New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-05-03
w. r. GRACES UNFRIENDLY CRITICS.
SOME OF THEM WILL PERSIST IN RAKISG UP THE
FERDINAND WARD MATTER AGAIN.

SOME OF THEM WILL PERSIST IN RAKISG UP THE
FERDINAND WARD MATTER AGAIN.
The political uproar around the heads Of those ex-
emplary Democratic reform headlights D. .. Till,
w. Il. Grace, William NJ. WINS a. Co., has stirred up
all sorts of gossip relative to Mr. Grace and his sing
lar adaptabity to serving as leader of REFORM
of Independence and like swect-soundIng words.
The American National Bank of Providence the leading
banko Rhode Island, with its 800 900 capital, is
looking with peculiar interest upon Mr.. The
directors OF the bank trembling on the verge Of
bringing a suit against the man whom Rollin Squire
deslgnates as the Peruvian saints to recover
100000 for paper to that amount discounted by Mr..
Grace or his firm in the happy days before E X.
Iohey took that historic pilgrimage to Panama in pur-
suit OF health which dragged him clean across the
isthmus to Lima, where he IS still supposed by tho
credulous to be looking aftor somebody's health.
When W. r. Grace went before tho United States
Grand Jury In tho days when William Dorsheimer was
United States District Attorney, he cleared his
skirts by swearing how that wicked "ccrkn Of his
had gone It all alone" in the Grant Ward business
for the sake of unholy gain Mr.. Grace walked away
from the Grand jury room smiling. Tobey smiled on
tho other side Of his face at indictment. Tobey
was finally let out bail and he won't at once IN
search of Peruvian bark as fountain Of grace
Tho American National Bank Is sceptical over the
clerR idea and IS threatening suit TO recover from
Mr. Grace az the principal Mr.. Grace has been
STAYING matters OF in the hopo to "come in' on
" general wndup" Of the Grant & Ward business. He
made determined effort to get order from the
court based on the consent Of all parties In interest,
to allow him to effect settlement through Walter s.
Johnston, the receiver ef the Marine National Bank,
who came TO this city friend OF Mr.. Grace, who
still remains on terms of friendship with him and is
allied to Mr.. Grace his brother Michael p Grace,
In certain business enterprises, although himself hav
ing the reputation of being thoroughly honorable
and conscientious man. One of the parties In inter
est refused polntbank to allow Mr. Grace to get of
In corner In the manner proposed in order to arrange
matters to suit himself and leave other creditors of
the bank or Of Grant g. Ward in tho lurch. Mr..
Grace brought pressure to bear to "bundoze' tho
recacitrant gentlemas into submission 1t is
question now whether the American National Bank
of Providence will bring suit. Mr.. Grace has been
trying to persuade 1t that It will get by not
going to law. Certain checks of Ferdinand Wards,
good for from 200 TO 400 per cent interest payable
to TObey and by him Endorsed and made payable 10
w. r. Grace 81 Co., have attracted the American
National Banks attention and II wants to know what
IL what.
status In this matter and he replied:
The suit against Mr.. Grace drought by Julien Il
Davies as receiver Of Grant & Ward to recover
$150000 IS still pending Matters remain Just where
they were two years ago.
william b. Hornblower, counsel for Mr.. Davies,
stated Just year ago that the suit against Me-
Grace would to trial in May of that year.