Salt Lake Tribune | 1916-07-14 | Page 11 | Solon Spiro Files Answer in Action

SOLON SPIRO FILES ANSWER IN ACTION The answer admits that the defendant has been paid several amounts of money as payment for special services on the mining company's behalf, but contends that such payments were properly authorized au-thorized by the hoard of directors. It is admitted that in one instance the board of directors granted Solon Spiro S20.000 in cash and 20.000 shares of stock for special services, and that tins had been objected to by H. P. Clark. The board, however, refused to recognize the objection. objec-tion. It ts also contended in the answer that since a suit brought by W. D. Fossett, a stockholder of the mining company, seeking an accounting, is still undetermined, unde-termined, the present plaintiff, John C. Dugan, is estopped from bringing a similar simi-lar suit. Admitting allegations of the complaint and seeking to make explanation of his possession of stock in the Silver King Consolidated Mining company of Utah. Solon Spiro yesterday filed his individual answer in the suit filed against him and the company by John C. Dugan, a stockholder stock-holder in the company, Mr. Spiro alleges that the stock Dugan owns was secured by him from the Western West-ern Securities company, a corporation controlled by H. P. Clark, formerly a director di-rector of the Silver King Consolidated Mining company of Utah. Mr. Spiro then makes his answer as though Clark were the plaintiff instead of Dugan. He savs that Clark attended directors' meetings of the company and made no protest against Spiro except once, on which occasion oc-casion the other directors outvoted Clark.