New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-09-08
WARD-WARNER CONTRACTS
MORE TESTIMONY BY THE rINANcIER
DEMAND FOR PAPERs-oLD OBLIGATIONS CON
soLIDATED-QUAsI DUE BILLS.

DEMAND FOR PAPERs-oLD OBLIGATIONS OON-
soLIDATED-QUAsI DUE BILLS.
Warden Herman and Ward the keen one APP
reared simultaneously yesterday In the General Term
room of the Supreme Court. Ward once more threw
light on the Ward Warner contract business The nrs'
snag In the smooth among the millions was struck
when General Hubbard wanted to know what was done
about the following sums$6i0,00O due March J. 1854
100000 due March O; $4,000 due March 20; 100000
due March 20, $4,000 due March 81 total SlOooooo
You said, Mr.. Ward" General Hubbard stated that
the same disposition was made of these sums due Mr.
Warner VIII you state what that was ~
Lawyer Alexander objected strenuousy. Thereupon
General Hubbard demanded the papers TO prove tho
transaction. Mr. Alexander said that General HubbardS
rcqustion for papers had been 30 long, complicated and
indefinite that he did not know what papers were
wanted the quantity OF papers In his hands was so
enormous that Mr.. Alexander wanted some tangible
demand. Hubbard asserted that ex-Ju dge
Green Mr. Alexanders partner. had objected az lrst
that the demand for papers wac too short ana the COM
plant that it too long INT Alexander promised
faithfully to look for hepapers and produce them this
morning Ward then said that he had given new
obligations 70 Warner for the whole $1,n00000.
General Hubbard-Whas was the date OF the new
Ward-The dates varied .,
General Hubbard-You say the old obligations were
consolidated into new When was that when due
Ward~There were five sets OF obligations, dated
Geneia al Hubbard That was after the failure
Ward-Yes They we've delivered 70 MT warner.
General Hubbard-Were they returned to you
Ward after ponderins)-In part; some OF them were
coupons.
Nj. Spencer ex cashier Of Grant 4 Ward at General
nubbards request got out supply q cou ons ana War9
O. Ward could not tell whether they We part OF the
s140 900 obligation because he ignorant OK how the
S Ward
cay that the coupons not part OF the SlOOOOOO
obligation Mr. Alexander objected to this form OF testi
mon Handwriting Warl'a dealing with unidenti
fled sums and transactions was not sufficient evidence.
paper two feet broad and SIX inches deep Ward
declared contained figures showing the sums dne Warner
IN the five sums already given The coupons calling Tor
the interest due the i've sums making 100000,
called for 20 per cent each month from April TO and
fraction Of the 600 we're due Mr. on the
10th Of each month from May 70 october 1851, as
follows $4,000, $4,000 $4,000, $4,000, $1,000.
paid Warner Ward testified amount being go 900,
Of which Warner renyested $4,000 getting check Tor
$4,000.
In the midst Of the great profits accruing 10 Warner In
accordance with the operations OF tue Ward patent
process Warner came IN sporadic contracts. one
sum OF $4,000 put In April 10 was set down In tle
books for increase 10 $4,000 on OCTOBER ~ 1854
the crash spoiled the face OF this contract
Regarding the transfers OF property made by ward 20
Warner on May Z, 1884, Ward said There were out
standing obligations due Mr.. Warner which be gave 10
me IN lieu Of certain deeds OF property on May gave
them to Mr. shepherd then my counsel ana 'ney were
aferwarl sent to me-"
OF these obligations for which deeds OF properly were
given a. equivalents, Ward testified was $3.50
General Tracy, Wards counsel In the criminal pro-
ceedngs for grand larceny kept an eye on the nnbncer
oil day yesterday The hearing goes on to-day When,
Il IL said some phases Of the Ward warner con
tracts will be brought out. stormy scene between
% be one OF the causes leading to the transfer OF
property Testimony this point Is looked TOT today