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IVIsps, pistes, cherts, stc, msy be filmed st different reduction rstios. Those too isrge to be entirely included in one exposure sre filmed beginning in the upper left hend corner, left to right end top to bottom, ss msny frsmes ss required. The following disgrems iilustrste the method: Les csrtss, pisnchss, tsbleeux, etc., peuvent 6tre filmte A des tsux de reduction diffirents. Lorsqus Is document est trop grsnd pour Atre reproduit en un seul clichA, 11 est film6 A psrtir de I'ongie supArleur geuche, de gsuche i droite, et de hsut sn bss, en prenent le nombre d'imsges ntessseire. Les diegrsmmes sulvsnts illustrsnt Is mAthode. 32X ; . t ; i - s t a i 1 # • , • ' No. 8. CAMPAIGN TRACTS. MINING EXTRAORDINARY. 66 A. Common Ch.eat" in Earnest. EECORDS OF A " SCANDALOUS COMPANY." The kind of timber Liberal Ministers are made of. SUBJECTS FOR REFLECTION BY THE ELECTORS. Mr. Huntington's personal organ, the Montreal Herald, is horrified that re- spectable people like Mr. M. H. Gault should consent to belong to a party which accepts Mr. Macdougall as one of its leading exponents. It refers to Mr. Macdougall as a "common cheat," and weeps crocodile tears, because " an " honourable uan like Mr. Gnult " says he wishes to be promo- '* ted into the sr.me brotherhood.'' There is sometliing very touching in the solicitude o" the ))art of Lucius Seth Huntington's personal organ lest honoi- able men should become contaminated with persons of questionable character. The case is so remarkable a one, that we are sure our readers will excuse us for examining the claim which Mr. Hunting- ton has thus to refer to gentlemen, who, whatever their faiUngs, are certainly in all resnectn, morally and intellectually greatly his superior. Let us examine the character of the nisin) with whom leading Liberals are not only prepared to herd, but whom they have elevated to a position of leadership among them. ^-^N It is not necessary to refer at any length to the facts connected with the mming speculations of Lucius Seth Huntington. He was charged by the Gazette in September, 1874, with be- ing '-steeped to the very lips in '•' the most wicked frauds." The result was an action of libel against the proprietors of this journal, on which he claimed $100,J00 damages. Mr. Hun- tington professed to be very anxious to bring the matter to an issue, and com- plained, with apparent bitterness, at the delay in pleading. More than eighteen months ago the plea of justification was served upon him, and that has been the List heard of the matter. We cannot' therefore,be charged with any impropriety if now we make special reference to the facts contained in that plea of justifica- tion. As to the Huntington Mme, the charge made was that the statements in the prospectus were, within the knowl- edge of Mr. Huntington, in large measure untrue. And when it is mentioned that one of the statements made was to the effect that '* in six months the Hunting- " ton M'ne could be put into condition ^ h 2 "to raise and ship two thousand tons " of ore, selected up to SIX per " cent., at a monthly profit of six " thousand pounds sterling" — that is, an annual profit of seventy-two thousand pounds sterling; when it is mentioned that the statement was made that " the " profits, apart from the manufacture of " alkali and bleaching powder, show a " return of forty-five per cent, on the " capital proposed to be called up, but " this may be greatly increased by the " further opening out of the mines" — when, as a matter of fact, the mines had been a losing concern all the time ; and when other facts to which we shall make reference presently and which have not up to this time been commented upon in Canada are con- sidered, it will be admitted that the charge made against him was fully war- ranted. As to the Copper Pyrites Company, the facts, as stated in the plea of justification to which Mr. Huntington has not up to this time thought it worth while to reply, are that he deliberately lied in the pros- pectus in order that he might more effectively swindle the Glasgow public. Our readers will remember that the property