The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1883-02-28
LATEST KILOGRAMS
CrOWeIl, OF the Empire. a De-
fRulGer.

New York, ga heavy defAlcation
was discovered to-day Of Gilbert L. Grow
ell, president Of the Empire Mining
Company, Summit Co., Utah. The Of
fees Of she company here are at % Wall
street. Crowell, in 1857, was given the
agency of the Talnsn estate, the owners
being Mrs. Cornelis A. Atwell, her sis
ter Miss Catherine Q. Talman, and her
niece Mise Caroline TalmAn. They con
fided TO Croweil's care their securities,
stocks and bonds and gave him q power
of attorney to transact their business, 10
1879 Crowell went to the Empire min
ing scheme and bought largely of its
stocks, The mine was failure and the
assessme nts increased until finally Grow
ell distracted $4,000 of4he Talman
trust funds. Besides this amount he
borrowed from Mrs. Caroline Talman
$40,o in all. In the last three years he
has spent $774,z00. In addition to this
he owes $48. 600. On the 18th inst. be
made an assignment. His estate consists
of real estate valued at $l07 600, mort
gagged almost to it's full value value
amount; $4,000 share mining stock.
Crowell is sick in New Jersey.
New York, 27.-The Sun says of
OIowell's detslcAtion: In 2979 his atten-
ton was attracted to silver mining, and
in 1880 he made trip to Salt Lake City
and California. He was seen in San
Francisco in company with Fl. A. Van
Prasg, whose note he holds for over
100000 1t is said VanPraag, who is
new in Europe, owned the Empire silver
mine which is in Parley's Park, Summit
County, Utah, and that ne induced
CroWell to cash his note and take as
surety large amount Of stock Of the
Empire Mining Company: The note
was not paid, and Crowell became owner
Of the mine, 1t wss capitalized at $40,
coo, 900 in 100, 600 shares. He sold some
Of the stock to friends aud relatives, and q
considers BILE quantity was taken by the
Tallman heirs. Then, he tried to develop
the mine, which had so far produced no
ore whatever, It lay Just west of the
were surface indications of ore, and work
was prosecuted with vigOr, but no ore
was found. The mine was dug deeper
and deeper in the hope of reaching ore
until January, '8l, when the main shat
had got down 400 feet. A little later. &C.
oording to manager j. f. CroWell's re-
port, the shaft reached the vein and TIT
mine was Immediately flooded. An at.
tempt was made to drain it early In thu
spring, but vas defeated By the burning
Of the hosting works. A second attemp
failed through the inadequacy ofthe new
machinery. The third attempt, will
| still better IL achinery, was successful OF
Novem Der the LIST. It WAS then fount
that the cross cut had cAved in, and i
was necessary to dig q new one. Tn
manager says 200 tons Of ore assayinl
from $50 to $50 per ton bad been tAkel
from the 360 foot level. For repairs, neT
machinery, buildings aud expenses, tn
sum OF $3.50, 1914 A expended up to June
1882.
Joseph Parker son-in-law and one Q
the sssignees of Crowell, said to-day
II expect to go to Salt Lake to-3orroy
morning to investigate the Empire an
other mining property in which Grove
was interested. to see whatean be realize
from the wreck. The real estst
owned by Crowell in this city and Ne,
Jersey ia covered by mortgages to the fuI
amount Of the claims, and the Household
goods will realize but very little, and til
mining stock 10 worth nothing at nj
There will be no meeting Of creditor
until I return from Salt Lake, whic
may be in two weeks or . month
Whether there will be q meeting Gale
OF oil depends upon the results Of my in
veStigstions in Utah, and also upo
other questions. Il is possible that Gre
well may die. He is very i'll, and in th
course of q conversation had with hin
last evening, he said he could do nothin
to make good his losses. 1t has bee
agreed that the creditors shall not prose
cute Crowell A broker said, with th
exceptions Of the shares Of the Empir
Mining Company, none Of the stocks 81
quoted. That Of the Empire 10 pre- babl
worth about SOC. share, the others abor
10c. There 10 no reason why q ma
of sane mind should embark in an VI
dsrtRking ct once 30 desperate and foo
ish as was the Improvement Of IL
Empire and Crowell, although to |
pitied, is universally blamed among mil
ing operators for becoming the victim
such manifest Bwind.s. I was We
acquainted with the man. He vi
always ready to share his last cent wi