Louis that money matters were extremely tight; but I did not dream of any danger in that quarter. I knew well that Mr. Lucas was worth two or three million dollars in the best real estate, and inferred from the large balances to their credit with me that no mere panic could shake his credit; but, early on the morning of October 7th, my cousin, James M. Hoyt, came to me in bed, and read me a paragraph in the morning paper, to the effect that James H. Lucas & .Co., of St. Louis, had suspended. I was, of course, surprised, but not sorry; for I had always contended that a man of so much visible wealth as Mr. Lucas should not be engaged in a business subject to such vicissitudes. I hurried down to the office, where I received the same information officially, by telegraph, with instructions to make proper disposition of the affairs of the bank, and to come out to St. Louis, with such assets as would be available there. I transferred the funds belonging to all our correspondents, with lists of outstanding checks, to one or other of our bankers, and with the cash balance of the St. Louis house and their available assets started for St. Louis. I may say with confidence that no man lost a cent by either of the banking-firms of Lucas, Turner & Co., 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 7th of December, 1857, as-
