Evening public ledger. (Philadelphia [Pa.]) 1914-1942, August 06, 1919, Night Extra Financial, Page 2, Image 2

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EVENING PUBLIC LEDGEK PHILADELPHIA, WEDNESDAY, AUGUST 6, 1919
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UBifl.T.
INST1
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&j lrtous Traffic Congestion Re-
'' suits as Carmen's Action Para
lyzes East River Linos
VEHICLES PLY OVER BRIDGE
New York, Aug. 0. Service on the
Mibways, elevated nnd trolley lines of
the Brooklyn Rapid TrnnBtt system was
demoralized at the rush hour early to
day by tho strike of part of th,e com
pany's 13XX1 employes. The walkout
set for 5 a. m. did not assume serious
proportions until S u. m., when thou
sands of pnsencors on their way to work
In New York from various borouRhs
across the river waited in vnin for cars.
The East Itiver bridces soon were
crowded with automobiles, motortrucks
and other vehicles prccd into service.
Congestion In the subway train-, which
were operated on a limited scale, was
most marked. Trains on the "I- roads
ran desultorily and the surface enrs
gave only part service.
Motormen employed on the elevated
and subwn.v lines of the Urooklyn com
pany, who nre members of tho llroth
erhood of Locomotive rnglnecrs, will
quit work at 4 p. in. today in sm
pathy with the striking trainmen nnd
guards, nccordinc to Kdwnrd Smith.
chairman of the cxcctiiic committee of
the street car men's union, who said
he had been so ndvi-ed 1 a represen
tative of the brotherhood.
Nonunion operatives ocean putting
their cars into the barns at 7::?0 a. m.,
declaring the attitude of the strikers
was threatening- rickets were to make
their firBt report to the union leaders nt
10:30 a. m as to the number of men
on strike.
Thousands Forced io Walk
The greatest congestion was in South
Brooklyn, where thousands of pernn
were forced to walk. l'one Island
virtually was isolated, so far us "l,"
trains were concerned.
A few minor dNtuibnnces were re
ported by the police as strikers at
tempted to gain recruits at the car
barns.
At two mectijgs, the latest adjourn
ing at 4 a. m.. between 12.100 and oOOO
employes of the Brooklyn Hapid Tran
sit Company, members of the Amalga
mated Association of Street and Klee
trlc Railway Kmplojes. voted to strike
to enforce demands .'or un eight-hour
day, recognition of the union and in
crease in pay to spentj-hvc cents mi
hour for all trainmen nnd n propor
tionate raibc for other employes.
Receltcr Rejects Demands
These demands, which were submitted
to Lindley 51. (Jnrrison, receiver in
control of the company, had been re
jected. Receiver (inrrion, in his re
ply to the men's demands, refused to
deal with what he termed nn "outside
organization."
Immediately after delivering this re-
tto th,e demands of the unionized ern
es, officials of the company began
inizing forces to operate the cars.
y relied upon the motormen oil sub
and elevated lines, who are mem
bers of the Brotherhood of Locomotive
Knglnccrs, to report for duty, as they
vere bound by contract, which it was
believed they would respect.
The police department was prepared
nt an early hour to give protection to
car crews nnd passengers, and United
States Marshal Powers took steps to
safeguard the receiver's interests, if
directed so to do by the federal court.
READING GROCERS PROTEST
Object to U. S. Selling Food May
Run Near-Beer Bars
Reading, Pa., Aug. 0. Members of
the Reading lietail Orocers' Associa
tion, in open session last night, attacked
causes for the existing high cost of liv
ing, censured the government for selling
carload lots of foodstuffs and advising
radical steps for reducing prices.
One member made the charge that
5,000,000 eggs are held hero in cold
storage, resulting in exorbitant prices
for fresh eggs. The grocers were ad
vised to sell near-beer and other non-
Intoxicating beverages and prohibition I
drinks in defiance of liquor dealers'
warnings. One member declared that
the association's nttornej hnd declared
such sales legal and within the law.
It had been said that the sale of
brewed beverages was illegal, if the ills
penser did not have a hotel license, but
the attorney decided othrewise.
BLAME REDS FOR BOMBING
Federal Aoents Checking Up Radi
cals Prosecuted by Lawler
'los Angeles, Aug. 0. By A P.l
Officers of the Department of Jimticp
today began checking up the activities
of known radicals in un effort to ap
prehend those responsible for the ex
plosion which wrecked the home of
Opoar I.awler early Sunday morning.
Federal officials are convinced the
dynamiting was perpetrated as nn op!
podc in a nation-wide campaign of ter
rorism. They pointed out that the
terms of many of the men whom Mr.
Lawler, as special assistant attorney
general, prosecuted at Indianapolis In
3914 for illegally transporting dyna
mite, are expiring, and that the con
victed men may have pluuued retaliation
gainst those connected with their
cases.
The condition of Mr. I.awler, who
' r -wbls ,,vw.j .......... ... ... c lIUll
a.IaiioIV ltttln,l In ,ha Ana -I.
. llni-pil the einloslon. was imnrnvoit
today, and Mrs, l-mvlcr was said to be
virtually out of danger.
SICK MAN ATTEMPTS DEATH
AVIfe Finds John Hobland Uncon
" aclous From Inhaling Gat
ri .A vain effort to end his life was mnde
okrlr today by John Hobland, 00 North
Jferty-seventh street, Camden, accord-
: ffcf'to the police ot that city,
-;,Hbland, who is forty-seven years
U, ban been ill for several months. He
(,'srtat Into a second-story room of his
ItMBfl this morning, the police say,
ptaetd a Kas tube in his mouth and
tuwwd 6n the jet.
