National Republican., 1888-05-21

TIE news comes from san Francisco that
ex-senator Fair has at last secured absolute
control Of the Nevada Bank. j. G. Flood and
p. II Fols. his intimate friend and busiuys,
associate. having resigned from the board ot
directors and being succeeded by J. $ Flood.
son Of the former, and 4. +. Davis, II former
associate of Senator Fair in the South Pa 'iiir
Coast railroad. The elder Flood is In bad
health and Is going to travel In Europe. ltis
expected that John \. NnCkcy will also retire
from the bank having ceased some time ago
to take an active interest In It's management
II Is only In san Francisco that this great
change in the affairs OF the Nevada Bank ctn
he entirely cumprchcndcd and the meaning Of
II to the men prominently involved. y year
ago Mackey and Flood We're in full con.
troll and the bank was rcputcd to
he fGbuluusly rich. It's capital was $50, ,0oO,Oo0
and It's business enormous. The Nevada Bank
was John 4. Mackcy'S pride. lie had been
heard many time to declare that il. of all
the enterprises he had ever created. nr with
which lie had ever been associated, hal
his greatest care aud admiration. lie had
worked years before 10 get rid of Fair, who
was in the original organization. lie had
paid Fair large sum for his interest and the
two became enemies. as Fair had as much
pride in the bank Us MackCv. lie was really
forced out Things went smoothly enough
until the collapse of the great wheat deal In
san Francisco last August. The Nevada
Bank had made advances amounting to
millions to the men who lost. The money
could not he returned and the loss was 50
heavy the bank was crippled. A short time
after the Wheat corner was smashed the
startling announcement came that senator
Fair had gone bad into the bank For the first
time II was suspected that Mackcy had been
dealt heavy blow and that he was not as
rich as lie had been reported To- be- If he had
not been strained badly, his arch enemy
would never have been asked to come back
into the bank. Fair had several millions Of
ready money and he stepped in and saved the
bank from ruin The people of san Fran
cisco were simply thundcrstrWck. They,
with the balance of the world, believed
Mackcy to he worth forty ur fifty millions,
perhaps a hundred. II had been proved that
| he could not command enough ready cash
to save his bank from failure Both Mackey
and Flood felt the blow. Their pride was
| greatly humbled. Flood went ont to his
country seat, the old RalstOn place, and had
long attack of illness, from which h. has
not yet wholly recovered It Is said
| by those who know him that he will never
| again be well man. Mackey soon left san
| Francisco and went to Paris, where lie has
since lived in comparative secusiOn. For
merly he was cOnStantlXpassing to and fro be.
! tween America and Europe being very busy
man. If he has been TO America at all since
| he went over to Paris after the disaster Of last
| year he has come and gone so quietly that no.
| body knew 1t. Mrs Mackey has also subsided
| into a less ohtrusiyc existence She is seldom
| spoken of now in the press of either Europe
or America. Mackcy Is probably a rich man
| yet, but that he has any such wealth as was
formerly reported is absurd, \ French writer
has recently written book Oh the rich men
of the world. He puts Jay Gould down first,
giving him S2i5 100000, and Mackey next, Civ.
inghim $3.50, 600, thus making him the sec.
ond richest man in the world. 1t is not neces.
| sary 10 say that this Is ridiculous