The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-03-02

tors and reports from the United States that In
duced him to believe that the mine wa, not
valuable one. This Interview was In tho last
days OF August, 1871. possibly ga late as septem.
ner, only day or two succeeding the arrival OF
mine was not IA rich as anticipated and asked
johnson whether the reports to which
he hs alluded & were known In London. John
published 10 Colorado, which contained q letter
from Prof. Raymond. which spoke OF the mine
Of success In selling tho mine unless Stewart
and Park should couple themselves as venders,
or unless Stewart should become a director In
the arrangement Of the property. Stewart re-
piled that he would be slow 10 do so In connec-
Emma The %psoSaby "s of ss1S oh the lS's mime inc
was the subject of all their interviews.
THE ORGANIZATION OF THE COMPANY.
About the time Of last interview witness re-
ceived a letter from his client (Lyon) to observe
what transpircd In London In relation to the
proposed sale Of the property. The witness
ent mood. lie had become noticeabiy reticent.
The witness then wrote to Lyon to come to
London. Three or four weeks after this intlma-
pany was to be organized tor the purchase Of
the property, and 1t was announsed in
shares would be managed by a notori-
Gus resident Of London, now known as
and understood @ tb.t the mine was vas to be sold al
very high price. Following the current rumor
OF company being organized. was another that
Gen. Schenck was to be associated with the
directory. These rumors were circulated week
before II was announced that an organiz,uon
had been effected. when the rumor about
schenck's connection With the company reached
ianeham's Hotel where many Americans SO,
IL as rumor which traduced the American
name. They did not think II possible that Cen
Sehenek SCI could, under any induoemsnt, couple
good or bad Il might be. The excitement had
almost almost saos,ded when u was Officially an;
~ sh. notorious to ' nsnipui.tor hI6er, Inert Grant. @
"A ~ ll..l.
COW. Liverpool, and other cities contsined on
the same day statements similar to those In the
circular. IL was published In the London Times
as a result OF the intimate relations between
sampson, the financial editor, and Albert Grant,
missai. With the exception Of one or two pa
pers, the criticism OF the press was favorable.
THE CHARACTER OF ALBERT GRANT.
The man whom he had heard pronounced the
greatest monarch OF tho age was the man who
managed the whole thing and suggested the
necessity OF Minister Schenck's connection with
the prospectus which gave to the circular II:
the name OF Albert Grant did not appear In any
announcement Of the press TO secure tho capi-
disreputable in financial circles that II II
had been known In England that Grant
| was the protector and promoter Of the scheme,
| the subscriptions would not have been recursd,
even with Gen. Schenck's name to the prospsc-
| tus. Mr.. johnson said be syalled himself Of the
earliest opportunity to disabuee the public mind
as to the scandnious character OF this mining
scheme. He sent out circulars TO counteraot
the prospectus OF the company, In which he mar
rated all he then knew about the property.
THE CONTRACT WITH PROF. sILIIMAN.
He then related a conversation with Solicitor
| of London, and with Anderson and Pemberton,
members OF Parliament, who had taken shares.
lie told them, among other things, that Albert
Grant had received very large sum to float tho
| scheme, and that Prof. Siman received 5000
| to 90 out and examine and report on the mine
that II the milne should be sold, he
was to have further compensation OF E40 900.
oeiysd zoo shares for consenting TO serve ss a
director. This excited much surprise, as such
and immunitIes OF foreign ambassadors. These
| Engshmen said the report OF Prof Silliman
was cablsd to ENGLAND, thus showing ertrAord-
nary haste.
AN IMPORTANT FACT.
| There was ono important fact connected with
| Senator Stewart. At the second interview with
the mine examined by an English engineer. TIE
| witness remarked that the directors would n
sist on the employment OF an Engish , soslnes,;
| this. II they sold the mine, Prof. Siiinan
would make the ehaminatlon. They would
| shall make the examination. Stewart remark cd
he knew silliman, and could trust him: Mr.. John
under his observation. He added that when he
was in London he paid his respects to Gen.
| General about the Emma mine. He anx-
| ious to talk with him ON the subject, but feared
that what he might say would not weigh against
| his associates. He was shocked when IL was an
| nounced that Gen. Schenck had become q direc-
| tor OF the company In conclusion he said that
| he declared IN bis circular that there was only
| one man In the world who could have the au-
| dacity to ask Gen. Schenck to serve as dirro-
| tor Of the COMPANY, ana that man was VIM. NJ.
| Stewart.
The committee adjourned until tomorrow,
| but II is not probable that any witnesses will
| then DC examined.
| MINISTER soHENcK's DENIAL
| LONDON. March l.-Mr. Schenck, the Ameri-
, can Minister, publishes the following card;
LONDON March lin some London papers, thi,
morning. were published telegraphio despstches pur
porting to give q report OF Lyons testimony b.
lore a committee OF Congress- / denounce hil
whole statement cooperating me as tissue Of
infamous falsehoods Having obtained leave OF absenc,
from my Government for the purpose. shall sail th,
next steamer tor tho United StAtos TO confront mi
calumniatou and yindicate my reputaton,