New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-06-14
GRANT & WARDS SCHEDULES.
ALneE LOT OF WILDCAT SECURITIES.

MNy OF THE ALLEGED ASSETS IN. DISPUTE
LOANS "poUBIFUL" OR PROBABLY BAD"
Receiver Julien #. Davies yesterday filed his
inventory of the assets OF Grant Ward with Referee
Hamilton Cole In connection with the suit Of John IT,
Morris against u. s. Grant jr, and others Below
given of the principal items and the totals under
the various headings IL viii be that many OF the
miscellaneous securities held by the firm Of the
hind commonly characterized wid cat" and that in
schedules H., ILL., and " the loans Of the firm are
nearly all marked either doubtful "probsby bad
paid otherwise uncolectable" The par value of the
bonds and stocks marked miscellaneous" aggregates
sl3s7 557 and of securities mentioned in schedule
VIII. Sl3.S3S 600. The real market value Of all win
probably found be several millions Of dollars
than the schedule figures would indicate Schedule VI
Undressing showing the extremely small amount
cash which the Arm had hand at the time Of the sus
pension and also indication that careful
20 not leave large amount OF cash lying
his creditors TO get at. For man who had handled
daily for years many thousands OF dollars and whose
deposits in bank had ranged between 100000 and
100000 each day for week so before he failed 1t
exceedingly small account to leave to his credit
1t win also be noticed that many of the securities claimed
assets by Mr. Davies are in dispute and claimed
by nearly all the various assgnees and receivers inter
ested In the affairs Of Grant Ward and of the Marine
Bank. and that lively legal controversy must be In
dued before any Of them will feel degree OF
tapfy q TO who is really entitled to them.
Mr.. Davies. the receiver places in schedule "loans
for which security is found in the envelopes that
either contain bills receivable bear of
loans supposed 10 be part Of the assets of Grant
Ward"
The miscellaneous bills receivable past due
turcd supposed to be good amount to s2s023 40 those
doubtful whole in part by of hypohecattOn
OF securities otherwise amount TO $243125. This
latter class includes a year note for
100000 dated April g. 1884, by c. X. Gar
rison secured by S250000 Wheeling and Lake Erie
nrst mortgage bonds three amounting S25 900
by the Kansas City and Southern Railway-secury
100000 OF Its first mortgage bonds; S12 900 note by
Mary H. Clarke for 81 125 by H. ]. Faner, and
for $1,000 by Ambrose Snow. The above were to the
order of Grant & Ward.
Another division OF this schedule includes items proba
bly, bad paid subject to offsets otherwise unco
iectsble" These amount 70 S2922467 %, as follows
note By s Grant ,1 for $1,000 drawn g1 APr a. 1888
g IS s for 5000 ssOsr bscsp9s One SSs for
$1,000 q January ISL by II g. Bs5eele SECURITY eS loo
Nn@g cpng one Rs he oar s5ea%S S
Yorf lake Erie and Western for sIo59O dated April 26
S me 5Y I ne
aSaa sPS s IF fSyS Ag sHS q Nay 6s
eSnSs q 9s e NOT te W s@q shde T sn
Ontario terminal g q $4,000 each; dated NoyemeeTi
notes s@Ou.sins 70 s5l,s0O drawn BY lanes D.
1 n NeWSS West soTe and Bsao s
o asq nG 50 o Sus' Ap
Valley and C. Railroad Company for S35O0
December L. 1881 secured by S44 900 T. V and G. H. r.
honda note by F. Ward for 5000 dated
1882 security note by the ST. Louis and
San Francisco Railway OF March 81 1884, secured by 2iOO
shares Of its first preferred mortgage bonds
This list also includes by W. j. Stewart James r.
Smith, j. r. Cumming NJ. C. Mngs ]. ID. Brewster,
James McNsmee, Robert ID. Green, F. g. Cunning and
Messs Bach and Sheets for amounts varying from $l25
10 $4,000 Nearly all the above were drawn TO the order
of Grant * Ward.
The notes shown by the books have been paid
claimed have been paid are put down by the receiver
at $459.S22 %.
Schedule ncudes loans for which security is found
in the envelopes that either contain bills receivable
memoranda OF loans payable TO Ferdinand Ward
presumably securing loans made with funds OF Grant
& Ward. These are marked:
A-OOd $1,000
c-Pfobabiy bad or paid subject to offsets other
wise uncOecfable. 4S,Of0
In schedule III. loans for which securities
found among the assets of Grant Ward designated as
A. Probably good y ! -
C-Trobaby bad paid subject to Offsets or other ~
wise uncollec able lou"
Schedule W. comprises loans for which securities
found the assets of Grant Ward made I'D name
wand Those probably good amount to S13,94l 50,
and -. 275 il marked doubtful
In Schedule v are listed the miscellaneous securities OF
The firm other than loans and bills recevabfe The
Aggregate par value OF the bonds and stocks Is $685.
TN, inc orc a Urin