The sun., 1894-05-06
NEARLY S1,OOO,OOO STOLEN.
MDoS<LD INDICTED ron JooTINs
TWo SAN FRANCISCO BlSKa

His Bond Fixes st s1oo. .ooo-Most OF ths
Mo.ey Lost q. wnsc.t sche-es - Lew.
ysrs Get . Lot-His Political Aspirnts-s.
BAN Francisco. May 5.-The climax Of the
frauds Of young Richard IT, Mcdonald IN con-
nection with the Pacific Bank and the Peoples
Home Savings Bank came to-day. when Mo-
Donald was indicted for felony and embeszls-
ment and his bond was nxed at S10U.00Q
Mcdonald. until recently. was vlce-President
and general manager OF both banks. So reck-
lessly did he use the funds under his control
that In Eve years he wasted very nearly
81. .oO0.000
Last August during the financial strinRen-
| cy. the Pacific Bank suspended. and = few
| days later the Peoples Home also closed Ito
doors Since then the depositors Of both in-
| stltutions have been making efforts to get
| some Of their coin. but without success Me-
Donald By various technical devices retained
| charge Of both Institutions until recently.
| spending large sums for fees OF lawyers who
| aided him In his trickery. No such reckless
| banking as Mcdonald carried on has ever
| been known here.
OLD DR.. Mcdonald. now sick in New York
founded the Pacific Bank in 1858. He had .
large circle OF friends who intrusted their
money TO him. and he was in the habit Of send
| ing out tenn perance tracts with his bank adver-
| tisements.. He built up . large business. but.
about I'VE Years ago. falling health forced him
SbSrss DbIass his e. iS H. hsNRgSss II
speculative by nature. eHd he has apparently
no morsl prlnelplei Hence it soon becsm:
ssptHs SSSS Ss iS% nS Colon;
colony is now carried on By the Pacific Bank.
vi" s5SS6 5sSSS Ds. the 81
IN the Los Angeles electric road. with
nasa 9. he The hs.rfSSffd S.Sf VI. sss. sss nS ssS: %da:
than 9pVs1thITd io out o. thl. Investment; Nor.
MS8onsid's % friends Wv who carried on BANK e IL IN
Riyerside. And slb1000 was wasted on the
.Haoa iusstrates MigSa,s which MoR9p. I.
would aid him in. his ambition 70 become dov:
srnOr Of Cslliornis Then SSS 600 Tt: was;ssd s
ESH .ms ns snd
eSsq' ossa iGS1 TS.
amounted to sS57. 1851. and. with other steal
ings. these raise MoDonald's lootinR to six
The remarkable feature Of young McDon-
sound 6usns:. mem that % bs1fins %ethed:
were legitimate; Other bankers always dis
n:'d e sn sG' ,So e
concealed oyerdratts. SO that for long time
the Bank commissioners reported the Pacific
sDsn Il isuSs Ss.9sd .s II brsna sf law:
yer. and others to aid him In his work.
the Goysrnorship. and he printed over his
signature In the magazine. articles on politics.
the Nicaragua Canal and other public topics.
| which were written for him BY ex-Gov. Shell
don. Mcdonald Is illitsrate and cannot die
tate grammatical businss letter. but be was
that he had them issuad In pamphlet form.
| with his portrait as the frontispieee.
the large ball demanded. This. by the way. 10
the largest bail bond ever REQUIRED In Califor-
fence. His conviction 10 considered certain,
As there 10 . mass Of evidence against him. IL
he wsakens and tells all he knows. Il is thought
thar half dozen bank officials and lawyer.
will accompany him to state prison some OF
| vault Of the PEOPLES Home Of all its coin and
securities this week. the night before the 70.
| ceiver took charge.