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Pittsburgh Bank Closes After Cashier Defaults PITTSBURG, Feb. 13-With the arrest of J. F. Swartz, cashier, charged with embezzling $250,000 of its funds, the Park Bank, one of the leading financial institutions of the east end was closed this morning. It was announced that P. G. Camerson, state bank examiner, had been appointed receiver. The bank's statement on January 1 showed deposit of $2,235,859.
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BUSTED THE BANK (Associated Press) Pittsburg, Feb. 13-With the arrest of J. F. Swartz, cashier, charged with embezzling a quarter million dollars of its funds, the Park Bank, one of the leading financial institutions of the East End, closed this morning. It was announced that D. G. Camerson, a state bank examiner, has been oppointed receiver. The statement of the bank January 1st showed deposits of over two millions.
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Erzberger to Demand Recognition of Berlin Government at Treves Pittsburgh, Pa., Feb. 13.-With the arrest of J. F. Swartz, cashier, charged with embezzling $250,000 of its funds, the Park Bank, one of the leading financial institutions of the east end, was closed this morning. It was announced that P. G. Camerson, state bank examiner, had been appointed receiver. The bank's statement on January 1 showed deposits of $2,235,859. Swartz Attempts Suicide According to the police, Swartz attempted to commit suicide shortly before officers arrived at his home in a fashionable residence section of the city. The officers were kept waiting several hours until he regained consciousness before the warrant, charging defalcation was served. He was reported in a serious condition in his home today under police guard. The bank, which was regarded as one of the strongest in the city, was closed by order of the State Banking Department. A statement issued by E. C. Chalfant, president, said the amount missing comprised between $70,000 and $80,000 in cash and $170,000 in unauthorized notes. He said there would be little loss to depositors. Cameron issued a statement this afternoon declaring that investigation so far had revealed no wrong doing by the bank's directors. Depositors Gather at Doors Several hundred depositors gathered at the bank's doors at 10 o'clock this morning after a notice'l had been posted announcing that only persons indebted to the bank would be admitted. Police reserves were called, but up to noon the steadily increasing crowd had caused no disorder,
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CHARGE BANKER WITH TAKING $250,000 OF FUNDS Pittsburgh, Feb. 13.-With the arrest of J. F. Swartz. cashier, charged with embezzling $250,000 of its funds, the Park bank, one of the leading financial institutions of the east end, was closed this morning. It was announced the state bank examiner had been reported receiver. The bank's statement on January 31 showed deposits of $2,235,850. Several hundred depositors gathered at the bank doors. Police reserves were called, but up to noon the crowd had caused no disorder. According to police reports, Swartz attempted suicide when officers arrived at his home. He is reported in a serious condition. The bank was closed by the state banking department. A statement issued by the president of the bank said the amount missing comprised between $75,000 and $80,000 in cash and $180.000 in unauthorized notes. He said there would be little loss to depositors.
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Leading Bank Of Pittsburgh Closed Pittsburgh, Pa., Feb. 13.-The Park Bank, one of the leading financial institutions of the East end. failed to open its doors this morning. D. G. Cameron, state bank examiner, has been appointed receiver. The bank's statement on January 1, showed deposits of $2,235,859, a surplus of $95.481 and $45,480.90 in undivided profits.
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CASHIER CHARGED WRECKING BANK TWO-MILLION DOLLAR INSTITUTION CLOSED IN PITTSBURG Pittsburgh, Feb. 13.-With the arrest of J. F. Swartz, cashier, charged with embezzling a quarter million of its funds, the Park Bank, one of the leading financial institutions of East End, was closed this morning. It was announced that D G. Camerson, State Bank Examiner, had been appointed receiver. The statement January 1, showed the bank's deposits were over two millions.
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Big Bank Wrecked, Cashier Arrested PITTSBURG, Feb. 13.-(By Associated Press.)-With the arrest of J. F. Schwartz, cashier, charged with embezzling a quarter of a million dollars of its funds, the Park bank. one of the leading financial institutions of the East End, closed this morning. It was announced that D. C. Cameron, state bank examiner, had been appointed receiver. The bank's statement, January 1, showed deposits of over $2,000,000.
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Park Bank At Pittsburgh Closes When Cashier Gets Away With $250,000 (By Associated Press.) Pittsburgh, Feb. 13.-With the arrest of J. F. Swartz. the cashier charged with embezzling a quarter of a million dollars of its funds, the Park Bank, one of the leading financial institutions of the East end. closed this morning. It was announced D. G. Cumerson, Sate Bank examiner, has been appointed receiver. The statement of January 1st showed deposits of over two millions.
