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Sherman, William T. (William Tecumseh), 1820-1891

"The Memoirs of General W. T. Sherman, Volume I., Part 1"

, 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
eight million dollars. During his lifetime, I had opportunities to
know him well, and take much pleasure in bearing testimony to his
great worth and personal kindness. On the failure of his bank, he
assumed personally all the liabilities, released his partners of
all responsibility, and offered to assist me to engage in business,
which he supposed was due to me because I had resigned my army
commission. I remained in St. Louis till the 17th of December,
1857, assisting in collecting for the bank, and in controlling all
matters which came from the New York and San Francisco branches.
B. R. Nisbet was still in San Francisco, but had married a Miss
Thornton, and was coming home.


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