.r'Jke man ws unconscious when dis-
taby bu wife. A quick run was
t the )'eft Jerey Homeopathic
-jrjtai mi MobJaad will
North Penn Wreck Sends
Insurance Co. Io Wall
Wreck of the North Penn Bank
sends a New York Insurance com
pany Into receiver's hands. Another
company Is said to be heavily in
volved. County detectives early todny got
warrants for men Implicated in the
bank smnsh.
Commissioner of Banking l"lher
declares his belief that the ruined
bank was victimized by an outsider.
The commissioner snld the "out
sider" was n "crook with a notori
ous record."
Chnrles A. Ambler, former stat
insurance commissioner, has not yet
made good his heavy overdrafts, ac
cording to state Investigntors.
J, A, PHILLIPS DOITS
COMMITTEE OF 100
Labor Leader Charges Organi
zation Is Opposed to Work
ing People
CAMOUFLAGE IS ALLEGED
John A Phillips, vice president or
the Pcnnsvhnnin I ederation of Labor
nnd vice president of the I hilndelphis '
Ttnogrnphicnl 1'nion. todny resigned
fiom the committee of one hundred.
This is the second reiguntlon from the
i onnnittee.
It follows closelj that of Mrs. Archi
bald It. Harmon, which wns presented
to John Walton, chairman of the com
mittee, cstcrday, and which declined
the committee to he "too much dom
inated h Penrose."
In his letter, dated today, to Mr.
Walton. Mr. Phillips charges thnt the
"committee of one hundred movement
a lit present controlled is not onlj not
representative of, but inimical So, the
best interests of the working people of
Philadelphia : that it is hollow and de
ecptle, and that It is universally recog
nized us camouflage for the purpose ol
playing the outs against the ins with a
desire for political control ns the pre
dominating motive."
Letter to Walton
The letter sent to Mr. Wnltou toda
rends :
'Tor scerul dajs I have been con
sidering seriously the propriety of re- j
mauling as a inemner or me committee
of one hundred to which I was ap
pointed without m knowledge or con
sent nnd presumably because of my
lonnection with the organized labor
movemeut.
"As a member of the charter commit
tee 1 had in-operated with that body to
the extent of my abilitj. with the belief
didntes for office who could be relied
basis for u spontaneous movement on
the part of the citizens of Philadelphia
toward better municipal government,
and make possible the selection of can
didates for office who could be relied
upon to work out that lesult.
"After attending the organization
meeting of the committee nnd after
examining its personnel and the list
of committees announced (on none of
which has labor been ghen representa
tion), I am forced to the conclusion
that any hope which I maj have en
tertained as indimted nboe is futile
in so far us the committee of one hun
dred is concerned.
Not Rcpresentathe. He Says
"My rem-ons for reaching this conclti-
sion. which lias been arrived at utter "' ioik, io i-mmi-i-uuii mm nn- cuni
n free and open discussion of the situa- pany's present difficulties, is "as of
tion with many persons acquainted with .March HI. l!)l!l." insurance experts
its various aspects, are tnui me com- (
inmcc oi one utiuiucil uiovniiriii is hoc '
onlj not representative of, but inimical 1'nder the New Y'ork law the $100,
to, the best Interest's of the working peo- ,000 needed could not be boirowed from
pie of Philadelphia; that it is hollow i u bank by the insurance company. If
nnd deceptive, and that it is universally this procedure were followed, the bor
recognied ns camouflage for the pur-, I0U,., money would bo considered n
pose of playing the outs against the ins. jabilitv. mid therefore would not add
with a desire for political control us to th(. stability of the insurance com
the predominating motive. J .,B,.V
"As vice president of the Pennsylva t vollll, be permissible, however,
ma r ederation of Labor mid as a rep- ,,. Ti(.inl of ,,1C ln81Iruni.c companj
lesentativo of the Philadelphia Tjpo- , ,, ,ho llloucy Ueoded on his own
Kru,....cu. i. no,. -Ulluc agree to Deaipm, ,, 1PspIlsjbility. and deposit
pur., to sue., ciece,,,,,,,, urn, ,,erci,j pre-
sent mi icsignat.on us ,, member of the ,
committee ,,: one hundred, to be ef- I
fective nt once.
.... , - . .,,,
HOLD PASSBOOKS, IS ADVICE
n.nn.linr t.ii. ntUmr. w - e.n
vWr.wu..w. ....... vhn.d iuh IU S7CII dl
Discount
"Hold on to jour bank books!" That
is the advice gion to nil depositors of
the wrecked North Penn Bnnk by
Samuel Moyermnn, one of the de-
positors of the North Penn Depositors'
Association.
Mr. Mmcrinnn mnde that statement
when it was brought to his attention
that hank books nre being bought in
mr umi"i ,ii. n.i. ..v mi- race ui
fifty cents on the dollar. Fin tier nt Hmnni, nn" , B . i ""'" tenening time no complaint is tiled,
Beports huve it that widows and i t'tft' ' ItUlllfJIJ , ".since that time I have found that , the new and higher rates become ef
other persons in need of funds have i he was the bank examiner who mnde the fective at the expiration of the thirty
been approached ivith offers to pur- ! ntlnnt from 1'nee One last examination of the North Penn .day period.
chase their books at thirty cents and gressmnn Moore's name Mr. l.une ,d : ' "k- in September. WIS. I'nder the' The Wt'VntonCamwyhnto
1. - " the dollar , ..Mr. Moor(,H namc , bcpn ,, provisions of the new bunking depart- , ZZ Wvernm Increased
through the natural course of ellminu- mrai "'' of Mn-V -' 1"1"' ll" examiner ' rnt0, of) ,,er reut more tlinn prior rntos.
