Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-06-12
THE PRESIDENTS REPLY.
HE REFERS THE KEYSTONE BANK
MATTER To THE CONTROLLER,

Who VIII Probably Allow an Examination
by Experts-The Remaining Indictments
Against Bardsley Wound Up-suits in
Equity Against the Ex-City Treasurer.
PHILADELPHIA, June '11.-The follow
ing is a copy of President Harrison's reply
to Mayor Stuart's letter of June 5 regarding
the affairs of the suspended keystone Ma
tional Bank:
Sir-I am in receipt of your letter of June
q, and In reply thereto beg to say: The Con-
troller OF the Currency is, under the law, in
immediate, and in large sense, independ-
ent control of all matters pertaining to ma
tional banks. Everything relating to the
examination of such banks, to the appoint
ment of receivers, and to the winding up of
insolvent banks is under his direction An
fo nm OF the relations OF his once i
therefore, disclose all that has been
done by the Treasury Department.
The Secretary Of the Treasury was absent
when your letter was received, but upon his
return this morning conferred with him
and the Controller, and a result of that
conference the Controller stated that he
would prepare at once full statement of
his entire action In connection with the
Keystone National Bank, of Philadelphia,
and would submit this report without delay
to the Secretary of the Treasury, who will
trduSInlJ u CODY TO you.
Your request that a committee of expert
accountants be allowed to examine and in
spect all the books, documents and records
of the bank has been referred to the Con-
troller, with the suggestion that, under the
advice of the District Attorney, the Receiver
permit an examination by proper repre-
sentative into all matters and accounts, and
particularly of accounts where frauds or IT.
regularities are charged, with such reServa-
tions of confidence as the interest of the
creditors of the bank or the ends OF public
Justice make necessary.
am sure you will find every officer of the
Governments, having any public duty con-
nected with this matter, desirous to CO
operate with the creditors of the bank in all
measures calculated to protect their inter
ests ana to hold to
' BsSJAS1N HARRISON.
In court to-day District Attorney Kinsey
said that inasmuch as the maximum pun
ishment of Bardsley for the indictments. ON
which he pleaded guilty would be so or 60
years, it would be needless to waste further
time in the trial of the other indictments,
and they were, therefore, submitted without
further evidence. On those indictments the
jury then promptly returned averdict of not
guilty. City Solicitor Warwick has filed a
bill in equity against John Bardsley and
others to restrain them from disposing of
tnelI UeIudHtoWu property. hcCcifcI
Yardley, of the Keystone Bank, filed sim
liar petition concerning certain promissory
notes.
A dispatch from Washington says: Mr..
Lacey, Controller of the Currency, has COM
pleted his report in regard to the Keystone
Bank, and will submit it to the President
this afternoon or tomorrow. A fact that
does not appear to be generally known is
that Bank Examiner Drew has been sus-
pended from duty pending the result of an
investigation into his administration, and
has been instructed to examine no more
banks in his district for the present.