Reporter and farmer. [volume] (Webster, Day County, Dakota [S.D.]) 188?-1946, 1885-10-22
MORE OF WARDS DEvILTRf.
Further Developments In the Case OF the
Nav York Swindier-sainplss OF HIS
Col. Grants Letter.

further Developments In the Case Of the
New York Swindier-sainpies OF MS
Book-keeping-CoL Grants Letter.
In the statement recently made by Ferdi'
nand Ward, which purports TO toe an eA,,
nosnra of the dealings OF that firm and OF
me men who made money by them, is some
Interesting and new matter. Ward declares
that the 81. 900, 900 which he says W.. -
Warner got out of the firm was, IN ms
opinion divided among a number oil per
sons. He says Mr.. Warner in making an
investment and receiving in return therefor
a receipt. would nave had that receipt spiLt
up into nine other receipts, each oil when
would be signed by Grant & Ward. When
these receipts, or promises to pay, were re-
turned for payment they would bear the
endorsement or initials Of certain parties.
He gives these sample entries OF payments
TO some Of these persons.
j, McNamee, S33I, $40; Charles Nc
Nance, S59,54o; Il. c. Clark, S111,54O;
J. II. Work, S34, $50; J. II. Work, $4,000;
&. Z. b., S77,45O; Hooker, $1,000; j.
$500, $50; Joseph ). & Son, S3l.9 w.
S144.G4O; +. b. w, $4,000; w. A. H.
49,. $50; {. P, 500, DOC.
C.P. b. and +. f. W. are Charles +.
BrittOn and Frank +. Wood, two OF the
creditors preferred in Wards assignment.
f. w. W, +. G. j., b. l.. II. are +. w. WI
merding. L. c. James, and b. l.. Herrick.
W. A. II. il probably to be read W. A. T.,
or W. A. harrington.
OF Fred Grant, Ward says land proudces
Grants receipts for the securities) that he
borrowed the securities OF the firm to Dor
row money on, and invested the money
with the firm, receiving the fabulous prohts
on l., rs well as on money otherwise
procured. With an intimation that the
contract" buiness was not to
some OF his partners, Ward produces
this letter:
New York, May II, 1SS3.-Dear Fred: |
am going to Philadelphia today, to be back
tonight. | have some contract contract
underscOredl money coming in tomorrow
and want to ~reinyest it. Don't forget 1t.
Yours,
Buck.
Mr.. burlington, who is counsel for the
Grants, said:
Col. Fred kept "a minute account OF al his
transactions With the firm, and what Ward
said at the time This shows his losses con-
clusively. 4 short time ago Ward was
claiming that Col, Fred had taken out
$3.50, 900, ] asked Col. Fred about it, and
received this letter:
COL. GRANTS LETTER.
New YORK, Oct. 2, lSS5.-Dear Sir:
Your letter asking me about a rumor that
Ward has stated that he paid father S2O6,-
900 in excess OF what he tfather) put in the
firm OF Grant Il Ward, and paid me $3.50
900 in excess OF what ! paid deposited
with, or loaned to him WARD, has been
received. As to fathers account, have
only to say that heputin the firm ofGrant
& Ward 500, 600 Of his own money, and
deposited there 500, 900 OF my mothers
$40, 900 belonging to the fund raised
in Philadelphia 10 pay for the house
3 East Sixty-sixth street, $4,000 from
sale of the Long Branch cottage built while
father was president, $4,000 from the
sale OF Anglo American bank stock that
mother had owned some years, and S1O,-
900 from savings from her income and all
advances that father had given herr, and
$50, 900 he had obtained from Mr., Van
derbilt,
My fathers expenses were about s 900
a month, 81, 900 Of which he allowed my
mother for maintaining their home, $500
he gave in charity, and $500 he kept for
his own use, but gave most OF this away in
presents.
My fathers income and profits outside az
the firm Of Grant " Ward latter the $3.50,
600 was raisedl was greater than the
HlliNhht HN alDit. FAtHtI llliuc no lit
vestments while In the firm except those
he left with the firm, and Mr.. Ward had
charge Of the securities.
As for myself, l tOok from the firm Of
Grant & Ward about - less thar | put
IN. What did take out was paid as prof.
It's to those whose money was VsiNg OK,
cept so MUCH az II TOOK 20 support my
family ~ y becoming way, had $57, 900
when | first knew Mr.. Ward, now | owe
$500, 600 through his treachery.
] have nearly every check | ever drew in
my life, a iull history Of every transaction
! ever entered into, and il anybody who
has any right to inquire into my affairs
wants to know about any or all Of my
transactions, my books are pea 10 them,
ii you sae fit u make public my transae,
wish to cover upon the contrary, would
like everything known.
II ave done nothing | am ashamed OF,
except that | dealt with such men as Fish
and Ward, and there is nothing | am sorry
for except the suffering which has beiallep
innocent people through my c~onfasnca in
these men. | was not q member of the
firm, but ! believe I could have been de.
ceived just as my father and brother were-,
mad been one otthe partners, can truly
say that regret that | did not Q tho
pIace NY latfieF hau IN this hrfn, Tor ! he
heYa bio dlseAss was brought on and his
death FASTENED by the ~treachery OF these
men. Very truly your friend,
+. D, GRASn
Mr.. burlington said ba had srossed out
the am9Ant ioat beeause Col. Grant had
mistaken the amount. The money which
Col. Grant put into the firm was distribut-
ed rs follows:
Col. Grant S57 onOiNrs l. N Cr,r, q non
mrs; Cramer..". 7,20oI U.s.Grant n ph'w 5000
Mrs. Corbin."". $4,000 Total. ,.,.. slls8o0
ofthis manGY MadasY GOT back 5000,
tnd w. {, cram 50, 1900. The loss drove
Maddry crazy. Col. Grant drew out SIS
600 as profits, leaving a loss OF 500, 900.
Mr.. burlington said that Col. Grants
rage at the time OF the failure was some
thing terrible. He did not care for himself
but only for his father. He said: %'Itcost
100 900 lives to build up his reputation,
and now Is all Undqae By this sodundrel.b
1t would have gone hard with Ward II Col,
Grant had met him, Ward feared this,
and had a powerful deputy sheriff accom-.
pany him In order to protect him. Ward
was q great coward. When he came To Mr..
Purrington's office, soon after the failure,
he said, tearfully:
DO you think the colonel will pound me?
l deserve to be pounded. This sheriff il
pretty strong and he'll defend me"