Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-08-01
A SPECULATIVE SCION.

Profitable Ventures of Ulysses s. Grant, Jr.,
In Mining Property-The "Old Mans"
Election to the Presidency of the San
Pedro Composed by Buck"
Washington Special.
Gen. Grants election to the presidency of
q mining company is the outcome of long
planned scheme upon the part of Ulysses
Grant, Jr., or "Buck" Grant, as he is gen..
orally called. Buck Grant is now % years
old, and one of the most successful fnan-
ciers of his age in the country. His talent
in that direction has been fully brought out
during the last two years. During the clos
ing days of his fathers Presidency he
acted as his private secretary. Grant doubt
ed every one about him when Babcock fell,
and would not allow any one but Buck
to have access to his private pa
pers. Buck was at this time modest, smooth
faced, medium sized, slim in figure, and
very boyish- looking. His modesty and real
ability, however, made him many friends.
Some powerful men in New York took up
Buck when his father set out for Europe.
Young Ulysses, who is a graduate of HaF
ward, thought that his future was to be de-
yeloped in the legal profession. He was,
after admission to the bar, assigned to duty
in the United States district attorneys Office
in New York. There Secretary John Sher-
man has thrown special business in his way.
Buck Grant, after accommodating small CAPT.
tai under influential and powerful
auspices, began making adventures in Wall
street. He succeeded so we'll that he aban-
doned the law for more profitable fields of
speculation. Becoming interested, finally,
in mining stocks, he paid a visit TO the Pa
cifc coast. where the great bonanza firm of
Flood & O'Brien took him under its wing.
Mr.. Flood tossed young Buck few points,
and he made such good use of them that
the great Spectators backed the young
Ulysses in his cruise around the world of
speculation, acting as his mentor at every
point. The docile pupil SO made use of his
skillful training that at the end of
two years he had 100000 placed
to his credit. It was only when this sum was
reached that the young man proposed mat
rimonial alliance with the great firm. Buck
has now associated with him as partner his
brother, Jesse D. Grant. Buck himself
promises to become one of the most brilliant
operators in the country. Besides the for
tune that he has made for himself, he has
made several special speculations for his
father. Just before Gen. Grant went to
Mexico he Entrusted to Buck Grant 1926, 600
for the purpose of seing what could be done
with it. Buck Grant, during the absence
of his father, cleared for him from the
capital some $4,000; SO Gen. Grant, upon
his return, found a dispatch placing $4,000
at his disposal by his thrifty son. With
this profitable speculation added to his cred
it, Gen. Grant is worth, to-day in the neigh.
borhood of $150,000 This latest mining
scheme of Buck Grants, in placing his
father at the head of the San Pedro compa-
ny, is based upon plan of the youthful
Ulysses to realizs the widest dreams of 8
Monte Cristo. The union of the Grant and
the Flood families is to be followed by ar
aggregation of wealth that will make the fam
iiesamong the most formidable in point of in
huence in this country. In 1884, if Gen
Grant should again be candidate, it is in
tended that there shall be no money lacking
for the management of g successful cam
paIgn.