New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-01-30
Correspondence Of The N. Y. Tribune.


SAN Francisco, Friday, Jan 4, 1856.
The history of the affairs Of Adams & Co. since
their failure il most singular ene, such as no
other country than this could furnish. The credit
ore are likely to realize the fortune of the cats In
the fable, that called ON the monkey to decide their
cheese claim. BY the way, litigation in California
pretty sure to enrich none but lawyers and officials
lin which respect you will say this country is no
here with extraordinary force. Had there been no
lawyers Interested in prolongipg and embarrassing
the case it might have been settled long ago. Lat
terly the dispute has been between two sets of re-
ceiyers, and game is on hand in which receivers,
assignees, bankers, editors, lawyers and even
Judges are supposed to hold the cards.
At the time of the failure of Adams & Co. Mr..
PARK, who had been counsel for the house, OBJ
tanned possession of note for SIC, 900 which he
owed them for borrowed money. When Mr.
Cohen was appointed Receiver he discovered TINS
fact, and on the affidavit Of James King OF VIM,
who had been Confidential Clerk of the house, that
Mr.. Park had obtained the note by threats and ex-
tortion, Mr. Cohen entered suit against Park for
its recovery and had him arrested as he was about
embarking for the Atlantic States. tie also a.
tempted TO have his name stricken from the roll Of
attorneys for his dishOnorable conduct. This was
q most unfortunate movement for Mr. Cohen
Park swore revenge aud has followed out his pur-
p0se with desperate effort and not without cOnsd'
cradle success. Had Cohen felt less confidence in
himself and in the justice of his cause-had he,
instead Of attempting to recover the $1,000 al
lowed the cunning and needy attorney to get an
other $4,000, we should never have heard Of
bogus gold dust suits and new receivers, and con-
tempts Of courts.
the choice fell upon Edward Jsnes (of the banking
house Of Palmer Cook & Co. Roman and Cohen
Prior to the failure Of Adams & Co., Cohen had
arranged his business, preparatory to leaving with
his family for New.York. In pursuance Of this
design, he paid over the funds in his hands ss Re-
eever 10 bis associate assignees, presented his &C
courts to the Court, which were approved and
applied TO be discharged But Mr. Park now
representing Alvin Adams as against the California
house Of Adsms & Co., threw distractions in the
way, and had the accounts reopened. Aud again,
rs Mr.. Cohen wa about to embark in the steamer
Park had him arrested on that romantic affidavit
of Judge Chambers, charging him, in connection
with Isaac c. Woods of Adams & Co.. with hav
ing sold to Page, Bacon & Co. gold dust of infe
Nor quality, or chemically altered in appearance.
Judge Chambers ayerred In his affidavit that this
practice had been carried on for FIVE years, and
that the house Of Page, Bacon 4 Co had lost by
It 5000 Strange TO say, he referred for the
proof OF the charge to James King Of VIM, who,
BY this time, had become the bitter enemy Of
Woods and Cohen and the bosom friend and CO.
adjutor of Park. But King, when called on de-
MED any knowledge of the transaction, declaring,
however, in card, that be did know many terri
BILE things about Woods, which he would divuge
ct the proper time.
As the charge of Judge Chambers was based
only on hearsay testimony, the Court very prop
erly refused to hold Woods and Cohen under ar
rest But the intention of the NOV ement was in
some degree accomplished, viz. 10 injure the rep
utation Of Mr.. Cohen abroad where the gsme was
not understood. Woods had fallen, and, though
though Cohen never had any connection with him
In business, the two were to be identified as much
as possible, so as to affect the reputation of the
latter. The suit will never be prosecuted-it was
never the design to prosecute it. No sensible
man ever believed 1t possible that the great house
OF rage, Bacon & Co., the leading bankers and
dealers IN gold dust in California, were so insane
y stupid, 90 infamoasly ignorant Of their business,
as TO allow themselves to be swinded day after
day. for the space Of five years. out Of nearly half
million Of dollars and never discover their loss
all some months after their failure, The animus
Of the suit was well expressed by legal partner
Of Park, who declared, in polite language betting
The occasion, that all that was expected was "to
raise q SIX"
Knowing whom be had to deal with, and what he