The Portland daily press., 1876-02-29
THE EMMA MINE.
The Congressional Investigation.
Testimony of Games E. Lyon.

WASHINGTON, Feb. 2S.-The committee on
foreign affairs to day heard the testimony of
James E. Lyon of Racine, Wis, concerning
the Emma mime speculation. Witness origi.
nally owned one-third interest in the Monitor
lode which afterwards became the Emma mine
and an interest IN which was purchased by
Henry ID. Baxter and Trenor W. Park Suits
arose and witness employed as counsel ex-Sen.
ator stewart OF Nevada and Gen. Hitler:
Senator Morton was retained for $4,000, and
an unsuccessful effort was made to remove
Judge Mexican of Utah because he was large
shareholder in a similar mining company. The
other justices were joint partners in the Emma
mine, in which the marshal of the territory
was also interested. party in San Fra ncisco
had purchased from the estate OF SllaS Bralne,
for a nominal sum, claims about fourth or a
half mile from the Monitor lode and organized
the Emma Mine Co. with capital OF $lOOOO,'
000 Mr.. Stewart advised the witness to con-
solidate his interest with the new company,
which would have shares enough to give to
witnesses, judges, jurymen and all. Witness
was anxious to dispose of his interest to Park,
and for a consideration was willing to withdraw
both bis claim and the suit he had commenced.
Mr.. Steward said Park was not to be trusted
and would swear to lie, steal the records of
the courts, buy witnesses and do anything to
carry his point. In response to Mr.. Stewart he
said, have heard Park say hard things about
you and that you would not hesitate to buy
judges, jurors and witnesses at your personal
convenience WlGueSS asked OC6WarG 10 see
Park and effect settlement of the business.
| 1t was agreed to. 100000 had been taken
out of the mine up to July, 1871 land allowing
half a million for expenses witness was willing
to settle on that basis never having surrendered
his interest in the Monitor lode.
Stewart and Park left for New York, and on
| the 9Th of August Stewart wrote that he could
not make so good a bargain with Park as he
desired, but there was no occasion for much
dispute about worked out mine. Witness
- I,
Park, as it did not secure to him the half d
million promised. Park discharged all the
miners but six. No ore was to be taken out,
but only developed for examination by an en-.
| glneer, as it was to be sold on its reputation.
Messrs. Stewart and Park went over to Eng
| ness to come to London. When he got there
| Stewart said there were hundred mines there
| for sale. and against the previous advice OF
| witness he had been compelled to identify him.
! self with the Emma mine.
Prof Silliman's report had placed the mine
| among the great mines of the world, and stated
| that ore to the value of three and half million
| has already been removed from il. AT London
witness found Stewart and Park occupying q
| room at Edwards Hotel as an Office. Albert
Grant Of London framed the prospectus Of the
| Emma Mine Co., and $1,000 sterling were paid
| to him as a promoter of the scheme, and G25,'
| 900 were paid to the thanking house of Jay
| Cook, McCulloch & Co.. for the use of theiI
| names. j. FL. Puleston of that house was
promised e10, 900 for the use of his name, but
| the money was not paid, and besides the sums
| expended Gen. Schenck was presented with
| 500 shares of the stock at G20 share. Albert
Lewis & Sons of Liverpool were to have recev
ed $4,000, but did not, hut Prof. Silliman re-
ceived $4,000 or $4,000 for making his favora.
BILE report.
Witness further gave his experience with
Stewart who made various excuses for not OBJ
| tanning for him the sum he promised, and the
witness thought that he made proposition to
close the transaction for $250,000 General
Schenck wrote q letter to Park on the LIST o.
December, 1871, saying he was going to resign
the dictatorship, giving as reason that he did
not want to be criticised by his political enc
| mics. Park said he would have better letter
than that, SO when Schenck wrote the letter Of
December, in which he resigned. Park said
| this is better endorsement of the Emma MINE
than Mr.. Schenck's name as director. When
| tie scandal against Schenck first became
known in England, Park said he had fixed the
| thing with the General. He required the Gen
| eral TO give his note for the stock. Schenck
| said that if tie note was not good security be
would mortgage his house in Washington. Ow-
] ing to the famous telegram from Williams,
Silliman and Huzzey of new and very large dis
coveres in the Emma mine, the stock went up
Shareholders thought that our government was
backing the speculation, as Gen. Schenck',
name appeared in the prospectus as minister
from the United States
The testimony will be continued tomorrow