Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1911-03-22

in. ..a: 800 -.c .-- ..Gn .
nc +" -atl.
DO
5- - ..oriyers show the
unsatisfactory statements concerning
the transactions CT Mr.. c. Jones
Rixey, the president OF the corpora
lions, and give the following exhibit:
On June 10th, 1910, the account
OF c. j. Riyey was ovordrawn $50, 6S3, :
3S; on the same day Mr.. Rixey credi-
ted himself on the individual ledger,
subject to check, with $4,000,
which absolutely represented nothing
the transaction being fictitious one.
Notwithstanding The erroneous credit,
at The close OF business December
2Sth, 1910, Mr.. Rixey's account was
further overhrawn to The extent Of
81 ,433 IL, making his total overhrsft
S54 ,433 IL, 80 this charge against
him stands as follows: June 18th,
1910, overdraft $4,000; December
18th. 1910, additional oyerdrait,
81 ,433. IL interest on s50,O00 to
March lst. 1911, 5000; total $50
1873. IL.
The operations 81 Mr.. Ri1ey as one
Of the executors OF The estate of the
late. j. 4. Beck ham follows, wherein
are given the overdrafts ia connection
with that estate as we'll rs those Of Eppa
Rixey and the former president's trans
action ia connection with the Piedmont
hlBiing Company and r. X. Semmes
In referring to the Piedmont Milling
Company the receivers say:
This whole transaction, carried
amongst the loans Of the Trust Com
pany, WAS treated and vas practically q
personal affair Of Mr., kixey. The
paying teller was instructed 10 pay
checks Of this concern. There are
evidences oil Mr.. RiSey having treated
number of transactions that went
through the bank, as personal matters
From time 10 ime he would have the
pioiit account credited With interest
and would charge his personal account
with such interest item. On November
20th, 1910, Mr.. Rixey placed an arbi-
trary credit OH the individual led ger
account OF this concern, in his own
writing amounting, to Sl4, 72l .46, the
said sum peing evidenced by one Of
the notes above. This ncte is all in
Mr.. Rixey's handwriting, except the
printed part, hut was never actually
discounted. The Piedmont Milling
Company wa: practically bankrupt be.
fore any Of these transactions, except
possibly the one note dated 1907. It's
property vas sold in chan2ery suit
brought in Nelson county, Virginia, in
June, 1910, in which Kate Troy was
the plaintiff aud the Piedmont Milling
Company, ct ais. were defendants.
Mr.. r KEY vas one of the defendants
to this suit He filed his answer in
that suit. and in that answer says:
that he has no interest whatever, either
directly or indirectly, in the affairs and
property OF the Piedmont Milling Com
pany; that 1T one time he was the
owner Of one hundred and seventy
shares, majority, OF the capital stock
OF the said company, one hundred and
OF said shares standing on the
books Of the company in his name. and
ftty.seven shares in the name OF G.. R.
FOCUS; that several years ago he sold
and transferred this stock to the South
Chesapeake Beach Land Company,
Inc, and since selling the shares OF
stock held By him, as aforesaid, he has
had no interest whatever in the COM
pany, and knows nothing about its
affairs or operations; that he has not
been president Of the company for
years, nor has he taken
any interest i'll the operation and man.
ae=ment Of the affairs of the company,
and does not know anything about
what has been done for the past two or
three years in its management. Thus
We find Mr.. Rixey, on November Gath,
1909, signing a note in The name OF
this company and putting it through
the loans and accounts OF the Trust
Company, and discounted other notes
for it not even signed or endorsed, aud
this at o time when he solemnly states
be had known nothing about its affairs
for several years. It nil be noticed,
that ali the notes above, except one,
we're in 1909, and that on tie back Of
all the notes, except one, is the en-
iorsenent that interest Wss paid to
July 1st, 1910, showing that Nj. Rixe5
considered this personal matter, SIS he
aas still claiming to pay the interest
thereon afte. the Piedmont Milling
Company vas IL the halds OF receivers.
ali the property OF this Concern has
ioas ago been soid "a the suit, aud the
notes a.e To.sliess. 10 claims io.
.tese 1otes aas 1ade 3: III. R;zs:: q
lie suit sbo-e referred 10, &c. Ts.s
.heE presented II aug ws; 10 referred
:o IL said suit
TIE receivers then proceeded 10 give
al exposition OF Mr.. Rixey's trans
action NTH the Shenandoah Woolen
Mills, tie Charlottesville and AlbenaIle
Railway aud the FrsleY note tran=ac
tious. The receivers add:
The foregoing transactions between
Mr. Rizey aud the Trust Company s1e
By no means sii Of his personal sraas-