thousand dollars, of St. Louis city and county bonds, and of
acceptances falling due right along, none extending beyond ninety
days. I was advised from St. Louis that money matters were
extremely tight; but I did not dream of any danger in that quarter.
I knew well that Mr. Lucas was worth two or three million dollars
in the best real estate, and inferred from the large balances to
their credit with me that no mere panic could shake his credit;
but, early on the morning of October 7th, my cousin, James M. Hoyt,
came to me in bed, and read me a paragraph in the morning paper, to
the effect that James H. Lucas & Co., of St. Louis, had suspended.
I was, of course, surprised, but not sorry; for I had always
contended that a man of so much visible wealth as Mr. Lucas should
not be engaged in a business subject to such vicissitudes. I
hurried down to the office, where I received the same information
officially, by telegraph, with instructions to make proper
disposition of the affairs of the bank, and to come out to St.
Louis, with such assets as would be available there. I transferred
the funds belonging to all our correspondents, with lists of
outstanding checks, to one or other of our bankers, and with the
cash balance of the St. Louis house and their available assets
started for St. Louis. I may say with confidence that no man lost
a cent by either of the banking firms of Lucas, Turner & Co., of
San Francisco or New York; but, as usual, those who owed us were
not always as just. I reached St. Louis October 17th, and found
the partners engaged in liquidating the balances due depositors as
fast as collections could be forced; and, as the panic began to
subside, this process became quite rapid, and Mr. Lucas, by making
a loan in Philadelphia, was enabled to close out all accounts
without having made any serious sacrifices, Of course, no person
ever lost a cent by him: he has recently died, leaving an estate of