New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-30
JAMES D. FISH TESTlFlEo.
LARGE PROFITS FROM GRANT & WARD.
KEPT IN IGNORANCE OF THE GOVERNMENT 0oN
TRACTS FOR PRUDENTIAL REASONS.

-, ,r seoond IN that which was elected by Ferdinand
Ward when he the witness stand IN inc same sun
So far as outward appearances went MT FISH sho"cu h
signs of his recent harassing experience His large
| frame gave indications OF diminished weight MS
features wcre of that color which is ocntmes somewhat
ncegantly expressed by referring to boiled lobster @
he had a stess wearisome air. His answers were III
audible few feet from him. and In language thi' was
often broken and vague He made frequent panseS DC
FIRE responding TO questions. though slow TO apre
bend their meaning. William b. HornbOwer' as coulSei
for Jnlen Davies the receiver of Grant Ward con-
Quoted the examination with the aid OF some suggestions
from MI Davies himself. Edwin b. Smith, OF Stanley
Clarke & Smith, counsel for Mr. Fish, occas0niy inter
eccd objections. questions put to his chen hut the
referee overruled them ALL F. ~ Bangs was a'7o
present and ". A. burlington, couhSei ioi - -
| Grant, jr.
In response to the usual preliminary questions MI
Fish said that he became member of the firm u Grant
Il Ward in 1850 contributing his share OF the capld
100000. partly in money and partly Ill sock' Poi
ton OF the latter being stock III the Evening star MINING
| Company. How much was represented by Stoch' an"
how much by money he could tell, did he know
| what disposition the firm made OF the former l. ..
| Grant, jr aud Ferdinand Ward had also cohtrIpu'ou
500 900 each, or its equivalent in stocks. WIN
what General Grant and f. ID. Grant Subsequent! p "
the capital of the firm amounted TO @lOOOoo lie nc
came president Of the Marine Bank III leOl' ana Iu
continued president while member OF the frn oi Grant
| * Ward The firm kept account with the panh' ii'
was shown the pass book of Grant Wards specia oh
account and admitted that the entries were all SUD
! stantially in his handwriting
Odd the entr1es contained In that special pahk &c
count have special to the business called tue
contract business A.-They dill. 81, Mamma
Q[WaS ~ u1ai 5UI Soi in me pSs, book of your de
positos Al have done so que yo have made
substantially all The entries on the DEPOSIT s@ oI any
pass book OF your banki A. NO nave OH! Hi"'' o'
Q-Ordinarily it is the duty OF the receiving 'eer ~
inaAF t u & tbc entries in The bank ledger which
correspond win lhe entries ,d i'll '"c u'Io''' O0'A
one OF o'ner Vi "'o 'OoN"o'I ,
o. call your attention to entry on this pass book
under date OF Jahtt! D. 1850. Di''"iN' ~ ~
What does g No. Al mean! A.-Contract No al.
n Dd Won and Mr. Ward have a system OF numbering
80 n,',,'otS5 Mr. WI diJ
Odd Won keep a record of those tansactionsl A.
To certain extent. .,,-,,
to as Discount No. ii y A.-That is discount Of notes
9heT We're dsc"GGte at the rate OF eight yer cent per
that particular contract.
@. What Was that contract Al cannot tel now.
dad Won any dealings with Mr.. Ward these
tracts before You BEGAN these entries! A think 30.
OAs 10 ali these contract transactions in general did
Won understand that Grant Ward had contracts with
the United states Government A. ~ o"l , .i ~,
uunoi ,i,' 'I "l al H., tben,
Old you ever see any of those contracts! Al
didn't ,.... -, .... ,.,,,., ,,,,,,. ,,,,., Axo,
,eT,v f+a0Wenfl, W
Cor whoini A.-Mr. Ward. Neutrality-suspicious.
La ',,s G I tb u co ,g nn be NOV
Odd you understand nat Grant 4 M.Id were o en-
gagged IN dealings wlcn c0ul not DC dlsc'eu 20 ie
ers Of the frmi 4. after apau,e-Thai they had bet
ter MOI He disclosed ioi prnG6 dniia reasons,
nat uu you TeE'un - In' ucIl' ~ -,
aIier another pil1'r ware o t iiic ,i '' %
discussion Gsht DC Nc,n li ~ th - & fr,u5,
Nm Auu ,'tH Tafions 81 Grant Ward in
these GGntiaesi 81 ana not ceo Grants name or
i ltnea was Pei,4 "SeH III i'iIt t VIII" '"' "
It's oiGers ~ ana not ;,o, o,oo, Grant,, In te
event OF his iutuie nomination "' '"'''''e io' 'i'
0"Wonld Mr. Wards disclosure of the facts TO Won
partner IN the 1In Interfere Wlh Gehta "iant f':u
afcy Tor Inc Iiff ta, a. "i'H ni''"
q Would Won lc.ar a disclosure made by one part
ner to another giving publicity to the business OF the
WIot vas tbe last time that Won made any inquiry
TO whether there any such contrac4! Al can
hot 'eW ui.,, Is; ,.,,,. ,so, q, ,,is f,ilur,, M.
.,VSciaIIr ~
Q.-WGat was The usual rate of so-cacd profit, de
rived nom these contracts! Al Ner"seu > 10 ~ PcA
@ "Tno, o,1ipuod RIGHT alone for q ueriod Of wear
and half. didnt iti Al should thin,
ma l'L 'it HoI1 , I'M S',' , ~; IUnlr
,,bat t".c Contracts We're with whom they we're made
and 10y whom assigned to the hrmi Al never dd.
IT LOOKED BETTER
o. call vour attention to an eary under date Of
January TO- 1ss3-disc0uns, 5000 and Does
that entry refer to discounts of notes OF Grant WdTdl
Ayes, sir.
Q.-At what ratol Anime per cent discounted by
myself
~" ~ What did Won do with them when Won had dis
coiutcd them! Trrn them over to the bank! Al had
tGcrn redscountel for myself
O-Whv then do they appear upon that bookl A
They are there for an exclamation to the rate they
we're taken at ana to show the amount to their credit
Q-rhen the bank simply gave Grant n Ward credit
for, 90 ono vvithout any nolcs whatever ON that davl
4 &o tbcv had a check for il drawn against funds to
their credit
~ C;clcriug to cntry,-Who was ". G. 81 A.
William g smith lie was a connection Of Grant &
ward
Q-Did inc oahk make MIN II lodh Oh lh''' u"o' a
ncs' sl III, ,Io, ,o,o 1is noto, = don't know