DescriptionUlysses S. Grant Autograph Letter Signed "U. S. Grant." One page, 7.5" x 9" (sight), on Grant & Ward letterhead, New York, May 12, 1882. Shortly after returning to America from his world tour, former President Grant needed money and, at the urging of his son, Buck, he invested his remaining money into the Buck's firm Grant & Ward which he had started with Ferdinand Ward.
In this letter, Grant is writing to capitalist Cornelius K. Garrison, regarding payment: "Enclosed please find note of Grant & Ward for Fifty-Thousand dollars. Please send check for the amount by bearer and obliged. The note is made payable on demand and can be met any day, but will not be paid, except on call, for six months as stated in my note of yesterday." Smoothed folds are weakened and separating at places, especially the intersection of the folds; light staining at center and one small spot of foxing, but neither affect the text.
The firm went under in 1884 after Ferdinand Ward swindled the Grants and the company's investors and fled. The company was left bankrupt and Grant was left penniless. Due to his financial state and now suffering from throat cancer, Grant wrote his memoirs, finishing them shortly before his death in 1885, and leaving his widow Julia approximately $450,000 in royalties.
Matted and framed with an engraved portrait of Grant above a facsimile signature to an overall size of 20" x 16".
Fees, Shipping, and Handling Description: Framed - without Glass, Medium (view shipping information)
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