The herald., 1893-10-23
Highest of all in Leavening PowerIatest U Govt Report
RH,A!:,..I!. a. Bss''g PsM5sg3:
ABSOLUTELY PURE
ABSOLUTELY PURE

representing Chicago interests. / was
fully exonerated. The best proof of this
is the fact that following this investiga-
tion, these gentlemen all being in Los
Angeles, the final consolidation OF all
the Los Angeles roads was approved and
l was unanimously reelected president.
"As to the charge that the minutes OF
the proceedings of the meetings OF the
corporation were altered can only say
that the minutes were left to the secre-
tary, F. V. Mcdonald"
Mr.. Sherman was quite strong in bis
denunciation OF all these charges. heier-
ring to their origin he said:
~ will now give you the full solution
of this whole business. The thing eman-
ates from one sourcs-R. III. Mcdonald,
jr. 1t is now evident to the whole COM
munity that he alone is responeible for
the mismanapement OF the affairs of the
Pacific Bank, but he seeks to gain sym
pathy by making an effort to place
portion OF the responsibility on the
shoulders of some one else. He has en-
ployed three men to dog my footsteps
night and day. He has sent one man,
at his own expense, to Los Angeles,
Arizona and elsewhere to gather reports
concerning my business affairs, out OF
which he has built up this story, with
the rumors of which you have acquaint-
ed me tonight. After having procured
such reports as he could. this man has
approached me several times with
view of intimidsting me or forcing me
to buy him off. Having failed in all
his efforts to intimidate or blackmail
me, he has spoken to others and has
threatened to have the story, just as he
has prepared it, published in the press.
This man is in almost hourly communi-
cation with Dick Mcdonald. He has
been peddling his story around, and has
offered it to several papers, am in
formed.
"Many OF these reports have been
published. The Buckeye Blade of Arl-
zona, some four years ago, ran just
such sort of stuff.
THE INSURANCE STORY BAsELEss.
Stephen D. Ives, general agent of the
Fireman's Fund and other companies
which he then represented, carried over
one-third of the insurance on Mr.. ,Sher-
mans buildings. In speaking OF the fire
last evening he said:
"This fire took place about two years
ago in the town OF Prescott. Ariz. The
pIOp6TIv utebIOycu CtuclsaCu VI lOut VI
five large frame buildings used as stores
and for other purposes. Among these
buildings was hotel, together with a
warehouse and other structures. The
buildings destroyed were comparatively
new, aud come of them had been but
recently completed.
Notwithstanding the fact that Mr..
Sherman was absent from the county
there was some idle talk among ire
spousible persons, with reference TO the
origin OF the fire. These reports were
investigated by the adjusters on the
loss So carefully as possible, and it was
decided that they were entirely un-
worthy Of notice.
"The total amount OF the insurance,
including that upon the hotel and its
furniture, was about $780, 900.
Upon Mr. Sherman's return few
days after the fire full proofs were fur.
nshed the adjusters of the cost of all
this property. consisting of invoices and
other vouchers, these again being veri-
fed by the books of the banks where
the business was transacted and where
the different bills referred to had been
paid by Mr.. Sherman with checks.
sit was Estimated that the loss was
several thousand dollars in excess OF the
insurance. The claims OF loss by reason
of the fire were fully and freely paid by
the companies interested"