The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-05-24
THE RECENT FAILURES.
Ulysses S. Grant, Jr., Says He Has No In
tentiOn Of Fleeing the Country.

New YORK, May 23-U. S. Grant jr., came
from Morristown n j., his home, this morn
ing, to the Office Of Grant e. Ward He laughed
at the rumor of his supposed fight to Canada,
and said he had no intention of leaving, but in
tends to remain and attend to the business
necessarily growing out of his financial i'm
broglio Col Fred Grant is also in the city.
Stephen F. Moriarty, partner of Jesse Grant,
appeared in the Common Pleas Court as wit
ness in the supplementary proceedings upon
Judgment secured against him for S.. 900, by
Henry H. Remington An adjournment was
granted until Monday, and it is thought settle
ment will be effected
GENERAL GRANT DECLINES TO OWE MONEY.
New York Herald.
As soon as General Grant ascertained that the firm
had to grief he transferred the deeds of all his
real estate to Mr. Vanderbilt. The General had
already parted with all his ready money and the total
amount of property owned by him Just about suf
feient to repay Mr.. Vanderbilt The millionaire at
once returned the deeds with note expressing his
sympathy for the General, and saying that the loan
matter could stand indefinitely, he could not
think of accepting the deeds under such circumstances
When Mr. Vanderbilt asked about the subject on
the day that he departed for Europe he said:
That is question which do not think it would
be fair for me to answer. 1t matter which
interests only General Grant and myself AS | said
know nothing about the firm or its business methods
My relations with General Grant were of personal
nature"
It is known that General Grant has been very much
borne down by the whole affair, but he insists upon
paying his debt to Mr. Vanderbilt. His sons have
personally assumed all the debts which they con
traeted for the firm; but this the only debt con-
tracted by the General His wife is DESTROYS her
husband that the obligation should be discharged
although it ruins both OF them and leaves them poor
except for the assured income of the General A
friend of the ex-Presdent said few days ago that
General Grant did not want his property to get into
the hands of the receiver for Grant 81 Ward as it
would still leave him in debt to Mr.. Vanderbilt. The
fact that the money borrowed was swallowed up in
day makes him feel his position keenly.
A distinguished friend of the Grant family made a
statement of the whole affair yesterday.
1T is true, he said that General Grant borrowed
the money, and that Mr. Vanderbilt very courteousy
offered TO relieve him from immediate payment. The
General has refused to listen to amy offers Of ample
security for the debt and he will not rest satisfied
until the obligation is secured beyond all doubt or
question to the utmost farthing This matter has
caused him great deal of annoyance. He is trans
ferrng all his property by mortgages to Mr. Wander
bt, and his determination does credit to his high
Did General Grant have the right to transfer his
property when he baBlruptf'
That is very violent assumption to say the least.
General Grant is not a bankrupt and had perfect
right to pay debt by transferring his own estate to
hts creditor am satisfied from what | know that
when all the fictitious claims against the firm of Grant
& Ward have been eliminated and all the real assets
which undoubtedly belong to it are recovered there
will be enough money to pay every proper creditor in
full. Of when the firm first failed the matter
was a sealed book, and no could tell how things
stood. am that when all the anbsurdtes of the
heavy claims against the firm sifted, the assets
will balance the liabilities You may rely upon what
sponsbility for his debt to Mr.. Vanderbilt and is pay
ing it in full himself Within the four corners of
what have said is contained. in general way, all
that can be truthfuIy asserted Everything else de-
generates into detail