The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-05-27
BARDSLEY In BIG DEALS.
ONE FIRM SOLD HIM 100000
WORTH OF STOCK,


None of it Bought on Margins-The Re-
publican Senators Refuse to Confirm
the Governors Appointee-The City
Commissioners Elect a Newspapers
Business Manager.
PHILADELPHIA, Pa, May 26.-The citv
commissioners met this morning, and, igno--
lag the appointment by Gov. Pattison of
successor TO City Treasurer Bardsley, pro-
ceeded to elect Richard C. Oellers.
business manager of the Record,
20 fill the Office. Messrs. Bartley
and Stults, the republican members of
the commission, voted for Oellers, and Mr..
Sensenderfer. the democratic member, cast
his ballot for Mr.. Wright, the governors
appointee. Both branches of the city couu-
ellis will meet in joint convention tomorrow
and proceed to elect successor to Treasurer
Bardsley.
OPINION OF THE SOLICITOR.
City Solicitor Warwick has prepared an
elaborate opinion sustaining the right of
the councils to fill the vacancy, and after
presentation Of Mr.. War wick's opinion the
election will be held. 1t is thought not I'M
probable that the councils viii repudiate
the election to-day OF MIR. Oellers by the
city commissioners and elect another
man, still from the present indications
that gentleman will be their choice
for the Office. More than a week ago City
Controller Thompson made demand upon
Mr.. Bardsley for collateral security which
the city treasurer is said to hold for some of
the money deposited in the Keystone bank,
but up to the present time the demand has
been disregarded.
BARDSLEY STILL UNDER GUARD.
Mr.. Bardsley is under guard at his house,
his condition still being too serious to war;
rant his removal. He has been unable to
obtain the $50, 900 demanded as security for
bis appearance at hearing Friday. Tho city
councils committee investigating the affairs
of city treasurer Bardsley this afternoon
examined National Bank Examiner Drew
Mr.. Drew testified that at the time the Key
stone bank suspended and he took posses
sion Mr.. Bardsley had four accounts in the
bank-as city treasurer, 5000, ,6O6; Bardsley,
special $35, Sol; Bradford mills, So, l52 and
John Bardsley & Co., s702.
THE DUE BILLS.
OF the clearing house due bills for upward
of 100000 which Mr.. Bardsley holds
against the bank Mr.. Drew said he had
no knowledge, excepting that there is a
record on the stubs Of s275, 900 of due bills
There is no other record on the books of
due bill transactions. If these due bills rest
against the Keystone Bank 1t is said that its
liabilities will be over $2,00O,000
The witness further testified that after he
had taken possession of the bank he dis
covered that the ledger had been mutllated,
leaves having been removed which would
have shown $4,000 additional liabilities.
President Marsh confessed to Justification
OF the books in February, but the wit
ness said he was not arrested at
the time because he (Marsh) was
then engaged in a determined effort
to get 100000 from the Lucas estate, John
Lucas, the deceased president Of the bank.
having been heavily indebted to the institu-.
tion. Marsh was allowed to complete this
work before he was arrested.
BARDSLEY A sPECULAToR
The testimony of the next witness was
the most surprising yet given, and may lead
70 the throwing of some light on what has
become of the enormous sums that have dis.
appeared. The witness was George A.
Hume Of the firm of Robert GIendenniDe
d Co., bankers and brokers.
Mr.; Hume said that Mr.. Bardsley
had from january to September
during 1890 been a heavy operator on the
street" through his firm. In that time they
had purchased for Mr.. Bardsley between
S5OO,000 and $500, 900 worth of stock Of the
United Gas Improvement Company, CHI
cago Cable and Philadelphia and Baltimore
Traction Companies.
ALL BOUGHT OUTRIGHT.
The stock was purchased outright by Mr..
5ardsley, but never on margins. During
December of last year Mr.. Bardsley closed
out all his holdings in these stocks. Mr..
Hume said that without the books Of the
nrm he was unable to give the amount
lost or gained by Mr.. Bardsley by these
transactions, but as far as he remembered
1t was small either way. Mr. Hume also
testified that his firm had borrowed
about 100000 from Mr.. Bardsley
during the financial stringency
OF last fall. For this accommodation
they paid him the rate of interest that pre-
vailed on the ''street" at the time. This
concluded Mr.. Hume's testimony. but he
was informed that he would be expected to
appear before the committee tomorrow
with the books showing Mr.. Bardsley's
transactions.
The Dobsons have signi6ed their willing
ness to pay the amount Of Mr. Bardsley's
bonds, Sl20, 900. as soon as payment is de-
nanded. Mr.. BardsleY's attorney has mott
neo the auditor general that the assets to
meet the states claim will be larger than
az first supposed
WRIGHT NOT TO BE CONFIRMED.
HARRIsBURG, PA. May 26-At caucus
OF the republican senator's to-day it was de-
ciueu not to confirm the governors nomina.
sIon Oh William Redwood Wright to be
treasurer OF the city Of Philadelphia.