New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-10-18
TAPPAN AND FISH'S BANK.
TESTIMONY ABOUT THEIR RELATIONS.
EX-DEPUTY CHAMBERLAIN GILLIG BEFORE TIE
GIBBS COMMITTEE.

EX-DEPCTY CHAMBERLAIN GILLIG BEFORE TIE
GIBBS COMMITTEE.
The Gibbs Committee met yesterday at p.
M Ferdinand Ward did not appear. A. W. Gllllg,
Deputy Chamberlain under j. Nelson Tappan, was sworn
lie stated that April "a the balance Ia the Marine
Bank on account OF tie city was $l,6OO,OOO On tho
9th OF April MIR. Tappan returned from Bermuda. The
witness met him the steamer. When the figures were
shown him he expressed surprise. On tho first or
May 100000 drawn out notice being given In
advance OF the intention to make tho draft This sun
applied increase the deposit in the Importers and
Traders Bank The second draft for 100000 was made
May The witness said that he had never had any
request made him by the Controller in reference ell her
TO increasing reducing the deposits IN tho Marine
Bank. lie remembered Of no communication between
himself and Ferdinand Ward OH tho subject He had
never SIR Ward but two three times in his life.
Mr.. Ward always communicated with Mr. Tappan.
They were connected in various ways III business Wit
had the impression that $4,000 $40, 900 would
the In which Mr. Tappan interested in the
firm. Since the witness became the executor OF the
estate OF Mr.. Tappan however he found that he was
indebted various Institutions In the sum OF about
100000; he could not give tho Of the institu-
ons. He did not know. however, that all this money
had gone into the hands OF Grant Ward. lie owed the
Marine Rank 500 900 in ALL consisting Of two items one
OF $4,000 and the other Of $4,000. Claims had been
presented to him IN q secondhand way rs executor to
the amount OF only about 100000. Mr.. Tappan told lin
after the failure that there Indebtedness against
him Of about 100000 among institutions from whlc5 lie
had obtained money.
Mr. Srahan asked the witness how he accounted for
fact that Mr. TaIpan returning being advised of
large required to meet interest and for other pur-
poses he had only drawn 100000 from tho Marine
Bank. Tho reply that the Chamberlain had nothing
do with that matter the Controller being the officer
required to provide funds Under the law the city Is not
allowed have balance OF than 100000 in
any bank Witness said Mr.. Tappan inclined to
favor tho Marine Bank because he had confidence In
H. The drafts lie alleged made mt the instance OF
the Chamberlain aud not at the suggestion OF tie Con
troller. II the Controller made any suggestion on the
subject IL not until after these drafts were crawn
The original transfer warrants were sent for and
brought from the Chamborlain's Office They were
questions. the witness stated the amounts drawn from
different Institutions for deposit IN tho Importers anu
Traders Bank to meet the obligations duo May 49, were
follows:
From 81 Nchoas Bank. ............ 100000
Frcm the nitcd states National Bank 100000
From the Marine Bank 100000
These amounts were drawn in accordance with the
Nj Dilcman was recalled and asked: During the
time that Grant n Ward were 'eiying the revenue
examinations do you rccollcct that the Controller
Iuc,ted Won or suggested to You that applicants Tor
bonds should bc sent 10 Grant Ward =
Al spoke to HIM several times about gentlemen
coming in aud asking about large amounts ana nc sad
We are not taking many OF them" ana then SAID
quietly Thcy eau get their bonds at Grant Wards"
Q.-rhcrc were great many applicants for bonds
A..-ThcTo quite number.
Q3rhcy expressed their disappointment at not
getting them In rather emphatic language admit they
A.-Ghcy said they had been customers long wmlG
and they tnousn rather hard 10 turn them OIL and
send them 20 brokers Offices
Senator Gibbs-Dilnt yOH think IL strange
Al supposed the Controller hat made arrangements
FOR bonds al low OF interest and that that was the
arrangement was merely clerk nnd had no rght 70
interfere or ask any questions
% -Yor lavc been a clerk there for forty years
haven't YOU and hr ugh your hand, every bona ia that
time hn- passed aud bears your initials SOW vas NOT
ever sent brokers ONCE and lid not suggestion OF
10 for the first time from = Hastings
Grant. the Controller 7
A-Well. suppose that j. so. go
The committee at thls point was obliged 20 adjourn
owing 10 tho severe ndisposon Of the rtcnOgrapher
who was unable 10 take the testimony.