New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-18
FERDINAND WARDS STATEMENT.


MR.. Spencer.
In the examination of Ferdinand Ward, the
manayn partner Of the late firm OF Grant Ward,
which Is being conducted before referee, The name of
Thomas C. Plat brought out Friday in connection
with the operations Of the hrn There was great zeal
OF anxious curiosity in Wall street yesterday to learn
whether Mr. Platt was a participant i'll the contract
schemes Of Grant Ward and the express company OF
which Mr. Platt Is president involved in any way.
The dou5t was sell by decline in me price OF
United states Express CompIny stock from SO on Friday
to 10 me following letter from Mr. Patt read at
the Stock Exchange IN the afternoon:
UNITED STATES EXPRESS Co.
OFFICE or THE president, - Broadway $500
NLw-YoRK, May l., ss4.
WILLIAM LUMMs, Esq, vicePIesdent, Ne"-York stock
DEAR 5R-As inquiries are being ma lie at this Office
IN ro,Irl IN cert,in teafiDonv prn Ell in the morning
papers and 10 seJ at rest absolutely all rdnors, now
,rr,ctlv havo var nh any transactions OF any kind
or descri tIon with tae aun Of Grant " Ward. The
United states Express Co. in tho regular course OF
bn~nass mi On deposit in the lane ltionil Bank the
snp OF $40 900 W eu the bank closed and assured
WIZ Very respectfully, r. c. PLAT.
Mr. Ward also stated before tue that b. W.
speucer treasurer OF The Erie Railroad got $4,000 from
some coal company through his connection with Emo
10 help the Marine Bank Then followed this testimony
o-Werr the Erie bonds rehypothocIted by you so
handled VITA the knowledge OF opcngert A res ST.
plit some o. tiei Nlt uto "a s. 81 a. 400 vrtb
Commerce anu got loan OF 100000 ON Fl5ooOo WORTH
O@low much did you loan the Eric these bonds :
Odd Iencrr know that you u,ed the notes and
bonds septrately to I'd s. money! Ale must nave
known for he director OF the Marine Bank ana could
ST. himself
To a rEB M reporter Mr.. SDoncor sud y9sterdV:
Tie statement wholly and in ali it's parts false and
untmn In the irst piIc., ID not Ia w Mr. Emo ana
never mot am al any cUnyerSasOn VITA III H. As "
tae rehy police Ou never Knew u D0ld or noe OF
The Enc 70 I'll ii cei VITA Grams Vart Denl paced IN
ne rine Bank. There was one reported 10 the
Board ui Jir .c,brs or should nave known H. Nard
must oe d spcrdJc 20 make sucI Statements
Mr. Sp,ncor rep.iteI tle deltli several limos posi-
lively and EN- aticay He has been connected with
the Ere road IN various for yve years.
An order Is issued yesterday by Jusce.Donohue. per-
uIttinc Julien T. Davies, ~ receiver Ot Grant war; 10
co MIRO se irec claims the firm neid BY H. Won
81. Al Two 0i loaned ~ Brown brothers
il one by Won HJfntn X 90 o. Gttn. y Ward u Ne"-
YORK CITY revenue DDnis ~ tIr par value 81 100000
eic case The loan, 10 run Tor iXty days With the
agreement tHt should thu bonds deprecdte III YDhe the
lend, rs were 90 JIe rl-ht 20 call Oh Grant
Ma or margins. Receiver ID iyeS IN his petition SAID
that ,he J1u1 AL fien yuo tut IL deadlt "a Ills
d ty.ncnt o The margins, Won Hon Ian Co., ana Brown
brothers 1oI1s, D teY mai a2lerd 10 Sc
cont them pr u and release thsr callnl
Other loans similar character hdd been obtained o!
Grant X Ytrl tl3 oliver 81 lt5I add nc accordingly
,ke general duIDrty TO settle such cases ny thc sur
boa Is al their par ytde Permission was
granted