New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-26
FEDERAL PROBE STARTS.
Controller Kane Begins Investigator
of Enterprise Banh.

Washington oct 25-Actng Controller of the
Currency Kane to-day directed Edward F. Mickey
national bank examiner of the Pittsourg district
make the investigation desired by the Depart
ment of Justice of the affairs of the Enterprise
National Bank of Allegheny. Mr.. Moxey is IN Chi
cago. but will proceed at once to Pittsburg.
The examiner will make his report directly to
the United States District Attorney of Pittsburg.
whom he will assist in legal proceedings are
instituted This, it is stated IS the usual course
followed in such cases and is taken In order that
the District Attorney may be placed IN possesslo non
of all facts necessary 70 qeteflhiiio "iio'iOt "a n.y.
any action is required by him.
Harrisburg. Penn. Oct Ex-Governor Pennyback-
er tonight made public the following copy OF
letter which he to-day to President Roosevelt
asking for federal investigation into the affairs
of the Enterprise National Bank of Allegheny
The Enterprise National Bank doing business in
Allegheny has recently failed having at the time
among its deposits $1030000 of the moneys OF TINS
Commonwealth. These moneys were deposited upon
the faith of the stability of the instltu,on arising
because of these deposits the Commonwealth Is
ton of its financial affairs. Our Commissioner Of
Banking has no control over It, and no power 10
lied under federal law and subject to your super
vision, write to ask that f9 coInpie'e ve ana
thing connected with the condition of its aHalrs
may may he fully disclosed am ready render al the
assistance in my power to secure a thorough as
certainment Of the factS.
Pittsburg Oct. 25.-United States District Attor-
new John w Dunkle reached Pittsburg to-day from
his home at Warren, Penn, and when asked what
instructions he had received from Washington re-
garding government legal intervention in the En-
terprise National Bank matter, said:
I have not received any instructions from the
Attorney Generals office, but expect some word
later in the day. | not familiar enough with
the affairs of the bank the progress of the eX-
animation to say whether action is necessary from
the Department OF Justice. put II conai1ons war
rant action. certainly expect instructions TO aid
in Furnishing any wrongdoer
A new force Of employees was at work to-day with
the books of the Enterprise National Bank. All
the old employees except the bank messenger were
clerks were at once put to work. Receiver Cum
ningham refused to assign his reasons for making
the changes.
The bank directors were in session last night un-
til long after midnight 1t is said the purpose or
the meeting was to arrange for the immediate col
lection of all outstanding notes held by the bank
Within the last forty-eight hours many of the
notes have been lifted but considerable trouble is
resulting said. the discovery that in sew
eral instances the collateral was missing.
John Maroon attorney here, Is authority TOT
the statement that legal proceedings, both criminal
and civil. TO be brought in connection with the
failure the papers can be prepared
Il represent client" said he, VINO negotlated
a loan at the Enterprise National Bank putting
up collateral Ill shares OF Crucibe steer STOCK
found the collateral note, but no securities we
find that the stock certificates had been stripped
from the loan evidently by Clark and used IN
negotiating loan in national bank IN Pittsours'