1.
December 7, 1926
The Richmond News Leader
Richmond, VA
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ACCOUNTS SHORT, HE PHONES; DIES
Doors of Memphis Bank Closed After Suicide of Assistant Cashier.
Memphis, Tenn., Dec. Asassistant cashier of the berg, American Savings Bank and Trust the bank today that he was then Killed himself shooting The which clerk disappeared when shortages his accounts disthe the board of session. The American Savings Bank and Trust Company capitalized $100,Surplus and undivided profits listed as When Rush last approximately left and two statement posted by "examiners charge" front the bank the had the state for liquidation.
2.
December 8, 1926
The Union
Grass Valley, CA
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Memphis Bank Closed by Suicide and Shortage
MEMPHIS (Tenn.), Dec. The American Savings Bank and Trust Company, which was placed the hands of state bank examiners today after an employee had admitted shortages of $300,000 and then killed himself. Clarence Henochsterg, assistant cashier and teller, fired bullet into his body after telephoning capitalists of his shortage and saying he would kill himself unless help could be obtained to save himself and the bank. Suspension from business struck heavy blow to Christmas shoppers. The mailed out checks totaling $235,000 to holders of Christmas Depositors who had lodged weekly sums the bank for 50 weeks past were large part of the milled about the closed doors today.
3.
December 8, 1926
Santa Cruz Sentinel
Santa Cruz, CA
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THEFTS CLOSE BANK AS AIDE KILLS SELF
MEMPHIS, Tenn., Dec. American Savings Bank and Trust Company of Memphis was closed for liquidation today after an assistant cashier had confessed shortage and killed himself Less than week ago a bookkeeper disappeared, leaving shortage of approximately $105,000.
4.
December 8, 1926
Santa Cruz Sentinel
Santa Cruz, CA
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American Savings Bank and Trust company was placed in the hands of state bank examiners today after employe admitted shortages of $300,000 and then killed himself Clarence assistant cashier and teller. fired bullet into his heart after telephoning Abe Plough, Memphis capitalist, of the and saying he would kill himself unless help could be obtained to save himself and the bank. Suspension of business struck heavy The blow Christmas shoppers. bank mailed last out night 6000 checks for $235,000 to holdof Christmas savings accounts. Depositors who have lodged weeksums with the bank for fifty weeks part were large part the throng milled about the closed doors today.
5.
December 8, 1926
The Press Democrat
Santa Rosa, CA
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Tenn., Dec. The American Savings Bank and Trust company was placed in the hands examiners today after employe admitted shortages $300,000 and then killed himself. Clarence Henochsberg. assistant cashier and teller. fired bullet his heart after telephoning Memphis the and he would shortage himself unless help could obtained to himself and the
Suspension of business struck heavy blow to Christmas shoppers The bank mailed last night 6,000 checks for $235,000 holders of Christmas savings accounts. Depositors who have lodged weekly sum with the bank for weeks past were large part of the throng which milled about closed doors today.
6.
December 8, 1926
Enterprise-Record
Chico, CA
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Banker Admits Theft; Suicide
Christmas Savings Funds Locked up When Trust Company Closes
MEMPHIS, Tenn., Dec. The American Savings Bank and Trust Company was placed in the hands of state bank examiners today after an employe admitted shortages of $300,000 and then killed himself Clarence Hemochsberg, assistant cashier and teller, fired a bullet into his heart after telephoning Abe Clough, Memphis capitalist, of the shortage and saying be would kill himself unless help could he obtained to save himself and the bank Suspension of business struck heavy blow to Christmas shoppers. The bank had mailed out 6000 crecks for $235,000 to holders of Christmas savings accounts. Depositors who had lodged weekly with the bank for fifty weeks past were large of part the throng which milled about the closed doors today set mile long and a halfmile wide is being erected for new picture, "Sunrise It rep. resents section of city, with elevated trains, street cars and other objects of city life Oscar F. Morgan, former ser. geant in company of infantry once by Irene Rich's husband in Hawaii, says Miss Rich was excellent rifle shot in those days before she had even dreamed of movie career.
7.
December 9, 1926
The Times
Shreveport, LA
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MEMPHIS BANK GETS RECEIVER
Institution Looted by Two Employes Placed in Hands of State Superintendent
Memphis, Tenn., Dec. (P).-S. McConnell, state superintendent banks, was appointed receiver for the American Savings Bank and Trust company of Memphis late Wednesday, following consideration of McConnell's petition in chancery court alleging the insolvency of the institution.
The bank closed its doors Tuesday and was placed in the hands of state bank examiners after Clarence Henochsberg, assistant cashier, reported cashier. and then committed suicide. The superintendent's suit granted by Chancellor McKetchum based the plea for receivership on allegations that Henochsberg had confessed to $200,000 shortage and that the bank was in an insolvent state. McConnell's petition set the Henochsberg shortage at $200,000. citing the assistant cashier's statement Abe Plough, Memphis capitalist, as authority The statement Plough, however, declared that the bank employe set the shortage at $300,020 in conversation with Mr. Plough just before he shot himself. In citing also the alleged shortage in the accounts of Rush H. Park, the same institution, who disappeared suddenly last Thursday, the McConnell petition set this loss at $105,000. The apparent discrepancy these statements increased the belief among bankers and civil officers here that significant relationship existed between the shortages of the missing clerk and the dead assistant
8.
