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ACCUSED CASHIER SUED FOR $300,000 Richmond Man Named Joint Defendant in Action by West Virginia. By the Associated Press. RICHMOND. Va., September 10.The State of West Virginia, seeking to recover for 2,500 depositors the fortune which J. R. Russell is accused of embezzling from a Charles Town, W. Va., bank, yesterday instituted suit here for "at least $300,000" against the assistant bank cashier and E. T. Snead of Richmond. Russell, an executive officer and assistant cashier of the Farmers' Bank & Tust Co. of Charles Town, is under arrest in West Virginia on a Federal warrant charging him with embezzlement, bail having been set at $100,000. Banks Also Named. George Ward, West Virginia banking commissioner and co-plaintiff with the bank in the action brought here, charged in papers in the suit that Russell withdrew the money and "delivered the same" to Snead here. The two men were named as principal defendants. and two Richmond banksthe First and Merchants' National and the Central National-were made COdefendants. Snead was not identified in the bill of complaint filed in Law and Equity Court. Ward said at Charleston yesterday that his department had a check showing transfer of funds from Russell to Snead, and also a letter which brought Snead into the investigation. Holds Defendant's Cash. Under an attachment issued from the clerk's office of the court, the Central National Bank reported it was holding $3,092.80 belonging to Snead subject to court order. "Upon investigation." the bill of complaint said, "it has been ascertained that for a considerable period prior to the taking over of said bank by the commissioner of banking (on September 1), the said principal defendant, J. R. Russell, sometimes known as J.J. Fergusson, had been withdrawing from assets of said bank large amounts of money ond credits, which said money and credits were so withdrawn and used by the said principal detendant with the knowledge of and in conjunction with E. T. Snead, one of the principal defendants, which money and credits so withdrawn were used by the said J. R. Russell and 1 Snead for their own use." The document charged that "the : actions" of the two men was "pursuant 1 to a conspiracy and understanding" between them. ( It set forth that the money and 1 credits so handled totaled "at least ( $300,000," but that the "exact amount of money and credits so withdrawn is unknown."