Mountain Democrat., 1857-12-05
Palnaer'a Bank.

advisers of John Charles Fremont, and
of politicians generally Of an unprinci-
pied school, has busted up. The Origina-
tors and advocates Of swindling water lot
bills, of gigantic land grants, Of every
conceivable iniquitOus speculatiOns, are
bankrupt. OF course each nA mbCr Of tho
persecWted firm is Hat broke, hasn't red,
has surrendered all his property, and for
few brief months may act like ''pOOr but
honest" folks; yet it Is safe to predict
that in few years, probably in less time,
they will all be living in ''princcly mag
nificence" One of the shrcwdcSt men in
the State remarked to us, significantly,
when he heard Of the closing of Palmcr's
Bank, "poor Bates is done for now-his
conviction is inevitable" Why, VIC in
quircd. because Joe Palmer won't mot
can'D shell out any longer. The supplies
are stopped when they are mostly needed
He'll say to Bates, condOlingly, Il would
have assisted yOu-intcndcd to do SO, but
the attachments against me were more
than could meet, and am, consequently,
unable to render you the least assistance.
l have the will but not the power to clear
you. regret the NECESSITY that forces
me to leave you to y6ur fate, but what
can do without means Bates will have
to fight the battle alone, unaided by the
smOoth-tongucd Joseph, without money
or friends; the State will never recover a
cent, and Palmer cont die bankrupt"
We agree with the Sacramento -igC, that
the political banking house of Palmer,
Cook & Co., has done more towards cor.
rupting public functionurics and running
the State credit, than all causes combined" I"
We rccollcct the time when wc We're taken
to task and abused by some ofits minions
in this county, for questioning its solvcn.
cy and the honesty Of the members Of the
firm. 1t always retained number of
servicablc tools, accommodated them with
loans, the "virtuOus Selovcr" among the
number, to do their bidding. They were
ever ready to appear in behalf Of their
employers; and when the unsophisticatcd
Peck accused the institution" ofNttcmpt-
ing to bribc him, the "virtuonS Sclovcr," p"
with an audOcity that was really bcwitch
ing in its sublime impudcncc, thrust
himself forward an eager witness for Pal
mer, Cook & Co. 1t is true they escaped
punishment, but every honest man be-
licvcd the charges preferred against them
by Peck.
No one questions Joscph's skill as a
financicr, but the means he employed
to gain his ends were not such as TO re.
commend him to the confidence Of the
public. But the house whose affairs he
managed with so much shrew,lncSs, sa-
gacity, unwcaricd attention and ability,
which he sustained against formidable
opposition, which spcculatcd on stupcn-
dOus scale, which seemed proofagain st all
and every attack, which controlled cleo.
tions and dictated to State and County
officials, which used the public funds un-
der different administrations, has at
length, to use an expression more en-
phatic than elegant, "kickcd the bucket"
busted up and Of all those who were
tho recipients of his bounty, how many
of them will not secretly cxult at his
downfall? Even at this early day, We
venture to predict, he is
deserted in his utmost need
BY those his former bounty frd"
Farewell, a long farewell, to the house
Of Palmer & Co.