New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-06-24
BARDSLEYS STATEMENT.
THE EX-CITY TREASURER 1MPLlCATES NJ
PROMINENT MEN.
HE HAD NO TRANSACTIONS WITH MR.. wANA-
MAKER. NOR ANY ARRANGEMENT
WITH MARSH.

WITH MARSH.
Philadelphia June 23.-The usual crown IN ~'o
Court of Quarter Sessions supplemented touas o'
many prominent men. Public expectation nsu o0S"
wrought up by promise that Bardsiey wouiu ii'Ao
full confession that would implicate men h'e" n
business and official life such expectations po
rronndless for Bardseys confession practically con-
tossed nothing that has not been made public ana
was in the line Of a defence, showing where every
dollar has gonc The charges to which ne mas pieauu
guilty of oaning the public funds at interest au W
speculating with them, he acknowledged out oeni'u
that he had benefited by his transactions Natonai
Bank Examiner Drew came In for severe SCORING
and Bardsey laid 1t to his door that nc SanA MS
money In the Keystone Bank.
After the testimony Of expert accountants bsus
ley's counsel, Mr.. Alexander, said That his cne"'
desired 10 make a statement TO the court n sum
mary OF this statement shows net balance uuo
the city of S1o1 ,061 go and net balance due e'e
state OF 81 oO2 100 a. madng total due the city ana
state of 81 1914 631 30. OF this $1.155,SOS 43 Is ac-
counted for leaving balance Of $35, 800 80. This
amount was many times overcome by the property
and claims made over to his assignee. Regardlhs
his transactions with the Keystone Bank, Barusiey
saId that he had an account with this bank Tor
many years. and well acquainted with its oicers
This was the active bank Of the City treasurer WHO
preceded him. and when he took his seat In January
1880 there was 81 100000 on deposit, 100000 In
excess OF the lawful amount On the day he took
his seat he reduced the balance In this bank TO less
than the legal limit Of s4OO OoO and thereafter Kept
a balance within the legal limit, except for three OF
four days. The transactions with the bank up 10
October or November, $780, were entirely SATISFACTORY
In November the bank for the first time unable
TO repay his deposits. lie asserted postvely uhdt
Mr. Drew should have known It's true condition, ana
had he communicated the fact to him, or even hnted
IT, he would never have permitted the city and Statc
and his own funds to have remained there Mr
Marsh stated to him that occasion during the
lifetime of Mr.. Lucas, Mr. Drew came to examine the
bank 1t was a week before the time ne was eA-
pected A messenger was at once Dispatched 10
Mr. Lucas who sent Mr.. Drew a note which caused
him to leave the bank and postpone the examination
There never was any arrangement of any kind be
tween President Marsh and himself In relation 10
money of the Keystone Bank, and he never en-
tertained the thought of leaving the city.
During the time he in the Office Of City Treasurer
he never had any transaction with PostmasterGenera
Wanamaker nor had he any personal knowledge OF his
transactions with the Keystone Bank. During the
mast two or three years he had never been In COM
Dany with either John Wanamaker or his son Thomas
b. except once when he called to ask Thomas b.
Wanamaker where letter would reach his father VINO
was with President Harrison on his trip to California
He understood he was to be sentenced on three
charges-loaning public funds, receiving interest on
public funds and buying securities with public funds
These three charges he admitted to be true Not
knowing there was any against loanhg the state
money he did loan through H. ii. Yard various sums
of money but unless he was sure tne security
was annie and so arranged the loan that the money
would be returned whenever it was required TO make
payments to the state Every dollar OF the money ne
loaned either 10 Glendenning & Co. or to banks was
returned at the times fixed together with interest and
all of this money both principal and interest ne had
paid over No part Of that money was now IN MS
possession II is he did receive interest on state
money but he knew OF no law which made IL a erme
been paid to the state or win be collected out Of his
assets 1t is true he did buy securities MIN plDiic
nnrfion Of the large amounts in his hands, with the
intention Of selling the same when relureu % hsn S
have ali been sold and the proceeds paid over togetr
with all dividends Neither The state nor uG .g, rdS
E the loser by reason his doing any Of these thngs
At the conclusion of Bardsleys statement District
Attorney Graham asked the court TO suspend sstc"te
ndn6nifev so as to allow the expert accountants 10
nmrsne their Investigations further. This the court
Agreed 10 and Bardsley was taken back to prison.
Sea Gft " j.. June % (speclaD.-Gdeon W. Marsh,
the runaway president of the Keystone Bank of Phia-
dephi is president of the Sea Girt Land and Improve
rnent Company and Henry B. Yard, who was arrested
RECENTLY in Trenton on charges connected with the
wrecdng Of the bank is secretary OF the company In
the process of improving a tract of land between
Spring Lake and Sea Grt, belonging to the company,
canal was built last year of masonry on ping Tor
drainage purposes The work obstructcd natural
waterway and land belonging to other parties was
flooded. Franklin Osborn got decree from the
NcwJersey Court of Chancery ordering the removal OF
the obstruction and directing the widening of the
waterway thirty feet An order was rturnable IN the
-Chancellor's Court in Newark yesterday TO show
cause why Marsh and Yard should not be attached for
contempt. Neither of the men was present ana they
were represented by counsel IL was sought TO De
shown that Marsh and Yard had transferred teT Stoc
To the Keystone Bank, and that therefore the bank
was i'm contempt. The Vice Chancellor said that the
decree ordered specific by the defendants ard that
that fact only would be considered 1t was then urged
that the decree had been performed not literally but
substantially. The order 10 SHOW cause was cCh-
tinued until July Z.