davidaulloa/AmericanStories huggingface dataset:
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1898-08-02

along these lines. There will he little
trouble in getting adventurous Ameri-
cans to colonizc these inviting islands
once they como under the protection
Of the Stars and Stripes; but It Will
not be so easy to guide this emigration
into prudent channels and to avert the
disappointments, suffering and per-
chance loss of life consequent upon In
sufficient forethcught and preparation.
We have seen at Santiago the dangers
and disasters Of unprcparcdness in a
military invasion and 1t remains to
impress upon the public consciousness
when peace is restored that great II
not equal perils will confront the in
vaslon Of fortune-scekors who do not
take pains thoroughly to equip them
selves in advance. Inevitably these
captured islands will be Ameri-
carized, since that, to use a
tine-worn but indsputably true
phrase, is manifest destiny. The
law of evolution as applied TO
nations forbids any other outcome.
But he will be a conspicuously deserv-
ing benefactor who shall contribute
to making this process of Americana
cation as easy as possible and as little
fraught with honorably avoidable sac
rifices.
We want no Klondike skeletons in
our frcshly-wor tropic isles.
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1898-08-02
Lewis, Reilly & Davies
ia AND 11e WYOMING AVENUE.

will suffice for the work we shall have
to do.
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1898-08-02
FlNLEY'l 8
Mem s
Fur lniShl-
ingS . . . .

The last ten days i'm
July will be devoted
to clearing up stocks
i'm general throughout
this department, when
everything i'm the line
of summer goods or
broken lots of amy de-
scription will be closed
out regardless of cost!
Boys Shirt Waists
and Blouses, Mems
Negligee Shirts, Mems
Balbriggan I'm d e r.
wear, Neckwear, Hos
iery, etc., etc.
The San Francisco call., 1898-12-01
ooo oo oooooeooe oooooo oooooooo c

Carr was to act. There can be no ques- ton that the agreement was perfectly legal c-,d bound both parties. One half of the stock belonged to the Pacific Bank and, by the consent of that insti- tuition, foolishly given, the other half belongs to Sherman.
 Yet this great manipulator cheated the bankers out of their half and kept the whole for himself. The history of that financial knavery constitutes the evidence that will be submitted to the Superior Court of this city to compel Sherman to give up a quarter of mil- lion dollars that the authorities of the bank insist does not belong to him, but to the creditors of the Pacific Bank.
 Under the circumstances indicated the Los Angeles Electric Railroad cor poration was organized. The Pacific Bank and Sherman having retained f1fty-one per cent of the stock, there remained for other uses forty-nine per cent, which was distributed in va riety of ways and for variety of req sons. There was influence to be bought and stock was given to purchase this influence When the conspirators went to the Pacific Rolling Mills to demand large concessions the names of suchmen as A. N. Towne, R. H. Pratt, Samuel Miller, J. T. Bass and J. M. c. Marble were shown as stockholders in the electric railroad. These men possessed power and standing. but they paid nothing for their stock.
 Later in the development of the scheme it was shown that certain off cers of the Pacific Rolling Mills, such as L. B. Benchley, also possessed stock. These men were influential and Sher- man needed them in furthering his scheme. After the organization of the corporation and the issue of the bonds Sherman possessed an absolute control. Even then Frank Mcdonald vigorously objected to the high-handed proceed ings of his associate, but his objections were in vain At one time two boards of directors were in existence and ope- rating, but Sherman always won the victory.
 He had the absolute disposition of the funds of the railroad. He bought the site that the power house now stands on and paid for the purchase in bonds to Easton 6 Eldridge. In all the
 
