The Paducah sun. [volume] (Paducah, Ky.) 1898-1906, 1905-10-19


Smith. formerly of Paducah and un-
til short time before it was closed
president of the Western National
bank at Louisville, was today indlct-
ed by the federal grand jury here on
ten counts in connection with the
affairs OF the bank.
He is accused of making false en-
tries to the extent of $4,000, of
Incorporating $4,000, and of
embezzling $4,000.
Smith is at present missing. He
came here from. Paducah to become
president of the Western bank, which
was subsequently converted into
national bank. About six weeks after
Smith was forced to resign, the bank
was closed by order of the comptroll-
er at Washington and while 1t was
never so stated publicly; il was un-
derstood in financial circles that
Smiths management was RESPONSE
Bile for the banks closing.
The bills were based on evidence
furnished by United States Bank Ex-
aminer r. ID. Garrett, of Princeton,
KY; o. S. Denny, of Carrsville, KY;
George c. Wallace, of Paducah; A.
f. Orr, of Central City. KY; II. II.
Reynierson, of Charlottesville, KY;
w. A. Julian, president of the Queen
City Savings company of Cincinnati;
c. w. Bonita, J. s. Woods, V. j. Blow,
T. l.. Jefferson and Miss Anna Hal
pin. of Louisville, and f. p Toof, of
Paducah.
The first indictment charges that
May 1, 1905, w. y. Smith as presl-
dent of Western National bank, made
false entry in showing that $4,000
had been paid to Citizens bank of
Carrsville, Ky.
Indictment No. 2 charges that w.
B. Smith made false entry in cred
ting George G.. Wallace with $780,
$4,000 instead of S29,966. 65 on
May /, 1905.
1t is charged in the third indict-
ment that w. B. Smith made a false
entry using the name of George G.
Wallace the amount being $4,000.
T. On May 20. 1905, fourth -indict-
ment charges w. B. Smith made a
false entry in favor of himself for
$4,000.
Fifth Indictment alleges that on
June IL, 1905. w. b. Smith made a
false entry debiting the account of
the White Oak Camel Coal company
with $4,000 on the order of the
Queen City Savings Bank and Trust
company of Cincinnati,
June 10, the sixth indictment
charges w. b. Smith made false
entry debiting the account of the
Continental National bank of Chica-
go with $4,000.
Seventh Indictment charges w. b.
Smith with having misapplied w.
$1,000 proceeds of a note executed
by f. p. Toof, of Paducah.
Il is set forth in the indictment
that Smith in discounting the note
knew Toof TO be insolvent.
w. B. Smith is charged in the
eighth indictment with having mis-
applied $4,S66.67, the amount of
note executed May 3, 1905, by F. p.
Toof, whom Smith knew TO be insol-
vent.
The ninth Indictment charges that
on July G, 1905, w. II. Smith misap-
piled $4,250 in discWmting a note
of l.. C. Garrett, whom Smith knew
20 be insolvent. Indictment ten al
leges that on July s, 1905, w. b.
Smith embezzled $4,000 The in
iictment of Smith was not unexpect-
ed. He himself had anticipated such
result and had retained formeN
United States District Attorney w
NJ. Smith to take charge of his case.
There is reason to believe that the
charge against Smith has to do with
he alleged manipulation OF the
funds of the bank by which he is
claimed to have profited to a con
siderable extent.
Ii is possible that Smiths connec-
ton with a Paducah banking and
trust company may figure in the de-
yelopment of the evidence. II has
been the subject of street gossip that
at the time Smith left Paducah to
come TO Louisville he was practically