, 1877-06-27
How Mr, Fawcett Went In and How
He Subsequently Came
Out,
Entanglizg Alliances Of the "1..O."
Company and the "I..0." Pub.
fishing Company.
Answers Of the Companies ana Their
Officers to Mr. Tawoett's
Questions.
A Sad Certainty that There r. No
Money for the Petitioner.

$0tA0 fE00 IN lH74 d. x0unH ECnUHOHt Nn1 llAA
for many years taborcd under the ielaeion that ho
could manage q newspaper with tho tAmc degree Of
skill and success A. ho conducted other pursuits,
purchs6eti the tebrs Of tho wrecked RtpuLic0n, on
which he proposed to found tho greatest journal Of
this or any other age. llo chrlatcncd his bantllng
tho Inter Ocean, and launched II on tho world with
the hopa that It would al once lump into universal
circulation. In November, ~, hc organized tho
concern Into }ont stock company, With capital
stock Of 3tHO 600, Of which o.thirds
was In bis name. Some limo In the
rpstng Of 10 Macedonian cry for
help was heard In the land. Mora money whs
wanted, The paper was not moctinR the anticlpa.
tlona ot its founders. The politicians wese mp
pcalcd to. and not In vain. Mr. +. W. Palmer
tho present Postmaster: hna Just comp'etea s, nls
Congressional career, and had money and ambition.
lilo took $50, 600 wurth Of the stock, which MI
scnmn,on generously secured for him Al par.
Things rnn along smoothly until tho Occurrences OF
uhe panic. Then came tne Tug OF was. m1 eean.
mon could no longer meet tho weekly deficits. and
o aS e,ms h. o1 Sero f"r n
rs.h.a .,nct y,on fhn orert,owinp fountain. and.
IN h'es" seasss'a.en a % .hspeot psaea down sevsss
TN seerato,y and financial manager
of tho ln'tttnt,oD. All sorts & oi
schemcs we'o dovlscd TO make the paper pa'shn,e
ths ~ ,hs s s mi" ra
u tne wotK' ana III enu s1aIoo .s. Mu1 LUZ ~. =,
LILY. "o., ..,. ,n." as.,.,a ~, ,i.,r Inn.
puished. Advertising dropped OF day by day, and
tho concern wa ones more in desperate eopat.
tbc current expenses. Loans wure made here aud
there. Tic rsal.est men. who previous 10 inc
panic had advertised to = considerable e1tc't wctc
imntorra IN rcxumo thclr patronnro, md. us ou
eztrn iniuccment, tho managers pEolnseed 10 mako
a epcc,alky of working tho rcnl.estate market.
with this vlew they
cErr,
who had then achieved an en,'shl' reputation a.
ws'tof on anaheo anu rea''ce'a!o n'1atess. A,.ef
several propositions had hecn made. M,. Fawee.',
hnrna h,mae1f ..to devote his servlces chiefly
te 'n1 ,ho ou u.ucln colunn osn ~ md % seale.tats
topa,taeut' far Which, tho Int<1. Geean ag1ecd to
pay Inn a w. fate o. pSs ~ n n M @ y;
sa ese sl9 :. ssn,h. dntss tae ;hs
Hen and syW l. FsSwss;t I'D
Tue contE9et VA ua9s. ~ Mhs % ~ NJ AZ
Tawctst nJ r. n'n . and ~. % ant
rn,I xcrn.c rcsi.csfnte alyertislne to nm nmonnt
c.I m eveo ~ si.,nr.ni Il Tar III .nsev nnH nsw"
S heT meSa s o Thc
WIZ asrn ,ao nns.s 1osa
There VA no @ nf hs t M e.
rn.t IN siSertisnr In totrriue newypaper on tie
5'epIS mrss H. poos sds rour Fawcs e
cdit S tho Ela1nelsi and real.cstato columns. Tho
as Haps' tSpfs @asnt ~. onoash moey in ths
n.y. hna tnih ~ ~, tsr ~ ~ Xxx rf
osa,s men D.su aud o mansers "a oi tic pos which
hpslts ,ss M nah,e s1 Il ~ e,'.tn n,..u!s'. ,sss
AZ ~"'s'' A', Asorlisn CRISIS
IN no a!ass o. 'aS tvIss; ss ~ s nan ~
Gs soo 70 aas y Il Lid fa,eu. Il was u' rssulvsi
~ increase to sl4ex 10 so ,t. W. H. aasaan W.
nynpMisa hnancaa ct or H., ~ ,xnnt S " tss
burg and Philadelphia. l!e .aa long and praycrui
sofstsnsss WIN lns g.Sis y tbp aha III fn,o. ~
yetaa was t6e great apostls u nsotcSt!o, IN tao
West ans tas H. ui4ssonafy emo snoSq acee,ve
vaa iaMguahing Ike tho rsal.ossato trade. had no
.nonsy to 1MTsst W ~ inssm them st T.
hs a " .hse.
lteIknAp, all Iowa ul1n, Wao subsequently dlshon-