Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-10-19
ACCOUNTS SHORT.
Cashier Of Enterprise Nat
iona| Bank Of Allegheny
Commits Suicide by Taking
Poison and Shooting Himself.
~
Bank Closed by Comptroller Suicide Held
- Positions of Highest Honor.

Pittsburg, Oct. 13.-After an investi-
cation OF the books Of the Enterprise
National Bank Of Allegheny, which
disclosed that the bank was insolvent
T. Lee Clark, cashier Of the institution
for years, went to his home, in Lincoln
avenue, last midnight, spent a sleep
I less, nervous, night and, this morninG
. shot himself through the head. He
1 fingered until go, this afternoon
when death came.
An hour before the announcement
4 Of his death was received at he bank,
: a telegram came from the comptrollrr
\ of the currency ut Washington to cl"sr
Abe doors and appointing Bank TX
! aminer John Il. Cunningham as re-
7 &c iver. Following closely on the Or
der Of exciting events in lower Ale
Eheny came III" announcement 81 lis
president Of tn" bank, Fred Gwimer.
that Clark had loaned thousands 81
dollars to Pennsylvania poltlcialiS'
that ne himself had endorsed h"tt
. for $4,000, yesterday, for Clark, con
Guiding the statement, "that u lilr
shortage was only $l0O.OOO ne No"id
gladly pay it himself
The bank has state deposits when
will amount to about $SoO,OOo, OF Whlch
S39S,O0 is in the checking Of active
account and the rest il state sinking
funds
Mr.. Gwinncr in his statement said:
NEARLY 300 900 Of the 100000 state
sderosits of our bank is out on paper
scf state politicians. W. r. Andrews
.has Borrowed nearly 100000: Frank J.
,Torrance has borrowed considerable.
do not know nov much. But the bank,
/ state, is solvent.
Bank Examiner John y. Cunningham
spent most of yesterday and last night
working on the books With the cashier.
shortly before midnight Mr.. Clark
complained Of not feeling well ana
started for home. But earlier in tn"
afternoon the bank examiner was OF
the opinion that the bank vas insOl-
vent and so notified the comptroller
at Washington. At the bank, this
morning, notices We're sent out to the
directors for Il special meeting at
O'Clock. this afternoon. An hour be
fore that time the bank was closed.
The meeting Of directors lasted
sabout an hour after which President
Frederick Guinner made the sensation
al statements quoted. According to
the examiners report the resources
and liabilities of the Enterprise Bank
in the last report made Aug. 20, were
$2973 1888 each.
The Enterprise Bank cleared thrOuSh
the bank of Pittsburg. At that bank,
this afternoon it was stated that sutli-
Cient deposits were on hand from the
Allegheny institution TO protect tn
clearing house and that all checks had
been sent back to the original banks.
After the meeting one of the dlrec-
tors stated that the books had been
gone over hurriedly EcfOre the meet
ing and that so far as they knew they
We're all right The director said that
Sank Examiner Cunningham would
begin, Immediately, ar examination oL
all the books of the bank. This will
require about five days, he said, before
a statement can be made.
Mr.. Clark took his life while in his
bedroom at his home by drinking poi
son and then shooting himself i'll the
right temple.
Mr. Clark has lived in the suburbs Of
Bellevue for u years and has always
HELD positions Of the highest honor ana
trust in his own community. He rep
resented the second ward i'll Bellevue
council. lie was Il member Of TIL"
United Presbyterian church Of Belle
vue being Il member Of the official
board. He has always been actively
interested i'll the work Of the church
and was its largest contributor.