The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-12-25
SHERIFFATT.E. wARD&C0S
SEIZED CASH AND SECURITIES ON
a CLAIM o S~5,5T6.o6.

The Concern Did n mtg business on Maretn
for CountrJ Stock Gamblers. nud mad sps-
ctni Rooms for womrn-ReorEnni1rd Artcr
n Run on II In the Buri market East summer.
Deputy shcrifrs went yesterday to both OF.
fees OF T. L. Ward & Co. OF 81 Broadway, and
1870 Broadway with an attachment for
S5,576.C6, obtained by II. Seymour scuycr. a
photographer Of Auburn, n. Y. Tho levy at the
main office was mndo by Assistant Deputy
Sheriff Leon Levy. II is understood that Mr..
Squyor's claim represents an account with the
former firm Of T. Il. Ward & Co., whose nc.
counts were assumed by n corporation organ
lied under the Same name on n West Virginia
charter. Breach OF contract isSalleged by Mr..
Squyer and the attachment was granted on
the ground that tho concern is q foreign cor.
p~oration.
The entire second floor at 81 Broadway Is &C.
cupied by tho concern as n brokerage office.
The rooms are deliberately fitted up and part
Of the roar of the suite forms n Ladies' Do
partment.' When Mr.. Levy camo to the Of
fee yesterday afternoon about Q O'Clock bupi-
nessrfor tho day had just ceased and n largo
number OF customers wero in the rooms. In
the cashiers drawer he found S759.25 In cash
which he seized and from Mr.. Ward he OBJ
tanned n wallet said TO contain securities of va
rious sorts. Money in tho Western National
Bank, Sixth National Bank, and tho Wells
rsuiBo. w.. punk W lit CTtult VI iIC III WAS
also attached and Mr.. Lcvy thought that with
what had been obtained at the uptown office
squycr,s claim. After the seizure the doors Of
the main office were locked. There were about
twenty-avo employees. mostly Young women.
u that |, int" the ss ghost spf hadn't EStc Walked I"S pay o's'
7. f.. Ward 4 Co. have had q Wall street
been Understood that Alfred Carr. who came
from Boston six years ago, where he was inter
csted in n concern under tho title of w. IL. Al
hertOn n Co.. was tho rCnl hacker Df the firm
7. +. Ward having only a limited interest.
Carr up to a few months ago had his office at
summer home at orange \. j. and Is the ownc r
/ f%tsa'" d y4 +. I. w SsG% Z nc co. s,'% %a IS % a large sssri "di
v%ertiser. and by its advertising y secured an
branch offices in boston and Washington. and
TIE consolidated Stock and Petroleum FIX.
Exchange on Jan. 81. 1895, for doing business
in a manner detrimental to tho interests of the
expired he sold his seat.
During the bull market that started last May
ports that the firm was in financial trouble.
Mr.. Ward made a statement In September that
the firm had paid out over $500 900 to custom
ued to DO rumorcd, however. that there was
difficulty in obtaining from tho concern money
corporation of i. i. Ward & Co. WI formed for
being organized with a capital stock of 81 900.
costs only 300 to organize a corporation CAPT
talized for any amount. To the customers of the
firm, 1t Is understood. was offered stock in tho
corporation. par value for the par value of their
claims. This stock could be put up as margin
on first speculative ventures. The customers
also received in addition. a corresponding
amount of the stock of the United States Gold
Mining and Development Company. which
Ward G. Co. Edgar d. Thornburgh, who said
he knew all about the concern, stated yester.
day that Carr retired from it two months ago,
getting q release from Ward. He had previous.
ly had a threc-luarter interest and had re.
ceivcd an income from the business of $75, 600
a year against $4,000 received by Ward.