Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1905-11-10
BANK EXAMINER
IS DISCHARGED.
COMPTROLLER OF CURRENCY TAKES
FIRM STAND IN CASHIER
CLARK'S CASE.
Failure to Discover Conditions in Enter
prise National at Allegheny (Pa)
Subject for Action.

WASHINGTON, D. c., Nov. 4
The comptroller of the currency today
removed from service Bank Examiner
X. I'll. Mattern, on account of his fail
ure to discover the conditions existing
In the Enterprise National bank of Al
legheny City, Pa.
Owen 2. Reeves, Jr., has been APP
pointed to fill the vacancy. Mr.. Reeves
has been an assistant bank examiner in
New York city.
No Suspicion on Examiner.
The case of Examiner Mattern has
been carefully investigated and he has
been given full opportunity to be heard
statement issued by Comptroller Ridgely
there is not the slightest ground for
suspicion Of any criminal intent ON the
part of Mr.. Mattern or any corrupt col
fusion with the officers of the bank. He
was, however, it is claimed, entirely too
credulous in his acceptance Of their
statements, and careless and inefficient
In his examinations.
Schoolma'a ANS Storm Bank
PITTSBURG, Pa, Nov A swarm
of women, mostly school teachers, at
tempted to storm the Enterprise Nation
al bank. RumOrs became current that
some depositors were to be paid off. Re
Seiyer Cunningham ordered the doors
barred.
1t is reported that Receiver Cunning
ham has made the former employees of
the bank sign over their properties to
him. He has learned, it is said, that
the tellers, bookkeepers and assistants
knew of the banks condition; that he
made each one confess that the hand
writing on the books was theirs, but
that the cash and securities were not as
they represented in the accounts; and
that they said Cashier Clark compelled
them to make false entries under threat
of dismissal.
Depositors May Get IS Per Cent.
Receiver Cunningham intimates that
final settlement may result in the
payment of % per cent. to the deposit
orS.
The bank directors will make a legal
battle on any judgments filed against
Clark's Books Are Opened
The personal books and papers of
Cashier Clark of the Enterprise National
Bank of Allegheny, which were found in
the dead cashiers desk, were taken up
by the examiner today for the first time
1t is hoped that in these personal or pri-
vate books will be found some trace of
the missing funds Of the institution.
Churchman-Banker Confesses.
DIES MONIES, Nov. &c. II. Dye,
vice president of the Tabor State bank
at Tabor, treasurer of Tabor college,
trustee of the Congregational church
there and treasurer of the local school
district, confessed that he had forged
notes amounting to between $4,000 and
$4,000, which had been discounted by
the bank.
The bank was closed and the auditor
of state Immediately dispatched an exe
aminer. The officers claim it is solvent
despite the loss. The bank has a capital
of $4,000 and deposits amounting to
$165,000.
He Floated Oil Schemes.
Dye declares he abstracted the money
from the bank to float oil schemes in
Kansas in competition with the Stand
ard Oil company. He also had been
operating through the Chicago board of
trade and sought to corner the stock of
several large mining properties in the
west. He took chances on the board
and in mines to reCoup himself for the
oil losses. His father may make good
for him. There is no disposition to
prosecute the son if the losses are made
good. The young man has lived in Ia
Dor twelve years, serving as cashier of
the bank for ten years. 1t was not until
he was made a vice president that he
attempted to get rich quickly.