Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-08-18
olice Assert Friend
off ugitiveRoseville
TrustOficial IsGiv-
ing Him Shelter.
STATE EXAMINER FINDS
NO CASH WAS TAKEN
Detectives Await Orders to
Search House Where Smith Is
Believed Secreted - Charge
Bank Did Illegal Business.

1ClCNC0 0SSi - -SC
Bank Did Illegal Business.
- The police believe that Raymond
e. Smith, missing secretary and
treasurer of the collapsed RoseVllle
Trust Company, is hiding in this city.
1t is asserted that man closely
identified with the bank is giving
Smith shelter in his home. The de-
tectives are almost positive OF TINS,
but despite the fact that they have
warrant for the vanished treasurer $
arrest, they are not quite ready 10
force an entrance into the suspected
dwelling.
A number of informants have sent
to police Headquarters reports that
they have seen Smith, or man an
swering to his description. one OIL
these tips came from Chicago
Lieutenant Keogh and a detective OF
the National Surety Company went
to the bank this afternoon with
picture of Smith and his full descrlp-
ton to verify both and to urge that
some reward should be offered.
This action was taken only as
precaution, since the detectives are
confident that Smith is hiding IN the
place they think they have traced
him to.
La Rue Vredenburgh, who as spe-
cial deputy commissioner Of bank
ing and insurance, is conducting the
examination at the trust company s
office. Roseville avenue and orange
street. said today that so far as ne
has been able to judge nobody eX-
cept Smith is criminally liable.
.sThe results of our examination,
he continued, "show, in my OPINION,
that the officers and directors are not
criminally responsible, unless, pos
sibly. through their negligence IN az
lowing Smith free hand win the
banks business. A..
This: The liability to the depositors
was largely in excess of that lapliiIy
ms shown on the general record, 30
Tar we have found no evidence or any
distractions"
Did Illegal Business.
Shorn of its technical language, MT.
0redenb,Jrgh's explanation is that the
trust company, through its treasurer
AID an Illegal business. He charges,
In effect, that it lent money in excess
of the legal amount, and because OF
that carried portion of It's business
.under it's hat" as the saying goes
1naf some VI TIE dtpCSihCfb
",rresponsible people, was the caustic
comment of George E. Mutchler, or
t05 Roseville avenue, who was secre-
tary of the depostors meeting last
Friday.
He made that remark when he
heard that another depositors meet
ing had been called for tonight in the
Savoy Theatre, Orange and warren
streets. -.
Fridays meeting" he said, was
called rather to assist the directors
than TO embarrass them, but the few
irresponsible people who are endeaV-
oring to call a meeting without the
sanction of the great majority are
probably the same people who caused
unpleasantness at Fridays meeting
1.-The committee of seven appointed
by the depositors will, however. meet
tonight" he continued. Their effort
will ba to assist the directors to
straighten out the ENHANCEMENT"
He refused to say where the COM
mittee was going to hold its meeting.
A Howard Watson. president of the
Liberty Trust Company, Central ave
nue. and North Fourth street, said to-
day that his bank would make ad-
vances on the bank books of the Rose
vile Trust company's depostors in
cases where the depositors were hard
pressed because Oh Ine ldiluIt,
Thomas Il Smith, the missing bank
officials father, left his home in
Berkeley Heights Park, Bloomfield. on
Saturday without saying good-by to
his neighbors 0r giving any intima-
tjon as to where he was going. The
house is closed today
Should 1t be necessary for the
grand jury to convene in order to
consider complainN against Smith it
g in,z ID
Martin is prepared 70 issue a call.
Receiver Named.
Wilfred c. Roszel was named by
Judge Rellstab as receiver in bank
ruptcy for the OaklanN Motor Sales
Company, owned by SRith, in East
Orange, on a petition filed in involun-
tary proceedings by creNtors OF the
concern, among whom ara the Stand
ard Oil Company and thN Goodyear
Tire and Rubber Company George
Furst local attorney, ltpresented
the creditors.
His first move, so Mr.. First said.
would be to join in the generN search
for Smith, and, once locating him,
have him ordered before Referee
Edwin G. Adams for an examination
as to his financial condition. Under
the bankruptcy law wide scope is
offered for the examination v q
bankrupt as to his acts, conductRnd
property.
The receiver may apply. it is SAD,
for an order to continue the business
of the sales company and of the L. \.
Wurth Company, of William streeN
which, 1t is understood, is also in!
volved through an interest owned by
Smith.
A letter enclosed in an envelope OF
tho trust company and addressed to
: Smith at his apartments, Central ave-
nue. and South Seventh street, was in
the mail today. The ietter-carrier, ir
view of the fact that Smiths where
abouts are not known, returned ii to
the postoffice to be sent back to the
hank There, no doubt, it will be
opened by the examiners.
Clue Proves False.
Despite the fact that officials oi
the National Surety Company of New
yor1. who were on the bond of Ray
mend Z. Smith. the missing secre-
tray-treasurer of the Roseville Trust
com3any. declared Saturday that
they could lay their hands on him nj
am time, be is stiil among the miss
sIl sorts of difficulties stand il
tl,r way Of tracing Smith. One oi
N. chief obstacles is the manner
- which his crstwhile friends stand
sCoilinvea On Rage :. Column ~