Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1874-02-25

hhhNAhi ~ ioffs
Mssrs Editors Some time since man of
no character, hy the numv VI FailJrd, published
pamphlet in London. purporting to give a
history of the Emma Mine and my connection
with IT, The substance of that pamphlet was
published some weeks ago in the Nation, of
New York, and its article has been copied into
two or three Vermont papers, and has been
made the basis Of attacks upon myself and
gentlemen associated with me in business en-
terpri>es in my State, My habit has ever been
TO allow charges against me 10 70 unnotioed
observing that time always yindicates the
right. In this case, however, the transactions
having occurred thousands Of miles away, and
and their history not being easily accessible to
this community, and in justice TO myself and
my friends, have thought it proper to make
this simple statement Of facts, showing cOnclu-
sively, think, that the publication above al
luded 10 IS a tissue Of misStatements and false
hoods from lightning to end.
ask you, therefore, to publish this and the
accompanying communications, and also re-
quest that part Of the press OF the State that
is disposed to see justice done, to copy the
same. | regret the length, but could say no
less, and make clear and complete statement.
My connection with the Emma Mine and its
sale is as follows
| In April, 1871, went to Utah with Gen. II.
| II Baxter, and we examined the Emma Mine
and the title of the same, which was involved
in serious litigation. We purchased one half
Of the mine ard paid cash for it. We worked
tie mine vigorously after the purchase, and in
the July following declared dividend OF
$3.50 900 from the earnings
In July, 1871, went to Utah with E. j.
Phelps, Esq, as counsel, to attend to the liti-
cation, and while there, examined the mine
again and found its appearance had improved.
Mr.. Phelps visited the mine with me.
In the August following, the litigation was
settled, and we obtained a United States pa.
tent, which made the title perfect, There were
then twelve owners in the mine, and after OBJ.
tanning the patent it was determined to sell
the whole, or portion Of it, and to offer it ia
England, for the reason that England is the
great market for the mines of the world. She
owns most of the valuable mines, and is fully
informed concerning them, having a number
OF able journals devoted to mining matter,
solely, The ores Of the Emma mine, both be
fore and after our purchase, had been shipped
to Bath x Son and Lewis x Son, eminen
English merchants, and they knew the exac
products, and we had received various offer
for the mine from English parties
/ am safe in saying that there are no peopl
/ better informed on the subject Of mines thai
, the English, and | learned during my sta,
} in London, that the English people are a
III hAhlluR III iHllltss anu us We'll hDle v
: protect their own interests, as any people whom
ever met.
I Early in September, Hon. W. NJ. Stewart
I Senator from Nevada (who had an interes
also in the mine,) and went 10 London Il
. negotiate sale, acting for all the owners bu
did not expect to sell the mine without an ex
e animation by the purchasers or an expert t,
I be selected by them, as that is the usual way
, and We took no report of the mine with US
Il 4 / L
I proposition for the purchase of one-half of tn,
] mine, we to take stock in an English company
e to be formed for the other half; the sale to b.
Q subject to a satisfactory report to be made b.
e any ono to be chosen by the purchasers. W,
G accepted the proposition and the purchasers 80
I licited Prof. b. Silliman, of Yale College, /,
Q make the examination and report. | had NJ
d acquaintance whatever with Prof Siliman
0 lad never seen him, but knew that he possessed
ahigh reputation in England and America.
t In Ocober, 1871, Prof Sillman made care
\ lul examination Of the mine and report OF
I the same 10 the purchasers. The report wa
e satisfactory to them and the sale was consum
= mated. The mine had been producing for
e long time previous over $75 900 per month ne
c profit, and the ore all having been shipped +
$ England the purchasers had before them th
r exact figures us TO the products. ! acted a
: agent in making the sale, and the conveyance
n were executed in New York according to III
y agreement
o Alter the new company was organized, in con
y sequence OF statements that had been made abou
7 the mine by parties interested in depressn
d its value, refused to sell any of the stock W
!, had reserved lone-hal) until the English d
= roctors had sent over one Of their own numbe
;. and made an examination of the mine. AC
t cordngly the directors selected II. Bridge
y Willyams, Esq NJ. r., and were influence
=, in selecting him from the fact that he had pun
= chased largely Of the ores, before we sold tn
= mine, was largely interested In mines, an
Il was supposed to have knowledge of them
!, Mr.. Willyams examined the mines in Febru
: airy, 1879 (iour months after Professor Sill
= man, and made report more favorable tina
c Professor Sillman, and he purchased, after hi
;, examination, three thousand shares at par an
y aboye-oyer $500, 900, gold.
: After Mr.. Willyams made his report sol
6 the shares belonging to the owners for whom