Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-09-13
TO OFFER LARGER
REWARD FOR SMITH
RoseviIle Trust Directors Again
Active in Seeking Miss
ing Treasurer.

In their effort to clear up the
wreekage of the Roseville Trust Com
pany, the directors and depositors
were both active today.
The developments were:
l. L. r. Vredenburgh, deputy bank
ing commissioner, said the directors
would have to open their own books
in starting new bank. The directors
thereupon announced their intention
of putting auditors to work on Mon
day
. The directors decided To announce
q much larger reward for Raymond
E Smith next. week.
9. The Depositors' Protective Asso-
ciaticn sent Banking Commissioner
La Monte petition demanding the
revelation of those men whose worth
LIST notes are held by the defunot
bank.
. A rumor reached the ears OF the
depositors TO the effect that The
maker of one of the largest notes
held by the bank was preparing to
fee.
Some of the difficulties in the way
of a speedy reorganization were out
lined by L. R. Vredenburgh. deputy
State commissioner of banking and
insurance, today.
There is an enormous volume of
work in connection with the opening
of a set of books for the proposed
new bank All that work, of course,
has to be done by the directors and
depositors who are interested in the
reorganization There are $500 de-
positors. and all their accounts will
have to- be transferred to new
ledgersa
Edward D, Dunn. the prime mover
in the projected reorganization, has
indicated, as exclusively told in the
Evening Star Yesterday, that if all
these preliminaries cannot be COM
pieted by October l il is proba BILE
that the plan will have 10 be aban-
doned. Yet the one auditor the
directors had at work on the bank s
books has been Withdrawn.
Are you giving all the assistance
possible to the furtherance of the re-
organization Mr.. Nredenburgh was
asked
Yes. but there are great physical
difficulties TO encounter he said. "In
my work | am troubled by the lack
of desk room Only so many men can
work to advantage here
Mr.. Vredenburgh added that he was
in sympathy with the reorganization
plan,
When told by an Evening Star re-
porter of Mr.. Nredenburgh's state
ment the directors professed amaze
ment.
why, that makes it better than
ever for us, said Mr.. Dunn. in whose
offices William Fairlie, Harry w.
I
comforting. I'VE will put Edward
Rorebeck, our auditor. and his as
sistants back in the bank on Monday
to open new set of books for the
new bank. Next week We will decide
on who win be president and treas
urer. The depositors. who will be
stockholders, will, of course, elect the
directors.
A more complete statement of the
shortage will be obtained, the direct
ors think, even as early as next week.
The reward of $1,000 for Raymond L.
Smith will be raised.
The Depositors' Protective Associa-
ton today sent to George Nj. La
Monte, commissioner of banking.
their petition demanding a revelation
of the makers Of the worthless notes
now held by the defunct trust com
pany.
The names on the petition are:
Frank Blanch, of 6 Boyden street; e.
P. Kastner, of $50 Park avenue; Fred
Muller. of 127 North Ninth street: T..
NJ. Griffith, 2S4 North Sixth street;
II. w Keim, OF 1876 Orange street;
Michael Kane, jr., of 81 South Thir-
teenth street: j. Chankalian. 2S2
Seventh street; B. Bruh. of 446 Or
ange street George Giocasn Simos
Chinopekos, of 4461k Orange street.
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