Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1905-10-20
UNQUALIFIED
FALSEHOOD
I SAYSCASTL|E
Offers to Prove Andrews
Borrowed 100000.
SANTA FE CENTRAL SAYS
1T HAS NO NOTES OUT
Officials Declare Road Was Never
in Better Shape and Busi.
ness Is Rapidly
Increasing.
BY Associated Press.

BY Associated Press.
Pittsburg, Pa, Oct. 19.-The inves-
tigation of the affairs of the Enterprise
National bank, Allegheny City, Pa,
| is making good progress Far into
last night and the early hours of to-
day John B. Cunningham. national
bank examiner, VINO was appointed re-
ceiver Of the Institution pending his
Investigation, assisted by large clerl-
cal force. labored steadily in an effort
to unravel the extent of the banks
financial embarrassment. The devel-
opments following the tragedy and
closing of the bank have been start
| ling, involving as they the names OF
several prominent citizens who, have
been active in state politics.
According to President Gwinner the
bank, through Cashier Clark, has fur
nished most of the funds used to float
the Santa Fe Central railroad and the
Pennsylvania Development Co.. in
which former State Senators w. H.
Andrews and Arthur Kennedy, and
Francis J. Torrance were deeply in
terested, together with Cashier Clark
The two projects are allied ones
Former Senator Arthur Kennedy is
president of the Development Co. and
| former Senator W. II. Andrews Is
president of the other. Francis j
Torrance is heavily interested in both
concerns and his confidential man, w
c. Hagan, is secretary of both COM
panies. 4.
It. Lee Clark, the dead cashier OF
the Enterprise, was treasurer of both
companies and the bank was the GUS
itodan of their bonds which were held
las security for the loans. Personal
Inotes of the promoters are also re-
ported to be among securities fur
Inlshed the bank.
Former Senator Andrews denies the
statement of President Gwinner anc
says he never got a cent from the
bank.
Mr.. Torrance is ill and Secretary
Hagan, speaking for him, also denied
that he had been a borrower. For
mer Senator Kennedy is en- route tC
| this city and is expected some time TO-
day.
Upon reaching here a meeting o.
1.-The directors will be called, and II Il
said complete statement of the con
Idition of the companies connected
with the bank will be made. Since tht
Iclosing of the bank it has developed
that the United States government ant
state officers have been in Pittsburg
land particularly, 1t was said, to MAKE
an investigation of the statement re-
Gently made by Homer l. Castle, pro
Inhibition candidate for supreme Judge
relative to the accepting of none!
from the state with the understanding
THAT certain politicians would have
L. Is fIn
Clark Worth S3OO,OOO.
An inquiry is being made int
lcashier Clark's affairs. He was estl
mated to have been worth $3OO,OOO
hut his friends say that he sank all nj
lassets In an attempt to reimburse tn
Ibank and that his suicide followed M
failure to stem the tide.
They declare he was ruined by bus
illness associates and that 1t VIII d.
found that he is not defaulter.
The COmpany's Statement.
| At the conclusion of a special meet
ling this afternoon of the Santa r.
ICentral Railway Co. and the Penn
lsylvania Development co. on behalf 0
which concerns the late T. Lee car
Il saId to have negotiated loans, tn
lofficials gave out the following state
Iment: =.
"The Santa Fe Central Railway CO
vas huilt by the Pennsylvania Devel
Ionment Co. and completed about tw
wears ago. This road is In good con
ldition and earning much more tina
Generating expenses and the earning
Iare steadily increasing.
"The railroad company mas
notes out. We are not aware OF an
notes of the Pennsylvania Develop
ment Co. in the Enterprise Nationa
} bank and the company has no recor
I, of such. If. however, Mr.. clark use
: ANY notes of this company In his pan
: they will be paid"
: According to Mr.. Cunningham IN
: hooks are In badly muddled snap
land II will take some time before
: statement can be given to the pupil
: as IL will take days of work on IN
: books before they can be straightene
out. Ls
Commenting upon Mr.. Andrews u'
G Inial that he had received any OF ln
| banks money. Homer l.. Castle prom
$ bition candidate for superior 1udg
I sgfd:
l/In william ii. Andrews asserts thI
sfhe never received penny from u
I defunct Enterprise National bank an
( that his name does not appear on pi
G lper for loan secured from that II
! stItutlon. he Is guilty of an unqualihe
filsehood. can furnish convlncir
proof, II required, that MIR. Andrew
has received money from not on
this institution, but from other bank
I.cannot say that his loans aggregate
, such a large sum as has been reporte
but / do know aud am prepared
prove. that his name Is on note
the Enterprise bank for 100000. III
note was indorscd by Francis j. To
!. rance and Arthur Kennedy, and u
n loan was gained through MIR. Andrev
= pull, which insured the bank sta
z deposit"
= = Continuing he said: Il believe tn
ls / have information sufficient TO she
: that certain state officers lent dire
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