Overview

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Emma Silver Mine was an attempt in 1871 by two American business promoters, Senator William M. Stewart and James E. Lyon, to make a profit by promoting a depleted Utah silver mine to British investors. Rampant financial speculation during the late 1860s and early 1870s occurred in both Europe and the United States prior to the worldwide Panic of 1873. In Spring 1871, promoters Senator William M. Stewart, Nevada, and James E. Lyon from Wisconsin attempted to sell a worked-out Emma Silver Mine in Alta, Utah to unsuspecting citizens of England. 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.

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