The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-02-29

rs rs plttl ,ot y. toniclpieted that the
place Il ali il VII eeMa 1SSgc siat s'n Sc quite Ger.
tycryslug f home 5ca,us now and PARK feet; very
iun'hi give them an excuse u 'l,. Is troune tnS
20 ~ % a, we ga src t9ns,9ln. 9, n nvo nnnprcd o9
l,uuon 70 any ing Box er says. ! WI aitcni to
S Sl y sHasn Dd s smP SPfiH oui 'S02
IS% Vs NV given y Sos ' ms 10 SSt
, nnd London an cxrensge nlage % stay with Ay
and ideu NY expense. viii be seter e,ecSs %
how ma T'G h Of & @ o. Se Os d & snd e VII
wnte YOU what ! lhink We can DO, and What tnlnx
Your frcad, i"D wiz ''"' 'O'' W. L. srSwGRT
SUMMONED TO LONDON.
On the 9th OF November stewart teleGraphed
Lyon to come immedatel, to London, and he
sailed the next day. Stewart was sent out ny
L,on to LOOK after his interests, and all his ex-
penses were to be borne by Lyon. Before send
Ing Lyon the telegram above alluded to, stew
hrt had written the following letter which he
knew would not be received:
FslEsp Lrcs, slImsn,s report wa. ;Hm!isISs!9Ty, q
mime isnei 70 raise tho moneL and lhe trade fei
h.ss' sre.9 lSps. .Sii Si ,aees.. % % sna % that you!
may eIceed four 6asdfsd thousand. am certain
@ "sn s e,y e s had S9 sloa ter mar M n5
see you aud autho[lle me ey telegraph to settle: We
| agine what time We have ma There are hnadred.
81 Sole. "Se 10 coSesa nss vh Sc sq le to Sw @s
,ne Emma Is az eIsspoS H haYe S9eS ss e2gpsd & noi
intend do. II you want to make nnal setlement,
YER so,a % MN how to do 6a Il he Ia. 10 aiIsnd to
GOn es, .Gs liter telegraph WI WA sa1 s41wasr aG
The Iangare of this letter where 1t alludes to
the necessity OF maAng the English public be-
! lieve that the Emma mine was AN exceptionally
good one, deserves close attention. for II will be
remembered tnat IN the famous prospectus Of
! the concern which Albert Grant prepared aud
| ON which the scheme was launched on the Lon
don market, the following sentence occurs:
| NaJor-Gcn. schcnck has, on account of tie excep
character OF undertaking, consented act
as one vi tne directors.
now THE THING WAS FIxED.
| when Lyon reached London he found Park
| and stewart occupylng tue same suite OF rooms
| at the Dunds Hotel, where they also hld an
trouble , iGey tue lad had with j. II. Psieston,
Of the nrm OF Jay Cooke McC1lloch 4
hoSy ,%. fsa E. Ss TsS Of
Qimitedl, VINO was To receive tl0O.ON sterling for
and ney nsd "so 10 ss ssfssd ssss TO
until the properly WAS transferred 10 the cor
poration. aud to act a.terrard as directors.
| They ex planned To hun, at their INST me tnR,
that they had agreed TO give Puieston $1,000
sterling 70. the use ,d o. his Ina name me nut nut
tho nrIn Of Jay Cooke, NcCulloch & Co, Ameri
can bankers, London. To this the nrm of Jaw
Cooke, McCulioch X %. objected. Ibey must
ne paid Tor the use Of their nrm name, and
nn ly It was agreed that they should have
$500 sterling for IT, After this was discussed
ana many otner tnines explsined stewart said
to Park. "llow ABOUT buying Lyons claim p
To this Park repea that he hac no money to
: pay him, and With this went out. leaving stew
urt uionc with Lvon, whereunon stewart pro
oeeded TO exuia,n wnere all the money uau kOte.
{ lie then went on and showed the ngures lor
their disbursements
VINO GOT THE MONEY.
I First, fiOO,OcO to Albert Grant second, s25,cco
to Jay Cooke, Mctulloch Co.; third, "a, so 10
90 into the treasury 10 pay diHdcnds on tue
amount paid upon the shares fourth, 30 shares
tito. These JDJ shares PARK said he had euaran-
teed should ay Is per cent, and IN the event Of
ment they we're u buy back. Fifth. Prof. Suli-
} man was to have tO,vO,and Lent of san Francis
, one milton dollars, and tns was to come uut OF
! the money pad on the one half Of the
STOCK STOCK ' they had agreed With Grant
. should not be placed upon tue market for n,ns
for him. and he wanted to know where the
money was 70 come fron to pay him; We'ie,
I stewart, DO not iorsst 20 tell Lyon soou,
, the twenty i've hundred shares TO DO held by
. dred shares that wer. to he bought osoK at the
a, end OF niue months Sne".rt rePnee
y again demanded to know nov. he was TO be
: paid, and stewart SAID II looked bad Tor him
d Lyon 10 take stock, but ne refused, ahC
a went to the Langdon Hotel. Before 60
o ana settle with them. rns next morning sew
D. art came around and proposed to MIN To- t5E' ss
e Ser Cent Of tnls. Finally il WI
a a agreed a that L,o should have tl5o,Oo
n I'm Creenbacks, Whicn he accepted stewart " al
. to 20 back 10 New York to Guy up the INTEREST,"
n of tho other parties there: ana Lyon was t.
W have share Of the proceeds OF the 900 share
n held up.
d now scHESCK's NATTER WAS FIXED.
r For nine months after stewart sailed Lyoi
a had irequen! interviews with Park and on
- tlon was called 70 telegram from New
10 York, published in the Times. which s,i'
N that IA resolution directing An inquiry int
II Schenck's connection with tne Emma Nine hat
20 been introduced In tne United states senate b
Il..s. llnlE nFL anln nav
hTtd this matter with G-n. schenck. hsv
taken mis- note for the stock, and certified thnt h
would swear TO the statement, and he replies
20 mo, l have only certified 90 It and sent
K. this will crush out Blairs Investigation.
N n Mr. Lyon also testified that Park showed him
TO TO retire from the directory, because {, wa
az "a giving his political enemies handle I
pm w'n ans T 'og Tbs Isy ss res
"a "a Parker said did not suit Grant, who insiste
"a on having one they e2u,d p!blst
* ed him another letter from schenci
~ which was sfterward published, although no
for nearly month after twas written. lhe fac
that Schenck had reslgred was not made put
y lie uni Jan: II, isIS' although v, wI
q retired. Lyon testified also that Stewart ~
NJ NJ stock, aud Irving Davis told bin the sam
ht thing. Davis SAID he had seen Parks figures
ne Win which he accounted for the money
&c received for the stock sold, and the price
Dt Scnencks shares was charge against the CON
,m sn pany. Al one time before Schenck reslgne
,e s' Park told Lyon that 1t was necessary
10 sell 500 shares at eS, or - premium, an
up he gave him check TO go TO Jay Cook
et McCulloch Co.'s. aud get $500 to pay Is q
each share. lie got the money, and wei
to tho London aud Westminster Banl
where the bonds were for sale, an
. gave the money to the cashier. tn
o. cashier said aloud. so that bystsnders ooul
o. hear The gentleman takes Ave hundred shar'
an more. hls was ehrly 10 tne nornIhg, ana tn
40 day. The examination Of Lyon will be col
% tinued tomorrow.
Ns rUourvo IocEsUTrUs