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Show PENNELL A DEFAULTER. Buffalo Suicide Carried Heavy Insurance Insur-ance for Benefit of His Victims. Tho Iluffalo, N. Y., Commercial publishes pub-lishes a story In which it Is alleged that Arthur E. Ponnoll, who wits killed In an nutmomoblle accident on March 10, was a defaulter to tho "ex tout of from $150,000 to J200.000. The story Is to the effect that Pennpll.ln-ducod Pennpll.ln-ducod friends In tho cast who yail known his family nnd tho family of his wife to place money In his hand for Investment. lh acted, In fact, us tholr financial agent. Ho would Inform In-form llioin of seme good Investment which he had como ncrosa which would pay on oxcollont rato of Interest, Inter-est, and they would send him money. The nionoy which was sent to him for Investment, it la alleged, ho spent, nnd when Interest payments fell due ho made the payments out of his own pocket. Wallace Thayer, who was Pcnnell's attorney and Intlmnto friend, la referred re-ferred to by tho paper as saying ho had suspected Irregularities, but that ho had no proof of nny such wrongdoing. wrong-doing. Incidentally It has been learned that Ponnoll mado provision for tho payment to Mrs. Edwin L. Ihirdlck of $25,000 out of his llfo insurance. in-surance. Pennoll carried ovor $200,-000 $200,-000 life Insurance, In ordor, tho Commercial Com-mercial saya, that after his death tho eastern estates to which ho is allogod to havo boon a defaulter might he ahlo to recoup tho losses which they sustnlnod through him. In his will Pcnncll named as administrator of his estate his brother, J. Frederick Pennoll. Ho loft to his administrator scaled Instructions that upon his death ho should make good In fulljout of his estato all tho losses which had been sustained through his defalcations. |