Show I WYOMING PROMOTERS WILL WILLIN HAVE TO EXPLAIN IN COURT Civil Suit Filed F ledat at Cheyenne in Which Millions of Dollars Are Involved Cheyenne Wyo April 27 By the filing in the United Uni d States court here yesterday of a complaint in a civil action against a number of pro promoters promoters motors who have been negotiating stocks and bonds of fifteen different di corporations whose capital stock aggregates more than there is made public what is alleged to be a great fraud by which the promoters said to have collected millions of dollars during the last ten years are through the sale sala of stock The complaint comes up in a civil action dealing with the operations of ot the promoters of valuable mining rail railway line and way W Y tramway smelting pipe mercantile companies of the Encamp Encampment Encampment ment meat district Carbon county Wyo being directed especially against E B W Cobb E A Norton F P B Draper A AL AL AIA L IA Hawse I N Pennock and other promoters of ot the Cop Copper Copper Copper per company and the United Smelters Railway Copper company which took over the property of the Penn lug InK company com pan and a large number of at subsidiary companies The case comes up in arguments for permission to file tile an intervening position position tion in a receivership case recently heard in the United States court here This prayer was granted yesterday and the petition filed in court Mining and stock operations extend extending ing over the last ten years in nearly near very every state of ot the th Union are involved Big B lg bond Doud oDd bouses in of th large I cities clUes of ot the United States Stales ar are inter interested Interested interested ested in the case The companies involved in the action are The United Smelters Railway Copper company The Copper company the North American Copper company the th Saratoga En Encampment Encampment Encampment Railway company the En Encampment Encampment Smelting company the En Encampment Encampment Encampment Pipe Line Ditch compan company companI the Emerson Electric Light company I the Encampment Tramway compan company companI the Encampment Waterworks com corn company company cornI I I I pany the Encampment Land Town Townsite Townsite Townsite site company com pan the Battle Lake Site Mining company the Copper Mining lIning company the Carbonate Coal company the North American Mercantile company all corporations under the laws la of ot Wyoming also th the Equitable Securities company moor Incorporated Incorporated under the Ote th laws of or Illinois I It Is ig charged in n a the be h complaint tha Cobb Norton and al 1 Draper Dra per officiated aa u I Continued on S WYOMING PROMOTERS WILL HAVE TO EXPLAIN IN COURT I Continued from Page One directors and officers of all these cor COl corporations corporations and manipulated them for their own profit and to tho the detriment of the rights of the other stockholders The case cese will not be argued for thirty days The case caso has been started by b an as association of stockholders in the van ous cue companies controlled by b Cobb Norton Draper and the others involved Several hundred stockholders are said to be in the association almost every evelY state being represented The association association association tion Is known as tho the Penn Investors association Taylor A Snow of ot Chicago represents the association in tho the suit and investigation The complaint filed flied yesterday alleges specifically that a conspiracy was formed by the defendants to defraud the stockholders of ot the Penn Wyoming company of ot the value of ot their stockby stock stockby stockby by turning the holdings over overto overto to the United Smelters Railway Cop Copper Copper Copper per company on agreement that the latter would settle more than of indebtedness of ot the Penn company compan It is charged that this in indebtedness Indebtedness Indebtedness Is largely fictitious that the same men are directors and of or officers officers of both companies and no more able to pay the alleged Indebtedness of the Penn company after atter form formIng formIng Ing the new flew company than before |