The Placer herald., 1856-08-16

money IN them; but at length suspicion Oi
fraud became so strong, that Fremont, Wright
and their conielerates had to escape secretly
from Eng land. Fremont leaving his wife and
children behind him, to follow on the next
steamer as blind to prevent pursuit and ar
rest, before sailing, to avoid a prosecution
for swindling for which, if they had been
caught, they would have been convicted and
sent to Botany Bay. In Europe, before their
escape, and afterwards in the United States
these adroit financiers rioted on their ill-got-
ten gains. Fremont is said to have expend-
ed twenty-five or thirty thousand dollars in
Europe, in few months.
The pckngs of these operations were soon
exhausted in the fraudulent and unsuccessful
speculations of Palmer, Cook & Co., and by
fremont's eXtravagances, and in a state of
utter desttutlon Fremont presented himself
before Congress in 1854, begging for an ap-
preparation to pay for his beef contract He
represented that james King of VIM. had
sued him on the $40, 900 advanced on these
drafts, obtained judgement, and bought his
Maripesa Claim for less than a thousand dol
lars, and unless Congress gave him relief the
time of redemption would expire and it would
be entirely lost to him,
BY the most deXterous and unwearvine lob
byng, the bill passed Congress, and Fremont
turned up' again, millionaire. He redeem
ed the Mariposa claim; bulied Corcoran &
Riggs OF Washington city, who held the
claim of James King of Wm., into reduc-
ton of from twenty to thirty Thousand dol
lars on the amount due; through his partners
al g. Z
from whom he bad purchased the cattle, and
who had so patiently waited for their money
forcing them to take half that was due them
or get nothing, Cor Palmer had skllfuv had
the deed for the Mariposa claim made to
himself personally, and at the same time
took a confession Of Judgement from Fremont
to his house for upwards of SIS, 900, to bear
three per cent per month interest until paid,
SO nothing could be made out Of Fremont)
and his creditors had to take whatever Palm
er, Cook ~ Co., offered or get nothing In
this way most of the appropriation made by
Congress was secured to Palmer, Cook Il Co.,
which saved them from bankruptcy two
years AGO. Since then Fremont has been
their agent in the Eastern States, receiving
thousand dollars per month from Palmer
Cook IL Co., to enable him to make show
of wealth, and thus aid them in their nego-
tiations. Fremont, Palmer and Wright spent
the summer and fall OF 1855 in the Eastern
States trying to raise money on the Maripo-
81 and Bolton d Barron claims But their
most strenuous eXertions and expertness fail
ed them. and Palmer came home toiled.
Here his fortunes and that of his House, he
found in desperate condition owing to the
exposures Of the BuiLetin. Orders were i'm
issued by him to Fremont and
Wright. to turn Black Republicans, and by bri-
berry, and every available means, accomplish
~ e'~~e;o.- & 20 Il Republican Speaker.
The money Of Palmer Cook u Co, clectod
Banks, Speaker Now for the reward. Banks
so appointed the Committees as to secure the
reporting of a bill to confirm the Bolton
& Barron claim, outright, without going
through the ordeal Of the United States
Courts. They found a convenient tool in
Phil. Herbert, to offer this bill, and to lob
by it through the House, as he would GER
tanIy have done with the aid of Wright and
his partners in the claims Notwithstanding
the opposition Of Gen. Denver, but for Her
bert's having killed the Irish waiter. But to
return to Wright and Fremont. Their sue
cess in electing Banks cmbodened them, and
they struck for higher game, no less than
Fremont's nomination by he Black Repubi-
cans, for President. With such a nomina-
ton, the confirmation of the Bolton and Bar
ron claim by Congress, and the Marposa
claim by the Supreme Court, Fremont 1t was
supposed, could borrow upon these claims
,f fan I.D
negro worshippng associates; and Palmer
Cook u Co. would in reality be the Rolhs-
chiIds of America. The plan was well laid,
and now for its execution. AT his juncture
Selover appeared upon the stage, the very
man to carry through this villainous scheme.
Into this he entered with wild enthusiasm,
having oceans Of gold floating before his Wis
ion, if successful. But to get the nomination
money was first necessary, and money was
obtained and spent lavishly, poured out like
water. In this way a large portion Of the
money Of the State, designed to pay interest
on the Bonds, went. The Placer HeruI,
says, Selover expended $4,000. How much
Wright expended is not known. Success at
tended their efforts. Fremont was nomina-
ted by the liberal and scoundrelly use Of the
money Of the people Of Caifornia--pIaced in
the hands Of Palmer, Cook & Co., to pay the
interest an our State and other Bonds.
Diplomacy and negotiations are now re-
ouisite to the consummation of their com
pIicated and sinister schemes. But ten days
remained from the time OF Fremont's noml-
nation, until the interest had to be paid
plenty of time, so the consprators thought,
in which to attain their ends. But like
Biddle's speculation in cotton, with the funds
of the U. S. Bank, they tripped up in playing
their last card. Fremont could borrow no
money on the Mariposa claim. Horbert's
difficulty had blocked the game on the Bolton
E Barron claim, and the lst of July found
Palmer, Cook d. Co.'S agent without a dollar
of the 100000 placed in the vaults of that