Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1884-01-10
END OF A DAZZLING CAREER.
Frank R. Sherwin, the Former MIL
wakuee MerchantandCoiO rado Land
King, Sentenced 10 the Penttentiary.

Frank R. SherwIn, the Former MIL
wakue Merchant andCoi Orado Land
King, Sentenced TO the PenItentIary.
Regarding Frank R. Sherwin, who
was sentenced at Albany n. y, TO
two years in the penitentiary and to
pay a fine of $500, the Milwaukee
Wisconsin says: Sherwln formally
resided in Milwaukee. and was for sew
eral years member of the firm of
Sherwin Newell & Prat. wholesale
dealers in dry goods. on East Water
street. In 1866 he closed out his bust
ness in this city and went to New
York. In that city he opened dry
goods palace and announced himself
rival of A. T. Stewart He had no
capital, and in few days the bubble
burst, and his dry goods store was
turned over to the sheriff and an army
of creditors. He entered Wall street,
He had not dollar, and for time he
was actually compelled to 60 without
his lunch and to walk home for want
of a nickel to pay car fare; but his
good address soon ingratated him into
confidence of men of the street, and
he was supplied with ];dle capital
for margin and a point or two. He
was lucky, and IN a short time was
living in that luxurious style which
is to his taste. A gilt sign over the
door of brokers' office in an eligible
basement bore the inscription ''Sher-
win 81 Co., bankers, and a skin-lined
coupe rolled up to the door morning
and evening to accommodate the in
cipient Vanderbilt But another evil
day came A financial officer of the
State government at Albany named
Phelps was detected in the forgery
of State orders on treasury warrants
to large amount. He had been spec
ulating in stocks with Sherwin, and
the latter had obtained the money on
fraudulent orders at the National
Bank Of North America, He was sus-
peeted OF completely in the affair but,
instead Of being arrested as an access
orv, was held as a witness and locked
up. his bail being fixed at $50, 600,
which he was unable to secure. After
languishing in prison several months,
Sherwin succeeded in getting his bail
reduced to $4,000, which q friend
pledged, and. it is said subsequently
paid, rs Sherwiu carelessly remained
In Europe. whittier he went upon his
release. Phelps was convicted, ser
we'd term IN the penitentary, and
died soon after.
After several years residence in Eu-
rope he returned to the States During
his residence abroad he made the
ACQUAINTANCE OF the Amsterdam cap
italists who own the tile, obtained
through foreclosure Of mortgage, to
the Maxwell grant tract o. some
COG. 600 acres in Northeastern New
Mexico. SAerwin induced them To
give MIN an interest, the presidency OF
the company, and liberal financial fac
ilities for developing the property He
took up his residence oa the grant,
and lived in princely magnlicence on
the companys principal ranch near
Cimarron, N. NJ Sherwin's first wife
who lived with him during his Mil
waukee career, and was well known
here, died in Paris three or four years
ago. His recent elopement with Gov.
Gnpin's daughter is still fresh in the
minds of the public. He became great
~ enamored of the young lady, and
his affection was reciprocated They
planned an elopement and it was sue
cessfuly carried out. The young lady
iournoyed to Baltimore, where Sher-
win Joined her, and they were hurried
ly married. 1t is said that Gov. Gilpin
was in hot pursuit, but he arrived to
late to prevent the puptial knot being
tied.
On the LIST of October Sherwin was
arrested in Chicago. He was on a bri-
dial tour and was travelling in princely
style. His arrest was an outgrowth
of the Phelps trouble After lying in
jail in Chicago several days, he was
taken to New York city and then to
Albany, where he succeeded in getting
bail. A few weeks ago he was re arrest
ed at the instance or the stockholders
of the Maxwell grant They alleged
that he had swindled them out OF a
hundred thousand dollars. He was
released two weeks ago, giving bail in
the sum Of 100000. All of this time
the Phelps case has been dragging
along in the New York courts. II
finally simered down to a PLAIN charge
of embezzlement and the information
last filed against Sherwin charged him
with being an accomplIce of Phelps.
He was ordered to be In court this NOR
ming to answer a charge of contempt,
and was sentenced, as stated in the
news dispatch, to spend two years in
the penitentiary. His young wife Is
in New York city.
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