Oxidative polymerization conducted the synthesis of polyaniline in the presence of iron gluconate in the water. Iron gluconate is present in the resulting polyaniline (PANI). The PANI composite exhibited multiple signals in electron spin resonance, including half-field resonance of multiple spin states, the center-field resonance of polarons as radical cations in conducting polymer, and a signal from a defect in the main chain. Infrared (IR) absorption spectroscopy measurements confirmed the chemical structure of the PANI composite. The composite exhibits the mixed magnetism of PANI as a conducting polymer and Fe ions in the composite according to superconducting interference device (SQUID) measurements. Combining organic-conjugated polymers and inorganic materials can result in a unique magnetism.