The weekly Elko independent. [volume] (Elko, Nev.) 1872-1887, 1876-03-11


Salt Lake to push his case IFS Legal ad-
visor. He thought at the time 5udyo
Mexican was prejudiccd against Lyon,
and endeavorcd to procure his removal.
Afterward ho became convinced TINT
AIciean acted fairly and impaftially.
lie found, OH examination Of LYONS
claim, that it was not rs good rs at first
appeared, aid advised u compromise with
the Emma Company. In this connec-
tion lie wrote letter to Lyon, in which
this expression occurred: "Better have
n compromise than worked-out mine"
meaning that to enforce Lyons claim
would require Legislation of yenrs, and,
Ill the meantime, the mine might be
worked out. On the basis Of COM
promise agreed upon, he went to ELL
gland, as agent for Lyon, with Park, rs
agent for the company. They were at
once besicged by parties wishing to
purchase, and received proposition
from Coates and lIunkey, to buy half
interest, for $4,000, ,UOO-thcy to put the
stock on the market. They also &C.,
lected Professor Silliman TO report OH
the mine. Albert Grant then put III IN
appearance, and ut his suggestion, lie
got Schenck to come in
as director, believing at the time
that the mine was valuable
property. When the storm was raised
about Schcnck's being director, lie re-
signed, but held on TO his stock, still
believing it valuable. Neither myself
nor Schenck received any stock as
gift. My own was received for services
to Lyon in professional capacity.
Schencl; bought his and raised the
money TO pay for it. Lyon then want
ell to realize ON his interest and gave
NE bill of sale, and 1 gave n note for
$3.50, 900 to Park, WHO advanced that
amount to Lyon. Lynn then l,ngan to
sell "short," and to circulate stories in
depreciation OF the mine. Tho stock
holders sent committee to examine tho
mine, who reported nil right, and the
stock kept up, and Lyon could not cover
his shorts. lie then threatened to com
mencc suit to recover IN additional
amount for his interest, which was com-
promised by Park's paying him $50, 600
more, which lie lost by selling short.
In tile Summer OF 1879 went to Salt
Lake i'll the interest Of the Emma Com
pany, the mine hnving been jumped by
the Illinois Tunnel Company. The
mine WAS then looking well, but shortly
after, n fault occurred i'll the ledge and
the company ran about sixty feet into
the hnnging wall, and stopped, instead
of going down on the lode. / believe
the lnino is still very valuable, If the
property was worked. Since quitting
operations the Bay City Tunnel Com
pany has run under the old Emma
workings, and is In rich orc OH the Elm
ma ground. Lyon has been making u
living for ycnrs by litigation. His evil
dencc before the House committee is a
tissue of fnlscho0ds.
Stewart did not attempt an cxplann-
tion OF the manner in which Schcnck
raised the money to buy his stock, not
being familiar with the details, but pre-
sumed lie got portion OF il from Park.
WASHINGTON, March Z.
The Times tomorrow, will publish,
on the authority Of men who have been
engaged i'll frontier trading for the past
eighteen years, some very interesting
facts connected with This business.
1t states that Orvillc Grant, brother of
the President, has been Interested with
Bclknap i'll disposing Of tradiug posts
for money. Grant, shortly after the ap-
pointmcnt of BclknNp as Secretary of
War, visited most Of The posts on tho
frontier, and cancelled all the licenses
issued by Secretary Rnwlins. Durfcc
u Peck, extensive Government freight
ers of merchandise OH the frontier.
held the principal sutlcrships at this
Time, md were astonishcd Mt this nncx-
pected change. Mr.. Peck investigated
the matter aud found that Oryiilo Grant
had full authority from the Secretary
OF War 10 dispose Of Ill tho trading
posts as he saw fit. Peck applied to
Grant for authority 10 rciuin certain
posts where his FIRM had invested large
sums OF money in buildings and goods,
nnd lie would ngrcc to IL only OH terms
Of so much cash down, and n certain
share OF the profits, practically tho
same arrangement that existed between
Marsh and Evans 4 Co., ut Fort Sill.
Peek refused TO comply with these
terms, mud others received the appoint.
incnts ut Forts Bnfort md Fort Peck.
~ q. leighton wns appointed RutIrr
upon tho terms proposed by OrviIlc
Grant. The bonus required was SO
largo that ho lost money, and sulbsc.
quCntly offered 10 sell TO Durfcc 4 Peek;
the latter agreed TO buy, hut Leighton
had frat to obtain permission from
Grant; this Grant refused, nnd made
ensier terms with Leighton. Tho Fort
Sully trndcrHhir wns'iakcn from Durfco
n Peek, and given 30 John 7. Atlcy;
Athcy paid all Tho money he had to get
tho post, and wa obliged to make
terms with Durfco & Peck 10 run II;
tho latter iiriu leased from him and car.
ried on tho business for year. when