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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 31, 1920, Lethbridge, Alberta TUESDAY. AUGUST 31, 1920 THE LETHBR1DGE DAILY HERALD PAGE ELEVEN; (hid Same Scheme As I'onzi To Mako Big Money For "Investors" NEW YORK. Aug. Canad- liu to Charles Houzi ot Boston, the latest "get rkh quick" wizard, the Wall SlreetJournil recalls the career ot another "wizard" _ 3f earlier diiye.. Ferdinand Ward, who supplied slarlled Wall Street In the early eight- sjiant partner. became tho partner 'in business of General Grant, formerly resident of the Unilcd States, and later was the defendant in a sensational trial for fraud. -His failure ruined the Granl iainily. The Journal gives this sketch of Ward: There rame to New Yorit in 1S7< a jrale, slim young man who intro-lj, duecd .hiniEelt as1 Ferdinand Ward, f lie secured a place at the New York 1'roduce Exchange at a year, Ho teemed to he a bright young man. three years ho had married the datishte'r of the :cashier of the Marino National liaiik anil was oil terms of intimate friendship with the president of the hank. J. D. Fish. His ability lo make and hold friends was -remarkable. Ward made excellent business con1 necllons and In a short time was look- ed upon as one oC the shrewdest young men in Meets Grant's Son Two years after his arrival in Now York hn rnc-t Ulysses Grant, second son of General U. S. Grant, who had established himself with it law firm In New York. Young Grant had .charge "of considerable property, In eluding his father's and some trust estates, etc. Ward, soon after he met Grant, asked him to join him in speculation in somo flour certificates Grant supplied' the_ money and the speculation turned out to6bo a profit able- cue. Grant was next able to buy some scats on the Produce Ei change. ThlD speculation was also gratifying In the result.. -Ward was rising.'lie was the magician whi turned everything into gold. He now proposed to organize a private ban in whlch'he was to be financial agenl with J. D. Fish anil General Grant a silent partners. Grant consented t this plan. A meeting between Genera Grant and Word took place in USD, at which lime Ward was regarded as of the most brilliant men In Wall Street- Every Ventura he had connected with had a suc- cess. The firm of Grant and Ward began business at the corner ot Wall street and Broadway. From beginning It ranked high as a financial institu- tion. It began tusinass with a capital of JMOO.OOO, of which General Grant Grant was merely He k'r.ew nothing of business; everything was left tc Ward, the financial wizard who swept Wall street off its feet by tho enor- mous dlvidents .paid to Ho v.as soon tbe most talked of man in New York. Ward never pteyed to Ihe gallery. It bigj men ho was interested In, and the tig man tract" be had deposited the money to his personal account. The mooay General Grant borrowed from Vander- hilt was deposited to his personal ac- count lAccordius to Ward's confession his method was lo "borrow large sums of ey tor Investment. He hen set aside part pf this fund for .Ivldends, and by paying these large iirldends regularly, the investor was nduced to leave the money in Ward's lands. Those large dividends attract ed other funds and tbe victims .treameu into Ward's office, anxious o do the same thing. Fish was enced lo seven imprisonment and Ward lo len years. General Grant was hurried to Ills grave by the financial distress that the failure of Grant and Waid brought on him, although the immediate cause of death was epithleliai cancer. When the success or failure of any day de- pends upon whether 'the' properly or not YovNeed COMES FROM FLORIDA TO PROVE INNOCENCE BROOKLYN EXPECTS LONG FIGHT IN TRAM'STRIKE "got." eager to ge i to use their money in his "con which it was quietly whis red around viere seen red through e influence of General Groat. onld let a few. friends In.1 Enormous Growth In three years the firm of Grant fc 'ard had grown from z capital of to an estimated wealth of Occasionally a statement as sent to General Grant, but it is said that he seldom examined them, is faith in Ward-was complete. It ppearcd that everything. Ward hfl- amo interested in succeeded- Then Came the Craih The first cloud appeared In May, SS4. One Sunday afternoon Ward .ailed on General Grant He explain- d to the General and young' Grant hat the day tefore Mr. Tappan, tho Ity had drawn on the larine Bank which the bank held on eposlt for the city. Mr. Warid further tated that.lt would ie ieceBs'ary.to mt-.somo money, in the.