Daily American organ., 1856-08-15
The Swindling Operations of Palmer, Cook
81 Co.-Jno. c. Fremont's Completely.


From the Albany Statesman.
The article quoted below from the United States
Economist, journal of high standing, especially in
the business and commercial community, makes
disclosures of transactions with which John c. Ere.
mont is connected of the most startling character
In view Of what is here said the intelligence from
California will be awaited with interest. Fremonts
coming to New York and taking up his residence
there, has long been known to have some connex-
Ion with the schemes Of Palmer, Cook, & Co.
schemes which in some respects had already come
to be of so questionable character as to cause
honest men to stand aloof As silent partner in
the concern, Fremont could facilitate their opera
tions by residing in New York, and this we are all
well assured is the whole secret of bis change of
residence.
We are greatly mistaken If the public mind is
not to receive disclosures that will more fully than
anything yet illustrate the folly Of "new men, ex-
periments in conneIion with the Presidency.
"When the news arrived of the late revolution
in California, the vigorous and righteous action OF
| the Vigilance Committee met with one response
The necessity for the defensive action of the peo-
pie through vigilance committee and against the
| corruption and iniquity with which they had been
overrun and oppressed, was acknowledged with
one accord. Gradually, however, facts seem to
point to the source of the great evils that have
been experienced in that country. The food Of
COTIuphou WHICH secueu uniNefsAl IN Lne StAt6
has apparently been traced, and proves unmis-
takably in narrowing the circle around the house
Of Palmer, Cook, & Co., the defauting agents OF
the State. The house is alleged to have placed its
own creatures in every Office Municipal officers,
judges, members Of the Legislature are all said to
have depended upon this firm.
Having the State authorities in its till, IL sent
one of its members to Congress, and another to
the United States Senate. Two years ago il failed,
In scandalous manner, to pay the State interest
This Legislature, alleged to be its own creatures,
white washed the affair. II has now failed again
with the State money in its possession. The news
Of the fact has now returned to California, where
the committee rule. The committee with it's re-
sistless power and accumulated acts will not fail
to investigate the matter, and the whole connex-
ion Of Colonel Fremont with that house, from the
requirement Of his claim 10 lands in California all
through the prosecution Of that claim his election
TO the United States Senate and the efforts lately
TO sell his own notes In Wall street to cover the
defalcstion Of the firm for the State interest Ii in
danger of being laid before the world, hence the
anxiety with which the Fremont papers, led of
by the Courier and Herald, are taking ground
against the San Francisco vigilance committee.
One member Of the firm is now in Washing
ton attending to . bin before Congress in relation
TO the Bolton 4 Barron grant Of land. On the
passage o. the bin the patent for the snds is TO
issue, and then, IL has been stated Palmer, Cook,
Co, viii be required to make large payment 70
fulhl contrscts To make this payment IL has
been alleged, the State interest money and other