The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-05-05


81 INFORMED Davis that he had over
ll.sI checked. He called on him ono nigh
/ when the latter was Ill. and the
Sa talked about 1t together lie sa,
S5 Davis again tho next evening, and tn
5 latter handed him tho decd of trns
S with the request that he give II I
IS Robert .ahanlss. one of the directors
IS: Tho request was complied with, an
& Mr.. Ca6aniss held il one night. Wit
~ ness identified the decd OF trust, an'
I said he kept it until the end of thu
q year (1a0Sl. lie assumed that tn
Young note. as i, came TO be called
was to care for Mr. Davis's over
checking. He said that he was
brother-in-Iaw of Mr.. Davis.
He was questioned closely by Com
u monwealth's Attorney Mann AS to The
payments made on the ovcrdrafts. ant
y answered that Mr.. bishop ordered him
to pay them all. But he said tha, lie
A, was not ordered specially to pay MIR
pavis's ovcrdrafts as some of the
+ directors were sometimes ovcrdrawn
but he couldn't remember whether
they gave notes to cover the over
checking.
Can YOU tell me what other direc.
tors were overdrawn o. querieL counsel
/. for the defense.
II don't know eNactiy.' was the re-
ply. .but think pretty near all OF
them and everybody laughed.
Their counsel for the defense wanted
to know II the hoard of.6irectors gave
Mr.. Bishop assistance and advice, as
is USUAL In banks.
Il don't think I'm competent TO say"
. the witness replied The question was
the Keynote OF the defense. for counsel
+ is trying TO prove Jhat there was vast
negligence on the part OF the directors,
\ Especially the discount committees. ana
! that Mr.. Bishop practically operated
the bank, and that the directors knew
that he discounted paper .tRecords
showed that there was no meeting OF
the directors from January to De
cember is. 1905. and yet the discount
COMMITTEES was supposed TO meet every
day to pass on the paper
II Directors CoEni1nnt OF Note.
Witness admitted that hcrwas pres
ent al the meeting OF tbs. stockholders
in 1909. which confirmed the actions
OF The directors ana reelected the Ell
tire board. with Charles Hall Davis az
president OF the institution. He saia
that the directors knew that the note
for SCI 900 was on hand. and stated that
1t was renewed on February l6, 1893,
with the indorsation of three directors.
and again for twenty DAYS oil july 90
of the same year, with the indorsation
of six directors. .
Then came the first of the directors.
David Eigenhrun. who said that. with
himself. the discount committee for
>.,nd 7, ,nsfnrd ~, ,,.as onYh,,tic
IL 5nia, 49,, ,,i,n,.;t ~, ia,n
,astad In Nj t,i.hon 10 ldieeonnt ~, ,,cr
and said that he had understood that
all paper was to be passed on by the
committee.
III tho fan of 1905 he said. the bank
was hard up for cash, on account nE
cidai'no, - di.cnrn, ,,anc, -" 2,nnt
Inn, Of regular customers and TOR small
nn,n,,n,s 4,' Iii I11 HI ''
..V,si,bo yo,re noto discounted IN.
IN haara nr IA i.,.n,,,,, III, at,,boriyed
~ Ia honra S',fho IN .,slsa5
~ a.,
..lIri,an ,,,i 80, ,h,,a,bor., 10
zen uau 10" ~ hnI ,,s,, In "a, ''er' was
.si,, ~, III, ,,., - I,s,.,,,ar ,ns
i,st prior 10 thc animal meeting If thc
hoard / VA ,heclSinr a liz, NJ nj ma :
per5 in the bank. with one callinr and
another rhcciiinc ,yhen we cnrno arross
note far sai,ipo and another for
SCI. 900. W. l. Young was the maker
OF The first. and Paul Petit of the
other. We wanted to know wla,re the
hrst came from. Mr. Bishop didn't
y reply, but Mr.. Davis said lie could cx
plain, but, that we had better wait uniil
we got 10 The second note. MIR Davis
n explained that he had exhausted all
lis means 10 maintain the credit or
the bank. and that the paper was foi
his accommodation. We said that the
paper had been put in without our
knowledge or consent and that il must
be taken out MIR. Davis replied that
he would take it out within few days
lie said that he had 100000 or s65,opo
owing him and could put up enough
cola terai
Counsel for the defense wanted to
Know why Mr.. Davis was not forced 10
take the note OUT Immediately