Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-08-13
PUSEY SAYS STRANG
K|TED BANK CHECKS
Accuses the Missing North Penn
Teller of Having Fake
Account
CASHIER HELD RESPONSIBLE

IglWOOu II. tDIIdhS' ihib'i'S NN''Ni VI
the North Penn Bank, who is sought by
detectives. was pawn OF Ralph Il.
Moycr. the accused cashier, and was
used to "kitc" bank checks to help
the credit of the institution, it is
charged.
This assertion was made today by
Colonel Fred Taylor Pusey, head of the
states investigating force.
Colonel Pusey said the investigation
has disclosed that Strang opened large
account in n West Philadelphia bank.
It apparcntly was a personal account,
but was. in reality, "kiting" account
for North Penn checks, it is asserted.
81 am Of the opinion" said the col
onel. "that this account was opened at
the instance Of Meyer, who was always
trying to boos- the credit of the bank
and Strang was used to kite the
checks.
Plans Bank Canvass
$50 firmly convinced am ] Of the
transactions that mean to have can
vass made Of all the banks in Philadel
phia to sec il any other clerks carried
accounts for the same purpose
Colonel Puscy said the investigation
at the bank was proceeding. but that
the task Of checking up Meyers papers
was most difficult. 1t was explained
that the examiners have found multi
tude of papers, deeds, Liberty Bonds
and notes bearing Meyers name.
The colonel said that the cashier
who is held in $25, 900 bail on criminal
charges growing out Of the failure, has
told him that these are assets of the
bank. The examiners, however, are
checking up each account.
THE great difficulty in checking uT
these numerous mattcrs,' said Colone
Pusey. "is also holding me up. have
only been able to go after the big debt
ors. As soon as complete statement
is made, and feel that it will be made
by the middle of next week, will e
after the little debtors. They will b,
told TO pay UP or face legal proceed
ings.'
Going After Boland
Iiouidation Of James j. BoIand tive
fire insurance companies will not pro
coed at the expense of other depositor!
of the North Penn Bank.
Boland has been designated as "tht
WIZARD in the North Penn Banl
looting by Colonel Pusey, special dep
uty attorney general appointed to super
| intend the liquidation of the bank
assets.
! Colonel Pusey said today he woult
fight any effort of the New York au,
! thorities. who have taken over the af
! fairs &C t!G insurance company, t.
! withdraw the money of the companie
! from the looted North Penn Bank,
This money, he said. would be KEEP
as security for the personal notes o
Boland, the only security for which wa
the insurance money deposited in th
, dcfunct institution.
Bond Companies Oppose
The bonding companies, which. undc
| the New York law. arc compelled t
! make good to the stockholders in tn
| insurance companies, are expected t
wage determined fight to have the in
surance deposits treated as other de
poSits, regardless of the numerous 30
! land ovcrdrafts, said to total in tn
neighborhood of $4,000
! Boand, himself. has not venture
| TO accept the invitation to come TO thl
rity and help straighten out his af
| fairs.
He probably trippcd over the stat
/ line" Mr.. Pusey said when he hear
| that Boland had decided to come an
then changed his mind.
He referred to the general belle
that Boland is afraid to come into tn
jurisdiction of Pennsylvania because c
the fear that there is warrant fo
his arrest waiting to be served as 500
as he crosses the state line.
Il will make a long fight before
will pay that S120 900 check Colon'
Pusey said after a conference with II
s. Houck. an official of the Bolan
companies. and +. e. Mccormick, Bol
and's counsel.
"I.ikcwise. | will demand who
lot before ! will accept the two insur
apce companies accounts as being regu
lar. or until they are proved So h
continued.
Another Arrest Expected
Another arrest as the result of II
crash is expected. James T. Cortelyot
chief Of District Attorney Rotan's dc
tcctive force, let it be known that dc
velopments might be expected from b
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