Evening journal., 1891-08-21
CASH To CLOSE CHINKS.
Bardsley Money Filled Holes in
the Keystone Bank,
AND SETTLED UP ITS OLD SCORES.

u. u. Yards oyerdraft at One Time
Was Over ssi,O 900 and Part Of II was
from the Bardsiey BoodIe-H How Much
Did Honest John" Get Back.
PHILADELPHIA, Aug 2L-The Bardsley
investigating committee met in the after
noon Tor the purpose of receiving the re-
port OF Expert Accountants John HeirAs
and X. J. Whelan, who have for some time
been employed IN going over the books and
accounts Of the Keystone National bank.
a letter was read from District Attorney
Graham declining to present for publca-
ton the correspondence between John
bardsley ana Auditor General MeCamant
and between II. II. Yard and John Bards-
ley. He said that it might defeat the ends
Of justice.
| The Overissue Equaled the Real stock.
Expert Helms then presented his report.
He aud his associate divided the work. one
taking that relating to the stock Of the
Keystone and the overissue, and the other
the tracing of the sum represented by the
t945,oOo in due bills which John Bardslcv
claims he paid into the keystone bank
The report relating to the stock Of the
keystone bank showed that the overissus
equaled the genuine The report showed
just who had held the overissuea and ia the
list included that which had been held by
Postmaster General Wanamaker.
Receiver YArdIey Objects.
The report also contained list OF the
stockholders Of the keystone bank on
NOV. !, 1890 Jan. |, 1921, and March 20,
Il ba - a. tf....
| Expert Helms reported that from Decem-
Der, 1890, TO Feb. 1, 1891. a total Of 9.O7o
shares Of the stock OF the bank were
transferred. From March to the day the
bank was closed Ga shares were transferred
q letter was received from Receiver Yard
ley objeeting TO the making public Of this
list, and the committee determined TO CON
slider II in executive session, after which
they gave it out for publication.
Important Disbursements Made.
In the report relating to the S045, COO
worth Of Keystone due bills now held by
Bardsley's assignee, the experts said that
there was no evidence that the money had
actually been paid into the bank, but they
showed just how and at what dates the
money bad been received by the bank The
report continues; Important disburse-
ments were made by the keystone Nation
a bank during the period in which the
| S9ia,Oo0 WAS deposited hy Bardslev ana
represented by the due bills.7
10 John wanamaker. $50. 600.
The report then gives a list OF payments
! aud their amounts made BY the bank 10
J different financial institutions and per-
sons. Among them is the following:
March due bin No 1s 1866 issued to
John Wanamaker, by him passed to Erwin
q Toland and paid to Tradesmen's Ma
tonal bank through the clearing house
for 10000, Erwin s. Toland informed us
that they received the due bill from John
Wanamaher in the regular course OF bust
ness and credited il to him. At Mr.. Wan
amaker's request to a member of yonr
committee we called upon him and ho
produced his books Of accounts, etc, and
showed that he had borrow@ s5O, 600 from
the keystone bank on AHrch 10, 1890,
upon ms promissory note and received it's
| due bill therefor, which he passed to
Erwin & Toland; that subsequently he maid
the loan in two instalments, the last being
paid Nov II, 1890 Being Of the opinion
that this satisfactorily explains Mr.. Wan
amakers connection with the transaction
we exclude this amount from the footing
Bardsley Money as an Asset
After stating that a material portion of
the funds received from John Bardslev
were substituted for fictitious assets the
report continues; During several months
prior to March, 1890, the Bardsley money
had been counted part of the reserve in
the daily cash settlements, the reserve
being clearing house certificates for siOa.
0OO and national notes amounting TO $50
osS.41, total Of Sl86,02347 They were
absolutely iRse. The Bardsley money
being available as re1 assets these two
items were cancelled on March O. $780, by
further Justification and transferred 10
the due bill account as though applied 20
the discharge Of $4,000 Of the banks in
debtedness"
Yards overdraft Only @sI, ,43f.75.
In reference TO II. RI. Yard. who ia
charged with conspiracy with Bardslev
the report says: THE account Of II Ii
Yard, manager, was persistently over
drawn during 1890 until its elimination az
~, ,4sl. % on Nov. l8. From Nov. is untif
Feb. 2, 1891, IL remained unchanged as
80, 1'S2 p, Of which $4,000 was transferred
as a loan and the balance was increased to
SSl 1856 a2 on Feb. "a, when this sum WAS
presumably derived from the BardsIev
fund They also reported that in addi-
tion TO the overdrafts Of II. II. Yard there
were many others during the period un-
der consideration, and at the date of tho
banks failure the overlrafts exceeded
500. 900.
Nearly 100000 Have Disappeared.
The experts also said that they had been
unable to ascertain whether or not any part
OF the S945, 900 had been repaid to Bardsley.
The presumption seems TO be warrant
ed that considerable amount was repaid
10 Bardsley, and that further inquiry from
corresponding banks and bankers will re-
veal additional repayments for which also
the bank is entitled 70 credit OF the due
bills issued from March IS, 1890. to Jan.
81, 1891, for all purposes, nearly $4O0O 600
have disappeared that should have been
upon the files when the receiver took
charge. From Feb. 25, 1s90,to March 20
1891, the due bills issued to J6hn Baraslev
for all purposes so far as nowN known ex-
ceeded s., 500, O00"
The report closed by stating that the
general banking system Of the Keystono
was OF the most lax and loose nature pos
sible.
Knights of Pythias Get Prizes -
HARRIsBURG, Aug 81 II Prizes were
awarded in the competitive drills Of the
uniformed rank divisions Of the Knights