Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1876-03-02
EMMA SCHENCK.
The Latest Of the Radical SWimdIing
SensatiOns-Khat Stewart, Of Ne
Tads, Knows About II.
Sehenek's DenuneiatlOn OF LyOn-"0ur
Minister to the Court OF st. james"
Coming Home for an In
VestigatiOn,

| ISFeign HEalrS To-Day Al q eAuADltSu cup
4 les Of Senator Stewards letteIs TO which
AilusiOn WAS previously made. The wit
ness reiterated the testimony Of yester-
day, to the effect that Senator Morton
did cot recsive RDy money, DCr had he
| anything Whatever 10 do with him and
! SenstJ r B.eWalt ia connection with the
| suit OF the witness in the Utah court.
Senator Stewart .elegraphs from San
| Francisco that he desie3 TO testify be-
! fore the house committee on foreign re-
| lSiions in the Emma mine investigR'
/ ton. II Is understood that Minister
| Schenck will sail for America next Sat
/ uldsy, and appear before the committee
| ia person. Friends of General SchencB,
| now in this city, say they are in possess
| sion OF a letter, written toy Lyon, MAX
| lag an offer 10 EX-S .uatOI Stewart for
! f1rty thousand dollars, under Threat of
| puOlishiUg his story. They also cay that
| b story Is impeached ia every mate
nsl assertion by every witness and doc
| umenI ia litigation now pending in
ENGLAND.
The committee authorized Colonel
| Garham to inform Senator Stewart that
| they would hear him whenever he
| should present himself, about two weeks
| hence; ana the committee further said
that Lyon would bs recalled at that
| time so that Stewart could iuterrogate
him. Lyon said that this would be very
| agreeable to him, aud thea resumed his
| testimony, repeating that Park bad
| often told him that General ScheDck's
name had sold the Emma mine, and
! This the witness believed from coLcuT-
rent circumstances. Ii appeared from
T, plies to the questioning o. witnesses
-. l,0e of ars.af .
| compromised his interest in toe mine
for one hundred and fifty thousand do
| Lars, the original S ipulaIed sum be-
lug fiSe bundled Thousand dollars,
| There was great. inducement offered
| to withhold fcom the public, Tor about
month, Scbenck's resignation as dir c.
4 t'r o: the Emma mine. Parke very
much regretted the resignation, because
shares fell as low as sixteen p luHds Ster-
| ling. Owing tO.the Emma mining trans
| action, American securities generally
were much depressed. J. II. Paleston,
OF the banking hOdse Ct Jay Cooke,
M'Culioch & Co., bitterly complained
! that their firm had been bSdly treated,
! having only received twenty-five thou
sand POUNDS sterling for the uss Of their
name in putting the Emma mine stock
| on thu market.
The chairman laid before the commit
| tee the following telegram, dated Lon
don, to. dsy, and addressed TO himself:
The report of the proceedings as to
| General Schenck's connection with the
| Emma mine, published in to-day's Lon
don Times, states that James b. Lyon
testified, L told him 1 gave Senator
Stewart two thousand shares to become
q director, and assist in getting 5oheDck's
| name on board Tnis statement is ab-
s0lutely untrue. / have never seen
Lyon nor had any communication with
him in my life. / never gave Stewart
any shares, either TO become 8 director
himself or get Sc.enck to be director;
and give Lyons testimony the most I'M
qualified contradiction.
"ALBERT GRANT"
The above telegram having been
shown Igor, he denied ever having
made such statement.
H. A. Johnson, of New York, who
acted for Lyon, gave detailed account
Of the manner in which the scheme OF
the Emma mining company was placed
on the London market by Albert Gran,
though Grants name did not appeac
in the prospectus; the latter was so DIS
reputable In financial oircies that, If it
had been known that Grant Was
the protector and promoter of the
scheme, subscriptions would not have
been secured, even with General
Schenck's mama to the prospectu'. Fifty
Thousand circulars were sent cut il a
day by Albert Grant TO as many per-
soils living in different parts of England.
The newspapers of London, Edinburgh,
Glasgow, Liverpool, and other cities, con-
tanned on the same day similar names to
those in the circular. Il was published
In the London Times as the result Of the
intimate relations between Sampson,
the financial editor, aud Grant, which
sub -equenily resulted in SIMPSONS dis
misssi. With the eXcs ptiOn Of one or
two papers the criticism OF the press was
favorable. Stewart at one time said he
should be slow to connect himself with
any miCe, much lees the Emma miEe.
The residents in London were not only
surprised that Schenck was associated
in the scheme with Stewart, PacB, BsX-
ter and numerous English gentlemen but
they were more ast0nished that he Was
united with scbeme at the bottom Ct
which was Grant, whose dealings were
so bad as 90 lead him TO change his name
and force his retirement to the continent.
Witness awaited himself Of earliest OPP
portuuity to disabuse the public mind
as to the scandaious character Of the
mining scheme. be sent out circulars
to counterfeit the prospectus Of the COM
pany, In which he told all he then knew
about the property. The witness related
S conversation with solicitor OF Lon
don, and with Anderson and z. inter-
tor, members of parliament, who had ts-
ken shares. He told them, among other
things, that Albert Grant bad received
a very large sam TO float the scheme
and tdAt Prof. SillimSn received i've
thousand dollars TO go out and examine
and report on the mine. The original
contract with Silljmsn was thst If the
mine should be scii he was to have Q
further compensation Of forty thousand
dollars. There was also TUmor that
General Scheuck received five thou.
sand sbsres for coTssniing to serve
as a director. The witness said
to Pembsrtou: "You arc bsFrister, and
l sm lot acquainted with your laWsi but
III YVES a solicitor l would put the sIroI &
arm Of the Jaw on Park and held it there
until be gave Up the money Of which he
rad robbed you and your associate share
holders" Witness s!so warned him
that II they wished borrower any of the
money they must prevent the further
c1lfiIE OF transfers 10 noH 1SEA' WIZ
ness never had conversation with Cen
sral Schenck on the subject. In conclu-
SION, gOhBs.n stated in MS circular that
tbera vGs one man in the world who
could hsve st..,a So iso!ty to ask Scherck
to serve SIS a director o. the company,
aad that man was VIM. n. Stewart.
The committee adj burned till toner
row, but il is not proOatly that any wit
nesses will then be examined.
sCHENCR IN ARMS AND EAGER FOR
THE FRAY.
The New York Telegram has the follow
! lowing special: The London Times tbs
morning has dispatch rom Washing
ton giving the gist Of Lyons testimony
yesterday before the COMMITTEES Rp-
| pointed to iDguiTe into the Emma mine
scandal. We have authority for stating
( that Mr.. Schenck will tomorrow pub
lish letters denoUncing Lyons evidence
as false, and announcing his intention
/ 10 sail for New York on the Atyssinia
/ on Saturday Dext. 1t il alec understood
l that Minister ScheDck has obtained
I lssve OF absence for the especial purpose
/ Ct vindicatipg himself before the COM
mittee ard the world. Minister Schenck