The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-01-15

taken by the English stockholders to pre-
vent this violation of the charter Mr..
BRYDoEs WILLIAMS, NJ r., was on his way
IN u palace eur to salt Lake City to inspect
the mine i'm behalf OF the English share
holders. Tho air was fun OF prcinouitons
OF disaster. Tho poker congress, while 1t
ostensiby made every effort to keep up
confidence, privately voted that Emma
was good stock TO he short on"
Whatever the fortune of the poor fools
who had bought emma shares on tho
strength of Gen. scHrNcKs endorse
mcnt ANA official position, his poker
table friends all Of whom had in
side sources OF information, managed
to proht largely during the dy-
ins days of the swindle. The pool was
successful, and the eminent pokerist him
self received not lest than $4,000 rs his
share Of the profits This sum ut least, to-
gethcr with the accumulation OF mo nthly
dividends on the i've hundred shares he
held, must be deducted from SCHENcR 3
assertions that he never made n cent on
Emma.
About this time PARK and his agent,
learned that the niue had "pegged
out" Knowing that this announcement
would naturally dcprccintc the stock
as well as diminish the faith OF the
English victims, GAGER tolcgfaphcd ON
the 10th of january 10 iow friends
in London, advising them that the
February dividend certainly, and proba-
bly, the March and April dividends rs wei,
would be passed. Shares had already gone
down to Il aud Il. The poker congress
therefore scrambled out of Emma as
speedily aud rs adVautageously as il could.
We are only concerned, however with the
acts of Minister SCuENcK.
That diplomatist was in parsat the time.
PARK tclcr1aphod 10 him at London 10
sell out at once. The de.patch fell into
the hands OF Nr. M0RA@, then Secretary OF
Legation at London, now Minister TO por-
tueal. MORAN uuwituunly caused delay
il. his chiefs retreat. lie knew nothing OF
! the inside OF the transao tIOn, and had
often advised ScHENCK to keep clear Of
| Emma, and have nothing 20 do with these
people MOR,S therefore forwarded the
despatch to Paris. SOnEN, *, rcca.yi:- IT,
misunderstood its nature. and thinking the
cinhai basement n temporary one, toe
| graph'd to the company Ia London that
they could have M. ave hundred shares TO
| hyiothgcltc III order to enable them to
inco, The dividend and Keep the thing NJ.
Bat ths was not what WA, " untod.
/ TOukE. the secretary OF tho company
made haste TO let ScuLs,a know that las
| stock would b1 OF no avail iu ,hc present
emergency. The comptuy cYHd not lay
! its dividend. This fac, was conveyed 50
cinphaticlly that S,ur,,N tlrI1y took
| the hint is PARK had intended it lor him.
| The hint may be opposed to have borne
| its frute. A. soon A. word could be got 10
London Col. CuEtsCboHorGM SCucHcK's
! private secretary. appeared on the stock
! Exchange and ho-an selling Emma.
Whether these sales covered thv shares
which sonESCK lad held, ScuENCK ana
| CnErsEBoRoUGH know.
These facts do not cohcro with RrvERDy
JonssoN' 5 theory, that sctEScK was more
sWindicd than swiullng. Tley show the
close connection Of the American Minister
with the inside party, as W, Il q his means
OF early aad trustworthy Information from
| headquarters. That he offered to lena his
stock, in ordcr to raise money 10 keep M
appearances By ILLEGALLY paying II dividend,
shows 70 what extent lie was swinGiod,
Tho same result may be reached 10y con-
sidorng That lac was ono Of the few who
| had timely infima;ion OF the break up, and
Il chance to get out within whole skin At ia,
cXpvuse of those bloatod Brtons who
throns the London stock Exchange.
Ii Con. ScHEN, X docs not like these in
ferono1s from las acts, now is his oppor-
tunity to "ehip in" if We may be allowed
70 use a professional teciiiicllity OF hi-
own. let him "chip in" az th.s stag OK
the iino with an order on President OR-
ToS, authorizing the Western 1 MON Com
pany to put into the hauds of some disin'
torcsird person copics OF uU the dosputche'
that passed betwy n PARK, OF GAGEn. anu
himself, IN, the months Of December, 1877
and Juluary, l,'3
These dispatches, if SCHENcK dare pro-
dueo them, would show very clearly
whether ne was betrayed or a beirayer al
the time OF the collapse of Emma.