The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1876-02-29
The Emma Investigation.

The committee on foreign affairs to-day
heard the testimony of James f. Lyon of
| Racine, Wis, concerning the Emma mine
| speculation. The witness originally owned
one.third interest in the Monitor lode,
which afterwards became the Emma mine,
and an interest in which was purchased by
II. II. Baxter and Tfenor w. Park. Suits
arose and the witness employed as counsel
ex Senator Stewart of Nevada, and General
| Hiliger. Senator Morton was retained for
$25 600, and an unsuccessful effort made
to remove Judge Mexican Of Utah,
simply because he was large share
holder in similar mining company
The other justices were joint partners in
the Emma mine in which the marshal Of
the territory WIS also interested. A party
in San Francisco had purchased from the
estate of Silas Braine, for nominal rum,
claims of about a quarter or half million
from Monitor lode and organized the Emma
mine company with capital of ten millions.
MIR. Stewart advised witness to consolidate
bis interest with the new company. which
would have shares enough to give to the
witnesses, judges, jury men and all. Wit
ness was anxious to dispose of his interest
to Park. and for consideration was will
ing to withdraw both his claim and the suit
he had commenced
Mr.. Stewart said MIR. Park was not to
be trusted, and would swear to lies, steal
records, buy witnesses, and do anything to
carry his point.
Witness, in response to Mr.. Stewart,
said: have heard Park say hard things
about you, and that you would not hesi-
tate TO buy judges jurors and witnesses,
at your personal convenience.
The witness asked Stewart to see Park
and effect a settlement of the business. Ii
was agreed that two millions had been
taken out of the mine up to July 1871, and
allowing half million for expenses, the
witLess was willing to settle on that basis,
never having surrendered his interest in the
monitor lode.
Mr.. Stewart and Mr.. Park left for New
\ ork, and on the 9th of August Stewart
wrote that he could not make so good 6
bargain with Park as he desired, but Their.
was 10 occasion for dispute about a
out mine. The witness objected to the
contract Stewart propo ed with Park, as i,
did not secure TO him the half millor
promised. Mr.. Park discharged all the min
ers but six; no ore was to be taken out bu
only developed for examination by an engi
neer as it was to be sold on its reputation
Lent, Stewart and Park went over to- Eng
land Stewart telegraphed Nov. 9th t.
witness to come to London when he 60
there Stewart said thiIe we're hundred
mines there for sale, and against previou
advice OF the witness he / adj been com
PEELED to identify himself with the Emm
mine.
Professor Sillimans report had placed tn
mine among the great mines of the worlt
and half millions had already ben re
moved from it. At London witness foun,
Stewart and Park, occupyinga room a
Edwards hotel as an office. Albert Gran
of London, framed the prospectu this
Emma mine and 100000 pounds were pai
10 him as promoter of the scheme, $25, 90
was paid to the banking house of Jay Cooke
, McCulloch & Co., for the use of thei
, name.
, j. ii. Puleston of that banking hous
, was promised fl0 900 sterli for the us
of his name, but the money was not paid
Gen. Sc enck was presented With so
I shares of stock at f20 a share. Albei
, Lewis & Sons of Liverpool were to hav
received $1,000, but did not. rrofessc
Silliman received 10000 or 100000 &c
making his favorable report.
The witness turtle gave his experienC
, with Stewart, who made excuses for nj
obtaining for him the sum be promised, Ian
the witness thought that he made prof.
osition to close the ra saction for $3.50
;, OOO Gen. Schenck wrote a letter to Pal
= on the first of December, 1871, saying |
was going TO resign the directorship, giviu
. as reasons that he did not want to be Crit
n cised by his political enemies. Nj. Pan
said he would have better letter ths
that, so when Schenck wrote the letter I
December OH, in which he resigned, Pal
said this is better endorsement
, the Emma mine than Schenck's nan
- as director. When the scandal again
a Schenck fret became known in Englan
n Park said he had fixed the thing with Il
v General. He required the General to gi,
his note for the stock. Schenck said II Il
not good security he. would mortgage b
house in Washington. Owing to the far
Gus telegram from Williams, Silliman
k Huzzy of New York, and very large oi
8, coveries In Emma mine, the stock went u
The shareholders thought our governme