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PITTSBURG BANK CLOSED. Cashier Arrested on Charge of Embezzling $250,000. PITTSBURG, Feb. 13. With the arest of J. F. Swartz, cashier, charged with embezzling $250,000 of its funds. the Park bank of this city was closed this mornng. It was announced that D. G. Cameron, state bank examiner, had been apoointed receiver. The bank's statement in Jan. 1 showed déposits of more than 2,000,000.
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BIG BANK CLOSED IN PITTSBURGH AND CASHIER ARRESTED Officer Accused of Embezzling $250,000 of Institution's Funds. PITTSBURGH Feb. 13.-With the arrest of J. F. Swartz, cashier, charged with embezzling $230,000 of its funds, the Park Bank. one of the leading financial institutions of the East End, was closed this morning. It was announced that D. G. Camerson, State bank examiner. had been appointed receiver. The bank's statement on Jan. 1 showed deposits of $2,235,850. According to the police, Swartz attempted to commit suicide shortly before officers arrived at his home in a fashionable residence section of the city. The officers were kept waiting several hours until he regained consciousness before the warrant, charging defalcation. was served. He was reported in a serious condition in his home to-day under police guard. The bank, which was regarded as one of the strongest in the city, was closed by order of the State Banking Department. A statement issued by E. C. Chalfant, President. said the amount missing comprised between $70,000 and $80,000 in cash and $170,000 in unauthorized notes. He said there would be little loss to depositors Several hundred depositors gathered at the bank's doors at 10 o'clock this morning after D. notice had been posted announcing that only persons indebted to the bank would be admitted. Police reserves were called but up to noon the steadity increasing crowd had showed no disorder.
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$80,000SWINDLE WRECKS BANK J. S. Swartz, Cashier, Is Charged with Embezzlement by Directors. Pittsburgh, Pa., Feb. 13.-Charged with embezzlement of $80,000. J. S. Swartz. cashier of the Park Bank. of Pittsburgh, which was closed today by the State bank examiner. is in the Mercy Hospital here in a delirious condition. Swartz was arrested at his home upon charges preferred by the bank directors. The police found him in, bed suffering from a mental breakdown and unconscious, it is stated. Swartz was removed to the hospital, where he is being closely guarded. Exonerates Directors. With news that the bank had closed had spread, several hundred depositors institution. gathered Police in reserves front of were the rushed to the scene, but no disorder was threatened. R. C. Chalfant, president. and the bank directors issued a statement which declared that "embezzlement, abstraction and wilful misappropriation of moneys, funds and credits of the bank" by J. S. Swartz. cashier, had "impaired the capital of the bank to such an extent as to make it impossible to longer continue business." Swartz, who was a majority owner of the capital stock in the bank, has admitted that "he alone" is responsible for conditions which have caused the bank's closing, the statement said. Information has been filed against Swartz charging him with defalcations, the directors announced. State Bank Examiner Cameron, who is acting as temporary receiver, issued a statement exonerating the bank directors.
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Pittsburgh Banker Held as $250,000 Embezzler PJTTSBURGH, Pa., Feb. 13With the arrest of J.F. Swartz, casher, charged with embezzling $350,300 of its funds. the Park bank, one if the leading financial institutions if the east eng was @closed this norning It was anounced that P. Camerson, state bank examiner iad been appointed receiver. The 1 sink's statement on January IOWS deposits of $2,235,859.
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ALLEGED EMBEZZLER KEPT UNDER GUARD Pittsburgh, Pa., Feb. 13.-J. S. Swartz, cashier of the Park Bank, charged with embezzlement of $250.000. is being closely guarded in a hospital here tonight. When he recovers he will face charges preferred by the bank officials of perjury and fraudulent entry, in addition to embezzlement. The bank has been closed by the state banking commission and State Examiner P. G. Camerson placed in charge. Swartz's alleged speculations are said to have amounted to more than $250,000. It is said the bank directors were aware of the shortage and gave him a chance to make good. When the officers went to arrest Swartz, he was found unconscious and it was reported he had tried to commit suicide. The rumor was later discredited when doctors announced that he was seriously sick.