SOCIAL SYMPOSIUM TODAY 'tiou- ItllvinB U(,en chosen apparently I who has made an examination of thoif u't "tho end of the period allowed bv
by the other side it wns hardly to be affairs of a bank within one jear pro- 'the government for the collection of the
St Vincent's Professor to ConHiirt' MP' tl that ho would be fuored by vlous to the taking of possession thereof rates established by the postmaster gen -oi.
Vincents rroressor to conduct ' ....... ' ... ... .i ,,.., i ,ui.i...i i i, oomnnnv xt III continues to co -
Session at St. Joseph's
The Rev K. P.
Moron, professor
dogmatic theology nt St.
ilicent's
Meinmary. i.ermniitown. will conduct
toc.uy tne second sjmposium ot the long
series in the summer school course on
social problems at St. Joseph s Hos-
Itltnl.
m.. . . 1 M 1 .i .. in
Ill" LUUIM tiiruru .llllllllU, null win
, , .. . .
continue ior six weens. i-ronunent
Catholic religious educators and phjsl-
!.... on.l tlina 1(11 ntsn III liiaiiI, n I '
the various sessions, which close Sep-
teml.or 1"
Father Moran's topic is "The In
fluence of Kducutlon on Social I. lie.
DYING FROM AUTO BURNS
Explosion Follows Attempt to Find
Gasoline Leak With Lamp
Shenandoah, Pa., Aug. 0. While
repairing u motortruck today, Frank
Whltsavage endeavored to locate u leak
Iu the gasoline tank with the aid of a
lump,
Whltsavage was fatally burned in the
explosion that followed, the motortruck
was destroyed and the fire department
had .difficulty iu subduing the flumes,
which communicated Jo buildings near
:oiul
i
br
M. Y. POLICYHOLDERS
BE PROTECTED
Collapsed Insurance Company
Can Reinsure Clients in Other
Establishments
$1,750,000 IN FORCE HERE
Polio holders In the New York Nn-
tlounl Insurance Company, forced Into j
liquidation through failure of the North
Penn Bank, may be protected b re
insurance. The I'ennsjlvunla Insurance
Department's llllll report, the list
available, shows Sl.TiiO.OOO of Its in
surance in force in this btatc.
One of the best -informed authorities
on insurance matters In this city today
gave the opinion tliut the policyholders
ma be protected. As he explained It.
the Kt.",00() In estimated unearned
premiums of the cofnpnny would hne
market value.
This Mini represents the amounts paid
by policyholders for protection extending
be; nnd the current enr. When nn in
(liviilunl bujs insurance for his home
against lire he UMtiill.v takes out i, pre
mium running for from three to five
......... 'rt.A n..nr.....i.i.. f i. n.,n,i
,xlcniiK ,)(iyoml , nlTTmi ,rBr ,
rpi.knm,(I ,, "unearned premium."
TIioukIi this is set down as a linbillt . it
i it salable commodity under the pres
ent circumstances.
.lames .1. Itohuid, of Seranton, presi
dent of the New York National Insur
ance Company. It was pointed out. could
go to one of the old established insur
ance companies and get a price on these
"unearned pninlums."
All (an Ite Protected
It was said that if he sees tit to make
this arrangement, all policy holders iu
the New York National will get ample
protn tion. 1 lie purchasing company
win lorwnru earn o. no policy neuters ,irpvlml, , ,10 taking possession there
a "rider to alhx to his policy, and innf bv ,,, TtnnkinK Department to net
the event that his property is destroyed RM M ,, , , , liqui(lH(iu ()f
by hrc, will pn him the amount called t5 afTuirs.
lor in mo premium.
I'he New York National Instil mice
Compuny was former!) the National
Lumber Iijsinnnce Compuuj, also of
New York.
The New York Supreme Court au
thorized a change of name in Muj, 1017.
The new name was assumed .lulj 1,
1017.
Mr. Iioland is described ns uu ag
gressive business man, who outeied tho
insurance business as a matter of family
inlieritani e, and made u success of it.
Ho was for joars general agent in the
northern part of tho state for vnrious
insurance companies, ami sent agents
nnd established brunch offices iu many
smaller communities in the Ki ronton
district. Scvcial jears ago ho set out
for himself. puiclinlng two New York
companies, one of them the renamed
Lumber Insurance Company.
Say Company Was "Top lleavj"
The belief is oppressed by insurance
men here that under Itolauii's manage
ment the New York Nntiomil wrote so
much business it became "tophcuvy."
It is related that for several months
during the enrly part of the present
j ear the New Y'ork superintendent of
insurance held up the report of the
New Y'ork National until Mr. Boluud
could add the sum of about $100,000
to its assets, considered necessary to
thoroughlj safeguard the policy holders.
Though the report made public by Su
perintendent of Insurance Phillips, of
nero say m.u me report, uciuaity uiu,fn)m ,hp orcc of ,mnk 0XBmillpr! be
hoc come out iiocii iusv .luuc.
,t s jft , lc ,.n,,m f)f , ,.,,,.
,..., ,. ,s ...., j.,,,!,...,,,,, ,lllt M.
, , , , , b t , , suggested
.. .."
llj IIM'II UU MIU" lilt II'IM". 113 U
procedure which might linvc been
adopted.
i Ilepoits of the New Y'oik Insurance
' suiicrlntcndpiit for earlier enrs slum-
-
that the .sew lorn. .National insurance
Compuuj hud extensive bank deposits
in 1017 and 101S. In both jears these
were reported nb totaling .OO.L'lli iu
inteiest-beuring and noii-interest-beur-ing
deposits iu banks nnd trust com-
I '"I"","- le reports do not indicate
I nm-iurr itoj ill iiic-se ui-toll5 were UlllUC
in the North Penn Bank.
TTI n YJ,,
Unde DaVe WagS
ll.C UIKUIllKillldll.
