The New York herald., 1876-12-15

solicitors prepared the prospectus without its being
FIRST time in print This statement, counsel said hs
would prove 10 be false The prohs the mine up 10
December, 1874 were flss 600 paid IN aooa. h.ssn
was OF great value. and the report OF Pro-
lessor Silliman confirmed this; but It proved 10
vember ., ls71 and the large dividend was promised
February on each share Of f5 900. The books were
fore January. and Mr.. Lyon, OF the owners for
whom Mr.. Stewart had been acting. was told OF The
immense sums paid out The list enumer.tes Louis
a. Son, IS. 900; joy Cooke. McCuocb Co. f25, 600;
Minister Schonck, 800 shares; Mr. siiman, fl200o
Mr. Lent, fla,ooo Now, Mr. Park swears
that he had nothing 70 do with the settlement,
but this would bo conlradicted. Lyons was
gwen fl50.0O0 Al nrst and aterward f500oD;
fell ana IL became necessary get director unac-
quantcd with mining TO so 10 the mine. Stewart and
slIliman 70 go with him. K. Bridges williams was tho
but Mr. Park offered 10 give him S25, 900 to act his
behalf In February they went to the NINE; the
stewart, Williams and Sman signed report
as TO the condition OF the mine, which
taions. II then necessary that certain
amount Of stock should be divided among the share
holders IN order to put them IN position 10 launch
the stock on the Exchange Eighty i've shares were
10 be thus issued about the time The report was cx-
pccted The report received and Immediately
thereon the stock up TO f2l premium and there
steady increase to May IL, when Park departed
with only twenty-five shares IN his hands. and Mr..
PARK IRON that time n.ver set foot on that shorc
tMr Park, at tho top OF his voice-I have, several
times taughier.l Counsel, concluding, said-Ihcse
material facts VIII be proved, and II will he shown hat
the mine substantially exhausted nj tho time OF the
sale OF the stock. II was pocket" nine This SUIT
is brought in the name Of the company ani Tor tho
benefit oil the shareholdersa changing body, true
but II necessary bring IL IN that In the fall
OF 1872 Mr. Anderson, chairman OF the company came
to this country 10 defend the suit in regard 10 tho
pany. which, however. was compromised by the pay
mont Of 500 000 The notes tor the payment OF this
money came into the hands OF Mr. Park aud the mne
has been sold under attachment taken out bv him
soli-probabiy sold in his interest. All the company
got eleven or twelve dividends and Is Is Tor you
10 sec justice done in this matter,
Baron Albert Grants testimony, taken In London.
read. Mr.. Grant testified that in the year
1871, short time previous to the organization Of the
company, he met Trcnor W. Park, who to pay tho
there was written and supplementary contract; he
should say that he made much less from tho ransac
ton than he expected Colonel Stewart paid 10 pro-
cure directors; among the payments werc some TO
Colonel Stewart ana 10 pnrk 900 shares were bought
IN and taken by Park the outlines oil the FIRST prospcc-
tus were given by Mr. Coates but he did not know
who prepared them II afterward discussed by
tho witness, Park and stewart, and alterations
madc by Mr.. Park; Mr.. Stewart was always pres
at any interviews before ho returned 10 the United
Saes Professor Bakcs report was not sent out with
the prospectus, but mat o Professor Silliman was;
witness did not know how much was paid Professor
Sillman; wiincss profits under the second contract
were between ESQ., 900 and 100000 Objected TO and
than saO0 ono by Park different times; hc paid
Coates fl0,000; Jay Cooke Co. received sum OF
money, bong represented to Mr.. Park that they had
prior right TO negotiate the salo Of the mnc
On Ar. Grants cross-exaTnination he testified thnt
he believed the prospectus Issued, and that tho mine
worth three times he amount stated.
This closed the proceedings OF the session and the
Court adjourned.