New-York tribune., 1876-02-14
THE EMMA MINE SUITS.
ALBERT GRANTS DESIGNS.

AID THE Exhibition FUND.
IRON The REGULAR CORRESPONDENT OF THE TRIBrsE.l
LONDON, JAM 29.-I do not know that anybody
ever accused Mr.. Albert Grant of modesty, but his
latest performance may surprise even those who
supposed they had already taken his measure. He
has issued circular to the Emma shareholders ask
ing them TO elect him Chairman of the Company.
A few days ago lie WAS offering these same share
holders $50, 900 if they would stop the threatened
proceedings against him. This tempting bait was
rejected, Mr.. Grants proposal finding but seven sup
portcrs at the meeting which gave Mr. MacDougall
power to act. Since then, Mr. Grant has been buy
ing shares and shareholders to the number-lf his
present statement may be trusted-of 15O His loo
independent y shareholders own, he says, O,OOO
shares, and have signed a requistion for another
meeting. But it takes 10000 shares to make the
requisition legal and for the odd 1000 this appeal
is made 1t is dated on the very day on which
writ was served on Mr. Grant at the suit OF the
Emma Silver Mining Company 0Lmitcdl, command
ing him To enter an appearance within eight days III
the Queens Bench Division of the High Court OF
Justice to answer the plaintiffs claim. That claim
il like the one against Schcnck "fcr damages Tor
fraudulent Misrepresentation and concealments'
and conspiracy to dcfraud the plaintIif company III
respect of sale Of the Emma Mine; also to recover
moneys alleged to be had and received by tic de-
fendant a. and for purchase and promotion moneys
thcrcup0n."
The rcs0lu ton passed at the meeting last week. IN
pursuance of which this writ has been served on Mr.
Albert Grant is. says Mr.. Grants circular, lud-
crous in ts character.' Possibly it seems TO him
less ludicrous now. But be fuds some comfort IN
the opinion of a lawyer whom he has paid to advise
him that il is illegal The multiplicity Of lis en-
gagcments, Mr. Grant tells III, las hitherto pre-
cludrd his intcrferng-the word il his own-in the
mon
has diifted into the hands of person whom he con-
sidcrs totally unqualified for the post, he deems 1t
his duty to give his time and attention
10 the future of the company. This Il
tonching Tie company WAS brought ont IN
November 1871, and stopped paying dlV-
d,.nds about a wear after II has taken three years
70 develop the tender s0citude now suddenly shown
for the shareholders who throw away thef
money on TIE faith OF Mr. Grants prospectus. Inc
"ludicruus' and illegal" resolution they adopted
the other day 10 sue Mr. Grant has, OF course,
nothing whatever TO do with his present proposal.
II no one cl,cn says Mr. Grant, "be iouad willing
TO assume the responsibility OF taking the chairman
ship will myself take that post, II 1t be the WISH
of the holder. and have purchased ana hah
transferred into ny name shares for this purpose"
All oDcn YOU See aud aboye-boarl And how guile
less. What shareholder could refuse to trust his
Il
il plenty of abuse Of Mr.. MacDouga in the circular
but it ,o.- not seem to affect him much rs it was
meant to. lie reprints the circular IN Tie hoW
without a word If comment.
4, il not odd that Mr.. Schenrh's organ which has
had several articles "A week on the Emma for some
months past. should not have found out anything
about the new turn of aiilrsi lon may read II from
end to end thi- week without discovering that any
body has been sued. Nor have observed ia It's nu-
mcrous columns any account of the legal proceedings
against another protegS, Nh Richard Banner OAK
lev who lalgIi~hcs in jail on criminal charge
in conncc ion with The Cooperative Credit Bank, of
which we have heard good deal. Oakley I" he
.urr il lows sort of swIndler who not to have
been able to g,t more than S2oJ,O0o out OF the
British public. This shows very inferior talont.
Mr. Schenck. however, ~ not thrown over. IA Mr.
Richard Banner Oakley appears to be. Ills cause Is
still pleaded with tcrvnr
In the sane paper | find an interesting item re-
spccting a third Of H. fIyoritc>, Col. forney. About
tni. gentleman the organ has controversy. rs has
about Mr. Srhcnck, with The Nation, which The Va
Goa will notice or not, Il, II chooses. i'ui think we
are entitled tu tie benefit Of the rcna-kahi" state
ucut winch comes out respecting Col. torn'ys
Centennial Commission ouorshlp. Inc organ ~
astoui,hcd 10 hear II sani that COL f"rney
i. not duly accredited Commissioner, ana Gays
- writer hliuSci ufLNtI'u INC appointment
to MIR Forncy M a table in tAe dining room OF the
House Of ConmOns, where he WAS invited to meet
the Philadcphiml by a leading w. T.. whose name
viii set boonIoed among the great men of lrcllrd'
ris ~ 60 nforing a. far as it goes hut il lacks pre-
,i,ion and suggests snudry questions which leave
ILf Nation 10 put. But there is more than this.
There ls II ST. r. terence {" the too famous 1000
wnicn IL said 10 nave lound It's way into Col. For
news pocket As 10 this the organ says it ought Lot
to be m,.o a charge a,ainst the Commission because
this j., serious aId Jokc-lt had not been
found out TIL Col. F0rncy had been months
in Europe. "ll his absence says III"
organ "so.uc feeling of anmosily lei his employe
into maAinl the statement" AMI COL forney was
too bu.y aIoat the Centennial 10 notice such ile'
All the time Col. Forney was overwhelmed with
the work imposed upon him b. the Centennial Board.
. . Now that the task has been completed, somewhat
shattered in health FOricy returns IL m'et the ale
cation: and after greeting his family, he Will pro
cerd to Washington to answer the charge where IL
wls madc-beforo the Committee Oh Ways and
Means 1t he supposed the organ Is III posses
sion Of the facts, aud it is really tantalizug to he
put of without that explanation which the ways
aud Means Committee are promised by -and-by. Ills
i, not a iudicious way of defending friend. Formy
mar; can only hope that the defense when 1t comes
will prove satisfactory and that, as Col forney now
recognizes the propriey of making one, II VIII not
be much longer delayed. A To his credentials from
the CommissIon know nothing about them, nor on
what authority his right to represent the Commission
is denied. Bat do think that If Fornoy were TO Dc
repudiaed he ougIt to have been repudlatcd long
ago. There can be no question that he has done Il
great deal of hard work for the Centennial and II ~
not easy to how the Commission can tahe the
bcuent OF all that, and disown the man VINO mas