Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1885-10-11


only alludes casually TO these "Gov-
eminent contracts" and always as If
assuming that it was well understood
they were blind.
The profits alleged to have been
made by the firm on contracts " be-
tween April, 1882, and April, 1884,
are as follows: April Is, 1882, s4O,-
205 May, els, 525 June, none; July,
$3.50; August, a6,35O.27; Septem-
Der, s23, 440.5l; October, t3S, l74.64;
November, s39,753; December, &C.,
s55; january, 1883, l3S,702.44 /;
February, sl2l,75O.39; March, sss,-
5Ol.34; April, col, 4GS.44; May,
sl32,0S6.93 June, s2l5, 532.47 July,
sl64.09233; August, sl57,943.33;
September, sl49, s67.99; October.
s203, 367.57; November, 75,lSS.6l;
December, sl69, 73434 January, 1884,
sl6l,0l4.02; February, sll7,2l5;
March, sl0S,50S6O; April, $780,
1913; showing total Of net profits
in two years and one month Of 81, $780,
1882. Memoranda show that the
profits reported to j. ID. Fish from
April |, 1882, to August 4, 1884, were
s3,904, 700, but the profits reported to
the entire firm were $3.50, 1892.
The difference is the amount paid to
outside parties for the use of the
money, and amounts to 81 ,344,85l.0S.
In the same way as that followed by
his brother, Ulysses s. Grant, Jr.,
Colonel Fred. Dent Grant, who was
not, however, member Of the firm,
put in from August 10, 1882, to April
9, 1884, the sum of s6,093, 800, on
which he drew, according to the books,
checks, and vouchers, u, 1858, 77l.3S.
the profits being 81. l59, 97l.33.
The relation of the Marine Bank to
the firm, Ward explains thus " The
Marine Bank, its president, and direc-
tors, kept with Grant & Ward a con-
tract and profit account precisely like
that Of all the dealers with that extra
ordinary firm. Their dealings began
in the latter part Of 1882, and con-
tinued down to the middle of April,
1884.
THE MYTHICAL GOVERNMENT CON-
TRACTS.
The fact that the investors in the
mythical Government contracts "
thought there was something net quite
correct about them is shown by Ward
in an account he gives Of trip on the
Erie road in November, 1888, on which
himself, General Grant, Mr.. Fish, Col
onel Grant, Mayor Edison, j. Nelson
Tappsn, and others interested in these
contracts y were along. Ward says
AT the time this trip was made Mr..
Fish had invested with Grant 4 Ward,
through the Maine Bank and others,
some S2,000,000, which he sup
posed was in Government con-
tracts procured through the influence of
General Grant, and still'all through the
trip he never said a word to General
Grant about them. Colonel f. ID. Grant,
at that time, had invested with Grant 4
Ward some million and a half Of dol
lars in city and other contracts, which
he supposed were procured through the
influence Of Mayor Edsen and j. n.
Tappan, and still he never mentioned
the fact to either Of these gentlemen
throughout the trip" In this manner
Ward would seem to indicate that he
was playing General Grants Govern
ment contracts - off against Chamber
lain Tappan's "city contracts"
Ward solemnly declares that Of all
the money he paid Mr.. Warner he never
got one cent for himselfas commission
or bonus, and that he assigned his pro-
perty to Warner after the failure under
a species of corruption. OF the five
million dollars profits made by the firm
during its existence, Ward gives a
detailed account, showing to whom
they went. Among those who received
these moneys are the members of
the Grant family, Fish, Mayor Grace,
j. Nelson Tappan, and Ward himself,
who got s633,9lS.l6. Ward indicates
that the money which Warner invested
with the firm was procured, in great
part at least, from Julian L. Davies, at
present receiver Of the firm of Grant &
Ward James McNamee, j. Ii.
Work, j. G. Work, and others,
whose initials appear on Warmers pa
per. Regarding Warmers transactions,
Ward said " In a great many
instances part of the profits were
made in due-bills, which undoubtedly
represent Mr.. Warmers part of the
profits in the transaction, the receipts
attached to the due-bills showing what
he paid other parties. | cannot say
what proportion Dir. Warner paid to
the individuals, but | judge from con-
versstions with him at various times
that they were getting very small
proportion, and he very large pro-
portion Of the profits"