New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-08-17
MISSING TRUST CO.
TREASURER IS FOUND
Detectives Discover Raymond
E. Smiths Whereabouts, and
Warrant Is Issued.
HIDING IN GREENLAWN. l. |.
President of Roseville, N. j., In
stitution Tells Court Short
age Is S205,00O-State-
ment Due Tuesday.

a warrant was issued last night In
Newark for the arrest OF Raymond T.
Smith. treasurer Of the Roseville Trust
Company. in that city, which was closed
by the State Banking and Insurance
Commissioner With Smiths disappear
ance Thursday came the revelation that a
shortage Of more than 100000 existed.
The warrant charges him with embezzllng
SC 900 on October %, 1912 the complaint
being made by William T. Odell. presi-
dent Of the bank
Detectives Keough and Cordano left
Newark in an automobile with Odell last
night presumably 10 30 70 Greenlawn.
Long Island. where il was reported Smith
was hiding at the home OF a Mrs. Katen-
dahl Smiths arrest was expected mo-
mentarily late last night.
In making the complaint Odell was
doubtful as 10 the amount h. should
name He told Richard 3. Rooney. clerk
If the court. that there was no doubt The
shortage would exceed 10000. He said
the reason for asking the warrant was
TO arrest Smith before he left the coun-
try. As il was reported he planned 10 do.
\ committee Of three directors met last
night a committee OF deposltors and as
sured them that everything was being
done 10 conserve the interests Of every
one. The depositors' committee. however.
will 20 to Trenton on Monday 10 confer
with Banking Commissioner lie Monte TO
see II there is any way in which FUNDS
found i'm the bank. amounting 10 about
$4,000. can be released for the benefit
OF some of the smaller depOsitors who
are hard pressed for money.
An officer Of the company was Of opin-
ion that more than one person was IN
volyed I'm the lootlng Of the trust COM
pany His theory that the finding Oh
Smith might result IN disclosures invoiv-
Ing others was IN line with the feeling OF
some deposltors. who accused the bank
management Of laxty in its supervision
Of It's ar airs.
Detectives were said also 20 be invesu-
eating the characters Of other employees
Of the company one clerk IN particular
was mentioned This person. who was
getting a small salary. is reported 10 have
been living high and may be involved IN
the shortage. Meanwhile the six state
y
which. IL Is declared. will not be finished
until the middle Of this week. when OUT
standing checks and other papers viii
have reached the office
l.. T. Vredenburgh OF the State Bank
ing Department said that a tentative
statement Of the exact condition OF az
fairs AZ the bank would be made
OIL Tuesday. A notice posted yesterday
on the doors OF the company Office
stated that the officers would also de-
clare themselves then. The notice. which
was addressed TO the jepositors and
stockholders sail.
"Sinc, the first inu-ation which your
officers and directors obtained Of the
short which is reported in the ac-
counts Of the bank. an the books and
papers have Seen BOO the hands ~ the
Stat Department OF Banking and In
surance. As result your directors have
10 issue a statement. and will not be able
10 do so until FUN report is made by
the state examiners Immediately upon
the rendering OF such report meeting
OF the director Will Doe held and state
ment issued. which We have reason 70
believe will be reassuring. In the mean
time your officers are doius everything
possible 10 conserve the interests OF all
concerned"
The notice was signed hy William p
OdelI. president. and hy william Fairlie
and Harry W Foster yice-presidents.