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Show HEWITT'S SPEECH. Three Noted Amerleaun ljftIlUl lp. Their Names are SiUem-lf, Slewarlaud rurli. How They Swindled the British Brit-ish rublic mid I'ciilhered Their Onu Scsts. Aud the Greatest was the Vermont VuuUec, l'arli. Washington, 25. Hewitt, in his speech on the Emma miuo case said: The materials furnished by tbe evidence evi-dence served 'o show how tbe ambassador ambas-sador of the United States so forgot his high station that he not only con-icnted con-icnted to become a director of tho company, proposing to sell its shares in the country to which he was accredited, but allowed his name and the ofllcial title ol AMERICAN MINISTER to go forth in the prospectus as voucher of its exceptional character; how by subscribing publicly for 10.-000 10.-000 ot the stock, apparently upon the ametsrmsas other subscribers, but in reality upon a private arrangement arrange-ment previously made with tho vendors, ven-dors, in which he put no money at risk, and was absolutely guaranteed against loss, the envoy of tho great republic placed hituBelf in the altitude alti-tude of a puffer at an auction sale; how he speculated in the stock of Ihe corporation which he had thus helped to create cre-ate and direct; how be seemed to be incapable of drawing a distinction distinc-tion between au investment and a speculation; how he associated one of his secretaries of legation in these spaculative operations, and availed himself of the services of the other to watch tho fluctuations ol the stock market and practically act as his broker for the Bale ol shares; how he records his opinion that it is a proper thing, not merely for au ordinary man, but for au American minister to soil stock short, that is, to SELL WHAT HE DOES NOT OWK, and expressed Ins regret that be did not do so and indemnify himself against loss by transferring it to tome one else not in possession of the infor mation whicn lie nau reeeiveu through private sources; how he so confuses his accounts of piofit and loss that he cannot seperalo ihe pro-tits, pro-tits, which bo actually did or might have realized out of bis original transaction with Park with the losses which he made in the speculations in the stock, having no relation to this transaction with Park; how he accepts ac-cepts credit upon the note which he had giveu to Park, ths nature and origin of which he bad no knowledge whatever, except that they arose out of tranections wherein ho was nt no risk; bow he declines further credits of the same character, because he thinks that the limit of favors has been reached; how he arrived alibis conclusion only after the public press had been filled with hostile criticism . how his memory as to the mode of payment for the second allotmeut oi shares leads him jd London to swear that Park did not provide the means for the payment thereof, and how ba-fore ba-fore the committee, svhen it bad been clearly sho.vn that PARK DID FRO VIDE these means, he retracts the aUte-imentmade aUte-imentmade in London; how on the final settlement with Park he transfers trans-fers to him in payment of indebtedness indebted-ness the stocks upon which ho continues con-tinues to draw tho dividends; bow on leaving London he is forced to piead his diplomatic privilege as his defense against the service of a writ in a civil action growing out of his unfortunate connection w.th this disastrous undertaking, under-taking, and bow, finally, he reiterate bis inability to comprehend the false and unfortunate position in which he is placed belore the public by a series of ill-advised transactions, in which it is charitable to regard his memory as at fault and to look upon him as the victim of designing and unscrupulous men, leading and persuading him lo an equal ruin of reputation and purte. steiiaut's sharp riiAcrtCK. These materials Berve to show how William M. Stewart, senator of the United States, while acting as counsij for a client who had placed bis interests in-terests unreservedly in bis hands, and with whom he had arranged for a contingent fee which should have made him all the more jealously to guard tbe interests of his client, became be-came a purchaser of that interest at a time and under circumstances when he could have computed its va'uc with almost mathematical certainty, at a price which gave the client S150.000, which was practically the contingent lee, and gave to the counsel the larger sum of $-75,000, which Bhuuld have gone to tho client; how this magnificent sum, which was paid by Clark to Stewart, was not in pursuance of any express written agreement, but In accordance with an unwritten understand mg, ap pareully based upon a Beiitiment ol tionor, which has been formulated into the English language; how the legal redrew wisely secured by hiw to the client under such circunintanix-s was cut oil by a further payment ol a later date, which Stewart stigmatises stigma-tises as blackmail, aud a rclcasa secured as a summary of tho whole transaction as a legal curiosity and a model form for lawyer who desire to Becure protection from their clients it U well to preserve. Thus was secured immunity from tho claims of hB client, but not from tho impartial judgment of the legal profession aud the world. A riCTL'RE OF THEJfOR PARK. Finally, these materials snrva to show how Trenor