The Memoirs of General W. T. Sherman, Volume I., Part 1 by William T. (William Tecumseh) Sherman
page 193 of 242 (79%)
page 193 of 242 (79%)
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Business had somewhat changed since 1857. Parrott & Co.; Garrison, Fritz & Ralston; Wells, Fargo & Co.; Drexel, Sather & Church, and Tallant & Wilde, were the principal bankers. Property continued almost unsalable, and prices were less than a half of what they had been in 1853-'54. William Blending, Esq., had rented my house on Harrison Street; so I occupied a room in the bank, No. 11, and boarded at the Meiggs House, corner of Broadway and Montgomery, which we owned. Having reduced expenses to a minimum, I proceeded, with all possible dispatch, to collect outstanding debts, in some instances making sacrifices and compromises. I made some few sales, and generally aimed to put matters in such a shape that time would bring the best result. Some of our heaviest creditors were John M. Rhodes & Co., of Sacramento and Shasta; Langton & Co., of Downieville; and E. M. Stranger of Murphy's. In trying to put these debts in course of settlement, I made some arrangement in Downieville with the law-firm of Spears & Thornton, to collect, by suit, a certain note of Green & Purdy for twelve thousand dollars. Early in April, I learned that Spears had collected three thousand seven hundred dollars in money, had appropriated it to his own use, and had pledged another good note taken in part payment of three thousand and fifty-three dollars. He pretended to be insane. I had to make two visits to Downieville on this business, and there, made the acquaintance of Mr. Stewart, now a Senator from Nevada. He was married to a daughter of Governor Foote; was living in a small frame house on the bar just below the town; and his little daughter was playing about the door in the sand. Stewart was then a lawyer in Downieville, in good practice; afterward, by some lucky stroke, became part owner of a valuable silver-mine in Nevada, and is now accounted a millionaire. I managed to save something out of |
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