Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1886-07-22
ooIoxnn rnInD. GRANT.


How He ~ NObiy Trying 90 Fay
Every Cont or his Debts.
In the personal column Of the last issue
of Harpsr's Weekly is this A side view
of Colonel Fred Grants face reminds
one strongly of the general, but trout
view loses much Of the resemblance. The
colonel wears beard and moustache, has
| a sun-burnt complexion, and is As fond OF
smoking as his father was. He is still
very sensitive about Grant Il Ward mat
| tiers, although meyer member Of that
| firm. A few days ago while referring to
an article in a daily newspaper that re-
| fieeted severely upon Grant & Wards
| handling of some Mexican bonds, he
said: at is little hard that l should
be subjected 10 so many unkind insinua-
tons, when l lost every dollar had
in the failure of Grant a Ward.
When the crash came, | found myself in
debt TO the amount of over $500, 900.
have bought scarcely suit of clothes
since, and have succeeded in paying
$4,000 of my obligations. Whenever |
have been able TO save anything, | have
set il apart to meet my debts. This morn
ing received $500 from publisher for
writing an article ON the war. ] at once
deposited the money for the benefit of my
creditors. / am now connected with a
company that furnishes the woodwork
for new buildings. l own no stock IN il,
but am simply an employe. When
graduated at West Point father gave me
81 900, and mother gave me another
81 900 TO have good time with. | hap
pened to meet Mr.. John Hoey, of Adams
Express Company, and he said that the
stock Of the company was bound to rise
very soon. l gave him my $4,000, and
J oontented myself with entertaining some
of my classmates at fathers house at d
cost of only $40 or $50. The stock went
up" continued Colonel Grant, land b,
reinyesting my dividends, and adding u
them what could save from my salary
! as lieutenant, had $4,000 in abuu
four years. A son of Jay Cooke, aitel
5 his fathers failure opened banking
Q | house in Washington, and | investe,
/ 81 900 with him. In few months lii
I partner, Sherman, q relative of Senate
1 John Sherman, started in business ON hi
= own account, and invested $50, 900 witt
y him, part of it borrowed from friends.
+ lost every cent. Some lucky speculation
e in mining stock at Chicago soon enabled
a me 10 recoup, and these were followe'
Il by Investments in real estate similarl
y fortunate. One day in New York me
d Ferdinand Ward. by his advice Dough
n some Western Union stock, and cle,ue,
q 5000. Then took desk in the oilic
4 of Grant Il Ward. had $57 900, un
II every dollar of II was invested with til
I firm. Not a penny was left after tn
failure. l thought Ward had govern
% ment contracts, and at one time my sus
d picions were aroused as to his methods Q
k obtaining them. / made investigation
le but could detect nothing crooked. Tn
Of fact was that he never had any govern
x ment contracts at all, and | was on th
lg wrong scent. In addition to my obligt
N tons of $500, 900, owed $4,000, whic
lie friends Of mine had invested with ID
IN firm, and had lost outright. One {
ce these friends was relative in Chicago
who had sent me $4,000. | have alrgHd
OF refunded to her one-half of that sum.
be have borne good many attacks from Il
he newspapers, but l do not know that
I'd ever gave cause of offence to anybody.
I'd shall not be satisfied until every doll
of lost through my advice shall be restor,
a to its rightful owner. believe Il,
in Ferdinand Ward is now worth Mt lea
$3,0OO,000."