The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1884-05-16
: TEE LATE FAILURES.


The Late New York Failures More Disas-
About Grant q wardATheir Liabilities
Said to be Ten Millions.
NEW YORK, 10-The suspicion grows
that the Grant q Ward failure is much more
serious than first suspected. A well known
member OF the Stock Exchange yesterday
said: For four or five months / have
heard rumors Of queer transactions by Grant
C Ward. do not think $4,000, 900 by any
means an extravagant estimate of the liabil-
tiles, and believe they exceed $40, 0o0, OOO
When the failure was announced, said Il
would be the largest Wall street ever saw,
and l am more fully convinced than
ever of the estimates. What the
assets will be no one knows, but prob
ably very small, and disparity in figures will
undoubtedly cause surprise" A clerk of
Grant Il Ward said: 1.-THE amount of the
liabilities will undoubtedly be very large.
They are discovering new business every
day. Yes; know the names of some per-
SONS caught but cannot givethem. Some Of
the gentlemen are i'm for 5000 and 9TH
ers for still larger sums. The Marine Bank
began suit against Ferdinand Ward to re-
cover 100000, the amount of the Overtlrafts
paid out by the bank on Wards account of
the attachment granted against the house
and personal property of Ward in Brooklyn.
The Sheriff is in possession. The Brooklyn
Eagle says persons passing along Pierrepont
street yesterday were startled to see two
well dressed men grasp the head of a horse
attached to coupe and .....
ORDER TIE DRIVER TO STOP.
Many thought they were to witness high
way robbery, but they We're mistaken. The
men were detectives and the inmate of the
coupe was Ferdinand Ward. The detec-
tives produced papers from their pockets
and evidently could not find the one they
were i'm search of. One Of the men said:
'Mr. Ward, you are our prisoner" and il
was when Ward asked for proof of authority
the search for warrants was begun. A
troubled look oyerspread the countenanees
of both men. and the pockets of each
were turned inside out, and the bundle of
papers they carried was examined about
seventeen times to no avail. They gazed
disconsoately after the coupe as Ward was
rapidly drawn toward the New York ferry.
Ward had not been out of the house more
than half an hour when deputy sheriff
arrived with writ of attachment for the
furniture and other effects. As Ward could
not be served with the paper it was nailed
on the front door and excited curl
osity. The deputy made an inventory OF
the articles i'm the house while the family
commenced preparations TO depart. The
house is deliberately and extensively fur
nished. The Wards have lived in the house
about five years, and four weeks ago uleiI
only child was born. He was -christeneG
Ferdinand Grant Ward, after Genera
Grant The .H
REFUGE OF THE WARD FAMILY
will be tile home of Mrs. Wards mother
Mrs. Green, 81 Monroe street, and thitlei
the dispossesSed ones journeyed. Mrs
Green is the widow of former cashier of
the Marine Bank. The suit i'm which at
tachment is issued and is brought by the
Marine Bank against the firm of
Grant & Ward, and General Grant
is made the company defendant
The suit is for 100000 George Jones
Of the New York Times, says:
General Grants fund of S25O.OOO is abso
lutely safe. Hitherto we have paid interest
annually on May 1. Each year has found
the General in possession of Sl5, 40 inter
est i'm full OH investment Hereafter we
shall pay him quarterly. Not only because
ne heeds money, put because we 90 ho'
mean tiiat anyone eise sIal iay i'ahds Oh
IL. was WIN "eheial 1raht Oh ouiluay:
anu ne was III conilnete ignorahee OF
t,ie Impending uisdsIer. ot,eT thah
tlils lullu ne aoeS ho' possess u uoiiar; alia
.lole tlla,' l,la' nc Is ueepis anu aimioS,
l,ie',iG W. ny, ai ueD. Wha' ne du IN val
SUI, nc . uiu lol ii's suns. anu seehis Us
s so III ma. @,,s nini VIII mas eoiI 80 inch
~, .,, oo a., snSua oI lets , In hs oe asy
IePello 81 on !he Natoll ne neiHd 10 save.
81 e .tn Da''s 81 n" G oeeh spPUln'u receiYei
VI lie assI'e vi WI T,"ii, * Naiu, the sus'
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