The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1918-02-02
Boy Banker Files Bond
And Pleads Not Guilty
To D. S. Court Charge
First Appearance Here Since
November When Financial
TangIo in Bank and Stock
Company Followed 0Isap-
pearanCe,


Alya Y Smith, former president Of
the Western National bank and Of the
First Mortgage Cattle Loan company
here, reappeared In Oklahoma City I'M.
oxpectedly this morning prepared Ia
defend himself against the charges filed
against him when he mys,efiouily dis.
appeared late last November.
He went to the offices Of United
States Commissioner Ernest
Chambers 10 answer 10 Q charge
OF "fraudulsntly and feloaiously
misapplying money, funds, sad
credits Of the bank" waived his pre-
liminary hearing and vas fslsassd
under 10000 bond to await trial
In the United States district court.
He pleaded not guilty to the charge
against him.
The temperance oi the boy banker
as he was widely known was Astarflins
climax to tangled financial deals thai
resulted in suits against Smith and the
filing OF involuntary bankruptcy pro.
ceedings against the First Mortgage
Cattle Loan company.
Leaves City Hurrisdly.
Smith left Oklahoma City with his
wife aud child late in November, tho
news Of his disappearance becoming
public when Sheriff G. L. Johnston
tried TO serve wrlts Of gsrnishse on
him. ~
A shor, time after Smiths disap-
pearanee the bankruptcy procsedings
against the mortgage cattle loan COM
pany were filed and In the petition IL
was alleged that funds OF the COM
pany had been transferred by Smith 10
himself with intent to defraud the
stockholders Of the company"
Sold Western National Bank.
A short time before this the Western
National bank was sold to the Amer
lean National bank at figure said to
represent a loss to the Western Ma
tional. 1t became known after the
sale OF the bank that Federal Bank In
specior T'ilson OF Guthrie had been
called in to report on the bank.
Small suits were filed against Smith
at the time OF his disappearance, ,aris-
ing Out Of transactions OF the COM
plalnanls with the First Mortgage Cat
tie Loan company. A. c, Enochs filed
a suit for Sl,sS4 on a note\ he signed
to the cattle loan company, secured
by lS4 head Of cattle. He says he ap-
piled the 81 ,5S4 to the hote but no credit
was given. He accused Smith OF
iradulently misappropriating the money.
r NJ Johnson Of Norman alleged In
a suit in the district court that he
bought a note from Smith for $3.50
secured by mortgage on 48j head OF
cattle The note was signed by Charles
Eon Johnson alleged the note was
irsdulently obtained
Loses Keys Presidency.
The {. M. Keys commission company
Of which Smith was president deposed
him The stockholders Of the First
Mortgage Cattle Loan company held .
meeting after their president disappear
ed and elected o. +. Jones as his sue
ce,sor. The search for Smith was
hriei for few traces Of him were found
Some friends insisted that he would
return to the city, He was seen in
Fort Worth, Texas, but after that all
trace OF him was lost
Spectacular Career.
hlva T.. Smiths banking career in
Oklahoma has been spectacular in ev-
cry way. He started in business as q
bank clerk fifteen years ago, when he
was IS years old. He made SIS
month in the First National bank at
Valley View, Texas
He vowed he would have $1,000 be-
fore he was q years old He had il.
He had more.
But in the meantime, at 10 years, he
went to the bank OF his uncle, ], M,
in Loco, Okla, the same
uncle who is now anxious to locate
him Ilc was cashier and was called
he youngest in the world. All south
.rn Oklahoma swore by him The uncle
ook him into partnership.
Alya went into cattle and made good
lgain
Eight years ago he came to Okla
roma City and became identified for
imc with the American National bank,
he same one which took over the West
nm National bank.
Early last summer he again appeared
n the financial game in Oklahoma City
When ne startled the older men in the
anne by buying the interests Of M. l..
turner, in the, Western National bank
nd installing himself as president He
'ecame president himself Of the G. n.
Keys Commission anpany, president N 1
ht First Mortgage Cattle Loan CO... |.
,ahy and controlled the Crystal yl1
Refining company. !;
He had ranches in Huuheh g.
and Blaine county q ~
thousands Of the 4whip.l ~ I
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