Daily Los Angeles herald., 1878-06-16
Grans as = Mining Bull

Since Professor Cunning, in his
lectures in Los Angeles, denounced
the Comstock lode as played out,
the San Francisco correspondence
of the Pittsburgh Evening 7'ele-
graph possesses special interest.
The correspondent of the 7ele-
graph, who dates his letter in San
Francisco May 23j, rtproduces IT Or
Vile Grant as follows:
Question Are Gen. Grants
finances in such a condition as to
lead the members of Congress to
believe that he needs a pension?
Brother Orville-They are! And
this is what makes the trick seem
so plausible on the surface! 1 really
fear that Don Cameron may get
the thing past Congress before my
brother even has an opportunity OF
say ing he does not want il!
Ques. People don't generally
travel for two or three years in Eu-
rope if they have not what modest
people would consider fortune.
How can the General Pay his ex-
penses, which must be heavy?
Ans.-Upon my honor, my broth
er left Washington comparatively
poor man. Although he has a lit
tie more property than l, he cannot
be said to be as we'll fixed in this
worlds goods. He has a house in
Chicago, and one in the East; he
also has the now celebrated farm
which the newspapers took such
delight in describing; but these
three properties are hardly worth
the owning. The houses yield q
little rent over and above the taxes,
insurance, repairs, &C., but this is
more than swallowed up by the
almost unavoidable expense of the
farm.
Ques.- Why does be not sell
these properties?
Ans.-He has tried to, but can
not. All his fancy horses and
stock on his farm, which the news
papers made famous, he has sold
off, much below their value and in
some cases cost, in order to save the
expense of feeding them.
Ques.-How does he live, then,
if he has no income? This is q
problem have myself been trying
to solve for my own benefit for many
years.
Ans.-Don't understand me that
he has no income! He had q few
thousand dollars saved up at the
time he stepped out of the White
House, and then he sold the fancy
stock above referred to; but this
fund, if invested in any of the
Eastern securities that were con-
sidered safe, would not yield him
sufficient to live on. He could not
expect over ten per cent, which
would not yield him living! Hav.
ing devoted himself to military
and public affairs for so long, he
did not feel that he could succeed
in business, and he had not the in
clination to try.
Ques.-What did he do?
Ans.-He invested all the money
be had in the Bonanza stocks con-
trolled by Flood & O'Brien.
Ques.-Do they yield sufficient
revenue to support him?
Ans.-Yes, some of his stock has
paid two and three per cent. pei
month, but the most of it has paid
him five per cent. and even more
each month. On this he has beer
able to live comfortably.
Now we certainly think we are
are justified in pitting Grant
against Gunning-ths two Gs-in
Republican estimation, at least
Here we have a man who failed as
tanners clerk in Galena, and as
wood sawyer in Missouri, but
who succeeded beyond expectation
as a Union General, resting all his
hopes of the future on a third term
and on the permarency of the "Bo'
nanza" mines. In the last we
think he will come out all right
but, as to the third term, we have
our doubts-very serious doubts in
| deed.