When General Ulysses S. Grant died in 1885, it was not a surprise. He had been ill for more than a year, and everyone knew it.
Double Barrels of Woe
In 1880, after an embarrassing semi-attempt at a third presidential term for President, an iconic Hero-General Ulysses S. Grant became a titular partner in a New York investment firm. Readily admitting his lack of knowledge about finances, he was assured that Ferdinand Ward, his whiz-kid partner, could handle that end. General Grant would be the famous “face” of the company. For a few years, all went well. Grant and his family became wealthy.
Then the bottom fell out of the tub. Ward was a scoundrel who had concocted a “borrow-from-Peter-to-Pay-Paul” scheme. The business collapsed…
View original post 906 more words