put in this company consisted of seventeen distinct lots, the names, with the acreage and price, being included in the prospectus. The acreage was stated at 10,912 acres, and the price $839,800. It was claimed that these lots had been " secured under the influence " of the depression which has ruled for " years past in the copper trade, and " before the mining excitement had " reached Canada." And then we had this remarkable statement in the prospectus, than which nothing could be more untrue in fact : — "The above are " the bona Jide prices which are to be " paid by the present vendors" (that is Huntington and McEwen) " to the Can- '* adian proprietors. In acquiring these « properties considerable outlay had to " be incurred by the vendors, and they " had to make large advances on account " of the purchase moneys. The directors '• have, therefore, agreed, over and above " the prices payable to Canadian pro- " prietorp, to pay to the vendors the " sum of £15,000 for expenses in- " curred in Canada in securing the pro- " perties and commissions paid Canadian " agents, and also a premium of £35,000, "WHICH IS TO INrLUDE ALL " CHARGES FOR PROMOTION." Ihus the people of Glasgow were pressed to subscribe on the ground that they were getting the properties at an extra- ordinarily low price ; that the vendors were putting them in at their actual cost, at a time of severe depression, and that, therefore, the scheme must be a valuable one, WHILE AS A MATTER OF FACT I HE PRICE ACTUALLY PAID FOR THESE PROPERTIES WAS$333«000 LESS THAN THE SUM STATED IN THE PROSPi-ClUS, THE UNFORTU- NATE INVESTER BEING SWINDLED AT THE VERY OUTSET TO THE EX- IGENT OF THIS LARGE SUM. That of course is irrespective of the fact that many of the properties have since turned out to be absolutely valueless as mining lands. Here is the summing up on this point of the plea of justification put in by the publishers of The Gazette to Mr. Huntington's claim for damages : — " That by meaus of the aforesaid contriv- naces ani mls-representatiuus the said plalntlffsucceedrd tn imposiag upon the said two Companies, properties in Cauada by him '•epreseated to be of the vaUie of above one and ah If millionB of dollars; out of whiub the plaintiff himself received the greater part of the sum of £125,000 sterling, equal to about $625,000, for the said Huntington Mine ; and at ICHSt the sum of $323,000 out of the prices of the properties sold to the Canada Copper Pyrit sand Ch mical Company, malting in all a sum of $9:)0,(J00 or thereabouts. In Fdd tion to the bon^is and allowances of £3),000 and £15,000 sterling, equal to about $250,000. agreed to by the SHid Company which belug so added form the total sum of $1,200,000 received by said plaintiff and his said 1 '•Jfe^-S m^ )rs, and they es on account The directors I'er and above lanadian pro- vendors the expenses in- iring the pro- paid Canadian im of £35,000, LUDE ALL ROMOTION." were pressed nd that they at an ext-ra- the vendors eir actual cost, sion, and that, b be a valuable '£ROF FACT ' PAID FOR LS $333,«00 STATED IN E UNFORTU- J SWINDLED TO THEEX- 3 SUM. That jtive of the he properties • be absolutely I. Here is the of the plea of le publishers of tington's claim foresaid contrlv- tions the said )K upon the said a Cauada by him i.'ue of above one s ; out of whloh the greater part , equal to about Lon Mine ; and at t of the prices of Canada Copper any, making In )r thereabouts, and allowances ling, equal to e 8Hld Company the total sum of ntiffand his said 1 8 asROclate. AND THAT IN LFSS THAN TWO YE A PS FROM THE TIME OP • HE FORMA- TION OFTBESAIDTWOCOMPANIES.THE STOt KHOLDERS THEREIN, BY RKA'-O n OP THK FALSE REPRE ENTATI0N9 OP THE SMD PLAINTIFF AND THE COM- PARATIVE WORTHi ESSNE^a OP THE 8a ID MINES AND MINING PROPERTIE-* SUSTAINED A L0H8 OF 9440.000 STER- LING, IN THE CUMRENT AND ORDINARY V\IUB OF THEIR SHARES THEREOF, EQUAL TO • 1,200.000. That since th<) said period the said depression has continued and greatly Increased. And that the whole of the said mining properties, Including the said Huntington Mine, are unremutieratlve, are practically worthlesR, and now represent but a small