New-York tribune., 1885-01-04
Mr. WARDS TRANSACTIONS.
coNrEssING HIMSELF A THIEF.

GIANT IRIS TESTIMONY CONTINUED
,rarHrR PROOFS OF MISPLACED CONFIDENCE.
Colonel George Bliss, Charles w. Bangs,
vnsam b. Hornblower and ". A. Purrington success
s-e,v questioned u. s. Grant, jr, yesterday
Nefore Referee Hamilton Cole at his omce'
" 10 broadway, in regard to the transactions
~ Grant Ward as relating to the claims ofexsenator
Jerome B. Chafec, his father-in-law, TO securities
amounting to half million dollars which were In the
hands of the firm at the time of its failure. Mr. Grant
received their attacks composedy and answered "iho"'
hesitation He testified as follows:
Iaecided to make q general assignment and tried TO
Get the securities back before doing So MT Laroeqne
sad there would be objection to my taking them back
~ they did not belong to Grant Ward Mr. Ebert gave
me the key the box and said he was sorry ne hS 49, ~
&c, ant Of of town. number of people in our office
and found others claimed the securities ana na
the general fund and then make the assignment got
possession of them before made tne assgnIona, na a
for them and then gave him the Key nave receivcu
contract account from Mr. Ward aiter tne a'iute re-
corrected it and returned 1t to Mr. Pnrrington E hev
there were some pencilngs partly rubbed OUT iHcy @
were amounts of the checks This was a6"" an wI
Writing When paid money to Mr.. Chafee | drew
check my bank account in his favor ana oepoS''e"
" Mr. Purrington-Did You understand that your firm
of Influencing contracts with the Governmenti
Mr. GrantNo. sir We simply loaned money & TO 9o%dG con-
IN me by Mr. ChaIee due, that amount of my money
was transferred Mr. Chafees account ana ateT 'e
n n account of the contracts he simply gave
memorandum to the bo9kkeeper directing n 70 nd
from Wards statement OF the account that nav a1Um t
sSSSSS sSSSSS q Gy cSye sges put During
continuance of this contract business Pnt my
st owed me money besides owing Mr Chaffee's claim
WARDS CONFESSION.
When SAW Ward the next day after the failure was
,o,ng TO oneson him about the real STATE of affairs
Mr. Hornblower objected
Mr. Bliss-It is simply going to show Wards admission
n Mr. Grant that he had been imposing on them all
Mr. IIornblower-well, go on. don't object .u
syss na a6 wdGe he sd Sdt0b been Ve
great thief and rascal and had robbed me and every
Of my family and aS6 ehed'ea saa a' he Was what he
stated and that S only s9 ca bs nd, 50 late
November and he said he would have had TO ia 'neh
lie had not done So - -, o,nc into ,b,s contract
business have any idea of the magnitude OF tue trase
tionsi ,o. III vhen obtained 81 so 600
,ronsh my fatner to aid the Marine Bank did not un
dersand that its failure would ruin aa "s rc mot
an expert bookkcepe examined the books ssy p pc u"f
LOOKED at the surplus and that mounted up to very
large figure and my account was good one
MR.. GRANTS CAPITAL.
Mr. Bangs began the cross-exafnination 10
him Mr.. Grant stated that of the 100000
oor,,ol that he mt into the firm at the start
$4,000 was in stock OF the Evening Star Mine,
which he PUT in at $50 share and which
was sold at S35 few days after He put IN $4,000
in cash. and partly paid In three flour notes
for $4,000 given by Ward to him previously for which
the witness had given him the money. Mr.. Grant con-
tinued:
Ihad loaned 900 to Ward before and there was an
other block of Evening Star stock, which bought for
him ya gave him on 9e know SRey xhene e h m
bought not The Evening star was mine IN Lead
Ea various was specpiations SiS throush Ward don't
supposed to put in 100000 capital Isaw statement
that he made out aferward which objected TO- lie naa
less have seen Mr.. Fshs statement that he had put
in -four notes largely for his capital Ward said the
money was actually paid in. Ward rendered state
ment of profit aud loss monthly and the profits were
divided each month until December, 1882.
GENERAL GRANTS CAPITAL
When my father came into the firm he put in
10000 on November 1. 1880. and $4,000 in the
middle OF November or first part OF Decen6er ne TOOK
shares OF the profits. paid the first $4,000 Tor hn-G
r"e mart in cash and the rest stock OF the Metro
politan Elevated Railway Company which nao pousn'
for him when he was abroai
Mr. Grant related that the business of the firm con-
sisted at first of purchases and sales OF mining stocks
and afterward of railroad stocks, and added:
supposed at first that was going to IND opp0ahn
doing nothing was Of % PS d al 'Ie no ATTEND
to any business Of the firm My father and he were to
be limited special partners as undersood, DuI my
don't make any Pon Of ths anS Senera
Ward was the financial agent and the only one mat ha
clusively I bought some railroad stock Tor the
firm. Ward objected, and took it mysef IL resulted
in a loss OF $4,000. The result made Inc think Wad
Smarter than ever allowed my wife to use any
OF money at all in making investments Invested
my money for her. and always kept her in debt TO me-
She had no account with Grant Il Ward. since have
been married always allowed ber to draw any amount
she pleased gave orders at the Marine Bank, ana at
Drexel Morgan d Co.'S TO cash all checks drawn by hef
She had account there. After We were married her
father allowed her S12 900 year, and the last year she
had S27 from her Investments hare the TN box
vet IN ghch my stocks were kept have given up the
safe, have use Tor H. . .-
Mr.. Bilss-He makes distinction between having a
tin box and having tin Laughter .
Mr. Grant-Ward stated that he had an opportunity TO
invest mouey profit and that he had worked II up
aud he didn't want 70 take II away from hIii
but he would guarantee me and the firm and all who
went in. lie said there nothing that would reflect
on my father In contracts lie took me down in the
safe Deposit Company vaults, and showed me Ills own
box full 10 bursting of securities and said there was
81 100000 worth in II. I mot surprised because
he had told me year before that lie was worth that
amount. / believed him. 1 did Lot examine the
securities. He rendered any statements after
January /, 1883, either 70 my father or to me- l
looked at the books occasionally.
SARCASM WIT AND ARG UMENT
The Marie Garrison case was resumed yes