Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1905-10-27
Not Unlikely That Changes
Will Be Made In Methods
OF Examinations
QUESTIONS
RAISED
N e w
Question Of Whether the Bank Exam
iners Really Examine Raised by the
Disclosures Incident to the Failure
of the Enterprise National at Al
leshaney.

examiners GXilluIHG udL Is lie 4uSS.
ton Comptroller Ridgely is facing.
A corps of expert bank examiners is
now at work trying to get at the bot
tom of the facts in the failure of the
Enterprise National bank of Ale
cheney. While all eyes have been
turned toward the dead cashier and
the state treasur deposit, the judicial
department. of the United States has
set to work tt, learn whether the bank
ing department has been remiss.
1t has been made clear by all the
authorities connected with the bank
that Cashier Clark had been carrying
on his pecuiations for the last two
years at least. How did he do it with
out bank examiners making the dis
covery? That is the question the
judicial department of the United
States will attempt to ascertain for
the comptroller of the currency.
Politicians on Rack.
The part, which politicians are be-
lieved to have played in the failure of
the bank may be revealed at the in
quest Of Cashier Clark. who committed
suicide. A subpoena will be served on
United States Senator Boies Penrose
to appear at the inquest. and it is be-
lieved he will be questioned closely
as to any knowledge he may possess
of the connection of his political as
sociates with the institution.
H. R. Mattern, the national bank
examiner, whose district includes the
Enterprise National Bank, resides in
Franklin, PA. The banks examina-
ton filed by him Aug. rs, 1905. was
sworn to by Cashier Clark, A. r.
Schwerd, David Morrison and August
Langenheim, directors, Aus 80, be-
fore f. p. Kohen, a notary public.
Mr. Mattern's report showed the to-
tai liabilities and resources at $2,973,'
1859. According to the best information
fully $1,500,000 is lost. This, 1t is be-
Heved, was not done between Aug. 70,
1906, and October 10.
Several attorneys have been making:
an investigation for clients who hav..
lost securities in the bank, and they
are convinced that a systematic meth.
cd Of robbing the bank has been III
vogue more than two years, and that
all the time the bank was insolvent.
Edward y. Moxey, special examin :
er sent here by the government; Judg
II. F. Oldham, Assistant Examiner
Lyon of Philadelphia, c. G. Murray,
assistant and John B. Cunningham
held a conference yesterday.
Hints illegal Deals.
Mr.. Moxey gave the following state
ment:
my coming here means that there
may be suspicious of illegal dealings
in the affairs of the bank. If there
are grounds for proceedings they VIII
be brought. Politics will play no palt
The facts will be set forth without bi'ls
from any quarter"
Mr.. Marion said:
"There must be at least hundred
similar cases in this banks affairs, II
I understand the situation.
It has dawned upon the heads OF
score of banks in Pittsburg who bought
securities from Cashier Clark that
they are receivers Of stolen goods.
Thev probably will not give up tae
stocks and bonds, however. without
a fight.
When asked what means would be
taken to protect the depositors, Judge
Oldham said:
.We'n try and make as much of the
shortage good as possible from The
Clark estate. We will put in a claim
against the estate for the amount OF
the shortage and receive our share in
the distribution. But has he any as
tate? If he had any it is not appare Mt.
Pm told he was worth 100000"