December 10, 1926
Brownsville Herald
Brownsville, TX
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Arrest Bookkeeper In Memphis Bank Affair MEMPHIS, Tenn., Dec. 10.-(AP) J. T. Williams, individual bookkeeper of the American Savings Bank and Trust Company of Memphis, now in receivership, was arrested today and charged with embezzlement of $21,000. Williams' arrest was a new development in the sensation concerned with the bank which closed Tuesday following the suicide of Clarence Henocksberg, assistant cashier and confessed defaulted in the sum of $300,000 and surrender yesterday of R. H. Parke, clerk in the bank after shortages of $105,000 had been revealed in Parke's accounts.
9.
December 10, 1926
The Columbia Record
Columbia, SC
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Defalcations to Cashier-Suicide
MEMPHIS, Tenn., Dec. Rush H. Parks, confessed went back the city jail last night after spent the offices the American Savings Bank Trust company where he aided bank examiners straighten into his flight and suicide of cashier, Parks, in the bank, to police early that Henochsberg's responsible his illegal and that himself had received paltry part the which found his Belief that Parks the tool the cashier by prisstatement to police that had made improper entries his books Henochsberg's for some time before was he the his and to rebel his superior's bidding. The American Savings Bank and Trust company, shaken by shortage admited Parke the shortage of before shot himself, in the hands McConstate of banks, receiver. McConell's auditors. aided by Parke's voluntary and pert assistance, hope to discover the
10.
December 30, 1926
The Winchester Sun
Winchester, KY
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DEFUNCT BANK HEAD IS DEAD
Aged President Of Memphis Bank In Of Institution Was Suspended
(By Associated Press.) Memphis, Dec Cohn, 78, president of the American Sav ings Bank and Trust Company, lapsed bank today and died minutes. The bank suspended business af ter Clarence Henochsborg, cashier, admitted shortages of $300, 000 and committed suicide and three other employees been arrested charges of embezzlement.
11.
December 30, 1926
The Messenger
Madisonville, KY
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COHN DIES IN MEMPHIS BANK WHICH FAILED
President and Financier, 78, Collapses and Soon Expires.
EMPLOYEES WRECKED LARGE INSTITUTION
Cashier, With Shortage of $300,000, Killed Self, Three Held.
MEMPHIS, Tenn., Dec. 30. Cohn, 78, president of the American Savings Bank and Trust company, which closed its doors two weeks ago, collapsed in the bank today and died within a few minutes. The bank suspended business after Clarence Henochsberg, assistant cashier, admitted a shortage of $300,000 and committed suicide and three other employees/ had been arrested on charges of embezzlement.
12.
December 30, 1926
The Oakland Post Enquirer
Oakland, CA
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Bank President Stricken, Dies
MEMPHIS. Tenn., Dec. Harry Cohn, wealthy president of the American Savings Bank & Trust company, dropped dead in his office here today. Worry over the failure of the bank was believed responsible,
13.
January 8, 1927
The Knoxville Journal
Knoxville, TN
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LARCENY LAID
Alleged To Have $105,000 Of Closed Bank.
MEMPHIS, Tenn., Jan. Charged with grand larceny in the sum of $107,000, which he is alleg. ed to have received from the funds of the now closed American Sav. ings Bank Trust company, JesM. Foltz, operator of chain market system here vas arrested tonight. Foltz's arrest was the fourth which has followed the closing of the which preced ed by the suicide of Clarence Henochsberg, cashier, and followed by the sudden death believed by friends due to grief of Harry Cohn. aged president. Foltz. who has constantly under surveiliance officers since the arrest Rush H. Parke, about the funds, denied that business had profited Parke's speculation. Parke kept books for Foltz suburban markets. additions to his job and now under $25,000 Total shortages the hank's funds examiners have exceeded Foltz's with the speculations officers said was the $105,000 draft while keeping the Parke. returned to Memphis after told that had an overdraft for Foltz kept on covering the overdraft larger larger, and as Folt: falled to pro-
14.
January 9, 1927
The Tennessean
Nashville, TN
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Foltz Files Bill For Cred ofs; Denies Big Thefts
(By Associated Press) Memphis, Tenn., Jan. 8-Jesse M. Foltz, owner of a chain of suburban markets here. pleaded not guilty today when arraigned before magistrate on charge grand larceny of $107,000 from the closed American Savings Bank and Trust Company. He was released on $25,000 bond. Almost simultaneously attorneys for Foltz filed In chancery court general creditors' bill asking the appointment of receiver for Foltz' suburban markets to prevent the state bank examiner-receiver for the wrecked bankfrom forcing the market company into bankruptcy. Foltz' bill denied the claim of the bank that he had obtained $107,000 of the bank's funds and declared that any apparent shortage was due to the fraudulent manipulations of Rush H. Parke, former bookkeeper of the bank who is now under charges of larceny. Parke had been bookkeeper also for Foltz' stores.