fraction of the original nominal value paid for them by the bona fide stockholders thereof." Recent investigations have shown that the swindle involved in these transactions was even more barefaced than has been supposed. In the prospectus of the Hun- tington Mining Company is the following- passage :— " The purchase money to be » paid for the mines is £125,000. This in- " eludes the whole working plant, steam- " engines, water wheels, crushing mills, " and dressing machinery, offices, dwel- " ling houses, AND ABOUT 5,000 ACRES «« Of'fREEHOLD land in THE SAME "TOWNSHIP, A GREAT PART OF " WHICH IS HEAVILY TIMBERED— " all of which will be valuable for the " purposes of the mine and for fuel. "THESE LANDS, THOUGH LITTLE " EXPLORED, ARE KNOWN TO CON- « TAIN MINERALS, AND MAY THERE- " FOR ' B! COME A VALUABLE ASSET " OF THE COMPANY." In the inves- tigations which have been taking place within the last few months, as to the real value of the assets of the Com- pany, the character of these five thousand acres of land has been carefully exam- ined. One of the oldest land surveyors in the Townships, a gentleman of the highest character and respectability, was employed to explore and re- port from this " valuable asset of the Company." His report has the endorsement of two gentlemen, one resident in Magog and one in Bolton, who are well known political friends of Mr. Huntington, and whose perfect com- petency to Judge of the value of such lands even he would hardly venture to dispute. THEY VALUE THESE FIVE THOUSAND ACRES OF LAND AT ABOUT 94,000, AND WITH THE CRUSHER, THE MILL AND WATER POWER, ON THE PROPERTY, THE VALUE AS AN ASSET IS ESTIMATED AT NOT OVER NINE THOUSAND DOLLARS I What does •the reader think was the sum charged by Mr. Huntington for this property when selling it to the Glasgow people? NO LESS THAN £10.800 STERLING, OR FORTY- NINE DOLLARS AN ACRE, SHOWING A CLEAR SWINDLE IN THIS TRANS- ACTION ALONE TO THE EXTENT OF NEARLY A QUARTER OF A MILLION OF DOLLARS! At a meeting of the Huntington Copper and Sulpnur Com- pany, held in Glasgow on the 27 th of June last, and reported in the North British Mail of the 28th June, Mr. Gray, one of the directors, who had been in Canada, made a statement, from which we quote as follows : — " Mr. A ndrew R. Gray reported that at the request of the directors he had visited the mine in Canada. He had only returned three duys ago, and had not, had time to prepare a morfal report for the meeting. He had ac- quired very valuable Information regarding their property and Its history, but It bad not yet been submitted to his co-directors, and it tbereiore appear^ d to h 1 m to be some« hat pre- mature In ihe present "ircumstances to lay the information before the meeting. He would, however, be glad to answer any ques- tion if he could do so without injuring them- 8elV):S as a company. He had visited all their property that was accessible to ordinary per- sons like himself (laughter) AND IT WOULD NO DoUBT SURPRISE M ANY OF THEM TO KNOW THAT WH.AT WAS DESIGNATED ASV LUARLE.HBAVYTIMBEREDLAND, FOR WHICH THfeY PAID $47 PKR ACRE. CONSISTED OF SWAMP* AND HIGH ROCK ', AND W \S TRULY DESCRIBED jN THE GOVERNMENTRttCORDiAS WASTB LAND j. (Laughter.) H« had gone through /ao^^^i -1 .^^41 all the workings of tbe mlQo, and It wa» only too evident that but a small portion of the 2,(i00tOD8 per montli which were pro r is d in their prospectus could be obtained notwith- •tandlnt: all the expense they had b cuai. In opening It up. " That is the statement of a gentleman whohadjuat returned to England from Canada, and it is an additional proof of the character of th''s transaction. One feature of this transaction is wor thy of special mention. In the case of the Huntington mine, nominally owned by a Company, Mr. Huntington's plea is that he simply gave the iufoi%iation obtained from experts, and was not in any way responsible for its accuracy. It is known that this plea is a false one ; that some of the statements made in the prospectus related to features concerning which Mr. Huntington had full knowledge and the assertions in relation to which he knew to be untrue. But there '•» no ex- cuse