The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1884-05-15

very small, and the disparity in fig
ureS will undoubtedly cause surprise.
i The clerk of Grant q Ward said the
amount of the liabilities would TN
doubtedly be very large. They are
discovering new business every day. l
know the names of some persons
caught, but cannot give them. Some
! gentlemen are in for 100000, and 9TH
ers for still larger sums.
VIM. C. Smith, of the Stock EX-
change, a member Of the firm. said: Il
| do not think the statement of the as
signee will be ready until the latter
part of next week, and l don't think
the amount of liabilities will reach
| $8,000,000, although that is matter
of which I have no knowledge. The
| figures are all gossip, and ale, think,
eXtraYagantly large. The railroad
companies which received loans on
securities. and which has been trans
! ferred to other persons, are amply
protected and lose nothing. The
losses fall chiefly on individuals who
have invested money with the firm.
This business was conducted by Ward
OF course Gen. Grant and son have
known of these transactions, but l
don't think they were fully aware of
the large amount involved. They
have been led on by Ward, and will,
of course lose very heavily"
Fred Grant, on being interviewed,
said he was looking for employment.
He had nothing to do now, and it
would depend OH whether anything
was saved from the wreck whether
he went into business for himself.
The Marine bank began suit against
Fred Ward torecover S7000 0,amount
of over-dra1ts paid out by the bank on
Wards account. Attachment was
granted against the house and personal
property of Ward, and Brooklyn
sheriff is in possession.
New YORK, May 9.-The furniture
and all the effects of the residence of
F. Ward, of the wrecked firm of Grant
Il Ward, have been attached.
The Brooklyn Eagle says; persons
this morning were startled to see two
well dressed men grasp the head ii, a
horse attched to a coupe, and order the
driver to stop. Many thought they
but they were mistaken. The men
were detectives, and the inmate of the
coupe Was Ferdinand Ward. The de-
tectives produced papers from their
pockets, aud evidently could not find
the one they were in search of. One
of the nen said! ''lIr. Ward; you are
our prisoner" and it was when Ward
asked for proof of his authority, that
search was made for the warrant. A
troubled look overspread the counte-
Nf bot !. "a lot
of each were turned inside out and
a bundle of papers they car
lied was examined about fifteen
times to no avail. They gazed discon-
solately after the coupe as Ward was
rapidly driven towards the New York
ferry. Ward had not been Outiof the
house more than half an hour when
deputy sheriff arrived with writ of
attachment for the furniture and other
effects. AS Ward could not be served
with the paper it was nailed on the
front door, and excited great curiosity,
The deputy made an inventory OF the
articles in the house, while the family
commenced preparations to depart.
The house is deliberately and eXpen-
slvely furnished. The Wards have
lived in the house five years, and four
weeks ago their onE child was born.
He was christened Ferdinand Grant
Ward, after Gen. Grant. The
refuge of the Ward family will
be the home of Mrs. Wards mother
Mrs. Green, 81 Monroe place, and
thither the dispossessed ones journey
ed. Mrs. Green is the widow of
former cashier of the Marine bank.
The suit in which the attachment is
issued is brought by the Marine bank
against the firm of Grant 81 Ward,
and Gen. Grant is made co defendant.
The suit is for 100000.
George Jones, of the New York
Times, says: Gen. Grants fund of
$250O00 is absolutely safe. Hitherto
we have paid the interest annually.
The first of May In each year has
found the General in possession of
S15, 14O interest in full on his invest
ment. Hereafter we shall pay him
quarterly, not only because heneeds it,
but because we do not mean any one
else shall lay hands on it. | was with
Gen. Grant Sunday last, and he Was
in complete ignorance of the impend-
ing disaster. Other than this fund he
does not possess a dollar, and more
than that, he is deeply and almost ire
trlevably in debt. What he did IN
Wall street he did for his sons, and it
seems too sad he who did so much for
his country should be left in his old
age dependent on the nation he helped
to save.
Julian T. Davis is appointed
recsiver of Grant 81 Ward
firm the suspended brokers.
NEW YORK, May 9.-Much SYM
pathy is felt for Grant. He and Mrs
Grant have transferred all their prop
ertv to William H. Vanderbilt to Sc
cure him.
RIVER HEAD, L. l., May 9.-The
following transaction was recorded in
Suffolk county court to-day U. s.
Grant, jr., to Abraham IL. Jonas, New
York city, deed of farm and country
seat. at Half Hollow Hills, town of
Huntington. dated February %, 1884,
for an expressed consideration of $780,