Evening journal., 1891-06-16
DID YARD GET THE CASH
A New Theory as to How
Bardsley Fell.
THE LAND SCHEME THAT FAILED.

nh LAM 0Olbmb luAl 1LlLbDs
Yard, Marsh and Bardsley Were Ready
20 Fleece an English Syndicate When
the Barring Crash Came and Knocked
Their Plans on the Head.
tications OF the days developments IN the
Bardsley case are deceptive the investiga-
tion is probably close to finding out the
whole remarkable story. The puzzle Of
what Bardsley did with all the vast sums
Of money ire stole Is not likely 20 be a
puzzle much longer According TO the
present indications it was not politics, nor
a desire to enrich his friends, nor any other
Of the improbable causes that have been
suggested, but sort of blind pool in
southern specnlations that wrecked the
Keystone bank, drained the city treasury
and brought Honest john Bardsley face
TO face with lifelong Imprisonment. The
center Of the pool and the chief actor in
the whole story il alleged TO be II. II.
Yard, who oame 20 this city and surren-
dered himself last evening
Yards Big scheme.
The city authorities believe that IN him
they have the key Of the whole situiRion.
Yard has been known for long time as a
daring and generally successful speculator,
and about year ago he turned his atten-
tion to southern investments. This was
just at the time that English capitalists
were putting 50 much money into the
south. Yard found at place called LIB
erty, In the southwestern part OF Virginia,
an abandoned iron district, two old dis
used furnaces and lot of other property
belonging to a partly moribund concern
known as the Columbia Liberty Ipen com
pany. He bought up all this property, in
Guiding 1900 acres Of land and an iron
mine that hadn't been worked for years.
Ready for n Fat Pocketbook.
Then he set about to develop his pur-
chase for the market. He organized the
Liberty Furnace company, with a capital
of 100000, OF which $4,000 was paid In
and a bonded Indebtedness of }oo0, 900
more. He next proceeded to open up the
country He built twelve miles Of railroad
TO connect the furnaces, he opened the
mines, cut down forests, started towns, in
the neighborhood of which he bought
large quantities Of real estate, and by fall
had the whole property ready for sale at a
big advance TO the first English syndicate
that should come along with fat pocket
book.
Killed by the Barring Crash.
But just at that time came the Barring
Brothers collapse and the stringency in
the money market. The English syndicate
suddenly dropped out Of sight. The Lib.
erty Furnace company WAS not in a posi-
tion to carry on the work itself Yard was
left with ala the improvements on his
hands in property practically unstable
The next link in the chain is President
Marsh, Of the Keystone National bank
II is known that Marsh wassingularly ano
completely under Yards control They
were visiting the seashore together, ant
Yard pointed out young woman frient
as the person he had selected for Marsh I,
marry, so Marsh promptly eourt@l an,
married her.
Marsh was feeble man, without will o
his own. Yard was a bold, dashing, iea
gressive fellow, with nerve and push AM
he did as he pleased with the other man
He pleased TO have large loans from tn
bank and he got them He pleased TO over
draw his account there many thousand dol
lars and he did sO On the day OF the rui
he pleased to put s2s,0O0 Of his own check
IN the hank, which were subsequent,
found to be woEthless, aud he was please,
20 have such other dealings there that th
bank has now claim Of Sl3000O agains
him II is also known that Marsh loanet
out great sums to somebody, and the sup
position is that the somebody was Yard.
1t Seemed sure Thing.
Probably year ago was the time whei
Bardsley began to get largely In arreay
with his public accounts. He was init
mately connected with Marsh, and ha
accommodated Marsh's bank with deposit
in excess Of the legal limit Ifthere shoul
have been presented to him then sehem
by which all his losses and shortages coul
be covered and he be left rich man it is
plausible theory that he would have az
eepted the opportunity. The city author
tiles are believed now to think that tn
! opportunity was Yards southern ventur,
and Il was broached TO Bardsley throug
Marsh All that Bardsley had 20 do wa
to turn over the public funds TO Marsh
All Marsh had TO do was to loan tn
money, either through the bank or per
sonally to Yard All Yard had 10 do wa
to get the Virginia property into shape 70
sale and sell il. All through the south simi
\ lar investments had proved as profitable a
Yard could imagine or Bardsley hope for
At Big Stone Gap and Roanoke land hal
been bought for g. an acre and sold Il
| English syndicates for $1,000, 81, SEQ anl
$1,000 an acre. English syndicates wer
buying anything in sight that had a sho1
of dividend making.
they win Sue Uncle Sam.
The Spring Garden depositors commit
tee met in Lincoln hall last night Ac
dresses calling for the vigorous admin,
tration of Justice were delivered by tn
Rev Drs. Duncan L. Macgregor and Emei
son H. Young. Resolutions were adoPte
calling on the president TO investigate th
conduct Of District Attorney Read i
withdrawing warrants for the arrest Q
Directors Nelson F. Evans and Ephrair
Young. II was also resolved to sue tn
government for the percentage Of the a,
posits lost Every vigorous remark wa
heartily applauded.
He Wanted a Death Sentence.
NEW YORK, June 16.-The jury in th
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