The daily morning journal and courier., 1906-03-27
FIVE ARRESTS MADE IN
 ENTERPRISE BANK CASE
AFTERCLAP IN SENSATIONAL FAILURE OF ALLEGHENY
 INSTITUTION

Three Clerks and Forest E. Nichols,
 Private Secretary to William H. Ara1
 dreWs, and George n. Cooke, an AL
 legged Partner of Cashier Clark, Who
 Committed Suicide, the Men Taken
 Into Custody - Arraigned Before
 United States Commissioner and Re-
 leased on Bonds of s5,OOO Each.
 Pittsburg, March 26.-Five arrests were made to-day as a result of the affair of the Enterprise National bank of Alleglany which suddenly closed it's doors last October following the sen- sational suicide of it's cashier, T. Lee Clark
 Deputy United States marsha,ls took into custody Forest B. Nichols. private secretary to William H. Andrews: Charles Menzemer, George R. Ralston and Edward P. McNIillan, employees of the Enterprise bank and George El. Cooke, an alleged partner of Cashier Clark, in several real estate deals
 The charge against Menzemer is that as clerk of the bank he certified checks drawn upon the bank by persons who had not sufficient funds on deposit to meet the checks drawn and so certified. this constituting false certificatfon. Nichols is charged with conspiring with an officer of the bank who is not named to abstract and wilfully apply unlaw- fully monies, funds and credits of the bank. Ralston and McMillan, who were clerks in the bank, are charged with making false entries in the books to de- fraud the bank, while Cook is charged with conspiring to defraud the bank by getting false credits.
 The charges were formulated some time ago but the warrants were not is- sued because the officials desired to secure evidence that was being taken in certain civil proceedings. The men were arragned before United States com missioner and furnished bonds in $5,000 each.
 The arrests are q climax in most sensational financial collapse and are the result of the investigation made by Bank Examiner Edward F. Moxey, who furnished the information to Unit ed States Commissioner William 10, Lindsley The Information was baseed of the alleged conspiracy of Nichols to use funds of the Enterprise bank in the interest of the Santa Fe Central Rail- road company and the Pennsylvania Construction company.
 The story of the failure of the En- terprlse bank is one of tragedy throughout. One morning in October last the community wab startled by the news that Cashier Clark had commit- ted suicide by shooting at Rais residence in Bellevue, a suburb, Simultaneously the closing of the bank was announced, Great excitement was caused among the many depositors and runors ot heavy defalcations were started The directors of the bank later admitted that the funds of the bank had been misused, but it was many weeks be- fore the status of the banks affairs be- came known. Even at this date no definite statement of the probable div idend that the creditors will receive has been made although partial reports have been made to the comptroller of the currency,
 A warrant was also issued for Thora- as Harvey, former paying teller of the bank, but he has not yet been placed under arrest, as tle could not be found
 Tn add there are sixty-eight counts against the six men. Twenty-two are against Nichols, seventeen against Ralston, six against Menzemer, eleven against McNIillan, eleven against Cook, and one against Harvey, All the charges are for acts alleged to have been done between June, 1903, and the dafe of inc closing of the bank.