New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-12


you know what threats or Inducements wcTe mac
bv Warner Wednesday morning 10 induce "aiu ~
give up his property Has Mr.. Ward told YOU
He has hut you must pardon me from repeating H.
Then Warner has all OF Wards property -, Ian
Oh no I There ia considerable left Ward mas neeI s
Frustrated by his troubles and he is in constant rear Vi
viOlsnce. -,
None that know Of but his arrest Is probane !" ,h -
moment There may be creditors in cities oiher tnan
sed 10 eTtreae measures trust that they will not Tor
Il cannot possibly do them any good
SOME FACTS ABOUT Mr.. WARNER
There is a natural curiosity abroad as TO William
8 Warmers antecedents. Mr. Warner has Deeh All
exceedingly fortunate creditor Of Wards IN not
alone figuring as preferred claimant but also oo-
tanning posssession of all of Wards real and per
sonaI property. On May Ward gave him bill OF
sale in consideration of $4,000, by which was
conveyed the furniture in the house at No. 81
Pierrepont-st.. valued at 100000, and the con-
tents of Wards country house at Stamford, Conn,
valued at nearly $4,000 On May Mrs Nard
gave him deed of No. 81 Perepont-st., the con
sderation mentioned being $4,000. On the same
day Ward transferred sixteen lots in McDonoughsl.,
and the houses at No. 121 Macon-st. and NO o'V
Lewis-ave Brooklyn, for 10000, subject TO IN
cumbrances" Mr.. Warner was not more IMAM
three years ago O clerk in Grant q Wards
Office, and placed $4,000, all the money
he had at his disposal, in the blind
pool" which that firm started. He was
apparently successful for shortly aftervard he ne
gan buying expensive horses and living in the
style of a millionaire. He left Grant & Wards
Office and rented an office in the United BANK
building. and became ostensIby a stock broker.
Then he changed his place of residence to Fifth
ave- He has also family relation to the firm he
is Mr. Works brother-in-law and Mr.. Work Is
Julien r. Daviess partner in the law firm OF Dawes
Work McNamee & Hilton which has Its Once IN
the United Bank building. Julien 1. Davies Is
Wards assignee. Jesse X. Grant was AZ ore time
a member of the firm of Davies, Work, McNamee
& Hilton. William Squires, who guarded No 81
Perrepont-st. Friday night in the interest OF MI
Warner is a clerk in the Office of the law firm with
which Mr.. Warner is so intimately connected
QUESTIONING A PUBLISHED STATEMENT.
A TRIBUNE reporter saw James W. Elwell at his
house, No. 20 Leferts Place Brooklyn, yesterday
afternoon. l was very much surprised tins morn
ing" said he, while on my way to church by
man who told me that had been appointed re-
ceiyer Of the Marine Bank. Now if that be true
can only say that know nothing about it, and that
have rot been consulted on the subject
Mr. Elwell was shown what purported to be the
statement of MI Schrba as to the condition Of the
bank published IN The Ner- York lines yesterday
and was asked if it was correct statement. After
reading it carefully, he said
I cannot make any out OF this publication am
not liberty state what are the Facts hut no sa.e
the depOstOrs concerned Examiner schTiha too me
that could this. that far rs he could Judge tley
would probably paid fu. hut that he could not say
whei the Stockholders would get anything or NOT
The Times makes Captain snow say mat we laH an
II was used 10 settle our differences with the Clearing
uou.e Thai i. mistake for we have now 100000
a. hand in c..h and We also have real estate worth
which mentioned assets IN the TppO,cu
report bv Mr. sohriha. Il IL shameful such gross mis-
.fl- tghou be-
l~ve that Mr. Schrba made statement 70 anYhoQy iof
he ad 10 me that no One-nOt the director -houd
see his complete statement until after DC had submitted
IL % the authorities at Washington. and That there was
mo use Inn ANYBODY irving 10 interview him about L.
am going to contradict the statement made 10y
Manager Camp the Clearing House that dr Fish ga
nor order the bank door. When 1 went into The
bank that dty and asked the cashier Mr. Fisn' why
the bank closed he said father sent down word rom the
Clearing House TO close be DOR ana MOI To Reeve
nav out any money" And Mr. Fish hes never deIed
that he did 1t. Ny faith in President Ish is
and 90 not believe ne knew any ulhS aoot ne ~
proper dealings or the illegal d0lngs or ware; ne
me his word that ne dd not nm IIsh anu warn
IN thc bank On saturday Mr. FISH De@an az once
understand from one who present-tO upbraid ana
blame Ward, and that matters were 50 nor al thy ls9
but ltte TO say 10 each other aIIeW aiu II = nv
opinion the of the bank the deposors
cever appointed for would be very unwise 70 do
herently would not be at al prudent or udiclous
business it had 100000 80 900 600 cash on
hand 10 start WITH It's credit has been much impaired
by the closing OF its doors
MR.. CHAFFEE's OBJECTIONS TO THE RECEIVER.
orado has not had his dissatisfaction with the ap-
polntnent of Julien r. Davies as receiver removed
and the legal points involved il any attempted re-
moval Of him are to be carefully considered by his
advisers Mr.. Chatfees position as creditor of the
firm came from his placing property in the hands
of his son-in-aw, L. :. Grant, jr at different Tunes
within the last light months. No security was OD-
tanned by MIR Chafec as ne had the same confidence
in mis- son-in-aw az exists when one friend OBTAINS
a personal loan from another. Young Grant turned
the property, which consisted Of about S5OO,OOO
Government bonds and a small amount of cash,
over to Ferdinand Ward, in whom he had the full
est confidence.
The report that the Nickel Plate Railroad had re-
covered all It's rehypothecated securities could not
be confirmed yesterday. If any loans
have been taken up 1t has not been
done by the company but by some
persou acting in its interest. No further informa-
ton respecting the relations of the Erie Railroad to
the firm was learned. There would be no question
of q receivership involved in the passing Of the
lime interest on the second consolidated bonds. as
there must be successive defaults covering three
wears in erest before such proceedings can DC begun
The large creditors whose claims include prohts
standing 10 their credit the fictitious contract
operatons of Mr.. Ward. say that they will not seek
to establish any claim against the assets or Grant
Il Ward not based on the money actually PAID IN.
James Henry Work said last night in behalf OF
himself and w. :. Warner, his brother-in-law, 70
whom Mr. Ward has made transfers Of property
of about S5OOOO in value:
Neither we nor friends who hold the obligations OF
Grant ward representing contracts guaranteed by that
firm will claim accept from the assets OF Grant X
Ward any greater amount than the moneys actually pau
for such obligations, with interest thereon.
Mr. Work further said that upon some OF these onl-
standing obligations payments nave been made on &c
and ffaf mel
hereafter proved 10 he fictitious, the amount Oh such
payments shall be credited upon the obligations
THE AssIGNEE's RESOLUTION.
In answer to questions. Julien l. Davies. the
assignee and receiver in the Grant-Ward cases.
said: