New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-04-11
THE COURTS.
GEN. SCHENCK FINISHES HIS TALE
uE SILL HOLDS 475 EMMA MINE SHARES AND is
HOPEFUL.

".
HE SILL HOLDS 475 EMMA MINE SHARES AND is
HOPEFUL
Gen. Schenck's testimony in the Emma
Mine trial was concluded yesterday morning. The
cross-cxaminatiOn by Mr.. st0ughton only occupied
shor, time aud few features OF Gen scheneks STOCK
specuation wero brought out In regard TO the as
crepancy Of 900 between the statement OF ore OH
hand in the prospectus aud the actual quantity accum-
lated at the time of the negotiations, Gen schenck said
tie great object Of inquiry II there should prove 10
ne 600 tons less on the arrival OF the ore ~
England than Mr. Park had stated. would he Park)
make good the deGciencyl Gen. ScheneE dd not recon-
ec that thr Discrepancy there should he any, was 10
be made cash but ii was generally understood l
Mr. PARK would make it up in some shape. In reply !"
Mr. ghtons question whether Mr. Park had sad tha
Of the dividend would los fatal, ana 10 IN
surc ia payment he would become responsible 1of
tle amount Of the dividends, Gen. schenck
said that he did not remember tl"t theIo
WAS an assurance to that extent, Dut thero
certainly assurance given In some way tht ere
voul bc dividends on The stock The first dividend was
mid Dec 1871 and for months thereafter dividends
were paid 1T the rate OF 1i2 per cent month. Inc
dyidends Cen schenck supposed were paid out OF te
money received b. the company from sales made ~ Ne"
York and out Of the moneys applicable tor tn9l p
Recording the payments FOR his stock, Gen thch su
inf the first $500 which he received from Mr. Bates was
gwen 10 Mr.. his first instamen on inc st;s re-
rcycd from Mr. Park. independently OF these shatS
800 shares were allotted 20 him, but having no tne 10
Iok after the business he left them IN cnhrRe OF Sif
F.Ler A norton of this allotment was sold al an adj
vance for The iOut benefit Of Mr. Fisher ana hlW'ci
Stimulated by The rise III the stock Nj Fisher proposed
10 bu buy 800 additional shares. ana ne rectanty
agreed 10 the purchase Mr.. Fisher bought when l!S
stock was at it, highest figure IN May, 80
IL paid e3 share and il sold ut very great oss
Gem Scheuck said that he held shares now excepting
Inc original subscriptiCn-i75 shares. paper datrd
Oct. IL 1877, was handed 10 Gen. Scb'nck by Mr'
Stoughton. bearing Endorsement for 4l,S9l 6rn.
Sceuck said III this paper contained an accounting ny
Mr. PARK To- aim OF p8Tt of the profits on JOINT Sc-
ZION in some stock ~ which Mr. Park gave him the Dc NJ
ill., on the final OF the balance, IN nay lh|l,
to ,,t srttl, mrui with Mr. Park. He borrowed some
rnocy IN addition ~ the mortgage Of his house and lot
i'm WASH ir,gton. part OF mortgage had been pail
MIR Park still held collateral for money ADVANCED
number of stock r;ihcates. which he Ten sCbehcD
bol,d 10 be able 10 redeem. Gen Srhrnck sdi that ne
was engaged VITA 5lr Fisher between the years 1909
and lS7 n operating Colorado III the interest u me
CnIol ado Land Improvement Company. TINS SpctiEi-
to,, was moi gone by MIR S.OuShton although Gen;
= lrnc. offered 80 II abOGt it, H. added INA, It h"l
lost conf fence IN SIR Fisher before his dr'h lie was
good Fellow. uut had csun To be d.sSlpatel. ,
Oliver !. eager. Of tAr firm OF IltNla!d a. Co'i I-
pori,r. tis rity, recalled by ME- 'Hthurh l"t
witness present at interview pc ".th III IdIh
and Jaucs T. Lyon London and ttstlitd 10 c"hNtfNd-
.us tween tnrsl. and also to subsequent Cohtct'-
ZION. D. tween himself and Mr. Park ava Nj LION
saurJtely Tue substance OF several Telegram, passing
L.iwcem SIR Park aud himself Vas given. Mr I'ih 10"
never rSif,~-d my other opinion thdh tldt Tue li'
was OF great yaue any fears that the diNidriuS
Would cease