Perth Amboy evening news., 1911-10-18
GRANDJURY To
INDICT SAME tn
Examiner from State Banking
Department Takes Witness
es to New Brunswick.
CROWD AROUND OFFICE
Deputy State Commissioner
Says Sameth Is Short Large
Sum--StiII Missing.

Emil Sameth, the foreign ex-
change broker and steamship ticket
agent OF 375 State street, arrested
Monday night on charge of perjury
for swearing falsely In statements
to the state banking commissioner,
will be indicted by the grand inry
today, according to all expectations.
State banking department Officials
claim they have the goods on him,
as he underestimated to the extent
OF $4,000 In his report to the stafa
banking commissioner last July and
has since admitted heavy Shortage
IN remittance money, shortagu of !.
about $4,000 In outstanding ae-
counts due depositors and was HI
solvent to the extent of $4,000,
while he admitted having but ST eco
in cash on hand Joseph NJ. Conkigu.
an examiner from the state banking
commissioners Office, who has haen
here the past three days examining,
Sameth's accounts, and six local men
went to New Brunswick today to
testify against the Astounding bank
er before the grand jury.
Foreigners Are Alarmed.
Sameth's actions followed w his
disappearance has caused general
alarm among about 1000 men and
women, mostly Hungarians, Poles
and Slays who did business with
him. Despite the downpour OF rain
today crowd. the number OF which
nuctuated from few dozen to more
than a hundred, pressed against the
closed doors of Sameth's establish
ment at 375 State street. About
twenty men and women appealed to
Chief Of Police Patrick J Burke and
recorder Henry w. Kehoe last night.
they wrung their hands and some at
the women wsot because of the loss
OF their hard-sarned savings Fer a
time this morning 1t was feared d
gang OF men and women would force
their way into Sameth's place. Ono
woman threatened to dash through
one Of the plate glass windows and
was restrained from doing so.
Statement Of Commissioners
Deputy State Banking Commits
sioner Johnstone made the following
statement to the NEWS toaays
"Sameth was short considerable We
are not through examining his ac-
counts. but wa SQuna s H. sssssssxs
Iadnlisslons made by himself " Fad
lenough evidence against him I'll war
lrant our examiner, Joseph NJ C0Bk-
hns going before y0us costfaly y All astaxs.
aties TO anprehend him MpnSlay
night In preliminary report to
the state banking commissiono 4
office, Sameth acknowledged he had
about $1,500 In cash: that hs was
aifnosf two months behind In foreign
/ remittances; that he wag fnsolyent
Ito the extent of $4,000. thar he
had been forced to pay large num-
Der OF depositors and as he had no
FUNDS to meet them had used current
| ireceipfs of remfttanees; that deprsita
of money to him had not been made
a part of his liabilities In Il sworn
statement to the state banking con,-
| missioner, and that about s4.000
| was short In outstanding accounts
still due depositors Mr.. Johnstone
said that there was large amount
OF remittance money not covered.
which amounted to considerable.
This means that Sameth had not
sent money abroad for several
months. as he had promised after
taking It from the senders.
IN his statement In July to the
state banking commissioner, it Is al
legged, Sameth nnderestimated hts
accounts to the extent OF $4,000
and on that ground he was arrested
on charge OF perjury, having sworn
falsely.
Believe He win Return.
Up to noon today nothing had
been heard from Sameth nor any
member Of his family. His place is
still closed Even those who had
been his most intimate friends de-
clared they had heard nothing from
! him and did not know of his present
whereabouts. The police and Conn-
ty Detective Richard A. Peltier. who
arrested Sameth Monday night. de-
clared last night as their belief that
he had only placed himself under
cover temporarily to avoid violent
treatment at the hands Of the inan
and women whose money he had
taken. They said they believed he
would put In an appearance in time.
On Nav tn phisafatnhsa