The Morris County chronicle. [volume] (Morristown, N.J.) 1877-1915, 1905-10-24
BANK CASHIER 4 SUICIDE
7. Lee Clarke, Of the Enterprise Ma
tionaI, Of Pittsburg, Pa, Dead,
AFFAIRS OF BANK IN A CLOUD

with the Financial Dealings OF the
Instltution = state Funds Alleged to
Have Been Misused For Private Gain
-Co1DpirolIer closes the Doors.
Pittsburg, Cashier T. Lee Clarke,
Of the Enterprise National Bank Of Al
legheny, and an elder in the First
United Presbyterian Church. Of Bel
levue committed suicide by taking
Iaudanum and shooting himself. The
Enterprise Bank was closed by the Ma
tional Bank Examiner.
The Enterprise National Bank had al.
most $750,000 in state funds. That
the bank was carrying 100000 in
paper from Pennsylvania politicians
is also alleged. 1t is asserted that the
failure of the Santa BE system to take
over an option on property in Arizona
promoted by Cashier Clarke and others
was the indirect cause Of the crash.
How much of the State money was
used up in this deal has not been made
public, but there is q record of one loan
Of 100000 to a concern managed by
w. X. Andrews, Territorial representa-
tive of New Mexico, in connection with
Il. j. Torrance, a prominent Pennsyl-
vania Republican politician, exState
Senator Arthur Kennedy and Cashier
Clarke.
In the banks aiIalrs ail was chaos.
president Frederick GWlnner said:
Il have been only q dummy Presi-
dent. Tney used me, my name and
my money 1t will Kill the Republican
party IN pennsylvania. At least,
and ruined me assWell as many others.
we nave Deen ruined py the accursea
hepuDilcan macnlne III pennsylvania.
state Banking commissioner Jonn A.
Berkey, Oh Somerset, ana Jonn w.
MORRISON, one OF ms deputies, vlslted
the DanK. stare treasurer Matnleu
sent an aaultional deposlt OF stare
FUNDS amounting 70 $oV'OuV, Whlcn
MADE tne total amount OF state lunds
IN the DanK $toz,ooU
torrance, who is mead OF the Stand
ara Manuracturlng company, and one
Oh the Eeadins hepuDncans OF Penn
syivanla, was seriously ~. lie mas
Deen cioseiy luehuneu Win the onclals
OF the Dank now IN the hanos OF re-
celver.
Casher Clarke Went 10 the pank,
where ne remained over ms DOCKS until
long after midnight ABOUT y O'Clock
PRESIDENT Gwlnner cropped IN to see
MIN: he asked II anySning was wrong
OF u ne coulu 40 anything
III gave you $1UV,VOV, Mr. SaarKe, II
you need II ior 9 llme' salu the ola
PRESIDENT. I'm AFRAID all is not well
mere"
Ihank you, MI swimmer, Dut the
Dank Is all right ana I'm all rlgnf,
Clarke announced.
Two hours later ClarKe went nome
and, rising early II the morning, took
dose Oh lauuanum, put II was not SUI
ncient 10 XIII MN. He persuaded MS
Iamily that II had peen mistake, ana,
DRINKING a cup OF Gomez, ordereu MS
carnage crought 70 the uoor IN oruer
mat ne might NOT pc late az the nahk.
lie Kissed ms VIE ana iour cnlidreh
good-pye' ana Went out on tne long
porch PACK OF ms $5VO'VoV nome Inere
ne shot himselI througn the nead.
| Homer 4. OasIie, Prohlnluon candl-
uase TOT otate superior COURT JUDGE
~ puDiic SEVERN Weeks ago mute lle
Geclaration that united states SENATOR
boles Penrose and others had obtained
loan from the Turtle Greek Bank OF
Alegneny county, ana mat the notc
Tor the loan mad peen turned over 70
tne enterprise Bank ir was mann
famed Lhat tnere was Juggling win
iuhus OF lne STATE, ana united States
senator fenrose came out Win pltter
attack on Castle, saying ne was
mar.
Later castle made the declaration
Inat the enterprise Bank carried $z0o-
Voo OF paper noated by ANDREWS ana
otners, that the loan nad peen mace
Witnout INTEREST because andrews anu
MS Irienus had oDtaihed TOT the enter
prise Bank large deposit OF state
lunas'
Inere were loud cans from the pubic
ior animation OF denial Oh TINS rumor,
put none was forthcoming. rms crasn ASH
Drought out the fact that the $zUOVoO
loan was there, not IN the name OF the
territorial representative OF New Mex
~, 0NL ~ tAAS ns,iiO - eAAS SH.sJ
F"Aia DeNSiopnehb OVH1pahys WINCH