retrieved the firm's securities from the company's bank vault. When the trades went bad, multiple loans came due, all backed up by the same collateral. Historians agree that The elder Grant was likely unaware of Ward's intentions, but it is unclear how much Buck Grant knew. In May 1884, enough investments went bad to convince Ward that the firm would soon be bankrupt. Ward, who assumed Grant was "a child in business matters," told him of the impending failure, but assured Grant that this was a temporary shortfall. Grant approached businessman William Henry Vanderbilt, who gave him a personal loan of $150,000. Grant invested the money in the firm, but it was not enough to save it from failure. The fall of Grant & Ward set off the Panic of 1884. Vanderbilt offered to forgive Grant's debt entirely, an offer Grant refused. Essentially penniless, but compelled by a sense of personal honor he repaid what he could with his Civil War mementos and the sale or transfer of all other assets. Vanderbilt took title to Grant's home, although he allowed the Grants to continue to reside there, and pledged to donate the souvenirs to the federal government and insisted the debt had been paid in full. Grant was distraught over Ward's deception and asked privately how he could ever "trust any human being again." In March 1885, as his health was failing, he testified against both Ward and Fish. Ward was convicted of fraud in October 1885, months after Grant's death, and served six and a half years in prison. After the collapse of Grant & Ward, there was an outpouring of sympathy for Grant. Memoirs, military pension, and death Throughout his career, Grant repeatedly told highly detailed stories of his military experiences, often making slight mistakes in terms of dates and locations. As a poor hardscrabble farmer in St. Louis just before the war, he kept his neighbors spellbound until midnight "listening intently to his vivid narrations of Army experiences." In calm moments during the Civil War, he often spoke of his recent experiences, typically "in terse and often eloquent language." Grant's interpretations changed—in his letters written during the Mexican War period, there is no criticism of the war. By contrast his Memoirs are highly critical of the political aspects, condemning the war as unwarranted aggression by the United States. Grant told and retold his war stories so many