The Indianapolis journal., 1891-06-24

city and State, SIS, 50. The statement,
continuing. says
This accounts for all Of the money intrrsted
This amount Is many times over covered Dy the
property and claims I have made over TO my
assignee, all Of which Is subject TO the disposi-
ton OF the city and State.
TRANSACTIONS WITH THE KEYSTONE.
REGARDING hls transactions with the Key
stone Bank Bardsley said:
This was the active bank of the city treasurer
who preceded me, and on taking my seat on tho
frst Monday in January, 1ss9, there was ST.
On ~ % IA e,ssSs rnesd ~ the tbs
balance In this bank TO less than the legal limit
OF S40O0o0. AMI thereafter during the time
legal lIniit, except for three or four days The
transactions with this bank from Jan. i, 1889,
the time took my seat up TO October or No
during the panic was applied 10 by the bank
for assistance but could give none. About Nov.
Ircubs w lee Of se
bank one hundred bonds OF the Baltimore
Traction Company of 900 each TO
1ng-house. where he did use them and
obtained loan for the bank. These bonds. or
their face value, were 70 be returned TO me In
few days, but never. were. The president ap
piled TO me In the spring Of 1890 TO make other
deposits. complied, and during the year 1890
deposited with the eank $9A5, 1000. OF this
$945. 900 only 500. 900 was returned TO me.
About Now I. 1890, notified the bank that
on Nov. 26, 1880, would have to call on them
not abe 70 collect the 10000 nor
any part thereof, nor have been able since 10
smoant i sti IN the saDk or Il should be there
have been asked why do not know what the
Keystone Bank did with the 1925 900 deposited
reply, never knew Of q case OF depositor ask-
ing the bank officers what they proposed doing
seed % n bs panF uSsn shsrs 1as No ssScion
Of insolvency or doubt about the bank being
good, and even the members OF the clearing
house committee had no suspicion Of the true
During all these months, and especially during
December. Bank Examiner Drew made many
Philadelphia was safe and solvent and that the
people need fear nothing During the fall or
1890 he assured me time and time again that the
Keystone was all right and In q good condition
as any other national belk I'm Philadelphia In
proportion TO the caIital and surplus-
tect the interests of the city and OF the State.
when the true condition Of the bank was ascer-
tanned was, with everybody else. astonished that
bank, and 30 expressed myself 90 President Marsh,
who said he believed that Mr.. Drew did know all
was under obligations S to Mr.. Lucas and himself,
also, for money borrowed. he, the president,
thought that Mr.. Drew wanted to assist the bank
of Mr. Lucas's death he tMr. MsrshJ had taken
out OF Mr.. Lucass drawer q promissory note or
and that he sfill held them and % with what had
been loaned him up TO date the same amounted
TO -, $50. The president also stated that val
sented or given to Mr.. Drew by himself or Mrs.
Lncss, or Dy both
DREW SHOULD HAVE KNOWN.
assert most positively that Mr. Drew should
have known the true condition Of the bank, and
had &c communicated the feet % me or even
limited, would never have permitted the city or
State and my own funds to have renamed there.
Mr. Marsh stated to me that ON one occasion
9nring the lifetime OF Mr. Lucas Mr.. Drew came
20 examine the bank. It was q week before the
once dispatched 70 Mr. Lucas at his home who
: 7eDt Mr.. Drew note, which caused him 70 at
2nce leave the bank and postpone the examine
lssistant named Trenholm, who, Mr.. Marsh told
he, took board at his home at the request Of Mr..
ully advised, OF the movements OF Mr.. Drew as
% the times when be was TO come TO the Key
stone Bank.
between President Marsh and myself In relation
% money Of the keystone Bank was de-
Whereabouts of Mr.. Marsh. Ii has been stated
that had arranged with Mr.. Marsh TO leave the
sity-s This also IL absolutely false. have also
a was arranged thar Mr.. Marsh should leave the
sisy; positively de deny ever attending any such
such conference held. never had any business
or social relations with Mr.. Marsh, never knew
whether he speculated or not
During the time 1 was in the Office of city
treasurer l never had any transactions with
Postmaster-general Wanamaker, nor have I any
personal knowledge OF his transactions with the
the run on the bank, and between that time and
March 20, that Mr.. Thomas B. Wanamaker, son
OF John Wanamaker. Mr.. Marsh and myself
we're very frequently seen together This is alb
ssolutely false. During the past two or three
yesr>s sIhase never been in company with either
Mr. J0hn Wanamaker or his SON, Mr.. Thomas B.,
except ouce, when called to ask Thomas B.
Wena maker where letter would reach his
fatfers who was with President Harrison on his
write. Mr.. John Wanamaker. asking him TO use
bis influence with Mr.. Lacey, Comptroller of the
Currency, IN favor of the appointment Of Mr..
sewer OF the bank visited Mr. Lacey for this
purpose In Washington
have been informed that the city has ordered
suit TO be brought against the said Robert
Glenden1n9 Co. TO recover back about $95, 900
lost on the sacrifice sales OF the shares OF stock
be true. shall be willing to assist the city the
State in this or any other suit 1t Is also true
Ing 4 CO.: also to q number OF banks and hank.
Ing institutions through II. H. Yard. 1t is also
true that have deposited State moneys in the
stone, Third National. Peoples, Columbia Ma
Eional, Chesfnutstreet National and Drexel &
Co., and did receive interest from each of
said banks and firms. / also deposited State
moneys With the Farmers and Mechanics Ma
tional- received interest from the Farmers and
1tcu1llc5 y aUoutl BANK, unu6r the following
circumstances 1t was my duty, as city treas
Erer, TO pay over to them certain sums Of money
TO enable them TO pay the interest on the city
debt In Janufy and July this is generally done.
In consequence or rs being paid over at earlier
periods than the required three days prior to
July and Jan. I, the bank agreed TO pay a rate
or intefe st not TO exceed per cent. per annum.
A part Of the time Is; was paid
PURCHASED WITH BORROWED MONEY.
In connection with this bank L desire TO say
that the president loaned money with which
i purchased two thousand shares OF stock of the
West Chicago Passenger railroad. The most of
; that stock was bought for about $50 per share
and large portion afterwards sold by the bank
at about 81 "a per share. About May 1. 1891,
requested the president TO sell enough of the
stock aud repay the bank all its loans and inter
est Accordingly, the bank some time in May
did sell sufficient Of the stock and did repay
themselves. leaving $50 shares of the stock and
over $500 in cash still In their possession The
profit arising from the purchase and sale OF this
stock, together with the market value OF
that still hand. Is very large and
viii go to the beneft OF the city and State,
though do positively and absolutely deny that
fbere Was ever dollar of either city State
money used In the purchase Of any OF said stock.
was unable 70 make my payment Of public
moneys. and deemed IL my duty to assign or
transfer my claira against the Bradford Mills
Company TO John and James Dobson. my bonds
men 70 both city and State, in 5000 know
ing full well at the time made tins transfer
that the Dobsons would be Obliged to pay the
entire sum OF $i2O, 900 to the State and $780,
600 TO the city, which sums OF money they stand