The sun., 1873-11-11
A BAD SCANDAL REVIVED.
NEW DETELoPMENTS INTHE GREAT
INTERSATIONfL SPINDLE.

\ pamphlet recently Issued in London by
=. r. Panard, entitled The True History of the
Emma Mine" contains good deal Of matter
which would be of interest 10 American readers.
Mr. ranard Introduces himself to the public IN
an Introductory chapter as q man Of moderate
means In the employ Of u large public company,
and asserts that until he made his Investment In
Emma stock he had never touched a share either
In a mining or any other Joint stock speculation.
In November, 1871, he had little money to
spare. and seeing notice of the Emma Com
pany In some newspaper he obtained pros poe
tus, and being strongly impressed with the
statements In II, vouchcd for, "a they were, by
Gen. Schenck, the United States Minister, he
took such shares as were within his means as a
bona iuo investor. when the bubble burst and
he found how shamcfully he had been deceived,
the determination possessed his soul to ascer-
tain Just bow and 10y whom he and many others
had been done ont % their money, and In this
pamphlet he gives tho results of his inyosti9a-
tions.
Mr.. parard processes to have some new and
exceedingly Interesting Information respecting
the means employed to float this notorious
scheme. After giving an account of this dis
coVcry and lirst development of the mine, and
also Of the lawsuit between James +. Lyon and
tho Emma Silver Mine Company, he says that ia
March. ISL, Mr.. Trcnor William Park-a gentle
man not wholly unknown TO persons interested
IA Nariposa stock-and Gor. Henry Baxter went
10 Utah and inspected very carefully the mine,
and finding It was then producing large quanti-
ties Of orc, purchased ouO-half of IL and after
ward In connection with others formed and
organized u company which they called the
Emma Silver Mining Company of New York. the
former members u the Utah Company being
also members ui the new corporation.
SAILING THE NINE.
Later In the .ame year 1t was decided that an
attempt should be made t. soil the mine In Lon
don, aud MIR. pafuTd makes most eNtrunrdi-
mary charge OF deliberate fraud against the com
pany IN this connection, showing. II his state
ments are true. that the hrst step toward giving
the Emma stock n commercial value In foreign
markets was based upon trick as Infamous
any OF those resortod - by the sawdust swim
dleis who defy tho pcnitentary In this city lie
SAYS:
whnc during the month some io'men were employed
nuinher ot men ~as reduced 10 about i6sen new
Nj rark almttei was ab1a, the best ii IN he Snew u
20 p...a,H IN INNS M LOT .tans,ntti9n ., ensnees No
order sui ihe entrances 70 the nine we're hold 10y anu
SarrS ca b5 5,,e8 ,8 Hl.5 HigAg2 5Sq Sq ~ es"d y
tddy, Jr.. nov living at P,ndeen, Cornwall Who
a. 10 tSe WAY sias Wisni' prepared he mia for ex
summation his propAlae beng Yuy another nanie for
~ yo,aafcw weeks ,eS, s,ys he sas -iyef ore piss.
lie obccio ali thS i patent had the fore o. cn
gone oh wor~ns at the sahe rate that they had fQr
some months been doing, the ~hole OF the ore would
have been cleaned lons before FRI -iluan came
to make his coratel examination snd II inai., eo
Ia b en- 3sSSd g. 60 mt TIE mi9e ,ac f1e H.,
known, and Tie plOi would not have succeeded
MrPufard having asserted that the Emma Nine
was sAted to gull purchasers Of stock refer
ring to a letter from the miner Eddy which he
says wss published In the Mining Worti, A. eyl-
dence that the charge - true goes on TO say
thnt whcn MT farh and senator stewart Of
land they set g. work 10 toat their oheme, bat
| for some time without success, the price they
wanted being naturally considered too high.
