New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-21
WARD ENDS HIS TESTIMONY.
SOME OF THE THINGS HE DOES NOT KNOW.

THE BOGUS CONTRACT BOOK.
The rooms of Referee Hamilton Cole were
rovded Yesterday uncomfortabiy all through the hear
ing in the suit John H. Morris against u &. Grant jr
aud others Among the counsel present Joseph
n Choate represents Receiver Julien T. Davies
Joseph Larocque who looked after the interests of the
New-York. Lake Erie and Western Railroad Company.
and Allen W. Evarts. Mr.. Ward corrected some OF his
previous testimony in regard to D. W. spencers interest
in the contracts and to his knowledge OF the use to when
the Erie securities were put He said that Mr. Spencer
was never Interested with him in the contracts
directly, but through James D. Fish, Spencer
a participation In the profits from tne
contracts did know how much he had invested
As sknowlcdge OF the rehypothecation OF Ere Sc
cuss Mr. Ward said that nc supposed Mr. Spencer went
70 President King OF the Bank OF Commerce. ana ar
ranged for loan OF 100000 them; at any rate ne
fward had taken 900 these securities to Mr. KING
and had received the 100000.
There was some feeling expressed between MT Bangs
and Mr. Davies regard to the possession OF the DooA III
which the bogus contracts were entered. MI Davies
claiming a. and Mr. Bangs insisting on retain
ing IL until copy OF IL could be made An appeal to the
referee resulted in his refusing to make any order ABOUT
1t, and Mr. Bangs triumphantly carried of the book
possession being more than points in law in this
instance.
Receiver Davies filed a schedule showing how
Grant g. Ward stood May 6, 1884, in re-
gard to collateral securities, aud promised to hand IN the
list of the assets Of the firm Thursday He was care
ful TO state tndt ne ulu WISH 10 W '
statement qualified it by saying that was made up
from the books OF the firm.
j. H. Work present in answer to a subpoena duces
tecm and brought the private papers and memoranda
which were given TO him by Ferdinand Ward and which
Mr. Bangs had been trying to get possession OF ever
since the beginning of the suit In answer TO demand
for the papers Ashbe Green, appearing as counsel for
Mr. Work produced the sealed envelope containing the
papers aud delivered it to Mr. Bangs with the statement
that was In the condition when received by
hr. Work.
now MIR. WARD AND Mr. FISH DIVIDED PROFITS.
Mr. Ward identified the memoranda and was closely
questioned about II aterward The examination OF Mr..
Ward was then continued.
Mr. Bangs-You stated the other day that the DIVISION
of profits depended somewhat on the value OF money;
What did you mean Dy the = Vaiue Vi honc! a.
o~Was the division OF profits arbitrary, Al don't
o~When an amount of money to be divided by
SS SS aE9 Ar lsa eu we y id ""Ss'' anu
Q-was each to &c, agao par or was it left open
Qwas the proportion OF profit based on the supposed
profit on certain capital investedI Al thnK not
Q-How can you fix the amount OF profit In gwen
o-IIow much money did you receive from J. Nelson
Of t tie notes rsn WaFdi ~ dGGt tng M fro, dis.
counted notes Of Grant Ward. 1885,,
Q-IIow much from ". s warneri A.-somethng be-
'0ffHcw aji warner pay youl A.-By checks.
Q-What ia Warmers busnesSl Al don't know nc, NO
| : "a
know when first met him. who introduced u.s. 80,
QWhen did he hrst go Into the contract business WIN
youi Al don't know.
Here Mr. Bangs showed the memoranda received rom
J. H. Work toMr Ward. and piled him with questions as
20 the character OF the various transactions
Mr. Bangs-what kind of transactions are these under
contracts and show money received what contracts,
from whom. amount OF the profits etc. May means
due in MAY. 1851 TO the parties interested ,-,.
