The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1874-03-10
THE SALE OF THE EMMA MINE.
Letter from Hon. T. W. Park
LETTERS FROM GEN. II. HENRY BAXTER,
hon. LUKE P. POLAND, Z. J.
PHELPS, ESQ.,, HON. W. NJ.
STEWART.
4 LIBEL REFuTED

To the Editor Free Press and Times d:
Some time since a man of no character
oy the name of Pafford, published pam.
phlet in London, purporting to give his
tory of the Emma Mine and my cennec.
ton with it. The substance OF that pam.
phlet was published some weeks ago in
the Nation of New York, and its article
has been copied into two or three YER
mont papers, and has been made the ba d..
sig of attacks upon myself and gentlemen
associated with me in business enterprises
in my state. My habit has ever been to
allow charges against me to 60 unnoticed,
observing that time always vindicates the
right. In this case, however, the tran.
sactions have occurred thousands of miles
away, and their history not being easily
accessible to this community, aud in just
tice to myself and my friends. have
thought it proper to make this simple
statement Of facts, showing conclusively, |
think, that the publication above alluded
to, is tissue of misstatements and false.
hoods from beginning to end
ask you, therefore, to publish this
and the accompanying communications
and | also request 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 a
clear and complete statement.
My connection with the Emma mine
and its sale is as follows:
In April, 1871, ! went to Utah with
General 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 and
paid cash for it. We worked the mine
vigorously after the purchase, and in the
July following declared a dividend Of
$3.50, 900 from the earnings
In July, 1871, went to Utah with T..
j. Phelps, Esq, as counsel, to attend to
the litigation, 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 q United
States patent, which made the title per.
feet. There wers then twelve owners in
the mine, and after obtaining the patent il
was determined to sell the whole, or u
portion Of it, and to offer it in England,
for the reason that England is the great
market for the mines of the world. She
owns most Of the valuable mines and il
fully informed concerning them, having a
lumber of able journals devoted to min.
ing matters solely. The ores of the Em
ma mine, both before aud after our pur.
chase, had been shipped to Bath & Son
and Lewis & Son, eminent English mer.
chants, and they knew the.exact products
aud we had received various offers for the
mine from English parties.
am safe in saying that there are nc
people better informed on the subject oi
mines than the English, and | learned
during my stay in London, that the En-.
glish people are as sharp 10 dealing in
mines, and as well able to protect theiI
own interests. as any people whom | ever
met.
Early in September, Hon. w. NJ. Stew
art, Senator from Nevada "who had ar
interest also in the mine" and | went tc
London to negotiate a sale. acting for al
the owners but did not expect to sell tn,
mine without an examination by the pur
chasers, or an expert to be selected by
them, as that is the usual way. and W,
took no report Of tho mine with US. Soor
after our arrival in London we had
proposition for the purchase Of one-hal
of the mine, we to take stock 10 an En-
glish company to be formed for the othel
half the sale to be subject to satisfac
tory report to be made by any one to b
chosen by the purchasers, We accepted
the proposition and the purchasers solicit
ed Prof. b. Silliman of Yale college T.
make the examination and report. ha'
no acquaintance whatever with Pro!
Silliman, had never seen him, but kney
that he possessed high reputation i
EDglaud and America.
In October, 1871, Prof Siliman mad
a careful examination of the mine and
report on the same TO Me purchaser Tn
report was satisfactory to them and th
sale was consummated. The mine ha
been producing for long time previou
over S75, 200 per month net profit, an
the ore all having been shipped to Eng
land, the purchasers had before them tn
exact figures as to the products, ] acte
as agent in making the sale, aud the col
veyances were executed in New York az
cording to the agreement.
After the new company was organized
in consequence Of statements that ha
been made about the mine by parties il
terested in depressing its value, refuse
to sell any Of the stock, we had receive