The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-01-25
Min e Presentments
Against President Of
Failed Bank.
OTHER DIRECTORS
FkEEFROM w WRONG
Only Criticism Is That They
Placed Too Much Confidence
in One Man-Report Charges
Overdrawing Accounts and
Making False En-
tries.
Especial 10 The Times Dispatch

Alexandria, Va, January 2i-A
grand jury. with w H. Sweeney as
foreman. shortly before 5 o'clock this
afternoon gave It's report TO the court
in the case OF the Virginia Safe De-
post and Trust Corporation. It con-
tains nine separate prescntmcnts
among them being three for false en-
tries made By c. j. Rixey. president
OF the concern, amounting TO s70,l2l.4G.
and five fer overdrawing his account
at various times beginning September
l. 1909. and making false and wilful
statements to the State Corporation
Commission concerning same. From
the examination Of the corporations
books. as made by the grand jury, the
highest amount Rixcy ovcrdrew ac-
cording 70 the report. Mas February
Is last this being sis,s2oSl The
report in conclusion rrads:
I'VE lind from the testimony that
the directors, other than G. j. RiHcy.
are free from criminal wrong, but they
placed too much confidence in one
man We are convinced that the whole
management and direction of the af-
fairs OF the Virginia safe Deposit and
Trust Corporation was absolutely un-
der the control OF It's president, c. j.
RiXey."
Judge Garter adjourned tho jury
:. over until February next, when In
dictmcnts VIII be presented TO the
jury against ItiNey on each account.
liiXey is SIM Ill AZ his home in Wash
ington.
Report Of tirnnd Jury.
The reporl follows:
hn, i,,r, S,, ~
OF the Virginia Safe Deposit and Trust
CORPORATION, hes leave to report as fol-
lows:
Under date Of september / 1acs.
{. j. Rixey. as president OF the vir-
stslia safe Deposit and Trust Corpora
ion. did certify Under oath tina; the
total overdrafts, secured and unsecured,
OF the said corporation amounted to
the sum Of sl,377.72. lie also certified
that his account was not overdrawn.
We ind the said certified statement to
be knowingly and wi!fully false In
both particulars, as the books OF the
said corporation show that upon the
said date. namely. September /, 1909.
his account was overdraWn to the
amount of s4.6aJ26.
Under date OF November l6, a0a, c.
J. Rixey, as president OF the Virginia
Safe Deposit and Trust Corporation
did certify TO the State Corporation
Commission that the total ovcrdrafis.
secured and unsecured. OF sai corpora
ton amounted to the sum of s635.o1.
lie also did certify that his account
was not ovcrdrawn. 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 &c. 1909. his account WAS
overdrawn to the amount of S3.612.Il.
Under date OF Januar- 81, 1910, c. ].
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 corpora
ton amounted to the sum Of s2.S29.01.
And he also did certify that his ac-
count was not ovcrd:awn. We find
the said certified statement to he know
ingly and wilfully false in both par
ticulars, as the books OF the said cor
poration show that upon that date.
was overdrawn to the amount of $13.-
sse.7s.
Under date Of March 90 1910, c. j..
RiXey. as president of the Virginia Sa fe
certify to the State Corporation Com
mission that the total overdrafts. Sc
cured and unsecured, Of said corpora
tion amounted to the sum Of Sl,53l.34.
and he also did certify that his ac-
count was not overdrawn. We find the
y
~ and wilfully false In both particu-
lars. AS the books Of the said corpo-
ration show that upon that date. name
overdrawn to the amount Of sl5,07457
Under date of February IS. 1870
c;J. RiXey as president Of the Vir-
tion, did certify TO the Commissioner
OF Insurance Of the State Of Virginia
that the total amount loaned to the
DOTatiOn uDOn December 1000
amounted to the sum OF s2.4016s We
find the said certified statement to be
books 81 I, the said corpora f ton show ts
that upon that date. namely. December
81. 1909. his account was overdrawn
to the amount Of s1o,329.s1.
Under date Of the day of June
1910. on or. about the 10th. G. j.
r R,sey did o make an entry Of $4,000
the Virginia Safe Deposit and Trust
Corporation; We find the said entry
TO be knowingly and wilfully false. as
no equivalent for the said entry was
given the said corporation.
Under date Of November 90, 900.
co,'I; Rixey did make an entry Of s14,-
7sl4s upon the credit side Of the ac-
count of the Piedmont Milling Com
pany, in the individual deposit ledger
Ct the Virginia Safe Deposit and Trust
to be knowingly and wilfully false, as
no equivalent for the said entry was
siysn the said corporation.
between the Sth and 30th. c. J. Rixey
did make an entry Of $500 upon the
credit side OF the account OF Carrie f.
Rekham, in the Individual deposit
ltdger Of the Virginia Safe Deposit and
trust Corporation We find tho said
entry to be knowingly and wilfully
false. as no equivalent for the said
entry was given the said corporation.''
Tho total amount Of alleged false
entries liz $70.121.46. nm