Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1874-02-27
saying that its accuracy in many material
narficnlars il vithin my nersOnal knOWI-

saving that its accuracy in many material
particulars is within my personal knowi-
edge.
In the summer Of 1871, accompanied
you to Utah, to assist as counsel In trying
the case pending il the United states
Court there, involving the title to the mine.
remained at Salt Lake City about lott
night, and during that time visited lne
mine, and made the acquaintance OF many
other visitors, both scientific and practical,
interested in mining, who had been drawn
there by its celebrity. | know nothing
about mines, and can Only state what L saw
and heard.
The Emma was a. that time being wors-
ed by numerous force, day and night. IN
relays. The material excavated, and the
quantity was very great, was conveyed Dy
wagon to Salt Lake City, thence by Tail-
road to New York, and by steamer to Lis-
erpool, where it was sold TO the smeiters oS
commission merchants.
The operations of the mine, which were
very extensive. were open to the public ana
were seen by hundreds OF people. The In
habitants of that section Of the country are
largely engaged in mining Ihere Was
therefore no chance whatever Tor either
misrepresenta ton or concealment, as 10
the character, quality, or extent oil the
work at the Emma.
heard but one opinion expressed among
all those conversant with mining; and that
was, that the yield of the mine was almost
without parallel, and that every indication
of a permanent vein existed, that science or
practical experience had yet discovered.
With the subsequent negotiations for the
sale of the mine had nothing TO do, except IN
making assurance to the purchasers OF the
validity of the title, and the conyeyanees.
| But happening to be in London, IN May,
after the sale, | knew from the parties
there, as well as from yourself and your as
sociates, that it was made, not upon repre-
sensations, but upon full and exact evidence
of the quantity and value of the actual
product of the mine from the time II was
opened to the time Of the sale. The books
of the commission merchants in England
who had sold the ore showed precisely ITS
amount, its value and its profit. And tins
showing was the basis of the purchase In
addition to this, three separate examlna-
tiOns of the mine were made by the English
purchasers themselves. Ihe-frst II October,
1871, by Prof. Silliman, employed by them
for that purpose the next in February,
1872, by Mr.. Willyams, one ofthe English
directors. aided by experts selected by him
Stanley, another English director. The re-
ports from all these examinations went con-
siderably beyond the representations Of the
sellers.
In October, 1872, was again in London
| Some twelve r,onths had then elapsed since
the sale of the mine. The stock had,
believe. remained during that time at con-
siderable premium Except during a tempo
rary depression caused by the inroad Of the
Illinois Tunnel Company, mentioned N
your letter.. and had paid monthly divi-
bends Of one and halfper cent | then
learned from Mr.. eager, Your agent, .hal
YOUR interest in the stock had been closed
ont in June previous But that on both
YOUR subsequent visits TO | tan, in July anC
in October, you had written him expressing
greater confidence than ever in the perma
nence Of the mine, and directing large pun
chaseS Of the stock for our account, whlel
he had accordingly made AT a considerable
premium DO not believe, and should b
much surprised TO learn. that an
respectable person in London VIII
was concerned in the purchase, has eve
attributed to you or your associates an.
hut the most honorable and straightiGr
ward conduct in all parts of that transac
ton. ~ late a. October, l,72, when | LET
London, their expressions toward You wer
very cordial and tlattering.
They had in the purchase complete assur
ancc on every point. except the duration o
; the deposit A. 10 that they had all IN
evidence that could possibly be afforded
They well knew that CERTAINTY on tina. pom
3 was not within the range Of human fore
sight. and made the purchase subject I
the risk that attends all mining spccla
, tious. Very truly yours.
/ T. J. PHELrs.