Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-08-01

earned yesterday that he had been
employed ms boy by s. j. Ricbcn, u
.ormrr director Of the bank Ricben
was the indirect cause of run on the
North Penn Bank some years ago. He
vas interested in western mining
project and withdrew $4,000 Of his
deposit there to 60 West to make a
personal investigation of the properties.
\ rumor got about that linked this
I'D with some other circumstances and
brought flock of depositors about the
institution which at the time had CON
siderable difficulty in weathering the
Storm. StraDg was then the paying
teller. Rieben returned to Philadelphia
for time but has since returned West.
lie also registered as director of the
bank.
Colhpsh. who was on the verge of a
breakdown last Tuesday at Meyer :
learing in Central Station, has rccov-
cred his "ncrvc' and was smiling and
confident when he reached the bank this
morning.
The Motor Sales and Service Com
ramy. Of which Colflesh is now re-
vralcd as secretary, was formed ou
1arch I. 1919, when a partnership
agreement was drawn up between Mrs.
Sarah +. Mcclellan, of Darby. Win
field K. Hates, of 3O49 North Twenty
sixth street, and Colflesh, who is
Nates's uncle.
Hates is on the books as treasurer,
and J. Il. Mcclellan, the husband of
the woman partner. is general manager.
Mcclellan, Hates and Cohcsh each re-
ceived $50 week from the company. in
addition to sharing the profits. The
company deposited altogether about
$1,000 in the North Penn. Its over
draft. when checked up yesterday. was
found to be $lJ 900 instead of so, 600,
ell the checks being signed by Hates,
the nephew of ColilcSh. as treasurer.
Hates was married last June and
lives only a few doors from Colflesh.
lie was in the automobile business be-
fore joining with Co!ilesh and Mrs. Nc
Clellan in the Motor Sales concern,
which handles second hand cars.
1t was said yesterday BY one of the
investigators that the company has
done such a flourishing business since
it's inception. and has such supply
Of accessories and used automobiles on
hand that it will probably be able to
make good its $4,000 oyerdraft.
The startling statement of Joseph
Friedman that he had seen Gottlieb
EppIe, the bank messenger, take bags
Of money out of the bank late at night
many times. is being investigated by
Receiver MacBurney.
Friedman lives at 24o1 North Holly e
wood street. Hr had SOL on deposit
at the bank. When he read yesterday
that the probers were of the opinion
that Il large sum had been stolen from
the bank, he determined to tell what
he knew. He was refused admittance
10 the receiver, but submitted the fol-
lowing statement. Although made out
in the form of an affidavit it was not
subscribed TO before n notary:
Il, Joseph Friedman, 2457 North
Hollywood street. do hereby swear that
/ have seen Mr.. Epplc, the bank runner,
in Mr.. Meyers office about 6 80 p. IN.
in the evening. pack a suit case full of
money and carry same out of the bank
for the last year and half. This |
have seen from the back of the syna :
Cogue which | attend every day and also
for the last one and a half months
Every time Mr.. Epple sees me he starts
TO Shiver and tries to keep out of my
way"