Savannah morning news. [volume] (Savannah) 1868-1887, 1885-01-12
THE MORTGAGES RETURNED.
GEN. GRANTS REPLY.
Following is Gen. Grants reply:

NEW YORK CITY, Jan. 10, 1885.
DEAR SIR-Mrs. Grant wishes me to answer
your letter of this evening, to say that while she
appreciates your great generosity in transfer
ring to her the mortgage given TO secure my
debt of Sl50,OOO, she cannot accept il in whole.
She accepts with pleasure the trust which ap-
plies to tue articles enumerated in your letter
to 90 to the Government of the United States
at my death, or sooner at her Oh
ton. In this matter you have antici-
pated the disposition which | had
contemplated OF making of the articles. They
viii be delivered to the government as soon
a5 arrangements can be made for their recep-
| tiOn. The papers relating TO all other prop
erty will be returned with the request that
you have it sold ana the proceeds applied to
the liquidation of the debt which l so
justly owe you. on have stated in
your letter with accuracy the history of the
transaction which brought me in your debt
have only to add that regard your giving
me your check for the amount without
inquiry, as an act of marked and un-
usual friendship. The loan was to me per-
sOnally. l got the money, as | believed,
To carry the Marine National Bank over a
day, being assured that the bank was solvent,
but, owing to unusual calls, needed assistance
tIil it could call in its loans. | was assured by
Ferdinand Ward, of the firm of Grant x
Ward, that they had over 5000 ,OeO 10 their
credit at that time in the Marine Bank, be-
sides Sl,30o0O0 of unpledged securities in their
own vaults. / can't conclude without assur-
ing you that Mrs. Grants inability to avail
herself of your great kindness in no way les
sens either her sense of the obligation or my
own. ours truly, u. 5. GRANT.
". II. Taader5ilt, Esq, G4O Fitlh A eesue.
VANDERBILT WRITES AGAIN.
NEW YORK CITY, Jan. Il, 1885,
To Z. S. Grant:
on my return home last night 1 found your
letter in answer to mine to Mrs. Grant.
appreciate the sentiments which actuate both
Mrs. Grant and yourself in declining part of
my proposition relating to real estate. 1 re-
gret that she feels 1t her duty to make
this decision, as l hoped that the
spirit IN which the offer was
made would overcome any scruples
in accepting K. But must insist that shall
not be defeated in the purpose to which
have given so much thought. will therefore
as fast as the money is received from sales of
real estate, deposit it in the Union Trust
Company. With the money thus realized
Will at once create with that company
trust with proper provisions, for
Grant during her life. '' and giving
power to her to make such disposition of the
principal Oy her viii as She may elect.
Very truly yours, w. II. VANDERBILT.
THE GRANTS CAPITULATE.
NEW YORK CITY, Jan. II. 1885.
DEAR SIR-Your letter of this date Is re
ceived. Mrs. Grant and l regret that you
cannot accept our proposition to retain prop
erty which was mortgaged in good faith to
secure a debt OF honor, but your generous de-
termination cOmpels us to no longer resist.
Yours truly, L. 5. GRANT.
MRS, GRANT EVENTUALLY BACKS OUT.
NEW YORK, SUNDAY, Jan. IL, 1885.
Jfy Dear Nr IdndeFbiH:
Upon reading your letter this evening Gen.
Grant and myself felt that it would be ungra-
clOus to refuse your princely and generous
offer, hence his note to you. But upon refiec-
ti0n ! find that | cannot, and l will
not accept your munifcence in any form. l
beg that you Will pardon this apparent vacil-
latiOn and consider this answer definite and
final With great regard and a sense of Obliga-
ton that VIII always remain, l am yours very
gratefully, JULIA ID. GRANT,