Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1885-06-28
DAILY POST INTHueEHcER


Al KxsaAsRBfxAET swIssLx
James D. Pin has ben ss.zsss,csd 70
f1prisonmsus Zoe she ssrm of ssfl JsaFs.
which, 70 Q man Of bis ago and his
habits b sqaivsisrls % ssnsasss tof
lifs. b. his career may be rssRidsd -
e IN end, and tifs which wns for 90
long IN hsnorsa one lids fair 70 sioss
within . prison. Until within the thfts
o. four years preeedinz his dcwstail. no
man wss mors respected % ssnssderta
more ssss and rsiisbis thsn Mr. fisa.
he smbarksd IN the ship chsndisry
husinsss IN Nsw York IN is4I, and &C.
suireS eonzidsrzki wealth within The
IN years follgxiae. He vss . dirses1s
q shs Marine BANK from he forissticn
IL lss3 asd In 1861 bsoams iss president
Some years later be vithdfsw fr'n his
esm and thsrssftsr devoted his atisn-
ton euiirsiy 70 tho bank. In is76 be
Became acquainted vith Fsnaiusnd
Ward, the man Who b responsible fsr
his dOwnfsll, and vho must be regarded
- ons Of she boidsst and most n,mark-
abls sxindlsrs thai Amsrica hfs pro-
dnss6.
Mes within toe crescent esutary, not
since ths bursting Of the South sss
bubbls. OF he disastrous end OF john
Laws Miszissipsi scheme, have there
bssn sxrrisd On guch extraordinary
Hnanciai trsnssetie'ns a. those which
ere linksd with The name Of Ferdinand
ward. Ward vas The son Of . e,untry
slsrzyman. He vent 70 Nsw York sboul
1870, bsIua then lad Of ID. and va
employed 10 ths Prsdoss Exshsnee h
minor sayaeity. He vas soon pro
nsssd 10 position IN tbs slies Of shs
ssssstAry 81 the Exchanges. lie va
snsrestis. anscrupalous and shrewd. bui
- 10 nsv ssnsraliy aeknosisiiRsd. pos.
sssusd u no real financial ability. In
dssd al his transactions remiad sns Of
the tricks Of iuRalsr OF sistxht Of
hand psrfofmsr, rather than Of ID
spsrstisns af . man Of bosinsss,
while seoupyina the position q
which be had been appointed IN 10
eGlos Of he Secretary Of tie Prodaol
EteAaaes. ward hssams aeqtlsinsss
With Fish. Hs srun saeeastAi tha
Eish furnish him money witl
vhieh they sAosid speculate In Psodue.
Exshanes msmhsrships. Fish though
Tbs idsA 9 good one. and the bsisi ines
eounsstien bstussa ths msn, vhiel
snded with NE ruin Of both, wss begun
Ths suall Sums sdnneed By Fiih rag
IDLY insrsassd. end % the modest sped
ulssisu 10 Exchsnes esrsihcatss wes
ssoa addsd Transactions in grain an,
aous. which Ward stalsd be bouilht TO
sash and sold On time. n asutk, hev
svss, thess Transactions were pursl
mythieal. Ward had already begun u
pra1sies shs msthsds which hs sftsr
wards made famous He simply drss
81 Fish for . ssrtain amoans. and ha'
shs sum piAsed 70 the credit Of his OIL
bankinR aecoant. In fsw uesh;,, or
sss months. a. the ease might be. b
would prepare . slassGnsnt Of bin trans
actions and present u 10 Fish. Thea,
statements always showed substantial
profit on the money invested, and vsr'
accordingly satisfactory 10 she OLD
bAnksr. whs sesms 10 hsvs been . re-
msrkahly easy daps. He never lnves
tiGstsd the Transactions himself. Ia
decd II he bad doas %, be you'd have
found thai thsy existed only IN yonnl
Wards imagination. However, be va
content wish his supposed profits. ant
readily advanced more money as WAR;
FsQuirsd IL II ~ any time he desires
70 draw col any Of his pFoEls Ward
gave him his psssonal check. and 10 70
ssivsd for Il . portion Of ths YER,
monsy vksch be himself had adw.ncsd
In The laissr part Of 1879 ward be
easne acquainted wish o. Q. Gfant. Jr.
and winning hls eonsidenos. soon drsz
him Into his operations. pnrsaing Will
hin The same plan that had beam %
suoesHful In shs case Of fish. On ons
seeasion Grant intsassed him will
$4,000 for the paFchass Of . block Of
ksanine Scar mining stock. The stool
sas never bought, and The edaoOo went
immsdiatsly ipto Wssd's private bAnh
account In July, 1850. she arm ei
0sans q Ward vas Harmed 81 WARDS
sseEss1iosA ~ nsmbszs being Ward,
Grant and Fish. and afterwards General
GRANT Bash partner was Supposed "a
pat h eloo. 100. ens Ehs only one Who
seally inytsted that anaunl In easll was
0snszsl Grant. Wards inFssfmsni
wsa : ayshs md Fish and young Gsans's
insseneals sosssinted ,xrxeis % roass,
SVEN thsn b. Ward tor monsy sssvi.
o4aly sdsAnosd, and securities which
~ sspposedso Ne II Warts pssssssicn.
Ward rssersed fos himsslf he sole
RIGHT " E4nAes shs hasinsss, and would
nss seiarafs The silahisst inssrfsisnee
- ~ PER- 81 sns u bio partners.
- fsx e sSSsAl business Nas can
ssrssd. Ne Arm of Gs~na a Ward did
Aiznass nolhias. a. frss sons spssslA
sien b uinsns and ether stoeni vss 81
tsmpes6. bat they did nss sssarn any
psoats worth m1nticning. Ths bud.
Asm which ward really carried On ose.
slsesd b esssins neniv iron ssly avail.
abl> souFes Coz inysas,nsn& tranxfanina
q - ~ owa hanh assoanA prsssndins
% sarry - large ssanllAcsiens. ana sach
nsnlh prepazine ssatsnsnts shsuine
snssmoaa psoAsA Even The bccam q
~ afn shee iizfls seso<d q ths nasnss
whish eaa rsesiss1 ana pxid oais 4
rs Wards sashsm 10 tell The book.
hssp<zs % The sisd a. cash nsonib u
naks eat > sisasassns ''Aa Car 81 ~
beoks wsnt~ Ne tAsa isek this slsls
msnk dossofsd u % ssis hlmRlf, anz
p4ussn1nf h 10 his rnrtnerR IN,