Arizona weekly citizen., 1882-03-26
PRoJECToE OF THE NOTORIOUS R-R-
 U,INN COMPANY

Jacob K. ShIpheIl uas born .I cen | tTa. New York. and is nos about forty | hve years oi age. He found hs chef ! --lucs.;a-s 2t,...l-e-es e' Ob5riil College, | Ohio. and being an assiduoIs student, graduated with high honors. His strong | religious nature inclined hlm to select
 the church as his hfe calling, ard he took
 q thorough course in the Divinity School ! connected wi,h ;he college. He soon be- gan Co preach, and having a fer-Id and ! popular manner, his progress was So rap ! ld that he was called Co the pulpit of | Plymouth Congregational Church ID Chicago an important and leading fac l tor ID the Congregat of the West Here he renamed for some years and
 gave high satisfaction both as a preacher and pastor. In those early days he de yisod the plan Ct paying church debts, ] since made so popular, and by his own | efforts ana edTncstnCss collected money | to relieve more than one struggling con gregdtiOn of its burden. During the
 war. Rev NIT. Shipherd. true to his Ober- | In education. feIt the iIvellcst interest in
 the condition ot the freedom, and deem iu5 .hc Ereedmen's AId SoCIety under [ the auspices Ot the Government made quate to the needs oi the newly enirdn- | Chlsed, he took active measures tor the 1 harmoniuns of other interests, and was chosen President of the resulting organ uation known as the "Freedmen's Union Aid Commission" The association was very effective m promoting the objects for which t vas brought into being, and when the freedmen were finally thrown wholly upon tHelr selt-rellance, Nr. Ship herd retired vi-h expressions of gratitude and congratulations on the par, of his assJcidtes. During these active ears, also, he resolved Co establish au organ ot Consregaiionalism in Chicago, and inter ssteu a sufficient number of people m the project To found the ADVANCE, a paper Which ;s nov -Oo well known Co need fur ther yeiereulc
 In ISty, he resigned his pastorate and
 opened a real estate and iuun ,tiice m
 Chicago, wIlu General Sweet as partner.
 General Sweet soon after left the firm
 tJ accept the office Of Pension Agent.
 Mr. ShIpherts business thruye, good
 Eastern relations were secured, and she
 next year he established a bank. He
 was made Iru stee Of the Riverside Com
 HdllN. ore or AN4t ENk'sAN CttANtll ittAll Nnttl-
 prlses of Chicago, and he laid ont and
 founded tine town of Elmharst. A
 branch New York house Tus now
 established, and, meantime, to keep pace
 with the prosperity of the bank, other
 branches m Boston, and iu Frankfort,
 Germany. iu the Eailos 1872, Sir. Ship herd secured control of the South Side Railroad of Long Island, and conceived
 aa.rst f1r.sIs str f..- rr.ssaf4.lT-rf~
 better umcs, accomplished of con
 sohdatiug the Long Island roads under
 one mauagemeut-hi 8Wp,. Suddenly
 came the great pan ..;, and very little MT. ,,
 oil.'ls'1 l '1 9 'i..ieIG'' ',l..'r ',en havt \, eXtricate himsu1l rrv--i the egts-.alG-; meut, and Ht last, 1t Is said. paid the last cent of his obligations. In 1877, he entered the Law School of the Unlyer- sity of New York, and the next year was admitted to the bar. He established his
 office at No. 10 Spruce Street. where he
 has remained ever slnce.
 He IS now best known as President of
 The Peruvian Company" which is said
 to Owu the COchet and Landreu claims
 against the bankrupt Republic of Peru
 aSgreSatlng the StUpendOus sum of nine
 hundred millions of dollars In con- sideratIun of this unprecedented "lien. the Company proposes, with the moral and political approval Ot the United States, tO assume possession of the guanO and nitrate lands of Peru, and administer them in the interest of Peru and her various creditors. To thIs end, as recently published correspondence has shown, Mir. Shlpherd has endeavored to Obtalu the assistance Of our diplO- matte agents and of prominent public men; but hls appeal does not appear to have been successful to any marked ex- tent, and It ls not probable that his vast scheme wlll ever realize his expecta- tons.
 he approaching examination of MT. 1 Shlpherd by the Congressional Com mlttee on Foreign Affairs promises the l most sensational development, and may wreck as many regulations as the testi- | mOny of Oakes Ames in the Credit | Moblller business. While the greatest l umber of the prominent men alleged 1 to have been interested in the scheme. have indignantly refuted" or "com- temptuousiy denied" or '.never knew the pan, or laughed at tine matter as a
 wba there are others who twill speak
 .simnbe proper time comes,- or who
 7,Ln tiecpev the man-thats all" or
 Co talk on the subiacf"