The San Francisco call., 1898-11-10
He Ordered the Theft Of Ten Thousand Before the
 Doors Closed. l. W. HeIInnan, Daniel Meyer D s. Dorn and Sherman Under the Lash of
 Bitter Criticism.

The dramatic story of the guilty
 knowledge of pr. F. H. Mcdonald or
 the events that eliminated in the ruin
 Of the Pacific Bank is concluded this
 morning in the publication of the last
 letters written by the aged financier
 before the crash of his institutions. The Call promised to prove that Dr. McDon- ald was not only cognizant of the con
 dition of his bank but was party to many of the schemes that brought ruin to his affairs and dishonor to his name.
 After the old man fled from this city every effort was made to show that he knew nothing of the transactions that
 were bringing the banks to destruc- tioR.
 The Call has shown that pr. McDon- aid knew everything that his sons were doing tn this city and gave his entire support 10 their action. He command ed them to keep .ilim free from any personal responsibility and to place his private fortune in such a position that no creditors of the banks could attach 1t or seize 1t. He deliberately and shamelessly commanded the gigantic theft of S142, 900. He demanded and re- ceived dishonesty several thousands of dollars more for his own personal, pri- Eate needs. He blackguarded his sons, his brothers and his friends. With abusive criticism he denounced every body connected with the banks and not content with deceiving the authorities he planned what was practically the last robbery of the funds of the Peo- ple's Bank.
 In the letters published this morning The Call will show that Dr. Mcdonald for hi tune in stocks and bonds that he had given to his daughter. These securi- ties did not belong to him and right ] fully do nor belong to him now, but | since the failure of the institution of | which he was president he has been | enjoying the financial benefit of these l properties.
 Many of the letters of the old man | are deeply pathetic. In one of the 1 epistles he tells his sons sadly how he | feels that the end is gradually ap- preaching and he must face his God. In preparation for this terrible ordeal 1 he settled his worldly affairs, made his will returned to the duties of religion and commanded his son Richard to steal ten thousand dollars more before the doors of the bank closed. There is possibly no sadder instance of the hypocrisy of old age than this old man believing himself on the verge of the grave and using the authority of pa- rent to command a son to the commits sion of a crime
 In his concluding letters Dr. McDon- aid criticized D. S. Dorn and Moses H. sherman unsparingly. The opinions of the aged critic in reference to l. w tteltman and Daniel Meyer will be found not uninteresting. His caustic abuse of his brothers James and Jas per adds a peculiar feature of interest To the story His command that he shall not be caught in a trap and that no possible yestfge of fraud be left for the detection of scrutinizing eyes make a fitting climax to the dramatic recital. THE OLD MANS LIFE CLOSING IN
 SHlPWRECk AND DARKNESS.
 In the early part of 1893 Dr. McDon- aid believed that his life was near It's close. The old man wrote to his sons and told them that 1t was his wish to wind up his earthly affairs and prepare for death. He counseled them what to do and how to act. and informed them that he had drawn and executed his will With cry of despair he declared that his long life was ending in ship wreck and darkness. Excerpts from his letter are as follows
 ASTOR HOUSE, N. T., Jan. 2s, 1sss
 My Dear Sons Frank and Richard:
 The truth is I feel a we'll defined be- ginning of the end of my life as never before. My purpose hereafter, as far as l can, will be to,.Set every thing in the best possible shape for my demise. let it come when 1t hay. I am nearly
 a years of age and my time Is or should be nearly come for me to step down and out, I have served my day and generation about as well as I I I o f1.- 4N pass on to that great beyond to where