Arizona silver belt., 1884-07-19
- -, 80.

~ sN@ ~ ActtSt ~ AtNtAt -s - AttA-es
C6l. Fred Dent Grant and Ferdinand
Ward. whose joint Liabilities we un-'
willingly placed at Sl7,0o00oO when
ia fact their Indebtedness is only
SIC, 7e2.6l7.72 This sum. we are
pleased to state. the referee. ar Davis,
estimates as not wholly absorbed by
members Of the late firm. and he places
the available assets At So. ia 81. which
win pay four mills and la fraction upon
each dollar Of Indebtedness.
This showing Of Mr.. Davis viii 10
"a source Of qualification to the credi-
tors. who viii now be relieved Of all
further interest in the estate, as the
eollectable assets VIII not more than
pay the cost Of settling the business Of
the late firm. Col F. Dent GRANTS
individual liabilities. as stated ii his
deed Of assignment, is g. 600.
which together with his responsibility
FOR the firms liabilities, obligates him
in rounds numbers for $4,000, coo.
which he probably intends liqaidatiug
from his pay as a colonel in the army.
Both he and has father evidently APP
preeiate the responsibility resting upon
them, as is evidenced by the fact chat
the old man has curtailed his current
expenses toS1. 500 per month,and Fred,
with a like eommendable spirit. has
sold a span of his favorite roadsters
and a phaton. The Colonel's home Is
at his regally furnished villa at Nor
ristown. New Jersey. where he is sur
rounded by every luxury. {. S. Grant,
Jr., Mr.. Davis says, is also crippled.
Davis is probably correct, as he was a
member Of the firm, and financially
swamped his father-in-law Cbafee, Of
Colorado who intrusted him with
$4,000 asa special deposit. which he
placed in the firm of Grant & Ward to
assist in tiding them over a tight
place. and which he has been unable
to recover. James D. Fish, president
Of the busted Marine National Bank.
was also a bob to the kite Of the ship
shod firm Of Grant & Ward, and when
they failed the bank was also a hope
lessly lame duck and forced to close
its doors.
Fish and Ward are now in New
York Jail, where, if justice were done.
the Grants. father and sons, would also
be awaiting the Judgment day in
criminal court. The Grants are well
known BY reason Of the great military
and political prominence Of the elder
Grant. but Ward and Fish were com
paratively unknown outside Of fuan-
eial circles in New York aud, there
fore, It is admissible to speak Of them
more at length IN this connection.
Ward is abou5 tbirty-eigbt years Of
age, slightly built and stands five feet
ten inches. His complexion sallow.
The aggressive prominence Of his nose
x q marked popularity Of his counte-
nance. Eight years age be vas aclerk /
a salary Of twenty dollars q
week. At a later period he lived n
elegant style at The head Of an estall-
lisllment which comprised a coacbnan
ane footman, a French cook. a French
butter and a French waiter. And has
magniheenee extended beyond this. !
Near Stamford, Connecticut, be owned .
property which cost him 10000, aud
there stabbed the meiority Of his twen-
sy-four horses, carriages, dogs and
other usual belongings 70 snobs and
men Of wealth.
Mr. Fish Is sixty-fge years ole, and
a native Of Connecticut. He was
diner-out. a prominent club man. and
vel known about town. His rudy
face shows him good liver; be has
eyes, which are only seen
through gold-mounted spectaclcs. a
Jolly eountenance IS bald beaded, and
Notwithstanding lis advanced age has
the reputation Of possessing great gal /
Iantry. Mr. Fish is popular among
men Of his class. He is regarded as a /
shrewd far-seeisg man
The failure Of Grant & Ward, IN
yolving as it does the integrity of one
50 idolized as General Grant. the as
amosnt Of their liabilities
and paueity Of assets, gives It a ma
ionaI interest which viii Tor gears to
,oine be referred to IN financial csreles
As unparalleled IN tie monetary hiS-
.ory Of the world Unless, indeed it's
inds parallel IN the gambling scheme
'nce familiar as The South sea Bah
Die. a term peculiarly expressive Of its
follow and ephemeral splendor and
sudden collapse, which was originated
" the Earl Of Oxford IN I'LL, and
hat projected six years later. in
7ranee, by John Law, and known as
he Mississippi Scheme. These two