in the matter of these five thousand acres of land. HE KNEW THESE TO BE PRACTICALLY VALUELESS ! HE KNEW THAT THEY WERE OX RECORD IN THE CROWN LANDS OFFICE AS WASTE LANDS! AND HE KNEW, MOREOVER, THAT SOME OF THEM HAD ACTUALLY BEEN SOLD AT ABOUT ONE CENT AN ACRE! AND YET HH;, ACTING IN THE DOUBLE CAPACITY OF VENDOR ANDTRUVFEE FuR 'J HE PURCHAS- ERS, DELIBERATELY PUL' TIIEM INTO THE CONCERN AT NEARLY A QUARTER OF A MILLION OF DOL LARS IN EXCESS OF THEIR VALUE, Was ABLE TO POCKET THE INFA- MOUS PLUNDER THUS OBTAINED FROM UNSUSPECTING DUPES ! It is claimed by Mr. Huntingcon that in the case of the Copper Pyrites Com- pany, the suit brought against liim has been withdrawn, and that a letter of apo- logy for anything which may have ai)- peared to reflect upon his personal char- acter, has been voted to him by the Directors of the Company. That was action. But it that no ore has the reason that his defence, delivered in his most sono- rous tones, in the House of Commons last session. One wonders at the bold effrontery of a man who can put forward such a defence. It is true that the suit has been withdrawn ; but it cost Mr. Huntington and his associates a pretty round penny to secure its with- drawal. MR. UUN'I INGTON HIMSELF PAID FORTY THOUSAND DOLLARS TO AT PA IN THAT OBJEC I'. I T WAS ATTAINED BY THE ORIGINAL PRO- MOTERS BUYING IN THE SHARES AT 'I HEIR REDUCED FIGURE, OB- TAINING IN THAT WAY A CONTROL- LING INTFRE-^r, ELECTING THEIR OWN DIRECTORS, AND THEN WITH DRAWING, WITH A FLOURISH OF TKUMPEiS, THE SUIT AGAINST THEMSELVES ! It is true that any single shareholder could still take an is not surprising yet done this, for he would have to tight the battle with his own money against the Company, hacked by the money of the shareholders. The same game that was played, and so far successfully played in connection with the Copper Pyrites Company, is now attempted to be played with the Huntington Tlining Company. Mr. Huntington evidently understands the game. He treats with tlie most magni- ficent indifierence all suits brought against him, and simply watches and aids the manipulations by which the prosecution is bought ofK In this case, as in the other, the original directors, although but victims of the falsehoods of Mr. Huntington and his immediate as- sociates, are still in law liable, and they are naturally anxious to prevent any further prosecution of suits which must inevitably tend not only to their pecuniary loss, but to the leshcning of the prestige which they originally enjoyed with their fellow coun- trymen. At the meeting to which w© have referred, as having been held in Glasgow on the 27 th June, Sir James Bain, who has had a painful experience in connection with this business, and who would do almost anything to see the end of itj made a strong appeal in favour of stopping the suit, and a resolution in this direction, in amendment to the re- port, was adopted. This proceeding has aroused a strong feeling. At an adjourned meeting held on the 25th July last, an appeal was made to have the question re- openeil, but upon the technical ground that the meeting had only been adjourned to consider the accounts of the Company, the Chairman choked off discussion. The result has been the issue of the following circular, signed by a number of the pres- ent directors, and which lets a flood of light in upon the method adopted to se- cure a repetition of the game played in the case of the Copper Pyrites Company by the withdrawal of the suit: — 119 Port STR^Er, \ Glaseow, 13th August, 1878. i To the Shareholders of the Iluntinytuii Co/iper and Hulpliur Company, Ltmitid ; Gentlemen,— We beg to request your spe- cial atlentlou to the fact iliat the extraordi- nary general meeting, refer letl to In the ac- companying notice Is calhd for the express purpose (( obtaining, by means of voting power, the withdrawal of the act! )ii presently pending at the instance of the Company against the original Directors and the vendors of the mine. The ohjectof that action Is to reduce and set aside the purchase of the mine, and t » i ecover from the delenders the sum of £150,000 sterling. The grounds of action are fully