The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-05-14
THE RECENT FAILURES.
Col. Fred. Grant Freely Admits MIR. Wards
Claims as Smart Man.


NEW YORK, May I3-Col Fred Grant said in
an interview with reporter: 'When l first
came to this city from Chicago, l had about
$4,000 l was introduced to Mr. Ward, and
after short acquaintance he asked me to join
him in a speculative venture, which turned ont
successful After that he proposed a partnership
and eventually my brother and myself entered
INTO partnership. 1t was represented that
Ward q Fish were worth $3.50, 900 each. Ward
had charge of the books and safe of the firm, and,
in fact, everything was intrusted to him by the
other members of the firm.
Colonel Grant closed with this remark II ad-
nit have been a fool has my father, the
General, and my brother. and there is nothing
too strong to say against Ward at this moment.
A Rochester, n. T., dispatch says: Freeman
Clarke, of this city has attached the property of
all members of the firm of Grant Il Ward, in
Guiding that of General Grant. Clarke deposited
bonds to the amount of $50 900 with Grant d
Ward for safe keeping The bonds were hypoth-
ecated and suit has been begun to recover tho
amount
From the Tribune of Wednesday: president
Fish was at the Marine Bank a short time only,
to-day, and was accompanied by Col. Fellows.
The rumor that he was in custody circula-
ted, but was contradlcted positively by his
SON. Controller Grant received dis
patch from Controller Cannon in reply
to his request that the appointment
of a receiver should be delayed sufficiently long
for Grant to communicate with him. After re-
ferr1ng Grant to the law upon the appointment
of receivers for national banks, Mr.. Cannon said:
i am convinced the Marine Bank is insovent,
and shall appoint receiver at the earliest pos
sible moment. Grant regarded the dispatch
as warning that no time was to be
lost before the final appointment, and he and
Mayor Edison had a consultation and
chose man whom they thought would not
alone make satisfactory receiver but would
regard the interests of the city. The name
sent Immediately to Mr.. Common, with Mayor
Edsons and Controller Grants recommendation.
Ward is guarded by number of detectives.
Ex-Judge Stillman passed the greater part oftho
afternoon with Ward, and called him again
in the evening with his brother and his counsel
Ward went over his private accounts and made
additional arrangements to facilitate the delivery
of his property to his creditors
civilian Ward said last night to reporter:
i shall remain in Brooklyn with my brother
until his affairs arranged satisfactorily. He
has, by my advice, made a second assignment,
and it will result in the equitable division of his
property. He is anxious to turn over everything
to his creditors, and that nothing be
concealed When his affairs are all settled he
will be penniless and then it is likely he viii go
to my grain ranch in Colorado He is pros
trated from nervous eXertion, and we had a
physician in attendance all day The sheriff
has received instructions to attach the rents of
eight houses on Macon street and Green avenue,
owned by Ward The rents amount to nearly
5000 q month