Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1885-11-05
FERDINAND wARp IN PRISON.
He Takes Naturally TO jan Lifs-what
His Work Is.


He Takes Naturally to jan Iifs-what
His Work Is.
NEW YORK, Nov. i.-Ferdinanl Ward
spent quiet day IN Sing Sing prison to.
day. He occupies cell to himself and
did not seem disposed to talk with any.
body. When he marched with his gang
to breakfast In the mess-room he was the
oynosurc of all eyes, The convicts having
become aware that he was new arrival,
He ate his hash and his two slices OF
bread and drank his coffee with apparent
relish After the breakfast he marched
IN line with his gang TO the chapel. Serv-
ices over, he then marched out and fell
into the lock-step OF the prisoners quite
naturally. Thay passed out of the build
Ing, and he, with the others, picked up
his bucket, slung u on his arm, aud again
resumed his place in line 10 go TO the
window and receive his days rations,
Principal Keeper Conuaughtan said Ward
promised to be good prisoner, and as
long as he was he would get along nicely
He viii have To do his work well In the
mounting-shop Of the stove contractors
That will be to take coarse tlle, trim up
castings and III them together into stoves.
y
lie will have To 20 to work at Gals in the
morning.
An examination of the papers, letters,
etc, referring TO Wards business, in
connection with bits of evidence elected
in the courts, is little by little throwing
light on the principal methods One of
these was TO offer through w ~ Warner
Il guarantee to investors OF per cent.
month on installments. Mir. Warner
would, for example, offer TO his acquaint.
anccs, provided with the necessary cash,
an interest IN one of Grant Wards
my thical contracts that would pay 2 per
cent. per month. suppose, for the sake
OF convenience, that his interestamounted
to $4,000. Warner, after receiving the
money, would turn 1t over to Ward, who
would then give him two memorandums,
one for the investor, promising the pay
ment at the end OF thirty days of $40, 200,
and another FOR Warmers personal bene-
/ fit, promising the payment at the same
time of $500, the theory being that the
investment would pay 20 per cent, SO
that while the investor got per cent. ON
/ his money, Mr.. Warner got Is per cent.
ON it. Where Wards remuneration came
/ from does not appear, but, in view of the
4 close and peculiar relations between
himself and Warner 1t is perhaps
not necessary that 1t should appear.
/ As Warmers profits grew he seemed to
/ have fallen into the habit of leaving them
with Ward for renvestment on the cumu-
latiye plan, Contcnting himself with TAX
/ ing obligations therefor aud drawing n
/ few hundred thousand dollars from time
To time as his requirements or views OF
cNpcdience demanded. Thus IL happened
that in March, 1884, Warner received
from Ward obligations covering d
/ 81 900, 900 transaction, divided into sew.
eral contracts, to mature In September
/ 1884, and TO aggregate by that time, through
the addition of profits, 81 200, 900. Fol
the purposes of the pair u regular bond
was devised, with monthly coupons Mt
tached. These bonds are believed to have
been devised by the legal genius of Mr..
Henry Work, MIR. Warmers brother-in.
law, and they are drawn up In the hand
writing of f #. Wood, n clerk of Warner
The following Is q specimen bond foi
$4,000 1t IS worthy Of note that spe
cial provision in the bond makes II
optional with the holder TO demand the
whole sum ut any time IN case of default
on one OF the coupons:
NEW YORK, March l. 1851
The bearer of this memorandum Is en-
titled 10 an interest which has been taken
by us on his behalf in II certain contract
on which interest by the terms OF this con.
tract, there viii be due upon this memo.
randum, at the times set forth in the sew.
cral vouchers hereto annexed and signed
by us, the sums therein set forth
respectively. The performance OF which
contract, in all its terms, in consideration
of 81 aud other value by us received, we
| hereby guarantee, and we hereby promise
to pay the sums hereinafter set forth as
due thereon in accorda1ce with Che
terms OF said vouchers ON the presenta.
j tion OF the same TO us on the due dates
thereof respectively 1t is further un.
r dcrstood aud expressly agreed that any
default in the payments hGein agreed u
, be made shall, and so Often as the same
occur, cause the whole amounts agreed
, TO be paid in accordance with the terinr
of this memorandum TO become immc-
diatey due and payable nj the option o
the holder hereof at the time Of such de
, fault GR,NT & WARD.
Accompanying this are iouI notes--onC
due Sept, 3, 1854, for Sl05,000 one du,
( Aug. 5, for S58, 600; one July 8, for $685.
600; and another, due June D, 1884, tol
$50, 00O. Appended to this documen
originally were two other coupons fol
$50, 600 each, but these were detached
Land pnid when they became due. Thu
May coupon formed a part of the checl
for S7l) poo Of May 8, Ssh which con
! tnbuted TO break the Marine bank, u
! send Ward 10 state prison, and TO caus,
. the arrest of William $. Warner
1