Log Angeles, Cal, Aug. 28—(P}—
Edward L. Doheny and directors of
the Pan-American Petroleum and
Transport company, today faced ao
lnl of complaint demanding an ac-
counting of $10,000,000 stockholders

Ellege they have lost in the fraud-
uient lease of the Elk His nayal
cil reserve.

The complaint, {led in behalf of
frank Ho Kunkel, Cinelnnat!, and
inther shareholders, declared the loss
‘resulted from the caucellation of
| the lease by  deciston of the
Uniled States supreme court after
the company had spent several mil-
llon dollars in the development of
the field. *

The lease was negolleled for the
government by Albert I" Fall, then
aecreinty of the interior.

The $100,000 celivered to Fall by
EH L, Doheny, jr. in the much dls-
cussed “Wittle black satchel” was de-
elared in the suit to have been
inven by the stockholders and used
as & bribe. An necounting of this
exchange also is asked.

Kunkel sets forth in the com-
qualnt thal nelther he nor any of
tha plaintiff stockholders had any
anowledge of the negotinuions and
describes Doheny’s conduct of the
aenl as a “fraud not only against
the Uniled States but also against
{the Pan American company and its
ttockhalders,” Doheny is charged
with dominating the affalrs of the
company when the iease 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],

 

 

 

 

 

 

 

    

 

 

 

 
 