far better ad- vantage on the ground than by ship ment to his plant, and that the costs of shipment to Crown King would be about $4 per ton and the milling charge nearly as much more. In ad- dition the ore would have to bear the shipping and treating charge at the smelters. This would pile up a big expense against the raw ores. MT. Gemmell's testimony was clearly fav- orable to the defendants. .n.
 A larg number of witnesses were examined in behalf of both plaintiff and defendant during the week. c. A. Burke, the plaintiff in the case gave testimony and to show that he knew what he was talking about stat ed to the court that he was graduate of the Golden (Col.) School of Mines. He also testified that there was 75,- 900 tons of ore on the dump of the Schuylkill mine that would give an average of $30 to the ton., Besides this tonnage there was an immense tonnage of ore in the Tennessee that would pay we'll to extract and ship. Other testimony relative to tonnage and value of ores was introduced by the plaintiff and an effort made to show that the company was sacrific- ing the property if the deal was con cluded. a....R&
 Following the closing of the case for the plaintiff Supt. Riley testified that in measuring up all the openings in the Schuylkill mine only 25,O00 tons of ore and waste was extracted, and therefore there could not be 75,000 tons of even waste and ore on the dump of