New-York tribune., 1885-09-18
THE NAPOLEON OF FINANCE.
WHOM DID WARD HELP BESIDES WARNER
TESTIMONY ABOUT OTHERS RULED OUT ORGAN
IzISG THE BROKEN FIRM.

TESTIMONY ABOUT OTHERS RULED OUT ORGAN
IzING THE BROKEN FIRM.
Ferdinand Ward pale from confinement In
cell all summer, but exhibiting none OF tho trepida'
tion that Of less placed In his situation
would show sat within the bar in the Supreme Conrt
General Term room. yesterday with seven lawyers IN
confronting him. and continued his revela'
tions of the methods OF the firm OF Grant 81 Ward
under his management, so far az they related
to the question whether the assignment which ne made
TO william Warner should be set aside at the SUIT OF
George Holt subsequently appointed assignee Tor the
benefit of the creditors His brother. William s. ward
who arrived from tho West yesterday morning, was
among the spectators.
Charles W. Bangs, counsel for the Marine Bank ex-
amined Ward who said that there three accounts
connected with his transactions in the Marine
Bank. those of Grant Ward, Grant
& Ward special aud Ferdinand Ward He said
1850. The nominal capital was 100000 Al first the
firm had desk room In the onice OF DomnioK q DoSsr
It organized the firm had no bank account is busi
consisted Of stock speculatons conducted tnrousn
the brokers mentioned The books Of the rm showing
Ward declared that Fish contribute $4,000 but
ss S;sa til: 0VSs Sns lime slOiSS tsS'
contributed $50 600 He coud not tell whether he really
did The books showed that Fish oonLiouted IT'D
so. On July 20 James ID. F1sh's note for $4,000 was
placsd 10 the credit OF Grant Ward III the Marlno
Bank U g. Grant jr, paid IN $4,000 on June 80 IN
check drawn 10 Wards credit Ward said he had 80 900
| In the Msrre Bank when the firm began business lie
could not tell whether no had other amounts 70 ms credt
elsewhere. The books showed that u y Grant, jr, con.
tributod S2 900 In mining stocks aud Wards note FOR
$3.50 According the books Ward had contributed
$4,000 ia United states per cent bonds SSoeo In
! Railway bonds. $4,000 In United states per cent
bonds 1000 sbares OF Evening STAR mining soch worth
contributed four notes OF Wards for 600 mining and
railroad stocks worth $33 .0Oo aud $4,000 In cash
the g trm he contrbnIed 10000 Ward said that he
| conducted tho business OF the hrm, some,
times consulting with his partners lie paid
| he purchased on August 10. 1880. statement was
| handed TO Ward by Mr. Banga which showed that on
May Is. 1858, the firm owed 100000 to various per,
Some of theAe transactions were with tlsn hno
the Marine Bank and some with others including
Warner. Ward explained hs method Of doing business
to-day will give you sl3 35y tomorrow! Such trans
| notions propositions made by me ana ontereu
| here as amounts due these parties"
Mr. Bangs. readrhelanes OF j. N fappan Frederick ID.
Grant. w. w. smith. William r. Grace aud f. splcer 1r'
persons WHO had had transactions with the nrm An
| objection being raised by Lawyer H0rnblower, the
referee d that he did not consider II at all material
WAC persons were. other than Warner. wish whom
the firm had dealt whereupOn the tesiiinOny last taken
was strickon out on motion OF General Tracy, Ward
| said that % book kept In which contracts were
catered. They real transactions collection oil
ferrcd to existing which Ward said did not exist ny
all Some Of these receipts were 'ixned Frank Nooa'
Some were indOrsed The property OK James
| MCNamee."
ii Object" said Mr Alexander. " to the production Of
any evidence about people outside 0f this case; MT
Warner lakes tho whole brunt of responsibility himself
| as defendant In this ease"
| Mr. Bangs could not understand tho senS.tlveness o.
| counsel this point Hls further questions viii re
NanI 10 IL we're however ruled out The further hear
Ing was adJoarned TN next Tuesday at 1880 a. III