Morning journal and courier., 1884-05-07

| closing il had held OF until money had been
raised to settle matters the bank could have
continued business to-day and obtained as
distance before morning to tide ever Its
troubles. A prominent banker said to ro-
| porter to-day: 1.-The news of this failure will
| have q Tremendous effect on the English
market. You see people on the other side
will get the failure of the bank and that of
| the firm of Grant & Ward COMPOUNDED, and
believing them to be identical everyone will
say the bank of which ex-President Grant is
head has failed and that a general financial
smash must therefore be at hand. This is
absurd, but natural enough. As matter of
fact General Grant never had much money"
The firm of Grant & Ward withheld the
official notification of their failure until 2
e'cleck, when they sent q communication to
the president of the Stock Exchange notify
ing him of their inability to meet their en-
eaaekents and the stocks sold under the rule
at the delivery hour were said to be for their
account. MIR. Ward, whose absence gave
rise to ugly rumors regarding him and inten-
sified the suspicion that the reported deficit
in the firms accounts OF 100000 would
prove true, il young man who
last ten years. He is the son of
q clergyman residing in the northern part of
this State and was first known In New York
as q clerk for a Produce Exchange firm. He
made money in stock speculation and Joined
q. s. Grant, jr., three years ago. He bought
an expensive summer estate in Stamford,
Conn, Q year ago.
General Grant was at the Office of the firm |
for some time to-day and had long consul |
tation with his son, Q. s. Grant, jr, previous |
to the posting of the official notification of |
the firms suspension. After the conference
the general hobbled out on his crutches |
calmly smoking q cigar. When asked if he |
could say anything about the failure he said:
81 can say nothing. I don't want to talk |
about it." It is stated that young /
q. 8. Grant frst received the news
of the embarrassment of the frm |
before he had started down to business and |
hastensd at once to the Office. He appeared |
very much overcome by his troubles when |
seen this evening and refused to give any in |
formation regarding the firms affairs
Mr. James D. Fish, the president of the |
Marine bank, is one of the best known per-
sons about Wall street. He was born in |
Stonington, Ct, and came to this city when |
a boy. Since the death of his wife several |
years ago he has lived in the fourth story of |
the bank building at Wall and Pearl |
streets in q suite of rooms fit |
ted up with every comfort and luxury. he
has been q heavy investor in frst-class real
estate.
Republican Delegates to Confer To-
Rether.
NEW York, May edwin Packard, one
of the delegates-at-laIge from this State to
the Chicago Republican convention, said to |
an interviewer to-day that it is contem-
plated to call conference of dele
gates to the national convention |
from this section of the country, |
principally NV York state, to agree before |
hand upon their course in the convention so |
that the strength of the State shall not be |
frittered away when a break occurs in the |
convention and it is found, as Mr. Packard |
predicts it will be, that neither Arthur nor |
Blaine can be nominated. ssa;sS@ |
Wanted to go ora the stage. |
NEW YORK, May S.-On the first instant |
Miss Alice Gertrude Crawford, daughter of I
Mrs. ). w. Crawford, of Chelsea, Mass, |
ran away from her boarding |
school at Springfield, Mass, and |
came to this city with the intention of adopt |
ing the stage as her profession. The police |
of this city were notified of the young girls |
freak and after searching the city Central
Office detectives discovered her this evening |
at the Prospect Hotel at 150th street. |
Miss Crawford at first refused to go with the |
officers, but after little persuasion consent
ed to return home.