Ogden Evening Standard | 1911-11-25 | Page 5 | Relates History of Mining Stock

00 RELATES HISTORY OF MINING STOCK NE WTORK, Nov 25 -Although B. F. Schoftols, whoso officers aro on trial for alleged iuIhsuso or tho malls, paid but 20 cents a share for Rawhide Coalition stock, they sold all the way up to $1 DO per 3har, accordlug to evidence adduced In court today, The government's first step toward proxlng this wns tho introduction of tbo agreement between the Nat C. Goodwin company nnd the original owners of tho Rawhide Coalition company, com-pany, which it la alleged waB taken over later by tho Echoftels concern. The contract was made March o, 1908, and, ft "was testified, gavo the Goodwin company an option on tho greater part of the 3.000,000 shares at 20 cents a share. It par value was 1. Tho stock "was deposltod with tho Sheollno Banking &. Trus company at Reno, Nov, Moritz Sheoline, president of tho bank, testified today thai the Goodwin Good-win company had exercised lt option op-tion on thousands of shares. In a paper published by the Goodwin company com-pany and later In one published by the defendants under another name, It wub testified that Rawhldo stock was steadily boosted, the price at one time reaching SI. 60.