The Birmingham age-herald., 1905-10-20
MAN BADLY WANTED
 FOR ENTERTAINMENT
w. B. Smith Said to be in
 Porto Rico
S198,O13.92 FOUND MISSING
Recent President of Western National Bank of Louis lille Also Charged With False Entries and
 Misappropriations

Louisville Ky, October 19.-W. B. Smith, former president of the Western National bank of this city, was indicted today by the federal grand jury on ten counts, charging I'm with embezzlement. making false entries and the niisappro- priation of the funds of the bank. I The total defalcation charged in the items is s19s, .92, divided as follows: False entries, $195,966.65. Misrepresentation, sl2,047.2Z Embezzlement, $50,000.
 MT. Smith is said to be in Porto Rico, and 1t Is alleged a cablegram has been received from him saying he will return to Louisville on October %. The indict- ment on the first count charges that in May, 19O5 Smith caused false entry for $iO0Oo in favor of the Citizens bank of Carrsville, Ky, to be entered in the general blotter of the Western National bank. On the same day Smith is charged with making two false entries in favor of George c. Wallace of Paducah. One of these entries is for $39,966 and the other Is for $1O00O.
 The fourth charge recites that on May 29 Smith made false entry in favor of himself.
 The fifth count charges that on June F Smith debted the account of the White Oak Canal Coal Co. for s35, 900, this sum purporting to have been paid by the drection of the Queen City Savings bank and trust company of Cincinnati The sixth count charges Smith with
 having made a false entry for $35,OO0 in favor of the Continental bank of Chicago. The date of this entry Is June i3. The seventh eighth and ninth counts charge misappropriation of the funds of
 the Western National bank by small notes made and endorsed by F. P. Toof and l.. c. Garrett, it being alleged that Toof was insolvent at the time. The tenth and last count of the indlct-
 ment charge that on July s. while presi- dent of the Western National bank,
 Smith embedded $5OO0o of the bank s | money which was in his custody.
 The principal witness who testified be- fore the grand jury in the investigation | are R. D. Garrett, national bank exami- ner of the United States; George Wal lace. Paducah; F. r. Toof, Paducah; w. A. Julian, president of the Queen City Savings Bank and Trust company of Gin cinnati; T. l.. Jefferson and George Stege of Louisville.
 Went to New York Last Week. Smith went to New York from Louis vile last week. and was at the Fifth Avenue hotel. Last Saturday he wired President Jefferson his resignation as a director of the Western National MT Smith bought controlling interest in the Western National N ha- came It's president but owing to dssat- isfaction among the directors over his ad- ministration he was forced to resign on July 10 last. He was succeeded by T. l.. Jefferson, the present president of the bank.
 MT. Jefferson and the other members of the directorate exerted all their energies to hold the bank up. but August 21 the controller of the currency ordered 1t closed. The bank has since reopened un- der favorable conditions
 Smith Is 32 years old He came here from Paducah, where he was interested in several enterprises. At the age of 2l Smith was cashier of a banking company at Lewisburg, Ky, and two years later held a similar position In Saughterville. Ky
 Organized Paducah Concern. Tn 1902 MT Smith helped to organize the Globe Bank and Trust company In Paducah and became its president. He remained In this position in Slaughter vile Ky. for two years going to Louis vile year later.
 While in Paducah Mir Smith took a prominent part In church affairs ~<<l taught class In the Broadway Methodist Sunday school He owned an interest In the Ledger. He also had stock in the Jackson whig. a newspaper published at Jackson, Tenn.
 He was formerly president of the Peo- pie's Home Publishing company of Pa ducah. which Is now in the hands of a receiver. fraud order having been is- sued against 1t by the government several months