Lot 406: ALS signed "W. T. Sherman," four pages on two adjoining sheets, 5 x 8, personal letterhead, May 11, 1884. In part: "The papers are free of the Grand Ward affair, and I cannot but sympathize with General Grant, who when I was last in New York actually thought his son 'Buck'—U. S. G. Jr. was a financial prodigy, and was not only amassing fortune but reputation. With my previous experiences with 'Money' I was incredulous but said nothing, and now the curtain's being raised we see the whole thing revealed. My course in life has been the very reverse of Grant's." In fine condition, with intersecting folds and trivial soiling. Accompanied by an unsigned carte-de-visite portrait of Sherman. President Grant's son had established a brokerage firm with notorious swindler Ferdinand Ward, who ran the firm as a Ponzi scheme. It collapsed in 1884 and the Grant family lost nearly everything along with other investors such as Thomas Nast.
RR Auction's Fine Autographs and Artifacts Auction 462
Wednesday, 14th October 2015
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