The Indianapolis journal., 1884-05-15
Captain spieer's Dealings with the Firm.


New York sun.
Captain Elihu Spicer, jr director of the
Marine Bank. and member of the firm Of g. d.
Mallory & Co., was examined for three hours
yesterday, before referee Hamilton Cole, on his
petition to recover twenty-six second mortgage
coupon bonds of the Gulf, Colorado & Santa Fe
Railroad Company which, he says, he left on de-
pesit with Grant & Ward, and which are wrong
fully detained by Mr. Davies as assignee. Mr.
George f. Spencer Grant & Wards book keeper
was there with their ledger.
Captain Spicer testified that he took the bonds
thes.o Grant & Wards office April 26 last and de-
,,<Sered them for safekeeping They were not
marketable bonds, and he asked Mr.. Ward to
find out their value for him and to take care of
them He had taken them from the Safe Deposit
Companys vault
When the witness heard of the suspension of
Grant & Ward he called on Mr. Ward and re
ceived the following paper from him:
NEW YORK, May g. 1854.
Messrs. Grant 4 Ward or T. j. Davies, Receiver;
Captain f. Spieer jr., deposited %, 900 Gulf, Colo
RADIO & Sante Fe second mortgage bonds with me for
safe keeping and they in my safe, and should be
returned to Captain Spieer' as they were N trust;
Ferdinand Ward being duly sworn says that the
foregoing statement and facts above related by me
sworn to before me- May s. 1884.
c. S. SIasoN Notary Public
U. s. GRANT, JR.
believe the above staternents to be true
wM. {. SMITH.
.Lpresented this affidavit to Mr.. Davies at his
Office in Wall street" Captain Spicer said 1T
is in the same building with Grant & Wards of
fee. | did not get my bonds back. began
replevn suit; didn't get them by that and then
made this petition.
BY Mr. Bangs Cof counsel for the assignee of James
d. Fishl--Did you have any other dealings with
4 4 Thai ir,as4 for me eoil
some contracts and other things.
Mr. Bangs opened Grant & Wards ledger at
pages l7S and 169, which were headed "Grant d
Ward in account with Captain Il. Spicer, jr.
IL related only to the buying and selling of stocks
md bonds. From March Feb. the credited
,roceeds disbursements on stock were less to
.redIt than to debit. Mr. Spicer had also state
nent from the firm for the same period. dated
Nov % 1888 This footed up $19l, 4.3S, and
embraced seven stock transactions. The original
apcount invested by Mr.. Speer appeared to be
in the neighborhood of $50, 900. On this state
ment Mr. SIicer is credited with having received
from the firm by check SIS, ,6lOs6 On the bot,
tom of the statement was written; HOLD 10, 600
st Paul bonds on 30. 600 New York, West Shore
& Buffalo bond" Mr.. Spicer explained that
Grant & Ward had agreed with him to invest
capital for him in stocks, with the understand
ing that he was TO suffer no loss IN any instance.
and that the profits should be shared Mr., Bangs
wanted to know if the check for $18, 6l0 IS was
for profits and said that, according to the ledger,
there were no profits MIR. Spicer sad that he
did not know exactly if it was for profits or not.
but concluded that it was all right, his account
was still open with the firm when he received the
check.
On another page. in the ledger was "26 600
Gulf Colorado and Santa Fe second mortgage
bonds written over an erasure IL was ex,
planned that Mr.. Ward bad had it erased and
that Mr.. Davies had had it put back.
Q-what other transactions did You have with
Grant & Wardl A-Cash that paid them; advances
on supposed contracts.
Q-6ive the history of these supposed contracts
Award told me that he wanted me to go into GER
tain contracts with him. He said that he would ad
vance money certain bonds that bad. gave him
part bonds and part cash The bonds absorbed
and the cash absorbed in these contracts which
have yet. The money to be invested in contracts
oEWhat do you mean by contracts on your account
Have you any written papers! Any counsel has
them.
Mr.. Butler produced six sheets of letter paper,
each of which represented different transaction.
They read as follows;
L. :. Grant ir. Gen T. $. Grant.
Ferdinand Ward GRANT & WARD. Jas. d. Fisa.
Bankers and Brokers'
No 2 WALL STREET NEW YORK, Feb. Is 1884
This is to certify that have this day received from
Capt E Spoer ir., $50, 600 which to invest
for him and agree to return him said $50 900 on
May 10, 1891 together with 20 600 profit.
Same Headingl
New YORK March Z 1884
This is to certify that have this day received from
apt. r. Spcer, ir $33, 600 which we have invested
~ him in a con tract and agree to return hu the
"a S:}S 900 together with So, 900 profit May ),
1871 GRANT & WARD.
[Same Heading
New YORK March IS 1851
Tbis ocertify that have this day received from
Capt e. Spicer ir 20 900 dulf. Colorado & Santa
Fe crest bonds and SAG. 500 in cash. and have in
vested 500 300 for him for sixty days aud we will
turn the said $66 800 said Capt e. Spcer ir.. to-
gcther with "a, 800 profit. GRANT Il WARD.
lSame Heading
NEW YORK April 2 1884
This IS 10 certify that we have this day received
from nm Suica ir
ssted the same in contract due June 2. 1884, and
we agree To give Capt Spieer So, 500 profit on above