W. Park, member of the American bar and president of a national bank at North Bennington, Vt., and well known to tho American public for bis connection with the Mariposa company -whoso disastrous failure some y'jara ftgo will not soon be forgotton by those who sullered the great author of this mischief, with a Bkill which never has been surpassed, sur-passed, going to London an entire stranger, but having carefully pro-pared pro-pared the way by a largo shipment of ore and glowing accounts of tho production pro-duction of tho mine, within ono short month secured the services of Albert Grant, tho greatest manipulator of speculative shares of modern times, agreeing to pay for tiicso at a rate of compensation which may bo small for him, but which in this country of primitive notions would be deemed magnificent; how ho provided in the 'contract lor sustaining the market pending tho allotment to tho purchasers pur-chasers of shares at yicrrnous premium, eo as to gather in tho money of bona fide investors a process said to bo usual in England, but which here would be regarded a little short of robbery; how widows and clergyman aud half-pay oflicers and others living upon annuities wero thus induced to invest tneir scanty capital, in hopo of securing permanent dividends nt a high rale out of an enterprise said to ho exceptional by the American minister; bow Park ingratiated himself him-self into tho ronlidonnu of the American Ameri-can rupnsentativo at the court of Hi. JameH, no that within two short weeks ho felt au irresistible drairu to shower benefit upon biui, nud to re lieve him from the embarrassments arising from hia large expenditures out of a narrow official income; bow he inspired tbe minister with that charming confidence which accepts favors without suspicion that they are to to requited, how be issues a prospectus pros-pectus containing statements calculated calcu-lated to persuade the most wary, but which turn out to be iu mournful contrast with the actual issue of the, enterprise; how when be was about to lose, by the resignation of the American minister, tho mainstay upon which he relied for tho sale of the remaining half of the shares of the company which had boon tied up for a time, he procures a letter which was declared to be in eflect better (ban to have the minister remain as director, whorcin bis characlor is re-indorsed re-indorsed and tho GREAT VALrjE OF THE PRO Pi RT V reaffirmed; how everybody who could assist or injure tho successful perpetuation of the Bales was conciliated con-ciliated by "puils," as tbe senator from Nevada sarcastically describes ibem, upon the funds collected from a confiding public, so that about a million dollars was expouded in the preliminary expenses of which the great American banking house ot Jay Cooke & Co. got a "pull" ot $125,-000; $125,-000; how, when doubts had begun to arise as to the continued productiveness productive-ness of the property before the reserve shares had beeu sold, he procured tho services of the vice-chairman of tho company, Brydges Willyams, to make a personal examination of tho mine by tht payment ot 5,000 and a call for or right to take two thousand shares of the stock at a price ati which thd call could only be profitable profit-able to the examiner, as the result of a favorable report; how the favorable report was made and the reserved shares were sold at a premium of THREE POUNDS PE1 SHARE; how when the public supposed these were still tied up for months to come, they were all sold within two weeks of tbe receipt by telegraph of tbe report; re-port; how even the astute and accomplished accom-plished Albert Grant was induced, by a process which no man cau find out, to abate his claims for one-ball the profits, aud accept ono pound per share iu lieu thereof; bow be was inducetl to give up his just claim of pq nnn nnmig.;ni. ... n. i. which bad been allotted to General Schenck, and how the Bame was credited on Schenck's note to Park, falling like manna frum heaven; how Park bought and sold the shares through Clark, and devious courses wero pursued, coming out at tie eml with a profit even; bow when tho shares were selling at over 30 a piece in London, be bought out his partners in New York at less than half that price; how at the shareholders' share-holders' meetings in London, which lie attended, EVERYTHING WAS MADE LOVELY for everybody, so that no one appears to have any legal ground against bun for indemnity, although dividends censed alter thirteen months and tho tdiart-B are now selling al twenty five shilling a piece; how the whole busimwB is now involved in litigation on both sides of the Atlantic, so that Park declined for fear of consequences to put bis accounts upon record, or to testify as to the amount of profit which he realized for tne sale ot the shares; how libel suits are pending against newspapers who have ventured ven-tured to exprets unfavorable opinions in regard to an operation which bus caused a greater scandal in the business and diplomatic world i ban any transaction of modern times, lo the spectre of which the author of its being, Trenor W. I'ark, triumphantly exclaims: "rfhako not thy gory locks al nie; thou canst not say 1 did it." All this and more of ;tne same unsavory sort can he learned I from the perusal of ibe evidence herewith here-with submitted. |