Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1911-01-19

guilty of a felony. and upon conviction
shall be fined not less than one hunore
nor moro than FIVE hundred dollars, an
be imprisoned in the penisentiary no
less than one nor more than ten years.
Also Section 111oe. Banks coming VI
der the provisions Of this act. The Pre-
visions Of that act shall apply TO AM
govern all chartered banks, including
banks of deposits and discounts, saving
institutions, savings societies and trus
companies.
Aiso section III. Penalty for recelY
ing deposits when bank is insolyent.
"Any officer or employee of any bank
banking institution, savings bank, say
ings society, or savings institution wht
shall take and receive money from any
depositor with the actual knowledge
that the said bank. banking institution
savings bank, savings society, or say
inss institution is at the timo insolvent
shall be guilty of embeZzlement. ane
shall be punished by a fine double the
amount so received, or he confined IL
Jail not less than fifteen days nor more
one year, or be confined in the peniten
tiary not less tnan one nor more than
three years, in the discretion OF the jury
for each offense."
CHAPTER liz of Acts Of 1906, entitled
can act concerning the bureau OF insur.
ance, and insurance, guaranty, trust, In.
denmity, fidelity, security, and fraternal
benefit companies. association societies,
and orders, and imposing penalties for
its violation" Approved March 9, 1906.
Also section % Of chapter (eode bien-
NAL 1903, page 4S1) companies to fle
copy of charter, statement Of business,
etc; what such papers to show"
Also section A Of chapter (code bien-
NAL 1908, page 490), "false statement in
the report deemed perjury; penalty
which provides that if any president, sec
cretary, agent, attorney, or other person
whose duty il is to mako or file any an
nual or other instrument in writing, re-
quired by the provisions cof this law,
shall knowingly or willfully make or
file any false or fraudulent statement re-
port or other instrument, he shall be
deemed guilty of perjury, and. upon
thereof, shall be imprisoned
in the penltentiary for period of not
less than two nor more than ten
years"
Also Section BIG. Embezzlement of
money, bills, check3, etc., deemed lar
ccny, which reads:
"1fany person wrongfully and fraudu-
lently use, dispose Of, conceal, or embez-
zle any money, bill, note, check, order,
draft, bond, receipt, bill Of lndiDg, or any
other property which he shall have re-
eeivcd for another, or for his employer,
principal, or bailor, or by virtue Of his
office, trust, or employment, or which
shall have been entrusted or delivered
to him by another, or by any court, cor
or company, he shall BE deem
ed guilty of larceny thereof"
After the reading OF the charge the
grand jury retired to their room to
take testimony OF the witnesses.
Amony the witnesses who we're pres
ent to appear before the grand jury
we're: Joseph Button, commissioner
Of insurance; G. G. Barksdale, state
bank examiner; R. T. Wilson, clerk
state corporation commission; Frede-
rick Coates, bank examiner; Messrs.
Thos. w. Robinson, George Robinson,
John P. Robinson, Henry Baader, G.
G. Leadbeater, T. J. Fannon, Henry
K. Field, L. Ruben, H. D, Kirk, 8.
L. Monroe. ]. X. NJ. Norton, John
s. Barbour, E. P. Doherty, w. ].
Boothe, George S. French, Douglass
Smith, Henry F. Robinson and ]. A.
Eggborn.
MOTION FOR Co-RECEIvER.
Mr.. r. G. l.. Moncure renewed his
motion for the appointment of core
ceiver in the Corporation Court this
The motion was made about
ten days ago and continued until today.
Mr.. Moncure delivered an argument
on bis motion, going into some details
CONCERNING the Virginia Safe Deposit
aud Trust Cnrporation's present affairs.
in which he said report OF the assets
Of the corporation could have been sub
mitted some time ago. According to
statements, tho speaker said,
Judge Norton had stated it might take
a year to mako a full statement. Heavy
expense was being incurred all the
time, and the depositors were naturally
worried.
Major Mcintyre followed. lie rep
resents the dcpositors in the Reming-
ton branch OF the Virginia Safe Deposit
aud Trust Corporation. He, too, argued
for the appointment OF co receiver,
and maintained that no receiver should
be tho representative Of any interest in
tho collapsed institution. Judge Norton
had been a director in the trust COM
pany about six months ago, and there
was every reason to believe that the
banks troubles antedate that period.
He also suggested that should certain
issues arise Mr.. Barbour, the other re-
,eiver, would be found defending the
Rixey interests. The speaker main.
sahlod that neither OF the receivers
should be acting in such positions. His
excoriation OF the present condition of
The institution was severe.
Mr.. Bernard Miller, OF Culpeper,
argued in attempts to convince the
court that present conditions should
not be interfered with, and that tho
present receivers should be let alone.
Mr.. T. E. Grimsley, of Culpeper,
subsequently spoke on tho Same lines.
He said, among other things, that Fran
els Coates, An expert bank examiner,
vas facilitating the work OF preparing q
report OF the condition Of the corpora.
ton.
Mr.. G. D. Waite, Of Culpeper, also
spoke against granting the motion for
The appointment OF an additional re.
ceiver.
Mr.. James f. Jeffries stated that be
as representative Of Mr.. RiSey, could
state on the authority OF that gentle
man, that if other interests render
it necessary, he would interpose
no objection to the appointment OF CO.
receiver. The speaker, however, argued
against the appointment of such, and