The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1891-07-16
BOODLER BARDSLEY.
The Experts Make Their Report to
Mayor Stuart.
WHAT BECAME OF THE MONEY

How the City Funds We're Loaned
TO Private Individuals and In
vested in Stocks for the Benefit OF
Bardsiey - Detailed Report OF
Queer Proceedings.
PHILADELPHIA, July 16. - The ex-
perts appointed by Mayor Stuart TO in
vestigate the accounts of John Bardsley
have made thsir final report, in which
the disgraced ex-treasurer's dealings are
fully shown, With few exceptions all
the money for Bardsley's stock deals,
made through Glendinning & Co., was
secured by checks on the deposit of pub
lie money in the Keystone bank.
The total of the stock bought through
Glendinning & Co. amounted to $f02,-
732. .13; from William II. Kemble, $50,-
6s7.50, and that bought through the
Peoples bank, $l8,s50.
The recapitulation of losses through
Glendinning & Co. was $102, 739. 10;
through William II. Kemble, $50, ,9S7. 40,
and through the Peoples bank, $3.50
total of $l70, ,5G0.G3.
Bardsleys total gains on these stock
transactions were $50, 1868, and the
net loss was $l34, ,453. Gain on stock
purchased by Mr.. Bardsley, mainly
with money borrowed by him from the
Farmers and Mechanics National bank;
West Side Chicago Railroad company
1900 shares bought from Kemble,
Widener g. Elkins, S2,518.75.
The dividends and interest received
by him during 1899, 1890 and 1891 on
stock and bonds purchased by him with
public money amounted to $500. 90,
and the interest paid by him to carry
loans amounted to $l9,0G4.0l, leaving q
profit of 3d., ,405.99.
| Loans were made by Bardsley with
public money to Robert Glendenning g.
Co. amounting to $500, 900, which were
repaid him. He received from Glen
denning & Co. as interest on loans $i3,-
026.37. He loaned the Bradford mills
cash to the amount of 1915, ,7000.78,
which does not appear to have been re-
turned.
There are other and smaller loans
which were made by Mr.. Bardsley from
time to time to different persons. AS to
many of these loans there is at present
no means by which we can satisfactor-
lily determine which have been paid and
which have not.
With relation to the question of loans
to judges, Hon. Thomas K. Finletter,
either borrowed from Mr.. Bardsley per-
sonally the sum of 5000, or obtained this
sum through Mr.. Bardsley's indorse-
ment. The very small amount and the
further fact there is no evidence that a
loan was made out of any public money,
| proves the transaction to be entirely free
from any element of impropriety; nor
indeed, does there appear in the matter
anything which would reflect upon
Judge Finletter in any way whatever.
| The transactions with Hon. William N.
Ashman related solely to his salary.
These are the only judges with whom
MIR. Bardsley appears to have had any
transaetion whatever.
Memorandum on page 43 shows that
Bardsley received as rebate on adver-
tising in 1899, $l8. .2S9.04, and the entry
reads less amount paid to H. N. Graffin,
| $l4, ,293.04. One half to Thomas Nc
| Camant, 81, l4l.52; one half to J. B.,
| S7.1i4.42.
In 1890 the mercantile advertising
amounted to $i9, $500, and an item
showing a deposit to Bardsley's account
| of $11 10000, which n 40 per cent. of
the sum credited as newspaper balance.
The account between the state and
city is gone into very fully, and leaving
the due bills on the Keystone bank,
amounting to s0e5 900, out the total net
deficiency in Bardsley's accounts is
$5l3, ,S353S. With the due bills added it
is just that much more.
OF the due bills, however, the experts
state that they have well grounded
suspicion that they are not genuine, and
| to settle the question must have free
access to the books of the Keystone
bank.