New-York tribune., 1875-02-05
THE EMMA MINE LITIGATION.
TRENoR W. PARKS STATEMENT OF HIS CONNECTION
WITH THE SCHEME.

where the complaint. published in yesterday Ihib
UYE was read with profound interest The friendS oi
Trenor W. PARK the principal defendant dehy 'e ai'e
cations OF fraud They that Mr.. Park Is In Sal
forna and about return TO this city, when he VIII an
swer the complaint Vce-Prosideut Mccullough OF the
Panama Railroad the sonin-law Of Mr.. Park submits
the following statement, made by the latter on preVi-
GUS occasion when he assaled by reason OF DIS con
necton with the Emma Silver Mine:
NV connection with the Emma Mine and its sale Is as
follows: -, ~ D.o.
In April 1c71 went to Utah with Gen, Fl H Baxter,
and we examined the Emma Nine, aud the ttle ol ,He me
Tnrc6ased onehaf Of the mine. and raid cash for it,
We worked the mine vigorously after the pnrcnase anu
the earnings In July, 1871 went TO Utah Win r. o.
Phelps, esq, counsel to attend TO 6ne nuRs6VPn,
and while there examined the mine again. ana tOunu ts
appearance had improved. Mt Phelps vlSited the a9
with In the August following the ngatiom h,h WSs
settled and we obtained United states palent, wnlen
made the title perfect There were tnen twelve owners
IN the mine. and after obtaining the patent ~ wao g
termined sell the whole portion OF H. ana 10 oner
ii in England for the reason that England IS the grea
market for the mines OF the world she owns oot VI
the valuable mines. and is fully informed concerning
them aving number of able journals deNoteu 10
mining matters solely Inc ores S Hd been sbipped TO
Bath & Son and Lewis Son. eminent EnRish ih'l, h,
received various offers for the mine from LngHsn
parties. - =. o.. c.u.o.
from Nevada (who had an interest also III the mueli
ana l. TO London TO negotiate SALE acting lot az
the owners INIT did not expect 10 sell the mine without
an examination by the purchasers, or an expert 10 DC
selected bv tnem that Is the usual way ana we oYGn
no report Of the mine with US soon aier our m nn ~
half of the mine, we 10 take stock ia an Eugnsi ou @
ec to satisfactory report TO be made by any one TO oe
chosen by the purchasers. We accepten INC ptopUS,
ton, and the purchasers solicited ProI. j., olI',
man of Yale College to make the examination ana
report. had acquaintance whatever WIN fIo oII
man had never seen him. put knew that he possessed
a high reputation in England and America In Octo,
her, 1871 Prof. Sliman made carefu examination o
the mine and a report the samo TO the purchasers
consummated The mine had been PRODUCING ior a
long time previous over 600 per month net profit ana
the ore all having been shipped TO England the puI
Chasers had before them the exact gres a. 10 the pIu
ucts. 1 acted as agent in making the sale, AMI tne
cOnveyances were executed III NeWloiA acooIuihs "
Alter the new company was organized in consequence
OF statements that had been made about the mime hy
parties interested In depressing It's value Tenseu 70
sell any OF the I've had reserved oBe-hahJ unuI
the Engsn directors had sent over one of their own
number and made an examination OF tne NINE nc
cOrdingly the directors selected T. BiluRes WIy@Sms, @
esq, NJ. p, and Influenced In selecting nun rom
the fact he had purchased largely OF INC ores
ested in mines and was supposed to have knowledge
Of them. Mr.. Vilyams examined the mines IA
February. 1872 -four months after PToi simmAnl auG
made a report more favorable than Prot Slliman ana
he purchased aferh his examination 5000 shares al par
and abOyo-Over S3OO0Oo gold After MI. Myal, itue t
his report sold shares belonging TO tue owners ot
whom acting but purchased on my own 0 account %
over 5000 shares at par and did not sell theIl
until months after my return 10 the United States.
held for nearly year shares equal 10 my interest III 'n0
shares we received on the sale.
returned from England in June, 1872, aud early in
July had adyices that the mine was Hooded with water
and had caved and that portion Of the mine WAS taken
possession of by parties claiming adversely. at once
went to Utah to protect the Company AGAINST tno Ires
passcrs. Judge Poland accompanied INC as counsel.
