New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-13

driven to Thomas E. stillmans Office a. NO r III
broadway, He remained with br OF n, pr ul
Iate in The afd-noou when he retqs 'cu " y
In and remained indools during TIE rensntatioI
the night Hepasse,dI, the eve evsl bjs counsel.
Sidnev Green again assured the reporter late IA,
night that his brother-in-law had nof crssn wa u
rectly from any OF his last night for
Mr. Wards arrest and said that ne Tas s' IN an
that he would not be taken nom tks ,apwons and
ia rather pleased than otherwise that ne na' w.
teoiyes inside of his house TO guard nun taV
possible violence de Is 50 nervous w . from the
winJow to see if there are any suspicious oharao-
ters in the street Notwithstanding ner protest.
tons that there no ne onS the detectives
patrolled the block. and ali night hgny occ-
from the windows of the room when " aru ooou-
p At 81 .T George ngrahm and Mr.. Prince, tho
renreseptatiyes of MIR. Warner, completedthGir In
ventory of the furniture in the house No 81 ferie
pont-st, At o'clock Deputy Sheriff Middleton IN
formed them that according to hls Instructions he
must ask them TO leave the premises. At first they
declined to do So but upon being informed oy Mi
Middleton that his Instructions were explicit ana
that if they did not leave the house of their own
voliton he would be compelled to proceed 70 1oro-
ible measures the men went The bank IN con-
sequence has possession OF the FURNITURE
ACTION OF THE puENIx BANK.
One of the results Of the failures has been the
decision of the directors of the Phenlx NatiOnai
Bank, of No. As Wall-st., not to accept the ac-
counts of stock brokerage firms where the over
certication of checks Is required as Is necessary III
the conduct of large business of that character
Several prominent houses promptly transIerleu
their accounts to other banks Yesterday upon re-
ceivlng an intmatiOn from the ofhcerS lha1 ilieS
were not anxious to keep accounts which INVOLVED
a heavy amount of certification, Eugene OutliH'
president of the bank, SAID last evening oo and
some of our brokers have been customers from thirty
forty years. Our action was not taken DeG,so we a
loo "a afra nv IF Them
day this! The directors SIMPLY pohoed We OTds
Of the bank from doing brokers business except IN ~
brokers' business but do not wish to be understood
never lost dollar bv any of them and we trust that
bank Think many WIN remain with Nearly all of
them have been around to see us today and brought
loads Of securities 10 give u.s. and asked TO be allowed 10
rences have made us desire to mako all OF
conform to the rules OF commercial business We nave
never oveIcerted checks but have been very caFe4u
The taking Of testimony before Referee Hamilton
Cole, at No. ITO Broadway, IN reference 70 me
twenty-siX second mortgage bonds Of inc Ouil'
Colorado and Santa Fe Railroad which captain
Elihu Spicer ir., deposited IN the office OF Grant ~
Ward for safe keeping IN the latter part OF APLL'
and which Assignee Julien 1. Davies refused 10 de-
liver to Captain Splcer, was begun yesterday at ~
a. III. Captain Spicer was on the stand
for three. hours and gave large
dealing with Grant u Ward He identified several
contracts made with him 10y that hrn; one was
C SG re sa 66 and SaTanfeei to in
vest that amount so that it would pay $1,000 III
three months. Another Of March z, 1883, guaran-
months. All the others were of the same
nature. IL appeared from his evidence
that Captain Spicer had put into the firm about
5000 900 the last year, and all he had to show for
il was certain papers signed by Grant ~ Ward
agreeing to return the amounts in a short time with
large added interest. These receipts stated that
Grant II Ward would invest the money IL Govern
ment contracts The assignee viii claim thaI these
twenty-six bonds were placed III Grant ~ Wards
hands as collateral security TO cover some trans
Alien Butler appeared as counsel for Captain
Spicer; Bangs & otctsOn for assignee Morris
Ashbel II. Green and William G.. Hornblower ior
assignee Davies, and w. a. burlington Tor u. :.
ir