The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1884-05-15
The Grant Failure.

There will be hearty sympathy for tn,
failure VI Gen. Grant and sons which
occurred at NV York last week. All thu
men bers OF the family had every dellai
thsy could control invested in tho bank
rupt firm o. Grast 4 Ward. Not only
this but tho Grant boys" borrowed mon
ey Of their personal friends to put into ths
cor Germ and there is no doubt they did
il in good faith. believing it not only sol
vent bu, supposed they we're making mos
~ very fact Instead Of this the wicked
partssr' Of the concern who had almost
the exclusive Management Of affairs had
run things ia reckless and criminal way,
ssd nov the firm ssd tue Grants do net
have money enough to pay their oblisa-
tioas The CRAFTS are not to blame, only
th.y ought to have attended to matters
tn. mselyes and not have allowed such
foolish and crimissl speculstiens
Gen. Grant will not be left pennilsss
sisse several wealthy gsttl.mes . few
years age made up largs purse for hin
which money was 50 invested that he can
not spend the principal and he receives
snly the income. As it has turned ont this
vas q wise prscsntion, aud Gen. Grant
san b. set down As much ola business
failure ~ he VAS before the war and before
be was President He is sot, never was
and never viii 10 . thorough business
man. competed, TO cope with the sharks Of
Wall street
Senator Ednunds las introduced . bill
in the U. =, Senate 10 place Grsst on the
retired hist Of ,Ls army, which would give
Liw fair salary Tor life. aud the country
ought 10 10 much ~ this. IN regard 10
the family the N. Y. Hruu .s,s:
"TLs Giant t~,s." ~ the sons 81 the
gessrsi src fsuiliali, called 10 Wall street.
have been the subject Of so much talk
since the faiinre Of Grant 4 Wsrd that ii
will he VI Intefssi 10 tbs GET eral reader 10
know ~ho and what they are. They ars
Col Frederick 0rAss. Ulysses s tiraLt. Jr.
snd Jssse A 0ssnt Col Frederick Grant
10 TIE sld.s II con. He Is about thirty Eve
years VI age He graduated from West
Poiss in 1870. snd married Miss Honors
81 Chicago, = thoroughly accomplished
Young lady. cosversans 10 far greater
sItsnt than the average 81 educated ladies
sith the languages. asd charming mas
Iciss. She 10 also possessed Of great per |
ssnal bsAsty. Her sister married Mr. |
Potter Palmer 81 The Palmer house Chicago. |
fssdsrisk Grant, his vie ssd their two
,hiIdrsn, . hay snd girl, are II prssent |
rssiding 10 MoFyistoe, n. J. Alter leaving |
West Point. Col. 0rsst vent upoa The \
tai Of Geseral Shsridss, from shieb, 10 |
1877. be secured lsavs Of absesce 10 &C.
rem pasy his father il his tour around the
Horld. whsa be returned from bis trip
10 vsnt bssk Ter awhile 10 his pssiiisa
ipsn The stat u General Shsridaa. when.
'ssiesing. be bsesns vice president Of the
rsxss Larrsv gasgs rsilroAd. spending
,s nms bstusss Texas asd Nss York
IL resigned HE pssitics q vies president
4 the railrssd coapssy 70 become con.
ssctsa 9TH TIE arm nov dsfnnet Aside
ron this. hsvsvsf. he vas engaged in
'tker business. He 10 regarded - ssutious
ID conservative 10 his bssioess transact.
sss AID vss tboasht 10 b. very 'vsli-to-ds'
Up 70 shs day vhsn Grsrt 4 Ward failed.
Ulysses y Grast Jy.. Gss. Grsst's
~cona 500. iss graduate II Harvard col.
sgs. meet Of bis sdusstisa there hsvine
'sss received durisg his fathers Gmt
'fssidsnilsl term. While ct college be