Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-09-01
WILL 1
QUESTION WOMAN
IN BANK AFT AIR
Officials Learn She Has Been
Communicating With Miss
ing Cashier.
HE is STILL GIVING HER
PRESENTS, THEY DECLARE
Directors Subscribe for Largs
Amounts of Stock TO Re-
habiiitate the Institution.

Amounts of Stock TO Re-
habiiitate the Institution.
It was learned from. an official
Office will be notified and asked to
make an investigation and re-dues-
ton a woman whom runor has con-
nected with the name of Raymond
z. Smith. the missing secretary
treasurer of the defunct RosevilIe
/ Trust Company. It was further said
that the woman has been in COM
munication with Smith ever since he
so mysteriously disappeared. and
that she had received costly presents
in the shape of expensive jewelry,
diamonds and clothes. and which, il
proven TO be presents from Smith,
viii be seized by the State banking
officials in charge of the defunct in
stitution.
1t is also understood that the de
rectors have come forward with mors
contributions toward the rehabilita-
ton of the bank and that one of the
large losers. Clifford MacEvoy. has
come forward with an offer TO take
$4,000 of the stock Of the new COM
pany, if il is formed. Among the
directors that has pledged additional
amounts are: Frederick Kilgus. add
ed 50 600 to the 5000 he had pre-
viously promised President William
P. Odell, $4,000 additional; Edward
e. Dunn. another $4,000; Harvey Mott
added Sc, 600: John S. Bell gave $1,000
more. and Charles c. Zurich doubled
his offer of $500. William c. Foster
raised his subscription from $1,000 to
$4,000 Dr. Keim also added an addi-
tional $1,000 to his original subscrip-
tion. while Elmer E. Sexton gave $500
more.
Saturdays meeting of the directors
brought forth hope for the reopening
! of the bank.
Subscriptions start.
The result OF the meeting was less
than what Director Dunn had ex-
pected to be subscribed last Friday
J Thus far his forecasts of what was to
Z be expected from the directors of tina
present company has not been met
by results. His anticipations were
! that the directors would subscribe
| $4,000. In fact. they pledged op}sS
$4,000. SO that $4,000 would have 10
be added to the sum in order TO carry
the plan TO the point where outside
aid is to be asked.
Mr. Dunn and Mr.. MaeEvoy. who
4 himself subscribed $1,000, believe that
$4,000 more will be forthcoming from
directors, either present or past, the
latter having served at the time when
/ Smith was absolved from resigning in
response to the demand CT the Stats
Department Of Banking. The pros-
! poets of the floating of the new COM
pany depend on the showing made
bv The directors. Depositors. while
they feel that a better spirit is being
shown by the directors. also realizs
that the situation is one that requires
! extraordinary effort on the part of
directors.
Some Not Heard From.
There are other directors who have
not been heard from. II is said OF
some of them that they cannot afford
TO subscribe. Passing over these
directors, the depositors are looking
to some of the former directors for
subscriptions. James B. Banister.
who has given s., 500 to the fund to
insure depositors is expected to SUBJ
scribe more toward the new stock
William j. Banister, who was. but is
not now. a director, is also expected
to subscribe for some of the stock
Former Directors Woodward, Nc
Cord and Ingersoll are others looked
to for subscriptions.
That the rehabilitation of the Rose
/ vile Bank is the one thing that viii
operate to clear directors of respon-
sibility for the shortage at the Rose
VILE Trust Company is the general
belief Unless every depositor is paid
in full the money which each put in
the bank for safe keeping a Grand
Jury inquiry is inevitable, it is said
on good authority. The bank ex-
aminers are determined to seek !t
and the whole question of the bank ;
operation since Smith was first called
to account for acts that occurred
within three months of the bank >
opening for business in 1908 will be
probed.
Commissioner George NJ. La Monte
asserts that he will look after the de-
positors' interests above all other
things. With the depositors repaid
and insured against loss the most
serious aspect of the banks difficul-
ties will be mitigated.
Another meeting of directors is to
be held tomorrow afternoon. At this
meeting it is hoped that the former
directors who are not now on the
board will appear More subscrip-
tions are also expected to be made az
that meeting.
Fight for Control.
That there viii be fight by the
directors to get control of the Smith
holdings, which, ii is alleged, Were
bought with money of the bank and
possibly OF the depositors, is now es:-
tain. Already there are charges and
countercharges of the use of cars
from the Oaklands Sales Company's
garage at 80 Central avenue. Man
ager c. r. Briggs says he used one
car for garage business. He has taken
an affidavit that Trustee Roszel took
out new 1918 Oaklands car last
Tuesday and made personal use of ~
No explanation has ever been made
by the National Surety Company 8
investigation department of the state
ment made a few days after Smith ;
disa appearance. that it had him COW
cred and could produce him when
wanted. Many of the depositors are
known to hold the theory that the
pursuit of Smith has been called on
and that he will never be appre-
hended.
The depositors' meeting which was
to have been called for Wednesday
evening will be held later on the call
inf Precidanf MarEVDv nf tHr Dr-