The Red Cloud chief., 1884-05-17
THE LATE

trOuS imam Nt fIrSt
About Grant & Ward-Thsir Liabilities
Said to be Ten Millions.
New YORK, 10.-The suspicion grows
that the Grant & Ward failure is much more
serious than first suspected. A well known
member of the Stock Exchange yesterday
valid: For four or five months | have
heard rurnors of queer transactions by Grant
l. Ward. l do not think 5000, 900 by any
means an eXtrayagant estimate of the liabil
tiles, and l believe they exceed SO. 200. 900.
When the failure was announced, l said il
would be the largest Wall street ever saw,
md l am more fully convinced than
ever of the estimates. What the
assets will be no one knows, but prob
ably very small. and disparity in figures will
undoubtedly cause a surprise" \ clerk of
Grant Il Ward said: 1.-THE amount of the
Liabilities will undoubtedly be very large.
They are discovering new business every
day. Yes: | know the names OF some per
sons caught but n give them. Some of
the gentlemen are in for $500, 900. and 9th
ers for still larger SUNS. Tie Marine Bank
Dt1Il suit dGtlilSt EtiliiidHu Nt!u 10 Tt
cover 500. 600, the amount of the oyerdrafts
paid cut BY the bank on Wards acrount of
the attachment granted against the house
and personal property OF Ward in Brooklyn.
The Sheriff is in possession. The Brooklyn
Eagle says persons passing along PierrcpOnt
street yesterday We're startled to see two
We'll dressed men grasp the head o. L horse
attached to Il coupe and
EDE TIE DRIVER To STOP.
Many thought they We're 81 witness a high
way robbery. but they Were mistaken. The
men were detectives and the inmate of the
coupe was Ferdinand Ward. The detec-
tiveS produced papers from their pockets
and evidently could not find the one they
We're in search OF. One of the men said:
Mr.. Ward. You are our prisoner" and i,
was VIXEN Ward asked for pruof of authority
the search for warrants WAS begun. 4
troubled look oycrSpread the cOuntenances
of both men. and the pockets of each
were turned inside ont, and the bundle of
papers they carried was examined about
seventeen times Ia no avail. They gazeG
,isc~onsolately after thu. coupe rs Ward was
RAPIDLY drawn toward the New York forty.
Ward had not been ont of the house more
than half an hour WHEEL a deputy sheriff
arrived with a writ of attachment for the
furniture and other effects. As Want could
not III. served with the paper il ;taS nailed
on the front door and excited cu-i
oSity. The deputy made an inventory Of
the articles in the house while the family
commenced preparations To denart. The
house is deliberately and extensively fur.
niShed. The Wards have lived i'll the house
about five years, and four weeks ago theii
only child was born. He was ciriStened
Ferdinand Grant Ward, after General
Grant. The
REFUGE OF TIE WAR; FAMILY
will be the home of Mrs. Wants mother,
Mrs. Green. 81 Monroe street. and thithef
the diSpoSSesSed Ones journeyed. Mrs.
Green i, the widow of a former cashier of
the Marine Bank. The nit in which at
tachment is issued and is brought BY the
Marine Bank against the firm of
Grant * Ward, and General Grant
is made the company defendant.
The suit is for 100000. George Jones.
OF the New York Times, SAYS:
General Grants fund If $3.50, 900 is abso
lutely safe. Hitherto We have paid interest
annually on May 1. Each year has found
the General i'll possession of Sl5, 40 inter
in full on investment. Hereafter we
shall pay him quarterly. Not only because
he needs money. but because we do not
mean that anyone else shall lay hands OF
it. / was with General Grant on SUNDAY.
and he was III complete ignorance of
the impending disaster. Other than
this fund lie does not possess a dollar, and
than that he is deeply and almost
in debt. What he did in Wall
street he did for his sonS. and it seems too
sad that this man. who has done 50 much
for his country. should be left in his old age
dependent on the Nation he helped to save
Julien L. Davis has been appointed receiver
Of the assets of Grant II Ward, the suS
brokers. The Tribune says many
hard things are said of Fish. A depositor
place of business is within sight of
the bank, said to a Tribune reporter: Much
has been caused by the fact that
Fish had such a
LARGE NUMBER OF VISITORS
IN his private oOm over the bank, espe- |
tally, in view of the character or many
Il have" said he, seen six of seven
such as | speak of. go to his room
II one day" Much sympathy is felt for
Grant, who has transferred his prop
,rty to w. III. Vanderbilt to protect
on worthless checks for $780,
100 accepted BY him in return
or his OWL. The Generals transfer in
,ludes two houses in Washington. q house
N Philadelphia. and a farm of considerable
iZe in the suburbs of st. Louis. Mrs. Grant
5 also said tO have transferred her property
o Vanderbilt. 1t includes a cottage at
4ong Branch and her house 3 East Sixty
street. Instances multiply OF
practiced in the name of the firm
o carry on wild schemes in which interest
N profits" Were paid TO those who invested
IL them out of the principal they put in. 1t
asserted by General Grants friends he
imposed up to the time of the collapse he
lad to his credit in the firm profits
# $1,000, 600. Ward lived in a style that
would require a larger income than $4,000
year. A person who ought to know said
'ish insisted on receiving his profits and
rev out of the firm $780, 600 in 1888 and
800, 600 this year.