Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1905-10-19
WILL NOT
LOSE A CENT
The State Of Pennsylvania is
Amply Protected in the En-
terprise Bank Failure.
THE CASHIER WAS I'LL
His Nervous Condition Prompted His
Rash Act No Personal Loans to
Senator Andrews.
Special to the New Mexican.

Special to the New Mexican.
Washington, D. c., Oct. 19.-The
Enterprise National Bank of Pttsburq,
pennsylvania, which was ordered
closed yesterday by the comptroller of
currency, was heavily interested in
stocks and lands Of the Santa Fe Gen.
tral Railway Company and The Penn
sylvania Development Company. The
loans thereon were not personal obli-
cations OF Delegate to Congress w. H.
Andrews, but were entirely transac-
tions Of the above two corporations.
Delegate Andrews has gone to Pitts.
burg and will return to New Mexico
about November 10. Had the pending
negotiations with the Atchison-T r opeka
& Santa Fe Railway Company to take
over the Santa Fe Central resulted sue
cessfully, the loans made by the En-
terprise National Bank would have
been paid immediately. The state of
Pennsylvania will not lose ,ne dollar
Of its funds deposited in ths bank as
it Is fully protected. Delegate Andrews
had nothing whatever to do with Sc
curing these deposits for the bank.
Other depositors, it is believed, will al
SO be paid in full, as the president and
the directors of the bank are in such
financial position as to be amply able
to make up any deficiency that may
be found.
IT. Lee Clark, cashier of the Enter
prise National Bank, was a visitor in
Santa Fe two years ago. He was quite
III at that time and near nervous
collapse. It was his intention to
spend a season at Antelope Springs,
Torrance County, in order to build up,
but imperative business duties called
him home to Pttsburg. His nervous
condition did not improve any and his
rash deed last night was undoubtedly
due to this III health rather than that
he felt himself involved to b - ess
extent.-Editor.)
The Bank Fully Protected.
New York, Oct. 19.-Concerning the
closing of the Enterprise National
Bank of Allegheny City, Pennsylvania,
and the suicide of it's cashier, T. l..
Clark, yesterday, dispatch to the
Herald from Pittsburg says:
1T was learned late Wednesday
night tha the disaster to the Enter
prise Bank was expected in certain
quarters. Plans for the exposure OF
it's traficking in state funds, it is
said, were laid weeks ago. Clark
was cognizant of this and talked over
the matter with several of the direc-
tors few days ago. The cashier was
told by the directors that he would
have to meet the paper obligations
negotiated through him. The suppo-
sition is that he was unable to 40
this. and, fearing the consequences,
took his own life. Clark was associ'
ated as treasurer with former State
Senator w. H. Andrews and Francis
J. Torrance, who, according to Presi
dent Gwynner, were borrowers from
the bank for the Santa Fe Central
Railway Company, incorporated in
1891. This road was built by Messrs
Andrews and Torrance. Clark was al
so a heavy investor in Mexico and New
Mexico silver mining stocks. At the
last election Mr.. Andrews was elect
ed delegate from New Mexico to Con
gress and it is said he aspires to the
Senate from New Mexico when tina
Territory becomes state. Failure
to sell the Santa Fe Central to th'
Atchison, Topeka & Santa Fe Railway
is said to be the cause Of the crash.
Securities Good.
Pittsburg, Oct. 19.-The investlga
ton of the affairs of the Enterpris
National Bank of Allegheny City
Pennsylvania, is making good prt
gress. According to President Gwyr
ner, of the bank, Cashier Clark, wh
committed suicide yesterday, after tn
bank was closed, was the treasurer
both the Santa Fe Central Railway an
the Pennsylvania Development Con
pany. These two projects were allie
and Clark furnished most OF the func
used in floating both The bank Ws
the custodian of the bonds or Dol
concerns which were held as securi'
for the loans. The personal notes
the promoters are also reported to
among the additional securities III
nished the bank.
w. H. Andrews denies that he ev
got a cent from the bank. Torran'
is Ill and Secretary Hagan, speakil
for him, also denied that he had be-
a borrower. Since the closing Of Il
bank 1t has developed that the Unit
States government and state Office
have been in Pittsburg within the Ia
few weeks looking into the affairs
the institution and particularly, it
said, to make an investigation of
statement recently made by HON
u. Castle, prohibition candidate
supreme Judge, relative to the acce
ance Of money from the state with I