Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1905-10-20
MAY BE A
DEFAULTER
Directors Of Enterprise National
Bank Believe Dead Cashier
Was Embezz|er
TO A LARGE AMOUNT
Claimed That He Loft a Confession
Which Tells the Whole Story.
Emphatic 0enials.


cation into the affairs of the Enter
prise National Bank proceeds it show
that Cashier Clark, who committee
suicide, was interested in many cor
porations and that his associates were
prominent men. Startling revelation.
are being made as to the manner ir
which the dead cashier managed the
money of the bank. Some of the di
rectors on the strength of what has
been discovered, intimate that Clark
was defaulter to large amount. II
is believed that President Gwynne,
and the weather. men of The banks
directorate will make some effort t(
get control Of the Santa Fe Centra
and the Pennsylvania Development
Company, which concerns are so much
involved in the banks affairs. By do
ing this as individuals, the directors
nope to save themselves If they are
compelled to make good any shortage
to the state.
Confession Found Which Tells the
Whole Story.
1t was reported this afternoon that
among the private papers of T. Lee
Clark, the dead cashier of the Enter
prise National Bank, is a complete
confession OF the operations
which brought about his ruin
and the closing of the bank. This
confession, it is said, narrates min
utely all the steps in the proceedings
attending the securing of the banks
funds and how loans were made, to-.
gether with the names of the politi-
clans concerned. This paper is said
to have been found in the vault of
the bank and is now in the hands of
Bank Examiner Cunningham, the tenn
pOrary receiver.
W. H. Andrews Emphatica!Iy Denies
That He Got Any Money From
the Bank.
Pittsburg, Pa, Oct. 20,-W. H. An.
drews, delegate from New Mexico to
Congress, came to Pittsburg yesterday
from Washington, where, with Gov.
ernor Miguel A. Otero, of New Mexico,
he had an interview with President
Roosevelt.
"Mr. Andrews, it has been said that
you have at various times got large
sums of money from the Enterprise
Bank" 1t was suggested.
81 never was in the bank in my life
and | never got cent of money from
it," was the positive rejoinder.
at is said that you have gotten
large sums for the Santa Fe Central
Railway Company, of which you are
president" was the next suggestion.
mo sir, that is a mistake, never
got any money for myself nor for the
company"
do you know of any person who
has gotten money from that bank, or
any person who has paper in it?" was
asked
mo, l do not" he replied
DO you know anything Of the finan-
cial condition of the bank, as to what
extent it may be involved?"
mo, | really know nothing about
the bank. Clark was treasurer of the
company in which ! am interested,
but other than that l cannot see where
it touches us at all.
Statements BY Officials Of Santa Fe
Central and Pennsylvania 0evel-
opment Company.
The directors of the Santa Fe Cen
trail Railway Company and OF the
Pennsylvania Development Company
issued a statement denying that any
money had been borrowed by them
from the Enterprise National Bank
This statement is signed by Arthur
Kennedy, Francis J. Torrance, W. H.
Andrews and w. G. Hagan.
At the conclusion of special meet
ing of the Santa Fe Central Railway
Company and the Pennsylvania De
velopment Company on behalf OF
which concerns the late T. Lee Clark
is said to have negotiated loans, the
officials gave out the following state
ment:
"The Santa Fe Central Railway
Company was built by the Pennsylva
MIA Development Company and com
pleted about two years ago. This road
is In good condition and earning much
more than operating expenses and the
earnir~s e., steodily increasing
"The railroad company has nc
notes out. We are not aware OF any
notes of the Pennsylvania Develop
ment Company in the Enterprise Ma
tional Bank and the company has nc
record Of such. If, however, Mr.. Clarl
used any notes Of this company in hi'
bank they will be paid"