The San Francisco call., 1898-11-09
THE AGED FlNANCiER DENOUNCES
 THE MEN WHO RUINED
THE BANK

No better summary of the frauds and failures of the Pacific Bank can be given than was given by pr. R. H. Me Donald in a letter on December ,, 1892. The old man in this epistle character izes in clear-cut terms some of the men and not a few of the measures that ruined the Pacific Bank. The aged financier who was striving to save his own private fortune from the wreck that was to come upon his bank eX- coriates the men that attached them selves to Dick Mcdonald and were dragging him and the Pacific Bank down to destruction.
 In the letter which will follow pr. Mcdonald bitterly denounced W. H. Eastland as an utterly useless special detective, a dangerous man who some day might use his power and infOrma- tion for purposes Of blaCkmail. In the bitter words of the old doctor ". Jen- ninGson is one of the biggest liars to be found anywhere and absolutely unfit for any trust. George Mitchell is with out wisdom, judgment or experience No confidence can be placed in Sher- man and the whole crowd are harpies preying upon the bank. pr. Mcdonald certainly knew these men. For years he had been in intimate association with them and by right of knowledge anu the DIlNlESG Ol duLHOIlIE RncW them better perhaps than any one else could know.
 At the same time Dr. Mcdonald de- nounced his son Richard for his unwise and unfortunate secret undertakings ! that had cost the bank many fortunes and were fast tainting its reputation. Having paid his respects to the manip- Ulators and their manipulation Dr. Me Donald, with the wisdom of the fox, reminds his son that nothing must be done to force from the old man a scrap of paper that might make his property subject to execution when the crash comics. Ii is not unlikely that the old gentleman was as shrewd in his judg- ment of Dicks parasites as he was crafty in seeing the end of the Pacific Bank and protecting his private for { tune. His interesting and important 1 letter is as follows
 NEW YORK, Dec ,, 1892. My Dear Son Richard: You have
 sent on Mir. Eastland here, for what special purpose 1 have thus far been i unable to learn. He pops down here i without notice as if sent as a special Of much use in the negotiations going i on or any that is to come up confess J am suspicious of him, and fear he will turn out a dangerous man for us in the end. You seem to have i unbosomed all our doings and bank
 private affairs to him as I think you d bright, smart fellow, who seems to do much or his talking In a whisper, and i have always been suspicious Of such. lie may turn upon us and do us great
 damage or eXtoTt large blackmaii
 You are and have been sending such fellows as he, Jenningson, Mitchell and i IomDiiu from place to place. whom I fear have done far more harm than 1 good, and We know they have done
 injury in more than one instance. You seem to have policy way-a cunning way-ot doing things that l know any thing about, and nearly always proves
 a boomerang that hits the party on the head that attempts to manage business in such way, and will be 1 likely to prove injurious to us in the
 business now in hand.
 That Jenningson, he does not know
 much, but l believe him to be one of the biggest liars you will find any
 where, and always looked upon him as an unfit man for the trusts in his hands. But all these situations you
 took in your own hands, keeping
 everything from others until in the field And there is Mitchell I have a small opinion of his ability for outside
 purposes; and as for Tombln, there is no use in discussing his wisdom and
 Judgment. Our experience with him
 should settle that matter. Now turns
 up this man Eastland. What he can or I will do here remains to be seen. hope he will turn out better than I at the
 present time expect.
 Mir Sherman is working like a
 beaver, but l have little confidence in
 him. Now about Jenningson. Please
 tell me what particular matter he has
 attended to and got money and final
 success out of it beyond the cock and
 bull stories he tells you and others
 and seems to make you believe them.
 While here he was utterly useless for
 any good and laid around doing noth-
 ing and not trying to do anything I think him q cunning, low down, linre-
 liable Jew, that will be likely to prove
 highly injurious in the end. How you
 ever fell in with and placed your con-
 fdence with such a man 1 cannot tell
 How much there is in this detective,
 MT. Eastland, l cannot yet say, but