New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-24
SUITS AFFECTING GRAFT & WARD.
WILLIAM ;. WARMERS LARGE PROFITS THE
BOOTHS THEATRE PROPERTY.

WILLIAM :. WARMERS LARGE PROFITS THE
BOOTHS THEATRE PROPERTY.
julien L. Davies as receiver OF the assets Of
the firm o. Grant ward has brought in equity in
the supreme Court against William &. Warner and his
wife, Ferdinand Ward, Ella c. Ward, John II. Morris
George G.. Holt the Sheriff. Of New-York aud Kings
Counties, Walter :. Johnston and julien T. Davies, to
have the transfers conyeyances ny Ferdinand Ward
to william Warner May = declared null and void,
and that Warner and his wife be directed TO
convey the property involved to the plaintiff
as receiver OF Grant ~ Ward; that Warner
he made to account for all money paid
TO him by Ward in fraud OF the rights OF his creditors
prior 10 the suspension OF the firm in connection with
the transactions in which Ward withdrew large sums u
money improperly from the hrm and paid them to War
ner; aud that the plaintiff have Judgment against War
ner for the which shall appear to have paid
him by ward Application is also made for an Injunction
against Warner and all agents Of his to prevent the
fer pending this suit Of any part OF the property in
vovcd.
Some of the allegations regarding Warmers tyansac-
tons with Ward In the bogus contract business are
ceedingly interesting. They state that operations be-
tween the began I'm the ator part OF 15S2
tluued until the Suspension Of Grant 81 Ward that the
method used for Warner to advance specified sum
OF money 10 Ward on the agreement that that amount
should be returned in full 1T certain time with certain
other moneys called profits computed at 20 per cent
month; that IN the OF such transactions Warner
had paid ward dDOut TOOOOOJO, WAlle ward nal pild
Warner about 81 800 900; that the aggregate amount
Of checks OF Warner deposited In the Marine Bank by
Ward according 10 the banks books. Is shown have
hem ~ 5g9J24 25; in the First National Bank
S42l gO2 80 and the Marine Bank 70 the credit Of
of Grant Il Ward 81 OO9GOs 10 and that TIE aggregate
amount Of checks drawn by Ward IN favor OF Warner
the Marine Bank was S7,ls2,576 81 and the Fret
National Bank 1921 O62 so. and the checks OF Grant Il
Ward St524G All these transactions took place
between July -. 15s2. and May >, Iss4. On
Nav ) Warner held similar contracts with Ward
showing a further apparent indebtedness OF $500
900 Another allegation Is mat short time after these
transactions began Warner received from ward I'm the
form profits at Of 20 per cent month, all Of
his advances that the whole capital Of Warner aferwasd
was supplied from what Ward owed him profits or had
paid him az such, and that further transactions lie
yeloped large apparent Indebtedness 10 Warner the
amounts paid Ward constantly larger and the III
debtcdness to him constantly increased until the failure
Of the firm.
The complaint charge that from the facts known 10
warner he had reasonable 10 believe aud is charge
able with notice that the contracts which his opera
Grant * ward was mt the time ins0yent; that he
had cause 70 know that Ward either had been or
WAS entity OF crime or fraud I'm connection with the busi
ness which would be disclosed should lie Nanet) IN
upon payment OF h. alleged claims, ana thai inc
moneys were pa.u Wan uaiior, aud received by
Warner ia fraud Of the rights OF creditors Oi Grant
Ward further allegation Is that PRIOR 10 the talaac-
lions with Ward Warner owned property 0i small value
compared with that possessed By hln nov" anu 1haI AL