Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-10-04
TELLER IS
ARRESTEDIN
BANK CASE
Augutus R. Jennings
aiken Into Custody
at Ohce--Released
on Bail.
CHARGED WITH LARCENY OF
S7OO OF TRUST CO.'S FUNDS
Am ! the Only One You Have
a Warrant For?" Significant
Question of Banker Before
He Is Taken TO Jail.


Question of Banker Before
He Is Taken TO Jail.
Augustus Randolph jennings Of q
| Hilton street. East Orange. former
! receiving teller of the wrecked Rose
vile Trust Company. was placed nn-
! der arrest at 6.30 o'clock last night
on warrant charging him with the
larceny of 500 Of the banks funds.
/ He was released TO $4,000 bail to
await the action of the grand jury.
The complaint was sworn out be-
fore Justice Of the Peace Mathew J.
Treacey Iate yesterday afternoon and
was given to County Detectives Al
fred J. Hargan and James T. Mason
/ for service Jennings was found at
( the office of the Kelly-Ackerson
Building Company. by whom he IS
now employed in East Orange. by
Mason and Hargan and placed under
arrest by Mason.
After he had read the warrant
charging him with larceny. Jennings
/ turned to the officers with this sig
nifieant question. Am I the only
one you have got a warrant for
Informed by the officers that they
duty was only to arrest him. Jennings
made no further comment, but start
/ ed at once for the county Jail with
Mason and Hargan.
The arrest of Jennings was fore
4 casted in the Evening Star weeks ago
! when it was stated on good authority
/ that he was discharged from the em-
I ploy of the bank owing 10 a shortage
/ and not on account of his having been
too intimate with another employees
of the banking institution.
In Jail Overnight.
He reached the jail about : o'clock
and made no effort to get bail last
night, but today bright and early
Rudd G. Novel; of "A Watson ave-
nue.. and Lysander Wright, jr.. of 107
Mechanic street, appeared at the
prosecutors office. and after finding
out that bail had been fixed at Sc. 500.
at once proceeded to sign the papers
that would free Jennings 10 await the
action of the grand Jury.
] Jennings was sent for at the Jail
+ and reached the Court House a. few
minutes after 10 O'clock The bail
bond was ready and as soon as Jan-
| nings had affixed his name to the
document he left the Court House
with his bondsmen. having waived
/
In the few minutes Jennings was in
the Court House he was absolutely
uncommunicative. stating only thar
he had nothing to say at this time.
The warrant for Jennings's arrest
was sworn out late yesterday by Raw
| r. Mayham, an examiner in the State
department of banking, who has been
I at work on the books of the trust
company since the failure of the
| bank. The complaint reads as fol-
lows; That on March Is. 1872 Cath
crime Powers did deposit in the Rose
Vile Trust Company through A. r.
! Jennings. a teller, money to the
sum of $500. with which sum he did
credit her in her pass book and that
the said A. r. Jennings on the eigll-
teenth day of March, 1912, did cause
to be credited to the said Catherine
Powers on the books of the Roseville
Trust Company with the sum of 800
only, and unlawfully did steal. take
and carry away s70o of the said de-
posi-"
May BE Other Cases.
From other sources it was learned
that the case of Catherine Powers,
who lives in East Orange, was only
one of many that exists in the bank.
the theft of the 500 from her account
being used specifically for the pur-
pose of causing the arrest of Jen-
nings.
Neither Mr.. Hood nor any of the
other county officials connected with
the investigation and arrest of Jen-
nings would even intimate at this
time whether other arrests were ex~
pected TO follow or not.
Prosecutor Hood had a twentv-
minute conference with Chief Jus
tice William S. Gummere on matters
connected with the criminal aspect
of the Roseville Trust company at
fairs. Mr.. Hood refused TO discuss
what had taken place behind the
closed doors Of the chief justice >
chambers. but would not deny that
Ii had to do with the affairs of the
wrecked bank.
Depositors to Meet.
The Depositors' Protective Associa-
ton will hold a meeting In Ward 8
Hall. Seventh and orange streets.
next week to decide upon the advtsa :
bility of taking immediate action
against the directors Of the trust
Frank NJ. McDermit, who has
agreed to serve as counsel for the
association without any fee. said to-
day that the law was very plain
IF the directors of any trust COM
pany allow their bank to be run in
a careless manner and allow foolish
loans. they are liable civily," he as
serted IF they have had a cashier
in the bank whom they were warned
by the banking department not to re-
tain in their employ and despite that
have continued to employ him, they
are guilty of gross negligence.
In a Perth Amboy case about ten
vears ago the court said that the
directors We're responsible for the
misappropriation Of the funds by tho
cashier. Just as if they had used the
money themselves. although no direct
criminal liability could be attached 60
them"
The names Of some of the llrgest
borrowers from the defunct trust
: | com many hpcarne known TODAY.