The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1905-10-24
JUDGMENT TAKEN
FOR $2,5oo,ooo AGAINST THE EN-.
TERPRlsE NATIONAL BANK.
The Amounts Are Against the Pitts.
burg Concern Which Held $780,
600 state Money.

Pttsburg, Pa, Oct. 19.-The COM
monwealth of Pennsylvania, on behalf
of the state treasury department en-
tered judgment in common pleas court
today for $2,500,OO0 on four bonds ag-
gregating that amount against the En-
terprise National bank and the sure
ties on the bonds who are as follows:
Frederick Gwyner, james p. McKin-
ney, Charles F. Stifel, Henry Land
gruff, William T. Bradbury, John Sell
ing, Frank B. Smith, David Morrison,
Albert F. Schwerd and James +. Ar
mold.
The bonds were given by the bank
to secure state deposits covering a per.
iod extending from May "a, 1898 untn
the present time. On that day State
Treasurer James S. Beacon, in pursu-
ance to a resolution of the revenue
commissioner placed with the bank de-
posits amounting to 900 for which
the bank gave the commonwealth =
Judgment bond for 100000.
The next bond was given to Treas
urer Beacon, on October fourth 1898
for 100000 to secure a state deposit
OF $4,000.
The next bond was given in pursu-
ance to deposit authorized throug'l
State Treasurer James Barnett for
| $500 000 The bond is for 81 ,00O. 900.
The last bond is for S1,200,000 and
was given in pursuance to deposit
authorized on June q, 1902 for $780,
600. This was during the incumbency
of State Treasurer F. G. Harris.
According to the last statement of
the treasury department the Enter
prise bank had in the neighborhood of
| 100000 on deposit belonging to the
state of Pennsylvania. The sureties
on the bond estimate their resources
to secure this s1,5S5, 900 The bonds
| indicate that as the state deposit was
increased at the bank the bond was
! increased.
STATE WILL NOT LOSE.
| Philadelphia, Pa, Oct. 19.-State
Treasurer William l.. Mathues when
seen in this city this evening de-
clared that the commonwealth will not
lose a cent of the S7S2,0O0 it had on
deposit in the Enterprise National
bank of Allegheny, the announcement
of whose failure and the suicide of its
cashier came together on Wednesday.
Mr.. Matthews said that all the mon.
eys were amply protected by surety
bonds and that he is not at all un-
easy. He said that so far as he knew
there was absolutely no truth in the
statement that moneys of the state
had been given to the Enterprise bank
with the understanding that they were
in turn to be loaned to state poll.
ticians, particularly William II. An.
drews, former Republican state chair
man but now of New Mexico. He de-
clared untrue an allegation that he had
deposited $4,000 in the bank the day
money given into the institution 8
care, he said, was deposited prior to
October /.
Senator Boies Penrose, who is said
to have endorsed notes for w. II. An
drews on the bank said: II know OF
no note of mine in the Enterprise
banks possession, either that I was
supposed to have endorsed for An,
drews or for any one else. know
nothing about Enterprise banks af-
fairs"
When asked whether it was true
that the states money had been Civ
en- TO the Enterprise bank with tho
understanding that they should le
loaned to state politicians, Mr.. Pen
rose said that If Such n thing had haan
done it was entirely without his knowl.
edge.
State Chairman Wesley r. Andrews,
w. II. Andrews brother, was seen
at the Republican state headquarters
and he denied emphatically that the
Enterprise bank holds any of his
Iromissory notes.