Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-09-15
DIRECTORS
COUNSEL TO
SMITHS AID
Odell, Fairlie, Mac
Evoy. Dunn and
Lum on EXT reas-
urer S Bond.
ACCUSED OFFICIAL RIDES
TO BANK IN HIS AUTO
Lawyer Declares That Trust
Company Heads and Smith
Will Work Together to
Straighten Out TangIe.


Straighten Out TangIe.
That Raymond E Smith. the self
surrendered wrecker of the RosevilIe
Trust Company, and the directors
will stand together in an effort to
straighten out the tangled affairs
of the institution became evident to-
day.
Ralph E. Lum is counsel both for
Smith and for the directorate.
He said. IN behalf Of the directors.
that they were glad smith had been
I courageous enough to give himself
up and offer to aid them.
And. in behalf of Smith, be said
that the returned treasurer would
I do all in his power to aid the direc-
! tors.
! Furthermore. when Smiths perma-
nent bail was arranged this NORM
ing at the Court House, the men who
went his bond were William p
Odel. president Of the looted bank.
/ William Fsairlie. vice. president; Cliff
1 ford r. AracEvoy a depositor who
has played q conspicuous part in aid
ing the directors in their proposed re-
organization; Edward d. Dunn.
director and prime mover in the re-
organization scheme, and. finally,
Ralph e. Lum, counsel for them all.
More amazing still, President OdelI.
who is among Smiths bondsmen,
made one of the complaints upon
which Smith was arrested. He
charged Smith with having embez-
zled $4,000 of the banks funds. It is
on that charge, together with an
other made by the banking deparf-
ment. that Smith is now held.
Rides 10 Bank I'm Auto.
Smith motored to the bank Orange
street and Rosevilfe avenue, this
morning with the aplomb and cool-
ne of bank official rather thar
an alleged defaulter and bank
wrecker.
He had surrendered Saturday night
at Railway. All the time he was be-
ing sought he had been in South Jer-
sey, at Atlantic City and near Lake
wood. or staying with friends at
other piaces
He remained at the bank for half a..
hour in conference with Eugene 6,
Lum and L. r. Vredenburgh deputy
| State commissioners of banking and
/ insurance.
| When he left to go TO the Court
/ House an Evening Star reporter rods
in the automobile with him and ques-
] toned him about his plans Despite
his reticence and the evident strains
under which he was laboring. Smith.
was as courteous and collected as il
he were going to a pleasant dinner'
engagement.
Questioned About bankruptcy.
What viii you do in regard to fha
bankruptcy proceedings against you -.
| he was asked
"Mr. Lum will attend to that Wa
will take 1t up in a few days"
1t is understood that he will figh1
7 "a ha aFfIan He h1 111tiE
next Monday to file demurrer.
Are there bad notes in the bank2'
was the next query.
~ don't think there is so very mucn
bad paper
ANY paper of the directorsgr
There was no director in particulars
I who was a very big borrower.
What will the shortage be-?
There is no shortage-you use the
wrong word.
What would you call it?r he was
asked
''Oh, ] don't know just what is thN
right word to use he parried easily-i
"Have You been in communication
with any of the directors since yout
disappeared"
I Il have not
''Was anyone else beside yourself
/ at fault for the looting OF the bank2''
"Ill have to refer you to Mr.. Lunss
about that"
Mr.. Lum is also the counsel of thes
directors.
How can Mr.. Lum serve both yox'
and the directors" Smith was asked.
Il know that he will be fair to me.
| ! shall have more TO say about it in
day or two"
Question Attorney.
| When Mr.. Lum was asked how 10
was he could be counsel for both the
| directors and Smith he replied:
| ''Those two positions do not in any
way interfere with each other. Smith
| is here to help the directors out.
"Were you retained because the son
/ of William Fairlie is employed ia
your Officer
''Oh, ! don't know"
Prosecutor Louis Hood refused to
| discuss the Roseille Trust Company
situation at all today except to make
one rather significant remark in re-
ply to question.
The question was. "will Smith be
| brought to the Court House today.
aNOt to my knowledge wss tho
reply. 81 believe smith will be Of more
advantage and use at the bank than
TO right now"
The rather peculiar accent placed
on the last two words right now
caused the reporter TO ask for fur
\ tier information, but all he could
get was the characteristic Hood smile
and the statement: "I do not ex-
pect to sea Smith today.
The statement of Mr.. Hood was
made before it was known that
Smith was coming TO the Court
House for the purpose of having =
new bail bond arranged While
smith was at the Court House. Mr..
Hood was in his private office and
did not come near the court rooul.
nor did Mr.. Lum or any of the party
with Smith visit the prosecutor. Az
\ ter the bond had been signed show
ing qualifications for over Sl00. 1000,
Mr.. Hood expressed satisfaction with
the bond but made no further conn
ment.
Go on smiths Bond
Just after 10 O'Clock this morning
Messrs. Dunn. MacEvoy, Fairiee and
Odell appeared at the Court
| House and announced to Clerk Thom-
as McLefland that they were to quail
| ify on Smiths bond for $4,000. the
bond to replace the one signed BY
Mr.. Lum Saturday night,
Mr. McLelland informed them that
Smith would have to be present when
| the bond was signed. and there Wa =
Scsntinued ON fage :. coiapa 2, 4