The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1891-06-10
THE BANKING FRAUDS
City Treasurer Bardsley Pleads
Guilty to All Counts.
RUMoRs OF a CONVENTION.
More About the Broken Keystone-Rus-
sell g. Co., the China Merchants,
Assign in New York.

PHILADELPHIA, June 9.-Before the sub-com.
mittee investigating Bardsley's affairs today,
Marx Davis, secretary and treasurer of the
Bradford mills, owned by him and Bardsley,
testihed that from January, 1859, to May, 1891,
Bardsley sent him $4,000 to be used in their
business. He had no reason to suspect that this
money did not belong to Bardsley, as in three
years Bardsley had given him s722 600 for the same
purpose. Charles Lawrence, ex assistant cashier
OF the Keystone bank, testified that he knew
nothing OF Bardsleys transactions with the
bank or the due bills for $4,000 given him.
Three years ago Lucas, the deceased president
OF the bank, called upon him to make some
alterations in his personal ledger to
cover overdrafts. From this time on
till Lucas death, he continued to
make the alterations, Lucas drawing checks on
the bank when he had no money on deposit.
Witness and Marsh made every effort to keep
from Bank Examiner Drew, by means OF false
entries, ETC., knowledge of Lucas deficits.
John s. Davis, who was offered the presidency
OF the bank, in the event of its reorganization,
and declined after an examination of Its affairs,
said that after learning about the Lucas deficit
which the bank people said was 10000 his at
tention was attracted by the names of persons
unknown to him, aud business men, who were
also credited with being indebted to the bank.
The sum OF this Indebtedness was about $780,
600, and when he asked who these people were,
he was told that the money should be charged
against the Lucas deficit.
John Bardsley, ex-city treasurer, was ar
raigned this morning on seventeen different
indictments, charging him with leaning money
as public officer, deriving gain from the de-
post OF public money, and converting public
money to his own use. He pleaded guilty to
every count Two weeks from today is set for
hearing the evidence, when the court will
announces sentence according to its weight
While arguing for two weeks delay, counsel
for Bardsey said he was preparing q statement
Tor Bardsey, and ii would take most of that
time TO get it ready. This caused a revival of
the rumor that Bardsley intends to make con.
fession of everything
NEW YORK, June 9.--Charles Naight & Co.,
-four commission merchants, assigned today.
Alfred A. Freeman, one of the firm, was also a
partner in the firm Of A. A. Freeman & Co., of
Lacrosse, Wis, and OF Freeman & Ruyter, of
River Falls, Wis, both large -four mills The
firm claimed a capital of 100000.
Russell IL Co., importers of and dealers in
silks, teas and coffees, assigned today with
preferences OF about $4,000
BALTIMORE, June 9.-The alleged shortage of
the late Jacob Bennett, secretary of the Roths-
child building Association, has caused Earnest
NJ. Bennett, son of the deceased, to
make an assignment for the bene-
fit of his creditors. Jacob and his
son formerly conducted a boot and shoe bust
ness together. The assignment, it is said, is a
precautionary measure. The receivers estimnte
OF the liabilities OF the building association is
100000 and the assets are about 5000 or $500
in mortgages and what may be realized from
Jacob Benefits estate.