Evening star., 1905-10-23
Pc ENROSE HAD NOTE
CLAIM Made by Homer L.
Castle
IN ENTERPRISE BANK
SAYS PAPER WAS PAID AFTER IN
sTITUTIoN CLOSED.
President Says He will Spend Money
to "Make Fur Fly" in Clear
ing Situation.
IN ENTERPRISE BANK

A 5,snatcb from Philadelphia says that
Senator Boies Penrose, despite all deniais'
had a note for $75.000 in the wrecked Eli
terprise National Bank when 1t went TO the
wall last Wednesday and that the note
has been taken up since that tme-taken
up and settled by the republican state Or
psnization the day after the banks doors
closed-is the startling statement made
Yesterday in this city by Homer l.. Castle,
the prohibition candidate for supreme court
Justice
Mr.. Castle stopped here for several hours
before going on to Pittsburg on his cam
paigning trip He spoke freely to an in
terviewer and told not only about the Pen
rose paper. but about other incidentiais
related to the bank smash.
He asserted that several other banks In
the state are in almost as bad way as
was the unfortunate Enterprise. One, he
said, iS barely withStandng q run AT lHe
present time.
When Mr.. Castles attention was called
to Senator Penrose's denial of completely
in the bank failure, he answered emphatl-
cally:
II do not wish to accuse either Senator
Penrose or John l. Shaw with lying. but
when the Enterprise National Bank or
Allegheny closed its doors on Wednesday
there was among it's assets a note for $to,-
600 made by John l. Shaw and indorsed by
Boies Penrose."
Then Senator Penrose's statement pub
lished this morning is false?'
mot exactly" Mr.. Castle replied. THE
$4,000 note made by John l. Shaw and in
dorsed by Penrose. which was in the bank
at the time of the crash. was paid on
Thursday. The cash was carried to Bank
Examiner Cunningham, who is acting as
receiver, and with 1t the note was paid and
lifted from among the effects of the
wrecked bank.
Not Much Cash.
Let me tell you something else about
the looting of that bank" continued Mr..
Castle, something that has not yet been
published.
when Receiver Cunningham took charge,
one of his first acts was to count the
cash and transfer 1t to a safe depository.
He found less than $4,000 of the more
than 50 100000 belonging to the depositors
of the Enterprise National
THAT sum was all the cash there was in
immediate sight for the victims of polit-
ical rascaity until the $4,000 was paid on
Thursday and the Shaw-Penrose note lift
ed from among the assets of the bank"
What was this Shaw-Penrose note doing
| among the assets of the bank? Why did
the institution ever make such Ioan?"
Mr. Castle was asked.
Il can't answer that question with alb
solute exactitude," was the reply ''but
| know one thing, and l know another and
putting them together 1 reach this conciu-
sion:
That $4,000 represents payment to John
| /. shaw by the organization for services
rendered: the services were rendered and
! the republican organization. finding itself
| without the funds to make the payment de-
| manded. resorted to an old trick.
1T had Shaw make a note the head of
| the organizat ton indorsed that note there
| by making the organization responsible
and then it was eashed at a political bank
with funds which p;1 Il
| had deposited with the understanding that
| they were to be manipulated by republican
politicians.
Mind you"vand Mr. Castle spoke with
| particular emphasis-'I don't say that this
| is exactly the manner by which that note
| came to be among the effects of the looted
| bank; but by putting one and one together
l arrive at this conclusion. The conclusion
| l give as my unqualified conviction. 1 have
| an implicit belief in this theory.
Presidents Statement.
| A dispatch frcm Pittsburg last night says:
81 tell you the fur is going to fly before this
thing is over. Every one who knows me
knows that when l once take hold of a
| thing 1 never let go. l am going after tie
men who brought about this awful wreck
Frederick Gwinner, the president of the
looted Enterprise National Bank. uttered
these words tonight standing in the sitting
room of his old-fashioned home in ALLIE
gheny. His form fairly shook with the in
tensity of his feeling and his eyes blazed
with anger. His utteranee formed the clos
Ing sentences of the first authorized inter-
view he has given since the suicide Of
Cashier T. Lee Clark and the closing of the
banks doors.
A declaration was made by Mr.. Gwinncr
that the state deposits in the ruined bank
were from $20O. 600 to $4O0.0 600 larger than was
imagined or State Treasurer Fathues would
| admit. and that they reached over a million
dollars. This Is bound to create a sensa-
ti0D and call for Immediate . ion,
from MathueS.
Mr.. Gwinner is of the opinion that the state
Is protected. and SO also is Homer L. Castle
but that the political combination which
looted the bank was able to force such de-
posits Is fact beyond the widest dreams
| of the men who are fighting the corruption
| lists.
Nobody knows today. not even State
Treasurer Mathues, just waht condition the
treasury Is in, and 1t would be no surprise
Ii other disastrous financial episodes fol-
| lowed in the train of the Enterprise
Politicians to Confer
1t is said that there is to be a meeting in
| Philadelphia tomorrow of all parties inter-
| ested in the political side of the bank crash !:
a general sitting ON the lid, as it were. At
torney Trimble, Cashier Clark's counsel and
| ex-Lieut. Gov. Lyon left today for Philadel-
| phia, w. H. Andrews is believed to be there
now or at Atlantic City.
| 1t is said tonight that Bank Examiner
| Cunningham has appointed Walter LYON as
| his personal counsel in the affairs of the
| bank. Mr.. Lyon is also counsel for Messrs
| Torrance and Kennedy and the Santa Fe
| Central Railroad. and the appointment. to
| say the least, Is very significant.
| One of the features of the day was the
| activity of certain spectators in Allegheny
! in buying up the accounts of depositors in
! the wrecked bank. One denositor who had
! an account of $4,000. Is said to have dis
/ posed of 1t for $4,000. 1t is said, though
/ this cannot be verified, that the spectators
represent ring politicians who have inside
| information that the bank will resume and
/ pay in full and are now specializing on the
| fears and wretchedness of the suffering peo-
| pie.
| 1t begins to look more and more as IL
the whole rotten mess would be smothered
| by state machine political Influence unless
| criminal suits are instituted and the af-
| fairs of the bank turned inside out The
| fact Is that the state machine leaders are
| in a frenzy over the situation and In fear
/ of further disaster.
| ssI am very glad to have my statement go
/ out to the world said Mr.. Gwinner
| It have been badgered and misrepresented
| since this unfortunate occurrence" the old
| gentleman said, with pathetic feeling
/ .The story has been published that the
| nf fhs ha anR ar TO he rara tod