The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1875-09-28


which he was enriched aud others impov-
ershed-protesting that such injustice has
been done to him, insists upon the trial be-
ing pushed to result, and instead of
"backing down." is really the sutton in this
suit brought against himself.
There is a circumstance connected with
the sale of the Emma Mine in London
which has been strangely overlooked, or
has been stesdfastly set aside by those eager
to der ounce the alleged swindle. When a
property is offered for sale for 81 ,000,0 900
sterling, and that property is in land, 1t can
be inspected, its value can be estimated by
experts, 1t is open TO those who design to
purchase to have its value thoroughly test
ed by persons on whose knowledge and
power of judgment they place reliance.
Not only was the Emma mine thus inspect
ed, but 1t was re-inspected, and The process
again and again gone through till no means
known for tic investigation of such con
Germs had been neglected. Now how do
those who allege fraud get over such a fact2
When the sale was proposed, the first step
was to name the man whose experience,
training and honesty. had secured for him
the highest degree of public confidence.
That man, as anybody at the time would
have admitted, was Professor Silliman, and
as such he was selected and despatched on
the errand by the firm in negotiation for
the purchase. with instructions to report
directly to them. The charge brought, on
the dividends ceasiug, was that q heavy fee
depended on the nature of his report that
he reported favorably and received large
gratui,y which would not otherwise have
been given. 1t is needless TO say this story
| is untrue but it has been freely told to
the injury abroad, and at home as well, of
Al. Il
| fore, is one of the men TO whom an injus-
tice has been done, which as 1t is alleged,
| this suit will rcciity. If the report of the
Professor was honestly made, how did it
| happen that it represented the mine as a
| silver bearing lode likely to be of soproduc-
| tive character? The Professors opinion
| may or may not have been honest, but the
| allegation of those VINO have taken such
| pains to defamc every person connected
| with this concern is that the mine was
"salted" or "plastered" for the occasion
| by its "capiaiu" Mr.. Williams. who 1t
might be supposed from what they say,
had borrowed Buffers silver spoons with
which to line the walls and refresh the pro-
fessor's sight, who. open-lnouthed in Won
der, gazed al the puudci. indeed, the
story rs told-how the professor was taken
in--is only less ridiculous than the way in
which it IS here put; tor. the plasteriDg OF
| Captain Williams was as little likely to
| deceive the experienced aud scientific geol-
| ogist as if he had really gHrnished the
/" dirt" with the plate taken in the war.
But so indignant was the captain" at the
accusation that he brought an action for
libel against the New York Nation which
had told the story. It is alleged on the
! strength of Mr. Pa1rprd's "True History.
This libel suit has been pending for some
time but will probably be brought to an
issue about November next when per-
haps, another of the falsifications connect
ed with this subject will be exploded.
But the professors inspection was only
the preliminary move, for the chairman
and other directors followed; and at Salt
Lake City there was generally some one
intimately connected with the Emma silver
mining company, who had proceeded to
the Mormon city on tour of inspection.
No means of scrutiny appears 10 have
been overlooked and report followed4rc.
| port from the officers whose business il vas
to protect the shareholders, all in The same
strain, of faith in the wealth OF the niue,
and of congratulations on the possession
Of property so valuable. Those who ac-
cuse Mr.. Park Of bringing to London tlit
| title deeds of mine he knew to he rum
II uIuB Outy nCNSi attStupt w. ''bihilS this
| contrdictiun-that others better informed
about mines than Mr.. Park, had seareh
ingly inspected the property for the share
holders, long after he had reached Londol
with the asserted knowledge, yet had no
made the discovery. On the contrary
/ these experts selected for the protection o
! the shareholders who make the accusation
/ reported that nothing could be iuore bril-
| liant than the prospects, and if all thei
appointees formed that opinion, might i
not be possible that it was the conclusion
| Mr.. Park had already reached, and Oh
which he had made the sale? TO con
| denim him they have to assume what i
in high degree improbable, and when hi
} / conduct jn the sale, when the arrange
/ ments and conditions are considered, whe
/ his subsequent actions are weighed. the
arc all found to be IN harmony with tn
conviction that the mine was well wort
= | the price at which it was offered. TIL
> stipulation was that he should receiv
f40O,O in cash, and 100000 in share,
| The other 100000 in cash was the SUI
D | devoted to cover all the risks and expense
y | Of the person who undertook to float ih
, | company. These were the terms whic
Mr.. Park carried with him to I'm.
. land and from which he never swerveC
i | though the first firm that endeavored TO d
: the business found it too considerable IL
h their resources. If there IS anything wron
in that negotiation there was, at least. u
concealment, for the vendor openly slate
o his terms, that such was the portion h
g would allow for what were represented /
!. be the very heavy expenses Of the promo
ter and he went on to state that he desire
= to hold half the mine in whatever form III
e | company assumed that the sale in Iondo
y ! was necessitated by the condition on whic
the mine was then held, there being sever,
claimants who after much negotiation, ha
e | agreed to accept certain terms which alor
l. could be complied with by a strong con
" pany, hence the necessity for forming it
London, Il considerable sum having to
i obtained in cash. 1t was only on the u
X gent request of the directors and promot,
y of the company, that Mr.. Park was il
= duced to give up a certain portion of Il
Y | shares allotted to him, that the condition
u upon (which the stock exchange won
IL alone allow quotation might be compile
with Over 5000 shares we're taken fro
- Mr.. Park TO be sold to an eager crowd
~ buyers and then the two-thirds of tho who
l. issue had been absorbed by the public
;e required for the quotation. But as the
u were rumors then in circulation prejudici
III to the company, the most damaging
which, by the way, was first ventilat'
D. in our columns, it was stipulated that a
10 other investigation of the claims again
"a the mine should be made in Utah. II
~ point here brought out by the inquiry
IN that Mr. Park took the shares and be
le them in way to show his belief in Il
a mine, and the fact has been elected that
In a late day he ordered from America lar
I'd purchase of the shares on his behalf VIII
Or they were at u high premium. Singular
lg enough, too, he was led into this by the
n, port of one of the committees of investie
n ton sent out by the company, SO that NJ