Evening star. [volume] (Washington, D.C.) 1854-1972, 1856-07-31
WASHINGTON NEWS AND GOSSIP

The Apparent Defalcation Of the State
Of California The New York News discus
sing " Fremont in California" connects FIRE.
mont with the San Franciso House of Palmer,
Cook 4 Co., "a connection we'll know in W all
street, the New York Express says)-this
House being part proprietor of the Msriposa
claim, and says:
"These scheming Observation-Disclosures, Cook
d Co.-who are understood to have the best of
reasons for opposing the acts of the Vigilance
Committee Of San Francisco, were furnished
by the State Of California with funds-one
hundred thousand dollars to paw interest
on her State debt due in New York on the first
of July. This interest has never been paid,
and the State is in default through the acts of
her agents"
The money, the Neps hints has gone into
the election-to buy newspapers " to shrek
for Freedom" &c, sc. The Nsvs, continu-
ing, says:
1.-THE truth is simply this, Palmer, Cook
Co., OF whom Fremont is the presumed COM
pany, hold the title to the Mariposa estates.
1t is worthless unless they can dispose of it to
q foreign conpaDy-which they have been
thus far unable to door secure Government
favorable to their claim. Fremont is urged
for the Presidency, and the moneys of
the State of California, placed in the hands of
Palmer, Cook Co, for the payment of the
interest due on the State debt, is made use of
for other purposes What disposition has been
made of this large fund, we will leave our
readers to infer. That Fremont received the
nomination-tbat funds are plentiful for his
election-is all well understood but what
the action of the State of California or of the
Vigilance Committee Of San Francisco, will
be when they hear of the defalcation of this
hrm hal 0hoh lxy ~ &L
steamer.
That Fremont pretended to make an eff
fort on w all street to save the credit Of the
State Of California, when it was known that
the interest on her State debt would rot be
paid, is well known and besides this gener-
al knowledge, the New York Times stated
that Mr.. Fremont was through the street try
Ing to raise sixty thousand dollars to apply to
the object, and save the honor of his State
But the honor of the State, like the credit of
the applicant, was gone; and every Wall
street man who had looked at the bankrupt
records OF our courts, tho Tax Commissioner
list, knew the proclivities of Palmer Cook 4
Co., his associates and hackers, if not his
partners, laughed In his face for having the
audaeity to make such a request The repu-
diation Of debts falling due, by the Dry Dock
Bank, Of which his friend and hacker, George
Law. Is President, was too fresh in their mem
cries 10 be caught by the same cortsyIs
through new agents, and the honor Of the
State was suffered 10 20 unredeemed
In the mean time Fremont has declared
his own poverty by appearing before the Tax
Commissioner Of this city, Mr. John W. Allen,
on the 24th of June last past, to obtain relief
from a tax on one hundred thousand dollars of
personal property, and takes oath that he was
worth nothing over and above his liabilities
Wnhe we regret the pecuniary difficulties
with which he Is surrounded, we think it fully
1ustlhes the current report that he is in the
monthly receipt Of funds from Palmer, Cook
Co for his support After pursuing the
reckless character-we will give it no harder
name-of his strange financial operations in
California, 1t can be readily understood how
he could squander any conceivable fortune,
and be obliged to depend en- his friends for his
daily support.
fAnd this is the man whom George Law.
Dry Dock Bank Co, support for the Presi-
dency Of these United States Read the doc
uments :"
To this exposition we have to add, that
"JOe" Palmer, the contriving politician of the
celebrated political house of Palmer Cook
Co, (for 1t is now rather a scheming set of
politicians than a banking house doing bust
ness according to principles in which business
men have confdence,) when on the way from
Sacramento to San Francisco in charge of
the 500, 900 which he obtained from the State
treasury in order to pay the interest for which
his house has proved defaulter, boosted
That he was about to secure for bis Mr. Ere.
mont, the Republican party Presidential
nomination and the Presidency, and that he
had made and could make public functio
Iies at home, and abroad, at will
In wall street it is currently said that the
missing 500, 900 went to fix delegations in
the Republican Convention, for Fremont. mir.
cipally from the West, instead of to DISCHARGE
the honest obligations of the State of alifornia
Is there any wonder that Mr.. John G. Ere.
mont ran about FALL street rather neryous,v
shining" in vain to raise $50, 900 on his in.
dividual promise to pay, on the day on which
the hunniluggled interest money fell due {,
The Times, Tribune, ct al, praised without
stint bis efforts on that occasion to save the
honor Of California, Whose honor is blown
to the four winds by the perversion Of this
hundred thousand dollars from the honest and
legitimate end to which it was directed by the
etatef Surely, not that Of California
Thank God.-If ever people had reason
TO be grateful to Providence, they are the in
habitants OF this immediate section of country.
The eopious showers of hast night and the night
bsfore have saved the suffering crops Of corn
that we're seasonably planted and WORKED
There may now be fair crops Of that grain
sround Us without another drop Of rain. The