Show A DEFAULTER 1 buffalo suicide carried a large insurance arthur E pennell killed in an automobile accident a defaulter of the buffalo N Y conr mercial pub fishes a etory story in which it la Is that arthur E R pennell who was killed in an accident on march 10 wai was a defaulter to tho the ex tent of from to the story Is to tho the effect ef hect that pennell induced friends in the cast east who had known his family and the family of his wife to place mono in his ilia hands for investment ho lie acted in fact as their financial agent ho lie would in form them of some good investment which ho he bad had come across chich would pay an excellent rate of inter later est and they would send him money the money which was sent to him for investment it la to alleged eged he spent and when interest payments lia ments foil fell due he made the payments out oc of his own pocket wallace thayer who was Pen pennell nells a attorney and intimate friend Is referred to by the paper as saying he had suspected irregularities hut but that bo he had hea no proof of any such wrongdoing incidentally it has been learned that pennell made provision for tho the payment to mra mrs edwin L burdick of out of his life insurance su pennell carried over life insurance in order the commercial says that after his death the eastern estates to which he Is alleged to have been a def might be able to recoup the losses which they sustained through him hini in bis his will pennell named as of his estate bis his brother 3 Fred fredarick crick pennell he ile left to his administrator sealed instructions aliat upon bis ilia death he should make good in full out of his estate all the losses which bad had been sustained through his ilia defalla eions |