Reporter and farmer. [volume] (Webster, Day County, Dakota [S.D.]) 188?-1946, 1885-10-22
MORE OF WARDS DEviLrRY.
Developments In the Case OF the
Sew York swindler-Sarnpies oil MS
northumberland. Grants Letter.

further Developments Ia the Case OF the
Nav York swindIer-sainpies OF HIS
U,ok.k.e,s,e-Coi. Grants Letter.
In N. statement recently made by Ferdi-
mud Ward. which %purports TO be an ex..
pnsure OF the dealings oI that hrm ano Oh
The men who made money by them Is sonie
interesting and new matter. declares
that the 81, 900, 900 which he says w. ..
Warner got out Of the firm was IN ms
~ouipion divided among a number OF per
sons. He says Mr.. Warner in making an
Investment and receiving in return therefor
Il receipt, would have had that receipt spiit
M into nine other receipts, each oil 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, S33i, $40; Charles Nc
Nance, s59,540; II. G.. Clark, Sl11,64o;
J. II. Work, S34,650; J. II. Work, $4,000;
c. p. b. S77,45O; Hooker, $1,000; j.,
S520,560 Joseph s. 4 Son, S3l. 300; W.
S14IG40; +. p. W, SSi,6Oo; w. A. IL.
S34, $50; c. p, 100000.
C.P. B.. and +. f. w. are Charles =.
Britton and Frank +. Wood, two OF the
tftAllIDlS DTtltlEtb III Hi .
f, w. W +. c. j., b. l.. Hare r. w. VIII
merding, l.. c. James, and b. l.. Herrick.
w. A. ii. il probably to be read w. A. T.,
r 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 T., as well as on money otherwise
procured. With an intimaticn thai the
contract" buiness was not unknown To
some of his partners, Ward produces
this letter:
New York, May II, .1ss3.-Dear Fred: l
am going to Philadelphia today, to be back
tonight. | nave some contract contract
underscoredl money coming in tomorrow
and want to rein vest it. Don't forget it.
Yours,
Buck.
Mr.. burlington, who is counsel for the
Grants, said:
20. Fred kept a minute account OF all his
transactions with the firm, and what Ward
said at the time This shows his losses con-
clusiveIy. A short time ago Ward was
claiming that Col, Fred had taken out
S25O,O00, | asked Col. Fred about it, and
received this letter: q
col. GRANTS LETTER.
NEW YoRK, Oct. 2, lsS5.-Doar Sir:
Your letter asking me about a rumor that
Ward has stated that he paid father S2OG,-
900 in excess Of what no CatheF) put in the
firm Of Grant e. Ward, and paid me $3.50
900 in excess OF what | paid deposited
with, or loaned to him WARD, has been
received. AZ ~ fathers account, have
only to say that he pat in the firm ofGrant
& Ward 500, 900 oihis own money, and
deposited there 500 900 of my mothers
$4,000 belonging to the fund raised
in Philadelphia to pay for the house
3 East ~Sixty-sixth street, $4,000 from
sale of the Long Branch cottage built while
father WAS president, SIS, 900 from the
sale Of Anslo-American bank stock that
mother had owned some years, and Sl0,-
900 from savings from her income and all
advances that father had given herh and
sl5Q,0Q0 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 incomcand profits outside Of
the firm OF Grant Il Ward latter the S2d0,,
o was raisedl was creator than the
amount he sppht, Father made no in-
yestments while In the firm except those
he left with the firm, and Mr.. Ward had
charge Of the securities.
As for myself, | took from the firm OF
Grant & Ward about - less than | put
in. What Ibid take out was paid as pYok
its to those whose money ! Was using, OK
cept so MUCH as i took so support my
family ~ ). becoming way. | had S5T,O 900
when first know Mr., Ward, now | owe
100000 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 OF all OF my
transactions, my books are epea TO them,
IL you sse fit t8 make public my ~transae,
ti9ns With Ward do sa-there is nothing |
wish to cover upon the contrary, ! would
like everything known,
II have one nothing | am ashamed OF,
except that | dealt with such men as Fish
and Ward, and there is nothing | am sorry
for except the suffering winch has b~efallep
innocent people through my confidence ia
these men. ] was not ~ member OF the
firm, but ] believe | could have been de.
ceived JUST a. my father and brother werezs
mad ! been one ofthe partners, can truly
say that ! regret thai | did not occupy the
place my iather had in this firm, tor be,
HaNa hi2 disease Was brought on and his
death hastenod by the treachery OF these
men. Very truly your friend,
+. y, GRASS
Mr.. burlington said ha had crossed out
the RmpHnt ioat be0ause Col. Grant had
mistaken the amount. The money which
Col. Grant put into the firm was distribut.
ed as follows:
Col. Grant ,.......$57 900 Mrs. +. D. Grant. .OOO
Mrs. Crainer...... 1900 Us .Grantn n ph'w 5000
]. Il. Madary... $4,000 ---v-,
Mrs. Corbin...... $4,000 Total. ..,,,. ! lIa,3DO
OF this mnnGY MadsgY sot back s., 600,
tnd w. 5, 1rant $500. The loss drove
MadIry crazy. Col. Grant drew out S15,-
600 as profits, leaving a loss of $l00, 900.
MIR. 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 I Is oil updaaeB BY this s~ooandrel,H
1t would have gone hard with Ward II Col.
Grant had met him, Ward feared this,
aud had a powerful deputy sheriff accom-.
pany him In order to protect him. Ward
was n great coward. When he care u Mr.,
PurriIiGton's Office, soon after the failure,
he SAID, ~tearfully:
DO you think the colonel will pound me?
l deserve to be pounded. This sheriff Ia