Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1875-10-01

forming it in London, considerable sum
having to be obtained Ia cash. 1t was only
on the urgent request of the Directors and
the Promoter of the company, that Mr..
Park was induced to give up certain por-
ton Of the shares allotted to him. that the
conditions upon which the Stock Exchange
would alone allow aquotation might be com
piled with. Over 5000 shares were taken
from Mr. Park to be sold to an eager crowd
of buyers and then the two-thirds Of the
whole issue had been absorbed by the public
as required for the quotation. But, as there
were rumors then in circulation preludiciai
to the company the most damaging of which,
by the way was first ventilated in our col
umns, it was stipulated that another investi-
CATION Of the claims against the mine should
be made in Utah. The point here brought
out by the inquiry is that Mr.. Park took the
shares and held them in a way to show his be-
lief in the mine and the fact has been ELECTED
that at a late day he ordered from America i
large purchase of the shares on his behalf
when they ere at high premium. Singular
" enough too he was led into this by the re-
port of une Of the Committees Of lnvestiga-
ton sent out by the Company, so that Mr..
Park might actually turn the tables on the
Company and declare he had been induced
by their fraudulent reports further largely
to invest in v hat proved To be worthless
mine.
Touching the despatch of the inyestiga-
tors, another tact has been brought to light.
Wher the Company after selecting gentle
man in whose judgment and knowledge 1t
appeared to have confidence, could not In
duce him to undertake the mission for the
sum it offered, the vendor came forward to
make up the difference that the design might
not be frustrated, and Mr. Park had to de-
vote a considerable sum 10 the purpose.
Thus. instead of thwarting inspection, it is
shown by the evidence that the person most
forward in bel ping the Company in its in
duiries was the so-caled "fraudulen: ven
dor; and wien the rumors Injurious to him
self and the mine again began to prevail, at
a meeting of the shareholders he is reported
to have said, and the report is verified by
all the mining papers of the week. am
about to return TO America, my home.
These stories will continue, and perhaps
gain ground in my absence. The mine will
be represented as fraud. If any Of you,
with that certain prospect before you, deem
it advisable to withdraw, will be prepared
to receive yon, when the meeting closes, in
the Office of the Company, where will accept
the transfer of the shares you hold, and re
turn the money you paid if You decline to
accept such an offer, can do 70 more. But
what the shareholders who have been the
loudest in condemnation wanted was, not
that Mr. Park should pay them then, but
that Mr.. Park should pay them in case OF
failure. Naturally they would desire while
protected from the risk Of loss, to keep all
the profit they anticipated. They held on
and failed; and, as such investors often do,
abused the man who had placed the proper
ty on the market in the failure. while they
would lave been as ready in success to con-
graduate themselves on their discernment in
making investments.
We cannot give up III this issue the space
required. for we will have to pursue the sub
iect into side issues, Snch Is the connection
OF the American Minister with this mine
for there are several actors 10 whom an in
justice ha- been done. the most conspicuous
being Gen. Schenck. No person is so deep
" interested in this investigation as be. and
we have always urged the inquiry to be
pushed into a court OF law that the facts
might be revealed in a form not to be de-
MED, when it will appear that the Envoy
was one of the heaviest losers among the |
led by a strong faith in the !
mine to invest all he could afford to risk.
1t will also be of interest, more especially /
to tho>e who still hold shares, TO inquire into 1
the pr poets Of the mine; what the expert |
,nce ha~ been Of those best yersed in silver |
mining ON the Pacific Slope, and what their
Judgment is as to the Emma, and the future
till bc!afe it. In doing so, we may have
occasion TO take up some statements in
The True History Of the Emma Mine -
< this Is the time Cor their ventilation