New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-10-09
WARDS DESPERATE RESORT
HIS TEN-COLUMN CONFESSION.
HOW 1T IS REGARDED BY MANY OF THE mgN
NAMED IN 1T.

Ferdy" as called him. to u 8. Grant, jr, and other
members OF the Grant family went to intimate friend
OF the Grants and with streaming down his cheeks
acknowledged the ruin and disaster which his brother
had wrought upon the fortunes OF General Grant and
exclaimed IN the deepest distress apparently that tho
thing he had left to live for was to right the wrong
done tho Grants. Within two days he was threatening
that unless his proposed coalition with the Grants
and jerome b. Chafeo to bring suit to
recover profits from others in the contract
| business were not accepted. then everybody
would have TO look out If "Ferdy" should 20 down.
The peremporly refused to be drawn into such
q situation Then Ferdinand Ward made call. First
he took care discaim all that William s. Ward had
threatened "You know" he sald that VIII Is OFF
his nut and should be held responsible for his
lions" Ward wished interview with the Grants. He
in nervous, highstrung state and with an air OF
apprehension he said: "Do you think that IL l
to meet Colonel Grant, he would pound mel"
lie was assured that such proceeding would be be.
meath the consideration OF Colonel Grant. ward, 1t
seems, had good cause for fear Colonel Grant loved
father verge OF doatry and he know that the
disaster had struck General Grant to the heart lie sa
who smarts under injury uninstly done and he
saw how great harm his father had suffered
from Wards transactions. The friends OF Col
onel Grant declare that it was fortunate that
he and Ferdinand Ward Gid not meet
within day two after the failure The threats OF the
Wards were dropped for tho time. When the case OF
d. Fish abOnt to be reached for trial. siren
efforts n
ing represented United States DistTct-Aorney Root
that the Illness General Grant demanded this. Gem
ea Mr. Root that he wished the trial
pushed as rapidly as possible.
Ferdinand Wards trial is set down for october H. and
within a few weeks he has been giving ominous
expression threats of what he would do letter OF
william Wards appeared full of queries and inuuendoes
regarding the relations OF the Grants to the operations
OF Ferdinand Ward AL this was in line with tho
threats OF sixteen months before 1t was at that time
that Ferdinand Ward had expressed desire to overlook
the injury him by the Grants and he protested to
be willing to forgive them for what they had done Tue
TRIBUNE recently published about all the names
worth mentioning in Wards list Yet he kept
on making his threats, declaring that others
were as deep the mud he IN the mre. OF sudden
quiet and solemnly declared that under the adj
vice OF counsel he should say no more.
Yesterday The Herald published a statement from
Ward extending through ten columns and dragging in
every name with which the young Napoleon OF FL
had in contact This is tho execution OF
Wards threat Ward first gives history of his life,
including the interesting statement that no was once
Of the sunday OF Dr. Storrss church In
Brooklyn. His brother william, he says, was sent
at time to Colorado to examine mines. These VEN
lures are being examined by others. Ward gives a
recital his operations with the Grants defty putting
forward their activity and keeping his own role in the
background strikes deep water IN his account OF
how he was fooled In the matter OF the Belmont coal
nine in Alabama by General j. b. Gordon. He was
told he says, that the company was embarrassed for
funds and could go further and General Gordon as
sured him that the Indebtedness OF the company was
only $4,000. Giant & Ward went into the venture,
with General Gordon president Then General Cor
don failed to pay to the Marine Bank note OF
$4,000 a loan on 5000 shares OF the
stock Ward says that when the mine was
shut down. the indebtedness instead OF being $4,000
was Sl5O.0O0. Regarding this Hugh H. Gordon, the
son OF j. b. Gordon, said yesterday Ward seeks to
ronvey impression that Grant Ward led into
The facts are that General Gordon believed that with
the proper caIital che mine would lie good Investment
The important point here IL that Grant n Ward sent
William ward to look into the property he did So and
it was on his favorable report mat the urn weat INTO inc
From the time the firm made Its investment
had the entire management OF that property The IN
&tSf Year Of is management the was
S500O0, General Gordon had nothing to 90 win that
A for the $4,000 loan that was on 5000 shares OK
stock which General Gordon considered as good col.
lateral and which mas have been so considered by Grant
the Herald next publishes Wards statement
him down as saying that the accounts OF
Grant & Ward We're most systematic" Ward
on the Grant * Ward books but GA his private memo
anda He fS GS St" sum 5e'e as dn dG% to him
$737 200 eaSyng e balance 5 s, OF f., so1 s2oUa
cash total" Of $77Ol2i. General Grants profits"
are figured S2i2079 81 although his personal ac-
S SHOWN loss Of % Is Colonel Grants invest
ments pat down at a total OF 81. 4s5,oOo:
said Yesterday: The tissue OF lies which The Herald has
pghShed have but Observation-Disclosures desire
Ferdinand Ward 10 influence public opinion for his ap-
preaching trial His figures are h0pelessly false lie
does not pretend make any offsets for the moneys
which says lie paid he simply fOots up his own
figures in his way and those embrace only what lie
schedules as that which gives William >. Warner profit
of 81 100000 would leave the Grants each laige de-
Their losses figured up the difference between the
actually put in by them and those actually taken
of their losses at present because that would
only afford Ward chance doctor up his accounts with
her nf In 1 "A Colonel
which exactly defines his position in the matter
you will kindly omit the first amount which he states
representing his actual loss You may have the letter
The Grants have nothing to conceal 10 TILE matter.
Oney said that he and his brothers wOnd appear at
any time without "a subj 9na As for the Indebtedness
Il e Grants the creditors OF Jesse r. Grant have all
signed memorandum expressing their belief that ms
inability meet his obligations is in no way due to lack
OF honor integrity his part to any cause except
failure OF the firm when he believed to be solvent
They therefore have set aside his assignment ON the
ground that you ascrbed here producing the papcrl
that their interests would be best snbServed by such
Colonel Grant had obtained the sena Tres OF all
but two Of his credors-who were absent IN nroe5 70
like paper when MS fathers illness prevented further
the figures. but withhold his statement Of his actual
losses the reason already stated"
The letter referred 10 Is as follows:
NO. : S EA.T sikT Gi17 6cs rsss.s
sted that he paid father S0G000 in excess Of Wit no
@ oo put m sS 81 b Sia9 MI ana e 9S
Lin Ward has been received to fathers account have
S TO oS sh mo aS ne aS saf 6 r @ O
lSAOOOO belonging the fund Philadelphia
for house No East sixty $95UoO for tn sale
Branch cottage built while father Presi
$4,000 the sale OF Anglo. American bank
stock that mother had owned some years. and $4,000
and allowances that father
gwen heand $4,000 be had obtained from Wander
bt expenses about 1000 month LOCO
which he allow ed mother for maintaining their house.
$500 charity aud 5000 ne kept tor his but
gavo % this presents My fathers income and
profits. outsi OF the fm Of Grant & Ward after ths
$4,000 fund rIse was greater hau the aDOnnt no
spent Father made investments whiC in the urm eN
crt those no left with the rm and Mr. Ward had Charge OF
securities
As for myself took from tho firm Of Grant Ward aboIt
= less than what | DID cut pa as
profits money using except somuch
IL took support family I'm bccO ling | had
S57 900 when lrst knew Mr.. Ward Now owe s5OlOOO
through treachery have ncar check Drew
my life. full history n ever entered into and II anyepiy
inquire into aiaiIs wants 10 know
III nNfr