, 1891-07-11
Wanamaker Appears Before the
Investigating Committee
And Repeats the Story of His
Deals With the Keystone.
Bardsley's Statement at Last
Made Public.

bank, and the statement made by Bards-
ley to Editor McWade of the Ledger was
for the first time made public. 1t proved
to be a long interview in which Bardsley
again went over the story ofthe Keystone
bank and stoutly maintained that he put
$4,000 in the bank but did not know
what became OF it. Bard.ley said Bank
Examiner Drew had been a heavy
borrower from the Keystone and vas
completely under the thumb OF Lucas an1
Marsh. In regard to John Wanamakcr,
Bardsley said Marsh told him that wana-
maker knowingly held overissued bank
stock. He demanded 500. GOO for it aud
upset the plans Of recognizing the
bank. Marsh retained Supzberrer and
johnson As counsel aud they mali
a demand on Wauamaker. which he re
fused, proposing that the Lucas estate
should pay him $4,000. Marsh sos, 900
and The bank $4,000. The lawyers then
notified Wanamaker if the fraudulent
shares were not delivered hy a specified
date that they would resort to legal meas
uIes. The shares were then turned over
WITHOUT delay. Bardsley asserted that
Wanamaker had made a threat that he
would see Comptroller Lacey and have
the bauk closed before they expected a..
March II. 1890. Marsh came to him and
said Wauamaker wanted son. 900 at
once, ard Blrd.lcy let Marsh have the
money. Bardsley also talked a great deal
about his connection in the past with sew
eral prominent Philadelphians and blamed
them for the stand they had taken against
hiT.
Speaking Of the scheme 10 Get ras
works from the c.ty. Bardsley asserted
that Col Mcclure of tho Times was in il.
Mcclure vas to ret "A biz lluck Of stock
for his advocacy IN his paper. and WIS not
to pay a cent for IL Regarding payman,
of $500 to Hugh Mullen. Bsrlslry said
Mayor titl,r wanted Mullen appointed
mercantile appraiser. and VIM. NJ.
Slngerly Of the RecOrR wanted Richard
j. Lennon appointed tn the same pI,ch.
Afterwards Bardslry learned that Matt
Quay and the auditor general were push
ing Gen. Albert Crawford for the same
place. Tn" result wnS that uvurtu-rs were
made to S~ingctly 10 draw Lennon ont of
the hight and he vas promised, If len
o was taken out. that SlOO,nO5 safe
money would be depe slted in the Chest
nut Street bank This was done and
Mayor Filter got angry at what he claimed
to be a broken promise, Bardsley then
paid Mullen S5pOto redeem his promise
to the mayor.
Bardsley said B b Yard got a Great
deal OF Keystone money. He was in a
pool with iuca- and Marsh. and Marsh
allowed him TO ovrriraw his account $50
600, even when the run on the bank was
going on.
The remainder Of the statement was
simply a iong story of BsrdsIcy' 5 troubles.
containing no new facts.
Yard was then called. but did not re-
spond. his counsel announcing that his
case had been appealed TIE committee
INSTRUCTED tho city solicitor to take steps
u compel Yard to appear.
Then Postmaster General Wanamaker
appeared. lie said he never pledged
over issued stock after he was told that
It was over issued, aud it was out of his
hands at the time.
lie dill not know Yard and had never
met Mrs. Lucas hut once. Asked what
t]ransrircd between him and Marsh at
Washington, he said that Marsh asked
~ to assist the bank, aud he declined
Wanamaker said hl, firms balance in the
Keystone at the time of the run vas $40
900 and when it closed It was much
i1a ~ i"Nt alfhtN ltttlNEu from liEt
bank was about IA year before the bank
closed, aud the last discount was obtained
IN October, 1890 As to the story told
by Bardsley about threats to close the
bank and that lawyers comp,lled him TO
return the stock, Wanamaker SAID il was
absolutely fnls.. Granville Haines and
Samuel Il. liuey came to Washington to
see HIM about the over issued stock and
he told them they must Sc tile for it and If
they did not, IN justice - himself. he
would inform the comptroller of the
currency. After the bank closed he gave
up the stock, Bnrdslcv's statement that
Marsh obtained from him 5000, 600 for
Wanamaker IN March, 1890. was absc-
lutely untrue, without the slightest
foundation, and Wanamaker invited the
committee to inspect his books.
Wanamaker was informed by a mem
Der of the committee that during hen
examination o: the Keystone stock book
they found 300 shares of stock in his
name in addition to the 25I5 shares
which he testified hai bccn given him hy
Lucas to use as collateral tor "a t,pl in
Reading.
When ] appeared before ~ CON
mittee, > said Mr.. Wahamakrr. con
fined myself prize pllN Ia tive bu>i i.~s Of
AAC III NY 't.AlS "'Aa l4'ltt~ ia ItJs1u-
ing. | had in my h. al c1IIaih private
matters, but did not suppose tn com
mlttee wanted to hear of private opera
tons. Wanamaker then again referred
to the 2,5l5 shares which he hal held as
collateral end gave the committee a list of
those he hal turned over TO the Lrcas
estate. That some of those shares had
been at one time in his name he
did not state, as he had not used
them IN any operation. In regard
to the stock found in his name. CPS shares
of it, he said. was held bv Irwin K Toland.
his bankers. as collateral. This reduced
it to 1000 shares of stock. OF these, five
blocks of 200 shares each were dated
March 3,lSSG, and while issued in his
name the power Of attorney had never
been endorsed by him and they could
never have been used. The next lot.
five blocks. Of 200 shares each, were dated
four weeks earlier. He was a director in
the Grand Trust company aud Lucas
came to him and asked him to obtain him
a loan OF $4,000 on the stock. Il have
been Just foolish enough all nv life"
contlnued Mr.. Wanamaker, ito DO those
Things, and | got the money on the stock
and gave 1t to him. A considerable time
aiter"ard 1t was bald off by the Lucas es
tate and thevg got the stock back"
also presented the com
nittee with a letter from Lucas. MAY %.
1850 enclosing money to pay the interest
~ the loan of the other unused five
olocks OF stock, said Wanamaker. my
impression is that Lucas first intended to
ask Tor a larger loan and so issued them.
IL was never used, however, as it could
not have been without INV anJo~a.