The New York herald., 1876-03-02


three four weeks after this intimatons appeared Ia
the public prints that a company was be organized
Tor the purchase OF the property and II announced
In stock dealing circles that the selling OF shares would
he managed oy notorious resident OF London, now
known Albert Grant
The witness having been asked what he meant by
saying now known, replied that the original
name OF this man was Gotthemer. II also lnti-
mated ana understood that the mine be sold at
a very large price. Following the curren: rumor
OF company being organized was another that
General Schenck MAS to be associated
with the directory. These cir
cnlated week before IL announced that's
an organization had been effected. when the rumor
about Schencks connection win the company reached
langham's Hotel where many Americans soiourned,
tney fatty contradctcd it, They regarded II as rumor
which traduced the American name. They did not
think II possible that General schcnek could, under
any inducement couple his name with the sale OF the
mine, however good or bad u might be. Inc excite
mcnt had almost subsdsd when 1t officially
nuunced that so 600 circulars hal been sent out IA sn
gle day by the notorious manipulaor Albert Grant
These circulars containing the prospectus OF the com
pany to many persons residing IN different
parts of the United Kingdom. The newspapers OF
London Edinburg Glasgow, Liverpool and other cities
contain the day statements similar 10 those in
the circular. II was published In tho London Times
a result OF the intimate relations between sam
son. the financial editor, and Albert Grant
which subsequently resulted IN Samsons dis
mssaL With the exception OF one or two
papers the criticism OF the press favorable.
Tho whom he had heard pronounced the greatest
monarch OF the age was the man who managed the
whole thing and suggested the necessity of Minister
Schencks connection with the prospectus which gave
10 the circular Official value but The fact noticeable
that the name OF Albert Grant did not appear in any
announcement OF the press 10 secure the capital The
TeasorS obvious to gentlemen who have
visited London. Grants name was so dis
reputable financial circles tha, If
had been known in England that Grant
the protector and promoter OF the scheme the
SUBSCRIPTIONS would not have boen secured even with
General Schcncks name to the prospectus. Residents
OF LONDON not only surprised that Schenck was
associated in the scheme with Stewart, Park, Baxter
and with numerous English gentlemen, but more
astonished that he united with scheme at the
bottom OF which Albert Grant, whose dealings
so bad TO lead him TO change his name and forced
his retirement to the Continent. He had succeeded
in making himself "a member OF Parliament, but was
tabooed and since those events he elected mem
Der Kiddermnster but having procured his election
by corrupt means he was not permitted To take his
seat
The witness said he avaled himself of the earliest
opportunity. to disabuse the public mind as 10 the
scandaous character OF this mining scheme; he sent
out circulars to couneract the prospectus of the
pany in which he narrated all he then knew about the
property The witness then related conversation with
solicitor of London, and with Anderson
and Pcmberton, members OF Parliament, who
had taken shares He related TO them, among
other things. that Albert Grant had received very
large TO float the scheme and that Professor Sill
man received $4,000 TO 90 out aud examine and report
the mine. The original contract with Siman was
that, II the mine should be sold, he to have ur
ther compensation OF $40 600 There was also rumor
that General Schenck received 500 shares Tor consent
ing to director THIS excited much SURPRISE
such position IN derogation OF the privileges and
immunilies OF foreign Ambassadors These Englshmen
said the report OF Professor Siliiman cabed To
England thus showing extraordinary haste For fur
ther information witness referred them TO Ar. Lyon
ana IRWIN DAVIS and vouched Tor their respectnbty
and accuracy OF statement, and he Informed them that
all the essential facts would be supported by docu-
mentary evidence These gentlemen, especially Mr..
Andrcsson, asked what they should do, for If the
scheme should turn out to be irand II would ruin
them all The witness said TO Mr.. Pemberton:-
You are a barrister and am not acquainted with
your laws, but II were solicitor would tell you what
you should do. | would put the strong arm OF the
law Park and hold IL there until he surrendered
the money OF which he had robbed you and your as
sociate shareholders -
The witness also warned them that If they wished to
recover any of the money they must prevent the
further cabling of transfers TO New York The gentle
men kindly thanked him for the inor
nation. They asked Tor his address and
said he would hear further from them.
He kept himself or week within CALL but received no
intimation from them as he expected. He ISSUED a
series OF circulars TO the shareholders One OF these
circulars reached Mr. Park after he had returned 10
New York, when he cabcd over To London 10 pay NO
attention to what had been published and said by the
witness.
There was one important fact connected with Sena-
tor Stewart AT tho second interview with him Stew
art sald they were not gong to have the mine cx-
amned by an English engineer. The witness re-
marked that the directors would Insist On the elm
ploym yment of English engineer. Stewart repeated
they would not consent 10 this. Ii they sold the
mpe Professor Siman would make the examination.
They would couple the sale with the condition that
Slhnan shall make the examination. Stewart re-
marked, he knew Sillman and could trust him The
witness said the events narrated by Mr.. Lyon came
unaer his observation Witness said that whom he was
London be paid his respects to General Schenck He
twice at the American legation but
never had consultation with the General about the
Emma Nine He was anxious TO talk with him on the
subject, but feared that what he might say
would weigh against his associates. He was
shocked when 1t was announced that General SchencK
had been u director of the company. Schenck was
OF intelligence and clothed with dignity aud I'M
portance, and therefore should not Tor u moment
have entertained business proposition especially
when he surrounded by society hostile To such
transactions, and where diplomatic etiquette is so rig
idly observed
The witness in conclusion, said stated in his cir
cuar that there was only one man IN the world who
could have the auuacity to ask General Schenck to
n Of cOm wal
William NJ. stewart
The committee adjourned until tomorrow, but Il
not probable that any witnesses will then be ex
amin