New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-30

| i'm some Others. In tho aggregate uiuht .aho '"o
| than paid.
THE FIRMS PROFITS.
| Mr. Fisb was then questioned about the sums h'
| had drawn from Grant & Ward He did not rcmempei
! how much he had drawn in lss2; Thought IL WAS '',
| than 100000 In 1883 he Thought ne han rccci' ~
some 100000 and in SSi about .s'o'ooo' poSsio'
| over $4,000 certainly not over SlOo'ooo' "on'np
statements the profits Of the firm were FURNISHED
and of these amounts he received one quarter lie u'
dcrstood that tbc pronts came from dealing In Govern
| ment contracts.
o-You believed that Grant Ward with caplta o,
100000, .were earning over mOn T ~" mich
larger for furnished 1t those notes discounted 4,
QYou considered moneys oorrowe ei Ss,ness and
enabled them TO take large contracts . ,.,- ort
Q.-Do you know whether your pa pu"Ired
Q-Is it not fact that neither General Gr"i ot arm
:. Grant. jr. Ferdinand ara drew ron " don't
more than $4,000 or $3o'ooo year ~
know.
WHAT THE MARINE BANK GOT
Ab;g book vas produced which Mr.. Fish sald was
kept most OF the time at the Marine BANK II 'no
some of the business transactions Of Grant ward
Mo- ~ tho entries were made by Mr. Ward some by
himself 1t contained record OF notes MI ufiH 'i
discounted for the firm Some entries showed large
profits on sales Of etc, to the Governments '
Fish had never compared the price sdld 10 nave O
paid by the Government with the market price "o
was ascd IT, in addition TO the profits credited to Grant
q
mcnt made to the Marine Bank. rs It's share OF inc
proGts He replied TIA, the profits were PAID to hlm
and six per cent went the bank as interest The sums
credited to the bank in excess OF per cent "eIc 'cu
by him for certain purposes" In contract No. 49,
there appeared an entry, profit $1,000, Dahk
ZOO " Other similar entries were shown.
Odd not the entry bank 1000 mean that the
bank was to get SOOOl At meant that they were to
get per cent and placed the difference as thought
gid not the Marine Bank get all that $1,000! A.
Not appears 10y the books. 3,
Q-What became OF III Al used II personally at my
@ What did you do with III Al sometimes.toOk mp
old overdue EOtes. DO not remember now. cannot
tell exactly.
Do You mean TO say that you made use OF il TO take
up Old notes which had not been paid ana %Lich tne
bank held a. worthless assetsi A.-Ihat might nave
Q-Whose notes Tor instancel Al cannot state.
Q.-Not Grant ~ Wardsl A.-No.
Q.-WLat instructions did you give the bookkceper rs
to Inc source which such money camel Al gave
no instructions to the bookkeePcr. c.o., {.
that YOU were using the moneys OF Grant NaT9 10 TAKE
MP obligations OF other people that You could not get
o.. il nor fact that the Mnrie Bank got the benefit
of these moneys which appear here credited 10 the pk
rs their share of pro1tsi A-They were benehted IN
bid it go into the treasury Of the banki Alt was
used by me for the benefit OF the bank.
Q-Can you point out any cases where yon appropr,
ated to other Use tran the DclchJ Oh
the Marine Bahkl Al cannot A.,
Q.-Were there checks drawn to the order OF the
Marine Bank for these anountsi A.-Ihere were
Odd YOU indorse them in the name oi the Marhe
Odd Won draw the money on those checksl Al
did After the bank got what it was entitled to as per
Q Did you put II ia your pickett Al Kept ccrtlh-
Gales OF deposit sometimes in the Marine Bank
Concerning another entry referring To Contract NO.
IGI. of which the profit given as 100000 and the
bank credited with $1,000, Mr.. Fish gave similar ex-
planatIon.
Q-Then you credited the larger part to your own per
sonal acconuti Al did not took a certificate .oi
G|is there any case in which you rcaped any in
dvidual benefit from these tIansactionsi Al don't
Q-so that if the Marine Bank appears to have re
ceiVcd some 500 900 100000 rs profits on these
alleged contracts. that money actually went 10 tne
benefit of the bank in some shape OF form! Al useu
Tor that purpose.
MIR. FIsHs INDIVIDUAL PROFITS.
Mr.. Fish was then shown n large number of checks
from Grant Ward the Marine Bank TO the order OF
James d. Fish. each he identified the mdorse-
ncn as lis own or of his attorney. They extended
from early in 1Ss2 20 the end of March, ISL From
January 1850 March, 1854. there were fifteen checks
aggreglag Sl07.973. They represented SIR Fshs in
d,idual profits member Of the finn OF Grant *
ward in thst period In some instances stocks lad been
given 10 HIM instead OF checks
The contracts again reverted TO. Mr. Fish said
that he understood that Grant 4 Ward did not deal
directly with the Government, but took assignments of
contracts merely that had been awarded to others.
Odd you understand that these straw men got
those contract, ana then turned them yOul A.
We'll would NOT like to describe them straw men.
Odd yOu understand that Grant ward we're III
reality furnishing money 10 other parties who had these
contracts! Al did not understand IL that way except
what Mr. Ward told me Indian contracts, which
were very large. / understood Grant Ward furnished
a pIopOTtoudtc part.
Mr. FISH said that in instance whore be was in
formed of the price paid the articles supposed to be
furnished the Government had ne inquired what the
market price lie understood that the articles con
sisted mainly OF staple products such corn oats etc.
the market price OF which easily asccanable at the
Produce Exchange Sometimes he knew the market
prize at the time. But" he added. these for
future delivery stated by Mr.. Ward and the Govern
ncnt was willing pay "a fixed price much higher than
the market price the tue of the contract" lie
dcr~lood the delivery was to be made at points in the
West lie had inquired rs TO freight rates paid for
TRANSPORTING the grain etc. He believed Wards state
mclt, concerning these ma tiers to be correct
An adjournment WAS taken until Tuesday, at . p N.