The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-12-19

with him, This insis,onco
ON borrasSing for the friend WIS .ott1
era always ovcrcamc his ra, naa IN fI
Mrs. Grant came into The room me'auc'ale<|
when ] WAS one of par,y '1,a ms one "a
eral 5 friends amoug whom h h.. Ihe n;
ishly distributing his ,ron nc was IN
IauGhngly said: ''Eictoy tha"les tha s>/
come when YOU will have n",ty ,"a taay VII
10 give away If YOU cont;nnm n.hg
Prodigal. Don't you suppose ! 70 ns b
have the pretty things abomt -. ikA
General Grant. replying ~ Ia
told h!s wife that he was se ".
stocked that he believed il so NJ
ever 10 come 10 the end of VI. upo'slh|
even if he lived Il hundred 's ~. u.ophG.
And this incident remind, 'sIa
charming habit of Mrs. Grant me q a
| do not remember eyer H. WI Nhl.'
mention made in print. Af,o.a raSe 80
umphant return from tho rl u. ms
her habit 10 call him .eyicios' ~ u "
was hrr pet name for him, and =
apPr"prlata ono l think il wouj5
hard To imagine. II was charmUS;,"aa
hear the wife of tho world Z SraIg mug
living military hero thus gcn ih,eala
gest hls, triumphs every time q.
dressed him A" sae a
His Generosity.
One of those unfortunato
tions winch were 10 be in ,h, sTs91'
cause OF the downfall Of N" ena
Grant q Ward. into wbicS HGuse G
Grant by his generosity drew ~. neasr
was that Of 4 southern coal us li
Genera 'lohr Il, Gordon, tbo
Confederate leader. came r. NJ .as'.
20 put This property on tbo ie'1
lie knew General Grant. Te tmAe tasIAe
ms generosity and Innocence sr Z.
ness ability and came directly h % I;'
street investigation by any n,o's. ~,
i've purchaser would have ou;stlT
yeaiicd the company to he ear,yi,.
load "i debt. General Grant :,s!
General Gordon a one time fos-
Impoverished by war, The aU.s
of which he General Grantl had ~
cnced more than any other man %:
was II situation which would nnn.u,
once to a man Of General GIant's
perament. He Mt once. withon, ;as
tigation on his own account 10y
that Grant & Ward buy Tho nroass'
lie was seconded in This rcon,s,
L. :. Grant, jr,. who had been brons;
10 share his father s views.
Both Mr.. Fish and I were s,,o..,.
opposed to the purchase. AS tbe,s
positlvcl Y nothing to recommend !, e.
tho general 5 desire, This was sa en-,
that in ihe end We gave IN and ~
inc mine off General Grants hands j|
had been represented to us thas
debts Of the mine were about s50a.
In reality they were 100000. N.
property was not nearly so valaabb
we had been led TO believe il was n.
result was that Grant & Ward b.
Si50,000 on it. When he soId N q
mine General Gordon retained sr.
stock. He persuaded Mr.. Fish Ia n
HIM $4,000 on this stock. This A,
was lost. L. S. Grant, jr., sent frssI
Mr.. II. 5. Otis, To manage The nlD7
Mr., Otis was compelled 10 spend Ilr,,
sums of money-thc total is not at "a
and this, too, went to swell our Id
Easy Prey to schcnles. ,
General Grant was drawn into
sorts Of schemes by supposed friezls
some OF them bearing the mipb,ia<
names in the world of finance tolss
These men were not so powerful thea 4
they are now. bur they wcrc coming u| I
and the firm of Grant & Ward. .hroar|
General Grant. was one OF Their s.e-- 1
ping stones. These men wanted ~
general 5 name on which to floDt ted
enterprises. They procured il fron 4
man without business ability or bsS |
ness experience on thc promise OF ed:
Il Il r,el.
schemes almost invariably TUNED q
disastrously, and the finn was ealH
upon to foot the bills.
Instead of being one 10 induce b.
TO enter extremely risky transactlOr-
Il charge which was freely made agau1
me at the time of my trial. was
ways restraining Influence, altho5' I
not n strong enough one az tlmet u
in many cases I was able to per11
him not to go into ventures whkn
brought into our office, in which
had implicit faith. born Of the ass1
ances of friends, who knew that e'e
with his connection they were eilrtn
doubtful and without it absolutely ne<
less.
General Grant was induced to rout'
himself with concerns which haseF
travcd him. and the firm of Gfan'
Ward had TO bear the brunt o.
strain caused by these betraysls
general was induced 20 take S2VvNH
New York, West Shore d Buffalo 2
road bonds on the assurance lna!
more than 10 per cent would s,, ssa
called. In reality the entire syN
was called, and Grant d war
obliged to find the money ana aS
nish 100000 for dcbentnre oonas
made necessary. instead OF Ps!
of $4,000. which General GIan,
been led to believe was all lso" nc ~
have to pay, a payment oil SIoy,iM MS, Il, Z
Then again prominent wan s
firm put General Grant doWu
S25 900 subscription 10 rai,iy'S u,"
pany where we lost conslderao..
Grant. .Jr., also lost money ior u
tain mining stocks Ill when ',rl Tlas 49,
had jDduced HIM 10 invest; n ir1 ss.;n
investments and others ] sGai' ,sr. ~ 4
in tbe course of my narrative W. :
actual contributing causes 10 .ns In n
of fhc firm of Grant & Ward wy |,
dearly shown before the END y.
rcached The various events gnlss
ceded that famous failure ana sn,- % II
tory of that incident IN Ine ibs % 4
history of New YORK nsei, ai ,ressos Y
involved in II and the reai ive,,sl. ,ve,l. :
it will be dealt with IN rsr @ ~ "A
article from standpoint "'' II.
published. n