The Washington herald., 1911-01-15

| erS for the Virginia Safe Deposit and
Trust Corporation was filed in the Cor.
poration Court to-day by Commonwealth
Attorney S. G. Brent, for S. r. Donahoe
State auditor also instigating suit 70,
the recovery of SIS. .2O953 belonging to the
State of Virginia and which had beer
deposited with the defendant COOPERATION
by Thomas w. Robinson. city treasurer
1t is set forth in the petition that the
| corporation commission on December 5
1910. advised the corporation and direc-
tors that the securities had been i'm
paired and notified them that unless the
same were made good within twenty
days the commission would place the
| institution in the hands Of receivers.
That the commissioner of insurance
had notified c. j., Rixey. that the de-
velopments showed that the corporation
was not solvent. and directed him to is
sue no new bonds or to renew others.
That c. J. Rxey and John S. Barbour
were successful in their efforts to have
the order withdrawn.
That the corporation was insolvent a
long time prior to December =, 1910.
That its condition could have been
known from an, examination of it's books
lidt lilc law requires lne cashier to
make statements every three months, the
directors to examine the same and aScer-
tain their turth.
That the law had not been complied
with, and everything turned over to c.
J. Rixey.
That said c. J. Rixey overdrew his ac-
count SGc.6S.33. and to secure and make
good the ovcrdraft took $4,000 of the
money and property of the corporation
without giving note or security: also that
he had issued to him slO2. 200 worth of the
capital stock of the said corporation with
out paying a dollar for the same dispos-
ing of his stock from time to time until
but $4,000 was left in his name.
That per cent interest was paid in
Eestors in the corporation, which had
made no such profits. which fact was
known or could have been known by the
directors.
That the bank examiner discovered that
Rixey had wrongfully appropriated and
embezzled $4,000 Of the money and prop
erty of the corporation and communi-
Gated this fact to the directors, Novem-
ber y. 1910.
That Rixey acknowledged to a COM
mittee of the corporation that the entry
crediting him with $4,000 was in his own
writing.
The petition prays that Rixey and the
board of directors of the defendant cor
poraton be made parties to the suit and
should the assets prove inadequate to
meet the States claim that they may be
made 10 pay the deficiency.
Among those who were summoned to-
day TO appear before the grand jury
which will Thursday next probe the af-
fairs of the Virginia Safe Deposit and
Trust Corporation. are Joseph Button,
commissioner of insurance: r. T: Wilson.
clerk of corporation commission: c. f.
Barksdale. State bank examiner: the
directors and clerks in the Virginia Safe
Deposit and Trust Corporation: Frederick
Coates, jr.. national bank examiner; City
Treasurer T. w. Robinson and others.
There were no new developments to-day
in the failure of the Mercantile Railway
Building and Loan Association, which in
stitution was placed in the hands of
Douglas Stuart and Lewis Hooff, as re-
ceivers, on Friday last.
In the Circuit Court for this city to-
day, in the case Of F.. F.. Marbury and
others against the Mercantile. Railway
Building and Loan Association, a decree
was entered providing for the taking of
testimony in vacation.
In the Corporation Court to-day Attor-
neys Moncure. Wampler. and Goth, of
Alexandria County. filed petition in the
case of Mary +. Lewis and others
against Robert II. Coward that Thurs
day next at 10 o'clock in the Corporation
Court they would renew the motion pend
ing for the appointment of co-receiver
for the Virginia Safe Deposit and Trust
The court has already heard
the motion and deferred action in the
matter. hence the renewal Of the appli-
cation.
Wit and humor prevailed this afternoon
at the annual banquet of the Bar Associa-
ton of the Sixteenth judicial circuit c.
Vernon Ford, Of Fairfax. newly elected
president of the association. acted as
and made a most admirable
one. The speeches and toasts responded
TO were short. Several bachelors present |
were also called upon to explain why. and |
many funny reasons were given for being |
in the land of single blessedness.
Prior to the banquet the annual meet |
ng Of the association was held at the |
office Of Col Francis L. Smith. He read |
a paper on the acquisition OF territory |
in the State of Virginia by" the Federal |
government, in which he opposed the |
measure.
The election resulted as follows: c. |
Vernon Ford. president. Fairfax: John
VI. johnson, Alexandria,: r. Gordon Fin
1ey, Alexandria County; r. Thornton
Davis. Prince William County. and R. E.
Thornton, Prince William County, vice
presidents: ]. Randall Cation. jr.. secretary.
Alexandria: r. d. Brumback. treasurer.
G.. L. Boothe. Alexandria:
z. c. L. Moncure, Alexandria County;
Tohn s. Barbour. Fairfax, and r. A.
Loudoun, executive commit
ee.
Dr. Ennon G. Williams. commissioner
( health Of Virginia, will deliver a lee
ure. January "a. in the Young Peoples
Building of the Methodist Episcopal
,hurch South, under auspices of the local
ranch of the Anti-Tuberculosis Society,"
Fire which started in a closet gutted
he house Of Charles Dilger. 10 North
Columbus street. this morning and also
amaged several two-story frame tene-
nents. Prompt action on the part Of
he fire department saved the block from
robable destruction.
The blaze is supposed to have been
aused by a mouse gnawing matches.
he three other houses which were par
ially destroyed were occupied by Charles
rinnegan Howard Harrison. and Edward
,orbin. Dilger and Finnegan lost most
{ their. effects. but their losses are COW
red by insurance. All the houses were
insured. -, II
Al Of the tenants ~ sooa = IL arsI'
- y Il n 3 !, IA. : ~ Il = sss