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Updated: June 7, 2025
On looking over our bills receivable, then about six hundred thousand dollars, I found Meiggs, as principal or indorser, owed us about eighty thousand dollars all, however, secured by city warrants; still, he kept bank accounts elsewhere, and was generally a borrower.
The superior Miss Meiggs, pondering upon the remarkable change in her classmate, saw with concern this renegade disproving an argument with which she had enlivened many a Theta Gamma meeting. She never guessed with what patience Katharine was training his wandering attention.
William Blending, Esq., had rented my house on Harrison Street; so I occupied a room in the bank, No. 11, and boarded at the Meiggs House, corner of Broadway and Montgomery, which we owned. Having reduced expenses to a minimum, I proceeded, with all possible dispatch, to collect outstanding debts, in some instances making sacrifices and compromises.
A group of girls, chatting on the yellow railing of the steps, watched the approach of the apparition. Pellams Chase coming to Roble! Not since the morning Mt. Hamilton was covered with snow had there been such a phenomenon. "I believe he's coming to take Florence to drive!" said a mischievous Theta Gamma, looking toward Miss Meiggs, who sat frowning at the approaching buggy.
Russ fastened each of the four pasteboard "letters" to a stick at the four corners of Mammy June's ruined house. There was light enough from the stars for the two children to see quite plainly what they were about. Rose, however, was looking all about them while Russ did the work of setting up the printed signs for Sneezer Meiggs to see if he came home unexpectedly.
"Fortunately the Point Reyes lookout had reported her early yesterday evening, and one of the Red Stack tugs the Sea Fox took a chance and went out seeking. Lucky thing for us " "The tug hauled her off then?" "Got a line aboard just in time. I had a telephone message from Captain Murphy at Meiggs Wharf ten minutes ago. The Retriever is anchored in the fairway." "What tug did you say it was?"
I took a trip up to Oroya over the wonderful Meiggs railway. M. Meiggs was an American, who had to leave his country on account of certain irregularities. We reached a height of 16,000 feet, the country being absolutely barren and devoid of vegetation, but very grand and imposing. December 16th. Sailed from Callao for Mollendo, calling at Pisco.
The notes also of H. Meiggs, Neeley Thompson & Co., etc., lumber-dealers, were favorite notes, for they paid their interest promptly, and lodged large margins of these street-improvement warrants as collateral. At that time, Meiggs was a prominent man, lived in style in a large house on Broadway, was a member of the City Council, and owned large saw-mills up the coast about Mendocino.
On this city scrip our bank must have lost about ten thousand dollars. Meiggs subsequently turned up in Chili, where again he rose to wealth and has paid much of his San Francisco debts, but none to us. He is now in Peru, living like a prince. With Meiggs fell all the lumber-dealers, and many persons dealing in city scrip. Compared with others, our loss was a trifle.
I instructed Nisbet to insist on his reducing his line as the notes matured, and, as he found it indelicate to speak to Meiggs, I instructed him to refer him to me; accordingly, when, on the next steamer-day, Meiggs appealed at the counter for a draft on Philadelphia, of about twenty thousand dollars, for which he offered his note and collateral, he was referred to me, and I explained to him that our draft was the same as money; that he could have it for cash, but that we were already in advance to him some seventy-five or eighty thousand dollars, and that instead of increasing the amount I must insist on its reduction.
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