 Sherman was forced to account to no one. He bought land and extra cars and franchises and the reputation of men and he was responsible to no one but himself After he had gained this tremendous power and had won for tune he determined to attack, and if possible ruin, the very men who had assisted him to give him power and money
 Late in 1892 he was determined to is- sue new bonds and crowd the McDon- aids out of the road completely. To do this 1t was necessary for him to obs tain the stock which Frank Mcdonald as cashier of the Pacific Bank had pooled with him. He went to New l York with the deliberate and dishonest purpose of getting more money out of the McDonalds to support the danger
The San Francisco call., 1898-12-01

man must now defend his ill-gotten gains and explain a remarkable series of incidents that marked his operations in the Los Angeles Electric Railroad.
 In the complaint of the Pacific Bank the history of the secret agreement be- tween the cashier of the institution and Sherman is set forth at length. It will be remembered that the Los Angeles Electric Railroad was incorporated in 1887 under the laws of the Territory of Arizona for $5,000,000. The incorpora- tion was made under these laws for the deliberate purpose of avoiding stock holders liability. Sherman and the Mo Donalds intended to make great profit out of the cable road in the southern city, and Sherman's purpose was not only to ruin and then possess the cable road. but to bleed the Pacific Bank and every other corporation and individual that could be induced to enter into his scheme.
 After the incorporation of the railroad, B. O. Carr, the brother-in-law of Sher- man, was manager of the Peoples 8 Home Savings Bank and in a variety of ways assisted Sherman to secure franchises from the Los Angeles Coun- ell and prevent the McDonalds from becoming uneasy. In 1889 Frank Me- Donald, acting not in his individual capacity, but as cashier of the Pacific Bank, entered into an agreement with Sherman to pool 25,5O0 shares of the capital stock of the railroad. This pool was made in order that Sherman and the McDonalds might retain a control i,,e fofa iv,f 10 Rolling Mills had been induced to enter the scheme and Sherman was fearful that in the progress of the affair the control might be wrested from him.
 He therefore made his agreement with the McDonalds, scheming at that time not only to deceive the Pacific Rolling Mills and the capitalists inter ested Tn this institution, but ultimately to force out the McDonalds and seize entirely for himself the control of the road With these thoughts in his mind Sherman made his agreement with the Pacific Bank, and 1t is upon this agree ment that H. G. Meyer, the president of the defunct institution, now declares that Sherman has cheated the Pacific Bank out of a quarter of a million dol lars. When Frank Mcdonald and Sher- man made their agreement in 1889 they specifically provided that 51 per cent of the capital stock of the Los Angeles Railroad, or 25,500 shares, should be voted by the representatives of the Pacific Bank and Moses H. Sher- man. under joinr instruction from both. In case the tua parties to the contract could not agree then the stock was to be voted by the person into whose hands 1t was placed in such a manner as to retain to Sherman and the Pa cific Bank a control of the road.
 The pool was made for ten years and the agreement and the 25,50o shares of stock were placed in the hands of B. O. Carr, the manager of the Peoples Home Savings Bs.ak, sEd the brother in-law of Moses Ii. Sherman. Under the conditions named in the agreement
The San Francisco call., 1898-12-01

ous venture in which the younp banker had been cau"ht. While decid- ing to crowd the McDonalds out alto gether sherman schemed also to make $5O,OOO more out of them, and he went to New York and made his cringing plea that more money was absolutely needed and he must obtain 1t or the road would go down. He represented the condition of affairs as most des- perate,, and, as The Call has already described, he procured $50,00 more
 He then began his gigantic scheme to keep for himself the money which the Pacific Bank now demands after a period of almost six years. In order to cheat Frank Mcdonald out of the stock that had been pooled Sherman declared that in order for him to continue the operation of the electric railroad it would be necessary to assess the stock. This assertion immediately frightened Frank Mcdonald, who was doing every thing in his power, even to the recourse of desperate measures, to retain money and not to give it up. He declared that it would be absolutely impossible for the Pacific Bank to pay such an enor- nous assessment at that time.
 Sherman shrugged his shoulders and declared that the young banker could take the consequences. Having fright ened Frank Mcdonald to the degree he wished, Sherman proposed his two schemes which the Pacific Bank now declares was a most outrageous fraud. Frank was told by Sherman that a wealthy relative had agreed to loan the Los Angeles Electric Railroad Company $150,00 on the stock Frank was de- lighted with this proposition, as it seemed to clear the way for the dis tressed bank. No more money certain ly would have to be paid out at that time and Franks only regret was that Sherman could Not obtain more money and give some to the bank. AS a mat ter of fact Sherman did not have a lender for any of the stock and did not expect to meet one. He knew of no one who wished to loan money on such se- curity, but he was scheming, craftily. to get from Frank Mcdonald the 25.500 shares that had hoer -ooled by the two great parties to the contract.
 When Sherman declared that he had a person who would loan this enormous sum of money he added that as a mat ter of course the stock would have to be placed ip pledge with the lender oi the money. Frank accepted the schem- CTS bait and telegraphed to B. o. Carr to send on to the National Park Bank of New York the fifty-one per cent o1 the stock which the Pacific Bank and Moses H. Sherman held in joint inter. est Sherman was DrOgressinp uifb his customary good luck. The stock and the agreement of the pool were sent on to New York and Sherman dis. covered, through legal advice, that his title to all of the fifty-one per cent of stock did not belong to him because of the secret contract that had beer made with the Pacific Bank through its cashier, Frank V. Mcdonald.
 Sherman informed the young banker that as each of them possessed a halt
The San Francisco call., 1898-12-01