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THEFT CLOSES BIG PITTSBURG BANK Cashier of Park, Accused of Embezzling $250,000 Is Found Senseless. DEPOSITS ARE $2,400,000 Prisoner Is the Largest Stockholder-Held in Hospital Under Guard. PITTSBURG, Feb. 13. - J. S. Swartz, cashier of the Park Bank, is being closely guarded by a constable in a hospital to-night. When he recovers sufficiently he will be taken before an Alderman to face charges preferred by the bank officials of perjury, fraudulent entry and embezzlement. In the meantime the bank is closed by order of the Pennsylvania State Banking Commission and D. C. Cameron; State Examiner, is in charge of its affairs. Swartz's alleged peculations are said to have amounted to more than $250,000. Directors of the bank are optimistic and believe the doors will soon be reopened and every depositor paid in full. Swartz was found unconsclous when officers called at his home to arrest him, and this gave rise to the report that he had tried to commit suicide. This rumor was discredited this afternoon, when it was announced that he was really ill and in no condition to go to jail. Alderman J. J. Kirby said to-night he would demand $40,000 ball from Swartz when the hearing is held. It is said that the directors of the bank were aware of the shortage several days ago and gave Swartz a chance to make good, which he promised to do. He falled and information was laid against him by E. M. Diebold, vicepresident of the bank. The accused man was the largest stockholder in the institution. According to President E. C. Chalfant the bank has approximately $2,400,000 deposits and 12,000 depositors.
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Pittsburgh Bank Is Closed. Pittsburgh, Feb. 15.-With the arrest of J. F. Swartz, cashier, charged with embezzling $250,000 of its funds, the Park bank, one of the leading financial institutions of the East End, was closed. It was announced that P. G. Camerson, state bank examiner, had been appointed receiver. The bank's statement on Jan. 1 showed deposits of $2,235,859. According to the police, J. F. Swartz attempted suicide when officers arrived at his home. It was reported he is in a serious condition
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STATE BANKING COMMISSIONER INPITTSBURGH John S. Fisher Will Assist in Handling Affairs of Park Bank Pittsburgh, Feb. 15.-E. C. Chalfant, president of the Park Bank, which closed its doors Thursday morning following the arrest of J. S. Swartz, cashier, charged with peculations amounting to more than $250,000, reiterates his former statement that depositors will probably not lose a cent by the alleged defalcation. The depositors are insisting that the bank. be reopened and this, officials say, will be done in a short time, as soon as the state banking officers have examined the books thoroughly. The question of appointing a permanent receiver will not be decided until Peter G. Cameron, state examiner, has made his report. Banking Commissioner John C. Fisher and Deputy Attorney General B. J. Myers, of Harrisburg, arrived today to assist in handling the bank's affairs. President Chalfant stated tonight that the depositors of the bank would not under any circumstances lose more than $100,000 and probably nothing at all.
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REPORT $250,000 EMBEZZLED. J. F. Swartz, Pittsburg, Penn., Cashier Arrested-Bank Closed Doors. Pittsburg.-With the arrest of J. F. Swartz, cashier, charged with embez zling $250,000 of its funds, the Park bank, one of the leading financial institutions in the East End, was closed. It was announced that D. G. Camerson, state bank examiner, had been appoint ed receiver. The bank's statement on Jan. 1 showed deposits of $2,235,859. According to the police Swartz at
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REPORT $250,000 EMBEZZLED. J. F. Swartz, Pittsburg, Penn., Cashier, Arrested-Bank Closed Doors. Pittsburg.-With the arrest of J. F. Swartz, cashier, charged with embez. zling $250,000 of its funds, the Park bank, one of the leading financial in. stitutions in the East End, was closed. It was announced that D. G. Camerson, state bank examiner, had been appoint. ed receiver. The bank's statement on Jan. 1 showed deposits of $2,235,859. According to the police Swartz at. tempted to commit suicide shortly before officers arrived at his home in a fashionable residence section of the city.
