Los Angeles herald., 1891-06-24

| positor. During his period of office he
never had any transactions with Post.
master-General Wanamaker, nor any
personal knowledge OF that gentleman
transactions with the keystone bank
He (Bardsley) did write a letter to
Wanamaker while the latter was travel
ing with the president in California
asking him to use his influence with
Comptroller Lacey in favor of the ap.
pointment of City Comptroller Thomp-
son as receiver of the bank, and also
visited Lacey in Washington for that
purpose.
1t is true that he (Bardsley) loaned
state moneys to Glendennin & Co.,
stock brokers; also to a number oil
banks and banking institutions, through
! II. III. Yard. He also deposited state
money in the Manufacturers, Spring
Garden, Keystone, Third National,
Peoples, Columbia, Chestnut Street
and Drexel banks and did receive in
terest from each of said banks. He
also deposited state moneys with the
Farmers and Mechanics National and
received interest thereon. In connec.
tion with this bank, the president
loaned him money with which he pur-
chased 1000 shares of the West Chicago
Passenger railway, at about 500 per
share, the larger portion of which was
afterward sold by the bank at about $13A
per share. He positively denies that
either city or state money was used in
that transaction.
In concluding mis- statement, Bardsley
said for the past twenty years his house
hold expenses have never exceeded $500
per year, which also included bis per-
sonal expenses. In March last he moved
to Germantown to be near his factory,
buying in June last property costing
$20, 900, which sum represented his
wife's savings and his savings from all
outside sources.
He admits that he loaned state money
to various banks and others, not know
ing there was any law against it. Every
dollar he loaned, either to Glendennin
& Co. or banks, was returned at the time
fixed, together with the interest, and all
this money, both principal and interest,
he has paid over. He received interest
on state money because he didn't know
it was a crime to do so. The interest SO
received, however, had either been paid
by him to the state or will be collected
by his assignee.
As to the charge of buying securities
with public funds, he says, it is true in
part. He did not buy them, however,
with any thought of retaining them.
but only with the idea of making secure
a portion of the large amount in his
hands, with the intention of selling the
same when required to make payments
to the state. The securities so pur-.
chased have all been sold and the pro-
ceeds paid over, together with all divi-
dends on the same.
Bardsley asserted that neither the
state nor the city is loser to the extent
of one dollar by reason OF his doing any
Of these things for which he has been
indicted. On the contrary the profits
arising from these transactions, which
exceed all the losses, have been put by
him within the control of the authori-
ties.
AS to the assertion that many prom
inent politicians have been borrowers
from him, and have shared in some way
the profits of the Office, Bardsley said it
private, political and public life, in
small loans, yet in every instance the
money has been returned or is amply
secured.
He is aware that ignorance OF the law
10 ho CASu~O iOi ioS Eioidtioiis UuI say ~
is, nevertheless, and must be so admitted
by all fair-minded persons.
~ have resided in this city over forty
years, thirty-fve of which have been
in active business, and over twenty-five
in the public service, twenty-three of
which | was a member OF the council,
devoting the best years of my life to
public work, neglecting my business 30
that made no profit neglecting my
family by my mind and body being de-
voted to public interests; working four
teen to eighteen hours daily, and during
all these years living in most econom-
ical manner because Of the want of
money; denying family and self of al
most the comforts of life, because of
want of money; and now, ad-
vanced in years, with wife
and family to support, am
stripped of all my property my family
penniless, thrown on the charity of the
world; my reputation destroyed my
body imprisoned, and all for what?
Because bank has failed in which
placed money entrusted to my care and
because have violated law to me un-
known and never before enforced
When have made all the reparation
in my power by turning over all my
property and giving all possible assist
ance to both the city and state, what
more can do?"
At the conclusion of his statement
the judge granted the district attorneys
motion for suspension OF sentence until
the axnert accountants finish their