The Washington critic. [volume] (Washington, D.C.) 1885-1888, 1885-10-14
FERDINAND WARD AGAIN.


The "YOung Napoleon" of Fraud
Makes Another Statement.
Ferdinand Ward, the most remarkable
iinancier that the country has ever pro-
duced, has made another statement, in
which he gives additional figures and infor-
nation, and answers some of the criticisms
made upon his first statement. lie says in
support OF his assertion, that Ulysses $.
Grant, ir, ("Buckn), knew of the alleged
contract business of the firm of Grant IL
Ward; that the statement of young Grants
account shows corrections in his own hand
writing. This account was as follows
Profits received, s574,000; checks on CON
tracts after May, $7SO,0O0; bank balance,
$232O00.
"This shows" says Mr.. Ward, "that the
account has been seen, checked and APP
proved by young Grant himself That is
his handwriting, those are his figures, and
1t is simple mental and physical impossi-
bility for him to avoid the responsibility of
them; that's all.N
Mr.. Wards attention was called to Mayor
Grace's denial of any connection with the
firm of Grant & Ward, and the statement
that he had lost, not made, money by his
transactions with that firm.
Turning to the letter-booll' and running
overits pages, Mr.. Wards finger rested on
No l39, on which is a copy, clear and dis
tinct, OF the letter he said he wrote and
sent to Mr.. Grace June 2S, 1884. In con-
irmation Of his assertion that the pecuniary
transactions mentioned in that letter book
the same book in which the letter Mr..
Grace denies having received is found-Mr.
Ward called attention to large number of
transactions, each and every one of which
he traced distinctly from start to finish,
showing the date Of the loan, the CORE
spondcnce that passed in respect of the
agreement signed by Grant " Ward and the
checks with which Mr.. Grace was paid his
half the profit made thereon down to the
final eliminating transaction, when the
principal itself was returned
About Colonel Fred. Grant Mr.. Ward
says: ale did get what | say he got what
the checks and accounts show he got. He
was deceived in believing there were Coy
eminent contracts, and he was therefore
wrong when, being so deceived, he said he
never heard of any such thing as Govern
ment contract, and as it was with him so it
was with others, They We're deceived, but
they thought they knew, and so long as
they prohted they were willing to partici-
pate in what they now say they never
heard of
About General Grant he further says: 81
have never intimated, much less said, that
General Grant took out 500, 900 over his in
vcstmcnt. What | have said the books
show, and that is that, as matter of fact, he
did receive, according to the undlsputcd ac-
counts, just what the Hesdid published the
other day His share of the profits as u
member Of the firm of Grant 81 Ward were
| 1926, 450.S9; profits which paid him were
$50, 1S0.G0; stock losses properly chargeable
to him. but assumed by the firm of Grant Il
Ward, S2i, s47.1S. Total, S242, 01D.57.n
OF the Belmont Railroad " Mining Com
pany Ward says:
at would seem as il General Gordon,
having sold Grant & Ward the mine, and
being its president and living us he did on
the ground and being interestcd-as he
seems to want the public to think he was
in its welfare, would have advised with
the manager and consulted Grant ~ Ward
about the way things We're going on. Mr.,
Otis was an army officer, and the Grants
put him there, | suppose, from desire to
help him along, but General Gordon should
have advised him.
As to the loan of $4,000 to General Cor
don, Ward says: 1--WE assumed the loan at
the Marine Bank and paid it, and on March
6, 1889, the directors of the company held II
meeting and received and accepted General
j. b. Gordons resignation, General Gordon
first asked for loan of $4,000 but not
getting this he accepted SIS, 900, and instead
of paying this loan he paid no attention to
the calls of the bank for money, so Grant &
Ward had to pay 1t; and it was then, of
course, natural that as General Gordon had
lost all interest in the stock Of the company
he should desire to free himself from all
liability, and did SO by resigning.h