The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1885-11-27
THE GRANT FAMILY,
CONDITION OF THE FUNps-THE Pro
BABLE RECEIPTS FROM THE SALE OF
THE GENERAL's Book.
Especial Despatch TO The Boston
JonRdl.)

Joeandl)
WASHINGTON, Oct. 11.-An init
mate friend of the Grant family
makes the following statement:
Gen. Grant had 100000 worth of |
first-class railroad mortgage bonds, |
which were the result of several |
operations with prominent and
wealthy friends in New York.
These securities he kept in u box,
which for safe keeping he placed in
vaults where Wards papers and
valuables were. When he came
down to the Office to get his box
the day after the failure it was
gone, and the securities have never
been heard from. That day Ward,
in the only interview he had with
Grant after the failure, acknow-
lodged that he had taken the securi-
ties, sold themand made away with
the money. This is the reason why
Grant was so completely bank
rupted.
"Gen. Grant told me-" said the
gentleman, ''that he never had such
an experience rs occurred at that
meeting with Ward. Why, the
creature crawled and groveled at
my feet, said Grant. He declared
that he expected to go to the peni-
Tertiary, that he ought to go there,
and that he was unable to explain
why he had acted as he did. L have
never had such an experience, and
1 trust that | may not have
another"
Col. James F. Casey, the brother
of Mrs. Grant, in speaking of the
condition of the Grant family re-
Gently, said this: ''The Trustees
of the fund which was raised for
Gen. Grant have acted with great
fairness. When this money was
raised it was invested in Wabash
bonds at Is per cent. above par.
The S250,000 bought 1873 one thou
sand dollar bonds. The estate of
f. ID. Morgan guaranteed the in
terest at per cent. for ten years,
and two years of that guarantee yet
remain. The Trustees have on foot
movement to take up these bonds
at par, and give the money thus re-
ceived to Mrs. Grant. The only
question in the way is as to the ID
per cent. above par, but think
that, too, will be restored. Mrs.
Grant has said nothing about this
matter to any of her friends, and
done nothing. The act of restora-
ton is entirely voluntary on the
part of the gentlemen interested,
and l have no doubt that it will be
complete"
"What amount of the proceeds of
Gen. Grants autobiography will his
family get?" l asked. (For some
reason the publishers have kept this
secretly
''The per cent. is very large.
They told Mrs. Grant that they
were sure of selling 100000 copies
some time ago, and | learn that the
subscriptions have been increased
nearly 100000 copies since then.
This does not include the edition for
England. This will leave Mrs.
Grant very comfortably off, and the
boys are young and must take care
of themselves. s."
81 want to correct one misappre-
hension," said Colonel Casey. SIT
was generally reported through the
country, and believed, that Presi-
dent Arthur offered to appoint Fred
Grant a captain of staff, commissary
or quartermaster in the army. This
is mistake. General Grant would
have been very much gratified if the
place had been given his son. But
Arthur would not do it, though
friends who knew Grants feelings
and anxieties presented the matter
to the President, and urged it as
strongly as they could with pro-
priety." WEBB.