| Los Angeles, Aug. 28.—(AP)—2id-
ward L. Doheny and directors of the
Pan-American Petroleum and Trans-
port company, today faced a bill of
complaint demanding an accounting of
$10,000,000 stockholders allege they
lost in the fradulent lease of the Elk
(Hills Nava! Oil Reserve.

‘The complaint, filed in behalf of
Prank H. Kunkel, Cineinnati, and oth-
er shareholders, declares the loss re-
‘sulted from the cancellation of the
lease by a decision of the United
|States supreme court after the com.
/pany had spent several million dollar:
‘in the development of the field.

| The lease was negotiated for thi
'government by Albert B. Fall, ther
‘secretary of the interior.

The $100,000 delivered to Tall by FE
'I., Doheny, Jr., in the much discussec
little black satchel,” was declared ii
the suit to have been given by th
stockholders and used as a bribe. Al
accounting of his exchange also i
asked,

Kunkel sets forth in the complain
that neither he nor-any of the plain
tiff stockholders had anv knowledge o
the negotiations and describes Dohe
ry’s conduct of the deal as a “frau
not only against the United State
but also against the Pan- Americat
;company and its stockholders.” Do
iheny is charged with dominating th
| niintyuneiste come y when the leas
was signed.

 

 
 
' Los Angeles, Calif.—)—Edward L.
‘Doheny and directors of the Pan-
American Petroteunt and Transport
Scompany, Monday faced a bill of com-

' ptaint demanding an accounting of

| $39,000,000 stockholders alegre they

fast in the fraudulent tease of the Eik
. Hills Naval Oil reserve.
The complaint, filed im behail of

Frank H. Kunkel, Cincinnss:, ant
other sbharehniders, declared the toss
!resulted from the caaceliation of the

lease by a decision of the Umited
States Supreme court after the com
; pany had spent several miliion dollans
In the development of the field. The
‘lease was negotiated far the govecn-
‘ment by Albert FL Fall. theo secretary
fof the interior.

The $196,500 delivernd to Fall by E.

L. Doheny Jr. in the much diss
ttle black satchel” was deciar
the suit to have been given by the
holders and used as a bribe. An
-accomntngs of the exchange also cs
asked,
Kunkel sets forsh in the complaint
that nether he nor any of the piain-
dM stockholders had any knawiedse
of the negotiations and desermbes Do-
heny’a conduct of the deat as a “fraud
not oniy against the United States but
aiso against the Pan-American com.
pany and its stockholders” Doheny is
charged with dominating the affairs
of the company when the lease was
mignesd],

 

 

 

 

 

 

 

    

 

 

 

 
 