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Commonwealth of Pennsylvania, ex rel. William I. Schaffer, Attorney General, vs. The Park Bank. No. 4, Commonwealth Docket, 1919, Court of Common Pleas of Dauphin County, Pennsylvania. To the creditors, stockholders and persons otherwise interested in The Park Bank. NOTICE is hereby given that at 10 o'clock A. M., on Saturday, June 28th, 1919, there will be presented to the Court of Common Pleas of Dauphin County, Pennsylvania, at Harrisburg, Pa., the petition of G. H. Getty, Receiver of The Park Bank, asking for authorization to sell to Hunt B. Miller of Pittsburgh, Pa., the real estate hereinafter described, on the following terms: For the sum or price of $160,000.00, of which $8,000.000 cash has already been received by petitioner as hand money, subject to the confirmation of the sale by the said court; $17,000.00 to be paid upon the said court confirming the said sale; $60,000.00 cash upon delivery of deed; the balance of $75,000.00 by the said purchaser assuming a mortgage of $75,000.00, to which the said property is now subject. The said property is all that certain lot or piece of ground situate in the Seventh Ward of the City of Pittsburgh, County of Allegheny and State of Pennsylvania. Beginning on the southerly side of Penn avenue at the corner of an alley twelve (12) feet wide and said corner being one hundred and twentytwo and eighty-six hundredths (122.86) feet westward from the southwest corner of Shady and Penn avenues; thence along said alley south twenty-six degrees thirty-one minutes, forty-five seconds west two hundreds feet (S. 26 deg. 31 min. 45 sec. W. 200 ft.) to Shakespeare street; thence along said Shakespeare street, north sixty-three degrees, forty-five minutes west thirty-five and twenty-two hundredths feet (N. 63 deg. 45 min. W. 35.22 ft.) to property now of Carl G. Vilsack; thence north twenty-five degrees three minutes east fifty-three and twentytwo hundredths feet (N. 25 deg. 03 min. E. 53.22 feet); thence north sixty-three degrees, forty-five minutes west, forty hundredths feet (N. 63 deg. 45 min. W. 0.40 ft.); thence along property of Carl G. Vilsack north twenty-six degrees thirty-one minutes forty-five seconds east one hundred forty-six and seventy-nine hundredths feet (N. 26 deg. 31 min. 45 sec. E. 146.79 ft.) to Penn avenue; thence along Penn avenue south sixty-three degrees, forty-five minutes east, thirty-seven feet (S. 63 deg. 45 min. E. 37 ft.) to the place of beginning. Having erected thereon a three-story brick building, which was used by the said Park Bank as its place of business. G. H. GETTY, Receiver of The Park Bank. NOTICE is hereby given that Letters of Administration have been granted to the undersigned on the Estate of Grace T. Daniels, late of Harrisburg. Dauphin County, Pa., deceased. All persons being indebted to said Estate are requested to make payment and those having claims against the Estate will presen* them to FRANCIS E. DANIELS, Administrator, 126 State Street, Harrisburg, Pa.
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LEGAL NOTICES Commonwealth of Pennsylvania, ex rel., William I. Schaffer, Attorney General, vs. The Park Bank. No. 4 Commonwealth Docket, 1919, Court of Common Pleas of Dauphin County, Pennsylvania. To the creditors, stockholders and persons Bank. otherwise interested in The Park NOTICE is hereby given that at 10 o'clock a. m., on September 15, 1919, there will be presented to the Court of Common Pleas of Dauphin County, Pennsylvania, at Harrisburg, Pa., the petition of G. H. Getty, Receiver of The Park Bank, asking for authorization to sell to Catherine V. King, of Pittsburgh, Pa., the real estate hereinafter described, on the following terms: For the sum or price of seven thousand five hundred ($7,500.00) dollars, to be paid by the purchaser as follows: Five hundred ($500.00) dollars hand money already paid to receiver: two thousand ($2,000.00) dollars on delivery of deed; and the assumption by the purchaser of a certain mortgage for five thousand ($5,000.00) dollars, to which the said hereinafter described property is now subject. The said property is all that certain lot or piece of ground situate in the Eleventh Ward of the City of Pittsburgh, County of Allegheny and State of Pennsylvania. BEGINNING at a point on the north side of Columbo street, on line dividing this property from property, now or late. of C. Brown, extending thence in a northeastwardly direction a distance of one hundred seven and forty-six one-hundredths feet, (107.46) to a point on line dividing this property from property. now or late, of L. Deroy, thence in a westerly direction a distance of thirty and eight onehundredths feet (30.08) to a point on line dividing this property from property, now or late, of J. P. Geisier, thence along this line in a southerly direction a distance of one hundred nine and fifty-nine one-hundredths feet, (109.59) to a point on the north line of Columbo street, thence along this line in an easterly direction a distance of thirty and eight one-hundredths feet, (30.08) to a point at the place of beginning, having thereon erected a three-story brick dwelling house, known as No. 5531 Columbo street. G. H. GETTY, Receiver of The Park Bank.