Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1915-02-10


and that Hoverter must have known
something of the fraud that Binner
was practicing upon his directors and
the bank in making payment. There
are rumors that some notes also figure
in Hoverter's transactions with the
Schaefferstown bank, but no mention
of them has as yet been made offi-
cially if there are any such notes.
Hoverter was unable to furnish
$4,000 bail which was asked by
United States Commissioner II. J.
Schools. before whom the defendant
was arraigned. and he was therefore
committed to Jail for the night He
expected to secure bail to-day. EX-
aminer Logan stated that he made the
complaint and caused the arrest after
consultation with the United States
district attorney at Scranton.
Hoverter's Wife Faints
Hoverter's wife and daughter ap-
peared at the commissioners Office
shortly after the proceedings had con-
cluded and when the former left the
place she tainted on the pavement.
She was taken home in an automobile.
Hoverter is one of the men named
in the letter left by Binner to his wife.
in which he said that II am wrong
in my bank accounts. I do not have
a cent of the banks money, but am
caught by"-and naming three men.
Although Hoverter's name was con-
nected with the AFFAIR ever since
early last Saturday morning, it was
rumored quite generally that the ne
gotiations at the bank We're regular
as to legal form and that the shortage
was chargeable to Binner for having
accepted the paper offered by Hover
ter and in permitting overdrafts. The
arrest of the insurance man on Tues
nflhliP
ing. and the news created one of The
most profound sensat tions in the his
tory of this community.
Fail TO Get 9aiI
Hoverter, who visited the bank and
conferred with the directors several
times since Saturday, was summoned
to the institution again on Tuesday
afternoon. The other two men named
by Binner in his letter to his wife were
also present. 1t is stated that Ho-
Yerter was questioned at length as to
his transactions with Binner by Bank
Examiner Logan and at the end of the
conference Logan called in George
Leininger, the township constable, and
had him place the Insurance man un-
der arrest. Jacob +. Reinoehl, coun-
sci for Hoverter. hurried to Lebanon
and endeavored to secure bail, but the
hour was late and the effort fruitless.
IT was after o'clock in the evening
before the party started away from
SchaetferStown in two automobiles
Besides the constable and his prisoner
the party included Examiner Logan,
Urich b. Horst, president of the bank;
Samuel Bomberger. Jacob Stewart and
other directors of the bank News of
the arrest had reached Lebanon in ad-
vance of their coming and when the
party reached Commissioner Schools
office there was a, number OF news
paper men present. together with
Frank p. Hammar. local representa-
tive of the National Surety Company
of New York. which carries bond OF
$4,000 on Binner, and ]. \. Reilly,
an adjuster of the same bonding COM
pany.
Bury Suicide Cashier
That the people of the town still
maintain their confidence in the in
tegrity of young Binner despite the
startling disclosures at the bank was
evidenced this afternoon, when scores
of people of the town went to the Bin
ner home to pay their respects to the
memory of the young man whose
career only few weeks ago appeared
to hold such brilliant prospects. The
body was exposed to view from $40
to 1890 o'clock and few of those who
visited the home left dry-eyed. The
directors of the bank did not attend
the funeral in a body. but most of
them went to the house to view the
remains.
At ! o'clock the doors We're barred
to all but relatives and a few intimate
friends of the family. The Rev. Z. r.
Schantz, pastor of the Lutheran
Church conducted the brief rites.
Burial was made in the Scbaeffers-
town Cemetery, which is located only
short distance from the Binner
home. Adam Trostlc. Samuel Weik.
James Weik. Rex Weigley. George
Miller and John Beamesderfer, young
men of the town and former associates
of the deceased. ofIicated as bearers.
Dumping Ground For Bad Paper
1t was declared tonight by one
close to the bank that from all appear
ances Binners ignorance of banking
affairs and his overzealousness in seek
ing to make q good showing in the
matter of business done had made him
an easy victim of more experienced
and Inscriptions men, who converted
the Schaefferstown bank into
dumping ground for bad paper.
Binners friends, and they continue
TO be many, still point to the fact that
it remains to be shown that he pro-
fitted not one penny by his transactions
with customers of the bank
Hovcrter Prosperous Realty Man
Hoverter has been engaged in the
life insurance business here for years
and was considered unusually success
ful. He owned end occupied, with his
wife and daughter, a magniflcently
furnished home in North Eighth
street here. and has a summer cottage
at Mount Gretna. He owns a big red
automobile. He is about 40 years old
Every depositor was notified to pre-
sent his passbook at the bank this
morning to have his accounts checked
up. Already it has been revealed that
depostors have not been credited on
the books with amounts they have de-
posted in the bank.
One businessman of Schaefferstown
is said to have deposited $1,000 in a
lump sum, and while he was duly
credited with this amount in his own
passbook, he did not receive credit on
the books OF the bank, according to
report.