Daily Iowa State Democrat. [volume] (Davenport, Iowa) 1856-1859, 1856-09-26

led bV those VINO KNOW I'll Tue S1css' ~
vas published 10 the Daily Globe aud
,spub ished throughout the State with
put - 70. one word Of contradiction.
Here il is:
FREMONT AND ms FRIENDS.
The name Of Col. Fremont has bee"
connected with the house Ut Palmer,
Cook K Co., 10 the financial operation
OF that concern. The only connection
between this banking house and Col Ere
mont il IN the MariposS estate. They
are interested in that property. Messrs.
Palmer, Cook 4 Co. advanced Iuoas 10
carry on the suit for the recovery Of tae
Mariposa estate, for certain portion OF
il. If successful. Palmer, Cook & Coz
portion was cut up into several shares
and cold to different capitalists for Ger
tain sums advanced to meet law sxpen-
Sos, DC. Palmer. Cook h Co., became
10 this way Col. Fremont's bankers, and
that is the only interest he bss 10 that
house.
The above extract IRON the money
market article from the New York Her
aid, Of July 9Th, deserves more than
passing notice. Its evident intention ~
to shield Col Fremont from the odium
OF his connection with Palmer, COOK Il
Co. Bot "trush 10 mighty, aud public
Justice CERTAIN" aud Col Fremont Is
about to reap that retribution that q dis
creditabls and dishonorable association
sooner or later brings. lie has been the
creature anil subservient tool OF Palmer
Cook Il Co. for five years.
After his signal and ,gnobls defeat 10
his effort at re- election to the U. ). Sen
ate, 10 the spring Of 1851, (n which
body he served less than three weeks,
abandoning his post Of duty for whole
session to electioneer for . re- electioO,)
he became the plant inst, umeDt OF Pal
mer, Cook 4 Go. To enable them,
through the influence Of T. Butler King,
to get beef contract, from the Indian
Comm ssi oners, he agreed TO sell out his
capital 10 the Senatorial contest, to
gentleman, who thereupon obtained the
contract for him.
Joe Palmer was appointed by King and
Fremont to Garry out tho political trade,
and was accordingly dispatched to
Southern California with letters from
Fremont to his intimate friends urging
them to vote for King, but his frlends
would not agree to be sold thus, aud
King was defeated. ln the meantime
Fremont's beef contract was being exc
cuted. Made without the least aut hOrl-
ty of law, subject to the ratification OF
Congress, no money could be received
upon it until that body made the proper
appropriation. THIS dad not suit the ne
cessities of Fremont, or Palmer, Cook K
Co., then, as now. AS they always have
been, hard up for money. II was neces
sary to maze a financial operation, as
Fremont had bought the cattle upon y
credit and some portion of the purchase
money must be paid.
To accomplish this object they must
| get drafts upon the Secretary OF the In
| terror, for the amount Of beef contract
cd for, from one Of these Indian Com
missioners. To DO this one Of these
Comm ssioners had to be corrupted for
having no authority to draw such drafts,
it was base fraud to put suoh drafts
in the market here, by u government Of
| heer, by which the unwary mi ut be i'm
posed upon aud cheated. The mab for
tho deed Was found in Barbour, one Of
the Commissioners, who, as IL Is alleged
by The promise Of ten thousand dollars,
drew drafts Tor upwards Of SlotI, 900 up
on the Secretary Of the Interior. Skill
full negotiation was next needed, and
Wright, as the most INSCRIPTIONS OF the
gang, was put forward to raise money
r. ~.
Adams 4 Co., deceived by Wrigh's rep
| RESERVATIONS that Bar bour had authority
10 draw the drafts, Dashed 800, 900 Of
them. This Vas great success. aud put
the coDspirators IN funds.
Barbour was paii his $1,000 (qa,t
the State aud has never returned and
some part OF the purchase for ho cattle
paid. But more monss was required,
aud neg Citation was enter ed toto With the
banking houses OF James King ot VIM
that house upon the residue Of the drafts,
lover Sl50.OO0,) advanced 80, 900, ~
draw three per cent, per month interest,
About the same time Fremont disposed
of half Of his interest 10 the Meriposs
grant Of Palmer, ,'ook < Co, put TINS
SAC, 900 10 their hands, became their ser.
vile tool aad agent, and has been theil
stipendiary ever since.-Un1er cover oI
leases from Fremont Ut quartz veins OIL
the MHr,posa tract Of land, Wright aud
his associates have raised hundreds o
thousands OF dollars IN the Eastern cit
les, and 10 Europe, by buying tine gol,
specimens Of quartz 10 the Eastern mar
kets and representing them as comm,
. from the veins on the Mariposs lands.
English capitalists began TO su.pec
these frauds, aud it was necessary /
have Fremont 10 England 20 help theu
| out OF their difficulties. The most un
heard o: falsehoods were told by Wrigh
of the richness Of these veins, which, 70
a time, satisfied those who had invested
: their money 10 them; but at length .us
picion Of fraud became so strong tie
Fremont, Wright, and their confederate
Il had to escape secretly from Englant
$ Fremont leaving bis wife and childre
4 behind him. to follow on the next stesu
er as blind to prevent pursuit and Al
rest, before sailing to avoid . prosecu
$ ton for swindling, for which. il the
had been caught, they would have bee
convicted, and sent to Botany BAY.
Europe, before their escape, and sftel
o wsrds 10 the United States, these adro
4 6nauciers rioted on their i'll gotten gain
he Fremont is ssid to have expended TIVE,
al ty-6ve or thirty Thousand dollars
Europe, 10 few months.
., The pickings Of these operations We,
soon exhausted 10 the fraudulent q,
n unsuccessful speculations Of Paine
H. Cook 4 Co., and by Fremont's extrav,
a gsncss, and in stale VI utter destit
:" ton Fremont presented himself befo
lg Congress 10 1854, begging for on Apr
es pristio0 70 pay TOT me beet contract
He represented that james King Of W,
:, had sued him ON the 24Q. 600 adyann