The sun. [volume] (Morris, Stevens County, Minn.) 1882-1895, 1885-10-22
MORE OF WARDS DEvILTRY.
Further Developments in the Case of the
New York Swindler-Salnpies of His
Book-keeping-COl. Grants Letter.

Further Developments in the Case of the
New York Swlndler-Sampies of His
Book-keeping-Col. Grants Letter.
In the statement recently made by Ferdi-
nand Ward, which purports to be an ex-
posure of the dealings OF that firm and OF
the men who made money by them, is some
interesting and new matter. Ward declares
that the 81 900, 900 which he says W. 5.
Warner got out of the firm was, in his
opinion divided among number OF per-
sons. He says Mr.. Warner in making an
investment and receiving in return therefor
n receipt, would have had that receipt split
up into nine other receipts, each OF which
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, S334, $40; Charles Nc
Nance, $50, $40; f. c. Clark, S111 $40;
j. II. Work, S3l $50; j. II. Work, S5,6o0;
C. 2. b.. SIT, ,450; -Hooker $4,000; j.,
$500, $50; Joseph S. Il Son, S31, 900; w,
S14464O; f. B. W., $4,000; w. a. ii.
$S4,6 c. F., 100000.
c. p. B. and +. +. w. are Charles p.
Britton and Frank f. Wood, two OF the
creditors preferred in Wards assignment.
+. w. W., T.. {. j., B. l.. H ARE +. w. VIII
merding, +. c. james, and b. l.. Herrick.
| w. A. H. is probably to be read w. \. p,
or w. \. harrington.
OF Fred Grant Ward says land proudces
Grant receipts for the securities) that he
! borrowed the securities OF the firm to bor
row money on, and invested the money
with the firm, receiving the fabulous profits
on it, as well as on money otherwise
procured With an intimation that the
contract buiness was not unknown to
some OF his partners, Ward produces
! this letter
New York, May II, 1SS3.-Dear Fred:
am going to Philadelphia to-day, to be back
tonight. | have $ ame contract contract
underscoredl money coming in tomorrow
and want to renvest it. Don't forget it.
Yours,
Buck.
Mr.. Purrington, who is counsel for the
Grants, said:
Col. Fred kept Il minute account OF all his
| transactions with the firm, and what Ward
said al the time This shows his losses con-
clusively. A short time ago Ward was
claiming that Col. Fred had taken out
$780, 600. l asked Col. Fred about it, and
received this letter:
COL. GRANTS LETTER.
New YORK, Oct. 2. 1SS5.-Dear Sir:
Your letter asking me about a rumor that
600 in excess of what he father) put in the
firm OF Grant Il Ward, and paid me $3.50
600 in excess OF what | paid deposited
with, or loaned to him (Ward), has been
received. AS to fathers account, | have
only to say that he putin the firm OF Grant
& Ward 100000 of his own money, and
deposited there $50 900 of my mothers
(S4O. 900 belonging to the fund raised
in Philadelphia to pay for the house
OF Stxt, i.-fb cfr
sale of the Long Branch cottage built while
father was president SIS, 600 from the
sale OF Anglo American bank stock that
mother had owned some years, and $40,
600 from savings from her income and all
advances that father had given herr, and
$3.50, 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 i'll
presents.
My fathers income and profits outside of
the firm OF Grant Il Ward (after the $780,
900 was raised) was greater than the
amount he spent. Father made no in
! vestments while In the firm except those
he left with the firm, and Mr.. Ward had
charge Of the securities.
Grant & Ward about - less than l put
in. What Ibid take out was paid as prof
its to those whose money | was using, eX-
cept so much as it took to support my
family in a becoming way. l had $57 600
when first knew Mr.. Ward, now l owe
$500, 600 through his treachery.
have nearly every check | ever drew in
my life, a full history OF every transaction
| ever entered into, and ii anybody who
| hos uhf tn inf off uico
wants to know about any or all of my
transactions. my books are open to them.
ii you see lit to make public my transac-
tions with Ward, do sa-there is nothing
wish to cover UPON the contrary, I would
like everything known.
II have 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 befallen
lnHocent people through my confidence III
these men. 1 was not q member OF the
f! firm, but | believe | could have been de-
ceived just as my father and brother we're
mad been one OF the partners. | can truly
gay that | regret that did not occupy the
place nay father had in this firm, for be-
lieve his discaae was brought on and his
death bastened by the tfegGhery OF these
men. Very truly your friend,
F. D. GRANT
MT TubGtt!g on Sttlu lie Hhu CFOSSeu Oue
the amount lost betause Col. Grant had
mistaken the amount. The money which
Col. Grant put into the firm was distribut-
ed as follows:
Col Grant .......s s57 .OOoIMrs. f. o. Grant & 900
Mrs Cramer...... 1900 S. Grant ph'@ 5 COG
I. b. Madary... $4,000
Mrs Corbin...... 25, 900 Total......Sl16,3O0
OF this money Madary got back $4,000,
and U. S. Giant $1,000. The loss drove
Madary crazy. Col. Grant drew out $15,-
900 as profits, leaving q loss OF SinG, G,Ono
Mr.. purfiUgtoH said that Coz. Grant
rage at the time OF the faif4Fs was some
thing terrible. He did not care for himself,
but only for his father. He id: "It cost
100, 900 lives to build up his reputation,
and now 1t is all undonc by this scoundrel."
It would have gone hard with Ward if Col.
Grant had met him. Wagd feared this,
and had powerful deputy sheriff accom-
pany him in order to protect him. Ward
was great coward. When he came to Mr..
Purrington's Office, soon aftep the failure,
he said, tearfully:
'Do you think the colonel will pound me?
deserve to be pounded This sheriff Is
pretty strong and he'll defend me-