News and citizen. [volume] (Morrisville, Vt. ;) 1881-current, 1884-06-12
FRED GRANTS STORY.
The Statement Made by One Of the House
OF Grant IL Ward.
Col. Fred Grants countenance wore

COL Fred Grants countenance wore a
careworn and pitiful appearance as he
said to World reporter:
eyes, am absolutely peuniless, -
said he in sad tones. "Ward has
ruined us all.
"The secret of the whole trouble is
the false representations made to us by
Ward and his rashness in speculation.
When the firm was established, three
years ago, Fish and Ward -opresented
| to my brother Ulysses that they were
each worth at least S350,000, My bro
ther was possessed of about the same
amount of money. For year the firm
did a good business. Ward so completely
won the confidence of 1ay b., ther that
he gave Ward the pri.ile5c-., -siG;ning
all the checks, of looking dtrer the
books, and, in fact, of attending to
nearly all the business. Ny brother
was not so grossly negligent as the pub
lie have been given to understand. For
the past three years, almost from the
very beginning of business, in fact, his
domestic affairs have consumed a greater
portion of his time When the firm be-
gan business he was exceedingly atten.
tive to all its details. He soon became
foolish enough to trust in Ward. When
my father and brother Jesse learned of
the success of the firm they both in
vested large sums of money with it.
Ward assured them that they would
have bonanza.
ga short time ago my father was in
duced to become q general partner. At
the same time he placed something like
5000. 900 in the firm. I came on from
Chicago about year ago. Ny wealth
all told then amounted to about S57, 600.
I was introduced to Ward, and induced
by visions of enormous profits promised
by him placed nearly the whole of it in
his hands for investment. Neither the
General, my brothers nor myself ever
took cent from the firm, excepting for
actual expenses. Ward, on the con-
trary, has been living fast and taking all
he could get. Although was but GUS
toner, on Tuesday morning last con-
sidered that I was worth at least $780,
600, nearly all Of which was on deposit
with the firm at the time of the crash.
I must say that neither the General, my
brothers nor myself ever suspected that
Ward was speculating so rashly as re-
cent developments indicate.
"Since the crash we have ascertained
that to one person he would reveal start
ling intelligence of prospective profits
when possibly the money invested had
long ago been lost. To another he
would confde the most alluring and de-
ceptive secrets in order to secure his
money for his own Investment. As far
back as two years ago we heard that he
had held out inducements TO investors
based rpon the secret iuhuence which
Gen. Gyrnt had ar NT-sr-Eg gtS,l ft- Sc
curing profitable Government contracts. ,
When this report reached the ears of
nv father he communicated it to Ward
and threatened to Withdraw from the
firm. Ward assured him that he had
never offered such inducements to any
one."
NOBODY KNOWS ANYTHING.
"Have you any idea as to what the
assets of Grant & Ward are p
sNone whatever. They do not know
themselves. We hardly know where
the money is gone. For my part,
have been so blind that l am unable tc
say where the $500, 900 had week age
is. suppose Ward could give more