''l'lm ,niink ftf nl m ! ,t.l t tnn ...ill
of,f,tn through formal action and com-
, ,nnn ,.ntisrnt in tho nrif:lni7.ntlnii until
1t of e fmlr ,,, nmv boll, ,,..,
ldered onlv one remnins. , the time of his appointment, and I was
..Thp orKulli7.ntion wi RO int() tllclnot acquainted with the fact then that
,,., nll,llv united l,ell.l ,!.,.. he hnd made the examination.
I "IB". "i- num.
. I I , .l.A,l.A. !, .
Asked ns to whether Penrose s nc
, . ... .... 0 .
1 I'HIIIIII 1 III llll IMCt L'l'lllll M llllll) I UllSf
the former (lovernnr to bo shehed b
! t'"" "rKanUation, the veteran ex-ehair
' """ "-I"''
I'm not going to guess as to that.
Hut If Henator Penrose wants Mr.
Stuurt very badly, we might not want
him ut all."
100 Are "Nice People"
Mr. I.une characterized the committee
of one hundred as nn "immaterial quan
tity" In the campaign.
"They are very nice people with very
uncertain Ideas as to what they arc
aiming to do. Among them are a num
ber of very estimable ludles. Some of
them do not live iu the city ut ull."
Briefly the independent strength Is
not to be reckoned with seriously In the
l.une- estimation.
"They cannot hope to win, for
organization win ie nniiru ior a
juiar candidate," he said.
GIRL BOOKKEEPER IN BANK
GIVEN DIAMOND B Y STRANG
$35-a-lfcvk faying Teller, though Married, Took Miss Mar
guerite Regan and Younger Sister on Rides in His Motorcars
KIood II. Strang. J.Ti-a-werk pay
ing teller of the North Penn Bank,
owner of three automobiles and well
known us a liberal "spender," appar
ently nrtcr worried much about the
high cost of diamond. lie appears to
have been liberally supplied with thein
nnd was generous in distributing them
owprrlnllj to his girl friends.
Strang is snld to have been mnrrled
several times and to one of his former
wives ho presented a $10,000 country
home at t'jnwyd, Pa.
To Miss Marguerite Began, who was
bend bookkeeper at the North Penn
Bank when the cruh came, I'lwood It.
Strang paid persistent attentions, it
was acknowledged by Mrs, Began,
mother of the girl, nt her home, Twcu
tj -ninth street above Yark.
Strang, the mother said, took Mar
guerite "out in his automobile" a num
ber of time to her knowledge, and on
other orensions he went motoring with
a younger slter of Marguerite.
Admits Knowing Htm
The jounger sister at first denied
Hint she oeu knew Stinng. Later,
however, she admitted she was ac
quainted with the paying teller mid
went with him on motor rides with her
sister.
"Mr. Strang also gave my daughter.
Marguerite, a diamond ring, which he
told her to hold for hiin," snld Mrs.
FISHER REMOVES MacBURNEY
AS HIS AID AT BANK
Contlnned From rase One
Hanking Department. Mr Lafcnn. then
bnnking commissioner, did not close the
bank.
The new banking act forbids an ex
aminer who bus mude an examination
of the affairs of u hank within one jour
Did Not Know Law
Mr. Macltiirncy, Commissioner Fish
er declared today, was not familiar with
this section of the new hanking act,
nor was the knowledge that it was Mr.
MacBurney who had made the Septem
ber. 1018, examination into the affairs
of the North Penn Hank in the pos
session of Commissioner I'islior at the
time he appointed Mr. Miicliurney.
As special deputy, in charge of the
four other examiners of the Noith Penn
Bank, Mr. MacBurney is the personnl
representative of Banking Commissioner
Fisher.
"To relieve Mr. Macllurney of any
criticism, nnd to remove any grounds
of possible legal quibble on the part of
those who mny be involved ns de
fendants in prosecutions and civil suits,
I have decided to revoke Mr. Macltur
ney's appointment ns special depntj and
to substitute another man. as soon as
ho enn qunlifj," said Commissioner
Fisher today.
No Criticism Offered
"This whole transaction reveals noth
ing but what is creditable to Mr. Mac
Burney. He bus worked faithfully with
the four other examiners who hae been
aiding him nnd has dc eloped much use
ful information.
"When the official recoids relative
to tho North Penn Bank are made pub
lic, as thej will be. they will entirely
vindicate Mr. Maclluruey. He Will be
continued on tho force ns examiner of
tho Stute Bunking Department.
James W. Macllurney hnd retired
fore 1 came into office as banking com
missioner. He jvns very highly recom
mended to me as an efficient examiner
by Captain Morrison, my first deputy.
1 made Inquiries in banking circles and
among my personal friends who knew
him well and through them verified his
reputation for integrity nnd skill.
"When I began reorganization of the
department under the new banking law
I indirectly sounded out Mr. Macllurney
to discover whether he would entertain
U I reposition to come back on the force.
;. h wpok b(lforp lp ,,,, o( .
,,,,. , ,.,, ssrance through a inn-
, tual friend that he was willing to re- j
.,.,.., ...!. t,. i ii ,i,
S'UOC Ills 11,1111,1 ,i-.ii,.ih. ...... ..in, . ,
1 the matter up with tiovernor Sprout nnd .
had secured his verbal apprcnal. but the I
commission wns not yet made out at '
the time of the bank failure.
