M'arthur Democrat. (McArthur, Vinton County, Ohio) 1853-1865, 1856-08-21
More Of FremOmt's Financial
Transactions.

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The writer ofthe money articles in the N.
York Day Book continues to follow up and
expose the financial transactions of Palmer,
Cook, fremont & Co. He says
"There has not been, so far as we can yet
learn, any accoun. received Of any remittan-
ces BY Palmer. Cook & Co., to pay the divi-
dends on the California securities, the money
for which they received and which they fail
ed to pay over on the lsi inst, when due in
New York; neither have Messrs. Palmer.
Cook & Co. published card or offered any
excuse for their deialcaiion, although one Of
their firm is In Washington, attending to
log-rolling land claims through Congress.
and they have also an sged resident in this
city in person OF a Mr.. Cook. 40
'This defalcation has been one of peculiar
hardship to many poor families in N. York.
Gold-dIggers and aboriDg men in CaIifor-
MIA were, in many cases, induced to purchase
California per cents, and San Francisco
city 8 per cent. bonds, and remit coupons to
their families for their support, instead Of
sending gold dust. The wife ofa California
citizen called upon MIR. Cook, .he reputed
agent of the firm in this city, with coupons
she had received, and wished TO get the mon
ey for them, when she was told that he had
none to give her. 'What shall do with
the coupons?' said she, shall send them
back, or keep themY 4 cannot advise
YOU said the agent, you must do just as you
please And this was all the satisfaction
she could obtain. ..-.....
"The news ofthe non payment ofthe lst
ofJuly. dividends, in this city, by Palmer,
Cook d Co., had not reached California, and
we shall not probably learn its effect in that
State until the next arrival from San Francis
co, which will be between the 5th and 10th
OF August The interest on the unpaid divi-
dends now amount to about $500. No de-
NAL has been published by any member of
the firm Of Palmer, Cook & Co., or by Col.
Fremont or BY one under their direct au-
thority, Of the assertion that Col. Fremont
is the partner OF the above firm, in The Bar
ron and Bolton and other land claims in CAL
ifomia, besides the Mariposa grant. The
truth is, they cannot SUCCESSFULLY deny it,
They are partners, to all intents and purpo..
ses, In grand and extensive land jObbing
speculation, including large number of
land claims trumped up in California, and
which !hey are endeavoring to get confirmed
in Washington. These gentlemen not only
go in for free possession Of lands, but they
30 in also for freedom for taxation,
"While Palmer, Cook & Co, lin California,
resisted, by legal injunctions and otherwise.
payment Of $4,000 State tax imposed on the
Mariposa land grant. we find that Col. Ere.
mont, on the oath of June, 1856, went be-
fore Tax Commissioner J. w. Allen, for the
city OF New York, and swore off the per-
sonal taxes for which he had been assessed, by
making an affidavit that he was not worth
dime over and above his debts and libilities,
and had his name erased from the city tax
books. Notwithstanding this, he went into
Wall-street seven days afterward and offered
his noleS, through friend, to raise loan OF
$50 900, with which to save the credit OF his
partners, Messrs. Palmer, Cook r Co."
The cause of the failure of Palmer, Cook
& Co. to pay the dividends on the California
securities which had been transmitted to them
lies undoubtedly, ,inthe fact thatthe money lad
been spent in clectioneerlng purposes, Many
papers have been bought up outright and
induced 10 come out for Fremont, while 9TH
ers have had their zeal stipulated by large do
nations. The Black Republicans are unusu-
ally flush in money, and are spending it free
ly. Palmer, Cook d Co., and the Kansas
aid swindlers can undoubtedly tell where it
comes from, and the object sought to be at
tanned. Never in the history OF this country
was there such grand scheme perlecttsS9t-6iy
stock-jobbing political aagspt6f5Ys 70 get the
Government to forward their mercenaTy and
personal ends, as isnow sought to be ac-
complished by the election Of Fremont
The people, when they understand the game,
will take care that it does not succeed.