Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1882-03-24

JACOB r. sHIpHERD was born in central New
York and is now about forty five years Of age He
found his chief educational advantages at 0berlin
College Ohio, and being an ass'duous student,
graduated with high honors. His strong religious
nature inclined him 10 select the Church as his life
calling and he took a tho ough course al the
Divinity School connected with the college He
soon began to preach, and, having fervid and
popular manner. his progress was 81 rapid that he
was called to the pulpit OF plymouth
Church in Chcago-an important and leading factor
in the Congregationalism OF the West. Here he
remained for wears, and gave high satisfaction
both preacher and pastor In those early DAYS he
devised the plan OF paying church debts since made
so popular, and by his own efforts and earnestneSs
collected money TO relieve more than one struggling
congregation of its burden. During the war, Rev.
Mr. Shpherd, true to his obern education, felt the
veliest interest in the condition OF the freedmt n,
and deeming the Freemen's Aid Society under the
auspices of the Government inadequate to the needs
OF the newly emf anchsed, he took active measures
foi the harmonizing of other interests, and was
chosen President of the resulting organization
known as the "Freedmen's Union Aid Commits
sien." The association was very effective In pro
noting the objects for which it was brought into
being and when the freedmen were finally thrown
wholly upon their self-reliance, Mr.. Shpherd re-
tired with expressions OF gratitude and congratula
ton on the part of his associates. Du ing these
active years. also he resolved to establish organ
sufficient numter of people in the project to found
the Advance paper which Is now too well known
to need further reference.
In 1869 he resigned his pastorate and opened a
real estate and loan Office in Chicago, with General
Sweet as partner General Sweet after left the
firm TO accept the office OF Pension Agent. Mr..
Shepherds business throve, good Eastern relations
were secured, and the next year he established a
bank. He was made Trustee Of the riverside Com
pany one of the great suburban enterprises OF Chi
cago and he laid out and founded the town of Elm
hurst. branch New York house was now estab-
ished and, meantime. TO keep pace with the
prosperity Of the bank other branches, in Boston,
and in Frankfort, Germany In the fall of 1872 Ar.
Shepherd secured control OF the South Side Railroad
of Long Island, and conceived the scheme (Which
Others in succeeding better times accomplisbed) of
consolidating the Long Island roads under one man.
agement-his own. Suddenly came the great panic
of 1878, and Mr.. Shipherds numerous projects were
engulfed He worked for several years to extricate
himself from the ENHANCEMENT, and at last, it is
said paid the last cent of his obligations. In 1877
he entered the Law School of the University Of New
York, and Il c next year admitted to the bar.
He established his office at No 10 Spruce street,
where he has remained ever since.
He is now best known as President OF the Peru
Wan Company, which is said to own the Cochet and
Landreau claims against the bankrupt republic OF
Peru, aggregating the stupendous sum Of nine hun
dred millions of dollars.