, 1876-02-20


It is nov quite authoritatively settled that
the resignation Of Gen. SCIENCE as Minis
ter to the English Court has been rendered
and will be accepted, much to the gratifca-
ton of the American people. As TINT resig-
milton has been mainly caused by the scam
dGl of his connection with the Emma Mine
swindle, a resume Of this famous speculation
will be of interest.
Four years ago number Of con6ding En-
g1lshmen put So; 600, 900 cash into shares of
the company which owned the mine The
Board OF Directors consisted OF two hawks
IN American and an Englishman, TRESos ".
PARK and ALBERT GnAST,-and several STOOL
pigeons, among them the Minister Of the
United States to the Court Of St. James,
who sold lis name for bait in con-
sideration Of bribe Of $4,000 Us per cent
On $50, ,0o0) per year. One or two dividends
were paid out Of the capital, and then came
the collapse Of the glttering bubble. ScHEscK
crcwled ont, and tried to excite sympathy by
saying that he had lost everything. PAnK,
GRANT, ct a., were put out. A new set of
Directors, known as the GARDINER Board,
from the name Of the Chairman, was chosen.
Then came some curious maneuv1es. The
GARDINER Board coquetted with its prede-
cessnrs, fniled to prosecute them, refused to
let shareholders examine the books, and did
only one thing energetically. Tint was to
spend money It found ElG, 900 in the Treas
ury, and had got rid OF most of it when the
third and present Board was elected Then
the GARDINER gang refused to 60 out, and
spent the rest of the E1C, 900 in paying law
yc.s to resist the Board chosen by the share
holders When they lost their suit they hid
the books and papers. These, however,
have since been produced under stress of an
order of the Vice Chancellor. The accounts
fail to make any satisfactory showing for the
squan1ered :s1G,0C0, but one of the items is
Go5 foz suit Of clothes for A1r. GARDINER.
The new Bonrd has for its Chairman Mr.. 4.
". 3hcDoUGA1L, q wealthy Sootchman, who
is furious at having been tricked, and pro-
poses to make somebody smart for it. He
has offered to conduct the necessary suits at
his own expense, and the shareholders voted,
On the olst ult., to accept the offer.
Meanwhile, the Company is in a very bed
way. The GAnD1SEE Board stopped working
the mine in December, 1874. PAnK has since
trumped up some sort Of claim against it; got
Judgment; attached mine, tools, and ore !;
put Deputy Marshal in charge and now has
the right to sell out the whole thing within
twenty-one days OF the time lie chooses to
give notice. The Englishmen, who, trusting
to PARK, SCIENCE, GRANT, and others, put
$1,000, COO into the scheme, now have neither
money nor mine.
The suits brought by Mr. MAcDouoA1L are
against the ex-Directors, whom the Courts
| are asked to hold responsible for the false
| statements in the prospectus, and summons
| has been served on Gen ScHEScE. It will
| be much better for him, and certainly less
| mortifying to the people Of this country,
| whom lie has been misrepresenting, to de-
fend himself as private individual rather
than es United States Minister. The most
grateful thing he can do will be to tako his
work on dr2w-p -proker and such fragments of
reputation as he has left, and come home
with them and stay at home.