-Marine Bank jefore-.the Clearing House opened on he following morning, he "We have there ind it would embarrass us very much t the'bank should close its doors." Alter much discussion General Grant was induced to borrow JloO.OOO rom W. K..Vanderhilt. Mr. Vander- bilt told General Grant very pointedly that ho' would only advance tho money as a personal loan, evidently having very little faith -in: Ward. Ward got the money and the. rieit night-he sent .a message to-young Grant that the city chamherlain had drawn another big cheque on. the Marine- Bank and that it would be necessary to raise "I'll get and -you do the the message read. v Young Grant took a list of negoti- able securities to Jay Gould and ask- ed for a'loan, bill.Gould evidently had liia suspicion? Ward, top, for he very curtly refused to' advance any money on the securities offered, -Ward In'company Tvith'en attorney-, Grant decided, to go to Ward's house' in Brooklyn late Monday night lo inform ilm that he had..'fslled to raise-, French Law5 Cannot Touch Woman As Crime Too Old NEW YORK, Aug. pf long drawn out fight between the. brooklyu Rapid Transit Co., and its triking employees were apparent to- day. With virtually no Increase in ser- Ice by the elevated roada and trolleys since the unexpected strike Sunday seriously crippled the system, both the c-ompany and tho strikers declared their determination to figLt lo a finish. Meanwhile Brook- lya's two miliion residents still strug-, gleil vilh improvised means o' cou- veyance. The company made plans to mater' ,iiy increase during the day the- num.-. her ot subway and elevated trains, with the aid ot Only slvty-two two-car trains'were operated yeslefduy. Patrick Flyta. a coaJ at Float-, burg. Ml., received for two weeks' work In a mine. He averaged nino hou.-s a day in tho pit. A.. JL J BAYEUX, Calvados, confessed slay.er of her husbanti, whom she admitted having killed fif- teen years ago, Madame Hiichez walk- ed away from lha local court house a free woman, the police commissioner powerless under the law to arrest and arraign her. Madame Huchez and her hus-hand In 18C5 Jointly kept the Inn ot the Golden Lion, on the outskirts of this town. Their marital life was 'un- happy, violent quarrels often break- ing, the monotony of long periods of Eulkiness and. mutual silence. Then one day Monsieur Huchez disappear- ed. Madame explained that ho had abandoned her and eloped to America vclth another woman. She sold the Inn six months later and left the town. A horse lashed out with heels in the stable of Lion" a tew days ago. The kicking animal uncovered telovr the trokea planks of his' stall a rusty old trunk. It contained the skeleton of a man., The police, remembering the disap- pearance .of the former landlord, set out to find Madame Huchez, whom they promptly located In Grenoble. At 'their invitation she returned to Two views of Dewitt C..EIwood, who came from Miami, Fla., to Toronto to clear himself of a charge of complicity in the Iloseuthal jewel robbery last June. Kosenlhal failed to identify Elwood, and the latter was honorably exonerated. The digestion of food entails the production of poisons that must be eliminated regularly and thoroughly. cl b w-M. Wortb money. Long afierV midnight Wartt came he-had been. out. to eee .some He failed to raise the required seem- ed to he undisturbed by. his failure. Ele promised to meet Grant early next morning, but during Die night .he dis- appeared. He'.left a hole to'his wife saying the Marine, fisnk wp'nld fall the next day. It did fail. Grant Ward failed, the .whole Grant; fam- ily was, ruined. Horses, carriages, reai estate and even the General's collection of sou- venirs, war trophies, swords, etc., were sold to pay' the loan from