New Ulm weekly review. [volume] (New Ulm, Minn.) 1878-1892, 1885-10-21
MORE or WARDS DEv1LrRY.

MORE OF WARDS DEv1IrRY,
Further Developments in tho Case Of the
New York swindler-s samples 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, 600 which he says w. s.
Warner got out of the firm was, in his
opinion divided among a number of per-
sons. He says Mr.. Warner in making an
investment and receiving in return therefor
q receipt, would have had thatreceiptsplit
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.
y. McNamee, 1884, $40; Charles Nc
J. d. Work, $34, $50; j. III. Work, S., 800;
2. ?. B., SIT ,450; - Hooker, $4,000; j.,
s520,56O; Joseph S. & Son, $3l, 900; W.,
S144.64o; F. B. W., $84, 500; w. A. II.
6$34, $50; c. F., $66, 900.
G. 2. B. and T. r. W. are Charles p.
Britton and Frank F. Wood, two OF the
creditors preferred in Wards assignment.
+. w. W., 3. G.. j., B. T.. Fl. are +. w. Will
merding, E. G. James, and B. l.. Herrick.
w. a. II. is probably to be read w. A. p,
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 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 IL, 1883.-Dear Fred
am going to Philadelphia to-day, to be back
tonight. | have some contract contract
underscored] money coming in tomorrow
and want to reinvest it. Don't forget it.
Yours,
Buck.
Mr.. burlington, who is counsel for the
Grants, said:
Col. Fred kept a minute account OF all his
transactions with the firm, and what Ward
said at the time This shows his losses con-
clusively. A short time ago Ward was
claiming that Col Fred had taken out
$25O,OOO. / asked Col. Fred about it, and
received this letter:
COL. GRANTS LETTER.
New YORK, Oct. 2, 1SS5.-Dear Sir:
Your letter asking me about runor that
Ward has stated that he paid father $780,
900 in excess OF what he (father) put in the
firm OF Grant & Ward, and paid me $780,
ooo in excess OF what I 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
q Ward $780, 600 OF his own money, and
deposited there 100000 OF my mothers
$4,000 belonging to the fund raised
IN Philadelphia to pay for the house
3 East Sixty-si1th 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 $1O,-
900 from savings from her income and all
advances that father had given herr, and
$3.50, 600 he lea;d obtained from Mr.. Van
derbilt.
My fathers expenses were about 900
month, 81 600 of which he allowed my
mother for naintainingsthei home, $500
ne gave in charity, and $500 he kept for
his own Use, but gave most OF this away in
presents
MY tatheFHs income andiprofits outside OF
the firm OF Grant u Ward latter the $780,
900 was raised) was greater than the
amount he spent. Father made no III
vestments wilhelm the firm except those
ne left with the firm, and Mr.. Ward had
charge OF the securities.
AS Tor n1yseH, Il took from the firm OF
Grant q Ward about 80 less than 1 put
IN. What Ididt take outwas paid as prof
It's to those whose moneysI was using ex-
family in a becoming way. had $57 600
when hrst knew Mr.. Ward, now I owe
$500, OO9 Through his treaehery.
have nearly every check ever drew ia,
my life a fnll history Of every transaction
l ever entered into, and ii anybody who
has any right TO inquire into my affairs
wants to aanow about any or all Of my.
transactions, my books ars open to them.
Ii you zee fit to make public my transso-
tons with Ward, do so-there is nothingI
wish to coverup-on the oen trary, I would
like everytking known.
Il have done nothing an ashamed Of,
except that I,tlealt with such men as Fish
and Ward, and there is nothing am sorry
Tor except thesuffering winch has befallen
Innocent people through my confidence in
these men. was not as7nember OF the
firm, but sbelieve l coulG have been de
ceived just as my father and brother we're
mad l been one OF the partnnTs. lean truly
say that i regret that did rot occupy the
place my 1atker had in this firm, for be-
lieve his disease was brought on and his
death hastened' by the treechery OF these
men, Very truly your fric1ala,
: 8. D. GRANT.
Mr.. Purringtoss said he haA crossed out
the amount1lost because Gel! Grant had
mistaken the,amOunt. The emoney which
Col. GraaS putii1s1o the firm Eas distribut-
ed as follows:
Col. Grant .s57; oOOIMrs. +. 50. Grant. 6, ooe
Mrs Cramer.... 7i2OOl Z. S Gragt NJ ph'w.5 6, 900
II 3. Madary... $4,000 ss -
Mrs. Corbiil...... .25, 600 Total. Sll5,3OO
OF this mooney sMadary got hack S., 900.
and y. S. Grant 50, 500. The loss drove
Madary crazy. Col. Grant duew out Sl5.-
900 as profits, leaving loss ea 500, 900.
Mr. burlington ssaid that Sol. Grants
rage at the time 81 the failure was some
thing terrible. HeHid not careaior himself
but only for his father. He sa;ls: .Itcost
zoo 900 lives to buiid up his Reputation.
and now it is asll'unesone by this,scoundrel.
1T would have gonek with Ward if Col.
Grant had met hiM. Ward feared this
40 had a powerful ,Sseputy slnesiH accom-
f'any him in order to protect kirc- Ward.
WIS a great cOWa ,Ed. MVhen he carve to Mr..
lPnrrlngton's Office, soon after tbs failure.
he:said, tearfully:
!, 1, 40 you think the edaonel will paand me?
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