Moses H. Sherman was sued by the Pacific Bank in the Superior Court of this city yesterday for a quarter of million dollars. The authorities Of the Pacific Bank have at last begun legal action to make the great Los Angeles manipulator disgorge some of his ill., gotten gains and to force him to a res tftution of part of the enormous sum of money he obtained from the defunct bank through his unexampled financial knavery.
 The sensational action which was commenced yesterday in this city will be prosecuted rapidly to a conclusion. The arch -conspirator who has been made defendant will be forced to give an accounting of his conduct of the Los Angeles Electric Railroad. The creditors and depositors of the Pacific Bank, if the suit against Sherman be successful, will recover dollar for dol lar what had been stolen from them The institution of the suit against Sherman Is the direct result of the startling expose which has been made by The Call.
 In denouncing the scoundrels who ruined the bank and in exploiting the true history of the conspiracy that brought destruction to the institution, The Call has supplied the evidence ,inon which the creditors base their legal action for restitution. Through the efforts of The Call the valuable property situated upon Market street in this city was shown to be posses sion of pr. R. H. Mcdonald, aga7nst whom the statute of limitations has not run, and who may still be sued. This property has been seized by the credl- tors of the Mcdonald bank. The enor- nous landed estates of Dr. Mcdonald at Norfolk, Va, may also be attached. as The Call has proved that they De- long to pr. Mcdonald. It has been shown that other valuable property is subject to legal execution, and now Mo- ses H. Sherman must show why ne shall not give up one quarter of mill lion dollars that he received from the bank and which the authorities of the defunct institution now claim right fully belongs to the creditors. The evil dence upon which this claim is based has been kept for nearly six years a profound secret.
 There was contract entered into be- tween Frank Mcdonald and Sherman by which the latter became trustee for the McDonalds in the great Los Angeles Electric Railroad. The history of this contract and of the measures dishonorably adopted by Sherman to evade the fulfilIment of his obligation are of the greatest importance to the creditors. It has been claimed that the statute of Limitations operated. but this is not the fact, as the suit has been brought by attorneys who thor oughly understand their business and are not engaged in the occupation or bringing useless suits. The action that was instituted yesterday was brought by Denson, Oatman & Denson, acting for the Pacific Bank The complaint was sworn to and verified by H. C. Meyer, the president of the bank. Sher-
The San Francisco call., 1898-12-01

interest it would be necessary for both of them to sign joint note and thus commit the bank again. Rather than sign such note Frank Mcdonald agreed to turn over all of the 25,500 shares to Sherman. When the willy conspirator had carried his point he did not tarry long in New York. He was soon on his way back to California to complete his arrangements for his new bond deal in which he wished to force the McDonalds out of the corpo- ration. The McDonalds had not dis covered single trick of the great schemer.
 While Sherman was in New York and was showing Frank Mcdonald how ab- solutely necessary it was to obtain all -of the stock that had been pooled the arch h-conspirator was far-seeing. He secured from Frank Mcdonald a nomi- nal bill of sale for his half of the stock. McDonald gave this bill of sale under several distinct understandings. He believed, because Sherman so repre- septed to him, that there was chance of securing bona-fide loan with this stock as security. That assertion on
 
