Show the emma and its management when a mine like the emma fa fails oalis ns or even falls into difficulties for f or a year it is worth while to study t the be case and ascertain if possible t lie the cause of its disaster the ignorant and excited shareholders made but little progress in their meeting toward ascertaining the truth but two extracts from our foreign files while they do not eli eil ell tell tilo tile whole story will probably be found sufficiently significant to give our read ers era a fair idea of how the company was floated and how it lias has been een managed the first is taken takeru from an item in no xio less a paper than Engine engineering engineers ern q of date november 10 1871 the ie item formed oneat those these means of establishing a reputation which are a favorite design with english promoters 2 this valuable contribution to the history ot of mining enterprises informs us that qt t is only a little more than twelve months since the mineral wealth of utah was developed and already the tiie proceeds of some of the workings have exceeded the most sanguine expectations of the owners the mine now brought before the public is valued at jl so that the whole of the capital will be handed to the vendors half in cash for which a applications p legations icat leat lons ions are now made to the puti auti public ile lle and half in fully paid up share shares on the tile other hand the tile purchasers of the property will receive ore koiv now en route for england edgland to the value of equivalent to a dividend of 18 per cent for one year besides the mine and claims connected with it and the tile machinery and plant upon the works the sale of the ore already raised and forwarded and the smelting sm Bm eiting elting of that now piled up at the mine viii will vill also provide working capital the directors propose to limit the dividends to 18 per cent per annum accumulating a reserve fund until it amounts to a years yearns dividend at that rate after which the whole of the this pro proceeds deeds will be divided among the shareholders with such reservations as the directors think advisable A special feature mentioned of payin paying 9 dividends monthly and the directors anticipate extremely favorable results from the fact that the reports show alow that returns will be immediate and very large even upon the great of capital calf mal tal this observe veis vels is the promise a years yearns payment at the tile rate of 18 per cent already in hand the result of that year as our readers ku know aws was really 7 74 per cent including the whole of the above ore en cn route our other extract refers to the management of the company A meeting of the tile scotch shareholders has been held heid iii in glasgow and mr air henderson one oile of the tile new directors gave all an account of what he be found out at liis ills first meeting with the old board he says well unfortunately I 1 found that was very little when I 1 came to tile the point the first thing I 1 inquired ired into was what check they had ud upon the sampling and tile the sales made at the mine and tind I 1 was astonished to find that during the whole of this period they never have ave received a check sample from america nor had they the analysis of either the first or second class ore in the office nor indeed had any analysis ever been made I 1 also wanted to inquire into the tiie reasons their statement that the ore was difficult to smelt I 1 showed them from the analysis I 1 had previously made of two specimens or samples rather for they did not appear to know the difference between a sample and a specimen they sent down to me and which I 1 analyzed to see tile the nature of the ore not nob believing that a single stone could represent in any way the whole mass of ore to be dealt with the directors insisted that the stone sent me was a representative stone to my mind the difference between a specimen a and nd a sample is immense if we want to get a fair sample of so large a mine as the emma it is clearly necessary to cut hewri down in a hundred different places along the face faco of the mine and having pro procured cureA cured samples to thoroughly mix them together and reduce hem them toa to a coarse powder when this is done then you have a chance of getting a fair sample of the quality of the ore mr anderson said lie he had taken a sample sampie from the rock which made out 2000 odd oune ounces es of silver silvera a ton but that was only a single stone on this very ery important point I 1 found that th the e directors were very deficient of information and it is quite clear to my mind that they have no check whatever upon the faithfulness of the samples that had been sent to be assayed nor of the actual assays essays themselves I 1 was very glad giad iad lad to learn from them that they tad had appointed a gentleman to go out and that mr hussey was vas leaving or had llad left the mine to mr atwood the tho gentleman who wiio had llad been appointed and was to take entire c charge laige lalee As this wasa was a ve very important matter I 1 asked to see his agreement agreement with the company I 1 looked 0 ed I 1 it t over very carefully and I 1 saw that thau mr atwood by it had full power rower to dochat do what he pleased pleated and the orders of the directors were to turn off mr hussey Husse yand nd every Ameri amerl American americanian canin Jn the mine applause this I 1 think was a good feature applause we doubt if with the keenest in lection pec spec tion the new directors will find anything out of the way with the average returns of the ji nine mine they will hardly come up to the tile glowing wie vie views vs of the tiie vendors in 1871 and the sooner the englishmen turn their vast intellects froni from the consideration of knavery that is at tile the best very doubtful to thinking of the best meana means means of treating 80 ore the tile sooner they will get in the path that leads to a moderate success engineer and bartning mining journal Ao c a |