The sun. [volume] (New York [N.Y.]) 1833-1916, 1884-05-11

INV OuICH8O anu bt. LOUIE N6pITObu OOm-
DAny. By it, action in tho courts announces
itself ready to pay tho difference between
the s7oO.0OO that Grant 4 Ward advanced
It upon ~ 81. 100000 Of second mortgage
bonds and the amount for which that
Arm rshypothscated those bonds. . differ
eacs Of about 1900 900. for which amount
the firm will DO held responsible The claim OF
The Buffalo. New York and Philadelphia Rail-
road Company for tho difference between the
$500 900 advanced upon $500. 900 OF It's bonds
and the amount for which those bonds have
esen reh ypothecated has not yet been formu-
lated. II II understood that the company
u trying to regain possession Of It's bonds
without publicity. AMI will attempt at It's
leisure tho collection Of the amount expended
Above the loan. The St. Louis and San Fran
disco Railroad Company cannot, Its officers
Day. incur loss OF more than 81. 200 by the re-
hypothecstion Of 2.40O shares Of It's FIRST pre-
fsrrsd stock.
OF the corporate victims the New York. Lake
Erie and Western Railroad Company will suffer
the most seriously. According to the state
ment OF It's officers It desires to recover q. $780,
900 Of Chicago and Atlantic second mortgage
ss:s s:'n n:f g. IS %$s s''f;:s
isSissssoI! .; ;ssss' sIs .sSs. s% 4
1911
~ 8: s:s a;' @
e. ssssss%ys ri
En q shs s
notes he n Tsesss
8: eoiis ,I Wiz them. ana IA fact hss
ssssrni Them f Sss bean r.nssr.a
statement q the position Of affairs Is an eiiicia
&: ,si S q III Ss ssy
arc held upon the Same transaction is not
Hpsin tSa! BY the company. Il is estimated
s4is system q tlnansisrns will cos. af Tie Er t
Company in the neighborhood Of 1880. 900.
bic paper which. an officer Of the company says.
vas taken en- from the office Of the firm
,ssui s q the ' Marine b.n ne" but IN ' me-
81 ras ssoa tine e 9Ss Rnpi
ownership made by the Erie Company. but nm
der tho circumstances does NOT understand in
PAPER, The report that tSe eSmpany H had emo emo
os,SSd the the notes Of Grant Ward n order to
Intimate religions between the company and
that sers %
Scheme IL As &saS f. sss9.
:,.s aPep The syersss srs sssiisy @hss
,Gsss was an investor In the Sind hS G DooI The
sm9unt Of his venture was not nrse and was
Joint account risk One trip. safely
and tho railing rates u interest were sooi
eE d1 ion when Jesse Il: Grant urged him to put
take only 2 per cent. and would allow Mr..
the A,sr ths Sap aSss Mr
ease declined to renew m ordinary stock COL
@aEa be hna mad and f. s % on
FED makias loans 70 Ne nm a: and M about bout
The i@portsrs and 'II Taders' BANG nI''1 AND
the Mercantile Trust Company. BY =
their surplus funds Mr.. sage friend con- m
1n reduced ssae SO t that H. event OF bis get
only few thonsand dollars. which is all profit.
"A. A matter that appears to interest the cred;
ettspton 10 tie large transfers Of res estate 70
ss firm ss aaS w's . W:
I nsr w fsr E n, ass
= e. .:ssos
sSS afs aops wsr ssssS &
snf hsi ss all
s sse 4 Of Wsrner's claim i: About The tino
Fl. s: Ssa rs
sss n M1ssns STAR ' nlsn.s e sP aa
which we're enGinserod b. Ward and thc
Grants. Warner also appeared to develop
fo have poured In upon him: From hay:
81 his own in he Tnitsd Bank building. The he
%iS hs On II w ees IN
hts brother: in-law. and Is also . member
q tho law firm OF Davies Work 4 MeNemse.
&s and q " ai tsat r@
II the sui, OF James D. FISH !. assignee. Mr..
CURED MONEY al ssras sSe
ass tSo Wa and + nresrIsd sr0dCr
The ~, Of soms Of his
or the scheme /. nearly si.0oOO0p. w D
70 u'lNc Dccn S.UUtU. ADOut NIL the money no
had in ths word. Since Grant h Ward collapsed
be has obtained all OF Wards real estate, 1885,
OO0 and wants moro as preferred creditor.
. His principal occupation OF late seems to
have been astonishing In the interests OF the
blind pool" said gentleman conversant with
the affairs Of tho concern. and from all APP
pearnnces no has been u successful worker"
In figuring UP whore tho money received by
the blind pool has gone. 1t 10 stated on good
authority that since his connection with tho
firm rs general partner James ID. Fish has
drawn ont from II In oash about So 900 600 and
hA.. sincsJ nne 80, 1882 inyestsd over 81 900 900
Casino; Ward has acquired real estate excu.
ave OF tho Casino. ~ shown By his recent
transfers to tho extent Of about $500 900. and
U. 4. Grant, Jr. as shown by his transfers,
fpal estate to tho amount OF $500 OOO-a total
OF Mt least &2,000.0U0 acquired by thrpe
members Of tho Arm. Mr.. Smith tho stock
Exchange member OF the firm. does not appear
to have prospered proportionatoiy with tho
others, and large part OF Gen. Grants share
OF tho profits stands on the books to- lay TO his
credit. giving him simply the sails!ec lion Of
The. inyestments In real estats or other.
yise by james H. Work and William 4.
Warner are not known. ncr is Il knnwn. or
has not been mnde public who receivsd ths
money the chccks for which made thu firm a
debtor to the Marine Bank on Tuesday
morning to the extent of 500 oO0 Ii would
alteration for tho $500 coo Of Eric securities
b