Mr. Vanderhilt. Mr. Vanderhilt returned these later'to event- ually they were deposited in the Na- tional Museum. Every effort w'as made to Involve General Grant in. the criminal efforts of Ward and Fish and every effort failed. At the trial Ward confessed that he had "been Insolvent for two years. He confessed that there had been no con- tracts. When he "invested In a con- Cool and collected, she, accused two former stahle hands ot having mur- dered her husband. Both had since died-. and wishing to press lief'puc-ec-ss, shs linked the name of one Montrory a a an accessory after the.fact. He is still living and immediately summoned. Jte admit- ted --fligging a the floor of .the stable and having placed there- ia, at Madame Huchez' request, a large trunk which'.the.landlady told him contained silverware, and linen that she wished not to Include in the impending sale of, the Inn. Madame down and confessed. Tho police took her.'at once before the local judge. He imme- diately discharged her from custody. to Article 637 of tho French Code tho crime Is outlawed, as. no legal action or Investigation had. been taken within 10 years of the day the murder was committed. departing for( Grenoble, where she will her occupation as a boarding house keeper, Madame Huchez purchased a long, heavy blfick veil. For the first time in 15 years she was officially a widow. PA..RIS I.ONDON VIYAUDOU COLOR PHOTOGRAPHER VISITS CANADA c- Chiclet Quality -Two Flavors A MOHTREAl MEW VORK, Use Mavis tele after yonr momfng 3t will relieve that burning scnsuion by the stroke of the razor, Slevis talc is soothing1. It is widely popular. Delightful to use, most men con- sider It a refreshing essential. Boy a can today and bo convinced of its unusual qualities. At all good druggists and toilet counters. Ir resisti I Miss M. Olive Edls, from England, one ot tho few persons in the world who has made a complete succe'sa of the wonderful new process of color photography ty- ordinary camera and who has made, color photograph por- traits ot all the members of the royal family, ia a visitor in Calgary for'a few days. Miss Edls has just com- pleted an. extensive tour of the Rocky Mountains and the Pacific coast, doing her, first landscape color photography. Miss-Kdis has been engaged In color, photography for about nine years, lakiiig It up two years aftertbo invention first came out. Since then she has established nn international reputation hy her portrait work, hav- ing done not only tho members of the royal family, tout- Lloyd George, Marshall Focti, President Bealty of the 0. P. n., and others. She carries with her a striking portrait of the Prince of Walos she took Just before his departure for the Australian visit. She took up tho art as a hobby at tlrat, but now has a commercial studio nt Shcrrlnghani, England. Miss Kdfn Is'moat enthusiastic over tho work she has tlono in Canada. She gays that the art has not been taken up extensively aa yet, owing to tho great cost of the plates. ___ Thousands of folks know tHat tHey've only to ask for Chiclets to get the super- lative in chewing gum confections. Stick to Chiclets for quality.11 J v But take your choice .of flavors. The well-loved, old-time Peppermint Chiclets. Or the luscious new Fruit Chiclets, cram-'. med with all the charms jof a garden as .wide as the world.' LONGSHOREMEN CO BACK TO WORK QUEBEC, Aug. longshore- men who struck on Saturday last as a protest against tho Imprisonment of Lord Mayor MacSweeney of Cork went hack to work this morning as usual, BUILDING ERA BEFORE CANADA I.ONDON, Ont, Aug. entering upon an era of tremendous development In the building Industry, In the opinion of several distinguish- ed "generals of huildlrig" who address- ed the Ontario Association of Archi- tects in convention hero yesterday. Not only that, but the Dominion pos- sesses architects qualified to plan and contractors well able to cnrry mil this program of, construction without as- f.fpJS rJ'S The choice is five' tents. 'Just see that the name "Adams Chiclets" is on the 1 i 1 -an Adams product, particularly prepared in tfe? Packet -r ,f Peppermint Chiclets in tKcYsUswaR-i GsU Packet ;