The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1891-05-30
BARDSLEY'S DOINGS.
He is Arrested on Three Different
Charges.
His Dealings in Stocks Through GIendenning
d Cole Furnished stone for Philadelphia
From His Own Qnarries.

PHILADELPHIA, Pa, May 29.-John
Bardsley, city treasurer of Philadelphia,
was arraigned in court to-day to answer to
the triple charges of misappropriating
S39. 900 OF city money; the embezzlement of
100000 and upward of state funds, and
perjury in violating his oath of Office by
loan1ng city money out at interest
The district attorney said the books Of
the treasurer's Office showed balance in
the keystone bank of $600,0O0 while in fact
there was only 800, 900 there. In the cash
drawer OF the treasurer's desk were checks
ON the keystone for 100000 These
Bardsley took TO Bank Examiner Drew
and asked to have placed to his credit in
the keystone. A similar state of affairs
was shown in regard to money belonging to
the city.
District Attorney Graham asked that
Bardsley be hled on the charge of misap-
proprlating city funds, and it was agreed
to. The state funds matter was then taken
up, and 1t was shown that Bardsley had
loaned out the state funds at interest to a
number of bankers. Bardsley himself took
the stand and said: 81 did put the money
In the keystone bank, and will have to take
what the law gives me. l got as high as 4
per cent. Interest on the money. | depos-
tied the money and took due bills for it, as
is done every day, and when tie bank
failed | lost the money"
After it had been testified to that Bards-
ley kept private account in the Seventh
National, Manufacturers National, Chest
nut Street National, Peoples National and
Farmers and Mechanics National, Alex
ander held consultation with his client.
and decided he should tell the names of the
banks that paid him interest. Bardsley
said he had been paid interest by all the
above-named banks except the Farmers
and Mechanics
The district attorney rested his case and
said as he was unable to prove to-day the
charge of perjury he asked that it be con-
tlnued until June. Bail was fixed at $40. 600
on the charge of misrepresentation of CITY
fund, $50, 600 on the charge of embezzling
state funds and 5000 on the charge of per-
jury. 1T IS not expected Bardsley will be
able to obtain bail. Bardsley, talking with
detectives said: 81 tell you, gentlemen. I
have been in hell for the past six months
l thought things would come out all right
but they did not. and [ am glad the thing
is ended. President Marsh's action has
been great disappointment to me. He
should have been more courageous and re-
manned in town, but he has proven himself
coward by running away. I never had
thought about going away but will remain
where am and accept what ever punish
ment the law places upon me-"
The subcommittee of the finance COM
mittee of the city council which has been
investigating City Treasurer BardsIey's
accounts and financial dealings, resumed
work this afternoon. George HUM, of the
stock brokerage firm of Glendenning & Co.
produced the books Of the firm and memoir,
and showing that in 1890 Beardsley pur-
chased stocks aggregating in cost S45O,OOO
From Apri s, 1890, to February Is, 1891, the
firm borrowed from Beardsley the
enormous sum of $921,OOO. All of
this money, according to the books
of the firm, has been repaid
During the financial stringency Glenden-
ming Il Co. advanced Bardsley $3.50, 900. the
loan being secured by various stocks.
Bardsley wanted half a million, but thew
did not have it. He then began selling his
stocks and the market being weak. his
losses aggregated S95, $40. HUM testified
that at least 1866, 900 of the stock put up as
collateral by Bardsley was not bought
through Glendenning's house, thus show
ing Bardsley had heavy dealings elsewhere.
A city contractor testified that the stone
used on city contracts came from ouarries
owned by Bardsley.
Late tonight the prison physician was
summoned to Bardsley's cell and finding
him very i'll, recommended that he be at
once placed in the hospital, which was
DONE