We procured injunction and obtained possession ana
then again examined the mine the first time for year
While was the mine at this time, Col j. G. Stanley,
another OF the English directors, was there ana re-
ported to the Company fayoIaoy OF the niue ana unG
shares advanced on the report 80 wen llG;seI Vas
with the C6n1tilon OF the mine !nat Whlie N yuan
at this time, nine months after tbe mine had elg 0een
10 purchase IL back at $5OOOOO although S6OOVO SOd
had then been paid in dividends also telegraphed to
o. A. eager, esq. OF New-1ork my agent IL London TO
purchase 900 shares Qn addition 10 the 1000 had Iet
with hml which he paid ABOUT IS per cent premium
During the Fall OF 1872 my agent oeihg about 10 eave
England the United States sold most OF my shares,
and have not visited tue mine since my visit VI July,
1872
In Sept 1872 the Company sent its President George
Anderson esq NJ p to Uta TO LOOK after lt interests
there. Alter he had seen the mine, he wrote TO me at
New-YOlk as follows -. ,o-o
satisfied win what have seen 59a - i@Eo,ss % 1oT any
ys9 ara .f We are }0s'ssGn @ Of pen.d PopeF tie Sole
Yours faithfully, GEO. ANDERSON.
Tnis was a wear after nv SALE and after ten dividends
Of $4,000 eacn had Deen paa and proper 10 say that
Mr. Anderson ana ms 1Iends Owned very Largely IN tne
stock and after his visit purchased much more at above
par. Iu October went 10 Utah 10 try the against
cOmpgnY MIR. Anderson was stH there visited the
mine again. and from his report Gy health did not per
nit my gong with him. and the reports OF Others
ordered 900 shares purchased the market price and
all that could be got At par Ny agent purchased 205
II will be seen from what have written that part o;
the mine was purchased the strength Of their previ
competent party selected by the purchasers themselves
that three different English directors examined the mine
at intervals of about breo months and were more than
satisfied with their purchase that nine months otter tho
sale willing repurcbase the mine al what we sold
mOre that year after the sale purchased largely
IN tae stock at above par; and finally that
any stoCkhOldcr, after having already received
l9t per cent in dividenif aud having had
fourteen months in which TO Investigate the
.fialu
have sold his stock at above par may add here that
heard of person, friend or foe who visited the
mine nat did not make very favorable report upon II
and future prospects, tbs charged that the mine is
worked out and of no value II this were true no one is
responsible for it certainly the sellers any
than the Uuyer one can Ook Into the bowels or
the earth. investments IA al hlnes are W an eA'
bewOrth hundred tunes their cost, and some
times giving out contrary to the expectations OF every
one But in fact this mine has not gwen OUT not one
twentieth part OF the ground has yet been explored
even and the mine is and for some time has been
earning $1,000 net per day. Any one at ali con-
the uncertainty of the business great gains or great
losses are the common experience. Among my mining
IN Nevads which proved total loss as well as other
Investments there; but | never thought any had
cheated NE.
A CARD FROM PROF. b. sILLnHAN.
the Edttor Of The Tribune.
SIR The publication of the complaint Of
the Emma Mining Company against TrenOr w. Park
and Others in your issue OF Feb affords oppOr
tunity Of which avail myself 10 say:
l. That charge contained In that complaint, or
emanating from any other source, imputing to me
fraud completely, other improper act either IN
necon with the examination Of the Emma mine, with
its sale, or with the thereof any OF them
false and untrue In every particular.
O. l earnestly hope that the action now begun will be
pressed a speedy trial. and that thorough and
haustve judicial investigation may be had Of all these
charges. 30 far as ain concerned. L am prepared,
whenever and wherever such investigation is had,
TO meet and answer these charges fully fearessy and
7 NJ, oonadeut eatisfapforfly Your. rpsupcffuIlv