The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1876-03-29
schenck Undergoing Examination.
WASHINGTON, March %.

Ex-Ministcr Schenck appeared before the
committee on foreign affairs to-day, bring
ing with him satchel filed with papers.
lie privately complained of being weak
not having fully recovered from his recent
attack of sickness. Ex-senator Stewart
and other gentlemen connected with the
Emma mine transaction were present. DIR.
Schenck read the following paper
desire respectfully to state to the com
mittee that since my arrival in Washington
have read the printed testimony of James
E. Lyon and Hiram A. johnson, on which
charges against me appear to be founded.
The testimony of those witnesses was taken
in my absence and without any opportunity
for a cross-examination. This evidence is
proposed to show that the sale of the
Emma mine by Messrs. Park, Baxter and
Stewart to the Emma mine company of
London was a fraud, and that to the con-
summation of such fraud | knowingly lent
the assistance of my name and official po-
sition. The charge is very grave one,
and ask for most full investigation of
it. For that purpose, although not invited
to appear before the committee, left Lon
don as soon as | learned from the newspa-
pers what action had been taken and came
at once to Washington. | might rest my
vindication upon the simple statement of
my own connection with the transaction in
question, which propose to make, from
which it Will appear that under sincere
belief in the value Of the mine and the
honesty Of the sale of it ! bought and paid
for the shares hold now and sustained a
large pecuniary loss; but as the
committee have received evidence
growing out of the previous history
| of the mine and intended to
show that it was of little value and that the
sale of it was fraudulent, and this evidence
has been widely published, | deem 1t suit
able to my complete vindication that the
committee should hear the the testimony
upon these points. | am prepared to lay
before the committee unqueslionable
proofs that the evidence which has been
tdhtu 10 ldlot Ahht INV Ni,bNcoec "ho
gave it are of infamous character, and not
worthy Of credit under oath /; that the sale
Of the mine was fair, honest and straight
forward, without falsehood or fraud, and
made by men who had paid large sum of
money for it and implicitly believed in its
value that the purchase was not made on
the faith of any representation by the sell
ers, but on the exact accounts Of actual
product of the mine for nearly year be-
fore the sale and upon careful survey and
examil alton Of it by competent persons
employed by the buyers for that purpose
thai, the mine continued for more than q
year after The sale to yield large monthly
dividends: that the confidence of the sci
lers in il was such that after their interest
had been sold and paid for, some of them
pui chased largely Of the stock at high
prices, and also loaned the company large
sums of money that the subsequent fail
ure of the mine was owing to mismanage
ment in its working; that the mine is to
day, if properly worked, in all probability
as valuable as it was claimed or sup
posed to be. and finally, that, so far a
know or believe, parties is England WHIT
were concerned 10 its original pur
chase have never claimed that an.
, fraud or imposition was practiced unde
, them that the claim having been recent.
set up by those who have bought the stool
since the alleged failure of the mine a
nominal prices, it will be apparent to tn
committee that this proof must remove tn
, interrogation of considerable number o
: witnesses that the evidence cannot b
presented except through the means uni
versally employed IN judicial tribunals, tn
examination of witnesses by CON
t pet.nt counsel acquainted with the case
subject of course to such further question
Q as any member of the committee may wis
to nut, That to conduct the inquiry b
4 calling upon the witnesses to examin
r themselves, or by such desul,ory and in
e perfect examination as must be made by
committee not informed of the factl
would be extremely unjust to the part
: who relies upon the testimony and woul
s tend to obscure the truth rather than
C elicit it, have, therefore, to respectful
Q request of the committee that the usu
= privilege of the assistance of proper coul
sci may be accorded, as well for the eros
/, examination of witnesses who have testiiit
/ against me, as sor the examination OF tho
l. whom l desire to produce. Should II
e committee be pleased to accede to this n
= request, as cannot doubt.they will, wi
d be ready to proceed with the croas-exan
/. ination of the witnesses, GA my own stat
,, men,, as the committee may think most d
J. sirable.
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