New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-22
me depntv-sherif to the Sinclair House, OF Broad
way and Eighth-st., where he passed the night.

way Eibhtu-St, "h0iN nv P"SS
SEoUELS TO GRANT & WARDS FAILURE.
WARD AND FISH BEFORE THE GRAND JURY-RE-
CEIyER DAvIEs's APPLICAT1oNs-wARp's STATE
MENTs DENIED.
The sneciaI Grand Jury of the Court of Oyer
and Terminer began yesterday investigation of the
peculiar financial methods Of Ferdinand Ward.
Mr. Ward was before the Grand Jury for
a short time and was succeeded by James
D. Fish, president OF the broken Marine Bank. The
line of inquiry pursued by the jury will be much the
same that followed before Referee Cole II viii be
extended all OF Wards operations. and will include
his transactions bonds and the large balance Of
the oys money the Marine Bank The Grand Jurors are
as rule thoroughly acquainted with business methods
and they will subject Mr Ward to searching eHamna-
ton Mr. Fish It is understood VIII alo be questioned
closely as to hl. operations with Mr. Ward A strong
effort will be made ascertain whether any undue lhhu
ence was brought TO bear on city officials 10 IN
duce them to place large amounts OF the Guys
funds in the Marine Bank. Mr. Ward was
taken 10 the District Attorneys Office after his
examination was concluded and was closeted with the
District Attorney for time. Whom he went out ne was
follow ed closely the detectives who have been doggns
his footsteps ever since the failure OF Grant ward
Later tho foreman of the Grand Jury Merritt Trimble
held long conference with the Attorney reaVe
TO the scope Of the investigation.
Legal complications growing out OF the affairs OF Grant
& Ward presented themselves yesterday in the form OF
several applications made TO Justice Donohue IN the
Supreme Court. Chambers, by Receiver Davies He
stated TO the Court that the Mutual Benefit Insurance
Company OF Newark had loaned money to Grant Ward on
securities In stocks and bonds which al been part
hyPothocated by that In The Ile ana me - hous
the bopds The loan had not been paid; the insurance
company had sold the stock and had otalned s'iall
amrt for II more than the loan amounted to, and
willing To turn over this surplus and the bonds to the ne
csiveI OF Grant IL Ward The railroad companies wlsheu
the bonds however. and willing to pay for them
Mr. Davies wished directions from the Court DECISION
was reserved , A.,
The rcce yer also applied for the right to redeem me
securities pledged by Grant ward for loans. l. Set-
SOU in behalf H. Morris and others opposed the con.
OF such general powers urging
thar each matter OF the kind referred to In the apPca-
tion should up for adjudication by ITSELF Inc near
Mr Davies asked further for permission to settle ac-
toney for the Mutual Benefit Insurance Company OF
Newark said that that company held Ot OF the bonds
willing to do This skcd for directions in the mat
ter. Decision was reserved. -, A.. .o,.u
anoe or CIRCUMFERENCE by William $. Warner OF any
property which mad been ooaveyed 70 nm ny ana
property belonged the assets OF the firm and should DO
Ia his testimony before Referee Cole Tuesday Mr.
Ward named a number OF banks where he said he had
discounted notes OF Grant Ward The heads OF mum
Der banks seen yesterday and lnVarlapy
denied Wards statement point blank Az tine 81. 81
. mote Tor Ward III the world-nOt one-and never had
any transactions with hl9-WaTd never got oSC0nn
here his life. One Of Grant Wards notes lno0rsed
by Mr.. Fish, brought to us by thrd person. Wno
also Endorsed it, We discounted u ana IL was eut
sequently paid. That some time ago" At TIE
Mechanics National Bank, Cashier Cox said " Wards
statement fiat lie. We never had any
dealings with him. We discounted some OF
Grant Wards paper at ono time Wit %ita
Fishs Endorsement But II was ell paid long ago. Cash
fer Baldwin, OF the Bank OF Manhattan Company SAID:
d. Fish account here and has offered us notes
OF Grant X Ward fer discount They we're discounted
and all paid. The last one was paid the ms week
ga AIyi. applied afterward for further discounts
which refused" President Hayes of the same con-
Germ Mr. FIsh's account here was always large
one but we lost nothing" President Hall, OF the
Oriental Bank. said: We discounted any paper
for Ward for Grant & Ward. We discounted some
paper OF Grant Ward for Mr.. Fish, but Il was all paid
long ago. | believe Mr. Fish 70 have been perfectly
strash in dealings. lie hoodwinked ana misled
by Ward. He has made any cOnce almen OF what
be dill with his money II went into real estate and l. az
handed in q honorable manner At the second
National Bank President Trow bridge said positively that
the institution had never discounted any paper Tor
either Ward, Grant Ward or Fish.