New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-15
THE GRANT & WARD FRAUDS
DEVELOPMENTS IN THE AssIGNEEs SUIT.
MIR. WARD ADMITS THAT HE BORROWED OF PETER
TO PAY PAUL.

| The suit OF John III. MOTIFS, as aSslSnce vi
James D. Fish and the Marine National Bank, against the
firm Of Grant Ward and against each member OF the
firm individually to have them turn over to him any
partnership property which they may have, was begun
before Hamilton Cole referee, at No. ITO broadway,
yesterday One object OF the reference was TO have the
referee schedule the property The main feature OF the
examination was the remarkable forgetfulness or Fer
dnand Ward, who could remember nothing which wouio
tend to show where his personal property was II he had
any. Julien 7. Davies gave history OF MS Trans
actions with the firm OF Grant Ward, and showed now
he had been deceived in regard TO Government contracts
well-uormed in Wall Street, who have paid careiu
attention to the developments concerning TINS hrh, sa"
last evening IN regard to the statement OF laDes o
Grant Ward by Receiver Davies that the Daioohih9
which had characterized the transactions OF that urn hau
evidently been extended to their liabilities ana thae IL
these were reduced to an honest basis and all fccous
fraudulent or improper claims eliminated the total would
| be shunk by many millions.
Bangs Stetson appeared for Norris William b. Horh
blower for Julien T. Davies; william A. burlington TOT
| U. s. Grant, jr; Thomas l.. Sunnan Tor t.
Spicer ir Ferdinand Ward in with bis latest
assignee, George Holt, at 1890, and was Immediately
In witness for Assignee Norris ana was e&
| aInined by Francis n. Bangs.
| Mr.. Ward dressed In dark suit, Win hghlcol
| ored spring overcOat and high silk hat. Ne looked
haggard and wOnout and unsbaven face ana dsouereu
hair gave him the appearance of abec misery lie sank
|
rested his elbows the chalrams With his face IN MS
banda and seemed nervous and restless. large num-
Der of legal gentlemen who represented various interests
were besides different asignees and receivers
connected with the U. S. Grant, Jr, was present
with his counsel for a short time only.
MR. WARD KNOWS LITTLE ABOUT ANYTHING.
Mr. Bangs-Mr. Ward what books were kept by the
firm of Grant & Ward up the time OF their failure
Mr. Ward-The usual books OF brokerage house
GA ledgerl Ayes.
GA cash book Ayes.
GA book OF receipts Of money contracts such as
this spcer contract which have read to you AvNo'
Mr. Bangs here read these receipts and certificates OF
the firm which they gave to investors IN CONTRACTS anu
Was cash actually received by you from these parties
| o%were those receipts true theni A-rhey were
partly aud partly false We did not always get Tue
own you give the names Of the parties who have have
invested with you these so-caed Goyernment CON
n rrsc' +. H A Toby. 7f +. G. fo6 Fol- '
Q-Was James D. Fish Onel A.-No, sir. 1 don't re-
oWhers are the books of the firm which show the re-
| ceipt of money from these meni A-Nowhere' May DC
o'22Gn what banks A-The Marine and First Ma
| O~Hsd YOU at the time of the appointment of Mr.
Davies as receiver any money in either bank to your
Q-Do your books show how you disbursed the money
of Grant * Wardl A;-No, sir. w.. .,o,, ,o,.s
Q~Where DO these moneys appearl Al don't think
O-WIere does the money from Grant & Ward to you
| appeaTl A.-NOt on the trn BOOKS On my private
books, think. kept private deposit DOCK same aS
QNWhat rents did you receive from real estatei A
Q.-When did you buy the McDOnoughsty Brooklyn
P0iHWhcn the Madison-avc. property Al can't
Q-whcn the house No. 81 Perrepont-sti Al don't
know.
| Mr. Ward did not know when he bought any Of the
property he had what he paid for whether he paid
any money, whether he took the money OF Grant Il
Ward to pay for it, He said that he was to have half
interest in the Booths Theatre property bur did not know
what he paid whose money he used An account mad
been opened with the Marine Bank and the bills paid
from a fund provided His stamford Comm property he
paid $i3 800 for by giving his check He did not KnO"
what he paid the furniture in his residence, which is
estimated to be worth 100000. In fact he knew little
about anything He had made assignment TO George
c. Holt he SAID but the house III Pierepontst he had
not delivered to him. for IL his; his wife owned
IT, but he did not know when 1t was conveyed to her
| FRIGHTENED AND FORCED INTO ACTION.
Mr. Bangs-Dd you Join your wife in deed of trust Of
that property to W S. Warner Ayes; but did not
read 1t.
Q.-WhO was PRESENT. Al. H. work, W. D. warner
ard Mr.. Shepherd, my counsel
Q.-What consideration did you receiver A-Nothing
personally. Mr.. Shepherd got certain receipts from
Warner Gd not see them MT warner came on 10 Wy NY
|
Work and Mr. shepherd came soon stter. o.o 80 ,o,,,
rSn erctement The purport of the conversation was
that must transfer my property TO Warner at once or
they would proceed against me. was frightened, ana
consider that | was forced to do what did The aggre-
gates of the receipts held by Warner were S9I2VOO.
| 7O-How much money had you actually received from
Warner for those receipts Al can't tell ,
Q-IIad you received so much A.-No certainly not
Own your books show how much A-No
GLOW can anybody find out how much money was
paid Can the receiver find out A.1NO one can iinI
out No knows but myself II will appear in part
Won any private papers on this subject locked
upi A.-A1 my papers are locked up with Assignee
Davies except one ,,
Q.-wbat did it contain ! A.-Everything about this
o~wbo has it9 Al. II. Work.
Q-When was it given TO him A.-On last Wednesday.
interested in that matter he aud Warner worked to-
gether.
Mr. Davies was asked il he had received such a
paper from Mr.. Work, and lie said that he had not
DEPOSITS INVESTED on HIS PERSONAL ACCOUNT.
Mr.. Bangs-Dd you or your firm ever have contract
OF any kind from the United states Govern
uentl Mr. ward-Never in anything.
Odd you ever invest dollar received from any
bodyf A.-No.
o'-what did you do with what you received An
SSs'cI p WON ever psy warner 100000 in cash' Al
don't know
OWL your checL-bOok show A:-NO.
| 6-You had q balance In your favor in the Marine
National Bank OF O452 30 on May ., and check on
the First National Bank for $4,000; did You get that
money Al aid. ~ ,,
| 0-How did you get the check FROM W. h. tanderbnI
for 81 900 Although General Grant. l received
the check General Grants house on Sunday Ill.
O-And you deposited It to your own personal credit
Ayes sir.
Mr. Ward had recently paid S33 900 for ewery, but he
did not know the ewclry what had become OF
il but it had not placed the hands of any assignee
he said.
Mr.. Bangs significantly that your best recollection
| Mr.. Ward go. -
O-iIad W. r. Grace any transactions with You in these
thincs A-Yes sir he had to do with these receipts
| O-What A-For instance, he would advance
500 600 and buy two notes 10y Grant ward nd0rsed
by Mr. Fish minus five per cent discount, aud then
Would give him receipt certificate to pay MN 50
| MN rlNen inn