The times. [volume] (Richmond, Va.) 1890-1903, 1902-01-04
THE DIRECT TORS
MAY BE SUED
Talk 0. Bringing Action
Against Them in Court.
DEPOSIT TO.R.s MEET.
Mr. Alex. Il. Meyer TO Resign as
One of Receivers.
MAJOR EVANS MAY SUCCEED HIM
He VIII Be Recommended to the Court BY
Those VI ho Particlr rated in the Meet
Ing Tha. Was Held Las. Night.
There is Talk OF criml-
nal Action Being
Brought.
=
#Mr. Alex. Il. Meyer TO Resign as
One of Receivers.
MAJOR EVANS MAY SUCCEED HIM

It is possible that criminal action may
be taken against some one or more officers
of the Prudential Banking and Trus-
Company, which went into the hands of
receivers several months ago.
There was largely-attended meeting OF
the depositors of the company held last
night at Murphy's Hotel to consider the
present condition Of the affairs of the
concern. The room was filed. and among
those present were some Of the best
known business men in Richmond.
Mr.. Alex. H. Meyer, one of the receiv-
ers Of the company was present. and
made report full of interest to all
present
MAY BE PROSECUTED.
Mr. E. NJ. 5Eppes offered tho following
resolution, which was ananimousiy
adopted:
Resolved. That the depositers' commit
tee is directed to inspect the books of the
company with the view of ascertatning
whether or not any of the officers of tina
company have committed any criminal
offense, and to this end consult with the
Commemorative Attorney of the city OF.
Richmond, and If he think proper, to
have the attention Of the grand jury
called TO such criminal acts, il any thero
be.
Second, That said committee be en-.
powered to consult with counsel with a.
view Of ascertaining whether or not the.
directors of the Prudential Banking and
Trust Company are personally reeponsi-
shie7 to oSsheadepositors..for anyI-eg the acts.
OF the. officers of the said company In
nlismanaging the affairs of said conf
pany, or for cancelltng the, Indebtedness
OF T. AZ Weller, in the matter of pur-
chasing certain stock of said company,
and if SO to employ counsel to bring nee
essary suits to hold said directors per-
sonally responsible.
Mr.. Meyer explained to the depositors
that he would soon remove from the city.
and would. for that reason. tender his
resignation as receiver to Judge Minor
this morning. The depositors adopted a
resolution petitioning the court to ap-,
point Major w NJ. Evans as receiver in
the place of Mr.. Meyer.
PRAISE OF MIR. MEYER.
On motion of Mr.. Ramos the following
resolution was unanimously adopted:
Resolved. That the thanks of this meet
ing be extended to. Mr.. Alex. Fl. Meyer
for the interest he has shown in our be-
half and for the untiring energy mani
tested by him in the interest of all of the
depositors of the Prudential Banking and
Trust Company while receiver thereof
and we regret the fact that he will soon
leave the city, and wish for him happi-
ness and prosperity in his future home.
The Observation-Disclosures referred to
are AIessrs. w. s. Copeland. F. NJ Eppes.
Manly B.. Ramos and E. NJ Wingfeld
The directors of the company. who may
be sued un6er the resolution adopted. arc
Messrs. W. J. Whitehurst ". J.. Parrish.
T. "A. Weller, Ar. Tatum and j. v Bid
good. Mr. Weller was the president OF
the company; Mr.. A. R. Tatum. vice -presi-
dent and Mr.. George E. Styll secretary
and treasurer.