The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-04-02
THE REYNOLDS TRIAL.
The Late Secretary osthe Guarantee Loan
Trnst Company on Trial III the crim-
NAL Court on the Charge OF Ember1le-
meut-Prssidrnt Taylor Texiines-

The Late Secretary OF the Guarantee Loan
&Trast Company on Trial in the Crim-
lnal Cour on the Charge or Embe11ie-
ment-Prssidrnt Taylor Tesiihes-
Yesterday. In the criminal court Of
Ohio county, the trial Of T. w. Rey-
nolds. who was secretary OF the Guaran-
tee Building & Loan Company, whose
principal office was located in Wheeling,
basan, and IS likely TO continue for sew
erai days. Yesterday the only witness
examined was DR.. D. H. Taylor. of this
city. president OF the company, and in
the course of his testimony he made
serious allegations against Reynolds.
The charge OF the Indictment is cmhez-
element.
DR.. Taylor told Of the alleged unau-
thor!zed taking TO Washington City OF
the books and securities OF the COM
pany by the defendant. He said there
had been several attempts on the part
OF the directors to have Reynolds attend
4 meeting md present a statement OF
the condition OF the company affairs.
Reynolds at that time promised to have
affairs IN shape 10 present the directors
With 4 statement on January l; he also
stated that ne was about to make ar
rangemeDts ut Washington for o large
sum Of money TO loan, but the witness
said nothing along that line would meet
with the approval OF the directors until
the defendants promised statement was
made. To this the defendant agreed.
The witness said Secretary Reynolds
salary was SIS per month. with q per-
ceatage in addition IL he could negotiate
loans beyond $4,000. Regarding the
Washington Office Of the company, the
witness said that was entirely Rey-
nolds' affair; the company was to bear
non of the expense. In fact. the direc-
tors did not want the business extend
ed TO Washington, because there were
more loans asked here than could be
negotiated. The lease for the Washing
ton office was introduced as evidence;
1t Is In the name OF F. W. Reynolds indi-
vidualiy. The lease for the Wheeling
Office was first made out in the name OF
Reynolds and later transferred TO the
company.
The efforts to recover the books from
Reynolds were told by the witness. Rey-
rolds, he said. had a knack of putting on
the directors. Finally at a meeting on
January Il. Reynolds became angry and
handed In his resignation with the re-
quest that a committee be appointed to
arrive at the amount due him. The d.
rectors declined to accept<thc resigna-
ton until Reynolds had submitted the
books for audit.
Then n committee OF the directors,
composed of the witness, who was the
company's president, and Ncssrs. Som
mervIllc and Ogden. was appointed to 80
TO Washington with Reynolds and ee-
cure the books and securities. On the
arrival Mt Washington, the witness as
serted that Reynolds left the party and
broke n promise to join the Wheeling
people at the office of the company.
Later he went to the office, too late, It
was alleged, to catch 4 train for Freder-
ick. Md, where Reynolds had said they
would have to go to sccur the securities
and books. Mr.. Sommervillc, the wit
ness said, then told Reynolds that he
had lodged a settlement too long, and
must settle at nee. Again Reynolds
slipped away on Il prctcAt and he was
not seen again until after 4 o'clock,
when he Informed the directors that they
could not touch the books and securities:
they had been enJoined from taking
them by court. Mr.. Sommervillc lnres-