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Thames Advertiser, Volume VII, Issue 1873, 9 October 1874, Page 3

The story of the Emma m'ne swindle has been fully -told in a former number of the Chronicle, and it is therefore famili ir to every one on the Pacific Coast who reads newspapers. The directors have recently issued a circular to the shareholders, which we append as a matter . of general interest. It will possess anexorutiatingly special interest for General Schenck, Senator Stewart of Nevada, and Trenor W. Park, formerly of California. This distinguished trio figured very prominently iu the sale of the Emma mine, and may figure still more prominently in the coming lawsuit. Here is the circular:—"London, July 10, 1874. To the shareholders of the Emma Mining Company (Limited;. The directors li'ive the pleasure to inform you that the result'of-the • poll demanded by Mr McDougall on the 9tli of June, for the election of a director, was a3 follows: For Mr Hutton, 20,100; for Mr McDougall, 10,746. With regard to the complaint made by Mr McDougall ia a circular as to keoping open the transfer books pending the adjournment for the poll to be the directors call the attention of the shareholders . to section 18 of the Articles of association, which compel the transfer books not to be closed for a period louger than thirty days in any one year; therefore, as,that time had expired, they had no other alternative but to keep them open. The directors further observe, as to the proposed meeting to be called by holders of 10,000 shares to transfer all the power and authority of the company to Mr McDougill, or any other person, the Board simply observe that no such meetiug can hand over to any person the authority or property of the company, and, even if this were possible, ' the present moment would be moat inopportune and disastrous to the interests of the company, inasmuch as the directors have already, under the advice of eminent counsel, commenced proceedings in America against all parties who, in .the opinion of counsel, are in any way liab'e to the company for their dealings in connection with the purchase of the mine, or their subsequent transactions, and they have decided to refuse payment of any further moneys on account of Mr Park's claim a»a nst the company, The directors are determined to prosecute these proceedings, and, be'ieve the shareholders wM havo confidence in. their power to conduct the same to a successful is vie; any' interference' now will be fat iljtothe intereHts of th > com >*nv. Ky order. W a. seccew'j-.'' Satk Ghxoivdi^