OCR Text |
Show 5 ' JJ A OLD SCANDAL REVIVED. ' - Deal In Mining Stock Which Prejudiced Preju-diced Britons Against Utahns. Salt Lako City. A. special to the Herald from London sayB tho final mooting of tho winding-up commltteo Jyt, of the Kmma Mlno company of Utah ??Jr has Just closed. Tho mlno wna first exploited thirty-seven years ago by General Hobert Schcnck, tho Amerlcnn Amerl-cnn minister nt tho court, of St. James. Ho hnd nbsoluto confldcuco In the report mndo to him by n then well known expert In silver mines, Tronor W. Park, that tho mlno wns 4 well worth $10,000,000. Mr. Schonck B I Induced n number of tho nobility of w-r- England to buy shares In tiro Knima ' 4lC Mine company, which wns organized with a capital of $5,000,000, with iharcs at $100 each. General Schcnck wns chosen n member of tho board of directors, nnd two members of parliament par-liament served with Mm. Within n month nfter the shares woro placed on the I-oiulon mnrket tho shares roso to $123, and by artful work by tho ablest mining share promoters In Knrope subsequently wero worked to $180, which was tho top prlco. A Bchemo was then put up by a ring of schemers to brenk down the valuo of tho securities to a prlco thnt would enable them to get n controlling Interest, In-terest, then Jump up tho shares to $200 nnd unload. Tho game was going well when several British judges and two members of parliament who wero in the ring fell out over n division of tho plunder. A scandal followed. Tho winding up commltteo has only $23,000 left to divide up nmong tho-Mocklrolders. tho-Mocklrolders. This unsuvory mining company did more to prejudice Utnh mining properties in tho London mar ket than anything of Its kind floated. In n generation. |