[Fremont, John C.]:

$1,000 · Offered by William Reese Company

THE MARIPOSAS ESTATE. The famous explorer, John C. Fremont, spent much of his time in the 1850s attempting to develop a giant land grant in California, the Mariposa Estate, an effort which involved him in much litigation and was ultimately a financial catastrophe. "Fremont has sailed to London in January, 1861, to raise money 'to consolidate the debts incurred [by the estate] in the litigation of its title...and to increase its productive power.' Fremont claimed the property 'is now producing from $60,000 to $100,000 per month, half of which, at least, is profit.' The money was not raised and Fremont never afterwards set foot on the property" - Streeter.The Streeter copy sold to Dawson's Book Shop for $100 in 1968.

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