 Frank Mcdonald then believed that if he did not give nominal bill of sale he would have to sign his name to a joint note with Sherman. The young banker protested against this, and Sherman declared that in consideration of the fact that Frank Mcdonald gave to him this nominal bill of sale Sher- man would sign the note himself, pledge the entire 25,500 shares of stock receive the loan of $150,000 and place the money to the advantage of the Los Angeles Electric Railroad.
 All of these assertions and promises were absolute falsehoods. Sherman s only scheme was to obtain possession | of the stock in order that he might make new bond issue for his road and clean the McDonalds out.
 This is the gigantic fraud upon which 1 the Pacific Bank will now base its de mand for restitution of a quarter of a million dollars. The correspondence and l the other collateral evidences of Sher- mans deceit will be produced in evi- dence. and it will be shown that the great schooner received this nominal bill of sale that gave him another great for | tune under the grossest misrepresenta- tion. As already indicated, when he hao obtained the 25,500 shares of stock ano Frank V. McDonalds nominal bill o1 sale. Sherman left New York and hur- ried on his way to this city to complete his plot and issue his new bonds. As usual, he was successful in his machin. ations.
 new bond issue was made of s3,000,. GOO. with $250,O00 on the side, ostensibly I for the improvement of the road. The company in this gigantic conspiracy l was even to change it's name. From being the Los Angeles Consolidatee Electric Railroad Company 1t was te become the Los Angeles Railroad Com pany. Under the new deal Sherman had a great many influences to control There was considerable dissatisfaction with his management of the road. Il was said that he had not acted fairl,
The San Francisco call., 1898-12-01
SENSATIONAL SUIT FILED
The Great Conspirator Accused of Violatin! a Sacred Trust as the Agent of the
 Institution.

H
 
 umtwe
 
   nIaHow tMssH nst head d Henu
 
  
  dd dnnety efypy n mtnf hd f un and wa hl whep popetb ~ ~i ~ swoudpeu ,@eyd TtN N 1 y tpo d against Moses ofter ftwo Hegnm m H w n
The San Francisco call., 1898-12-01

with the bondholders and there was some suggestion of a change of man. agement. Sherman propitiated the va rious interests and was equal to every emergency that presented itself. He de- clared that he would surrender the con- trolling interest in the road and would give over for distribution among the bondholders 51 per cent of the stock.
 If he would do this in good faith the bondholders would then control the road, elect its directors choose its man agers and supervise the expenditure of its funds; but Sherman, as usual, was deceiving Under the terms of his own agreement he was to retain 49 per cent of the stock and thus be in an apparent minority As matter of fact, how ever, under the terms of this agree ment. which was accepted. Sherman succeeded in still retaining 51 per cent of the stock, and consequently a control of the railroad. As stockholder he held 49 per cent of the stock. and as a bonlholder he was entitled to per cent on the terms of distribution among bondholders, which he had proposed, and the men with whom he was dealing had accepted.
 IL was not uIltll dlLeT tUc llTSI uOdlo of directors was chosen that the shrewd financiers understood the knavery of Moses H. Sherman. When this board of directors was elected it was found that six of the nine members represented the interests of Moses H. Sherman.
 This was one of the cleverest and craftiest schemes that Sherman ever accomplished in his manipulation of the Los Angeles Electric Railroad, and in its accomplishment he went even further than has already been indi- cated He received from the men he had duped $40,000 as bonus for bring ing about the reorganization of the, company and for fooling the bond- holders into a belief that he had given up to them the control of the road. In outline this is the history of the l great scheme by which the Pacif1c Bank now claims that Moses H. Sher- man cheated it's creditors out of one l half of 51 per cent of the capital stock of the electric railroad. The bank as- serts that during all these proceedings and in all these transactions sherman was acting as the trustee of the Paclnc I Bank and not in his individual capaeA lity. The president of the bank, in the complaint which was filed yesterday, declares that Sherman has violated 1 this trust and had since disposed Of the pooled stock interests for sbOO,ooV. The bank therefore sues for an ac- counting and for $250,000. The com plaint in which these various allega- tions are made is an interesting docu- ment and is given in full, as follows: LEGAL SUMMONS FOR
 SHERMAN TO DlSGORGE
 County of San Francisco, State of I California
 Pacific Bank Ga corporationl, Plaintiff,
 vs.
 Moses H. Sherman, Defendant. l l.
The San Francisco call., 1898-12-01

