New-York tribune., 1885-07-11
WARDS QUEER CONTRACTS.
VAGUE AGREEMENTS WITH WARNER.
EXAMINING ONE THOUSAND or THEM-MnLLIoSs IN
v0LvRD.


EXAMINING ONE THOUSAND or THEM-MLLToSs IN
! George Z. Spencer, once cashier of Grant q
Ward. and A. W. Caswe the stenographer who Is bear
ing the burden OF the official reports of the Fsh-Ward
litigation were up to their eyes yesterday In the "aro-
Warner contracts There just 1000 OF them.
The cashier and the stenographer have been working
| with might and main for two days to tabula'e
and arrange the papers suitable manner for refer
ence w. s. Warmers stcnographer, f. +. Wood ident
fled the so called Wednesday and they were
marked for Identification but not put In evidence
perusal of the 1000 documents discloses many
things No printed form used In the gigantic trans
actions between Ward and Warner. but the contracts
were all written out the body OF them by Wooi, anu
letterpress copies kept Warner or Ward or worth
did the filling in. They all signed Grant x ward
by Ferdinand Ward. The early transactions between
Ward and Warner were on minor scale, ana were
partly nature OF pools in stock the kind not being
stated. OF this method OF business the following Is
sample from Warmers hand:
October IL. 2.
MrssRs GRANT & WARD 2 wALL-sr, NEw-YoRK
GENTLEMEN II have this day placed III your hanus
So OO0 to be used by you margin In certain sloeK
am garaneed by you the return OF the above amount ID
thirty days from date with interest at the rate OF per
per annum. and in addition thereto the eluna,
lent of 2Io per cent on each one hundred
shares say $500 and in addition thereto my pro rata
share of profits realized In such transaction OF ac
count This deposit to be q margin on 2Oo sRaies S Vi
stock. GkANI WARD
To this at the bottom OF the sheet attached these
words, signed by Ward:
Received So 900 on above TERMS ,,
A varied form, as follows, was next used:
Nrw-YoRg, Jan. 2, 1883
Received from W g. Warner 81 900 purchase an In
tcrest in certain pool transaction or account fepe
scutng profit OF $2l00 which sum, together with the
81 900 deposited above IA part OF the same trsac
tion amounting TO s9.100 we promise to pay 10 ine
said w. g. Warner or his assigns foryhve days from this
date due February III, 1881 - ,yn
Soon after this far study OF the documents mas
revealed tho to the Investigators the smonpure
" contract" business developed. The following
document IS example,:
NEw-YoRK March "a, 1888.
For voluc received tho bearer OF this memorandum Is
entitled to an interest which has been taken by us on
his behalf in certain contract which Interest oy he
terms OF contract there will due upon this memoran
dun twenty days from the date hercol ine sum Va
So 400 which hereby promise to pay to the Dearer
hereof or his order days from this date as
$500. GRANT WARD
To show who the bearer was the following due-pn OIL
the sheet at the bottom, Is an index:
March "a, 1883.
Due W. g. Warner on April 10. 1888. $500 on account
OF our contIact OF this date. 49,.
Tho theory OF tho examiners OF these papers j.
thai the 800 OF tho Ji00 represents Warmers pron,s
5.O00 which percentage the $500 OF the due-o
an additional tender. These three papers with some
simple receipts. samples Of the 1000 documents.
In addition the ninety Marine Bank checks given by
Ward to Warner amounting $Gl0i575 there are yet
thirty 10 be identified. which will swell the totai 10
about 90 O0OOO To Offset these there are, ostensoy
checks OF Warmers amounting to about S6,ooo'ooo'
which will leave Warmers profits apparently al
81 100000 Wards own statement makes the total
amount OF contracts settled with Warner
and the amount OF money put In by Warner Sl5, S2OSoo
leaving his profits at 81 2609 92l 81. The total sum In
volved In all the contracts is about S3O,OOO,00o