detailed In the condescendence lodged for tlie Company, and being already well-known to the shareholders It is unnecessary at present to reier further to them. A com nrlttee of investigation was appointed by the shareholders at their general meeting, held on 30th July, 1875. The committee in De- cember, 1875, reported fully the lesu't of their investigations, and subsequently the share- holders In general meeting, held on 24th July, 1877, unanimously instructed the Directors to raise the aciiou referred to. We are decidedly of opinion that the true iuteres s of the independent shareholders will be sacrificed if thd resolution referred to In the requUltion is carried, and we f«el boand to use all legitimate means to defeat ttsobject. Much additional and valuable in- formation bns been obtained since the institu- tion of the action, all tending towards the Company's ultimate su 'cess. That success, however, depends in a great mensure on the cordial support and co-op-'ratlou ol the inde- pendent shareliol lers, and it Is soaicoly ut- cessary for us to point out that the successful prosecution of the action will result In the re- covery by the Company for distribution amongst the shoireholders of a sum greatly in excess of what they can possibly realise by disposing of their shares. It is a Blguincant fact that all the shares held by the requlslonlsts, except two, wuo.se holdings are trifling, have been acquired by them since May, lb77, and not only so, but tha'. the voting power represented by the orlginjil directors and their friends, Inclndlng th re- qulsitionists, at the ordinary aunual general meetlitg of the shareholders, held on 27tti June, 1878, was S,88i shares, <>t whicli above 7,BU0 were acquired aftyr May, 1877, by which time the defenders had come to know that we were determined to vindicate the Just rights of the independent shareholders. Tlie voting power thus acquired, although undoubtedly very great, will not suffice for the attainment of the defenders' purp )se if the independent sh.irehold-rs are united in their determina- tion to have the questions at issue !Kettl*-d on their merits. It will be recollected that at the meeting referred to an attempt was made to get quit of the action. The failure of the attempt then was no doubt the cause of another meeting being called now. If the defenders ijally felt the oonfldenco they profess 1 *. Justice of their deftnoe, they ought, we ink, to court raihsr than evade Judicial enquiry. ^eelbg the vital Importance of the yot» a the meeting, we urgently request that you use every endeavour to be present, and that whather you intend being presenter not, you will without fall sign the enclosed proxy in favour of Mr. James Wright, the Chairman, and Mr. W- A. Hmlih, a Dlrtctor of the Com- pany, and send It bj/ return ■/ post to the Jjecre- t iry. We liave no pers ual interest to serve in this matter, but we cannot too strongly re- peat our conviction that Justice will not b« done either to the shareholders or to the de- fenders themselves if the resolution is passed. Ttie proxy require.s to be sign d by yourself, and your sign iiure to be atlefie i by oni' witrw.nii at least, the law in regard to such proxies being different from railway proxies, which require no witues.s. We are, Your obdt. .servants, J \ M K ■* W KIQ -» T, I hairman, WM LOWSuN, Director, ANDUKW ■<. GKaY, Director, WM. ALEX. SJtllTU, Director. I P.8.— Tbe following extract from Lord Young's decision requiring Mr. Henderson, one of the defenders, to pay to the Onmpaxy £10,000 promotion money he re^^elved from the vendorM Is worthy ~>t }our peru<)al. ihe shareholders will recollect that all the origi- nal directors, with the excr-ption of Mr. Wil- son, received promotion money ns well as iMr. Henderson whose £10,000 Lord Deas said, oould not, *' be called by any other name than that of a bribe." [BXTRACT FROM LORD TOUNO'3 DUCISION.] " I regard the case as a veiy clear and even " gross case for the application of a familiar " and well settled rule of law. And with re- <• spect to the remedy (which I have here *• gly«'u to the extent asked), I desire to say " that I am not of opinion that