The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-10-15
WARDS STORY.
The Collapse That Was the Sensation
Of a Decade Ago.

r.rd Denies Running the Grants
claims to Be the Only Man in the
MEALS Who is Now Poor-Immediate
cause of the Failure.
From the Pittsburg Dispatch.
After withstanding a continued and
.srere pressure for over eight years, a
Dortion of which time 1 was under as
rreat mental torture as it is possible for
one human mind to sustain without break
ING down and becoming a complete and
ntiable wreck, and in the interest of one
must leave behind to brave the troubles
and trials of a too often severe and hyp-
ercritical world, and whom l do not wish
N begin life under any unnecessary dis
advantages, I have decided to follow the
advice of my few stanch friends and
counselors and give to the world the true
inside history of the founding, life and
financial death of the house of Grant &
Ward.
Being perfectly well aware that shall
he censured for remaining quiet so long,
and probably accused of a ghoulish desire
10 invade the sanctity of the tomb, and
I shall necessarily refer will shield them
selves behind the plea that my experience
during the last eight years has made my
accusations unworthy of belief, have
prepared myself with documentary evil
dence of the truth of each and every as
sertion 1 may make.
WANTS TO CLEAR UP THE PAST.
The oft repeated argument that cit is
all over now and the least said the bet
TERI would be true and would be OBJ
served did not the welfare of one in
whom I have iggeater interest than in
ANYTHING else,s even life, demand a clear
ing possible in connection with the I'M
fortunate past of the old bankink house
An incomplete statement would leave the
sceptical public under the impression
that was unable to prove my assertions,
while the faithful reproduction of the
documents hold will cleave no shadow
Of doubt in the mind of any fair sane per-
son as to the correctness of the whole
statement
At the time of the failure was accused
of not trying to clear myself from the
charges brought against me, but of
merely trying to draw all the prominent
people possible into the tangle with me- |
shall endeavor to show, and with a GER
tainty of success, that at least eight out
or ten OF Ln6 accusations MADE against me
at the time of the failure were false, and
explain why they were impossible
will not write for the purpose Of con
doning my errors and mistakes, for the
world knows that for everything in which
] have sinned l have suffered. ! have
paid the penalty for over-confidence and
the belief in my ability to save sinking
ship, which might have been saved but
for the abandonment of the vessel by the
crew, who had as much interest in the
cargo as the captain, but who had no
masters certificate to lose.
WHERE THE MONEY WENT
At the time of the failure and many
times since l was and have been accused
Of causing the ruin of many who had con-
idenCe in my ability as a tnancier, when,
in truth, 1 am to-day and was the day
of the failure the only poor man in any
way interested in the concern. The brain
of Webster is not necessary to under
stand that not one of those interested
in the house of Grant & Ward be-
came interested with the view of losing
money.
The object was to gain enormous sums,
and the schedule furnished by me shows
where the money went. For the purpose
of explaining how it went l will give
the table, which will show how the s., 900,
900 deficit of the collapsed firm was abb
sOrbed:
T. = Grant as ner sbedcules O1z o21 20