The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-02-27

same court at Richmond at some fu-
t1re time
AIRY. 1906. Mr. Lanier approached me with
u proposition to become financially inter
ested In company he proposed incor-
pTating for the purpose Of drawing
charters and amendments to charters to
act rs statutory agent In this State for
foreign companies operating under IL
,censc, and to engage to make for all
ports required by this commission for
stipulated annual fees the latter, he
stated. would be very profitable 10 the
concern con- as there e, are abou; 1900 Sompa-
having at hand in this Department all
data. OF easy access, such company would
be in better position than any other Sim
we came In daily contact with these
companies. and could better supply their
needs than any one else. ! declined to
or with him in this transaction. He
feigned surprise at my refusal. and as
an inducement had the audacfty to tell
me that Judge Crump, the chairman OF
this commission had zone over the mat
ter with him in all Its details and not only
approved of the scheme. but would be-
come financially interested in It and lend
1t his support and give 1t his assist
ance You may imagine that i did not
believe this statement. for It was too
nonstrous to give TO II even a passing
thought.
Notwithstanding my refusal to becone
Interested in this company. he himself
drew the charter OF the Virginia Trust
and Charter Corporation. which was type
written by Mr.. Newly. and which { harter
IS now IN the files OF this commission
| bearing number 1866. He is also my au-
tnority for the statement thar the yir-
glnia Trust Company paid his company
| the sum of $50 TO change its name to the
Virginia Corporation Company dncorpor-
aitedD. which offer was accented; and he
himself drew the amendment so changing
The name. which anlanflYnanf fc
i.s9a. 's 'H' e''Aitt'sA''" NUMBER
You will also find attached circular
(marked Exhibit AZ. which he himself
composed: and make this statement as
one that cannot be controyerted, for he
SO advised me in the presence of wit
nesses
Would Not Induce Business.
This circular Is not calculated TO induce,
domestic companies TO incorporate under
our laws. or to present any allurement
to foreign corporation to enter the
state STAT. ana . operate under license BY a
peruSal OF this circular you will note that
none OF the advantages accruing to Il
company incorporating under our laws. or
operating under license is IN any way
shown; but on the contrary, every penal
~. which might be imposed by this COM
mission. for either delinquence or derelic-
ton, Is prominently exhibited. and it is
further turtle on shown own, that by teeoming a
| pany, Incorporated. all these calamiies
might be averted by the companies paw
ing to that concern an annual tax The
general counsel OF the Virginia Corpora
ton Company. Incorporated. was present
when this statement was made and yoll,n-
tarily added the further informatio
that the circular was purposely SO pre-
pared as to scare the companies into
becoming their clients. This conversation
took place in the general Office Of the
commission at night, when there was
present in the Office Captain Barrow
working on the statistics for the annual
report, and Mr.. Lanier. Mr.. Tyler and Mr..
Irving Campbell who We're engaged in
making a list OF the companies who had
reported TO this commission under section
Al of the tax law. the transcriptions being
made upon cards belonging to the State
of Virginia and furnished 10 this depart
ment by the Superintendent of Public
Printing.
The following will show what must app
peal to you to be a most fragrant abuse
of the confidence placed In your assistant
clerk by the chairman, who. unfortunate
~, almost Immediately after the organi-
cation of the Virginia Corporation Com
pany. incorporated, under Its charter pre-
pared and delivered to me. as clerk "a
statement" of which the following is an
extract:
Tine assistant clerk and Mr. Tyler, the
additional clerk, to be put in absolute
charge of the following work. Every APP
plication for a charter, or an amendment,
to be presented to the assistant clerk as
soon as it Is received through the mail
by any one In the office, who shall have