Evening journal., 1891-06-10
THEQUAKER CITY'S LOSS
Putting the Probe Into Phila-
delphia's Scandal.
JOHN BARDsLEY PLEADED GUILTY

We're adopted;
Resolved That we press upon city councils
and its finance committee the Importance Of
continuing the most thorough and searching
investigation until every infraction OF law and
breach Of honest management on the part OF
banks or other financial institutions or individ
uals in connection with the city treasury ahal
be fully made known, 20 the end that not only
such abuses may bo corrected and the offenders
brought 70 punishment but that the banks and
other financial institutions whose business &
conducted on sound and safe methods and in
accordance with law may be relieved from un-
just suspicion and that confidence restored
which is 80 essential 20 business prosperity and
the general welfare
The Controllers Evidence wanted.
Resolved, That we approve Of the action of
city councils ia requesting the president Of the
United States 10 cause thorough investigation
70 be made into the action Of tho treasury dc.
partment In reference 70 the affairs OF the Koy.
stone National bank, and In the further request
that the controller OF the currency be instructed
70 appear before the committee OF councils ap-
pointed 70 investigate the said bank. and
Whereas, II appears that very large sum OF
money belonging 70 the sinking fund Of the
1 city, amounting at this time 70 nearly Su000
\ Is now, and has been for a long period on dc.
1 posit In one Of the banks without yielding any
I revenue 70 the city Now, therefore,
The Money should Draw Interest.
Resolved That the city council, through rs
| finance and other committees, be respectfully
requested 10 make a thorough investigation
into the circumstances Of this fund 10 ascertain
the occasion for the deposit Of so large a sum IN
| a single bank and TO inquire into the propriety
| Of so investing the same as TO yield an Income
| TO the city. We would also recommend that in
terest should be paid by the banks upon an de.
posits Of city or state money.
Filling Denies the Allegation.
At the opening OF the session Of the
Bardsley investigating committee Select
Councilman Filing took occasion 10 reply
|. TO published statement purporting TO
have been made in an interview by the
private secretary of Postmaster General
Wanamaker. After quoting the words
ascrihed TO Marshall Cushing, the private
secretary, Mr. Filing said "rhe state
ment that have personal grudge against
Mr. Wanamaker or ever insulted him is
false. In 1896 Mr.. Wanamaker was inter.
ested in an elevated railroad bill, which !
opposed, because / believed Il my duty to
do so. In 1857 | was again asked TO be-
come a candidate for select council. and a
petition was numerously signed asking
me TO accept the nomination. Mr. Wana-
maker was az the time a resident OF the
ward, and the paper was am informed.
submitted TO him, but was not signed by
him. never asked him 90 sign IL. never
requested anybody to ask him 70 sign it d
Bardsley's Business Methods
Mark II. Davis, the treasurer OF Bartls.
ley's Bradford Mills company, testified
! that Bardsley for the past three years
had received all the money OF the
company. He turned over to him
as treasurer in 1889 a total OF sl5i 4sl
and in 1890 a total OF S256. 40 For
the first four months Of 1891 total of s34.
400. He also received in stocks sl63. .36s. So
making a total in three years Of S605, M S.
This money was deposited to the account
Of the Bradford mills and checked out.
some being used for the payment OF
Bardsley's individual debts lie supposed
all this money was that received from the
products Of the mill, and said it was $40.
00O less than he had received during the
three preceding years OF this sum $40.
83l was in the individual checks of Bards
ley drawn on the Keystone bank.
He Owned Most of the Stock.
Regarding the judgment executed in
favor of the Dobsons, Mr.. Davis said that
il was made on May 81, before the directors
OF the Bradford Mills company. Bardsley
Informed them that he wished to make Il
to the extent of his interest in the com
pany TO insure the DobsOns against any
loss they might suffer from being upon his
bond. Davis admitted that Barisley
owned nearly all of the 400 shares OF the
company's stock, and the rest was only
held by the directors and the officers 20
enable them to comply with the law.
An Odd Sort Of President
Henry Leonard Bardsley's private secre
tary, who was elected president Of the
Bradford mills after Bardsley Ind resign
ed. in order that the Judgment might be
executed, testified that be never owned a
share Of the company's stock. He acted
under Bardsley's instructions and claimed
70 know very little about the affairs of his
employer. James Dobson, when called
upon to testify, was accompanied by his
counsel, Richard p. White, who refused 70
allow him to answer any question relating
to the Bradford mills or the Judgment
which had been executed In his and his
brothers favor by Bardsley. The com
mittee will apply to the courts for a rule
70 compel the Dobsons to answer.
They Deceived Examiner Drew.
Charles Lawrence who was the assistant
cashier and bookkeeper OF the keystone
bank, and who is under SO. 600 bail. was
also called TO testify His counsel said Mr..
Lawrence would answer all questions
which would not criminate himself. or
Bardsley's relations with the bank he
knew very little besides the fact that he had
three accounts. He knew nothing of any
overissue Of stock, and never heard OF
Bardsley' clearing house due bills for $780,.
600 until he read il in the papers. He said
that both he and Marsh used every effort
in their power to deceive Bank Examiner
Drew. A demand will be made upon Con
troller Of the Currency Lacey for an order
to compel Receiver Yardley TO allow the
committee the stockbook of the Keystone
/ bank At the last visit Of the committee
to Receiver Yardley he declined to give
them transcript Of Bartaley's account on
the ground that there were several dis
crepancies in the account Of the state funds
that must first be settled
Bardsley Pleaded Guilty.
When Bardsley was arraigned to answer
to the seventeen indictments against him
he pleaded guilty to each charge with
tears in his eyes. A hearing will be held
In two weeks.
Frank Brenton, treasurer Of the defunct
Milward-Cliff Cracker company, which
was wrecked by paper fioated through the
Spring Garden National bank, has fled TO
avoid arrest upon charge Of conspiracy
made by 7. Broome Belfeld, one of the
directors Of the company. President Ken
uedy and Director Young, of the bank,