@ acoroato through prn c Meyer sh to g O p ,Hehre demands Q ~ to it
The San Francisco call., 1898-12-01
LEGAL SUMMONS FOR
 SHERMAN TO DISGORGE

In the Superior Court of the City and County of San Francisco, State of California Pacific Bank Ca corporationl,
 Plaintiff, vs. Moses H. Sherman.
 Defendant.
 l.. For cause of action against the
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1898-06-21
MISSIONARY JURISDICTION.

June 10 Sunday, Lenoir.
June Goth, Monday, Yadkin Valley.
June 22nd, Wednesday, Wikcsboro
Convocation.
june 23rd Thursday, Wilkesboro Con
vocation.
June Goth, Sunday, Beaver Creek.
June Goth, Sunday Afternoon. jefferson.
June 2Sth. Tuesday, Dresden.
June Doth, Wednesday, Elk Cross
Roads.
June 30th, Thursday, Boone.
July LIST, Friday, Blowing Rock.
July Bird, Sunday, st. Johns.
July 3rd, Sunday afternoon, Vale
Crucis
July 9TH, Thursday afternoon, Gambler.
July Sth, Friday morning, Leicester
July Sth Friday Afternoon, Grace.
July 9th Saturday morning, Chunn's
Cove.
July 9th, Saturday afternoon, Haw
Greek.
July 10th, Sunday morning. Asheville,
Trinity church.
July 10Th, Sunday Afternoon, st.
Matthias.
July 18th, Monday morning, Old Fort.
July 18th, Monday afternoon, Marion.
July 18th, Tuesday. Morganton and
Burke county.
July 18TH Wednesday, Morganton and
Burke county.
July 14th Thursday, Morganton and
Burke county.
August 18th, Sunday, Murphy.
August 10th, Wednesday, st. Johns,
Nonah.
August 18th, Thursday, Franklin.
August 18th, Thursday afternoon, st.
Cynrian's.
August 18th. Sunday, Highlands.
August 10th, Tuesday, Cashiers Val
ley.
August 18th. Thursday, Brevard.
August Goth, Saturday, Bowman's
Bluff.
August Dist Sunday morning, Flat
Rock
August 21st, Sunday afternoon, Hend-
ersonvile.
August 22nd. Monday. Saluda.
August 23rd, Tuesday, Tryon.
August oath, Wednesday, Gireaths.
August 18th. Thursday, St Pauls.
August 26th, Friday, Shelby.
September 9th. Friday, Hickory.
September 18th, Sunday morning,
Waynesville.
September 18th, Sunday afternoon,
AIicadale.
September 18th, Tuesday, Cullowhce.
September 18th, Wednesday, sylvia.
September 18th, Thursday, Bryson
City.
September 18th, Sunday, Calvary
church, Henderson county.
Celebration of the Holy Communion
at all morning services. Offerings at all
services for the Missionary Work of the
Jurisdiction
JOS. BLOUNT CHESHIRE, Jr.
Bishop in Charge
Raleigh, n. c., June 10, 1898.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1898-06-21
REMARKAHLE CrRE.

Mrs. Michael Curtain. Plainfeld, III.
makes the statement that she caught
cold, which settled on her lungs she
was treated for month by her family
physician, but grew worse, He told her
She was hopeless victim Of consump-
ton and that no medicine could cure
her. Her druggist suggested DR.. King 8
New Discovery for Consumption; she
bought bottle and to her delight found
herself benefited from first dose. She
continued its use and after taking six
bottles, found herself sound and well;
now does her own homework and is rs
well as she ever was. Free trial bottles
of this Great Discovery Mt any drug
store. Large bottles 30 cents and S100.