O-What are these on the second pager A.-lhey are
oil the character, only payable III june
The third page showed transactions with Warner The
fourth PAGE was headed -. D. F." and explained by
Mr. Ward TO mean James ID. Fish, and that the sums Of
money mentioned on page amounts payable TO
him. which amounts were represented or evidenced by
receipts or notes. The next page was headed "W. :.
Warner ana showed tha Oh ceIdn avn "@cSS w aI he
specifications of amounts to he paid IN April At me 19i
from j. f. Work for ten days on Apr l. hut Nj. Ward
did not know what ii was for. Mr. Ward did not know
what Mr. Fish old with the Tour notes Tor Sioooo each
which given to him to pay for his share N the
Booths Theatre property but had Oeen served "thhoce
OF protest those now due.
EXPLAINING SOME ENTRIES.
The book containing the record Of the contracts entered
intoby Ward and Fish produced ana was ident'dby
Mr. Ward aud marked exhibit. b1t vas not put IN
evidence Mr. Ward shown the book and closely
questioned to many OF the contracts az TO whose
writing appeared in the entries and his relation tori an
The witness stated that the record a. % b was Snc
Of Jame 3D. b SH @ nj h" T some
Mr. BJnzs-Very many Of the entries nave 9 %tt
they have been settled Those that are not crossed are
st in OTce-aie notes Sill ont
MI Wards attention was called to many particular
entries bat lac did not know what several OF them meant
Did YOU not give Fish the of Grant ward
in these TRANSACTIONS aud ana not ne suppose
tSa firth @2y .ol Contracts hYe SIR think So
@ TO what do the notes in the lac, column on eacn
page refcri A-They are a sort OF index referring 10
contracts OF To Other entries. ,-,,
Q-What do they mean when they say "discouhled "
showing tat the notes of Grant Ward had been
discounted the Marine National Bank the Nmnaitah
Bank. the Mystic River Bank ne Orle1dl 'lh WE -
Nicholas Bank, the Pacific Bank and large numoer pl
other banks various parts OF me country anu th o:
Fish had negotiated the dlscGunting. Mr. BdSs asAeu
lis not that Mr. Fish was me one WAo pfocarri
all these loans and the Responsible borrowef OF al
this money aad mat that money went 10 ,rtht * VAR
Mr. Wari-Yes sir iyor knGw scou5tra At difsrcnf
1istons 49, ~
THE CONTACT SYSTEM BEGUN TWO YEARS AGO.
The number of contracts entered into by Ar. Ward
with different parties between April g. 1882. and April
II 1884 and which were recorded in this book. WAS
233 Mr. Ward said that OF the entries were mace
by him and by Mr.. Fish.
Mr. Baugs-Does not this indicate the fact that the he
ginning OF these enterprises called contracts was about
April 3. 1882! Al can't give the 1rst date Inc
and must have made sometime before tnat time.
Q.-IIege Is an entry with prom @4o'Z42 wii i
when SG you as a' S CONTRACTS entered ali different ones
o.-Sho determined the division Of prOftsi AIR.
O-And Won had no contractsi A.-No.
Odd you tell Mr. Fish there were no e0ntractSf A
i don't know. No. =. -. A., ,.,y
O-Who grated the people 10 be let INTO the diner
emf contractsi A.-Fish and myself
Q.-When you took man IN he got rectlpd ioI 50
much money to be paid at given day with pfoht' A
Ses sir. $500 -. -, ~ - $50. d, O., % ooo
and $4,000 stand against IL. what does IL meah' A.
Notes. >,.,.
O-What did Grant 4 Ward get A-Nothlng
Q-Then il was done TO show Mr. FISH what interest
Won took in that contract Ayes. sir. -.
O.-Hcre is q contract on May i. due August l. 1854,
with ploht 100000" written against IT, How c0uIO 20"
determine profit in advance the lst OF August not
having vet arriVedf A.-By writing il.
Q-ihcD il was simply al paper, was III Ayes, sir