the law affords " no larger and more complete remedy tban " depriving the trustee of the profits which " he has personally made. If a private Indl- " vldual should discover that bis factor or " agent bad betrayed him Into the purehase " of a property, effected on his advice and " through his lnstrum*^ntallty, In pursuance " of a secret agreement with tho ».eller to " share that price with him, I am not of opln- " Ion that the remedy Is confined to compel* * ling such factor or agent to give up so much " of the price as he had received. On th4 cou- " trary, I incline as at present advised to " think that any one who discovers that he " has thus been defrauded may. If so minded " repudiate the purchase altogether, and seek " oomp ete redresa against both the seller " who seduced his agent and iheag>^nt who "faithlessly yielded to the seduction. A. " Company is In no different position with " respect to its directors ; and If It sliould ap- " pear that a party having property to sell " tempted the directors of a Company by per- " sonal bribery to buy It for the Company, I " cannot permit myself to doubt that the " Company might, on discovering the fraud, " repudiate the transaction and seek complete " redress against ali concerned In it." In addition to that, tiie following cir- oular has also been issued to the share- holders : — "No. 1 Threadneedle street, London, E.G., 28rd .luly, 1878.— Dear telr,— Being a small shareholder of the Huntington Copper and Sulphur Compaoy, and representing several others, I, soraed^ys ago. In Olasgow, met the present di ector-, and hod a full exposition from them of their contest with the old direc- tors, with a careful and confidential discussion of the I eansto be used for securing the Inler- «stsof the bona ytcJefehareholdeis. It would be unwise to publish details, but I think what follows should be known to you, viz :— 1. The pre lent directors are seriously and firmly de- termined to proceed with the action raised by order of the shareho'dors against the old directors and promoters of this company, and declare I hemoclves sa' lotted tbat they will sue- oeeil. If supported by the shareholders. 2. The majority at the recent meeting was pro- cnred by means almost or altogether unpre- ccdeutt d, namely- by the wholesale purchase of shares which have been registfred In the names of the relatives and friends of the old directors. The 86 proxies In support of the old directors represented ^8.S8 shares. Of these, about 650 were held i>y these old directors themselves, and only about ten others, hold- ing scarcely 55U shares in all, held any of them prior to May, 1877. The others, above 70 in number holding about 7088 shares, have bought their shares, or had theise put into their names since t' at time, and In lots almost uniformly of lUU shares ea<.-h, so as to magnify thf^lr voting power. It Is curious, and can S( arcely be accidental, that In this short period nine Mortons (besides your o'd director of that name) should have thought tit to acquire exactly 1(H) shares each ; besides two Hender- sons and two Bains, another Bain getting ouly twenty shares— all besides the old diiectors of these names. Some other names are also similarly repeated lor 100 shares each. All this Is very odd, and suggests that these people must have some Joint, special and strong reasons for acting In exactly the same way; and that the other people who sold them tt o.se shares should have kept their shares. Unless some conslderat»le profit was to be made or some h avy payment avoided by purchasing these shares, they would not havb been i>o widely and uniformly bought by so many well-lnf rmed people. These Independent shareholders who have kept their shares may still look for that large profit or payment. The object of those who directed the move- ment has evidently been o acquire a majorl'y of voice and so to control the company's pro- ceedings and funds, stop the action, and get the command of the considerable sum of money now lying In your bank account, about £ll,'i(K), with which a loiig dolence against your past claims may be carried on at jour expense. Your directors being taken unawares