Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-07-31

confessed to his part, and after this
part was outlined to him. said
II refuse at this time either to affirm
or deny this story
Colfesh's S confession. which the vari
Gus investigators say is in their hands.
will possibly clear up III :he minds of
the ncighbors of the family how the
bookkerper lived in such style on an in.
come which ostensibly was only his
S115 monthly baak salary.
Meyers Career
Meyers career, according to the facts
which are said to be unearthed regard
ing his part ms principal in tn" bank
wreck. has been varied. lie is said
to have often been tempted with the
bait of worthless stock. and in exchange
for this valueless gift would permit
the bank funds to be drawn by every
wildcat fnancier whose acquaintance
he made.
1t has already been discovered, so
the Investigators say. that he held
stock In three worthless corpora tions,
in one Of which his holdings are 20.
900 shares. This stock. 1t Is said, was
presented to him, after a promoter had
wincd anu dincd and fattcred him with
attention. Flattcry. so the pIObers
state, was a rare function to Meyer,
and when this was coupled with gift
of stock. they assert the roate to the
tanks Golfers was open to any schem.
cr or stock jobber.
Those Commissions
But Meyers profit. however. revolvcs
about n commission" which Peter G..
Cameron. second deputy banking com :
missioner and his aids are said to have
come to the North Penn Bank and oh =
tain $4,000 on his personal note, un-
secured by any collateral.
The practice then was to cash this
note, charging 'broker's fee" of u
rer cent. or $1,000. Time and again
he investigators say, they have STUN
bled upon cases of this sort. and the
books disclose no account to which this
$1,000 could be credited The man who
pockctcd the money is said to have been
Meyer, and this practice is alleged tc
have amounted to thousands upon
thousands of dollars.
Mover. too, il is said. was often
concerned to keep his bank floating
Above water. when it was really IN =
solvent To accomplish this result, 1t
j. said, solicitors were engaged TO oper-
ate among the depositors of other
banks. To these patrons of the other
institutions attractive offers were made
10 change their deposit to the North
Penn.
Considerable interest was evinced
Yesterday in the failure of Daniel F.
J.sfean, when he WAS banking commits
sioner, to discover that the North Penn
Bank was inso!vent, and also whether
or not Charles A. Amber. when he il
said to have deposited S402 900 of the
funds of the creditors of the Pittsburgh
Life and Trust Company, was aware oi
the banks condition.
Amber Quiet
Mr.. Amber. smiling and uncommuni- :
cative as usual, refused to go into any
lengthy detail regarding the North Penn
Iiank and his connection with the de
funct institution.
when you put S4O2,0O0 Of the
Pittsburgh Life and Trust Company s
funds in the North Penn Bank" he was
.ked, "did you know its condition."
II have no statement to make" he
answered, urbanely, ''and besides, /
have never said that | put $402 200
IN that bank. And I'm not going to
make any statement about 1t now,
either. That's ALL"
Lawyer Writes Letter
Leo Weinrott, an attorney represent :
ing depOsitOrs. wrote second letter
} .'sterday to District Attorney Rotan
| " sisting that he investigate the part
which Amber played in the affairs OF
! the bank, as well as the part played
| b. Daniel Lafpan.' who, when he was
| banking commissioner, IA alleged to
have borrowed $1,000 from the bank.
! On July "a, Mr.. Weinrott wrote to the
district attorney informing him that un :
less he acted on the Amber and Lafean
cases within twenty four hours he
would do so himself. Mr.. Rotan was
not moved by the lawyers communica :
ton and yesterday. Mr.. Wsinrott wrote
III you do not act. 7 will"
weinrost Threatens to Act
The second letter read:
'Under date'of July "A I addressed a