Show BARON RANT is DE Chef Promoter of the Emma IIne Swindle t AN OLD STORY RETOLD UTAH MINE SOLD FOR ONE HUN DEED MILLIONS A Fascinating Chapter From the Ear 1y History of the StteDicov erer of the Mine Still Living I This CityHow the Scheme Was Worked The death at London England yesterday terda of Baron Albert Grant recalls once more the famous Emma mine swIndle a swindle by whIch English I people were defrauded of millIons of I dollars and the development of Utah6 magnificent mIne was given a staggerIng stagger-ing blow among Investors that Is felt even to this day The story has an ahIdlnl interest The Emma mIne was discovered In the Little Cottonwood tsentyfive miles frpm Salt Lake City by J F Woodman and R B Chisholm In IS6S Both of these men are still living In this city although both are now far advanced In years Little was done In the way of developing the mIne till 1869 except to secure absolute tithe to the claim or 2004o feet The orIginal orIgi-nal owners of this claim were J F Woodman and R B Ciisholm of Salt Lake Captain J M Day of Wisconsin and Captain James Smith of Chicago Walker Bros subsequently secured an Interest In the mine In 1859 the work began of developing the mine which proved to be one of wonderful richness The veIn waS composed com-posed 0 sand carbonate that could be shoveled Into sacks and carried out Fortunes were made out of it In the two years I was operated by these men I will never be definitely known how much wealth was taken out in weath wa these two years but It has been accepted ac-cepted as a fact that Mr Woodman received 300000 for his interest and It das d fcf h St is fair to assume that the others made as much according to theIr holdIngs Mr Woodman held fourth Interest Baron Grant Appears In 187 Trenor IV Park and H H Baxter of New York came along and bought a half interest In the mIne for 50OOO Then I was that WIlliam r Stewart now UnIted States senator from Neada and Trenor IV Park conceived con-ceived the Idea of formIng a great English company to operate the mIne At this poInt too Baron Albert Grant came upon thestage to Inflate the most gigantic minIng bubble that ever originated orIgi-nated on thIs continent Largely through the influence of Baron Grant a company was formed In England wIth a capital of 100CO shares of 100 each Tree members of the Brish Darla ment were placed on the board of di rectors R F Schenck whom General U S Grant then president sent as minister to England dl who ISs known to history as the man who Introduce the grearAmerIcan game of draw poker Into English society waS also made a director Schencks name Inspired great I i confidence and people climbed over each other In their efforts to get stock The prospettus of the company showed show-ed that a dividend o 80 per cent was possible Baron Grants success In pro meting this scheme was phenomenal Park and Stewart worked the Amen I can end of the deal and made great fortunes in the manipulation of th stock I transpired afterward thi these men had paId Grant 5000000 to I promote the cheme In England and other sums besides And Schenck Is sId to have reeived 5000 from Park wIth which to buy shares and become I a director A report on the mine pun i porting to come from Professor Spill I man of Yale college and use largely to boom the stock was pronounced later to be a forgery Bursting of the Bubble Ten It b came known that the Emma mine was not 50 great a bonanza bonan-za as represented the crash came and sock that had been bought at fabulous price fell and only one shilling per share was saved from the wreck But It must not be Inferred that these Eng Ish cousins gave up without a fight I Large sums of money were expended on the IIle a manager was sent over I from London to put in most of his I time playing crIcket In Salt Lake but I the rIch vein of silver was lost and has I never since been found He would be a reckless man who would say what I has become of I The orIginal owners worked the mIne to a depth of 300 feet In the lower levels the floss of water has been 50 great that those who have trIed to operate the mIne in recent years have not been able to prosecute the search for the vein to the necessary depth because of the water I The original English company has I been several alt reorganIzed since the frt crash but many of the orlI I nal stockholders roped in through the Influence of Baron Grant have stayed i with the mine through all Its vicissitudes vicissi-tudes and many still hold to the Idea i that theIr money will yet come back I In the sale of the mine by the orlgi r Jf nal osners J F Woodman received I approximately 500000 for his fourth I nterCt He sold to soon because R i B Chisholm afterward sold hIs fourth Interest for 50000 Captain Day receive re-ceive about Si5OOO and Captain Smith shares about the same for theIr respective Baron Grants Career Grant who is spoken or now as the Hoole of his time Was made a baron by KIng Humbert of Italy In 186 for servIces In connection with the Victor Emanuel Gale In Milan DurIng the days of his great prosperity he presented j pre-sented Leicester square to London a 1 gift that cot him 50000 He also built for himself a magnificent Italian marble palace at a cost of 000000 His death the announcement of whIch I was cabled to this country yesterday has remove one of the most daring and successful promoter known to modern histt c I |