Evening star. [volume] (Washington, D.C.) 1854-1972, 1885-11-27
Warner and Wards Schemes.

FURTHER REVELATIONS BY THE BooKKEEpER
OF GRANT 4 WARD.
From the New York Herald. 2,ith.
An adjourned hearing was had yesterday be.
fore Referee Hamilton Cole in the suit OF Holt
against W. S.Warncr. Gen. Hubbard continued
the examination of Mr.. George T.. Spencer the
bookkeeper OF Grant g. Ward. The witness
gave detailed particulars of checks drawn by
Ward from May 1, 1877, to March 1, 1879 and
said that the stubs OF the check-books were
filled up with the amount of money entered,
but in lew instances was it specified what the
money was drawn Tor.
The witness then produced summary of
Grant q Wards special account with the
Marine National tauk from November II. $50,
To May ), 1854. This showed the deposits In
loans and discount notes AS Si1,25s, l1143;
the discounts an'.uniiDg to Sl52, S22.5.; the
checks TO ]. u. Fish not explained as Sl44, 49,
the profits paid Id the Marine bank and others
as 81 g 390.;5S. The total amount OF deposits
was SIS. 1875, Il S.S4. 1t also showed that Ward
got more than he repaid 70 the amount OF
S643, 50S.23, and that altogether there was
total shrinkage on this account OF 81 1854 :
O3I.1S.
la cross-examination by Mr.. Alexander, who
appeared tor Mr.. w. :. Warner, the witness ex-
rl;lined one of The entries which read, az. III.
Tobey-W. X. Grace $4,000" as meaning that
a check was drawn to Mr.. Tobey on account of
married. statement Of the stock account OF w.
S. Warner with Grant & Ward. Ii was from
total amount was sis2, 25s.s3. 1900 anu '"'
In reply to an inquiry as 10 who were the
principal depOsitorS with Grant & Ward he
mentioned the names of the late Chamberlain
1appan, Mr.. W. X. Grace. AIR. f. IL. Tobey and
MI. j. II. Smith. The moneys deposited came
for the most part, the witness said, from people
vino had made loans.
In reply to questions put by Mr.. Hornblower,
who represented the receiver OF the Grant a.
Ward estate-Mr. Julien i. Davies-Mr spencer
gave the particulars OF the purchase by Ward
Of the house No. 81 Pierrepont street, Brooklyn.
He said that the first payment for the house
was by cneck. dated August 10, 1850, for
$1,000 and on September 2S he gave cheek
for $3S 900. Mr.. Spencer produced the checks
and showed by the check books that the money
which these checks represented was largely
taken from the firm OF Grant & Ward
and was capital deposited by the
Grants. This money was transferred TO
Wards own individual account, and
the exact amount thus transferred was about
S46,OOO. In the course of his explanation he
said that in this transaction was the repay
ment OF a loan made by Mr.. w. II. Grace 10
Ward OF S17,5OO. This loan was made In May,
1850, and was repaid August 18th, 1885, and
the interest paid was $326.25. As far rs the
witness had been able to find out by the books,
there was not anything in them to show that
either Ward or J.. u. Fish had up TO that time
put any capital into the firm. On the 18th of
March, 1854, Ward raid of mortgage on the
house in Brooklyn of S2O, O14.9O. At that time
Ward was enormously In debt to the firm
certainly, he said, over 81 100000.
The further hearing was adjourned to to-
morrow fEridayl