Rensselaer Republican, Volume 17, Number 47, Rensselaer, Jasper County, 30 July 1885 — THE GRANT FUND. [ARTICLE]

THE GRANT FUND.

Arrangements for a Reinvestment. fNew York telegram.] Despite efforts to conceal the fact. It has leaked out that arrangements, were making to reinvest the $250,000 trust fund raised for Gen. Grant, or that portion of it which was invested in the first mortgage bonds of the Wabash Railway. It was said that this reinvestment of the fund would be made Aug. l, A because the trustees ot the Morgan estate desired to lie free from the responsibilities attached to them. When the funds were invested in the Wabash bonds, Gov. Morgan gave a personal guarantee for the payment ot the principal and interest. One of the promoters of the fond said: "It is not trne that all the amount raised for Gen. Grant — $280,ouo —is invested In Wabash first-mortgage bonds. I do not care to say what proportion of this amount was so invested. If the trustees of the Morgan estate desire to turn over the amount of money for which Gov. Morgan made himself responsible and accept these bonds, that fact will be made known in a short time." •' - ■ ■ = Harvard’s next freshman class will be the larglest ever nitric plated.