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Emma Silver Mine
The Emma Silver Mine is a currently inactive silver mine near Alta, Utah, in the United States. The mine is most famous for an attempt in 1871 by two American business promoters, including Senator William M. Stewart and James E. Lyon, to make a profit by promoting the depleted silver mine to British investors.
==Origins==
In the Spring of 1871, promoters Senator William M. Stewart of Nevada, and James E. Lyon from Wisconsin, attempted to sell the "worked-out" Emma Silver Mine at Alta, Utah to British investors. Lyon owned the mine along with Trenor W. Park and Henry H. Baxter at an estimated $1.5 million worth. Stewart had been sending bogus ore samples from other deposits to get people in England excited about buying out the Emma mine. Stewart claimed that the mine could be sold for $5 to 8 million in England. As a reward for Stewart's effort he was to receive a percentage of the profits from the sale of the depleted silver mine.〔McFeely (2002), Grant: A Biography, pp 328-329〕〔D., E.G. (NYT) 1893〕〔Emma Mine Scandal (NYT) 1876〕
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