St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-05-13
THEY'RE RETIRED.
Grant and Chaffee Out Of
Business and Out of
Politics.
Their Losses of Cash Capital
Leave Them Little POliti-
cal Capital.
Universal Friendly Feeling for SEN
atOr Sabin in Washington
Circles.
Much Importance Attached to McMillan's
Resolution Regarding the Gar
land Bill.
Credence Given to a Rumor That Sabin
Will Resign the Republican
Craftsmanship.
Especial Telegram to the Globe !

WASHINGTON, May 12.-The failure of the firm
OF Grant & Ward has not only wrecked the per-
sonal but also the political fortunes of various
persons. In addition to the elimination of Gen,
Grant from a possible candidacy at the Chicago
Republican convention, which the disaster has
undoubtedly brought about, it also destroys all
hopes of the return of Mr.. Chaffee, of Colorado,
to the senate as successor of Senator Hill, whose
term expires with the present congress. Chaffee
acquired handsome fortune by purchase of the
''Little Pittsburg'' silver mine, from which
several millions were realized by sale of the stock
in new New York and elsewhere-in which some
of his friends, to whom he had ssshared'' large
blocks at high figures, were badly squeezed.
Chatfee's great ambition has been to secure re-
election to the senate, and to that end he has
been planning for the past two years. He most
feared the rival candidacy of Secretary Teller,
who would naturally desire to return to the
senate upon expiration of the present admins
tration, but by some unknown influence induced
Teller to keep out of the contest and aid him
in defeating Hill. Returning to Colo
RADIO last fall, he endeavored to purchase
the Denver Tribune, and put up $4,000 as the
forfeit. Failing to complete the contract at the
time agreed upon he lost this sum. The Tribune
was sold to Mr.. Henry, of Kansas, for about
$4,000, since which Chaffee has had no home
organ He has been voyaging all winter between
New York, Washington and Denver, working
the trade of politics, nominally in behalf of Lo-
gan's candidacy for the presidential nomina-
ton, but really playing all the cards to win the
Colorado seratorship. He stated unreservedly
that since his only child had married
young Grant and was substantially provided for
he might as we'll expend If necessary large por-
ton of his means in securing a return to the
senate which, he said he was bound to have,
cost what it might. At the recent election of
delegates from Colorado to the Republican ma
tional convention, Chaffee was completely routed
by Blaine's supporters. He was most promi-
nent leader of the Blaine forces at the Chicago
convention of 1880, and fought Grant bitterly
Subsequently his daughter married Grants son
and this changed the complexion of his loyalty to
Blaine and accounts for his support of Logan,
who is Grants first choice The failure of Grant
q Ward sweeps away over $500,O0O of Chaffee's
money and leaves him in bad plight to meet the
expenses of a senatorial election from state no.
toriously controlled by money influence He will
not now be able to s'yole up'' with other wealthy
aspirants for senatorial honors. and this enforced
retirement may possibly bring Teller into the
field again-especially should Arthur fail of re-
nomination. 1t is generally understood
that Chaffee's political scheme was
on par with Grant s. Wards
kite flying. Logan was pressedforthe presidential
nomination to win, if possible. If failing in this,
Grant was to be brought forward in the midst of
the probable great confusion at the convention
and at an auspicious moment nominatedwith loud
acclaim and enthusiasm. Bob Lincoln was to be
nominated for the vice presidency, and result of
the combination would secure Chaffee's return
to the Senate. If the ticket were elected, Chat
fed would succeed Teller as secretary of the in
terror and turn the senatorship over to Teller
Since ssthe best laid plans of
men and mice gang aft
aglee" the collapse of Grant & Ward retires both
Chaffee and Gen. Grant from the political field.
Although the suspension of the Northwestern
Car company follows the New York sensational
failure of Grant and Ward, and the public are
generally disposed to talk ugly, nothing but kind
wishes and genuine sympathy, irrespective of
party, are expressed on all sides for Senator Sa-
bin,who is extremely popular in Washington. Sue
| ceeding Mr.. Window at period when Windom's S
once deserved popularity had waned Senator Sa-
bins pleasant manners, genial disposition, utter
freedom from pride of place, SO common among
public men, won him without effort the esteem
of his colleagues and friendship of the commune
ty. Therefore everybody hopes he will soon
surmount his business difficulties
McMillan's resolution authorizing the senate
Judiciary committee to investigate the facts I'M
derlying Garland's bill to amend the Thurman
act respecting the claims of the government
against the Union and Central Pacific railroads is
regarded as very important matter, in view of
the present decline of Union Pacific
stock. The Union Pacific owes nearly
So, 100000 to the sinking fund. The Central Pa
cHic will owe the government on maturity of the
bonds forty-six millions and the Union Pacific
over twenty-six millions.
Seymore D. Perkins has been commissioned
postmaster at Lansing, Dakota
The general opinion is that Hewitt's tariff bill
will die in committee. Randall will now absorb
all the time he possibly in appropriation bills
and adjournment by July 18th is confidentially
predicted.
rumor that Sabin will resign the chairman
ship of the Republican national committee re-
ceiVes credence.
Western Associated Press.
WASHINGTON, May 12.-The issue of standard
silver dollars for the week ending May 10, is
S345, 1897. For the corresponding period last year
S165, 800.
Cannon, comptroller of the currency, formally
entered on his duties this afternoon
Senator Sabin leaves for ST. Paul this evening
The house committee on elections, by a vote
of to 5, agreed to report in favor of seating
Wallace, the contestant in the Ohio election case
of Wallace vs. Mckinley. Elliott Miller Davis
| and Valentine, two Democrats and two Repub-
lcans, were absent Had they been present the
vote would have been to T. ALI the Dem
ocrats on the committee, nine in number, ia
vored Wallace, except Robinson, Kentucky. He
voted in favor of Mckinley