The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-04-14
THE EMMA MINE SWINDLE.
AN IDVERsE REPORT THAT WAS
SUPPRESSED IN LONDON.
Prof Blake's Testimony-Wba was sa ID at n
Dinner Party-Park's tion
WHY Albert Grant sold Parks stock,

Dinner Party-Park's Cross-Examination
WHY Albert Grant sold Parks stock.
WASHINGTON, April 13-Prof. w. P.
Blake, now In charge Of the Mining Department
Of the Centennial Exhibition, testified this IN rn-
ing before the Foreign Affairs Committee that
he made a report TO Mr.. Park before he went to
England TO sell the Emma mine, showing that
the mine was OF no great value. lie was paid
g., 600 by Park for his examination Of the mine.
This adverse report was suppressed in London
by MIR. Park, and he prof. Blake) com municated
that fact to Mr.. Stanley, one Of the directors Of
the Emma mine.
Mr.. Chittenden, Of schenck's counsel. said
that MIR. Stanley has made an sffdavit that he
never heard Of this statement.
Mr. Hewitt-well, II you put me on the stand,
can say that at a dinner party given by Mr..
Cooper heard Mr.. Blake communicate the fact
to Mr.. Stanley.
Prof Blake said that he was very indignant at
the earbed use OF his report in Mr.. Parks pros
rsctus, and complained about It to Mr.. Park.
The cross-examination OF Mr.. Park was then
resumed. Mr.. Hewitt read from the Prospectus
that the annual yield Of the mine was three mil
lions aud half dollars, and asked whether this
was not decoy to the British LuOiic to Induce
them to buy shares. Tho substance Of Parks
answer was that this statement was not meant
TO be understood literally. lie told that to the
cllectofs.
Mr.. Hewttt-Did the public Know II when they
purchased the shares ON the strength Of this
pruspectus2
Mr.. Park-There was no public; I only had to
DO with the Nendees, as represented by the
directors.
MIR. Hewitt asked Mr.. Park to explain tho false
figures OF fabulous quantities. OF ore raised and
To be raised, cont aimed In his London prospec-
tus, and Mr.. Park said these figures were 90
tanned from accountants. One OF the state
ments contained In that pros pectus WINS tn at the
nrnceeds of the mine were IN four months over
E25O.uOO and Dir. Park was asked whether he
could tell now whether that was true or false
and no replied that he could not.
As to his remark at the frat meeting OF share
holders In London that the mine would yield 100
tons Of ore a day, and that he would desire to
have no better guarantee for the length of life
than the time the niue would continue thus to
Yield MIR. Park said he founded this opinion on
from reports Of Prof. Silimau, Williams, and
Anderson.
MIR. Park said he sold out his shares before the
cablegram sent by Mr.. Williams from Salt Lake
vance rapidly, was made public. He admitted,
however. after further crOss-examination, that
Albert Grant took advantage OF that cable gram
To sen out his Park - reserved STOCK, amount
iDR to 1.'2t shares.
Sir. Park adhere to all OF his statements in
the direct examination. and on the point par
ucul.ry pressed 10y Mr. Hewitt as to the cause
OF the deficiency betw the property described
IN the PROSPECTUS and that the company Is said
To have realized. Mr.. PAX replied that he mad
no more Information on that subject than any
member of That committee He had applied to
the company for information. aud had been re
fused. He had offered To work the mine after
the conn any had stopped working II. and they
would not permit II. He had learned that more
tons Of ore had been taken out of the mine than
ever Prof siliman had reported In II. The ore
that nrst extracted that might account In part
for the supposed deficiency.