Appleton's Cyclopedia of American Biography, edited by James
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SAXTON, Luther Calvin, impostor, born in Massachusetts in 1806; died after 1866. He was graduated at Hamilton college in 1825. In 1850 he published the "Fall of Poland" (New York). He went to Rochester, New York, about 1860, and there interested Aristarchus Champion, an aged, wealthy, and somewhat eccentric man, in three schemes--the Union book company, with a capital of 83,000,000, an International Bank, with a capital of many millions' and a vast manufacturing corporation. Only the book company was put into operation. Half the stock was to be in books, manuscripts, and copyrights, and of these Saxton professed to have a great Supply. Champion furnished capital in the form of notes and mortgages to the amount of 851,475. Saxton established a magazine mid visited Europe as the general agent of the company, but after a time Champion grew suspicious, and had him arrested and indicted for false pretences, he was brought to trial, 8 December, 1863, cow, rioted, sentenced to Auburn prison, 31 December, for three years, and served out his full term.
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