For several years he was eminently successful in
business; and his strict honesty and integrity secured for him the
abiding confidence and respect of the business community. But the sudden
and extreme depression in business in 1855 closed his doors as well as
those of many other bankers and merchants. By the surrender to his
creditors of all he possessed, even his homestead, which, to the value
of five thousand dollars, the laws of California allowed him to retain,
and which might well be coveted by him as a home for his wife and six
children; every claim against him was promptly met and discharged.
Retaining amidst all his reverses, the respect of all who knew him, he
engaged as a clerk in the banking house of Adams & Co. where most of his
old customers followed him, induced to do so by their confidence in him.
After the failure of that firm, he was for some time out of active
employment. But compelled by the necessities of a large family to seek
it, he determined to establish a daily newspaper and take upon himself
the editorial charge of it.
Pages:
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25