' 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],

 

 

 

 

 

 

 

    

 

 

 

 
 
ae ANGELES, Cal.—(4)—Ed ward
L. Doheny and directors of the
Pan-American Petroleum and Trans-
port company Tuesday faced a bill of
complaint demanding an accounting
of $10,000,000 which stockholders
allege they lost in the fraudulent lease
of the Elk Hills naval oil reserve.

The complaint, filed in behalf of
Frank H. Kunkel, Cincinnati, and
other shareholders, declared the loss
resulted from the cancellation of the
lease by a decision of the United
States supreme court after the com-
pany had spent several million dol-
lars in the development of the field.

The lease was negotiated for the
government by Albert F. Fall, then
secretary of the Interior.

The $100,000 delivered to Fall by
I. L. Doheny. Jr... in the much dis-
cussed ‘‘little black satchel,”’ was de-
clare in the suit to have been given
by the stockholders and used as a
bribe. An accounting of the exchange
also is asked.

Kunkel sets forth in the complaint
that neither he nor any of the plain-
tiff stockholders had knowledge of
the negotiations and describes Do-
heny’s conduct of the deal as a
“frand not only against the United
States but also against the Pan-
American company and {ts stockhold-
ers.”

Doheny fis charged with dominating
the affairs of the company when the
lease was signed.

 
 