Derlded to Close Bank
"The night of July 17. at which time j
I sent Deputy Cameron and Deputj
Ferguson to dose the North Penn Bank. '
I directed Mr. Cnmernn to get into com
niiinicatiou with Jlr.MncHumey the first i
thing in the morning, following the
dosing of the bank's doors, to know if I
lie would be willing to take eharge of
(be hank ns snecial denutv. I'non re-
, ccMng word of his willingness to sen o l'1.n,Imnf fi, "i" ',w ,ll,''I,('t t least
jin ,. nvtr , commissioned hlma'jtoro.: f-ti-latc
........ ........... I
u. mi- n-... .Lit. ... ,-. 'i wuiuii.-,. iiiiiii
rwtl.ll- flfl II Nnoi'tnl floniltv In llflllMnlft
the Institution.
"Mr. Molllirnc.v was not acnnninteil
with the provisions of the new law nt
Innsmucn ns .ur. .Mciiurney jmis
not in the emploj of the Stute Bank-
, n-,.i m ik. dm. f ,u ...
. 'I'H ''(
' iictmenl ot tins uiw. it is qiiosinniiblc If
its provisions nppl to him. In order
to relieve him of any criticism, as I
XXL.1 ,7si:i,tt0ver,,;it",,U
A crisis Impends In the North
Penn Bunk scandal ns sensational as
the closing of the wrecked Institution's
doors July 18 with fhortagrs of .$2,-14-1.000.
Fortified by a mass of evidence, state
and county Investigators today are pre
pared to strike nt a little group of
financial Jugglers who sent the bank
toppling ovei iu ruins.
The msterinus "man higher up," It
was stated this morning, will be ar
tested within u short time. Other ar
rests will be mude, probably during the
kday. Decisions-to that effect were made
lateyesteru- at a conference of In
vestigators.
vrsttgacor.. ,.,.., ,
In the words of oil of the probers,
Began. "When I found out nbout it
nnd learned he wns n married mnn. I
told Mnrguerlte to send It back to him.
She started out to do this, but she
came hack nnd told me she hnd lost the
ring. Mr. Strang told her not to worry
about It and wanted to give her another
ring."
Mrs. Began denied that her daughter
Marguerite and Strang were ever en
gaged, despite the fact that there wns
gossip to that effect,
"Marguerite was never engaged to
Mr. Strang why, he was a mnrrled
mnn." said Mrs. Began, The mother
acknowledged, however, that she knew
Strang whs man led when he took her
daughters out motoring.
Could See No Harm
"That's different, though," snld Mrs.
Began. "I couldn't see any harm In
that."
Mrs. Regan said her daughter Mar
guerite was not anxious to cultivate
Strang's acquaintance nnd spurned his
offers to give her presents.
"As a matter of fact. Miss Began
hnd plenty of jewelry herself, dldu't
she?" wns asked.
"Yes," said the mother. "She nlwas
had enough of Hint."
The whereabouts of Strang, who dis
appeared shottly after the bank crash,
still remains a mystery. Strnng wns
not nt his home. IMiVl North Twenty
ninth street. The house appeared deserted.
"the investigation has now struck its
pace."
Besides the New York insurance' com
pany dragged clown to ruin through the
bank failure, it Is rumored that sctcnil
other companies and firms ure nearly
on the shoals of disaster from the same
cause. Frantic efforts arc being made
by them to escape complete wreckage.
Supiwirted Hj Investigators
These fren.iod endeavors to repay
big overdrafts on tho scuttled bank hue
the sympathy nnd support of the state
investigators. They point out the
greater the number of sound securi
ties the hank has, the gi eater will be
the pro rata distribution of assets among
depositors.
It is understood that county detec
tives enrly todny were supplied with
warrants for several Implicated In the
batik smash. A long trip, it is said,
will be necessary to get one of the men
wanted, and it may be uecessnry to ex
tradite him.
Another important conference is to
be held this afternoon in District At
torney Union's office in City Hall. The
same Investigation principals who were
at jesterday's conference are expected
at today's session.
KAISER SCORNED WARNING
Prince Max Says Wllhelm Repulsed
Advice to Quit Throne
Berlin. Aug . . (By A. P.) The
new Berliner Zeltung ycsterduv pub
lished excerpts from n lengthv descrip
tion by Prince Mnx of Baden, former
imperial Cerninu chancellor, of a tele
phone conversation he had with the
then Kmperor William November S,
101 S. The conversation lusted twenty
minutes.
"The kaiser was very violent and
frightfully unaware of the attitude of
me troops to mm. says the descrip
tion. "IIo spoke of u military expedi
tion nguinst Ilerlln. but he refused to
listen to my recommendation that he
abdicate. Had the general staff told
him November S, as it did November II.
the truth about the nriny. I hnve no
doubt that the kaiser would have abdi
cated the evening of tho 8th.
"Then it would. In human calcula
tion, haj-e been possible for the Majority
Socialist to keep tho worklngmon in
the factories. Certainly there would
have been nn uprising, but only hv the
radical element. The troops in Berlin
would have conducted themselves more
reliably.
"One of the most dangerous points of
contact between the rioting workmen
nnd tho soldiers wns tho fact that the
kuiser had not abdicated."
W. U. FILES NEW RATES
State Commission Withholds Action.
0(d Scnedue in Effeet
Harrisburg. Aug. It. The Western
I'nion Telegraph Company has filed
with the Bureau of Rates and Tariffs
of the Plb,(, S(,rv,
, . . . ,
'J"1" c ,rn,,,,s ns ,'"
Commission a
ffectlve since the
time the federal authorities took over
the country's wire lines. As this does
not conform with the regulations of the
commission no action has been taken,
The commission requires that when
"ites nro increased mai me utility
of the .propose:
'-' - . ---; ,. .".,,, i . .,
lint tlio Increased rates it will he vio
latiug the Public Service Commission
act, und the commission can act.
FOUR DEAD IN OHIO STORM
$2,000,000 Damage Wrought and
200 Families Driven From Homes
Cleveland, Aug. (J. fny A. P.l
. . .
