Savannah morning news. [volume] (Savannah) 1868-1887, 1884-10-22
THE GRANT AFFAIR.

Eumors Respecting Grants Where
neutrality-suspicious. About His Trans
actions-So Additional Facts in the
Case.
The public is still deeply interested in
the H. Fraser Grant matter. There is a
great deal Of speculation as to the amount
Of Grants liabilities, the amount Of the
losses Of the banks, the whereabouts Of
Grant, and whether he took any consider
able sum Of money away with him.
OF course there is no way Of getting at
Grants assets and liabilities except by
an inspection Of his books and an eXami-
nation Of the property held in his name.
Even his books may not show all that he
is liable for. OF course they Will not
shcw the amounts unlawfully obtained
from the banks.
It is not at all improbable that when
a correct understanding of Grants affairs
is reached it viii be found that the differ
ence between his assets and liabilities is
much greater than the published figures
show. The banks are still inspecting
their rOsin. They appear to have a great
deal OF il. but its quality is not all they
could desire. They still say that they are
ignorant Of the amount Of their losses. Of
course. il viii take some time to get at the
bottom facts. After the banks find out
what sort Of property they have they will
have to turn ii into cash before they can
determine exactly how much they are out.
The impression abroad is that they will
lose between $4,000 and So. 0G0. This
impression may or may not be near the
truth. II is not thought that Grant took
much money away with him. The fact
that he got money on several small checks
the day he left is taken as evidence that
he was not well supplied with funds. No
one pretends to know, however,
how much money he had. There
was a TumOr yesterday that he
had been arrested at Gainesville,
Florida. but it evidently had no founda-
ton. There was another report that
letter had been received in this city from
Charleston, which stated that the writer
Of il. who knew Grant very well, saw him
IN that city last Saturday morning. The
writer may have been mistaken. 1t would
seem as If Charleston would be one Of the
last places 70 which he would likely 90.
A bank official who is interested IN hav-
ing Grant arrested said last evening that
the authorities had no information what
ever as 10 the whereabouts Of Grant. or
about his movements.
The bank officials, however, appear to
be confident that he viii be arrested and
brought back 10 Savannah.
Grants rOsin cOllateTals represent
about 10000 barrels, and the question
which the banks are now investigating is
whether il is roSin that Is worth 81 or 81
per barrel. 1t can be easily seen that the
Grade Of the rOsin is a matter Of great i'm
portauce 10 the banks. 1t is generally
understood that the cOllaterals call for
the high Grade. while the inspection thus
far shows that il is generally Of the low
grade.
There were reports aflOat yesterday that
efforts were being made by Grants friends
10 effect a compromise. The bank officials,
said. however, that they knew nothing
about any such e1OTts-in fact, no COM
promise was possible.
II appears that the statement made in
Yesterdays MORNING News TO the effect
that a planter whose place was mOrtgaged
% Grant FOR advances. had sent cotton to
hIs factor 70 raise the mortgage, and he
Grant had sold the cotton and apprO-
priated the money. was not strictly cor
rect. IL is now stated that the planter
sent a draft on New York to pay of his
Indebtedness and Grant used that. 1t
was also stated that efforts were being
made 10 stop the payment Of the draft.
WHAT GRANTS ATTORNEY SAID.
In Justice to Mr.. Grants attorney, Capt.
John Flannery, President Of the Southern
Bank. requests the following correction to
be made: In the report published
in Yesterdays MORNING NEWS Capt.
FfauuerV is reported to have
said that Mr.. Grants attorney stated
That s.Grant had crIminally wrOnged the
bank" In saying this Capt. +. did
NOT mean that these were the exact words
used bv the lawyer in his conversation.
me attorney did say in substance, how
ever. that Grant had, by false representa-
tons. obtained loans from the banks,
which. Of course. amounted 70 about the
same thing in Can't. Flannery's opinion.