at the recent meeting, were not ready w th these singular facts, which have been learned from a return which I requested the di- rectors to procure. But no stat ment or argument would have lessMied the efTect of the proxies from this care- fully created body of sharrh Iders. In pre ence of such unprecedented proceedings, It seems to be the duty and Interest of every mdependeut shureholder to support the presem. directors, and to refuse to sell shares which are still being sought for. By holding them firm, and sticking togeth r, the lu- depudent shareholders will doubtless obtain a very great deal more than by selling. You oannot doubt the opinion which a Jury will orm of the proceedings above described. Almost all the Innepeudent voters— those who held shares before May, 1877— either supported the present directors at last meeting or re- mained Inactive, neglecting to vie. The number o' these shareholders not voting Is oonslderably greater than tue number who sent votes for either side. If neat time they send their vote^ promptly to the proNent directors, they will be f^r more than sufll- clent to defeat even the huge attiflclal phalanx or the new shareholders who have given their names to support the original dlrec ors a d promoters OF THIS SCaN- DALOUd OOvlPANY. , Your obedient servant, JOHN M. DOUGLAS. That is a good name "Scandalous Com- pany." That it should be applied to a Company promoted by a Canadian Min- ister of the Crown, is a matter for shame and humiliation to every honest Cana- dian. But Mr. Huntington whines to his friends, declaring that all this is a mere matter of political persecution got up on this side of the water, as a punishment to him for having moved the Pacific Scan- dal resolutions. His statement last session was thai he bad never heard a complaint of the matter from the share- holders or directors, until after it had been mentioned in the House of Com- mons by Sir John Macdonald. That such a statement should be made is proof of the tremendous confidence of this man Huntington is the gullability of his po- litical friends. It is surely too much that the people of Glasgow, subscribers to this " scandalous Company," should be supposed to be so much interested in the success of the Canadian Conservative party, as to have got up all this indigna- tion and submitted to all this serious loss, simply to help Sir John A. Macdon- ald. HBRE, HOWEVER, IS THE PROOF THAT MR. HUN'JINGTON WAS GUILTY OF DELIBERATE FALSEHOOD WHEN HE STATED THAT HE HAD HEARD NOTHING OF ANY COMPLAINTS UNTIL AF- TER HB HAD MADE HIS CHARGES IN PARLIAMENT. Those charges were made in April, 1873, and yet in November, 1872, six months before the charges were heard of, he was answering complaints as follows : — SloNTRBAL, November 14th, 1872. J. R. Cunningham, Jr., Eaq. Drar Bir,— I have the honor to aclcnow« le ige your letter of the 2nd Instant, enclosing extracts from Mr. Taylor's letters, and I note the request of the Directors that they may hear from me (flrist) as to the American tariff and (secondly) as to my representations as vendor and discrepancies suggested by Mr. Taylor's report. As to the Amerlcaa tariff on pitospbates, I did not al the time of the sale know what It was, and there Is, 1 think, strong reason to hope that It will soon be mo- dified, both as to phosphates at?d copper. At the present moment copper smoltintc In the Eastern States has been almost abandoned, but in former years I sent large quantities to Kaltlmorc on whlc ^ the purchssers paid half the United States duties as value for the sul- phur In the ores. tiecondly. As to the discrepancies between the descriptions of the properties and the facts 1 do not think Mr. Taylor Intended to convey the Idea that an> existed. He wrote at the flrst blush and (as I know for the first time from your letter) did not take a sanguine view of what he s-iw. Mr. Taylor is now in the West, and I think it would be unseemly for me to enter iuto controversial discussion of his statements at this early stage. I have no hesitation in stating that there will be found no serious discrepancies between the repre- sentations of i he vendors and existing