Embezzlement Charges Close Port Angeles Bank

A startling proceeding occurred here last night. J. S. Coolican, as president of the Western Washington Development Company, swore out a complaint against P. F. Schwartz, president of the Bank of Port Angeles, and had him arrested about 1 o'clock this morning. The complaint charges Schwartz with the embezzlement of $300. Schwartz gave bail and the case was brought before Justice of the Peace Grant at 10 o'clock this morning. The evidence showed that J. S. Coolican, as president of the Western Washington Development Company, some days since made a draft for $300 on one Morgenstein, of San Francisco, through the Bank of Port Angeles. Schwartz forwarded it to his correspondent at Portland, and it was paid and placed to the credit of the Bank of Port Angeles. Coolican demanded the money of Schwartz, but was told that no return had been made. As Schwartz has been having some trouble financially, Coolican became alarmed and caused the arrest. The case occupied the entire day and Justice Grant rendered a decision dismissing the case. The bank has been closed all day.