New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
CAPTAIN SPICER'S BONDS
THE SUIT AGAINST RECEIVER DAVIES.
A sIDE-IssUE IN THE GRANT WARD FRACDs--AN
KRAsURE BY CASHIER SPENCER.

sIDE-IssUE IN THE GRANT 4 WARD FRAUDs-AN
KRAsURE BY CASHIER SPENCER.
The taking Of testimony before Referee Ham
ilton Cole In regard to the twenysx secOndmortgage
bonds OF the Gulf Colorado and Santa re railroad which
Captain Ehu Spicer r asserts that he deposited with
Grant 4 Ward for safe keeping ON April 28, and which
bonds Receiver Julien T. Davies refuses to deliver to
Captain Spicer, was continued yesterday at No ITO
Broadway This suit was brought and conducted under
the and involves the issues as those OF
John H. Morris against u g. Grant r and Others II Is
simply special order to take testimony to discover
whether Captain spcer deposited those bonds as security
to cover proposed Transaction or for safe keeping only
The testimony showed that the balance against Captain
splcer with Grant IL Ward only trifing compared to
the value OF the bonds; and the cashier OF the firm,
George r. Spencer, said that Mr. Ward had told him
the day after the failure deliver the bonds captain
sGsT ITT ney were put IN his hands Tor S keepus
The redirect examination OF Captain spicer was con-
Quoted by William Allen Butler. He testified In regard
TO the $4,000 check TO Ward given on November %,
1884, that lie added $4,000 to 1t TO make II $4,000 to
go into contract with Ward
Mr.. Butler-Dld you get any money out OF it,
Captain Spicer-No. I find no record OF 1t, and am
not aware that it went to my credit In any way.
Q-When did your transactions with Ward begini A.
About two years aud half ago James D. Fish intro
Mr. HOrnbower- this check showing i'll the $4,000
one You speak or A.-Itis. .-,...
QIlave you Included 1t IN the statement OIL account
with WaTdt Ayes, sir.
MI iofhpower the proauGeu Wa TN wd o ETrst
National Bank, and Ferdinand Ward on the Marine
National 2'u aSeG rSe
the witness closely as to whether ne had receiSe tn9
cash them, and asked him TO explain several and tel
transactions
that he mad handed several of them back to Mr. Ward be
fore he left the Office after they were given TO hl ana
put them in capital 10 20 into new contracts: ne
had Endorsed them to Ward and taken certificates ior
them.
Twentyone checks were shown Captain Spicer-aggre-
eating nearly S2250oOby Mr. Butler, and he said that
he had paid them all
you Ward, 70 Grant Ward, account OF any OF
your contracts with them A-rhey had nothing what
ever to do with any OF my transactions with either.
GLOW much more cash have you put in than taken
out OF this concern ! Al cannot tell .
a IIouu ,ttpafi Uo INIT in A.
$500 600. This does include the $4,000 in bonds
Mr.; Hornbower-Wny did you give checks payable, TO
certificates OF Grant Il Ward. ,..,.. -,.,, u,ou,
or Grant & Ward A.-Grant & Ward.
George spencer cashier in the office Of CRAM Ward
S snie 6 the once and as was shown the &C.
counts of CAPTAIN splcer in tue frms books
and Santa re Railroad were put into mis- hands by Mr.
Ward with the order that they he placed to Captain
spces credit the books and that Ward said that they
passed In as security for the Captains r@nsacuonS
oThcre appears to have been an erasure in the firms
books which you have before you; what was erasedf
A-The entry OF these bonds.
Q.-When was the erasure madei A.-On Wednesday
day after the failure OF Grant u ward. ~
q How did it come to be made Al went 10 Mr..
into his hands for safe keeping only and that they ought
to be put The books and he told me to erase the
Q.~what was the balance against Captain spceC on
the books when the bonds depOstedf a. $50 ~
according books handled stock or securities
which Captain Spicer gave Mr. Ward ward brought
tnese DOndS 10 me nOb SEQ SpCcI ulu ol
their conversation.
Q-Wny have yOu hestated and been so careful IN your
statements about this transaCtiOnt Al don't know
just where stand or what TO think Captain spcer says
he knew anything about all these transactions
which appear our books
Q-When did you hrst hear about these bonds after
they deppsltcdl AOn the might after the failure
when Ward spoke of them.
O-Tei us exactly what he saidl Ale said, "By
the way those bonds should not be charged Captain
Spcers account. lie was passing and came IN and lett
them for safe Keeping"
Q.-Do you know any reason why Captain spcer should
have made a deposit OF so much cOlatelali A-NO, Sir
unless he anticipated coming into more contracts.
William Allen Butler appeared counsel for Captain
spcer; Bangs Sleson for Assignee MOTIFS Ashbel H.
Charles McNamee for Receiver Davies, and W. y. Pur-
ungtOu for L. = Grant jr
An adjournment was taken to p NJ. to-day, when Fer
dinand Ward will testify.