facts, and I have no doubt that Mr, Taylor's re- ports from time to time will prove this amply. TQe DireGt'irs will observe that Mr. McEwen and myself were only nominally vendors. vVE MERELY UNDERTOOK TO CONVEY TO THE COMPANY THE PROPEBTIEi FOH WHICH WE HAD TAKEN OPTION3 AT rHb.PKICE!iWE HAD AGREED TO PAY, NOT BECAUSE WE WERE MAKING MONEY BY IT, BUT BECAUHK SOMEBODY HAD TO TAKE THE i O.SlTION op VEN- DOR'ilN THE CONTRACi'. We gave you, moreover, all the knowledge we had our- selve , viz., that acquired from skilled and reliable engineers. You have thus acquired a vast property worth immeasurably more than you had paid for it, couslsling, as you bad stated in your prospectus, of properties, " some well developed and others showing in- dicatians of great promise." Very truly yours, (Signed) L. S. HUNTINQTON. 8 ^ We have already shown that bo far from its being true that Mr. Fluntington made no money. HE AND HTs aSSOCI- AIE MADR OVER Til hEE HUNDRED THOUSAND D (Ma US IMPROPERLY ON TH'8 TRANS \CriON. But this letter is the answer to the statement that no complaints were made until after ae bad moved his P^icitic scandal resolu- tions. But as to how his conduct was viewed in England even by his brother directors, may be estimated from the fol- lowing extract from a letter from one of those directors dated 26th December, 1873: " A very reinurkublo aod simplclous affair, whifli, I think, liMS boon now mentioned to you for the tlrst lime, and which to me, pro- bably more than to the other dlreotorw, except McEwcn, shows me the mind «)f Huntington all through this allair. fcach of the Directors put their names down for l.OiiO Hhares, signed their applications, paid their deposits and calls— all except Huntlniiton. He never ap- plied for shares. McEwen did for him, but Uuntlngfon never signe l the it tter of appli- cation, he Is not logalyeven a shar-holder, and much less a Director. To all the secre- tary's applications tor calls, he has never an- swered a word nor acknowledged himself a bhureholder. We refused to give up the £60,0(jO fully paid shares to McKwen unless these calls were paid, and the end of It all was that, to save the company, I had to purchase 1,000 shares from McEwen, £6 paid for £1 a share, and now hold nearly 3,00;) bhares, mostly bought up from people— friends In dis- tress. I \A QIJITR Ct.E.VR THAT HUNT- ING r. tN ALL ALONG KNEW TH A'l' IT WAS A GROSS SWINDLE, ANDKEPTCLttAROF THE SHARES. HE HAS LE *.\LLY iVEV WK BEEN A SHAREHOLDER, AND HAS CRUKLLY FLEECED ITS. AND THIS IS THE VI AN WHO sETSUP FOR THE SIMON PURE OF CANAKA! HOME PEOPLE SAY THE JOHN BKIGHT OF CANADA. YOU AND I, AND EVERY ONE WHO H A.H ANY HONfSTY OF PURPOSE, SHOULD BEMD ALLOURENKHGIESTO EXPOSE SUCH A MAN." We submit these facts for the informa- tion of our readers, and especially for the information of Mr. Huntington's personal organ. We ask them what they think of a newspaper, which not only supports, but is said to be partly owned by the hero of these *' Scandalous Com- panies," venturing to apply the term " COMMON CHEAT" to any public man in Canada. Mr. Huntington woa able to float these "scandalous companies" because of his position as a public man in Canada. Sir James Bain, in his defence of his own participation in the matter, at the meet- ing on the 27th .Tune last, expressly stated that it was the information ob- tained from a Canadian house in Glas- gow that Mr. Huntington was " a mem- ber of the Canadian Parliament," that among other things led him to embark in t, and to give the influence of his name. This man, therefore, whom the Liberal party in Canada delight to honor, was guilty not only of a miserable fraud and swindle, but he was guilty of prostituting the i)Osition which he held as a public man in this country, the better to enable him to do it. He is swelling it to-day with the importance ot his ill-gotten wealth ; but if there is a just Heaven above us, the wails ar d miseiies of widows and orphans, tempted to put all they had into their "scandalous companies," in the hope of large returns lyingly promised them, must sooner or later be avenged. •1* Published by T.,i6 JR. WHITE, "THE GAZETTE," MONTBEAL,