New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-20
CLARK WORKED FOR SELF.
BANK OFFLCI4LS DECIDE.
Castle Reaffrsas Charges an Enter
prise Case,
[By Telegraph to The Tribune-l

tBy Telegraph to The Tribune
Pittsburg. Oct 19-The conclusion has been
, reached by the directors of the Enterprise Ma
tional Bank that the dead cashier, Mr.. Clark.
had manipulated the affairs TO further his pri-
vate schemes without their knowledge. They
assert that they old not know the paper of the
Pennsylvania Development Company was in the
bank. did they know that loans had been
made to politicians.
Clark carried on the political end of the deal
unknown to the directors. The directors Of the
Pennsylvania Development Company at meet
ing to-day also denied any knowledge of the
company having any paper in the bank. T. Lee
Clark the treasurer of the Santa Fe Cen
tral Railroad and of the Pennsylvania Devel-
opment Company. If he had placed any of
their securities in the bank they will make them
good. There is 100000 of this paper.
Clark had arranged with two New York cap
italists TO buy out his partners in the Santa
Fe Central Railroad The first payment was to
be made the day that Clark killed himself. 1t
is reported that the New-Iorkers had sent en-
gineers to New-M Mexico to examine the property.
and they reported unfavorably on it.
IF Mr.. Clark had come TO us and told us his
difficulties" said Vice President w. T. Brad
berry. of the Enterprise National Bank "all
this trouble could have been Strengthened out
without tragedy and this unenviable notortety.
i
standing should have obiterated long record
for meritorious service and probity in a moment.
We trusted him. Never did we have suspicion
that anything wrong"
"Will the bank resume operations? was
asked
Very likely. But I could not say definitely.
The bank was prosperous Mr.. Clark was prac-
tically in full charge AS to his dealings, I can
say nothing
CASTLE REAFFTRds CHARGES.
Commenting on Mr.. Andrews's denial that he
rad received any of the banks money. Homer l.
Castle, the Prohibition candidate for the Su-
perior Court said
If William H. Andrews asserts that he never
received a penny from the defunct Enterprise
National Bank and that his name does not ap-
pear paper for loan secured from that In
stitution he Is guilty of an unqualified false
hood can furnish convincing proof, If re-
ouired, that Mr. Andrews has received money.
not from the Enterprise Bank alone. but from
other institutions in this neghborhood-
I cannot say whether or not his loans from
the Enterprise aggregated so large sum as
100000, has been reported. but do know,
and am prepared to prove that his name Is on
a note at that bank for 100000 The note was
indorsed by Francis J. Torrance and Arthur
Kennedy and the loan gained through Mr..
Andrews's pull. which insured the bank State
deposit
I believe that have information sufficient to
show that certain State officers lent direct as
the Enterprise Bank upon collateral which has
known value. Tomorrow night speak at
Milton Penn, and at that time shall take oc-
casion to make public some information which
has come to along these lines.
The Commonwealth of Pennsylvania, in behalf
OF the State Treasury Department has entered
judgment in Common Pleas Court No. 2 for
50 10000 on four bonds aggregating that
amount against the Enterprise National Bank.
and the sureties on the bonds, who are as fol-
lows: Frederick Gwinner. James P. Mckinney.
Charles F. Stifel Henry Landgrun William T.
Bradberry, John Selling, Frank B. Smith, David
Morrison. Albert F. schwerd and James T. Ar
mold.
THE INVESTIGATION PROCEEDS.
THE ,n,,astieation Of the affairs of the bank
is making good progress. Far into last night
and the early hours OF to-day John B Cunning
ham rational bank examiner. who was ap-
pointed receiver OF the institution. pending In
Oosttnysd On third psxa -