The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1875-02-10
RUTLAND GLOBE WEDNESDAY

ing TO the authors of these charges an am
pie opportunity to prove them, II possible,
will result in demonstrating that they were |
utterly false. p.
Comments of the Press.
The New York tribune, which first gave
publicity 10 the complaint of the English
stockholders against Mr. Park, Gen. Bax-
ter and Senator Stewart had no faith what
ever ia the foundation of the charges set
forth in that document, as will be seen
by its editorial comments
"The disappointed English shareholders
Sin the Little Emma mine have begun suit
"for five millions or thercabouts against
"Trenor w. Park, Senator Stewart of Ne
"vada, ct AL, for failing 10 make returns of
10 or 80 per cent. as they promised. We
''dslike saying anything further to defect
"thcsc unhappy spectators, but going to
'aw in this matter looks TO us, Indifferent
''as to the result, very much like jumping
'out of the frying-pan into the fire."
The Troy Times, in publishing the arti-
Gle, makes judicous comments thereon,
undoubtedly from the pen of its editor,
Hon. John NJ Francis. This indicates the
spirit of the press, in disbelief of the charg-
es presented against men SO well and favor
ably known in our community, The Times
thus fairly and impartially says: "We
desire to do no man an injustice, least of
all one whose enterprises and peculiar bust
ness methods we have opposed and con-
demned SO strongly and SO frequently as
we have those of Trenor w. PARK of Ben
nington. Therefore, we feel we ought to
say that MIR. Park publishes a letter in the
Tribune in regard to the Emma mine swim
dle--for which he and Senator Stewart and
Gen. Baxter have been sued for $4,000, 900
damal cs by the English stockholders-eX-
planning his transactions in way which,
if true, must relieve him from all response
biiiy IN the matter Mr.. Park asserts that
for long time previous TO its sale to the
Englishmen, the mine paid large profits,
and that subsequently these profits in
creased, and Mr.. Park offered large bonus
for its re-purchasc. Subsequently, how
ever, he bought five thousand shares at
above par, and held them Tor several
months. The first year of the English
ownership the mine paid ten dividends of
$75. 900 each. Mr.. Park says:
1t is charged that the mine is worked out
! and of no value. If this were true, no one
is responsible foi it Certainly not the sell
ers any more than the buyers,) as no one
can look into the bowels Of the earth. In
vestments in all mines are to an extent
speculative, mines sometimes proving to be
worth one hundred times their cost, and
sometimes giving out, contrary to the ex-
pectatiOns of every one But in fact this
mine has not given out not one-twentietl
part OF the ground has yet been explored
5 even and the mine is now and has fol
some time been earning over 81 900 net pei
day Any one at all cOaversant with the
: history of mining enterprises knows the un
r certainty of the business; great gains Of
y great losses are the common experience.
Among my mining investments was $3.50,
900 gold in the Proyiiential mine in Ne
1 vada, which proved total loss, as well "a
: other investments there; but | neve
= thought any one had cheated me.
f Prof Sliman, who is charged in thu
n complaint of the English stockholders will
e having made a mendacious report upon thu
A value of the mine to influence its sale, ais,
denies the allegation, and asserts that an
/, charge of fraud against him is false IN ever,
q particular.
q Prof. Silliman publishes the following
~ card in the New York Tribune, and W
r. have reason to believe. Jh.u. ,rn.4Y-r afr6 I'D
q all concerned when he says that he hope
+ for a speedy trial, and that thorough an
}. exhaustive judicial investigation may be ha
= of all those charges:
e Sir-The publication of the complaint q
;. the Emma Mining company against Treno
w. Park and others, in your issue of Eel
IL A, affords me an opportunity of which
n avail myself to say
u /. That every charge contained in tina
y complaint, Or emanating from any othe
o source, imputing to me fraud, complicit
!. or other improper act, either in connectio
C with the examination of the Emma Mine
with Its sale or with the owners thereof, O
any of them, is false and untrue in ever
particular.
o 2. l earnestly hope that the action no,
It begun will be pressed to speedy trial, an
4 that a thorough and exhaustive judicial in
" vestlgation may be had of all these charges
e So far as l am concerned, l am prepared
o whenever and wherever such an investiga
t, ton is had, to meet and answer these charg
"a es fully, fearlessly, and, am confident
10 satisfactorily.
e Yours respectfully,
+ New Haven, Feb. A, 1875.