The New York herald., 1876-03-23

arranged to carry the stock for him he could not,
however, state in what way. Lyons testimony. 10
ihe elect that Mr. Stewart urged him consolidate his
claim with the California company, as that company
had capital OF $4,000 900 and Lyon could have
large interest in the shares further that there
were shares enough TO give witnesses and jurors
enough all round to influence . pending suit in Salt
Lake the witness pronounced unqualihedly untrue
He did not think ne recommended such consolidation,
although he would have been favorable TO IL provided
sufficient title could have been shown by the
California company. The witness also denied other
made statements by Lyon including the that
thought Stewart the mine exhausted.
Mr. Stewart read further from the record Of Lyons
testimony. He told Lyon he willing authorize
the sale Of the mne but would not agree its being
sold on sham agreement; he wanted regular bond
ide sale; he (Mr StewArt gave Mr. Park authority 10
sell the mine for what he pleased and would agree
any reasonable contract but would not take any
chances; he demanded n bond fde sale for a definite
amount of cash and stock and he did say that t
should not sold unless he got $500 O00 He went
through the record OF Mr. Lyons evidence and denied
many Of his principal charges He particularly dwel
on the contract with Lyon where he to drop his
litigation for onethird OF the proceeds and assign
his rights to the company, TO make clean title,
and then to receive the option OF one-eghth
OF the proceeds OF the sale Of the mine
over 81, 5C0, OOO and II the proceeds over
that were less than $500 900 Lyon to take that in
full settlement OF his claim The commissions
English 'pulls, as thev called them, demanded
by all bankers and nearly body with whom they
came IN connection. Mr. Fahnestock OF Jay Cooke
Co, demanded two and half per cent on the sale.
''Pcllsl also paid Baron Grant, Lewis Sons,
and others Coates Hankley, the parties who nitro
duced them 10 Baron Grant demanded El0 600 Tor tho
Introduction. but II was not paid Mr. hcCeiioch, OF
the hrm OF JAY Cooke, McCuloch Co., did not want
his partners TO INTO IT, but Fahnestock did Fahne-
Mr.. Stewart remarked that nobody handled any OF
the money Till Lyon for and con-
suited. Lyon seemed anxious TO yet some money
and drop litigation. lie (fE Stewart) formerly
believed strongly In the merits OF Lyons
claim Tor a ono-third interest until Lyon TO him
In answer 10 letters and telegrams Mr.. Park had
never had any confidence In Lyons claim, and he ONT
Stewart felt satisfied that II wrong after the con-
sultation referred to. II Lyon had gone with the
litigation il would have been all right but lie seemed
very anxious to drop IT, The f46 800 referred to by
Lyon % go INTO the treasury for paying dividends was
for ore shipped TO the old company. Park who hhd
charge OF the accounts turned to the CON-
pany. lie thought Baron Grant paid Jay Cooke McCul
loch 4 Co. the two and half per s., 900 900
demanded by Mr. tahnestock- He did not think they
earned the money; IN fact, he surprised at the
amount OF money they had TO pay numbers of pco-
pie in England Pueston did not get his fl0, 900,
though he tried hard
denial OF many OF the main points OF Lyons testimony
and TO show that General Schcnck OF the
stock long before the organization OF the company aud
that he did not become director until after sale OF
Grant went INTO the affair mainly the statement
that General Scbenck director for the reason
that General Schenck did not become director until
after the sale OF the mine. He said that Genera
Schenck's name was first suggested the I'd Sd OF
November, long after the company organized.
Adjourned till to