Evening star. [volume] (Washington, D.C.) 1854-1972, 1885-10-09
Colonel Grant on the Ward Statement
WARD HAS PERVERTED THE FACTS.

From the New York Herald to-day.
Colonel Frederick D. Grant said: 81 have read
the statement made by Mr.. Ward In the Herald
do not desire to say anything in answer 10 the
matters in reference to myself, simply because
my affairs are in the hands of my assignee, Mr.
burlington, and he will say what he deems IL
right to say on my behalf. He has all the
papers and all the figures in his possession that
should be unable to give, even If I thought II
proper for me to make any extended reply to
this story. l think 1 may say generally that
Ward has perverted In many instances the facts
of the case, SO far as l am concerned, and has
produced an impression that will lead TO erro-
neOus deductions.
ais that so in reference to contracts, colonel?''
ayes, wherever the impression is conveyed
that have said anything that would lead any
profits were said to be derived from contracts,
that il wrong. did know that 1t was said that
these profits were obtained from contracts.
ceived, of course, in that, although the asser-
ton that some profits were obtained from con-
tracts is not without foundation as far as 1 my
self am concerned.
THAT part of the statement about you being
one Of a number of gentlemen who took q long
you said anything-one to the other-about
your mutual interest in these profits, strikes
the ordinary reader as rather odd, colonel9"
myself. The only gentlemen in that party that
Ward and Fish. Ward did not speak to about
L
nearly every day. Fish l did talk to about our
business on that journey; that remember very
distinctly. Mr.. Spencer, Of the Erie road,
| knew, because had some business With him
| IN connection with that road; Mr.. Tappan.
knew something of; but did not know that he
| had any negotiations with Grant Ward OF
the same character that had, and that Is true
| of all the other gentlemen present In the party
except Ward and Fish and my father. ! do not
think there is anything very remarkable In
that. It is not usual for men to talk over bust.
ness matters with one another In which they
are not mutually interested. did not know
that these other gentlemen had q like interest
with myself, and therefore did not talk with
them about It,"
COLONEL GRANTS LOSSES
According to Wards statement 1t looks as
though you lost somewhere about million OF
dolarsf"
81 did not lose that, Of course, although
Wards statement might bear that interpreta-
| ton. lost more money than took out con.
siderably. MIR. burlington can say what the
Ward has put the matter in q false way, ma 3
say, because very frequently he puts as profits
in his statements what we're simply repay.
ments of money borrowed, which payments
Wssrd ansesy me
build up Grant & Ward, and allowed as much
money a. could to remain Ia their hAhds, and
therefore, TN the natural progress OF bnsiness
OF money, when, actually, the money wa only
partly repaid. In these investments with Grant
d Ward represented Others besides myself
and there was an agreed division Of profits, a
Investment. It is, therefore. easy 70 see how
such statements as Wards are calculated u
mislead. think I have said now a. much
about this matter as ought to say, consider
desire any, must refer you 70 Mr.. Purrfng
ton"