The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1891-06-09

what was valueless TO him but might pos
sibiy help the bank and save others
Being collateral holder, under the law
ne could not be assessed upon the stock.
hence any supposition that he could have
parted With the stock 10 avoid assessment
was without foundation in fact. Last
autumn Marsh claimed that the bank had
strained itself 10 help its customers and
wanted help, and the firm paid of all dis
counts so fast as they fell due. Later.
when the run came, Marsh used to come
to the firm, saying that he had no one to
20 to, and assuring them that everything
was right, precisely as he did at the clear
lng-house. He pressed Wanamaker to
buy the Lucas building and seashore
property and to loan paper for use at the
clearinghouse 10 recover other collateral,
al Of which Wanamaker declined.
About O'Clock the night before the
failure, Marsh called on Wanamaker in
Washington 70 say that he had been TO
the comptroller and informed him of his
doubts about the issued stock, and asked
Wanamaker whether he could in any way
help the bank Wanamaker said 'No,"
and the interview ended. In conclusion,
Wanamaker said that instead of the bank
~NNt q penny ~ nliL, ne n1u DceU Lt3
only profitable customer.
Responding toquestions by Elting, Wan
amaker said that he borrowed money on
the stock Lucas gave him until there was
question about its verify. and then he
gathered it up ana held it. Elting said he
had been told that $4,000 or upward OF
money was obtained at one time from
Bardsley by Marsh and loaned 10 Wana-
maker. The latter responded that he
never heard of it. He had never had
cent from Bardsley as an individual or as
treasurer, directly oe indirectly, through
Marsh or Jones or anybody else.
Councilman Smith said: You now have
no other choice except to regard the pos
session of the Reading stock as fully
equivalent for the return of the bank
stock" 'I make no claim against the
Lucas estate" answered Wanamaker.
Drew, in his testimony today, said that
he still thought that the assets OF the
bank would be able to pay the deposits
dollar for dollar. When asked if he IN
cluded 10000 in due bills held by Bards-
ley. he said that he did not, as there were
no traces Of the money ever having been
paid into the bank
Frank Brenten, ex-treasurer of the Mill
ward Cliff Cracker Company, a warrant
for whose arrest on a charge of conspiracy
with President Kennedy, of the Spring
Garden bank, 10 defraud the cracker COM
pany, is out, has disappeared and cannot
be found
The grand jury this afternoon returned
true bill of indictment against John
Bardsley, ex-city treasurer, charged with
appropriating funds belonging to the city.
A meeting of the depositors OF the sus-
pended Spring Garden bank tonight con-
demned Bank Examiner Drew and called
upon the proper authorities to ask for his
resignation.
WASHINGTON CRY, June s-The presi-
dent had conference today with Secre-
tary Foster and Comptroller Lacey in re-
gard TO the case of the Keystone National
bank, of Philadelphia, as result of which
he dictated letter to Mayor Stuart, ac-
knowledging receipt of the resolutions of
the council calling for governmental in
vestigation of the bank, and saying be will
facilitate a thorough examination of the
affairs of the bank to the full extent of his
powers, and will see that any officer of the
government found guilty of wrong-doing
in that connection is held TO strict ac-
countability for his action.