Then IL was th-t Park conceived the brilliant
| idea of inducing Gen. >chenck, the United
/ states Minister, to lend his name aud Influence
/ 20 ~" anhr. - be -uie su'h thing would be
| Unprecedented IN Diplomatic usage. hut the
puthc would understand that the WAYS oi
/ Amctlcmss are pr'uilhr. N all events the sug-
/ gestion was acted ON, and Minister Schcnck. A.
/ a.i the world only to" woll knows, came forward
anu -iN" tn" promoter 81 IN" swim lie the hrne-
nt ut ls name aud o1 'inl position tu hclp along
/ their designs upon the pockets II the British
] pupic.
rEoF. suLiNNs's nrrour.
In the mean time the favorable report - Prof.
II. iuuau on the Nlluc Il The mine had b,cn
/ that hi. frnIN ruuutrymtn were led To- con-
] il.nd Pruf -liMau, who Is professor u
tiugui-ucd father. who was one uf the most
the einiucut of gtolusl-ts and thlt the report II
s.n w. present d iu England as the WORK Of the
" Sir lioderick hurc ni~gu' 'i AmcuoL Mr.. la1-
/ fivd lnds himself uuaDic ONicw the reputation
/ - the Younger Siiiuan precisely in that hgAt.
I Ne also alleges that tue terms of iroi. Smau \
. rouuntriiun were Sj,ulp Tor IMPLY making the
/ report, and $500 II the sale 10 the English
| company went through. lie gives rs his All
! thonty for this allegation the statement Of Mr..
Ju-yln, counsel Tor he defendants IA the Illinois
| Tunnel suit IN August following. ia the presence
/ of Ale,srs. Park and stewart. and not denied nv
| them" Mr.. Paifafd admits, however. the Pro-
fe,sor might nave been deceived 10y the skilful
/ way IN whlth the mine had been prepared for
] INSPECTION.
/" The name and influence Of Cen schcncs
/ heiu. secured" says Mr.. Paifard, the next step
/ was 10 get the active assistance Of some great
financial man or nrrp, To successfully bring OFT
PRODUCTION 10 Mr Albert Grant and the latter.
/ fora consideration agreed t. do all that was
necessary to honi the scheme. The 'consdera-
/ tl.n IA question was 70 me tune 9f tlO,uOl, II
| admitted by MIR. Park himself before Vice
Chancellor Wickens in the May following.
! acted only as Mr. Lyons attorney, also con
sented Though reluctantly TO lend nis name to
/ tHe panl ~ director, also for cons idera-
ton, in ms case taU,UOO in cash and .,lUU ven
durs shares. ms latter remuneration being
also fOr his uiudie s,rrices IN iiuittrtnu Mduc-
GtHotdi Sch,iith 10 become duC uCctOr. Tie UuH ~
VI. S'oCItt AMI nc e. n,rdi hdrlng bean prcriOiis-
! ID acquainted ~ me States.
" A. to Gen Schenchs motives for Joining
I the enterprise, the poisoned breath Of calumn,
has said that he did So also fora consideration,
to wit, the JI shares which he became possess
ed oi; However, the General assured me per-
sonally, not many weeks ago, that this was not
50 he joined a. "a bona fdC investor, being fully
impressed with the truth Of The statements laid
before him, and desiring to add to his Income.
| Bni as he had not the money 10y him to take M
the shares, he borrowed II, partly on securities
Of his own, partly from or through Mr. Park,
aud that half the amount h..s not yet been re-
| Iad.'
pIsTIsGrIsnEp SPONSORS.
All the above prclimnulcs being completed
! the PROSPECTUS OF the scheme WAS issued Nov. Q,
| lo,l, and advertised lar aad wide. his PROS
| Ierius announced the capital Of the comp.uy ~
! &lUU,kU in bO,tIu shares of 4.,U each, ol which
"C'hO shares was unrI'u IoI supscIlfli"h' luu
other @,OJ being retained 10y the vendors, IN
the board Of directors were the names Of " Ma
Ior-Gen, schenck' niled states Minister, Lon
don, and the Hon. W. NJ. stewart, United States
/ senator, Nevada. George Anderson, E,u