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Show BEING TRIED FOR USING MAILS TO DEFRAUD Kansas City, May 11. In the trial In the federal court here today of the Horn Bros . Raymond P., May and S. H. Sniger, charged with using tho mails to defraud in promoting tho "Two Queen group of mines" in Arizona, Ari-zona, James U. Lynch of Philadelphia, Philadel-phia, produced letters, circulars and newspapers tent to him by the promoters. pro-moters. These stated that the mine was in operation and that ore was being be-ing shipped In paying quantities. Lynch said he bought 1,100 shares or stock on representations made In the advertising matter. J, II. Deaner of Saginaw. Mich., testified that he had bought stock on the installment plan, paying two dollars dol-lars a mouth. Wheu District Attorney Attor-ney Van Valsenburgh offered as evidence evi-dence a printed circular' describing the mining property. Attorney Chester Ches-ter Krum, counsel for the promoters, objected. It Is the value of the stock that Is being questioned and not the value of the property, he declared. "The purchasers were solicited to buy stock, not to buy the mine. The orders or-ders for stock were filled according to agreement. There is a speculative el" mcnt in buying mining tdock. If there Is a bright prospect persons are willing will-ing to pay well for a chance to have a large relation." "Your district relations are too defined." de-fined." Judge Phillips replied, In overruling ov-erruling the objection. "I have always understood that a stockholder of a corporation had some Interest lu the property of the company. The value of the property is the inducement that causes persons to buy stock." |