(our persons v ........ ,,.,
ably six seriously wounded, property mid
' , e estIn.ntol at more than
'.000.000 and .00 Mm.I.es driven from
their homes was the toll of the eleo
trical storm which swept northern Ohio
late yesterday.
Three of the' deaths occurred In
Yoiingstown, where two persons were
Instuntlv killed by lightning and another
electrocuted by coming Into contact with
a live xvlre. ai nenevin: toj wan
drowned while bathing In ,u flooded
street,
in Tiffin more than 200 homes In tho
Hock Creek basin werp flooded aud
abnndoned. Ashland county, with nn
estimated damage of SljOOO.OOO. sufr
fero.1 the greatest loss. With the ex-
'ceptlon ptjfto Mpfw iJLMtpumwr a,
looi. it w tte beavteilwer rewrded.
--' -"",'. . , . r. - J. - ,1
OF RECEIVING TELLER
Cashier of Wrecked Bank Had
to Be "Shooed" Away, Says
Robert C. Hartman
STRANG ALSO INTERESTED
Holding down n job nt the North
Penn Bank wasn't nil roes during the
days when some of the clerks nt the
Institution were busy manipulating its
books.
That's the opinion of Bobert C.
Hnrtmau, receiving teller of the bnnk,
who lhes at 3248 North Bally street.
Aside from the chaos resulting from
the nervousness of Ralph Moyer, the
accused cashier, his brother Ray anil
Strang, Ilartmnn says he had his hands
full "Bhovlng" uway the three men
from the receiving cage, which they
persisted In visiting at will.
Hartman intimated he knew "n thing
or two."
"Hut I am not going to say anything
nbout them, except when I nm called to
tell what I know by the authorities who
nro Investigating the bank's affairs,"
said Mr. Hartman.
Mr. Ilartmnn has been connected with
the North Penn Bnnk for four years.
Explaining how It became the "custom"
for Strang to handle his enshbook, the
receiving teller said:
"You see, I didn't know much nbout
the bnnking business when I started nt
the North Penn Bank. I hud ts depend
upon people to help me out. Strang
offered to handle tho casliliook for me.
I nej-er watched him make up the ensh
book, for I jvns usually busy in count
ing up the deposits and attending to
other matters. I don't know whether
Strnng did It correctly or not, but it
seemed to be right three-fourths of the
time. The other times well, It didn't
look altogether right."
Hartman said ho had "a hard time
of It" because he had no one to assist
him in the receiving teller's cage.
Ills protests to Moyer against the
practice of the other clerks in visiting
he receiving cage were of no avail, Mr.
Hartman snld.
Moyer Is Linked Up
With Insurance Crash
money I can for tho benefit of the pol-ic.v-holders.
but, from what I under
stand, tho assets us far as the North
Penn Bnnk Is concerned, will not be
worth much."
"Did the company have any cash in
the bnnk?"
""Yes, n large nmntuit. They did n
grout deal of business with the bank
before the alleged deposit."
"What action will jou take in the
on so
"Anjthing of n criminal nature will
be turned over to the district nttorno
The matter will rest largely In the
hands of the Pennsjlvamn authorities."' i
Iioland Cannot Ro Reached
An effort wns mnde to reneh Mr. Ho-1
land at his office in New York city. A I
mnn who described himself as an ofli-'
cinl of the New York National Insur-j
nnco Companv, but who refused to give
his nnme, said that Mr. Iioland wiisi
absent from the city and did not know
where he could be readied.
"I have nothing to say," snid this
official.
"Whore is Mr. Iioland? Is he iu
ScrnntonV"
"I told you I did riot know."
"Wns he the mnn who had
transactions with Mover?"
the,
"Mr. Iioland might know.
Have jou nny ftntement to iniike
regnrding the bank and the failure of i The company was organized in 100.1
jour concern ?" jwith u cupitulmitinu of $i!00,000. Its
"See the New York Journal of Com- president is James J. Itolnud. of Scrnn
morce. That is nil. but there is one, ton. a former resident of Buffalo. N. T.
thing in the article that is not correct. Iloliind, nlo of Seranton, is treasurer
Our company did not try to reinsure in , of the companj.
other insurnnce companies. Thnt s nil
I lime to say."
Court Ordrr (ihen
The Supreme Court of Erie "nunty
granted tho order niithorizlng Super
intendent Phillips to take possession of
the property nnd liquidate the hiisino--.
''ho home office of the companv is In
Huffaln. It hnd branch offices In New
York nnd Seranton. Tills statement,
covering tho company's financial con
dition, is issued by the Insurance De
partment of New York;
"The financial nffnlrs of the com
pany are in a preenrinus condition, due
largely to the recent failure of the
North Penn Bnnk of Philadelphia, where
the companv maintained a large deposit.
MlW."!. j;l,""P::Jm
examination to be made of the companv, ",,K' at V Vi..1,'"''',11 & "'"'
and has inoo kept In close touch wUhi,Iilln"011- "t 100..11I2. and the Sinking
the sltuntion. F.fforts by the parties in-1 Fund Commissioners 0f Philadelphia,
teres tod n the company to replace the ' at 100.211.
deposit having failed, the superintend-1 The best outside bid received for a
ent immediately took possession in order pnrt of t)l0 issu(1 nM f , Warren
to conserve the nterests of the policy- V,.MI1, ,. , ,,. ., ",
holders and of all persons Interested. ' ''ml "Hl- "' " ' ,rron' ' "" for
"Because of tho Inahllitv of the ?B).000. nt 100. The est Bud
Pennsylvania authoiities to determine
at this time the extent of the bunk
iietnicntinn unci on account ot me coni-j The .,(1110.(10(1 is needed bv the du
plicated lelntlons between the company for iliKin,llv improvement. '
and the bunk. It Is Impossible ut this,
time to estimate the amount which may
be ronlized. i
"Tho companv wns thoroughlv ex-
nmlned hj the department us of March
:tl. 1010, on which date Its totnl ns
sots amounted tu S0."7.7S4. with tots' i
liabilities, exclusive of capital stock,
amounting to SI 13. 717, leaving n sur-1
plus to polio holders at that time of,
$2H,0C7.
