The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1874-03-05
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by the uame ef raaor5, pabIishrd S pam-
phIet in London. pufportlbg lo give q
history Of the Emma MiHe and my oaa-
ueeiiou with Co. The substance 81 that
pamphlet was publ.hed some week. ogo
80 the Nation pr New York, suj lls aHi.
ale has been copied into lvo or three Ner.
mont papers, aud bas bcct made ihe basls
of aitaek. upou myself and gentlemen as-
soelated vita me in business enterprises
,u my State. Nv habit llss ever been 90
allow charge. against me io 90 uuHol.ted
observing ihat time always y!udleatr. lGr
ught 90 this gasc, however, lHe irau-
sar lion. having occurred ih9u-aub, oi
miles away, aud thcif history uot being
ea.iIy accessible to lbi- community, nod
30 Justice 10 myself and my friends, !
have thoughl Il proper 10 make this .un-
pie statement of cts, showing concIu-
siycly, think, lhat lle publication aboYg
alluded 60, is q tissue uf missieienens
aud ialsehood from beginning 10 end
I ssh you, therefore. TO publish lbi, and
lbe accompanying communications, AID
aud also request that patt of the press
OF the state that is disposed to see justice
done, To copy the same; regret Che
/ Length, bat could ray no less aud muke
+ clear aud complete statement.
My connection with he Etuma Mine
aud It's sale is as follow:
In April, 1871, went to Utah with
Gen II. IL. Baxter, aud we examined The
Emna Mine aud the title oi the same,
which was involved ia ,eriou, litigation,
I We purchased oHe-hail OF the mine aud
paid cash for il. We worked the mite
! vigorously ailer the purchase, aud ia the
JuIy following declared dividend ol
/ $3.50, 900 from The earnings.
! Ia july 1871, went 10 Utah with T..
j. rhclps, Esq, as counsel, to attend 10
! the litigation. aud while there examined
the mine again aud found its appearance
had improved, Mr.. rhelp, visited the
mine with me-
/ la the August following, the litigation
was settled, and we obtained UnilGd
States patent, which made the title per-
/ feet. There were then twelve owners in
! the mine, aud after obtaining the patent
! il was determined to sell the whole, or a
/ portion Of it, aud to offer il 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 is
/ fully informed concerning them, having a
number Of able journals devoted TO min
/ ing matters solely. The ores Of the En-
ina Mine, both before aud after our pur-
chase, had been shipped to Bath N SON,
and Lewis 4 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 10
/ people better informed on the subject Of
mines than the English, and learned
during my stay in London that the Eng
/ lish people are as sharp Ia dealing in
mines, and as well able to protect their
own interests, as any people whom ever
met.
Early u September, Hon, W. NJ. Stew
art, Senator from Nevada (who had an
interest also ia the mine), and went to
London to negotiate a sale, acting for all
the owners; but did not expect TO sell
/ the mine without uu examination by the
/ purchasers, or an expert TO un selected
by them, as that is the usual way, and
we took no report of the mlue with as.
soon after our arrival ia London, ge had
proposition for the purchase Of 0ne-hali
OF the mine VIC 10 take stock ia an Eng
Ish company to be formed Tor the other
halt; the sale to be subject Ia q sali.tac-
tory report to he made by any Que 10 be
csoseu by the purchaser We accepted
the proposition, and the purchasers sJlic-
tied Prof B Sillman OF Yale College to
make The examination and report /
bad $50 acquaintance whatever with Prot,
Sil!iuan, had never seen him, bat knew
that he possessed high reputation in
England aud America.
IN October, 1871, PROT Siliman made
a careful examination OF the mue and d
report on the same TO the purchasers. --
The report was satisfactory TO them and
the sale was cousumma,ed. The mine
had beeu producing for long time pre-
vious over S15 900 per month net profit,
aud the ore ali having been shipped 10
Eugland, the p@cLn-crs had before been
shipped to England, the purchasers had
before them the exact figures as to tho
products. acted as aRsut ia making
the sale, aud the conveyance, were exc
cuted in New York according 10 the
agreement.
Aher lhe urw company was organized
Ia consequence of statements That had
becu made about the mine By parties iu-
tere,lel i depressing It's value, refused
10 ,cll any 90! thu Stock we bad received
(gne.halfJ uuul the English directors had
srut over oue oi their own number aud
ma1c $40 eyamJnaIsu Vi tle miua. Ac.
e8rtiuaIF gits director. seIeaJel {. Brit.
ges WiIlyam., E-qa Mp, and were iu
aurue-i iH -e'se.jug him, from the fsei
ttal ue lud purchased largely of tie ores.
bclure we sold she mine, wa- largely Goo.
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