The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1882-01-29
AN UNPLEASANT RUMOR.
Is the General Grant Fund of
$250.000 Safe?

| Whatever affects the welfare OF
General Grant interests sllthe people,
land rumor that the fund OF $3.50, 900
recently contributed in his behalf has
been unfortunately invested has ex
cited not little concern in we'll in.
formed circles in this city within toe
last few days. In the World OF De-
cember 29sh it was suggested that
there is quite common understand
ing that the originator of the fund
appropriated the interest, up 10 the
time OF the investment of the princi-
pal in railway securities. to the pay
ment of his expenses during trip to
Europe. The rumor that there has
been q serious shrinkSge in the prin-
cipsl is founded upon the act thatthe
Iprice OF the securities in which i: is
believed to be invested has fallen
enough to make large loss.
| In order to ascertain what disposi
ton had been made of the fund
representative of the Mail aud Express
sought the Office OF Mr.. Gould, who
contributed enc tenth of the $780,
loco.
'.Mr. Gould is absent from tn
city," said Mr.. Washington E. Con-
nor, Mr.. Gould's partener, "but it
is safe 20 say that be knows nothing
of the matter about which you in
Iquire."
II know he does not" exclaimed
a prominent gentleman who had
heard the inquiry as to Gen. Grants
fortune, "ior myself beard Mr..
Gould cay he had never been told
what was done with the money"
Mr.. Russell Sage, whose Office is on
the same floor as Mr.. Gould's at No.
so Broadway, was also one of The
contributors. He was found in MS
Office, at desk over which a man.
moth bull buffalo head is fixed to the
wall. accepting or rejecting the writ
ten proposals of customers who wished
privileges" He was asked il he
knew OF the rumors affecting the
General Grant fund; and without
raising his eyes from bis desk he
replied: Yes, l have heard some
ugly stories about the matter, but
have no meaps OF knowing their truth
fulness. I do not know how the
$250,000 was invested, and therefore
/ am unable to tell whether it has
shrunk. as reported, through drop
in the price of tho securities in which
they were invested. Ask Governor
Morgan, he ought to be able 10 tell
you"
Upon this advice. visit was at
once made at No 81 Exchange place,
where ex Governor Morgan was, found
husy with many papers spread out
upon his desk.
Governor Morgan, wish to in
quire how the General Grant fund OF
| $3.50, 900 was in vested. "
81 consider that sn impudent
question" said the venerable man,
while his face famed so that his
cheeks encircl6G by mis- luxuriant
while beard and hair, looked almost
purple red. ITS none of your bust
ness"
"Whatever affects the welfare OF
General Grant is everybody's busi-
ness, is it not?" was the conciliatory
reply, designed to placa!e the wrath |
of q benevolent old gentleman who
seemed to have been touched in a
sore spot. Rumor has it that he made
the investment OF the fund in securi-
ties held by himself, and a remark
made Dy Mr.. George Jones, the chief
stakeholder of the Times. confirms
the rumor, as will be seen further on.
"You didn't contribute anything
to the fund, did your" replied the
Ex-Governor.
mo, sir."
"Yonr paper didn't, did it?"
"No, sir.
"Then what have you to do with ii?
Is it any ones business what becomes
of present which few gentlemen
make to General Grant,"
Il think, it is the business of the
men hav- seen to day who say they
contributed to the iand but never
knew what was done with tneir
money. They have heard the rumor
that The fund bGs shTuDk badly, and
very naturally they would like to
know what foundation it has"
You can cay from ne that the
$3.50, 600 Ia as safe to-day as ever it
was" said the Ex-Governor, with the
air of man who has come to reso-
luton to pat his baud in his pocket
and make up a big deficit. Ut is
commonly said that he guaranteed
the price Of the securities for cei-
tain time.)
but will you not tell me in what
securities the $3.50, 900 was place1?"
"No, sir, 1 won't; it's none OF your
business, and / hope you will print
that say So"
Mr.. William q. Vanderbilt bad
not left the dinner table woen the
representative OF tie Mail and Express
touched the electric bell at the outer
door of his palace few minutes after
7 O'Clock, which circumstance gave |
bis caller an opportunity to glance at
tbe snlepaors revealed through open |