Show litigation FOLLOWS ACTIVITY AT CAMP OF CONTACT NEVADA now that contact nevada is soon to become an ac f v e copper mining camp and since it is certain that the railroad lail the road win will be built as an outlet for the red metal and ed value 1 of f the grounds demonstrated litigation has start to and the e matter malter has finally reached the courts according a di A dispatch from camp on the gray grav the sult suit was brought by henry smith et al vs E F 1 i was ii the i gray mining company et al arid the hearing i held ed recently antly upon an order to show cause why an 4 I 1 junction J alon pendente Pen dente lite should not be issued the ne facts ats follows in 1910 of the case are somewhat as the ane nevada copper mining and milling company owner of the richest and most of the patented d mining claims in the contact district gave an option on the claims to E F gray on which the first payment of was to be made in iii a year the remainder of the price to be paid in two years mr gray then formed the gray mining company and assigned to it this option later on the gray mining company obtained control of the majority of the stock of the nevada copper mining and milling company and this option has been extended each year by the nevada copper company to the gray mining company no payments being made whatever now comes mr smith representing the minority stockholders of the nevada copper company who claim that an injustice is being done them in that the gray mining company controlling both companies are attempting to freeze the minority oui out or force them to accept their terms which are on the basis of one share of stock in the gray mining company in exchange for shares of the nevada copper company and the suit is brought for the purpose of forcing the exercise of the option or have the ground stored restored re to the control of the nevada copper company the gray mining company the defendants claim that they are acting in good faith and for the best interests of all concerned that they have spent over in developing and proving the mines in question and in securing the construction of the railroad that their offer of one share of stock in exchange for shares of the nevada copper company is isa a just valuation and that later on the minority stockholders will be paid in full value for their stock when ihen the mines begin to return dividends the property in question is considered to be worth millions of dollars and is the heart of the rich contact Cori tact district most josf of which consists of patented claims |