The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1891-06-10
BARDsLEl STOCK DEALS.
Testimony show His Operations on TIT
Street Thigh His Brokers.

Testimony show His Operations on the
Street Thigh His Brokers.
PHILADELPHIAa., June 3.-The sub
committee of coeils that are investigat'
ing the affairs ole City Treasurer Bards
ley met again thafternoon. Peter A. B.
Weidener empfcally denied that be
had ever UNLOAD" as it mas been al
legged, 100000 VIII OF Chicago traction
stock OF Mr.. Baroy. He said that he
had never sold n Bardsley a share of
stock of any kind
The presidents ohe following national
banks were called I'd denied ever having
paid directly or lnCectly TO Mr.. Bardsley
any monetary 1sideration for the
CITY money dePosd in their banks or
having benefited lemselves by their
business connectionwith him: Fourth
St national bank, Iechanics' national
bank, Market-st. nional bank, Com
mercial national ban Peoples national
bank, Traders nation. bsnk, Merchants
national bank, PrOduCnational bank and
the Pennsylvania natiCal bank.
G. a. Kuhn, mener of the broker
age firm OF Glendennin & Co.. through
which Bardsley operati on the street,
was recalled. Mr.. Kuhl testified that il
the course OF agle year tht
stock operations with Bdsley amounted
in the aggregate to 3, 10000 and
that in the same tim they borrowed
$4,000 IRON Bardsley nd loaned him
S250,OOO. On the 21st oAIay last Bards-
ley came into the Office oGlendenning d
Co. and stated that he wiaed to close out
all his stocks by o'clock. He
was told that it was impossible TO
make such large sale ONO short time.
He then asked if Glenenning & Co.
would make bid on histock. He was
told that they would. prviding that he
would make his request / writing. This
he did and the firm puroased his stock.
At this time Bardsley vas indebted to
the firm to the amount of $3.50. 900 and
the stock he sold thm was valued at
$4,000.
Charles H. Bean, CONFIDENTIAL clerk for
Glendenning d Co.. was he next witness.
Mr.. Bean mas charge OF tie borrowing and
loaning OF money for he firm II was
through him that Bardley held all his
transactions in this line. Mr. Bean was
piled with questions as tohow he came 10
60 the Bardsley to borroNmoney and the
conversations together on he subject, but
TO every question he returned the stero-
typed reply: Il don't remmber."
PHILADELPHIA. Pa, June4-The report
of the expert accountants Who have been
investigating the accounts of ex-City
Treasurer Bardsley was Transmitted to
the city councils this afternoon by Mayor
Stuart. The work of the accountants has
embraced the accounts of both the city
and the state, but the report only deals
with the former, as the investigation int
the condition of the state funds has no
progressed far enough to be made public
yet
The report is an extremely voluminou
one and gives in detail Mr.. Bardsley's &C
counts with the various banks. Although
the work OF the experts has been kept
secret, still enough of II was made publ
! at the hearing of Bardsley last week 4
/, foreshadOw the report made today. Tn
report shows that Cd May p, according Z
( the books of the city treasurer's Office
, there was on hand So, 81 ,60S.50 belong
| Ing TO the city. OF this amount the book
! OF the city treasurer show that there wa
I on deposit in the keystone bank S437
/ 55432. This sum is claimed by Re
ceiver Yardley and Bank Examiner Drey
/ to be wrong and that the bank book
| show the actual deposit TO have beef
/ sos, ')tJ.lJ. W I'LL lllt cANCpllon vi ali
! difference between the books of the cit,
treasurer and the keystone bank, the ex
perts found the funds in the city treasur
/ to represent the required balance to tn
credit oil the city.
Continuing, the report says that an an
alvsis of the keystone bank balance
whether the same be made from the ba
ance shown in the books of the bank o
Of fha
| true balance of the city in the Keyston
to be S62S.0S5.05 This balance is show
in the report by figures to be the correc
one. Bardsley had been carrying as cas-
in the city treasury Sl96,043l0 Of worth
less checks drawn on the Keystone banl
| In some way not vet definitely known h
raised this amount in cash and substi
| tuted it for the checks. He then went t
| Bank Examiner Drew and asked that thi
| amount be charged TO his account as cit
treasurer in the keystone bank and cred
tied to his personal account. This Nj
| Drew refused to do.
The only evidence of any criminal act c
Bardsley with the city money is mis-
appropriation OF SIS, $40. This money be
| longed to contractors under bonds to TIA
| city and Bardsley withdrew it from tn
| bank on his personal check and used it
make up part OF the $4,000 that he II
quired to make good his balance at tn
| keystone. Whether Bardsley can b
held liable by the city for this money is
disputed question. many claiming this
the city has no vested right in it.
The report states that for the year
| 1889, 1890 and 1891 inclusive, Bardsle
collected taxes for the state amounting I
81, pa, SS7, and that the same was dull
| deposited as required. In conclusion th
report says: ave further report that a
| investigation is now in progress which
will reveal the disposition made by job