The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1856-10-01
FREMONT IN CALIFORNIA.
The Nariposa Candidate at Home
His PecuIations Exposed by those
who KNOW the Facts.
ooh. no, what a nominee
Is Jake Fremont Of MahpoEse."

The last mail from California brought the fol-
lowing expose of Fremonts financial operations
in that country as testified to by those who
know all the facts. 1t was published in the
Daily Globe and re published throughout the
State without as yet one word Of contradic-
ton.
Here it is:
Fremont and his Friends.
"Thc name of Col. Fremont has been con-
nccted with the house Of Palmer, Cock 70.
in the financial operations of that concern
The onlyconnection between this banking house
and Col, Fremont is the Mariposa estate They
are interested in that property. Messrs. Pal
mer, Cook &, Co. advanced funds to carry on the
suit for the recovery of the MaIiposa estate, for
certain portion of it if successful. Palmer
Cook & Co.'S portion was cut up into several
shares and sold to different capitalists for Ger
tain sums advanced to meet law expenses, &C
! Palmer Cook & Co. became in this way Col.
Fremont's bankers and that is the only interest
he has in that house"
The above extract from the money market ar
ticle of the New York Herald Of July 9Th, de-
serves more than passing notice. It's evident
intention is to shield COL Fremont from the
odiurn of his connection with Palmer, Cook q
Co. But "truth is mighty and public justice
certain" and Col. Fremont is about to reap thai
retribution, that discreditable and dshonora-
ILle association sooner or later brings. lie has
been the creature ard subseryicnt tool of Pal
mor Cook & Co. for five years. After his sig
nal and ignoble defeat in his effort at reelection
to the U. s. Senate, in the spring Of 1851, Gn
which body he served less than three weeks,
abando hing his post Of duty for whole Sess
to elcctionaor for a ro-clecton,) he became the
plant instrument of Palmer Cook & Co. 10
enable them, through the influence Of L. Butler
King, to get beef contract, from the Indian
Commissioners, he agreed to sell out his capital
in the Senatorial contest, to a gentleman, who
thereupon obtained the contract for him.
Joe Palmer was appointed by King and Frc-
mont to carry out the political trade, and was
accordingly dispatched to Southern Califorrit
with letters from Fremont to his Intimate
frienls urging them to vote for King, but lis
fIicnls would not agree to be sold thus, and
KIM was defeated. In the meantime Frcmont'S
b5cf contract was being executed. Made with
out the least authority Of law, subject to th-
ratification Of Congress- no money could be re
coiyed upon it until that body made the proper
appropriation. This did not suit the necyssi
z ties Of Fremont, or Palmer, Cook & Co. then
# as now, and as they always have been, hard uE
, for money. 1t was necessary to make tlnan-
S cia operation, as Fremont had bought the cattle
!; upon credit and some portion Of the purchase
money must be paid
t To accomplish this object, they must ge
u drafts upon the Secretary Of the interior, fol
. the amount Of beef contracted for, from one o
h these Indian Commissioners. 10 do this, ont
of these Commissioners had to BE- corrupted
IS for having no authority to draw such drafts, i
e was base fraud to put such drafts in the mar
: kct here, bye government officer by which tn
5. unwary might be imposed upon and chcated-
s. The man for the deed was found in Barbour, on
Of the Commissioners who, as it IS alleged, b.
or the pI omso of ten thousand dollars, drew draft
" for upwards Of S180,000 upon the Secretary
h the Interior. SAillful negotiation was mex
10 needed, and Wright, as the most anscrupuou
r of the gang was put forward to raise money D
al the drafts, endorsed by Fremont Adams & Cc
III deceived by Wrights representations that Bal
bour had the authority to draw the drafts, casl
d, cd $4,000 of them, This was great success
h. and put the conspirators in funds.
IS Barbour was paid his $4,000, quit the STAT
or and has never returned and soma part of tt
purchase money for the cattle paid. But MOI
n money was required, and negotiation was entc
Of oil into with the banking house Of James kr
al of Wm; that house upon the residue Of Il
IN drafts (over $150,O0O,) advanced $4,000,
d. draw 3 per cent per month interest. Abo
the same time Fremont disposed Of half Of h
'' interest in the Maripasa grant to Palmer, Coo
& Co., but this $4,000 in their hands, becan
their serve tool and agent, and las been the
stipondiary ever since. Under color Of leas
-, from Fremont Of quartz veins Of the Maripo
49, tract of land, Wright and his associates ha
~ raised hundreds of thousands Of dollars in Il
Eastern cities, and in Europe by buying fl
ho gold specimens Of quartz in the Eastern maIke
;, and representing them as coming from the vel
- on the Manposa leads.
~ English capitalists began to suspect the
u frauds, and it was necessary to havc Fremo
=, in Englanl to help them out Of their difficultit
!. The most unhcard of &lsehoods were told
-. Wright Of the richness Of these veins, whic
:. for time, satisfied those who had invested the
- money in them; but at length suspicion Of fal
= became so strong thlt Fremont, Wright, al
their conederatcs had to escape secretly fro
-. England, Fremont leaving his wife and childr
20 behind him. to follow on the next steamer as
blind to prevent pursuit and arrest, before So
:. ing,) to avoid prosecution for swindling,
the which, if they had been caught they wou
Le- have been convicted, and sent to Botany Bay,
the In Europe before their escape, and afterwards
red the United States, these adrOit fnancierS riot
on their ill gotten gains. Fremont is said
. have expended twenty-five or thirty thousA
dollars in Europe in a few months
y. The pickngs Of these operations were so
ion exhausted in the fraudulent and unsuccess
md speculations of Palmer, Cook & Co., and