The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1891-07-11
His Transaction With the Key.
stone Bank.
JOHN BARDsLEY'S STATEMENT
His Interview With Editor NcLade-It 10
Damaging to the Postmaster-General
Yard Does Not Testify.

over the story OF the keystone bank and
stoutly maintained he put the $3.50, In
the bank, but did not know what became
Of il. Bardsley said Bank Examiner Drew
had been a heavy borrower from the Key
stone and was completely under the thumb
of Lucas and Marsh. In regard to John
Wanamaker, Bardsley says Marsh told him
Wanamaker knowingly held over-issued
bank stock. holding 500, 900 OF it. to upset
the plan for recognizing the bank.
Marsh retained Sulzberger and Johnson
as counsel, and they made a demand on
Wanamaker, which he refused, proposing
I that the Lucas estate should pay him
$50, 600, Marsh So, 900 and the bank s25, OCO.
The lawyers then notified Wanamaker II
the fraudulent shares were not delivered
| by specified date they would resort to
| legal measures. The shares were then
turned over without delay. Bardsley as
serted that Wanamaker had made the
threat teat he would see Comptroller Lacey
and have the bank closed before they ex
pected il. In March, 1890. Marsh came to
him ane said Wanamaker wanted 200, 900
at once, and Bardsley let Marsh have the
| money. Bardsley also talked great deal
about his connection in the past with sew
eral prominent Philadelphians and blamed
them for the stand they had taken against
him.
Speaking of the scheme to get the gas
works from the city, Bardsley asserted
Colonel Mcclure, of the Times, was in 1t.
Mcclure was TO get big block OF stock
| for his advocacy in his paper and was not
to pay cent for it.
Regarding the payment of $500 to Hugh
Mullen, Bardsley said Mayor Filter wanted
Mullen appointed mercantile appraiser,
and William NJ. Signerly, of the Record,
wanted Richard j. Lannon appointed to the
same place. Afterwards Bardsley learned
that Matt Quay and the auditor general
were pushing General Albert Crawford for
the same place. The result was overtures
were made TO Signerly 10 draw Lennon
out of the fight and he was promised if
Lennon was taken out that 500, 900 state
money would be deposited in the Chestnut
street bank. This was done and Mayor
Filter got angry q. what he claimed to be a
broken promise Bardsley then paid Null
len $500 to redeem his promise to the
mayor.
Bardsley said b. B. Yard got great
deal of keystone money; he was in pool
with Lucas and Marsh, and Marsh allowed
him 10 overdraw his account, s90, 900, even
when a run on the bank was going on
The remainder of the statement was simply
a long story OF Bardsley's troubles contain
ing no new facts.
Yard was then called but did not respond,
his council announcing his case had been
appealed. The committee instructed the
city solicitor to take steps to compel Yard
to appear.
Then Postmaster-General wanamaker
appeared. He said he never pledged the
over issued stock after he was told II was
an over issue, and il was out OF his hands
at the time. He did not know Yard and
had never met Mr.. Lucas, but once. When
asked what trsnspired between him and
Marsh at Washington, he said Marsh asked
him to assist the bank, and he declined
Wanamaker said his firms balance in the
keystone at the time Of the run was S10,-
600 and when IL closed 1t was much larger.
The last money received from the bank
was about a year before the bank closed
anu the last discount was obtained in
October, 1880.
AS to the story told by Bardsiey about
threats to close the bank and that lawyers
compelled him to return the stock, Wana-
maker said IL was absolutely false. Gran
vile Haines and Samuel Huey came to
Washington to see him about the over
issued stock and he told them they must
settle for 1t and If they did not, in justice
TO himself, he should inform the comptroller
of the currency. After the bank closed
he grve up the stock.
Bardsley's statement that Marsh obtain
ed from him $4,000 for Wanamaker In
March, 1890, was absolutely without foun-
dation, and Wanamaker invited the COM
mittee TO inspect his books.
Wanamaker was informed by q member
of the committee that during their exami-
nation of the keystone stock book they
found 3, 200 shares of stock in his name in
addition to isis shares which he testified
had been given him by Lucas to use az SOL
lateral for the deal in Reading.
"When / appeared befor the committee"
said Mr.. Wansmaker, 81 confined myself
-, .<-Fsk
deals with Lucas in Reading. / had in my
head certain private matters, but did not
suppose the crmmittee wanted to hear Of
private operations"
Wanamaker then again referred to the
2.5l5 shares which he had held as collateral
and gave the committee list of those he
had turned over to Lucas estate That
some of those shares had been at one time
in his name he did not state as
he had not used in any operation
In regard to the stock found in his name
OPS shares OF it, he said, was held by Irwin
and Toland, his bankers, as collateral
This reduced it to 2, 200 shares of stock
OF this. five blocks of 200 shares each were
dated March 3, 1856, and while issued in
his name, the power of attorney never had
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 Lucas came to him and asked him
to obtain him loan OF :, 600 on stock. II
have been Just foolish enough all my life,"
continued Mr.. Wanamaker, ''to do those
things, and got money ON the stock and
gave it to him. A considerable time after
ward it was paid off by Lucas estate and
they got the stock back"
Wanamaker also presented the committee
with letter from Lucas dated May 2S,
1856, enclosing the money to pay interest
on the loan.
"Of the other unused five blocks of
STOCK" said WanamaKer, my impression
is that Lucas at first intended to ask for a
larger loan so issued them. 1t was never
used, however, as IL could not have been
without my endorsement. l know Of no
other stock, but remember that ten years
ago, when Lucas was securing control of
the bank, he came to me and said he didn't
want the people to know whom certain
stock belonged 10, and for time placed
some in my name. In regard to certificate
$50 which was transferred by Yard to
Scudder and Durham. of Trenton, that is
part of the stock on which the loan from
the trust company was secured, aud after
Lucas estate got 1t back, it was very likely
passed over to Yard again to raise money
on"
Wanamaker then again went over at
some length his transaction in Reading, in
which Lucas was his partner, and said
when a settlement was made President
Marsh admitted, in the presence Of three
witnesses, that Lncas' estate owed him