New-York tribune., 1875-11-27
MINISTER sCHENCK's TESTIMONY.

HE EXPLAINS TO THE DIRECTORS COMMITTEE HOW
BECAME A DIRECTOR or THE EMMA MINING
COMPANY-UIS SUBSEQUENT TRANSACTIONS AND
WITHDRAWAL FROM THE CONCERN.
From The An0toAm>rtean Tmes.
The first knowledge had of the mine was
in the latter part Of Oct 1871 met then at hotel in
London where making call on a friend OF mine,
two American gentlemen the Hon. Mr.. Stewart, United
States Senator for Nevada, with whom had been
quanted for several years. and Mr. T. W. Park to whom
l was there introduced by my friend, the Hon W. NJ.
Evarts Of NewYork, the gentleman upon whom had
called. Within few days after this, and after
social intercourse these gentlemen told Of the
sion OF their visit to England OF which had before
knowledge. II was TO SELL they said, OF to organize
company for the purchase and working of the Eplma
minng property, the ownership Of which, the title Of
which, they held or represented.
listened with interest to the accounts they
Of the situation great value OF the mine II IN
place. they said, called the Little Cotton Wood Canon OF
Utah. and upon hearing that recalled the fact that some
time in the year previous happening To be IN the Office Of
the Commissioner OF tho General Land Office IN Washing
on had heard from tine Commissioner mention Of dis
coveres that had been made Of wonderful rich deposits
of silver locality Of which he at the time
exhibited to some specimens. had never been my
self far west Utah. and, sorry TO say never
yet have in that part Of the country nor ever,
suppose, within 1900 1000 niles Of
this mine. Messrs. Stewart and Park deyeloped
and explained fully and carefully "
the supposed value and profitable character Of
this property value founded not only upon what IL
could produce but upon what it had been producing.
They proposed to that company should bc formed.
and that mine should be sold aad that should take
shares It, They claimed and 1t seemed to be shown,
that the very beginning IL must produce large dy
dends the Investment at the price at which they
offered IL, for which IL afterward disposed Of
very willing to add something TO my limited income
upon such favorable promise but objected that
II should be satisfied even after examination Of the
great pros and returns probably be made FROM the
property WAS not able 70 command money enough to
take stock TO any amount which would be worth consd
ering. This difficulty was, after offers TO and
after negotiation removed and managed 20 obtain
q sufficient loan through Mr.. Park, in should 10
into the company, for payment Of shares. l was O
course, however, TO satisfy myself OF the value OF the
property. To this end passed many hours az different
times IN the study well IA could, OF Prof siman's
Report the Mine which exhibited to me, and In
examining plans and explanations Of the work inspect
ing accounts OF sales OF Ores bills of las and going
over, In short. all the proofs and exhibits which
freely submitted to me. These appeared TO me TO en-
trely sustain the representations made on behalf OF
the yeDders aud we're substantially the Same, TO
collect, set out in the prospectus Of the
pany. concluded and agreed apply for 500 shares
the subscription price, which $40 per share and
which Mr. Parker undertook 70 should be allotted b