Assets and Liabilities
"While, owing to the Involved state'
of the compiinj's records. It is Imnos.1
slble. without exhaustive examination,
to arrive at an accurate statement of
financial condition, the following may
be considered us representing approxi
mately the present condition o! the
company :
Assrrrs
1tnrii1 Hlld
.took. isifi.:-:?" '!?.
Mrirtuarrf loan
r.Mrjn.lui I
Act i urn miTrai
j.riuu.nii
"u" vMSiuU dipo.Vt:":::: s-ioib
liakii.it ir.3
UiiPHld Ios.m (MilmntMlt M.".n.n',.-n.!!
t'nenrned premiums (etlnito)
jsn.nno no
Illll" Mulil
3.1.0011. cm
a.riou.no
Taxen wntlmutr.lt
Iltdnaurnncc. (estimated).
4,1100.011 I
XotHl I4OH..10O.0O
"The above statement shows the
North Penn Bank deposit ns iudlcuted
on the hooks of the company.
"The company was organized ond
nKATim
lll.OCK.-AUB B. I1KIITIIA III.OCK. aseil
43 Jtetatltea nd friends hnlted to. funeral
trvlce. trl., i p, m at (he residence of
;
er sister, lira, mnn Htintrl. Dai., cnesi.
nut et. Int private Hillside Cem. Remnins
may be viewed Thura.. after S p nr
mist and rouxn
TKItillKn lost, fox terrier, female, blind
In one ee; reelHtratloii Nn. 1'JIS; liberal
renarn. 10.11 j,ouaen hi, iomina -tu
VnTinH I. k...kv nl.An ih.l nn I.U. fJr.
ereby alt en that Doilclea Nos.
lS.:Sn and IN. "ST of the Bnrlna Uardili
Fire Insurance Company, Issued to Mary A.
McDonnell, covering-, respecllvely. premises
H2K and. I33 North St.- Uernard street. Phlla
dejphlai have men lost or mislaid. Apnllca.
tion has been mads .for dugillcwte policies,
Thomas Boyisn. Attorney fotADPlloant,-
commenced buslnrss In 1005 with a capl
tal stock of $200,000. It transacted
business in Ntw York, Pennsylvania
and several other states. The president
of the company Is James J. Bolnnd. of
Seranton. Pa., fShnerly of Buffalo;
Charles Dlebold, Jr., of Buffalo, first
vice president; Harry Hnuck, second
vice president; J. Bussell .Tones, secre
tary, nnd N. T. Roland, of Hcranton,
Pa., treasurer.
"Clarence C. Fowler, chief of the
liquidation bureau, Insurance depart
ment, of 2118 Broadway, New York city,
was deslgnnted special deputy superin
tendent of insurance for the liquida
tion. "The liquidation order provides that
nil liabilities on outstanding policies
shnll terminate on August 14, 1010, ati'd
policyholders will have no insurance
protection nfter that date,
"This Is the second large liquidation
to take place in Erie county recently, as
Mr. Powler has been here for the Inst
three months conducting the liquidation
of the Polish 1'nion of America, unin
corporated, formerly located nt 701-03
Llllmore avenue."
Hankers here sny It was unlikely
the Insurance company would hnve de
posited such large sums In the North
Penn unless some one exercised the
privilege of borrowing from the Insti
tution. Whether the men of the In
surance concern made big loans from
the bnnk nnd arc Included now on
the list of debtors in the hands of
the Banking Department Is one Impor
tant phase of the failure not yet de
veloped. Kvamlnatlon Made
Superintendent Phillips stnrted an
examination of the affairs of the Buf
falo concern shortly nfter the North
Penn Bnnk failure.
Prnntlc efforts were mnde to help the
company out of its troubles. All at
tempts to replace the deposits failed,
and tho officers of the bank and the
insurance company were found to be
allied, under complicated conditions.
Speculation in the case now deals
I t .. . , ... . MIIIUUVIIl Ul nillllll UU Willi 10 H1 11 BU
chiefly ns to who was responsible for!PTOntunIlv ,,,, returned to them, dls
the placing of the money of the Newi10mirP(
York corporation In the Philndeltihia
bank nnd ns to whether the additional
arrests will involve those who mny have
been the cnuse of the Insurnnce com
pany's difficulties. The embarrassment
of this company was concealed with
cxtraordinnr ycarc.
"Crook" Is Itlnmecl"
A man with a notorious record is
coiiurciiMi i i. u,o insurance company book, which showed the acceptance bv
as an ofli.inl. according to Banking the North Penn Bnnk of a $7150 deposit
Commissioner Usher. Mr. Fisher said ho made on the very eve the bank closed,
he could not remember his name, hut Then he showed n score of checks of
that he recalled him as a "crook." This from S." to S21. dated Julv 8. 0. 10 nnd
man. Mr. 1- slier believes, victimised the 11. which the bank hnd dishonored, nl
batik by n definite connection which he though Mr. Knrfunklc's balance was
established between it nnd the itisur-' Inrge nt the time.
once company. I "p,jl" Knrfunkle, n brother of the
Colonel l-reil Taylor Pusey, chief drygoods man. and n sailor nt the
Investigator in the North Penn Bunk . Philadelphia Navy Yard had all of his
wtcck, saici no nan Known tor some
time thnt the New York National In
l. X--.! , .
surance Company wns involved in the
crash for n large amount.
