The San Francisco call., 1898-11-09
SHERMANS CRAFT WON ONE HUNDRED THOUSAND DOL
 IhPC hGRE
LARS MORE

On December 13. 1892, the old man, bowed down by the weight of worry, penned a letter touching sadness. He reminded his sons that they were re- sponsible for the wrecking of the bank. an institution that had been his pride and which he hoped would preserve fortune and bring homer to his sons. In his old age he saw the work Of his life crumbling into worse than nothing, and he cried to God to explain to him this mystery of misery. He reminded his sons how he had fought sherman with all the determination at his com mand when the Los Angeles -conspira- tor came to him again to demand another loan of 5000.
 The old man wanted them to let the road go and suffer the loss as 1t stood. His sons oVerruled him and Sherman in his fiattery and craft obtained sl00, ,000. As if this were not enough the old man begged Dick to remember that after they had lost $40. GOO in the John Brown colony he wanted to draw out and charge the loss to experience. but they would not listen to the advice and went deeper into the scheme until they stood to lose $500, ,000 with absolutely no pros pect of saving themselves. Dr. McDon- aids letter is as follows:
 ASTOR HOUSE, N. Y, Dec. 13s 1892
 My Dear Son Richard: It does seem if anything can be relied upon that there will soon be an end to these de- lays and we will get some money, but that bad. bad, bad. bad Los Angeles, road building is indeed a severe blow to us. and how much We will lose by it, is not yet easy to estimate.
 You will remember when Marble and Sherman came to me at Paso Robles Springs and pressed me to loan S1QO,00O
 to help the road I refused and was stubborn and determined to let the road then and there go into the. hands of a receiver and we take our chances with others as to the outcome, but you and Frank went on over my head and
 did the very thing I had determined
 I would not do. If we had stopped from s25 600 to 5O,e9O, and now we will not get out of it in a loss of two or
 three times that amount.
 When we were into the John Brown colony for about $40 900 stopped and
 let 1t go, make what loss we" must and get out of it. You and Frank lift
 ed right over my head and made a
 clear up with loss of S10O,00O will feel we'll satisfied. And other mat, ters have gone much the same way.
 Most of them planned and the obliga- tions made in secret. Had the facts been known 1t is not likely that they would have occurred. But we are into there is no use for us to complain or growl of sweet milk spoiled and lost. The question is how to get out of them if such a thing be possible.
 The failure of the Pacific Bank will be a terrible blow to me in my old age It has always been my pride and intended as the monument over my grave andsa rich inheritance to my children as an honorable mention to them and by the people of them. But we know not what a day may bring forth. It is said riches take for them- selves wings and fly away very often, the truth of which we are verifying, While these financial matters are in- ? deed troublesome, they are mere mat ters of money, and I never did care much about money in my life for the sake of having money merely. and