New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-11-30

Ward SAID that T. II. Tobcy was "a clerk and go.hc-
tween ior Mr. Glace.' and produced Il ures 10 SHOW
with putin. iu $1,000, making $500 pruht on II 10y
september -, and keeping tie GOOD W"k going 10y clear
INK altogether fl33.39. L. g. Iobey, he brother Of L.
H. 4oucy had apparent ulDit "i T2JO3l invest
n.ert.. beginning with - 900 DcccmOcr ii. 1ss2,
S!% % io uuiS c sG as @ not pi Wad once mor. Went
over " =. Warmers account, showing profit OF
Sl35J.3G, Regarding published statement signed
" Accountant" setting torth that down 70 August !,
l--3. Warmers cash Investments with Grant & ward
I.'laro NJ warner had drawn out $1,000
Sy' S ccn MGIS hat Receiver bycs Should be forced to
puL. statement OF tAc affairs OF Grant NarI that
that Tie mucl-yuuutcd diary said by Plriu -tOn and
Fred Grant to he n existence should. with his check
Gccr,yer Davies said to TRIBUNE reporter last even
ing that hc wouli bc glad 10 answer any questions In
any part of receivers duty to prepare any statement
To- tho benefit OF the puh c No accurate 't3teen, oi
It's failure he made without building ny al entire
check books oi Grant ward aud OF ward individually
are tie only rcIhc books of original entry No regular
complete Gt of books kept by the frm AID while II
j. to mako statements Of the trlu-at tOns
Of dly uas with the firm by going through the check
rnn bc made uui OF books has been bHilt mp from
the check books. thought OF doing this shortly alter
being made receiver, bat my accountants then told me
check 'ii,'c books. particularly Of warl md;
mp these book, salts ictorly in addition they did not
sui,itptly familiar with the memoranda entries ~
Tho stubs 10 undertake. II at once. IL Wa H"l uhl
Ward was tried that obtained possession Of the las OF
then az once gave MI spencer my DoohHccPSF hrIruc
tiors 10 obtain tie necessary assistance hnd hud up
thi, set Of books om which am told statement can
bee made w'n tir} are conp.,yW tusI WIZ N!loN tuc
assets ana liabilities Of thc firm with substantial ac-
curacy at any particular date including the affairs OF
ward, which w"r9 constantly HlnFi3u F3 win win anu anu
not be di-tiu guiShcd from those OF the htm lhis
work VIII propaby rcqur' the labor or two or three
men for from thirty to siNty days and has been very
much facilitated by the work for particular purposes
GooEs since Ward', conviction However. Mr. Spcncer>
time has been entirely taken up by the proceedings N
the Uuitd states Court and ~ mo Irial OF the nt OF
Holt against Warner. I'm which my claims a. tie rc-
c,ycr OF Grant IL ward to the moneys ana property re-
"Ali the statements" we on Mr.. Davies, that Ward
has furnished me axe separate statements OF tfinsac-
made or attempted to make any statement that :c'ily
shows the condition OF the firm at any particular time
@ fhc Ei general fact Of tn" soycncy or insolvency Of tie
firm at any particular time more satisfactory state
mosc msG' In n''e' the testimony that Mr.. spencer
condition Of the Of Grant Ward Is substantially
bcmg stated though with the accuracy that could be
done If we had an accurate of books from which {"
draw of the trial balances. This statement. think,
fairly rcprcse.ts the reasons why have not been able
to furnish any general statement Of the affairs Of the
firm those interested in the estate but no creditor OF
the firm been denied all the Information In my
possession regarding the affairs OF the nrn npOn appl
cation"
u unswcrt the question why his accountants had not
soonrr secured Wards individual check-hOohs. forming
tbc n Mr.. Davies said: My account
nt have rrpca edly tried TO yet these books from Ward
bar he denied having them or claimed them rs private
proucrty while during a considerable part OF the time
c was prc paring statements for me which eventually
lot Then my funds have always been lnconsicfablc
and all the could employ have been constantly ca
aged on special work and have been really unable 10
kc M the books in the general way To which have
lurrd and there seemed TO be 10 reason why special
and prcss ing work, necessary for pending uugatOEs,
should be neglected for the preparation or the books
rclcrto This special work was on the various suits
pcudug claims to be ndludCacd ana the various legal
proceedings requiring Mr.. Spencer To he busy there
Why have you not pressed your suit rs receiver
against Mr. WarncrF
passed upon and my claims established Besides.
ns the title TO the real estate trans
fcrrcd to Mr. Warner is In Ward Individually,
II seemed better judgment To try tho case brought by
Wards individual assignee
Have you been seeking In any way 10 protect Mr..
Work Mr.. WarncrP -
have not been protecting Mr.. Work and Mr. Warner
I'm any respect" said Mr.. Davies decidedly. l GER
aiuly have intended to protect any body ana think
that have discharged my duties mprtlay receiver
with respect to all concerned In this cstctc.'
Mr. Davies said that Wars assertion that the Grants
had taken than they had put In wer3 not horne
ONT by the books '.The books" said he. show that
the statements already made public by the Grants arc
substantially correct
Mr. Work WAS also asked II he had any comment TO
make on Wards statement. lie said, regarding the
areS published showing that Mr. Warner Invested for
the first year more than he took out: 81 am familiar
with those figures and they undoubtedly show that Mr.
Warmers dealings were based upon a large Investment
of cupta entirely outside Ofany thtug which be received
from Grant ward" Ward had made the assertion thit
the - 900 which he said he had loaned to Mr.. warner
was the starling-point of the transactions