The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-04-10
PATRICK D0NAHOES FALL.
FROM AN INCOME or $40, 900 4 YEAR
TO HE1TY INDEBTEDNESS
A Man to Whom Many Entrusted Their Money
as to a savings Bank-IIis Defence Of Ills
COnduct-Thc steps TINT Led TO Failure.


A Man to Whom Many Intrustcd Their Money
as to u savings lsanlt-IIis Defence Of Ills
COnduct-Thc steps TINT Led to Euilurc.
From ne Boston Gi0be
Mr.. Patrick Donahoc, the bankrupt pro-
ptietor Of the POot. says; Born In Munnery,
county Of Cavan. Ireland. on the 18th Of March,
1918, was landed in Boston In 1875. There were
very few Irish boys in Boston then. went to
the Adams school, on Mason street for two or
three years. Being the only Irish boy in the
school, and belns green had a hard time Of
1t. The prejudice against my religion and race
ran high. 1 had many knock down with my
opponents. Tho boys chalked a cross on my
back and offered other indignities. Still
fought It out on that line At the age OF 10
I left my fathers residence, a ton-foot building
in Harvard place, opposite the Old South
Church, and entered the Columbian Sentinel
once az printers devil There, too. met
with the same persecution. 1 was one OF six
apprentices. with one other exception was
the only Catholic boy In the printing Offices of
treasured up all the indignities offered to my
country and creed, hoping some day to publish
hepped uoon them. My desire WIS accom-
plishcd Some forty odd years ago was EN-
ployed In the Office OF the jesuit, then edited ny
the late bishop Fcnwick and the Rev. DR..
OFlaherty. From that originated the PuOt. OF
which | have been the proprietor uD to the
present time. From Spring tne the Office was
removed to Franklin street, where, after twenty
years of hard labor, was enabled to erect one
Of the handsomest blocks Of buildings in that
great street. Before the fire was worth at least
half million dollars. In a few hours all " AS
lost; Ny income from ,ny block paot, BOOKS 9s
insurance on my property was not large, and
much of that was not paid. Encouraged by the
sympathy and aid extended to me, determined
to erect new huilding-the one In which the
Plot is now published. could hsyc survived
the FIRE nut for my unfortunate endorsements
which amounted to over $e0'OC0. ! WAS asslr
10y the person | endorsed for that he had ample
security But the depreciation of real estate
has left nothing over ana above the mottg ages,
ana the life insurance Is worthless. As cannot
pay the premium, SO that but little or Moth
AT the time Of the great Gre was President
| NJ the Emier mt savings Bank. Fearing that my
sirncd. shortly after, began to take deposits,
which amounted after a wear or so to LARGE
sum. This money was used to pay former bms-
ness engagements. struggle d ON until the Ism
! OF j nuafy, aud feeling could not meet my
OBLIGATIONS, | was obliged to suspend payments,
| and throw myself on the mercy Of my creditors.
| II there l. one act Of my life that regret more
| than another, 1t IA the King OF the deposits.
did IL expecting TO bridge over INV financial DIM
culties, and ia tine pay every dollar. know l
| am greatly to ,blame. But | SEAL devote tho
balance Of NV life TO repairing the injury have
| done, and VIII devote every dollar earn until
| II Is paid IN. THIS may take some time. hut
win the blessing Of God nope to Ne able to &C.
| comulish what saw"
The deposits which were made with him were
voluntary many OF them we're actually forced
| upot, him lie lad been obliged to retire from
| tue Eluigrant Savings Bank. and when II was
| fairly undersi God That he was no longer con-
nected herewith, many came tn him ind insist
ed that he should take their savings aud be their
| bank. Ne took II in good faith, paid them inter
| est, and Intended, ike an honest man. TO pay
| them back dollar for dollar at their call. Dis
| Aster overwhelmed MIN In spite of every effort
| to avert It. He made no provision before the
crash came fer himself or family. The "a gage
| on the house m which he has cen living has
| been foreclDsed, and he and his family are now
| looking for Quifters In town. for n roof under
| which to live. But he mas not lost his energy
and his heart Is vet stout. Tor he is bent on max
! Ing w Whist these depositors nave lost 50 soon
~ his hands arc lo1sed. Had he held his purse.
| strings tighter ho would hrye been n rich nan
| to-day. Those who So savaRely crittcise him to-
| day, forget the GOOD he has done. his generosity
his activity for others. lie has always beer
| prominent in good works, not as shrewd mon
| ey.eetter, to advertise his business or mis- poper
| but for the sake OF tue works themselves.