The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-12-26
GENEAl GRANT an EASY PREY FOR TE W0VFS OF FNANCEE

.,ovr,ch, 1909. by The New York Hearlc
N ORDER that the reader may bet
,or oppreciate and understand tn,
.ouses that led mp To the failur,
~ Grant < Ward it seems TO me
essential To go back few years
nrior TO the time I met Genera
and mention tho circumstances
G'S"b n., brought about the formation Of tho
Eth Trhouph | hesitate to IN any way seem
hr;ng my personal life into this story
III II seems necessary III order TO carry
sl' N, first intention. which was To
gus Ss,. my relation with the general, and
'sno;dcnfally the causes that brought
sbout those relations.
''II came to New York III 1872, having
-a,ured \ position of clerk in the New
G'~t nroducc exchange, through my
i.".bor who was then connected with
~" United States assay office. Mr. Seth
W. ~ Grant who was then the superin-
,,'nrdent OF the produce exchange. was
'..nnnsrtrd in certain degree with my
,'n,Iv and through him | was success
i'J m obtaining q position that proved
i a NJ importance aud of great help 80
NV future,
=; New YorlSCitv for some years, took
y mon himself 10 watch over my wei
.,,c and for a wear we lived together.
-, in 1873 VIC decided il would he bet.
..r for me to reside ont Of the city, and
:. no had friends in Brooklyn he per-
'o,ded NE TO 90 there, which | did.
.rd some few months later | met Miss
ria m c Green, who in 1873 became my
( wife.
Grcen. was Il cotton merchant and II
Jrcctor in tho Marine National bank
Of this city. of which bank Mr.. James
n Fish. who aftcrward became my part
ler was president.
While [ was still clerk in the pro-
1orc exchange my brother. who was
STaduofe OF the school of mines, was
rJnce5 hy certain gentlemen OF wealth
"a consent to go 10 LcadviIle 10 exam
inc a mine in which they were interested
and while there my brother discovered
nromising prospect in the future of
xbich he had great faith, So he commu-
pirated with certain influential men of
his acquaintance in New York and The
mine was procured at a cost of 5000
aud company organized with cap
hal Of Sl0o.0000, consisting of 10000
shares at 81 4 share This was called
the Evening Star mine and promised 10 |
he ono of the most profitable mines of |
ils size Of the time. It's stock rose to
more ihnn $50 a share and il paid large
dividends,
Start Of the Partnership
Through Mr. Fish and my brother I
vas able to obtain block of this stock |
al the bottom price and the profitable
ssure of this investment brought me
inlo closer financial relations with him
50 mach so that he suggested that ]
gyc M my position on the produce eX-
change and open an office in Wall street.
Rlipre he offered me hls aid and the
benefit Of his experience This ! did.
and though did not take an office
got desk room with Il stock exchange
hrm and began business in Il small WAY.
Shortly after this nv brother asked me
il | would consent 10 lei Mr.. L. s. Grant.
H.. who was i friend OF his. have a
share OF my stock. as he desired him 10
bavc an interest, and this | did at Il
low figure, think S3 or 81 a share.
This was the starting point OF NV re
ation5 with the Grant family. The ac-
live risc OF this stock and the constant
'iyidends brought Mr.. Grant and myself
closer together IN business matters. and
ID 4 short time he suggested 10 me that
We organize Il copartnership in the stock
business, and as the plan was agreeable
10 Nj Fish ! consented and in 1880 the
hm of Grant & Ward was organized.
of James D. Fish. L. :. Grant,