The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-04-01
SCIIENCK CONSTRAINED.
MIXING HIW SWEAR TO THE TRUTH
or ms STATEMENT.

DodsilR the Declaration that the sale Of the
Lrimn Mine was Fair Rnd Honest Offering
20 Prove that Lyon md Johnson Lied.
WAsuINGroN, Mnr,h Gl.-Ex-Siuistcr
ech,nck was again before the Committee ON
FOrel-n Affairs to-day.
ht Faulkner, on the part Of the committee,
crosse F. mt cd Mr.. Schenck. He asked wheth
er the statement laid before the committee on
thu 2sth instant by Mr.. Sohenck contained ale
cations Of facts within his own personal knowl-
edae. afr. schonck replied that the draft Of the
statcmeu, was submitted to aim by his counsel
and aftor several changes made In 1t. he adopted
1t.
Mr. Faulkner--fs 1t true, "a contained In your
statement that the sale Of the Emma niins was
fair, honest. aud aishtfcrwarJ, without false
hood and frsud2
Gen. schenck 1 believe It. but know nothing
but what have disclosed of my own per sonal
knowledge.
In answer to tie question. " Il II true Of your
own knowledge that James +. LYON and II. A.
johnson are Infamous pnd unworthy Of bclief2"
Gen. Sch mex said that ho proposed to produce
nuauswerable proofs " what he hal stated. he
beinE sal ned he could 10 ON the representa-.
tons which had been made him.
Mir. Faulkner asked Gcn. ScheucN whether he
had hc I'd any of the original stockholders
charge fraud In the sale Of the stock; Gen.
received numerous letters. the critters asking
him what they snou,d do. lie never advised
them to hold on to the stock, but said thoy
must act for themselves. THIS was after he
ceased TO be a manager or direct or In the COM
p.ny. Tue dithculty did not spring out Of want
OF confidence on the part I those who originally
purchased stock md became directors sc.
They were well satisfied vita the report Of the
Encl.an directors. but the difficulty origin t:Cd
"a tie acts Il those who subsequently obtained
u % 10 naeCment Of the companN. Including Nc
BOt = II, who had no interest IN the company ut
its ttrpatiun, hut aft tward bought stock at
very low price, or dcp,ccl tod price.
Tao question WIS asked whether Park, In max
the name OF the Amcri an minister to England
among tie list OF directors. Mr. Schenck re-
PARKS minds but what Park may have desired
had nothing u do VITA his reasons for entering
was niaki.c . ryan iof Himself lie iet con-
1den'e IN tue property all the time, and invested
hi. money ~ "A permanent Investment. lie con-
siieiel ino subscription to tug stock a. bona
nanic to he used ~ a director, but when he be-
came sitsneG II was improper he resigned
Ia ~, ~ To the question whether the Board OF
Direct us would have treated ann ~ they dill IN
the i, tmcnt OF t.r'e HAndred sh r II they
had l.toNu that ne haG made 3. private Arransc-
mont vim = rk for i've nunured. MIR. S'hencA
the director. Park wasted to do liberal ;hing
for nini, sal lie .o-hcho") wanted 70 secure
SIR Ftu'Sler asked whether good faith old
no. require tnai every one con ins i.tD tue com
uauv ~lNal. ldnu o. na Cl l.lit.. 1r. ScAeaCk
answered ~ tie fii nai'N-' 'lit so fsr as ParN
ana uimt II were coi.c.tt, 3D.. rarn guaranteed "a
di'id. lit q iNo per cou, tIthtN a. al iuduce-
ui.i' iiM - take tic Nv huhdrci sh ies Of
gtngL.
In fcay TO the qucs ton whether his resigna-
ton ~ director did not cause the fail In stock.
Mr.. ScEcuti. said X va, his serious belief that
thO-c vino inv 'sttd Ia the stock placed less re-
lance Oh the fact IN. I he WIS direct IN II on
the communications OF Ehglisumen and Others
from salt Lake, r'pie'cntiug the richness Of the
mine. shares coniiiuci to nc holght and sold
after his previous COLayc Ion with tac company
bad bosn pretty much forgotten. lie was a
director only lour weeks. II the stock fell on
II a al d q n
director, IL was because those he airing down the
stock made felse represent tiOns that the Emma
mine stock Was worth nothing, as schcnck had
abandoned IL.
Mr.. Scherck was asked wheth'r he knew OF
bis own personal knowledge that the character
Of III. A johnson was 80 Infamous that he was
not worthy OF ueiief ~ he had asserted before.
Mr. schcnOk said proofs would be furnished TO
Ihs efeo;
TIE questions asked by Mr Faulkner were
furnished 10y II. A. Johnson. Lspu's COUNSEL,
The commit tee adj Durned TIL Tomorrow.