The sun., 1905-10-19

Io'dny'4 Developments show that Cnatlo
wns cery near tho truth Later Castle
made the orrh declaration that t,p tntrf.
prise Rnnk carried s?n.onO ~ the Andrews
paper and others, that the loan had been
made without interest baca,lsp Andrewa
nnd his friends hnd srcurnd for the Entef-
prise Bank q large deposit ~ state funds
There were loud calls from the public for
affirmation or denial ~ this r,imor. b,l none
wns forthcoming, the officials ~ the bank
evidently choosing 60 take refuge In silence
To-doy's crash brought out the fac, that
The cD,oD loan was there not In the na,nr
OF the Territorial representative Of New
Mexico, but in the name Of the pennsyl-
vania Development Company, Of which
Andrews is the whole thing Andrews,
who Ia back from New Mexico for time,
was seen this evening and asked about his
connection with Cashier Clark.
Yes. I have heard Clark In dead. Too
bad, amt it' MeY Oh, don't know any
thing about the banks affairs. Clark.
Torrance and Kennedy took care OF the
financial end OF things. I don't know any
thing about It,"
With this the New Mexico representative
Rtrolled down the. street just why the
100000 loan to the Pennsylvania Develop
ment Company was foated with the Enter
prise Bank to put through a deal with the
Santa Ft road-a million dollar deal it was
advertised as -is something that must he
explained later That the $2OO,OOO was
State funds IL almost certain. Asked why
his bank accepted this paper, President
Gwinner said tonight that he really did not
know.
JUST A DUMMY PRESIDENT.
But as president of the bank why didn't
you know all about paper taken in by your
bank?"
Il am afraid was only dummy presi-
dent. My r 1ney counted, not me-" said
the president, who has sunk most Of his
fortune in trying to hold the bank up while
the politicians Of the State preyed on it.
-Only dummy president. l paid their
bills"
The last statement of Gwinner brought
further investigation when it was un-
earthed that some time ago it was made
known among bankers that all was not
right in the Enterprise Bank of Allegheny.
President Wilson I. Shaw Of the Bank Of
Pittsburg, meeting President Gwinner on
the street. said to him:
DetteT kel DICK nOlls anu dtJenu 10
your bank. It's rotten"
President Gwinner made some investiga-
ton when Cashier Clark's alleged bad
work was first made bare. He had given a
note for $500, 900 to the Bank of Pittsburg,
making the Enterprise National Bank Of
Allegheny security for it. This was with
out the knowledge Of the president or
other directors OF the bank. President
Gwinner, to save scandal paid this note
out of his own pocket. What has become
Of the money has not been disclosed Within
forty-eight hours of the time he killed him
self Cashier Clark bad President Gwinner
indorse for him a note for S5o.0o).
President Gwinner is one Of the best
known financers Of Pennsylvania. This
Is the second time his fortune has been
swept away. In 1877 he was caught in
the Bank OF Manchester failure, which,
strange to say, was in the same building
occupied by the Enterprise National Bank.
"The building is hoodoo, wept the presi
dent tonight. But all would have been
we'll had the politicians but let our people
alone. This has killed more than Mr.. Clark.
1t has killed the Republican party in Penn
sylvania, or at least hope 50, for it has
been responsible for all our troubles"
The directorate of the Enterprise National
Bank, as shown on the books, is Fred
Gwinner, president; William Bradberry,
T. Lee Clark, cashier;
james P. Mckinney, Charles F. Stifel.
A. F. Schward, David Morrison, August
and William A. Selling, direc-
tors.
The Enterprise bank had a capital of
5000, 900 and deposits of 81, $50, 900, accord
ing to its last official statement. Its New
York correspondent is the Hanover National.
STATE PROTECTED BY BONDS.
HARRISBURG, Oct. 1s. - Beyond the
statement that the Commonwealth of
is fully protected from loss
in the failure of the Enterprise National
Bank of Allegheny, the under officials
of the State Treasury decline positively to
tell anything concerning the public funds
tied up in the wrecked institution.
On September 30, the date of the last
monthly report of the State Treasurer, the
Enterprise carried State deposit of S5S2 600.
Whether this amount is greater or less
to-day the Treasury attaches will not say.
State Treasurer William l.. Matthew is
at his home in Media, devoting all his time
to an attempt to save his Delaware county
political machine from destruction at the
hands Of the fusionists. Cashier Pierce is at
Del, attending a wedding
a nd win not return to Harrisburg before
Tomorrow. In the absence Of his superiors
Assistant Cashier Dewey refuses to dvulge
any Of the facts concerning the Enterprise
Mr.. Dewey said this evening that the
State Is fully protected from loss by gilt
edged bonds worth nearly s4,00O,0OO. He |
declined, however, to give the names of
the bo .asmen or reveal anything further |
as to the nature of the securities.
In view of the apparent relations of the |
with the big State politicians
b is presumed that a considerable sum Of |
sinking fund money is also tied up in to-
lays failure.
SANTA FE CONSIDERED DEAL
CHICAGO, Oct 1s.-President f. P.
Ripley of the Santa Fe road was surprised
to-night when told that the failure Of the |
santa Fe to buy the new road in New Mexico |
aad been responsible in part of such tragic |
results in Pittsburg.
"We thought Of buying Andrews's little |
-oad some months ago, but the owners
wanted too much money for it," said Presi,.
dent Ripley. AS far as we were concerned
,he matter was dropped. do not see
how a Pittsburg bankl could be concerned
n the matter unless 1t had been putting
a., tl,o ,,ocpay to huild the road hoping