The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1885-01-22
GENERAL GRANTS REPLY.

'11-Ao 'EPfSSdeeoCS yOuI cdb S6ll
crosby II transferring to her the mortgage
given TO secure my debt of $15O,OOO. she
cannot accept it in whole. She accepts
with pleasure the trust which applies to
articles enumerated in your letter to 90 to
the Government of the United States at
my death or sooner at her option. In this
matter you have anticipated the DISPOSE
ton which had contemplated making of
the articles. They will be delivered to
the Government as soon as arrangements
can be made for their reception.
Papers relating to all other property will
be returned with the request that you have
it sold and the proceeds applied to the llq-
uidation OF the debt which so justly owe
you. You have stated in your letter with
the minutest accuracy the history of the
transaction which brought me in your debt.
| have only to add that l regard your Civ
ing me the check for the amount without
inquiry as an actor marked and unusual
friendship. The loan was to me per-
sonally. got the money, as I believed.
to carry the Marine National Bank over a
day, being assured that the bank was SOL
vent, but owing to unusual calls. needed
assistance, until it could call in it's loans.
l was assured by Ferdinand Ward that the
firm of Grant & Ward had over $3.50 900 to
their credit at that time in the Marine
Bank, besides 81, 800, 900 of unpledged Sc.
curltieS in their own yaults.
| cannot conclude without assuring Won
that Mrs. Grant inability to avail herself of
your great kindness in no way lessons
either her sense of obligation or my own.
Yours truly. U. S. GRANT.
VIM. II. Vanderbilt Esq.
vANDERBILT's SECOND PROPOSITION.
$40 FIFTH AVE-, Jan. II. 1885.
General 9. S. Grant.
MY DEAR SIR On my return home last
night I foundyour letter in answer to mine
to Mrs. Grant. | appreciate fully the SEN
timents which actuate both Mrs. Grant and
yourself in declining the part of my PROPOSE.
tion relating to the real estate. I greatly re.
greet that she feels it her duty to make his
decision. as | earnestly hoped that the
spirit in which the offer was made would
overcome any scruples in accepting it.
But must insist that I shall not be de-
feated in purpose to which I have given
so much thought, and which I have so
much at heart. I will, therefore. as fast
as the money is received from the sales of
tho raa1 actoto dorocit II n, 4ho Tr,:a..
Trust Company. With the money thus
realized | will at once create with that
company trust, with proper provisions
for the income to be paid to Mrs. Grant
during her life, and giving the power to
her to make such disposition of the princi-
pal as she may elect.
Very truly yours.
WILLIAM H. VANDERBILT.
General q. S. Grant.
GENERAL GRANT ACCEPTS.
New YORK, Jan. IL, 1885.
DEAR SIR Your letter of this date
received. Mrs. Grant and l regret that
You cannot accept our proposition to re.
tain the property which was mortgaged in
good faith to secure debt of honor. But
your generous determination compels us
to no longer resist Yours truly.
W. Fl. Vanderbilt. U. S. GRANT.
A FINAL REFUSAL,
New YORK, Sunday, Jan. II, 1885.
My DEAR Mr.. Vanderbilt Upon
reading your letter of this afternoon. Gen
Grant and myself felt that it would be un.
gracious to refuse your princely and gen
erous offer, hence his note to you. But
upon reflection, | fihd that | cannot.
will not accept mnnificence in any form.
beg that you will pardon this apparent
vacillation, and consider this answer
definite and final.
| With great regard and sense of obliga
tion that will always remain,
am, yours. very gratefully.
JULIA d. GRANT