New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-04-15
f. WARD AS A CATTLE RAISER.
HIS SCHEME WITH & HASTINGS GRANT.
they WERE GOING TO RAISE CALVES AND MAKE
BurTKR-MR sPRNCEg's TESTIMONY.

surv WERE GOING TO RAISE CALVES AND MAKE
Bur1KR-MR sPRNCER's TESTIMONY.
The story of how Ferdinand Ward and s. Hast
ings Grant went into partnership to buy and raise
Jersey cattle and share the profits of cattle CALVES
and butter, Ward to supply the money and MT
Grant the farm, was told yesterday before Referee
earlier days of the young Napoleon OF Finance "
came out in the suit Of George e. Holt, Wards as.
gnee against Julien Dawes receiver %sr1 OF ntans
property, which he had enrolled as his ms
.n account Ssm.a known nsos ss sS sysso
H. Butler me Appeared spa SI' for Mr. Holt and b
HOrnblower for Mr.. Dawes George T.. spencer,
the former cashier of Grant 4 Ward wss again pu!
on the rack while Stenograpber Caswell suncrcu
with him. Mr.. Spencer testified that the hrst hot e
Of T. Grant on the account M ,n ana1 Arm OF nv A bm
np 't three notes Of r. WATSON aud this
was afteTward charged to the proht ana loss &c
count of the firm as the proceeds OF Wards lndl-
vidual accounts. There was no security WIN H.
Otis northeast Ayes SIR WATSON was de-
fsulting paymaster
Another u S. Grant. jr., note for 81 600. given
to Ward. was paid and Ward had promised
Another tf.u'" note Of W. c. Smiths for
S5.44s was worthless. This was secured by col
lateral which could not be found There were n0ies
for loans to C.. A. Sterling, 1000; Harriet Wa
ters. $1,000 collected q. W. AIerton: sZ:1300
(security rehypothecated g. n. Clute $2oo
(sbould have been surrendere0.
Q-On April "a, 1884 what did Ward dot AID
vaced him (Clute) enough more money to make tne ac
count $500 II came out OF Grant warns casu pooA
Other notes for small amounts were for moneys
advanced TO ii. II. Sheets, N. I. Ming. H. W.
Green Billings Wheeler 90. 600, ). X. SchWenck
lS1 OSO) W. H. Freeman, w. .. Elchell. ". D.
Steel secured by life policy, H. X. Ward aud wife,
s. Hastings Gran, $4,000.
O-I. there any security for that the s. II. Grant
loau) Ayes. on New. Jersey property.
Q.-Do you mean Now-Jerscy or Jersey cattle A.
Jersey cattle is another thing The S3,O00 the cate
account. -, ,.
O-What ia the evidence you have OF the security
ACMerely an agreement between himself tWard) ana
s H. Grant to show the profits on the transaction
O-Wbere are the cattle Al believe MI Dawes
has nnated Mr. Grants attorney that he would IKE
an Inventory as to how many calves they have got.
Q.-Iias Mr. Grant got charge OF the catteI A.E1cs
O-Where are they supposed to be An New-Jer-
sey. He has two places in NewJersey we nave
mortgage on both Of them. .,.,.
O-Iias this anything to do with the cattle at STAN
ford 7 A-No, sir some of those he had taken from
this herd Then afterward they put up little more
Jersey cattle for sale and TO make butter and one thing
and another and they were going 10 DIVIDE Tue proht
Ward furnished the and Grant was to furnish the
Other notes were those Of S. H. Grant and wife,
$4,000; j. F. Wright. $500 secured by insurance
policy NJ Josiah Roberts, 81 900, secured by chat
tel NOR gage Philip Winter, 1915 and $566;
Louis MunsOn, $266; {. F. COllet, $4S7; William
Sturgis SIS COO; Charles Benner 81 900; ID. r.
Doty. $1,000, secured by "some Of this Doty por-
Gus plaster stuff"
Q.-Has Doty got porous plaster Alt is not our
Dolly; 1t is another Doty.
Another note was that of B. w. Spencer for
"a ,946.