Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-10-09
SMITH ARRESTED AT
RAILROAD STATION
Continued from First P"seo

told that they wished TO relinqulsh
the bond and surrender Smith, De-
Electives Alfred j. Horgan and James
f. Mason were sent to arrest him
| It is believed that Smith In some
way learned of the action OF his
bondsmen. Ray E. Mayham, one OF
the examiners, sent word that ne
wanted to see Smith.
But I don't want to see Mayham'
was Smiths retort, as he headed Tor
the railroad station.
Augustus Randolph Jennings, the
former teller of the bank, was also
surrendered by his bondsman, Mortl-
NOR A. Johnson, of III Orchard street,
who succeeded Lysander Wright, 1r.,
of 113 Mechanic street, when the lat
ter withdrew his bond. Jennings was
already in jail after having been ar
rested twice within a few hours. HIS
bail on two charges is s17.500
Michael Kane, ir.. and Henry b.
Tower, justice of the peace, repre-
senting the Depositors' Protective As
ISOLATION, which provided Smiths
second bond, also wanted to go on
Jenningss bond.
I'VE want to arrange bail for Jen-
nings," said Mr. Kane to Chief Wei
mer. of the prosecutors detectives,
land are willing to do so on condition
the affairs in the bank"
Chief Weimer referred them to the
prosecutor.
Systematic Looting.
No bank was ever looted more sys-
tematically and thoroughly than the
Roseville Trust Company. 1t was
learned today on good authority that
practically every feasible method Of
systematic bank robbery was used.
Some of the schemes were elaborate
and highly dangerous and, 1T is said,
required the aid of men outside the
bank. Others were absurdly simple
and so daring that their very rash
ness was a certain safeguard.
Cash was stolen in lump sums at
intervals extending for more than
q year before the crash. Money was
withdrawn on forged checks. Thou
sands of dollars in deposits were
taken through the receiving wicket
and never entered in the banks ledg-
ers at all.
An amount running into the hun
dreds of thousands was loaned on
worthless notes. Securities left with
the bank were used Ill all kinds of
jugglery. Through these inanIpula-
tions and others of a more technical
character there Is q total shortage
of at least s65S,000.
The system used for covering up
the thefts was necessarily eompli-
cated-so much so that the bank ex-
aminers, who have been at work for
two months, will require at least
four or five weeks more to untangle
It,
Other big defalcations, like the
Beavers case at High Bridge, were
1t v-A1 rxy1t IA
wrecking of the Roseville Trust Com
pany.
Jennings Again Arrested.
The arrests in the bank case came
in rapid-f1re order. There were three
arrests yesterday and Jennings was
rearrested while in custody early this
morning. Altogether he has been ar
rested four separate times.
jennings was made prisoner at 7
o'clock last night by County Detec-
rant sworn out before Justice Of the
Peace Matthew Treacey by Examiner
Mayham. The complaint alleges that
on June IA, 1912, Jennings did take
and carry away $4,000 of the banks
funds" That date fixes the begin
ming of irregularities In the looted
trust company back for more than
year before the crash came. 20
Smith was rearrested on charge
of forgery. After he had spent nine
hours at the Court House he was pro-
vided with bondsmen by Mr.. McDer-
NIT, as counsel for the Depostitors'
Protective Association. Smith was
finally released shortly before IL
o'clock last night, after Isaac Sheen
thai, of Orange, and George P. I'm
derwood. of West Orange, qualified as
temporary bondsmen.
G. Roland Munroe, one of the di-
rectors, demanded an apology and re-
traction from Edward D. Dunn, who
had asserted that he felt some one
ought to be held accountable for SELL
ing him stock in the bank at time
when 1t was in a shaky condition.
Ten shares Of stock had been sold to
Mr.. Dunn by Mr.. Munroe.
81 do not feel / have any apology
to make" said Mr.. Dunn today" as
letter from Mr.. Munroe dated No
vember %, 1911, stated that the par
ticular ten shares of stock I bought
did not belong to him. The check
for the stock was not made out to
Mr.. Munroe nor was 1t Endorsed to his
credit The amount was not 81, 1855"
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