The Washington times., 1902-07-03
Receivers Ask Accounting
of President RoOme
and Others.
VOLUMIN0US PETITION FILED
Receivers Aliege That Bank Capital
Was Mainly Paper and Go Into De-
tails of Many Transactions--Ask for
Restraining Order.

The receivers of the American Saw
ings Bank, Messrs. Charles F. Carusi,
Alexander Wolf, and Tracy l.. Jeffords,
yesterday began suit against Mr.. Will
liam Oscar Roome, president of the
bank, and twelve others. asking for an
accounting, and also asked for an or
der restraining them from in any way
disposing OF certain assets which, it is
claimed. properly belong to the bank.
The others named as defendants are
Nicholas T Haller, at whose instance
the receivers for the bank were ap-
pointed: Charles W Power, lately
cashier; Edgar b. Stocking, William NJ.
Harris, jr, William Is. Matthews.
Leverett F. Englesby, Charles n. Wake.
and George p. Robinson. directors OF the
American Savings Bank.
Capital Stock on Paper.
It is stated that the entire capital
stock of the bank when it commenced
operations was 500, I'D that the re-
mainder of the $4,000 supposedly paid
in il cash consisted of certain promis-
sorry notes made by Nir. Roome and
others. These notes, it is stated, were
demand notes of Mr.. Roome for S27, 900;
Nicholas T. Haller, $4,000; John G.
Myers. 10000; Charles w. Power. 5000;
William NJ. Harris, jr, $3.50. and ether
notes aggregating in all si9.72o.
Wanted Receivers Discharged.
Some weeks ago. it will remembered.
Mr.. Roome, as president of the bank,
fled petition in the equity branch OF
the Supreme Court of the District ask
ing that the receivers be discharged on
the ground that in the first instance
the court was without authority to ap-
point them. The matter was argued at
length before Mr.. Justice Hagner, who
held that the receivers were properly
appointed. and should continue to dis
charge their duty as such, under instruc-
tions from the court.
The complaint filed yesterday is
lengthy document containing forty-two
pages of typewriting. 1t gives a brief
resume of the business of the American
Savings Bank since it was started, go
ing in detail into many OF the transac-
tions, particularly in relation to real es-
tate deals.
The receivers allege that they "are
advised and accordingly charge that BY
means OF the facts hereinbefore set
forth. as well as by their acquiesceuce
In the issue OF stock without payment or
consideration therefor. and of this par
in the conduct in the banking
business without capital the said de-
PENDANTS Roone. Haller, Harris, Powers.
Stocking. as well as the defendants
Matthews, Wake. Robinson, and Eng
lssby, became ana are jointly and sever
ally liable for the payment to the de-
positors in the said bank OF the whole
amount OF their deposits less SO much
thereof as the scanty assets remaining
are sufficient to answer for.
Account for Deposits.
And the defendants should be re-
luirod to account for the deposits so in |
trusted to them. and to pay TO the re-
,eivers OF the said bank whatever sum |
1f money is necessary for full and COM |
Dlete liquidation and payment of the |
amounts to the depositors and other |
awful creditors Of said bank.
Transfer of Notes.
1t is asked that the transfer TO Mr..
Roome, in July. 1901. of certain promis-
sorry notes aggregating so, ,O29. be de-
'lared to have been made with intent to
hinder, delay and defraud the depositors
ana other creditors of the said bank, and !
iecreed accordingly to be null and void
md of none effect"
1t is further asked that the defendants
named be required to make a full true
and accurate account of all and every
sum and sums of money received by
hem in connection with the. business Of
he American Savings Bank.
1t is also asked that the transfer by
he defendant William Oscar Roome to
he defendant Marie Paret Mercier of
he land and premises known and de-
cribed as lot one hundred and eighty
1901 in Odell & Smiths subdivision Of
OTIS in square sixty-nine (69) in the city
y Washington. ID. c.. IS hereinafter set
orth, be declared TO have been in fraud
If the depositcrs and other creditors OF
he American Savings Bank and of the
redtors of the said Roome existing by
eason OF his management and conduct
# said bank. and to be null and void
nd of none effect, and the said land and
remises to be subject to the satisfac-
ion of the claims of the said depos-
tors"
A Further Injunction
1t is also asked that Mr.. Roome be en-
Dined from selling or incumbering sub
Dt "a il square 2i0, and lot in square
q, during the pending of these pro-
eedings and that his interest in the lots