Savannah morning news. [volume] (Savannah) 1868-1887, 1885-10-18
A PLOT TO RUIN GRANT.
WARD SETTLES a DEBT WITH A
WORTHLESS $500 CHECK.

The Marine Bank Made His Debtor by
this LittIe stroke of Financial DipIo-
macy-W. $. Warren surrenders and is
BAiisd In 100000. He Is, or Course,
Btissfully Innocent.
NEW YORK, Oct. 1.-THE mysterious
VIM. S. Warner, who secured most Of the
funds Of the bankrupt firm of Grant e
Ward, surrendered himself to United
States Commissioner Shields this morn
ing, saving that he understood there was
warrant issued against him. The deputy
marshal watched his house last night, but
was unsuccessful in finding him. 1t is
generally understood that for weeks past
Receiver Johnston, of the Marine bank,
has been investigating the dealings of
Ward with the bank, and he brings the
present suit TO recover moneys which he
claims to be due to the bank which Warner
is said to have illegally obtained. Warner
claims that h. had no dealings with the
Marine bank except to draw money upon
checks paid him, and that he never mad
any dealings with the firm of Grant 81
Ward except to buy it's obligations over
the counter. Warner brought bOndsmen
TO court with him, and said that he would
give bail in any amount that might be
required.
TEE AFFIDAVIT FOR THE ARREST.
The affidavit on which the order of ar
rest was issued was made by United
States District Attorney DOrsheimer In
it be said he was informed by the books
and records of the Marine National Bank
that on certain days between MAY 1. 1884,
and May 8, of he same year, Ferdinand
Ward, an officer and director of the
Mar ne Bank, misapplied large sums of
money out Of the funds of the bank for his
own use, and that of William S.
Warner. The sums thus misapplied
amounted to $50, 1856. 75, and this sum was
taken according to the affidavit to iDjure
or defraud one U. S. Grant, now deceased,
and William II. Vanderbilt, each of
whom was residing in this city. Ward
had, prior 10 May l, 1884, been keeping a
personal account with the bank to which
was charged various drafts made by
| Ward on the bank, and in which account
were entered various credits Ward be-
came entitled to by reason of deposits
made in the bank by him for his benefit.
WARDS MUDDLED BOOKS.
At the opening of business Nav 9, 1884,
this account was in such condition that
Ward was indebted TO the bank $l39 1886. 70
for which the bank had no security. In
apparent reduction of his actual indebted
ness, however, Ward had caused credit
to be made to his personal account under
date of May 3 of $50 600 by causing a de-
pOsit TO be made to the apparent credit of
that account of his own personal check
for $4,000 drawn by him on the First Ma
tiOnal bank. Ward knew that this check
was not good, not being drawn against
any money belonging to him in the First
National bank, and was not paid by the
latter on presentation and yet remains
unpaid. By the deposit of these
checks and the apparent credit
M
account was put in such condition
that Ward stood indebted to the Marine
Bank on May ), 1894, in only the amount
OF S59,33 70, whereas he was actually in
debted TO the Bank to the amount of
$l39,336 70.
vANDERBILT's CHECK.
On the morningot May ), Ward, having
by various false and fraudulent pretences
and representations, obtained by U. S.
Grant possession of check OF
William Il. Vanderbilt, drawn on
the Lincoln National Bank for
$l50,O00, wrOngfuily and in fraud caused
the check to be deposited in the Marine
Bank TO his (Ward's) personal account.
This check was fully paid on presenta-
rion, aud the credit of the amount to
Wards account became fixed and final.
This deposit made by Ward to his account
made him appaI emily a creditor Of the
Vihi AhC A'Ahh va nA oy - " lAC dLiuuub VI
$90,663.25, when he was in reality a cred
itor Of the bankto the extent of $40. .663. %,
as it is charged Ward well knew. Ward,
on May 3, 1884, directed TO be paid to
William ). Warner or his order the sum
of SSl, 900 by the Ma inc Bank. The sum
Of $50, ,336. 70 was paid the latter on May ;
out of the funds OF the bank and not out
Of moneys belonging to Ferdinand Ward.
NO VALUE RECEIVED.
Warner, it is asserted, was not entitled
to the money thus received, or any pOr-
ton of it. The affidavit goes on to state
that the authorization given by Ferdinand
Ward for the payment OF the money mem
toned was for the use and benefit Of
Ward and Warner, and was done with the
intent TO defraud us. Grant, now deceased,
and William ii. Vanderbilt, and that
Warner throughout the whole proceeding
assisted Ward in the preparation of a
swindle. the examination was set down
for Thursday next, and ball fixed at S20,-
600. Warmers counsel produced two
suretes, who qualified in twice that
amount. They were T. Bates Musgrave,
a banker OF this city, and Tracy T..
Roberts, retired merchant Of Brooklyn.