, 1875-11-29
THE EMMA NINE.
Testimony Of Minister Scbonck
Before tho Directors Cotn-
nlittcc.
he Explains How Ho Became a Di.
rector Of the Emma Mining
Company.
Ills Subsequent Transactions. and With
draWal from The Concern,
HnaIn.d msrtcdn 1tMet.

Ang1o-A m<rscan 7tmts.
Tho frat knowledge had of Tho nins was In
the t,tter mart oY f,ctober 1871 mat then n
i,a."i T., T.ss... ,s,'sr -4 mos wa"
hotol in London wle'e MAS making call
on 1fiehu OF NINE, TWO Ames1chn
gentlemen. tho lion. Mr.. Hterart, United
staten Senator for So.atla, with whom i had
h, ~, .c,n.int.i ,o- ..ro,., 49,, 80 H. r.
~ ".en ,', .,aa1n'ea '9l se'sr@' year, auo mr'
w. fa's' 20 "hom was theso lntsooucco " my
friend tho Hon. ", ii. Evarts, OF Now York, tho
gentleman upon whom had csllcd. Within few
Jaya aftcr tht.. and after anne roc.l inter-
co,r,o th,r. ,an,,.,,o, t,,,I ,n. ~ thn noo.
'.'o" seu.'' ~" -" - ~" 49,.
run VI tnel1 We'll 20 Hustane4' o' WHICH hhd
beforo no knowledge. It waa to sell. they said.
or To organize corppaa7 for tue purc,1sso apt
wo.kirv n, Tia Emma rninfnt nroncytv. tho
or nor.hn =, ~,ia,, ~ t,,o ,,,ia ~ ,h,., ,,,...
"a 'nteu' ~ s'' s'.'o - '"'s"' 'A''
bell OF represented.
listened With Interest to tho accounts they
caro- ine of the ei.us.ion aud greut
T,,rs ~ ,t,o nina IT woa in a n,oce inv
80. '1.
sa'"' eA'sa 3"o Ast"o .o'1.''l"oot. .anou u
Cthh, and uron hearing that 1ecsllod tho 1act
tint aoma timo In the year previous, happening
IN ue in Tim Office Of tbs comfuipsionnr Of tho
Oeueral i,s,,,f (,,,co in WABhinntun had Lanrd
iron, the Cnn,mirnioncr uentiSn ar discoveries |
Tia, had bceu made Of wonderful r;cL ,1epo.l,Y
al r,iyer IL th.t ncatr af ,;l,ri, he ut tc .ntna
i,no oxnjb1tcd to mo rome tpccin,eny. / Ind !
mover hrcn ,ny,cjf ns far West ~ Tt.l,. md. |
Am eorry Ia nv. uoyor val have Laen tu lint I
rart Of lbs country, nor oycr. supposo. within |
Ll or mn tnjl1a of this mine iicstrs. Etc1-
a1t and lark doyelored and o1n]ntncd ft,l|; aid
rnrsYri In mn lin s,,r,un.rd ,m,nr,ro yaire nn,
rrotltabIa chaI nrter II tItH p1onerty. q value
folndrd not only upon yhat Il could produce, Lut
rpon whnt 1t lad bctn p,ndlrfuy I1,ay nro. |
t,osed to mo thnt co,ntxny yhoniI be- formed,
and thnt tho rniuo ahouh3 ho sotI. aud that 1
should tRku shares in II. trheg cluilntu atI Il |
aoe,nrl 10 ho shown. that Tram tl,e yary ie..lr.
ir,yc.tnleut at tLo trca At w,I,ch they nfrerfd
Il. I'D for wnici, It was afiersara ,ljtuoscI Of
Al very willing to atld something =, my ltn-
ted inco,ue upon such favorable prUtaise, but
tb;cctna nt onoo ,hat il i rhor,u bo rs,,hfea,
cycn nfser m examination II Tim rr+nt ,ruita
enl returns probsLly to be n.qdo fr1m tho uro7-
e,ty, was not ab!o ia command ,noney enough
to tnEo utock to auy amount which would ns
wosth considering. Tit. difficulty mss. after
ao1uo of!o,t to tho md gomp urcnl,a;ion, IT,
moved. md msnaret to obtmn rnf,tcicnt loan
ti,r uch n1r. Park, IN rase should 70 into tho
Company fo- p4vyent OF shnres, uas, 1t con,Hc,
however, 10 satisfy nyrelt Ut tho YuIuo Of tho
Properly, To this end, raIscd mauy hours at
Inherent times in tho stt,y. III y el1 NJ cpu,d
OF prot. H.lj,uap's 1cnort on the mine, which
vaB exhibited to no. atu1 III exumjp}ng r1tns md
e5plan.tioun Of tho worx, iuBoectng accounts Ut
rnea If arcY. b1Ils of ]cuinc. and going over. in
short MI lin ri oote md c1hb,ts which yc,o
freety submitted tu me, Turso Appca,cd to me
tu e,,ir+ly kuttein tho rep, eua,taliuns made on
ttbuIf ut tho ycnt]err. sud wero substantially
tl,a A,me aH / reco1pct an y cre .tt ont iu ;i,,
roepuct,tn u tho Company. I concluded mud
nprcci to a,,p]y Ipf s shares at lilo tubseyintGu
fr1co, vhicl. wn1 Gu rer eLnie, aud wl:ei; Dir.
