New-York tribune., 1875-11-30
THRLET ND UIPLONICY.

In the reports of the recent turbulent meet
ing of the Emma Mine shareholders in London,
the London papers state that the assertion OF
the Directors " that Gen. SchCnck, the AmeIi-
:" can Embassador, had been loaned 10000
" by Mr.. Park to enable him to purchase
4" shares and that he secured written guar
"antee from Mr. Park for interest at Is per
cent per annum, unknown TO his colleagues
created ii considerable amount of indiSna-
ton We have already published Mr.
Srhenck's direct testimony on the subject,
given before Il Commission, in the suit
of the Emma Silver Mining Company
of London Qimitcd) against Trenor w.
Park and others, and our readers
know what a mOrtifying exhibition our repre-
sentative at the Court of st. James therein
made of himself. The cross-examination was
still more unpleasant. 1t appeared that Park
was a total stranger to Gen. Schenck until he
went to London to sell the mine, and that
few davs after they were introduced to each
other the proposal was made that Gen. Schenck
should become - shareholder in the Company
and that Park should furnish the money.
And when counsel asked Gen. Schcnck what
object he supposed a stranger could have III
advancing $4,000 to linn for such a purpose,
he seemed inclined to attribute Nj. Park IS
behavior to a mixture of patriotism and be-
nevolence. 81 think it is probable said he,
% Mr.. Park knew that NY circumstances were
"not such as to lift me above the need OF add
"ing to my income if | could. He was an
American; was the American Minister here !;
"and he might have desired that the American
Minister should he connected with the Emma
"Mine | did not go into his motives so much
GAS | did into my own" Gen. Schcnck wGs
not allowed to escape, however, with this
pIileless answer, and after some pressure he
acknowledged that ne was well aware Parl,
wanted the weight Of his name. And accord
incly few days afterward the flaming pros
pcc,us Of this fraudulent Company announced
that "MaioY-Geueral ScheHck has, 0D account ot
" the exceptional character OF the undertaking,
consented to act as one Of the Directors
Written agreements were made between
Schcnck and Park at the time oil the loan and
purchase, SchcLck assigning TO Park 40 OF
the 500 shares as security for his note ol
10000, and engaging likewise to execute a
mortgage upon ms house in Washington If It
should I've required in the course Of the year
rs additional security, and Park guaranteeing
dividends on the shares at 2 per cent q month
! (af,erward reduced by consent TO l'2). II
there should be any default in the dividends
Park was TO take back the shares at par, aud
by rendering their par value he could at any
! time discharge himself from the guarantee.
| I'm all this a noticeable point is the ease
( with which Gen. Schenck formed intimate
business relations with an adyenturer already
of i'll repute. Mr.. Park was identified with
and was understood to be one Of the projectors Of
| the MaripOsa Mining Company, swlndle which
Ncw-Yolk capitalists have not yet forgotten. lie
was concerned in the New-YoTk, Boston and
| Montreal Company, railroad through line on
paper, whose pretended first mortgage bond,
were palmed off upon the foreign markets, and
are not now worth dollar basketiul.
Large suits were already pending against him
on account of this negotiation. He was
/ besides tangled up in various extraordinary
! transactions in the Street and in general, was
the sort of person whom reputable business
men would let severely alone. and whom the
American Minister should not have consented
even to meet, much less TO have business
transactions with.
| 1t will be observed that while 500 shares
were allotted to Gen. SChenck the assignment
covers only four hundred and seventy five
| The others Gen. Schenck took for friend.