The true Democrat., 1856-10-28
The Model Eiuaucier.

attention Such IS the man, whom the blacl renubEcans desire to place at the head of thi government W here his talent for peculation cal have a wider field and full scope:
 From the San Francisco Morning Globe
 uTbe name of Col Fremont has been con
 rected with the house of Palmer, Cook & Co. in the financial operations of that concern.-
 The only connection between this bankin.
 house and Col. Fremont is in the Mariposa es tate They are interested in that property.-- Messrs Palmer, Cook & Co. advanced funds tt carry on the suit for the recovery of the Mari posa estate, for certain portion of it if sue cessful. Palmer, Cook & Co.'s portion was cut up into different shares and sold to several ca pitasts for certain sums advanced to meet law expenses, etc. 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 article of the New York Herald of July 5th, deserves more than passing notice. Its evil dent intention is to shield Col. Fremont from the odium of his connection with Palmer Cook & Go. But truth is mighty and public justice certain,n and Fremont is about to feel the re- trbution that discreditable or dishonorabe as- sociation sooner or later brings He has been the creature and subservient tool of Palmer, Cook & Go. for five years. After his signal and 1gnobe defeat in his effort at reelection to the United States Senate in the spring of 1851, Gin which body he served less than three aUeeks, abandoning his post of duty for the whole ses- slon, to electioneer for re- election, he became the plant instrument of Palmer, Cook & Co. To enable them, through the influence of T Butler King, to get a beef contract from the Indian commissioners, he agreed to sell out his t1l in h..c | .1. man, who whereupon obtained the contract for him. Joe Palmer was appointed by King and Fremont to carry out the political trade, and was accordingly despatched to Southern Cali fornia with letters from Fremont to his intin ate friends, urging them to vote for King, but his friends would not be sold thus, and King was defeated. In the meantime, Fremonts beef contract was being executed. Made without the least authority of law, subject to the rati- fcation of Congress. no money could be receiv- ed upon it until that body had made the pro- per appropriation. This did not suit the neces- sities of Fremontor Palmer, King & Co. Then, as now, and as they always have been hard up for money, it was necessary to make financial operation, as Fremont had bought the cattle on credit, and some portion of the purchase mo- ney must be paid.
 To accomplish this object, they must get drafts upon the secretary of the interior, for the amount of beef contracted for from one of these Indian commissioners. To do this, one of these commissioners had to be corrupted; for having no authority to draw such draft, it was base fraud to put such drafts in the market here, by government officer, by which the un- wary might be imposed upon and chcated- The man for the deed was found in Barbour oue of the commissioners, who, it is stated, by ha off l,1la l C., for upwards of S180O0O upon the secretary of the interior. SkIfu negotiations was next needed, and Wright, as the most unscrupulous of the gang, was put forward to raise money on the drafts endorsed by Fremont Adams & O., deceived by Wrghts representations that Barbour had authority 10 draw drafts, cashed S3O,OOO for them. This was great success, and put the conspirators in funds. Barbour was paid his S1O,OOO, (quit the State, and has never returned) and some part of the purchase mo- ney for the cattle paid. But more money was required, and negotiation was entered into with the banking house of James King of William: that house upon the residue of the drafts. lover $l50OO0,) advanced S40,0OO, to draw 3 per cent per month interest About the same time Fremont disposed of half of his interest in the Marposa grant to Palmer, Cook & O., put this $40O00 in their hands, became their servile tool and agent, and has been their stipendiary ever since.
 Under color of leases from Fremont, of quartz veins of the Mariposa tract of land, Wright and his associates have raised hundreds of thousands of dollars in the eastern cities and in Europe, by buying fine gold quartz in the eastern markets, and representing them as coming from the veins on the Mariposa lands. English capitalists began to suspectt those frauds, and it was necessary to have Fremont in Eng. land to help them out of their dificuties.- The most unheard of falsehoods were told bv Wright, of the richness of the veins, which. for a time, satisfied those who had invested their money in them; but at length suspicion of fraud became so strong that Fremont, Wright and their confederate, had to escape secretly from England, (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 prosecution for swndng, 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, those adroit financial operators roted on their ll-gotten gains. Fremontis said to have expended twen- ly-hve or thirty thousand dollars in Europe, in few months.
 The pickings of these operations were soon CApcuQbu Ill the lfduuulenL ana unsuccessful spoculations of Palmer Cook & Co.,, and by Ere mont's extravaganza, and in state of utter des- tituuon. Fremont presented himself before Con- greSs in 1854, begging for an appropriation to pay his beef contracts. He represented that James King of William had sued him on the $40,O00 advanced on these drafts, obtained judgment, and bought his Mariposa claims for less than thousand dollars, and unless Con- greSs gave him relief, the time of redemption wonld expire, and it would be entirely lost to him.
 By the most dexterous and unwearyng lob bying the bill passed Congress, and Fremont turned up'' again millionaire. He redeem ed the Mariposa claim; bullied Corcoran & Riggs, ot Washington city, who held the claim ot James King of William, into reduction of from twenty to thirty thousand dollars on the amount due; through his partners, Palmer, Cook & Co.,, shaved the Caliiornians. from whom he had purchased the cattle and who had so patiently waited for their money, forcing them to take half what was due them, or take nothing (for Palmer had skillfully had the deed for the Mariposa claim made to himself perso. nally and at the same time took confession of judgment from Fremont to his house for upwards of S73OO0, 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 Palmer, Cook & Co. offered, or get nothing.
 In this way most of the appropriation made by Congress was secured to Palmer Cook & Co.,, which saved them from bankruptcy two years ago. Since then Fremont has been their agent in the eastern States, receiving thou sand dollars per month from Palmer, Cook S Co, to enable him to make show of wealth and thus aid them in their negotiations. Ere mont, Palmer & Wright spent the summer and fall of 1855 in the eastern States trying to raise money on the Mariposa and Bolton and Barron claims. But their most strenuous exertions and expertness failed and Palmer came home foiled. Here his fortunes and that of his house he found in desperate condition, owing to the exposures of the Bulletin" Orders were