The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1885-04-22
.rnY fIiNANelAL MisHoMluNEs
OF Genera, orant-,what hi. rre.en. Possess.

or General Gfnub-shhNthSaaVH tt.t@
Ions ARE.
N. y. Correspondence CoaisF Journal.
The saddest incident in the history OF
Gen, Grants financial misiortunes bus
never appeared in print until now; and,
as stated above, IT comes to me on indts-
putable authority from lawyers. When
the General returned from his trip around
the world and decided to make New York
his place Of residence for the, future, a
number Of leading citizens Of the metrop:=
oils subscribed si0O,Ooo to buy housed for
him. After looking the ground over, the
brown stone, structure on Bast Sixty.sixth
street, between Madison and Fifth avenues,
was decided upon as in every respect
eligible. The price. too, was within
the amount subscribed = 500, 900;
but when the donors came to purchase
the property they found there was mort
rage for SOD, 900 upon 1t, which the holder
was not willing TO yield up. He was en-.
tirely satisfied it'll his interest OF some .
per cent, and twas determined to pay
$4,000 In. cash and assume the MORTGAGE.
This was done, and the remaining 0,0O0
was turned over 70 Mrs. Grant, the prop
erty having been purchased in her name.
II was decided to let the mortgage expire
by the Limitation of itsown terms, and
whenit fell,due TO meet II. Meantime
the 500, 600 was invested by Mrs. Grant at
the current rate Of. interest, and the family
moved into their new home In the city OF
their adoption. t
When tho General got into the firm Of
Grant & Ward and became dazed by the
vista OF financial possibilities which open
ed up to his unsophisticated eyes in Wall
street, q family council was called, and II
was deemed advisable to invest Mrs.
Grants $4,000 in Wall street enterprises,
which the head OF the household iondly
believed were paying magnificent aud
legitimate interest. Why should 500, GOO
be allowed to draw q beggarly rate OF 8 or
u percent when II might Just as well be
turning over 10 or 20 percent OIL the
stFeetP The 500, 900 that was to clear tho
mortgage on the Grant home on East
Sixty.sixth street was invested with Grant
& Ward, and Il was swept away with the
rest. Thus tue Grants are, In one sense,
merely tenants Of the house In which they
live, and all because the original holdefOt
the mortgage thought he bad too good an
investment to let 90 Of when Mrs. Grant
had the money 70 wipe 1t out
tits said that his loss brought TO the
door OF his family by his confidence In the
,scoundfel Ward embittered the dying
hours Of the ex. President more than all
his other mislortunes, and that the engult-
Ing Of his wiie's property, some ot1t In the
West. which he had given to her years
ago. caused him the most acute mental
agony when the cancer was eating its way
slowly. but surely, into bis shattered
frame. A prominent physician told me q
few DAYS ago that q year and q halt ia the
period Of an epithellal cancer, suChas that
which attacked Gen. Grant, and cases
have been Known TO run i've years before
death supeFyened; but Gen. Grants low
physical condition consequent upon the
breaking Of his leg favored the rapid de.
yelopment OF the disease, and tho mental
trouble that followed the irightful cataa.
tfophe Of last summer, and his anxiety 70.
Vartline the bill toplEce him ON the re-
tired list OF the army, soon made II acute.
Cen. Grant, sources Of revenue Of late
have been the interest on the quarter Of q
million Of dollars subscribed ior him and
saiely Invested by i Board OF Trustees, and
Gis nav AZ a retired General OF the army.
al lffed. Grant, the eldast son, has not
sol a dollar. All he Ind went up with the
Grant ( Ward bubble. Buck Grant
GIJiysses 81, Jr. \, the son. in'law Of ex'sen.
ator Cha nee, Is not likely 70 wan, although
fhe Later was heavily hit by w ARDS OPP
erations. Young Jesse Jesse Grant y pis,c'
she Gsaefaiis iayorite child-is well of q