15.
January 9, 1927
Evening Star
Washington, DC
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DENIES $107,000 GAIN FROM WRECKED BANK Owner of Chain of Markets Near Memphis Blames Apparent Shortage on Accused Bookkeeper. By the Associated Press. MEMPHIS, Tenn. January 8.Jesse M. Foltz. owner of a chain of suburban markets here. pleaded not guilty today when arraigned before a magistrate on a charge of grand lar. ceny of $107,000 from the closed American Savings Bank and Trust Company. He was released on $25,000 bond. Almost simultaneously, attorneys for Foltz filed in Chancery Court a general creditors' bill asking the appointment of a receiver for Foltz's suburban markets to prevent the State bank examiner-recelver for the wrecked bank -from forcing the market company into bankruptcy. Foltz's bill denied the claim of the bank that he had obtained $107,000 of the bank's funds and declared that any apparent shortage was due to the fraudulent manipulations of Rush H. Parke, former bookkeeper of the bank, who is now under charges of larceny. Parke had been bookkeeper also for Foltz's stores.
16.
January 19, 1927
The Commercial Appeal
Memphis, TN
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Looks for Fortune, Finds Prison Term
The search for fame and fortune of Kernsten Hansen, Swedish immigrant, has been postponed for at least 12 months. The red-headed husky from the nation of the Olsens and Yensens entered a plea of guilty to charges of breaking into a box car yesterday in second division court, and jury sentenced him to serve not more than three years in the state penitentiary Hansen came to this country several months ago, leaving his family with the assurance that he would soon amass a fortune in the "land of the free and prohibition. He promised that he would send for them as soon as his bank account would allow and left the old folks with high hopes and light hearts. But 'things broke bad" for Hansen. He has no great amount of education, and although his shoulders are broad and his back is strong, jobs were scarce and "he had no trade or profession. He secured work finally in coal mine, but that employment lasted but little while. Hansen then began to drift along the lines of least resistence, until one day last month he ran out of money -and cigarettes. His desire to smoke became too great and he broke the seal of box car in the local rallroad yards and stole a quantity of "fags. Only small supply was taken, but felony had been committed and the law must be satisfied.
Now the old folks in the little mountain home will wait long time before they receive transportation to America from their erring boy. Instead of fame 1*fortune he found prison bars and rock piles. H. S. ORR BEFORE JURY.
McConnell Asks Bankruptcy Adjudi- cation for Former Motor Salesman.
Again a federal jury is to determine whether Harry Orr. former president of the Tri-State Motor Sales Company, was insolvent Dec. 19, 1923, for on this fact and one other depend whether he is adjudicated a bankrupt. It was on Dec. 19, 1923, that Mr. Orr is alleged to have executed a $15,000 third mortgage on his home at 1459 Central Avenue to Mrs. Rachel Paxton, giving her a preference over other creditors, it is contended by S. S. McConnell, state bank superintendent, as receiver for the Security Bank & Trust Company: the Madison Bank & Trust Company and the American Savings Bank & Trust Company. Mr. Orr denied on the witness stand yesterday morning before Federal Judge Anderson that he was insolvent and protested that the notes signed by him for the larger part were signed as president of the TriState Motor Sales Company and were not individual debts of his. In his answer filed to the charges instituted by the bank receiver he said that the banks had not exhausted their against the company. A federal jury once before. Feb. 21, 1925, decided that Orr was solvent. The.jury also decided he had not given Mrs. Paxton a preference in the bankruptcy revise. These two essentials are before them again on new trial. John Vorder Bruegge, Auvergne Williams and Ed Riddick, representing the banks, allege that Orr is indebted to the banks for thousands of dollars for indorsements on notes. Orr is represented by Hal S. Buchanan and W. G. Cavett.
17.
February 9, 1927
The Cleveland Press
Cleveland, OH
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THREE INDICTED FOR MEMPHIS BANK CRASH
Lareeny and Embezzlement Charged in 84 Counts
By United Press MEMPHIS, Tenn., Feb. , The Shelby County Grand Jury yester day returned Indictments against three men involved in the recent crash of the American Savings Bank & Trust Co. Those indicted were: Rush H. Park, former bookkeeper of the bank. who is charged with T. Williams, former bookkeeper charged with embezzling $200,000. Jesse M. Foitz, head of chain market system in Memphis, who is charged with lareeny of $100,000 by overdraft. The men were indicted on a total of 84 counts in bills charging lar ceny, fraudulent breach of trust. false entries and embezziement.
Daughter of Calles to Wed SAN ANTONIO, Tex., Feb. 9-The daughter of President Calles of Mexico. Senorita Natalia Charon