The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-01-20
rHE EnM4 MTvEsWINDLE.
How the Innoccnt ~ehcnck Did tho ENGLISH
mcn aud Injured our Credit.

mcn aud Injured our Credit.
To rnE EDITOR OF TIE SCN-Sir: Your
flank attack on Gen Schcncks citadel with Em-
ma guns a. well AS our own and wiard's guns,
interests and amusss me. The correspondence
given snow the calibre OF Scnenck, II not OF his
guns. The guns may not stand many charges,
nor even snoot at all: but " YOU Are sehonck Oh
once or twice more lie Will cer,sinly burst!
Albert Grant. Iiaron, Is person whose record Il
Dad but he was just the night man however, To
engineer the Emma. TO float a swindle, you re-
qu.re -l,ies devoid OF conscience, having 4 GER
tain sort OF Intelligence. aud plenty OF impu-
dencc "raudace, rauiace. toujours" go and
then you want ~ lcnst one tolcraflv honest fo"l.
II may bc cast up on ;he strand nv Ctvil wiz.
or Gene GOWN ~ frogs sometimes do from the
clouds. ANY wav, YOU must have him. lie
should have some seeming importance. too.
Oar ~ odel President give. TITS to scherck by
sending him 70 the Court of ST. James,. Now
YOU have Grant Albert. l mean Tenor W.
PIX, aud SchcncS-a lovely trio and others as
whipper--in, solicitors, auditors, Sc. and YOU
arc ldy for busircss. You must not be too
hard on our poor Miaister-if he be n fool, lie
NC rs no harm bv II nor too hard on Albert
htnnt, Tor he Wasiooru as he is-iJ the by his or
isina name was not Grant.
The Emma mine : about the greatest
swindie ever perpctrated on an unsuspecting
puthc-unsuspecuug, hecouse the American
riini-icr was ITS godfather. The evil done by
S'hcnckl ! think him IAN Innocent the
current report IN tdpel court being that
lie lost more ny the fall 10 zero tnan he
had ever made IN the thing. You must
not suppose. either, that ~ were Yankees who
conceived or at least clrrled out the fraud.
They had Enclishmen aud Others in their pay.
Most ~ the financial weekly and daily Journals,
| too, Of London We're at least suhservient If not
actiye-thc Economist and StInd,iri. ! think.
were exceptions | do not mean that all of the
papers were purchased, though some uudoubt-
cdlv were. Nothing, indeed. could tie more ma
| tnral than the idea that, with the American Min
lister a. director n should he genuine iupsun,
who has since been dismissed from the Times for
Venrllty, after \ long service At t3.WD salary
would not uoint ont the frauds. nor allow them
| to 10 printed in his money column.
Nou see ElOn,WD wg~ paid for the mine. II
at one time re resented over three millions on
the market; this would leave lJrre margin
to make the worse appear the hetter cause.
Apart from the grand pruoiple OF age
| uuod agis." this country cannot afford TO lose
| reputation In the great financial centre Of the
world by sending such men a. Shenck or Stcklcs
| abroad. The eyes ~ a few wicked may stand
| OUT with illness, hut great nation like this
| should select their Ministers from such rs be-
| lieve honesty the lest policy. lmasinc the
earlier representatives OF the Government at
! London, even to the time OF Mr.. Adams. dab
| Thing in Emma" Every man who loves or
wishes to love his country Is ashamed Of the
contrast.
TINS and like frauds have done much To- i'm
pair American credit abroad II has douhtl' -
hindcrcd investment IN our securities, ~ well
as caused mani to sell those they have aud with
draw their cafitsl. W.
LONDON, Jan. b.