The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-03-28


Col Grant was along, and there was Mr.. Fish,
and Ferdinand Ward and James r. smith,
Mavor Edison and j. Nelson Tappan, city cham
berlain, and the treasurer Of the road, Mr.
Spencer.
Q.-Did Fish converse at all about the bust
ness of Grant g. Ward2
Al don't think he ever Gid made a re-.
mark. r.e.nuect. to the effect that Ward was a
man Of wonderful ability wonneeeerfnl business
capacity, or something like that, and .s.. 20"
he had never got anything so good IN Ills lie re-
fore.
Q.-You didn't draw from the firm of Grant &
Ward the profits which you were led to suppose
had been madel
A.-No, sir, / did not. left them there with
the concern, and everything had beside, and
haven't got it out had some little items, but
l don't know what amount, that were purchased,
some of them for me, with money of the firm
that were profits of the firm; but they never
were purchased, but they were supposed to be,
and / was charged with the purchase of them.
Q.-You drew, if understand correctly, from
the firm at the rate Of $1,000 month during
the year, 1883!
Ayes.
Q.-And at the rate of $4,000 a month during
the early part of 18S4a
Q.-Up to the timesof the failure?
A.-Yes, sir
Q.-And that was the limit of your drafts
upon the firrn9
EVERYTHING WAS LOST
Gas understand it, General Grant, every
thing you had was lost in the failure of that
irml
A.-Everything I had in the world went.
Ward came up here, Sunday night before the
failure, and asked me to go down with him to
see Mr. Newcomb, to see if he could not get
$780, 900 from him; that he had himself raised
$3.50 00O and that if he could raise $3.50, 900 more,
it would carry the Marine Bank through;
that we had $500, 900 in the Ma
rine Bank, besides 81, 100000 securities
in our vaults; that we should be
Inconvenience very much if we couldn't carry
the bank through and he said the Mari ne Bank
was all sound and solid if it had time to collect
in or draw in a little of its time loans. l went
down there with him, and Newcomb was not at
home, and he asked me if | knew William II.
Vanderbilt we'll enough to ask him, and |, after
some little hesitation. said did, and Vanderbilt
loaned it to me without hesitation at all. He
said at the time, to me, that he was lending this
to me. and that he had no recollection of ever
having done such thing before. but that he
would do it for me. Well, that has taken all
the remaining property had.
Q.-The representation of Ward to you was
that your firm was in danger on account of the
critical condition of the Marine Bankl
Ayes, sir. He said that he had ST. 300, 900
of unpedged securities in our vault.
spring of 1884 communicate TO you any dis
trust on his part of Ward9
A-No sir; if he had | should have been very
ready. have no doubt, to take dstrust.
Redirect examination by defendants counsel:
Al had no dstrust of Ward the night
before failure-not tho slightest, and / recoect
that my son. U. S. Grant, after the failure, said
"Ferd would come out right yet; he had no
doubt he would come out right for he had such
profound friendship for his baother, viii Ward,
that he didn't believe it was possible for him to
do dishonest act. 1t took day or two to
believe it was possible that Ward had committed
the act he had
BY Mr.. Clarke: Exactly what was It, accord
ing to your present recollection, that Ward said
on the Sunday before the failure in respect to
the securities of the firm in the Marine Bank"
Ale did not say he had any securities in
the Marine Bank He spoke about own pri
vate eecurites, the way understood it, that we
had 81 800, 600 in our own vault and had
seven hundred and odd thousand dollars in mon
ey in the Marine Bank.
Q-That was Mr. Wards statement to you
that dayl
Ayes sir