, 1870-05-20

tery gathered rs formerly surrounded the
a1ariposa htl.s and companies, the purchase
Of supplies, aud the building of fortifica-
lions IN Missouri; and, Indeed, by some
singular coincidence, whatever financial
transactions the name of General Fremont
has been connected with. In entering these
financial mazes, the Investigator has felt
| that
"O'er oil, there hung Bhsdow and fem,
A sense Of mystery, the spirit daunted;
| And said as p1ain as whisper In the ear,
The place 1s haunted"
From the Memphis l. Ell Paso af1air,
however, q French banker and broker.
Stephen Sa1ter, by name, has assumed to
lift the curtain in manner that, if his
statements be true, Will place the respon-
sib1e officers of this company, and especial
Il General Fremont, in . very bad Light
Not to put too fins point upon il, Mr.
Sarter's statements mike out these worthy
gentlemen to have obtained 81, 100000 in
Europe on the sale OF the bonds Of this
+ road by false pretences, the only question
being whether Mr.. Fremont and others had
nersonal knowledge Of the extent Of the
fraud
The facts as stated are, that the CON-
pany Was formed under an old charter
granted By Texas, in 1856, for the purpose OF
building Toad from Te1arkana, on the
borders Of Texas and Arkansas, to Ell Paso.
It vas to receive from the State Of Te1as
5,120 acres of land for each mile Of track
completed for the first twenty-five miles,
and q Ike quantity per nile for every
twenty miles thereafter, and another 5,12o
acres per mile for every section OF ten
miles equipped with cars and put in run
ming order. Not q mile Of the road has
ever been built, and, consequently, not IN
acre Of land has ever accrued to the CON-
pany under their charter, which, by the
recent Constitution of the State, is deemed
BY the Secretary Of State Of Texas to hhTe
been revoked, 30 far Is The land grants afe
concerned. That, On this basis, in the years
1s6syco. John G. Fremont, rs President and
Chaitmau Of the Executive COMMITTEES Of
the company, and James II. Daniel, as its
Engineer in Chief, both being Directors,
appeared in the city of Paris, and estab-
1ished their headquarters ut the Offices Of
EMANUEL Lissignol and Frederick Probst,
Engineers, Bankers and Agents Of
the Memphis, FL Paso d Pacific
Railroad Company, at No IS chnussee
d,Anton, in Paris. Through this Office the
cou,nany issued the s' First Mortgage Land
Grant Bonds Of the Memphis, FL Paso 4
Pacific Railroad Company, to the amount
of SO, ,000, 600, the payment OF when N
: cold. with 6 per cent interest, was alleged
q the bonds to be secured by q mortgage
on s,ooo, 900 acres of lana IN Te1as oe-
longing to the company: At the same tune
= ramphlet WIS prepared by Lissignol, and
,,,1h,;shed from the Office of the company IN
Paris where Fremont was in daily attend
ance. and where an eloganssnite Of rooms
44as devoted to thu reception OF visitors and
the showing and distribution OF tins pm
phlet and the accompanying maps. Ihe
principal averments of the pamphlet were
says Mr.. Sarter:
/ The Memphis, Ell Paso & Pacific owned
line of railway complete, and run
ming from Memphis, through Little
Rock. to Terarkapa, whereas the
fact was, that only portion OF the
xae was built to Little Rock, and
noae Of il beyond, and N this the FL Paso
con1oauv had no interest whatever ut the
time & publishing this pamphlet, though 1t
afterwards purchased some OF its stock
2. that said Ell Paso Company owned the
line running for l 600 miles from Memphis
ria Knoxville md Richmond, to horfolk.
IN which it 1aver had dollar Of III"
terest.
3, That the Congress Of tie United States
had guaranteed the Payment OF the interes
md principal Of the construction bonds to
be issued for this road, to the amount OF
\ S5o,ooo per mile and
: 4 That the company owned more than
eight million acres of land in Te1as- worth
fourteen dollars per acre- The real ya.ue
g of these Te1as lands, had the company
g owned them, would hara been about one.
: sixth that sum.
This pamphlet was illustrated by q brill
8 liant map Of the United States, whersve
$ the Memphis, Ell Paso d Pacific Railroad