The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1885-04-02

a. d0n't seom i0 mo that
I.I. srfT good s1rurily shouldn't
rlFafi that as VarV good Heourli v
fpr your money aud mlno. a
mtu that has taknn contract
and cAu't pay inr his horses and his
Htthm engine aud biz piokH, otu., aud sO
un, caut b. very good security
for munoy, Oh, but he say =,
wO can keep tho contract In our possess
Oiiice, The road, ha said, held back
10 Per cent until tho work
WIS done aud he paid the contractor for
every subdivision, That IN tho way he
explained II, and l supposed he was
moro Of business man than l.,
There was one occasion, which / think
must have been ia 1851, whom We went
o oIa in t 80 WINES Western Psa aP
We had Especial car. Ward was with
the party, but no was not
discussed, that knew Of,
at all. Col. Grant was
along, and there was Mr.. Fish aud
Ward aud James Il, Smith, Mayor'Ed-
son aud j, Nelson Taper and tho
treasurer uf tho road, Mr.. Spencer.
Q,-Did fl.h conysrse AZ all about the
business oi Grant * Ward?
u
lnaue n remark 20 the oIioct that Ward
was mRn OF wonderful ability-won-
derfnl business capacity, or something
like that and Fish said no had never
got anything no good Ia his llfo before.
Q.-Iuu did not draw from the iirm
al Grant d Ward tine profits which you
were led 10 suppose hau been nader
Ans.-Nc, dir, / did n0ti left them
thOro with tho concern, and everything
4
got il ont. had some
little Items, but dou't know
what amount Thura were pur-
chased some Of them Tor me
wlsh the money OF the firm,
that wero the profits OF tho hrm, nut
yhdy never were purchased by me, ano
! was charged with the purchase of
thpm.
Q.-You drew, understand, from tho
iirn, ut the rate Of $4,000 por month
during the year 1888?
Ans.-Yss,
Aud at tho rate Of $4,000 per month
during The early part Of 1882
Ans.--Yes.
Cup u the time of the failure!
Aus.-Ios sir.
Q.--ARu that was the limit OF your
drafts upon the tirm2
Aus.-,rhat was the limit of my drafts.
Q.-As understand IL, Gen. Grant,
cvarJ thing you had was lost in the fail
Ury OF that firm?
Everything had in tine world
went. Ward came up here on the
sunday night before the fail
ure and asked me to go
down with nun and see Mr.. lNeow%coomo,
TO 500 If no cOuldu't get $3.50 600 from
him, stating that no had himself raised
$4,000, ana that II he could raise $780,
UJO IL would carry tho Marine
bank through; that we had
S66OOO) in the Marine bank, besides
81 800 600 in securities in our vault;
tuag we should be Inconvenience
very much If We could not carry the
bank through, and no said
s sna 5 nf5i'o if O'nf t T Sad SCUM timt
TO collect in or draw little OF it's time
loans. 1 went there with him
aud Mr.. Newcomb was not az home,
aud no asked me If L knew
VIM. ii. Vanderbilt well enough to ask
him, and Oh some little hesitation said
uld, and Vanderbilt loaned
10 10 NE without hesitation.
lie said to me that he was lending this
TO me, and that he had no recollection
of ever having done such thing
before, but that ne would do il for me.
Well, that has taken all the remaining
property had.
Q-rhe representation of Ward to you
was that your firm was IN danger on &C.
count OF the critical condition of the
Marine bankP
Ans.--Yes, sir. He said that we had
81 100000 Of unpledged securities in our
vault.
Q.-Now, did Fish,a any timo during
the spring of 1884, communicate to you
any distrust on his part of Ward?
Ans.-No sir. ii he had, j SHOULD
have been ready to take 0istrust,
Redirect 10y deiendauts counsel:
| had no dlstrust of Ward the night
before the isilure-not the slightest.
Aud L recoIiect that my son, U
). Il Grant Gran jrY AFT AFTER the IA, failure,
had no doubt he would come OUT
right, for no had such a.
brother, VIII Ward, That he did not
MIN to do a dishonorabie act.
IL took me "a day or two to thine it posi- |
bic that Ward co Id commit the act.
Exactly what WAS it according to
your present recC lection, that Ward
said on the Sunday before the failure,
IN respect TO the securities Of the firm
ia the Marine bank?
Ans.-Ho did not say he had any Sc
lurilies in he Marine bank. He spoke
about our own private securities. the
way | understood il was
that we had Sl,3U0,0OO in our vault ana
had several hundred and odd Thousand
iVllar4 in money in the Marine sank.
Q.--That was Wards statement ON
,hrt day2
Ans.-Y es, SIR.