The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-01-25
INDICTMENTS ARE
EXPECTED FEB. 8
GRAND JURY IN ALEX
SAYS DIRECTORS PLACED TOO
MUCH CONFIDENCE IN i.
RIXEY

ALEXANDRIA,. VA. Jan, CD
shortly before o'clock last evening
the grand Jury brought in its report
of its probe into the affairs of the
Virginia Safe Deposit ana Trust Cor
poratien. The report contains nine
different peresentments. charging
that three false entries had been
made by G. ). Rixey. amounting to
sre,l2146: FIVE for overdrawing his
account at various times beginning
September /, 1909. aud one Tor MAX
ing false statement 20 the State
Corporation Commission. The high
est amount III ovordratt VAS $ls,-
$685. on February 2S last.
The grand jury expresses the opin-
loa from the testimony in the case
that the directors. other than {. j.
Rsxey, are free from criminal wrong,
but they placed too much confidence
in c. j. R.xey.
Indictments are expected to he re-
turned against Kixey when the grand
Jury roconNtnes on February 3. kixey
is still III ut his home in Washington.
Report of Grand Jury.
The report follows:
/ We, the grand jury in the matter
of the Virginia Safe Deposit and Trust
/ Corporation, beg leave to report as
follows;
/ Under date OF September /, 1909,
iC. !. Rixey. as president ~ the Viz
ginia Safe Deposit and Trust Corpora
ton did certify under oath that the
/ total overdrafts secured and unsecur-
ed Of the said corporation amounted
to the sum OF s1.S7I.12. He also GER
titled that his account was not over
drawn We find the said certified
statement To he knowingly and VIII
fully false In both particulars, as the
books of the said corporation show
that upon the said date, namely. Sep
TENDER i, 1909, his account was over
drawn 10 the amount OF S4,6e7.26.
! Under date OF November l6, 1909,
lC. j. Rixey. AS president of the Vir-
ginia Safe Deposit and Trust Corpora
ton, did certify to the State Corpora
ton Com mission that the total over
drafts, secured and unsecured. of said
corporation amounted to the sum OF
sS3b.21 He also did certify that his
account was not averdrawn. We find
the said certified statement to be
knowingly and wilfully false In both
| particulars as the books of the said
corporation show that upon the said
date, namely, November 10, 1903, his
account was oVerdrawn to the amount
OF s3.612.71.
Under date of January 81, 1910. G.
j. Rixey. as president OF the Virginia
Safe Deposit and Trust Corporation.
did certify to the State Corporation
Commission that the total overdrafts,
secured and unsecured. OF said cor
poration amounted TO the sum of ST.
329.0I. And he also did certify that
his account WAS not overdrawn. We
find the said certified statement TO be
knowingly and wilfully false in both
particulars, as the books OF the said
corporation show that upon that date.
name, January Il. 1910. his account
was overdrawn 10 the amount of sl3,-
33s.7s.
Under date OF March 40, 1910. c.
] Rixey. as president of the Virginia
Safe Depot and Trust Corporation, did
I certify TO tho State Corporation Com
mission that the total overdrafts, Sc
cured and unsecured. of said corpora
ton amounted TO the sum OF $1,b31.3A.
and he also did certify that his ac-
| count was not overdrawn. We md
| the said certified statement to be
| knowingly and wilfully false In both
| particulars, as the books OF the said
Incorporation show that upon that date,
namely. March 20. 1910. his account
was overdrawn to the amount of sl5.
! 074,57.
Under date of February %, 1910.
| c, j. Rixey, as president OF the Vir-
/ ginia Safe Deposit and Trust Corpo-
ration, did certify to the commits
sioner OF insurance of the State Of
/ Virginia that the total amount loaned
/ to the directors or other ofilcers of
said corporation upon December 81.
/ 1909. amounted to the sum of $2.-
, 40l.63. We find the said certified
statement to be knowingly and will
fully false. as the books of the said
corporation show that upon that date.
namely. December 81. 1909. his ac-
count was ovardrawn to the amount OF
S1s,32q.s1.
Under date Of the day OF June.
1910, on or about the 18th, c. J.
Rixey did make an entry Of $4,000
upon the credit side OF his account
in the individual deposit ledger of
the Virginia Safe Deposit and Trust
Corporation. We find the said entry
TO he knowingly and wilfuily false. as
no equivalent for the said entry was
given he sold corporation.
Under date OF November 20, 1903,
Z. J. Rixey did make an entry OF
s14,72l.46 upon the credit side OF the
account of the Piedmont Milling Com
pany in the individual deposit ledger
Of the Virginia Safe Deposit and Trust
Corporation. We find the said entry
to be knowingly and wilfully false. az
no equivalent for the said entry was
given tho said corporation,
Under date or the day OF June,
1910. between the 9Th and 30th, c. ].
Rixey did make an entry of SO. 400
upon the credit side of the account OF
Carrie f. Bekham. in the individual
deposit ledger OF the Virginia Safe
, Deposit and Trust Corporation. We
nnd the said entry to he knowingly
and wilfuliy false. as no equivalent
for the said entry was given the said
corporation
The total amount of alleged false
| entries IL $40. l21.4s.