Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-08-23
Depositors' Liabilities
100000 More Is
Examiner S Finding.
Sure to Go Higher.
DISCOVERY HAS THROWN
SUSPICION ON ANOTHER
Detectives Are Watching the
Man, Fearing That He May
Try to Emulate Smith in His
Flight from Justice.

In a startling statement issued to.
day, L. r. Vredenburgh, Deputy
Commissioner of Banking and Insur-
.ance, foretold a large increase in the
shortage of s35S,000 already discov-
cred in the assets of the Roseville
Trust Company.
This was his announcement:
"A comparison of some of the pass
books of depositors has disclosed an
increase of about $4,000 in the liza
bilities of the Roseville Trust Caln-
pany to depositors.
'The comparison shows deposits to
have been made that do not appear
to have been credited on the deposit
ors' ledger. Smith frequently acted
as receiving teller"
Two Others Suspected.
What this increase may total up tc
when all the passbooks of the thous-
ands of depositors are examined is
matter of speculation the banking
department is not willing to go into
As a result of this discovery. how
ever. it is said that suspicion has
fallen on at least one other man, who
is now being watched by detectives
in case he might try to emulate Smith
in taking flight
Directors Divided.
The directors of the closed bank
have split on the project of raising
a fund to protect the depositors and
replace the capital as a preliminary
to reorganizing the institution. Pres
sure will be brought to bear on some
of the more reluctant
At the directors meeting last night
only $4,000 was pledged for the re-
Mobilization of the bank. OF that
amount President William p. Odell,
Vice President William Fairlie and
Edward B. Dunn, the three men who
are most interested in the reorgani-
zation, subscribed $4,000.
One director, who is rated at half a
naillion, it was said today, pledged
only $500. In order to force him and
others who have taken similar stand
into line, daily directors meetings
will be called and pressure will be
used.
The depositors' association, headed
by Clifford MacEvoy, is to be repre-
sented by Edward f. Clark, of New
York, an expert in banking law. Mem
bers of the association representing
IOlal uepUSltS OF over SlbU,U0U nave
agreed to assess themselves 1 per
cent. of their holdings to meet the
legal expenses.
The police are more confident of
capturing the missing secretary and
treasurer than they have been. 1t
was even said today that they had
hopes of running him down before
Monday.
1t became known today that the
$4,000 bond of H. Randolph Jennings,
former paying teller of the bank, who
left two weeks before the crash came,
has not yet been Cancelled. Jennings
has always insisted that he gave up
sIis position because he and Smith
could not get along, but it is ru-
mored that the official reason for his
leaving, as reported by Smith to the
officers, was moral incompetence"
Mr. Fairlie was asked today if
Jennings had really been discharged
because Smith thought he had not
been conservative enough in choosing
bis recreations and companions "I
understood it was something like
that Mr. Fairlie said.
Smiths Assets, 1854, 900.
As the result of an application to
be made before Federal Judge John
Rellstab Monday for certain orders
for an injunction. together with the
finding of 100000 worth of additional
assets, Wilfred C. Roszel, receiver
Continued on Page 2. Column 81