The daily morning journal and courier., 1905-10-19

Dosits Amount to $SOO,OOO-W' H. Andrews Alone Has Borrowed $4OO'- OOO--T. Lee Clark, the Cashier, Ended His Life by Putting Bullet Through His Head and Taking POison-Ex- on,;per Had Been Going Over Books of the Institution
 Pittsburg, Oct. 1S.-After an inVestl- pation of the books of the Enterprise National bank of Allegheny, which disclosed that the bank was insolvent' T. Lee Clark, cashier of the lnstltu- ton for years, went to his home Ill Lincoln avenue, last night, spent 8 sleepless, nervous night, and this morning shot himself through the head. He fingered until 2:SO o'clock this afternoon, when death came
 An hour before the announcement of his death was received at the bank a telegram came from the comptroller of the currency at Washington to close the doors, and appointing Bank Ex- arniner John B. Cunningham as re- ceiver. --
 Following closely on the order of ex- citing events in lower Allegheny came the announcement of the president of the bank, Fred Gwinner, that Clark had loaned thousands of dollars to Pennsylvania politicians; that he him. self had endorsed note for $50,OOO yesterday for Clark, concluding with the statement "that if the shortage , was only $100,00O' he would gladly pay it himself
 The bank has state deposits which will amount to $SOO,OO, of which $39S,- 900 is in the checking or active ac- count and the rest in state sinking funds. @sr ..s.
 MT. Gwinner in his statement said: "Nearly $70O,OOO of the $SOO,OOO state deposits of our bank is out on paper of state politicians. W. H. Andrews has borrowed nearly $4OO,OoO; Frank J. Torrance has borrowed considerable. I 6a not know how much. But the bank, state is solvent"
 Bank Examiner John B. Cunning ham spent most of yesterday and last night working on the books with the cashier. Shortly before midnight MT. Clark complained of not feeling well and started for home. But earlier in the afternoon the bank examiner was of the opinion that the bank was in- solvent and so notified the comptrol- Ter at Washington.
 At the bank this morning notices were sent out to the directors for a special meeting at ? o'clock this aft ernoon. An hour before that time the bank was closed. The meeting of the directors lasted about an hour, after which President Frederick GWfnner made the sensational statements quot ed.
 According to the examiners report the resources and liabilities of the En- terprise bank in the last report, made August 25, were, $2, ,973, ,169.56 each. The Enterprise bank cleared through the Bank of Pittsburg. At that bank this afternoon it was stated that sufficient deposits were on hand from the Alle- gheny institution to protect the clear ing house, and that all checks had been sent back to the original banks.
 After the meeting one of the direct ors stated that the books had been gone over hurriedly before the meet and that so far as they knew they were all right. The director said that Bank Examiner Cunningham would begin immediately an examination oi all the books of the bank. This will require about five days, he said, before a statement can be made.
 MT Clark took his life while in his bedroom at his home by drinking poi son and then shooting himself m the right temple.
 MT. Clark was not feeling we'll this morning and his wife advised him tc remain in bed, and he consented to dc so. Mrs. Clark then went down stairs About 8 o'clock she heard a heavy fal in the room above. Thinking her hus' band had tainted, she hurried to the Bedroom and found him lying on the floor with the revolver still in his hand.
 Physicians were quickly summoned but their services were of no avail.
 MT Clark had taken an ounce of iau'  danum, and then shot himself. Int presence of the empty laudanum bot tie is a mystery, and seems to indicate that MT. Clark's attempt at suicide had been contemplated previously, al though he had never said anything which would lead his family to believe that he intended to kill himself.
 MT. Clark had lived in the suburb O Bellevue for fifteen years, and has al ways held positions of the highest hon or and trust in his own community He represented the Second ward il Bellevue councils. He was a membe of the United Presbyterian church O Bellevue, being member of the off ciaI board. He has always been ac lively interested in the work of tn church, and was it's largest contribut er r.... ~.