The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1898-11-04
THE CONSPIRATORS ESCAPE THE
BANK EXAMINERS AGAIN.

A few days later Frank Mcdonald, N
writing to Dick indicated with studied
clearness that he was fool. A certain
transaction in which M. H. Sherman
was involved gave Frank splendid
opportunity to show that he did not
possess common sense. He believed
that he had imposed on Sherman but
the latter, as a matter of fact, had de-
ceived the young banker and had taken
the first step toward foisting upon the
Peoples Home Bank another practical
ly worthless security. In this letter
Frank discusses incidentally his evil
dent satisfaction of the fact that Dick
and the insolvent Pacific Bank mad
again escaped the scrutiny of the Bank
Commissioners. The bank was again
insolvent and had been for over q year.
The elder Mcdonald, his two sons and
the parasites that fed upon them knew
that fact and congratulated themselves
that another period of robbery had
been insured. The letter was as fol-
lows:
N Y, Oct 81, 1892.
My Dear Brother: ] am so glad you
are through with the B. c. ordeal, and
now we. shall have a breathing spell
in which to work harder than ever,
but not under quite the same nervous
strain. 1 hope in the next few weeks
to get you IN some money from one
source or another, but things move
slowly; Those around me of little use
were not able to block us entirely, al
though they had delayed us several
weeks. AS you will see, from inclosed
tional. l have been tending to that
matter, but they are rather fussy and
finicky. and in the long run will not be
correspondent you will wish to keep.
Their cashier is not cut on a broad
enough gauge, although in many re-
speets spec h very sTSo nice dS i, young man first
seemed not to wish any bonds that
were not listed In the market here, and
said he would prefer our bills receivable.
He said he did not know and could not
inquire about what was at the basis
of bond value, SO as to explain the
bills receivable spoke for themselves
and were divided risks and ETC., ETC.,
as you will readily understand. then
waited until the Dyer matter was adj
fathers idea of what was the best
that you could do under the circum-
eral as I have already advised you to
the United States National and the
cashier accepted It. He asked me
him I considered him worth $500 900.
1t may be l can work in $4,000 of j
Gage notes. and Il so | will return you
rived yesterday-but he has been so
busy with some matter cabled for by
Mr.; Murphy in London that | have
pect to see him tomorrow. hope. you
will tell Crank nothing. He has been
false to US in every. particular, and you
must be very cautious of him and his
ally Woodland. They are neither of
them fair-minded or honest in their
dealings I am very sorry you ever
let them know anything of these af-
fairs, as it will make 1t that much
harder to work out.
I congratulate you on the Califor-
nian 1t is growing to be an institu-
ton in the land. l also congratulate
you on getting by the. B. c. so well.
1t lifts a great load from my mind.
I am sorry I have nothing but talk so
far to send you, but with DIS affairs
forever hanging SO in the balance and
pa sick and Mattie's affair, besides the
eternal delay, / have been almost sick
and crazy.
The hundred thousand Eiectrics that
first left with the tt. s. / took and
left with the Chemical. I thought, in
view of the tight market here now, It
would look gooa 10, 10 prone aanerd IA ioe Oh
Your loving brother, FRANK.