Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-08-16
R. E. SMITH
LOCATED BY
DETECTIVES
Sleuths Employed ~
Surety Co. KAow
Whereabouts of
Bank Officer.
HAVE NO AUTHORITY TO
MAKE ARREST AS YET
Hinted Missing Man Used
Greater Part of Shortage in
Speculation, as Well as for
Entertaining Women.

Entertaining Women.
From the New York office of the
National Surety Company, which was
on the bond of Raymond Z. Smith,
the missing treasurer of the Rose
Vile Trust Company, it was learned
today that the detectives empl )yed
by the company have Smith ,nder
surveillance. 1t was intimated +hst
Smith was not far from New York
city at the present time, but Turtles
than that nothing could be learneus
The detectives have been on Smiths
trail since his disappearance was re-
ported on Wednesday.
The opinion was also expressed that
while some of the funds which are
said to have been appropriated By
Smith for his own use may nave
been spent in entertaining women, for
which he is said to have had weak
ness. by far the greater part wa
used In speculation.
In an interview over the telephone
with Hubert j. Hewitt, secretary OF
the National Surety Company, he ex-
pressed the belief that Smith was
either in Newark proper or within
short distance of the city.
I'VE have q good line on Smith and
are ready to bring him to justice.
provided we are sure that he Is at
fault" he said, "Of course, we are
only interested to the extent of pro-
tecting ourselves and nothing more
Mr.. Hewitt talked freely with tho
reporter and advised him to have q
talk with f. o. Reilly, of their claim
department, who in conjunction with
A Driscoll, of the same department..
and AZ. M. Brigsall. chief investiga-
tor, who has been trailing Smith ever
since his mysterious disappearance
last Wednesday and, who, 1t Is
claimed, is in a position to produce
the missing treasurer at any time
the corporation wants him.
We have been working on several
clews and now are in a position to
arrest Smith any minute that we
want him. Our Mr.. Brigsall has the
situation in his immediate possession.
and l think could arrest Smith In q
comparatively short while--a matter
of few hours. smith, has never
| been to Asbury Park nor Atlantic
CITY sinceA the bank olosed. The
statements that he was seen in CONT
panv with woman In Atlantic city
Wednesday night can't be true. as
we know eaxctly where he was on
that evening"
Depositors May Not Lose.
1t was said, on pretty good au-
thority, today that the depositors
would not lose much, If anything.
Some of the weather. of the directors,
1t lis asserted, stand ready to make up
whatever deficiency there may be.
There was also a well-defined rumor
current to the effect that Smith had
rendered his resignation three months
ago, but that the directors refused ia
accept 1t at the time
President Odell was asked by re-
porter for the Evening Star this after
noon If 1t was true that Mr.. Smith
had rendered his resignation at that
time, and said:
Positively he never rendered his
resignation to my knowledge"
In reply to question as to whether,
If such a resignation had been pres
sented to the board of directors,
would it have come to his knowledge,
he replied
"It most assuredly would have. l at-
tended all meetings of the board un-
less / was out of town or was kept
away on account of illness, but even
if his resignation had been presented
to the board and / was not present
at the meeting such matter would
have been called to my attention
Constable Peter Kearney, of the
sheriff's office, made a levy upon
Smiths household goods In his
bachelor apartments at Central ave.
nue. and Seventh street today.
In the apartment was found several
dozen bottles of champagne and a gold
watch, in the case of which was a
woman's picture. 1t is not known
whether the picture is that of his wife
or Z one of his numerous acquaint-
am g. There were also in the apart-
ment several jewelry settings from
which the stones had been extracted.
The place had been pretty thoroughly
cleaned out, however.
No Power to Arrest.
The detectives in the employ of the
bonding company have no power to
apprehend Smith unless requested to
do so by the banks directors. They
are said, therefore, to be waiting the
result of the examination of the
books by the examiners from the
State banking department.
LaRue Vredenburgh, chief of the
examiners, said today that the inves-
tigation had progressed only a short
way and that there was really noth-
ing definite to be given out about it.
The examiners had been occupied for
the most part, he said in working
upon the checks in transit and would
have been finished sooner If 1t had
not Deen TOT the frequent lnIerrup>
tions on the part of depositors who
kept continually calling the bank on
the telephone to find out how things
stood.
Just as soon as 1t was possible to
give out a definite statement on the
results of the examination he would
do so he said. as he knew 1t would
satisfy the demand of the depositors
and others and throw some light on
the matter.
A large part of the shortage. II
was learned from another source, was
due to loans on insufficient security,
and for which the directors may be
held to be accountable.
William P. Odell, the president,
when seen today, said that he had
nothing to say, and intimated that
the directors were absolutely at sea
in the matter until the results of the
examination are made knowf.. Mr..
Odell expressed confidence that the
detectives of the National Surety
Company had Smith under surveil-
lance and could locate him in case he
were wanted.
A number of the depositors who met
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