New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-03-20
stood even by those who may consider tho.elves well

stood even by those who may consider themselves well
up in the Emma Mine scandal II runs as follows
schenck $500 for services rendered in land grant
Now the history OF this "land grant is which Is
TO write IT, In the meanwhile BY way Of explaining
the passage in Mr. Lyons evidence we may say that thus
states states Freehold Land and Emigration COMPANY ny
estate described 100000 " extont onc-alf
The area Of which was CONFESSED OF 1rabe lands and me
in minerals, as to which the pros ccus added, there
several gold mines the estate which have been
was described as the coming III Dorado OF the World.
Now this land grant, consisted Of what is known as an
a Of rowing right in the posscssor to locate HE
land grant wherever he tnd land not previously
can old Mexican land grant" and title from the United
States Government for which the purchaser mas to pay,
6nanciers in the city Of London, having become pos
sessed Of this old Mexican land grant set to work to
accordingly went 40 far as 10 have few proofs printed
OF very elaborate prospectus OF the "CocraIo free
capital Of 100000. Tho prospectus was, however,
never issued. because IL was felt that the company
changed the Venue ana proceeded to establish the
pany in tie United states which would enable them to
these nnanciers applied TO Congress for bill to in
corporate 'Thc United States Freehold Land and
ation in Colorado Territory, and this bin passed
the sh Of March 1870 and tns company became moor
Burnside, ;. L. NJ. Barlow, Charles A. LanDar, William
III. Reynolds Hiram Hitchcock Henry W. Gray, ana
Morton C. Fisher The first difficulty the happy posses
of tns land grant had To encOun or was 10 gct
this bill ncornorating the company va ssed and In this
extremity they sought ami obtained the assistance o.
Gen. Schenck. whO being at that time Chairman of the
Committee Of Ways aud Means was possessed oi SUN
cieut public influence Gen SChenck was 10 act Dfst
of all as trustee and then ~ director, but IT was not
found convenient 10 define 81 that stage what ms IN
10 be-" and upon the subject of what MS lu-
TO be-, somew nat Instructive correspondence
took place. part OF which consists OF letter from zen
Schemes, which lie seeks To have definite ar
raugement settled lie puts it, I" the desrbhlty OF
knowing lust what interest il TO be- Aud accord
ngly after difficulty Mr.. Fisher OF Vermont, wrote
10 Gen. scbcnck the sin of December, 1874 saying
that the best arrangement he could a present make was
that $40
Ter no circumstances shall your share be less than sO
gold $40 % IT ring In cash. ana AT eat s21ooO shy
500 ~ sterling Of stock -,
Iut tiis arrangement does not appear 10 have been
carried out, for lin Mr. W. II. Reynolds writing to
Mr. Fisher Vermont the 0h OF May 1876 In which
You know very that Of the estate agreed
with follows: They the oWncr- "a cphii buo
shoui b able get Bacon dEscnry which was 10 DE
ether 600 $500 the who'll 30 De put into pool al
agreement before lett England you Lad received IRON baron
d'EsCury t2Ou paid ten sCichCk on my arrival mere
s5 YOU the balance OF money and stock When te
balance Of the bonds were sold This IL the arrangement ~
We made N. =. -
evld refers when h" says:
PARK told The witness, that Mr Fisher oi Vermont owed
Schcnck 81 900 Tor service, rendered IN land grant
Tue eli ct of the rendered by cen -cGenck'
wien acting Chairman OF ways ana Means, 10 Ict u
bll passed through Congress 10 lncot porhts company
in the United states, was 10 enable the promoters 10 on
OF 50 100000 on the Land Grant bonds, winch bonds
possess little or no value.