New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-15

sonal statement in gard TO bis relations with Grant
Ward and said that had made releases any aud oil
Of his claims creditor Mr.. Bangs claimed the right
to oss-examine Mr. Davies, and he accordingly
sworn Before he questioned Mr. Ward recalled
and asked few questions about his personal property
| and then allowed TO go home.
thing belonging Grant Ward so far as he could Al,
cover He said many Of the envelopes in the safe de-
valuable securities. held ouly valueIes, paper He had
all diligence TO complete asatement OF the condition
produced list OF the ledger balances and after stating
that he did wish 10 bind himself In any way gave the
following figures, showing tho liabilities OF Grant
Ward:
money borrowed cOlateras and for 40 "a
s.oe yT "a
Balance against the firm on stock transac- ..
Duo general creditors, including Marine 20, GAO .,
National bena ....-..-....-'--..-.-.-.'''' D.'o -
Tota, .. sIi,5OI.53l %
Mr. Dayes-There also unsecured debts OF between
80 Oo,000 and - 100000, and know OF no property
with which to pay them
Mr. Dawes hoped 10 be able to get at the bottom Oh the
certificate business" with the assistance OF nr Ward
He stated he had, himself put in 100000 at
different times through Warner but had taken out about
$500 more than he hadnVested He hal always believed
that the firm had Government contracts until the failure
when Fred Grant had told him differently.
The hearing adjourned TO Friday at p. m' "nep
Mr.. Ward will again be on the stand
The Buffalo, New-York aud Philadelphia Railroad Com
pany through Burr, Zabriskie Burrl obtained an in
junction from Justice Donohue restraining the Phehix
National Bank from selling general mortgage bonds OF tho
road amounting S2j 900 The bonds hal been placed
with Grant & Ward as coateras and by that hrm nan
been rehypOthecated with the bank. which yesterday
offered them for sale As soon as Tue rarodu cOinpI
learned of this the Injunction was obtained - We nan
fifteen minutes In which to save Them, SAID ir Buirli
After the Injunction was secured the bank turned Tue
bonds over TO the company, and the matter was settled
ERIE's EFFORT TO PROTECT ITSELF.
CT Atterbury assistant the president of the Erie
road said last evening regarding the suit of the New
York Lake Erie and Western, and the Chicago ana Az
lsntic Railroad companies against Grant Ward;
The action was brought Connecticut to recover secr
ties and notes which were aspostea wv no. Hs To-
state and especially their value cannot be determined
the sought 10 be recovered ha1 oeen put
IS nor inal one for that r., rsa'oG; curI RIs
GsPs sSS 30 9Se firm 70 he smoun Of
pendng the of Chicago and Atlantic second morgase
bonds to the amoant OF rae SUD @ a hs
bonds but the required to redeem 1000 shares
Of the Cleveland Columbus, Cincinnati and indanapo:
the companies disposed OF by the hrm The suit was
begun in as al saon s eranery owned
by Mr. ward in tue county in winch his strawberry I'M
property ta%Ur4 lies d for 4e %s OF sesusE
OF that property 10 William warner Inc properly
is WORTH suppose about $4,000, with the Improve
ments on IT,
Mr. Atterbury was asked II the failures OF yesterday
had brought about such effect ths Erie road tnat
there was any probability OF the appointment OF re-
ceiver for It. He replied
That The road has the privilege o, default.
ing for three before be thrown INTO the hans
OF receiver And II 1t should be decided TO pass me
June interest no result OF the na GGa hapPcm
against the road for matters stand now the Oaks
will not loan money wishing to keep II on na1 ra 10,
| toward passing the June interest