Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1874-02-25
LETTER FROM HON. L. J. PHELPS.
BURLINGTON. Feb, Il. 1874.

Hon. T. IT. Park:
DEAR oIR:-rhe statement in your letter OF the
9th inst, relative to the sale of the Emma Mine,
addressed to the Burlington Free Press and Tunes,
seems SO explicit, clear and satisfactory, that
ing need be added on the subject. take pleasure
in saying that its accuracy III many material par
tculars is within my personal knowledge
In the sumter OF 1874, accompanied you to Utah,
TO assist counsel 10 trying the case pending In
the United states Court there involving the title TO
the mine. / remained at salt Lake city about
fortnight, and during TINT Time visited the mine,
and made the acquaintance OF many other visitors,
both entItc aud practical, Interested In miIlns
who had been drawn there o. Its Celebrity
know nothing alb ut mines, and can only state
what saw and heard.
The Emma was at that time being worked by a
numerous force, day anu night, ii relays. The
material excavatsd, and the quantity was very
great, was conveyed by wagon To salt Lake CITY,
thence by railroad 10 New York, ard by steamer 10
Llverpo |, where 1t WAS sold 10 the shelters by
commission merchants.
The operations oil the mine which were very eN
tenelve, we've open TO The public and were seen 10y
hundreds o: people. The Inhabi ants OF that sec
ton of the country are IL tgey Engaged IL mining.
here was therefore no chance Whatever Tor either
misrepresentation OF conceai,nent, as to the char
acter, qualIty, or extent of the work at the
Emma.
1 heard but one opinion expressed among all
those convet SAINT with INNING; aud that was, that
The Ield Uf the mine Was almost without parallel
and that every Indication OF permanent vein eN-
s'ed, that science OF practical experience had yet
discovered.
WITH the subsequent negotiations for the sale of
the mine had nOlnIng to do, except In making
AS III auce the pu cuIsers the validity OF the
title, and the conveyances But happe ing 10 be
IN London, III May, alter the sale khew from the
parties there, as well as fl ON yourself anu your
associates. that 1t WAS made, not upon representa-
tons, bui upon tuli and exact evidence of the
quantity ami value vi the actual product OF the
nine ON The tune 1t was opened To the sale. Inc
books OF Tie commission merchants In England
wnp had soli the ore showed ccIseiy It's amount,
its value and Its profit. And THIS showing the
basis OF the purchase, In addition to this, three
separate examinations OF the mine were made by
tnd English purchasers themselves. rhe nrst IN
October 1911, by Prof. Slllman, employed by
them Ter that purposes; the next IN February .
lolx, by Mr.. Willyams. of the English d cctors
aided by experts selected by MINIS self, and the
third III July, 1872, by MIR. stanley, another
English director. The teports from All these eX-
amInatIons went considerably beyond the repres-
entstlunS of the sellers.
| In OcIoDe., lS72. 1 was again in London. Some
twelve months mad then eiapsed since the sales o
the NINE The STOCK had, believe, remained du-
| ring That time at considerable p.emIum except
| dun ing tenpoi any depression caused by the IN
| road Ot the lIuoIs ruunei Company. mentioned IN
your letter., and had pad tnolthly dIvldendS of
| one and half per cent. 1 then learned i.om Mr..
Eager, your agent, that your Interest IN the stoc@
nau Deem closed out IN June previous Bus that on
/ both your suUoeqcnt VISIT Utah IN July aud III
| October, you nau written him expressing greater
| confidence than ever in the peImanencc ol the
line, and directing large pui chaSeS OF the stock
! for your account, which he had accordingly made
at u considerable premium. do not believe, and
should be much surprised TO learn, tnaL any re
| Specialize person III London VINO WAS concerned III
the purchase, has Attributed your associates
any Uut the most ,honolabe and siraIghlfOrwa.,
conduct IN all pan Is Of this transaction. Late
Octouer. 1871 wuen lett London, tlclr express
ions toward You very cord al and hatterIng.
They had IN the purchase complete assurance OF
every point, except the dun alton of the deposit
As To that they mad all the evidence that could
tainty ON that point was not within the range o
| human foresight, and made the purchase suDjec
10 the risk that attends al mining speculations.
! h. j. PHELPS