The morning call., 1894-05-07
HE GRAND JURY'S WORK.
Several Attorneys Said to Be
On Its List.
DICK is READY TO FIGHT BACK.
Charges Against the Bank Commits
sioners and NJ. II. Sherman
VIII Be Prepared.

Nine indictments. 1t is reported. will be
returned bg the Grand Jury this morning,
one OF which will contain one or more
charges against Dick Mcdonald. The
other indictments will be against men.
who are or who haye been connected with
the Peoples Home Savings Bank. and II
is said that the legal profession will not
escape this time.
Dick Mcdonald is still In the County
Jail. The obtaining of suretles IN so large
a sum has not been an easy matter for
his attorneys. The bond is for 100000,
and this implies two sureties. each with
realty of the value of 100000. 1t is said
that Captain J. NJ. Mcdonald has ex-
pressed willingness to go on the bonds
of his nephew, despite the recent hnstllI-
ties which existed between the two; and
NJ. j. Mcdonald, another uncle, was
caller at the County Jail yesterday after
noon with words of cheer for his nephew.
A few other friends called, but the men
who drew large salaries and lat fees while
Dick was in the bank. seemed to have
found it inc0nvenient TO visit him at the
Jail.
Attorneys Delmas and ShortTidge hope
to secure the release OF their client to-day,
but if he is released it will be only TO flnu
another serious charge preferred against
him with additional securities asked.
Dick Mcdonald will probably attain the
distinction of having the highest bail bond
ever asked in this State, required Of him.
if the charges continue to multiply, as in
all likelihood will be the case.
He seemed quite cheerfulyesterday. and
expressed confidence that he would soon
be released.
In the bitter factional war for the con-
troll of the two wrecked banks hatreds and
enmites, which will not be forgotten.
were engendered. For those who hate,Dick,
and WHO are as bitterly hated, surprise
is in store.
Charges will be preferred most likely
to-day. accusing the Bank Commissioners
and NJ. 81. Sherman of wrecking the Pacific
Bank.
Dick Mcdonald has asserted all along
that Sherman wrecked the bank, and that
he obtained for his schemes from the
banks funds over S1,000.000. 1t will be
charged that the Bank Commissioners were
IN collusiou with Sherman. and all the cor
TespOndence by wire and by mail Will De
produced by the attorneys for Dick Nc
Donald TO support this accusation.
The telegraphichic correspondence has
passed out of Dicks hands, but it is
where it can be obtained. 1t is in cipher.
and promises to afford some sensational
revelations.
One of these messages wac translated
last evening. 1t was signed by R. n. Me-
Donald Jr., and was sent TO DR.. f. II. Me-
Donald and Frank v Mcdonald about
two months before the Pacific Bank closed
its doors. The message states that the
Bank commissioners declare that the
Pacific Bank owes the Peoples Home
Savings Bank S700 900. and that they are
obiectiDg strongly to this debt. Then the
mes sage adds that the Commissioners ap-
prove the purchase of certain bonds which
Sherman wes trying to float, providing
that he will guarantee them. and declare
that Sherman is a strong man financially.
The inference from the message is that
the Commissioners are using the banks
indebtedness as a club with which 10 nego-
tiate Sherman's loans
Long prior to his arrest Dick Mcdonald
had stated that the commission had favored
the purchase of the bonds which they have
since rated SO low among the assets of the
bank.
The report that Swanberg's securities
had been forwarded to Sweden is dis
credited by Receiver Sheehan. The reason
for this doubt has been withheld by the
receiver, but it has been learned from an
indisputabe source that Attorneys Delmas
and Shortridge recei pted for these seeurI-
ties. The receipt was handed to the re-
ceiver on Saturday last by Emil Belerman,
the recently elected general manager of
the Peoples Home Savings Bank. The
receipt bears ihe signatures of Delmas and
Shortridge and enumerates the shares of
Morgan Oyster COmpanv's stock and Mer-
chants Ice and Cold Storage COmpany's
stock, and the Westphal note for $40, 600,
which were surrendered by the bank.
Delmas and Sh0rtridge will ask to-day