The morning call., 1894-04-13
Dick Mcdonald Wants Peace
Declared.
NO UNcLE's OLIVE BRANCH SEEN
Queer Story of Assurance and OF
Something More in the Bank
Entangiements.

w
has retorted in kind.
The two have been the bitterest in their
respective factions, yet 1t is not now un-
likely that Dick may sue for peace. even II
he has not already done 50. To man in
whose heart snubs, sights and other
things ranKle and tester. it is sonnet times a
satisfaction to punish the last enemy, even
if in doing so an alliance has to be formed
with an earlier opponent. 1t may be that
this was the frame of mind in which Dick
Mcdonald found himself yesterday after
noon and evening.
There is split in the faction which has
the control of the Peo pies Home Bank.
The line of cleavage is quite PLAIN and the
wedge which drove it asunder was the
qualification of an attorneys conceit at the
expense OF prudence.
For some time past Frank NJ. Stone. as
attorney for the Peoples Home Savings
Bank, has assumed the guardianship of
Dick Mcdonald, along with several other
things in which he perhaps stretched his
legal function. Dick seams to have obeyed
his orders fairly we'll and the others about
the bank yielded more or less to his
dictum. On Wednesday, however. Attor-
ney Stone took a step which aroused the
impatience of those connected with the
Peoples Bank when they learned of it the
next day.
There was to have been meeting of the
directors of the Peoples Home Savings
Bank ON Wednesday, 1t was stated at the
bank Yesterday that the meeting adjourned.
As a quorum could not be obtained. How
ever this may be, Attorney Stone. as coun-
sci for the bank, had prepared certain
advisory letters. in which more economic
management was recommended. Directors
say that they did not learn of this until
yesterday. and before it had come to them
Stone had given 1t out for publication ITO
obtain n0toriety az an advocate OF econo-
N.Y." as one man expressed 1t.
The advice to Iiquidate. which one OF the
letters contained, may lead to conse-
Quences which the adviser perhaps would
not care to see, action on the part Of
Attorney General Hart. and the placing OF
the Peoples Home Savings Bank under
the Bank Commissioners.
This perhaps would not prove pleasing
TO Attorney Stone. as 1T is presumed that
he is fairly well compensated for his SER
vices in connection with the Peoples
~
arc less most likely than what he esti-
mated would fall from the Pacific Bank
when he told Attorney Baggett that they
ought to be worth 100000.
The affairs of the Peoples Home Saw
ings Bank and Of the Pacific Bank seem
inextricably involved, and the relations OF
the attorneys to the banks, real. financial
aud personal. are not always easy to trace,
but it is sometimes not an impossible task
to follow this thread of relationship for a
distance, ,untying the knots as they are met.
1t was not very long ago that the present
attorney for the Peoples Home Savings
Bank had quasi connection with the
other institution. 1t was question who
was to win, Dick Mcdonald or M. ii.
Sherman, in the struggle over the wrecked
Pacific Bank. Certain rather ugly charges
had been heard of with reference to
Sherman, and although they had not
been printed in any paper in this
city Stone undertook the management
of having these charges denied be-
fore they could get into print He
in his quasi connection with the Pacific
Bank and Sherman appeared to be on the
most friendly terms. Stone advised and
Sherman obeyed. The result was that
under the direction of Stone, who for
time practically made his home at Sher-
mans room. in the Baldwin Hotel. Sher-
man denied seriatim certain charges,
which he seemed to fear might at some
time be made, and, with Stones assistance,
the long denial of what had not been
charged by any San Francisco journal
aDDeared in morning DaDer.
Still Stone and Sherman continued ap-
parently on the most friendly terms-So
friendly, in fact, that on one occasion, when
both were present in Sherman's room,
man, who had been with the faction but
whom it was considered advisable to drop.
had his caro- returned at the Baldwin with
the curt answer mot in"
At this time Stone was not at all COM
plimentary in his remarks respecting Dick
Mcdonald. But there came change. He
fell out with Sherman and he fell In with
Dick, and the man who had been painted
so black became quite white, and the
other fellows interests were no longer
cared for.
Stones latest advice to Dick seems to
have been to resign from the directorate
of the Peoples Home Savings Bank.
There is a chapter in Stones relation
ship to the Pacific Bank which has not
been published yet w. T. Baggett was
engaged as the attorney for the Bank Com
missoners, and one of the objects was to
oust Sheriff McDade from possession. This
was accomplished, and Judge Hebbard's
interlocutory decree which settled the dis
pute between the Commissioners and the
bank directors went to the Supreme Court.
Just before Judge HebbaId gave his de-
cision Frank Nj. Stone was called to assist
Mr.. Baggett as counsel. Now IL Is said
that Stone forgot his place as assistant,
was not satisfied with equality, and At
torney Baggett has voucbad for what may
appear respecting these things to more
than one. but wanted to manage everything
in his own way. The result was sepa-
ration of Stone from Baggett and the re-
tirement of the former from the affairs of
the Pacific Bank. A morning paper pub
lished very tame account of this separa-
ton as dictated BY Stone in which many
things did not appear.
According TO the story told by Mr.. Bag
get:, Mr.. Stone was engaged as an assist
ant ON the recommendation of certain men