a
month interest without fail, and without deeming it excessive.
Turner, Nisbet, and I, daily discussed the prospects, and gradually
settled down to the conviction that with two hundred thousand
dollars capital, and a credit of fifty thousand dollars in New
York, we could build up a business that would help the St. Louis
house, and at the same time pay expenses in California, with a
reasonable profit. Of course, Turner never designed to remain long
in California, and I consented to go back to St. Louis, confer with
Mr. Lucas and Captain Simonds, agree upon further details, and then
return permanently.
I have no memoranda by me now by which to determine the fact, but
think I returned to New York in July, 1853, by the Nicaragua route,
and thence to St. Louis by way of Lancaster, Ohio, where my family
still was. Mr. Lucas promptly agreed to the terms proposed, and
further consented, on the expiration of the lease of the Adams &
Co. office, to erect a new banking-house in San Francisco, to cost
fifty thousand dollars. I then returned to Lancaster, explained to
Mr. Ewing and Mrs. Sherman all the details of our agreement, and,
meeting their approval, I sent to the Adjutant-General of the army
my letter of resignation, to take effect at the end of the six
months' leave, and the resignation was accepted, to take effect
September 6, 1853.
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