The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1893-05-02

= 9Ss7 ~ MIN
MRS. NELLIE GRANT SARTORIS
The full story of Grant & Ward ha
never been written. 1t probably never vii
be, Tor the lips of several men VINO alon,
could tell some of it's chapters are sealed
=. >. Grant, Jr., met Ferdinand Ware
tneh a clark III produce exchange office
through w liam Ward to whom he was III
trouuced ut dinner given at the house
OF the senior member of the law firm OF
Davies Il Work, with whom young Grant
was studying. William Ward, who had
becn soldier first asked Grants co-opcra-
ton in an anecdotal history of the civil
war, and the two soon became such fast
| friends rs to take rooms together at the
Bella flats. Later, when young Grant was
| asked TO invest in the Evening Star mine.
| he suggested that William Ward be sent to
inycsligatc the property. This WAS done.
! " ards report was fayorabic and the
! Grants took som" of the stock. Ferdinand
Wards. relationship to William Ward. his
! reputation for being an exceptionally up
| right and brilliant young business man, and
the fact that he had married the daughter
OF Cashier Green, of the Marine bank, Of
which James ID. Fish WAS president all
combined to give young Grant confidence
IN bis now acquaintance. When. therefore,
he made Young Grant a business proposition,
it was listened to with respect
=, ward said chat Nsh. The president OF
country sl9pIccD"rs. VINO, although they
had no credit. were yct men who paid
!l:eIr bills. lie proposed to Grant that
the!y should buy -four in 1000 barrel lots,
,,,hn ,,oull. Give their notes at thlrtE ".
ninatv DAYS. These notes couio De p',
into the bank and drawn against ~ pa" H',,ab
thp -four. The scheme WAS small q, cilou W..
the profit per barrel ranging i 40, c7stomers
tn 81 bnt rs Ward declared the cuStoineln
We're perfectly safe to pay theiT ho; :,'a
Crant ,bouwit the business worth SonS
int" Ward gcd it, and he toI4 ms
T,.rtncr from time to time tE'l eNels - -.
n,as nil right. Once he said they hau 10
"'' ,,'' onn Of tbnir notes. but they won the
snit and Grant believed all the stories "oi'
gthev had been in this business for
@ long fine and had apparently becn max
Inc, money, when Ward propoS~l Il par l!lt,,
sl,in as bankers During General Grant
tr;n broad his son, u. s., Jr, had charge
~ tbr estate. and his management, was
oo GOOD that he paid all of his fathers ex-
nnnscs In the estate were many Snar e,
! Of mining stock. An instance OF b 0t1,
| Grants foresight was his sale or ms ia.n,
| ~ lbarrs in Consolidated Virginia. q SAFE
o. nn.rlv tho highest price reached by me
| stock. Dealing in mining stocks as WI
| Cr,rt v1s and being connected with ere
| ;rand Wards -four business. he naIurally
smoke 70 the latter Of the mines. NO one
ever doubted Wards ShreWoneSS' anu nr
| or,an advised Mr.. Grant IN manner
v.l,;rb ruablcd him to make money.
Wards proposition was that he ana
! .Prrl,' Graut-the latter as repreSenlalnS
his fathcy-shoud each put up Hl,Hy'Nt,
into Il firm to be called Grant n H,i'
James d. Fish was to contrinmt' s1u, I,ial
snount as silent partner. The firm was
RI deal in mining stocks or anything else
tSot . banking firm could handle 1hre'
t ti,,,, Grant refused, but finally NJ
consented. At that time on the flour pnsi
ness and other things ward owed t tT,n,
varv close to 100000. As he con1ess,e'
afterwards, he had lost money from TN
Start and neither the -four business no
ANYTHING else had been permanently sue
cmssful The idea of the firm was evident
" scheme to avoid paying his debts ~ :
tho Grant estate. for he required very III
flo octual cash from Mr.. Grant, tellin
, him that his share had already been PAL
in and asking his to cross OFF debts owe
: by Ward in his books. :;
, The firm of Grant 4 Ward ~, began gan lon IN =
Z worry modest fashion. The confuenc
! nIaced in Ferdinand Ward by "Buck
: Grant first and the general afterwards ma
always been one Of the mysteries or IN;
Il most miserable and unhappy business,
:, business which came near to wrecklnS II
n nonfdonce of the American people IN or
t of their greatest men and cuisines
# which almost ruined General Grant son
But when one reflects for a moment II
n not hard TO understand this confidence
m. onera tons between Mr.. Grant -, ar
= Ward began in very small way. The
:. increased gradually, and so far as the form
- was concerned, he had no reason TO s'l
10 ncct ANYTHING When General Grant T
h turnod his son had nothing but good TO s:
"a of his PARTNER When the general Went
%. ta Wall street he found some of the be
70 noonle there men high in the con1lden
N nnf the business community, who spo
10 h;ch,y of the young fnancier. The on
y nnrson who seemed to have been in the lea
IN susnicious was Colonel Frederick -. Graz
~ and when he went to the office to nvcs
- [nto tb;nps he was given the books to 10
~ 49, and taken into the vault where ne 5:
:? Securities worth over S1.OOO,OOO standl
- IN Ferdinand Wards name. .
~ Nor was there anything about Ferdina
~ word's life that would cause Susplclo
~ 10 lived well hut not eXtravagantly.
u" ~, nod no bad habits that any one knew
pS h I,' was generally respected by all tho
AZ story that has never been publish
eu ~ ;ljuetratc the reasons why Mr.. CIR;
.T VA nnrh confidence in Ward Fcrdina
=, Ward had the active management OF
~ ,na;,,ass in bis own hands. One morn
~ "Rmck" Grant was coming down to
I've ne oujcn when one Of the directors OF
~, no Manhattan Railway Company, man v
~ vas q great friend of the Grant fam
,nr | Told him the stock was a good buy, a;
lha was going up. When he reached the OH
nt he ordered the purchase OF l.ouo shal
his Ferdinand Ward came i'll and found
nr- what had been done. You SHOULD not III
out done that, Buck, he SAID. Under