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BANK RECEIVER'S ARREST ORDERED; SHORTAGE FOUND Accuse Emil Wentzlaff of $9,029 Embezzlement. (Picture on back page.) Municipal Judge Frank M. Padden issued a warrant yesterday in the Felony court charging Emil Wentzlaff politician and former city hall pay roller, with embezzlement after he been told that Wentzlaff had embez. zled $9,029 of the assets of the closed Boulevard State Savings bank, of which was formerly Wentzlaff was by $300,000 surety bond and the depositors in the bank will thus suffer no loss. The warrant yesterday was obtained by the Continental Casualty company. which bonded him. Robert J. Murphy. an auditor employed by State Auditor Nelson. testified that he made an audit of Wentzlaff's books in October and discovered the shortage. Audit Brings Removal. Wentzlaff was removed as receiver of the bank on Oct. 25, the day that the audit completed. He had been appointed to the post by Auditor Nelson shortly after the bank closed on April 16, 1931. Murphy was sent to examine the after Wentzlaff reported that he had about 000 in cash on hand. Auditor Nelson's office It was explained that receivers are instructed to keep only few hundred dollars in closed banks as petty cash fund and to place the collections they make in downtown bank where they will draw interest Wentzlaff's report of cash on hand thus caused the authorities to act. Wentzlaff, whose home is at 3817 North Lawndale avenue, has been active in polities for several decades. He was for long time assistant secretary of the county Republican committee. Later he was in charge of the head quarters of former Republican mayor at the Hotel Sherman at the same time that he on the pay roll of the board of local improvements. Depositors Demand Removal. His as receiver of the Boule- Monday. vard State Savings bank, which is at 3621 Irving Park boulevard, was denearly months ago by an association of depositors in the bank The charged that Wentzlaff was an interested person because his wife was depositor, and that he was extravagant in administer ing the bank affairs, having a dozen employés in his office when Auditor Nelson had told depositors four persons could do the work. At Auditor Nelson office it was sald yesterday that an investigation at that time showed the extra employés complained of were law students who had asked and received permission from Wentzlaff to familiarize themselves with the procedure in liquidating bank, and who were receiving no pay. One reason why the complaint against Wentlaff was Audi tor Nelson's employes said, was that the charges were made by a depositors' which made a practice of collecting fees from Nelson has to have any dealings with such The of the bank was consolidated with that of the Lincoln Trust and Savings bank after Wentzlaff's The warrant for his arrest was sent to the detective bureau last night for service.
