Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-08-18
SAY MISSING BANKER
IS HIDING IN NEWARK
Continued from First PageD

by him. Some of the depositors who
have investigated on their own ac-
count say that Smiths friends will
not give much information about him
and what they do give is of no ac-
count. II Is now said that Smith left
Newark in his own automobile, and
If the number of this were known 1t
would help to trace him, at least
in his earliest flight. One of the de-
positors, a merchant with a store
on Orange street. tried to get in
touch with Patrick Treacy, Smiths
chauffeur, Saturday night.
1t was said at the Central Garage
where Smiths chauffeur, Patrick
Treacy, was formerly employed, that
he also left town Saturday afternoon
He is the man who drove the car in
which Smith Travelled from the Rose
Vile Trust Company premises to
Smiths apartments at Central avenue
and Seventh street and from there TO
the garage of Smiths agency, the
Oakland Motor Sales Agency, at 81
Central avenue. Wednesday morning
1t was said at that garage that Smith
dismissed Treacy and left In the Oak
land seven-seated touring car alone.
Manager Briggs said he did not know
the number of the automobile. Treacy,
who might have given the number to
the police. is no longer in the city
Out of a job through the closing of
the Oakland garage, Treacy is said
to have gone elsewhere in search of
employment.
Depositors Blame Directors.
Even before the failure of the New
ark police to get Smith the deposit
tors complained of the delay in TAX
ing steps to apprehend Smith. They
put the loss of time up to the direc-
tors and officers of the bank. Presi-
dent William p. Odell and Vice
President William Fairlie said the de-
lay was caused by the bank exam
iners, who had not, up to Friday
night, declared that there is any evil
dence of anything criminal on the
part of the missing secretary and
treasurer. President Odell applied
Saturday for the warrant on which
Smith is being sought.
That Smith dipped into the deposits
in his manipulations of the funds of
the RoseVille Trust Company is now
alleged. Deputy Examiner Vreden-
burgh admitted that the bank held
notes to the amount of $1,000, sum
so far in excess of what the bank
ought to have held that the disap
prevail of the State department was
a matter of course. There were $780,
900 worth of notes which Smith never
listed and IL was the discovery of
these that led to the first estimate
of the shortage being altered. There
is still chance that the shortage
will shrink still further, should some
of the doubtful securities prove
realizabe.
Saves His $4,000.
CT nf
German who was a depositor in the
Roseville Trust Company, but drew
out his entire deposits of SO, 900 before
the crash came, has just come to
light. The man went to the bank one
day within a week of the closing of
the institution to make a deposit of
$4,000 which he had received from
the sale of a piece of property. He
already had $4,000 in the bank and
added the sum he had to make up
$4,000. AS he was leaving the bank he
saw three autos standing in front
of the door.
who owns that auto?" he asked,
pointing in turn to each of the ma
chimes. His informant told him in
each case that Treasurer Smith was
the owner. The depositor said moth
ing then, but told his wife when he
got home that he guessed he would
not leave his money on deposit in
that bank, because Smith owned too
many automobiles. The next day
the depositor turned up at the bank
and asked for his money.
Withdraws Deposits.
Employees interviewed him and en-
deavored to persuade him. so the
story goes. not to withdraw his de-
posts. He was insistent. II will
take $4,000 now" ne said. land to-
morrow l call for the other $4,000
and expect to get 1t. He did call
next day and received his balance of
$4,000. He is not a sufferer by the
closing of the bank.
Clifford MacEvoy, chairman of the
committee of depositors which is look
ing after the interests of the de-
positors, who organized last Friday,
said last night that he and his assoc
ciates are very much interested In
locating Smith. THE first efforts of
the committee were to find out
whether the directors were criminally
negligent or If Smith walked up to
the vault and took the money We
came to the conclusion that Smith did
not do that. You can gather from
that what we think about the di-
rectors' responsibility. I am not in
terested in the criminal phase of the
case.
None of the directors had proper
sense of their responsibility, nor
threw around themselves proper
safeguards for the depositors' money.
We can show this and are certain
that the depositors will not lose any
thing. We are convinced that Smith
will not return of his own Accord