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William Tecumseh Sherman, Memoirs of General William T. Sherman ., volume 1, Chapter 3: Missouri, Louisiana, and California. 1850-1855. (search)
Reilly the teller. Already the bank of Lucas, Turner & Co. was established, and was engaged in selling bills of exchange, receiving deposits; and loaning money at three per cent. a month. Page, Bacon & Co., and Adams & Co., were in full blast across the street, in Parrott's new granite building, and other bankers were doing seemingly a prosperous business, among them Wells, Fargo & Co.; Drexel, Sather & Church; Burgoyne & Co.; James King of Wm.; Sanders & Brenham; Davidson & Co.; Palmer, Cook & Co., and others. Turner and I had rooms at Mrs. Ross's, and took our meals at restaurants down-town, mostly at a Frenchman's named Martin, on the southwest corner of Montgomery and California Streets. General Hitchcock, of the army, commanding the Department of California, usually messed with us; also a Captain Mason, and Lieutenant Whiting, of the Engineer Corps. We soon secured a small share of business, and became satisfied there was room for profit. Everybody seemed to be making mone
William Tecumseh Sherman, Memoirs of General William T. Sherman ., volume 1, Chapter 4: California. 1855-1857. (search)
gladly accepted gold-bars, whereby we paid out the seventy-five thousand dollars of bullion, relieving the coin to that amount. Meantime, rumors from the street came pouring in that Wright & Co. had failed; then Wells, Fargo & Co.; then Palmer, Cook & Co., and indeed all, or nearly all, the banks of the city; and I was told that parties on the street were betting high, first, that we would close our doors at eleven o'clock; then twelve, and so on; but we did not, till the usual hour that nigher obligations. He then agreed to meet me at our bank at 10 P. M. I sent word to others that I demanded them to pay what they could on their paper, and then returned to the bank, to meet Hammond. In due time, he came down with Palmer (of Palmer, Cook & Co.), and there he met Smiley, who was, of course, very anxious to retire his notes. We there discussed the matter fully, when Hammond said, Sherman, give me up my two acceptances, and I will substitute therefor my check of forty thousand dolla