Grant's Final Victory by Charles Bracelen Flood

Author:Charles Bracelen Flood
Language: eng
Format: epub
ISBN: 9780306820564
Publisher: Da Capo Press

William H. Vanderbilt: When the Grants moved to Manhattan, they were befriended by William Henry Vanderbilt, son of the great entrepreneur Cornelius Vanderbilt, from whom he had inherited nearly $100 million dollars—a sum he was greatly increasing through his own business ventures. Grant was at no time wealthy by the standards of New York’s millionaires, but they saw in him the same sort of vision and determination that had brought them success in other fields. Vanderbilt said of Grant, “He is one of us.” Grant was duped into asking Vanderbilt for a short-term loan of $150,000 to save the firm of Grant & Ward—a sum that he thought would be repaid within two days by Ferdinand Ward, known as “The Young Napoleon of Wall Street.” When Ward turned out to be guilty of criminal misappropriation of funds, Vanderbilt went out of his way to stop the Grants from trying to repay him. At the time he died, three months after Grant did, Vanderbilt was the richest man in the world, with a fortune of 193 million dollars. Library of Congress

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