The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-05-26
Observation-Disclosures
THE STRING GARDEN PAID HIM IN.
TEREST ON DEPOSITS.

When the Collapse Came the Prssi-
dent Out of the Goodness of His
Heart Sent the City Treasurer SAT-
600 Worth of Collaterals to Cover
the Amount of HIS Private DEPOSIT.
PHILADELPHIA. Pa, May 25.-City
Treasurer Bardsley was still too sick to
appear for hearing to-day, aud the case
was continued until next Friday and his
bail fixed at S25,O00. Later he was
arrested upon warrant brought
here by State Attorney General
Hensel, charging Mr.. Bardsley with
embezzling S446,0 Of the states money.
The bail in this case was fixed at S25. 600.
If be gives the $50, 600 bond In the two
cases he viii still be kept under surveillance.
Two officers occupy room in Mr.. Bards-
iey's house adjoining his own. There IS no
news of Marsh, the absconding bank presi-
dent. .
THE SPRING GARDEN DEPOSIT.
A special committee of ths councils that
is investigating the city repositories met
again this afternoon. Francis W. Keune-
dy, president of the suspended Spring Gar
den Bank, testified that the bank had paid
Mr.. Bardsley from 81 70 A per cent. interest
on deposit averaging about 5000, ,000
This money was deposited to the credit of
John Bardsley, trustee; but the witness
understood that the money belonged "a the
state.
SURPRISING STATEMENT.
Kennedy made the surprising statement
that on the morning OF the banks suspension
he sent to Mr.. Bardsley $4,000 worth of
collateral, which covered the amount de-
posted in the bank to Mr.. Bardsleyis pri-
vate credit The witness said that he had
sent the collateral to Mr.. Bardsley solely
through the goodness OF his heart, because
MIR. Bardsley was in difficulties. Mr.. Kennedy
said that the bank had never paid any in
terest. on the city funds Mr.. Kennedy
testified that it was not only after Mr..
Bardsley was elected city treasurer that he
opened private account at the Spring
Garden bank, although notes of the Brad
ford Mills Company, Of which Mr.. Bards-
ley was the owner, had been discounted be-
fore Mr.. Bardsley became depositor.
ONE NOTE LEFT.
There is at the present time a note Of Mr..
Bardsley's for $4,000 among the banks
collateral. When the fact was called to Mr.
Kennedy's attention that he had sent
$4,000 to a man who was indebted to the
hank for SIS, ,000 he said that he must have
overlooked this fact at the time. Mr..
Bardsley was paid his interest on the ac-
count deposited to his credit as trustee
THE MANUFACTURERS BANK.
John H. Motley. president Of the Manu-
facturers' National Bank, testified that his
bank had allowed Mr.. Bardsley an interest
of per cent. on his individual account
which, however, he (Moffley) believed to be
state funds. This interest was afterward
reduced to 2 per cent. This bank also dis
counted Mr.. Bardsley's paper, and now
holds his note for 81, 500.
A number of other bank officials testified
that, although they had discounted Mr.
Bardsley's paper, they had given him nc
more accommodation than any other de-
positor, and had never paid interest
DUE BILLS FOR NEARLY A MILLION.
The finance committee of the councils
met this evening and were presented by
City Controller Thompson with list of the
due bills held by Mr. Bardsley from the
Keystone Bank Mr.. Thompson had re-
ceived the list from Mr.. Bardsley's counsel,
who holds the original due bills. There are
fourteen of these due bills, all of which were
given during the year 1890. and they aggre-
gate on their face S945, ,000 On one of these
bills there was a credit of $50, 600, leaving a
Eotal of 1925, 900.
After a long debate the committee
adopted resolution instructing the chair
\ man to call a special meeting of both
branches Of the councils on Thursday next
Tor the purpose Of electing city treasurer.
A The governor has nominated William Red
q wood Wright of Philadelphia to be treas
urer, vice Mr. BardsleY.