The National tribune., 1885-10-22
WIN. S. WARMERS ARREST.
Ferdinand Wards Friend to Have Hearing in Court.

fefdlnanu Nards Friend 10 Have hearing In court.
Few financial collapses have ever occasioned
more gossip than the ri gantic failure of Grant
& Ward, in New York, some Is mouths ago..
The crooked ways of Ferdinand Ward. and the
manner in which he SO perfectly hoodwinked
Gen. Grant and Others, have scarcely parallel
in the annals of rascality. One of the mys
FERROUS persons connected with Ward in his
operations was William S. Warner. 1t was
Wards failure that dragged down the Marine
Bank. For more than year Mr.. johnson,
receiver of the latter, has been trying to find
out what became of large sums of money which
were traced from Ward to Warner. His efforts
eliminated in the issuance from the United
States Court, last Friday, of warrant for the
arrest of Mr.. Warner. The affidavit on which
the order of arrest was issued was made by
United Estates Distrct-Attorney Dorsheimcr.
In it he said he was informed by the books and
records of the Marine National Bank that on
certain days between the LIST of May, 1884, and
the 9th of May of the same year, Ferdinand
Ward, an officer and director of the Marine
Bank, mlsappiied large sums of money out OF
the funds of the bank for his own use and that
of William S. Warner. The sums thus misap-
piled amounted in all to $40 1856. IS. and this
sum was taken, according to the affidavit to
injure or defraud one Ulysses S. Grant, now
deceased and William II. Vanderbilt. The
theory on which this charge is supposed to
proceed is that Warner was conscious, that
knowingly took money belonging to the Marine
Bank when he accepted the checks on that
corporation.
Another phase of the proceedings is based
on the famous transfers Of property by Ward to
Warner on the morning of May 1884, the day
after the failure. Ward has testified that he
was so lost to his usual lfpossession the night
before that, under the influence of Choral and
barely knowing what he did, he transferred to
Mr.. Warner personal and real estate amounting
to about 100000; this included lots in Lewis
avenue, Brooklyn, worth 100000 the house
No. 81 Perrepont street, Wards home $4,000
a half-interest in the Booths Theater property
and property in Harlem and elsewhere, worth
$2S5000; and the Connecticut property, $780,,
600, besides personal property worth $l70,00O
In return for these deeds and transfers Ward
received from Mr.. Warner $56S 900 in Grant &
Ward obligations on profits" The present
proceedings on Mr.. Johnson's part seek the
recovery of all this property on the charge of
duress, usury, collision and fraud. 1t was
stated on good authority that Mr.. Warner was
not the only one against whom Mr.. Johnson
had proceeded; that other orders of arrest
had been issued, and that deputy marshals
were abroad seeking the objects of those.
The indications pointed to some, at least of the
directors of the Marine Bank.
During Friday afternoon and night the Off
GERS were looking for Warner, to serve the
His friends said that upon his return, as soon
as he learned that warrant had been issued,
he would voluntarily surrender himself. Mr..
Warner, in accordance with the predictions
of his friends, appeared at the United States
Marshals Office at II a. m. Saturday. He was
accompanied by his attorney, Mr. MacLean, and
James G. Janeway, of Alexander & Green, the
counsel of Mr.. Warner. Mr.. MacLean informed
the Marshal that Mr.. Warner understood
that an order of arrest had been issued against
him; that he had come voluntarily to ascertain
what truth there might be in the rumor, and
that he was prepared to furnish bail for his
appearance for examination, if desired. The
gentlemen were informed that warrant was
out charging Mr.. Warner with collision with
Ferdinand Ward in defrauding the Marine
Bank, Gen. Grant and William H. Vanderbilt
of money on transactions in connection with
the firm of Grant & Ward. The examination
was set down for Thursday next and bail was
fixed at $4,000 Mr.. Warmers counsel pro-
duced two sure;ies, who justified in twice that
amount They were T. Bates Musgrave, banker,
of New York, and Tracy +. Roberts, retired
merchant of Brooklyn.