"I could not divulge this fact, how
ever," said Colonel I'lixey, "because
of another phase lonnectcd with this
affair."
"What phase is thlsV" he was asked.
"I cannot say now. All these mnt-
tors will bo brought out in due tlmeij, Kone." mourned Mrs. Weiss today.
In the course of the Investigation," lie ..0 the day tho bank failed I borrowed
replied. money for a railroad ticket and went
, , , ",'VV T.r 0""1I"ullr 0,l,"l(Ic "f to Wilmington where my married son
Philadelphia or Pennsylvania, insurance ,. daughter live to nsk their help. I
or other concerns. Involved.'" wus theUnn't kn. i,nt ,,,- i,ui,n,i !
next question.
... ', . . to do. And how will he eve
I don t care to answer that at this fo psv that 100 per cent u
time, said t olonol Piikoj. , t,mt tliey nrc to nsk of th
"The connection between the banklr.rki" "
aim me insurance company is suspicious i
if true. said Philip A. Cameron.!
deputy bunk commissioner
, . .
As sOou ns,
they weic told of tne collapse of the
New York corporation, Mr. Cameron
and Commissioner Fisher confened In
the lattei 's room in the ltellcvuc-Strat-forcl.
Both seemed excited by tho news
of the liquidation
MAYOR OPENS BOND BIDS
Best Offer for $2,000,000 Loan Is
101.533
Four bids for the entire issue of
$2,000,000 of the S12.!)70,000 loan au
thorized by Councils were opened todny
by Major Smith, in the presence of
City So'Icitor Counellj and City Con
troller Walton.
. The bids wore: Drcxel & Co.,
Brown Bros. & Co.. and the (iunranty
i Trust Companj .
of New York, tit
x i m.i.ii. t.
01..":t.'l ; Frazier
!! '! the Corn n.ohange National
trust (nuipaiij, of this city, entered n
j bid for $200,000 nt par
J.EGiwEix8r.
CHESTNUT AND
J EWELERS
For Presentation
A Gold Watch
With Chain And Gold
Knife Or Pencil
TO SERVICE OFFICERS, CAP
TAINS OF INDUSTRY AND OTHER
PERSONAGES, A DEPENDABLE
TIMEPIECE OFFERS AN ESPE.
CIALLY PERSONAL AND PERMA
NENT APPEAL. '
ACCEPT FUNDSWEEK
AFTER BAN DN CHECKS
North Penn Accused of Taking
Deposits July 17 Orders Re
pudiated July 8
ARMY DOCTOR LOSES ALL',
Dry Law Hit Saloon Man,
Then He Lost in Bank Fall
Behind the bar of his scantily pa
tronized saloon nt Twenty -fourth
nnd Huntingdon streets, Jacob Mil
ler, owner of the place, today loqked
the picture of dejection,
"Job nln'WgotnothIng on me," he
sighed. "First prohibition. Then
the loss of my license money. And
now this wholesale swindle. They
took all I had. T am n candidate.
for the poorhousc."
Thnt ,up to the Inst day that the
North Penn Bank wns open for business,
Thursday. July 17, deposits were ac
cepted, although many checks drawn
against funds on deposit were repudi
ated ns early as July 8, has been learned
by examiners of the State Banking De
partment who nre checking up accounts.
Business men of the neighborhood
showed checks today, most of them for
trilling sums, which they had drawn In
"I nm but one of several storekeepers
about here who had a similar experi
ence," snld Edward Karfunklc, a dry
goods denier, at Twenty-fifth street and
Lehigh nvenue. "They sure 'got me)
good nnd hard. I lost several thousand
dollars In the swindle."
Mnde $750 Deposit Last Day
Mr. Knrfunkle exhibited his bank-
savings In the bunk.
. .Y . -
"They left me six cents," he said
today.
The savings of n life time, coupled
with his plight of having to pny the
fiUI amount of his shareholdings In the
defunct bank. Is the lot of Samuel
Weiss, 2714 Stonier street, one of the
stockholders.
"I'vt.rv nonnv . t,n,1 In 1.a ..,.!
f(1 (ln Anil , ,.. . '. . , '
assessment
stockhold
Army Doctor Loses
T. ,. , ,, , , . , . ,
i'i. ..tuning i in-iin. uiii. iiiLt-iv rv-
, , j ., ,
icuhcu irciiu cue ovlthcuh meciiciii corps,
nnd now attached to the Northwest
(Jenernl Hospital, lobt the money with
which he hnd intended opening an office
and starting practice when the North
Penn Bank collapsed.
"I shall have to work hard nnd try
to save enough money to establish au
office," snid Doctor I'uchs.
THREE BOYSYURIED
Double Probe Made of Fatal Explo
sion at Stone Quarry
Funeral services for the three boys
killed Sunday In nn explosion in a
stone quarry near Wayne Junction
were held this morning rn the Ukrainian
Church, nt KB" Frnuklin street. The
victims of the explosion were Wnlter
Mnleski. thirteen years old, 201.1 Iloweu
street; Frank Hagoh, thirteen years
old, nnd his six-ycnr-old brother, Stan
ley Hngen. BBKi Cayuga street.
The double investigation of the ac
cident sturted by Coroner W. It.
Knight nnd Fire Miirshnl (ieorge W.
Klliott will be completed today. An
inquest will be held within n day or
two to determine who is responsible for
the accident.
Rotan Names New Detective
James II. Kelly, n private detective,
wns today appointed by District At
torney Itntnn to the staff of detectives
iccently organized by him under legis
lative approval. Ho was sworn In
before Judge McCiillen,, together with
Fred C. Voigt, who was recently
named to the detective staff.
JUNIPER STREETS
SILVERSMITHS
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U. . . . . . - 4 U .11 K sll
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