Parker Undertook to rco sI,uul1 be allotted u
mn rycnty.tlyo of thcsn shares warc ]ntnnlni
for f,icp1. an Araerlcau gcn;lo,uau u in parn m
| intimate friend Of uuo, 10 wuote rifp. Lt L,s
ro1uost, i subsequently transferred sl1oua at psr
Tia, lei, suy 47b shares OF the original suhrcrip-
t,nn Those pharta t still hnttl n,nt mr. 1.1ay
/ + ~. 7 III II,
| At whatever loss, Tho hlareA a1o noX quoted
| On tlIu martot at II los to IL lGs. | could
have pU]d them, ut ono peiiod at ieass, for pyor
100 si,are.
III: DJ.Cosfts l. H1rrcfaE.
After had thus cu,,t cn.c,i 10 Uc. ,n,a tl,are-
holder in tho Cutut,lny, pni l.sd tuko,, and sr.
! ranged fer tin ,ayrGcnt ,cf the rhnte.. i found
sl,ese gentlemen "oso exceedingly anxious t4at
! 1 should become director of the CON. apy, ard
nelmlt nv name 10 10 Known in copnect1on viii,
It, Tu ltijs / detuurret, I thoucbs TINT ryof,a-
liz coue,t,ctiug nv residence III London iu n di.-
loinat,o capacity, 1t ,9ea bsttor arIlxps tilnt
SHOULD not have aurthjrc to do viii, tuc man.
accment Of lin Company ard am free to nj.
MT t,ut think on thas elouul I diA mako a
n,stAho in e,cr asssu,ine 10 tic uuo Of nv ,.ae
1t was rel resented t. n1e. md mas lncli1,ed tu
WA told, only two or three Directors rcl re.eut.
itt liz Interest OF A,no,icane iu tho Co1npauy
ttnt to nrotect nv own iptcrcsts aB ven III
lilo gouetal concerl might otherwise properly
| bC Dl(QCt0r. 80 14f ktl4 uHGH ION Dl pf1DTl
CIV vas conocrucl, / wna. u,,on INJURY IN tnt
or thloc different quurtcrs, informed tha, !,
would not 10 exceptional for tliplomst,o 1opre
sentative to sustain such character III rolaslot
to the lompapy: and NOTABLY wan iu,tuoncet
hy Tho fact TN: nj that worry time there waa s.o
furo lilo English public a prospectus tor
scheme for thu copstruction Of atca1u tsamwayl
at Llabou. tito promoter aud o:lrjua1 eran,ci
uuIer tho Charter, bot1 tho Director and Chan.
mnn Of tho Do,ru Of directors OF which Con,
nany wss tho eldest DIPLOMATIC representative
thei, and etll At thia Count, my very ,nnch Of
! tcemed frIent! Field Narshel Duke OF baldauhs
Minister Of Portugal. hayo found copy d
thai prospectus, aud viii hand 1t Ia AZ part q
. NV Ionoaittot,,
Wne,, I ua. asked to bo a Director. 7. amont
othor tt,invs. inristn1 that could uudor uu clr
cumstaaces ASSOCIATE naysslf with any PERSONS II
tIo management Of The Company. uuies suouj,
hnow uroSiousiY that thoY wo,o gentlemen O.
POSITION and ycscectabil,ty, with whom woult
t bo Wiling TO art. / am bhip to .nfresb mr. r.ual
irntionu "a Ia tLe information I rocotyod ny 1ny
tur fonntl tins toorpiua among NV papory unt
from bIr. Stewart il whoi he staies, what