Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-08-05
MOUe to Punish
Bank Guilty Today

Continued From PAGE One
| drew their deposits out of the bank the
night before it failed because they had
been advised of its condition." he was
asked
Il don't know" Cofesh said. be =
cause never worked at the bank at
night. I know. though. that anybody
could dray money out because checks
were cashed on the last night
"Of course. mans got to take his
medicine.' was the plant of Mover,
but some of these things that the
newspapers are printing about me
amuse me; other things that they say
hurt. But they have published lot of
lies about me.
Letter of SprOul
Colonel Pusey denied that he had re-
, ceived a letter from Governo.. Sproul
| instructng him on methods to be pur-
sued in the investigation. Asked
whether such letter had been received
by him, James W. MacBurney. receiver
for the bank, said he had orders from
John $. Fisher. commissioner of bank
4 Ing. 10 say uUluluS.
The depositors are i. censed because
they have not been taken into the con :
! tdence of the officials" he was told.
They should go for all information to
Mr.. Fisher"
The directors of the bank will also be
called upon for information by Colonel
Pusey. Louis Michel, the president
will be the first to be called. Charles
A. Amber, former state insurance com .
missioner. who deposited S4O1 900 OF
state funds in the bank and borrowed
between 500, 900 and $4,000 from
the institution, has not yet paid his
debt. He failed to call on Mr.. Pusey
yesterday. although the latter said he
lPT furnished him with a complete list
of his loans. made at various times
while he was in public office.
Moyer will be indicted this month
according to prediction of Assistant
District Attorney Taulane. He is now
preparing a summary of the facts which
he will present to the grand jury.
Matter Up to State
According to William II. HUT. dep
uty governor of the Federal Reserve
Bank the United States Government
cannot prosecute the bank officials ever
if the depositors lose their Liberty bonds
through their peculatiOns. According
to Mr.. HUT, this is matter entirely
for the commonwealth. This bank. like
all others, merely acted as agent for the
United States Government in selling tn,
bonds, and because the North Penn haC
no further connection with the Fedora
Reserve Bank the national authorize,
are not empowered to prosecute in such
a case.
The district attorneys Office NAV On.
counter handicap in prosecuting
Meyer because entries made in th,
juggled accounts were made by tyne
writer. The records do not reveal an,
handwriting and bear no marks to idon.
tify the persons who wrote some of th,
items.
DepOsitors Meet Friday
, Depositors will hold another meet
ing Friday night in the North Pen,
Theatre, Twenty ninth and Yor
Z streets. The depositors' association ba
started fund for the relief of thoS
reduced to extreme want by the ban
: failure
e Louis Fl. Michel president of tb
wrecked bank. who conducts a baker
n at Thirty first and Diamond street.
would not discuss the case TODAY
An interesting incident in the ban
scandal is the fact that Meyer an
all the other bonded employees of IN
North Penn Bank were bonded b