The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-05-25
ORDER WRECKED
REFORMERS' BANK
O0IItIIUtu TOM FIrst PaEe.)
officers and directors of the two cor
poratlons having been the same.
Money In First Nnttonnl
CONTINUED From First PaEe.)

1 l.'N Honey III First National,
/ Report No. of the receivers, filed
at the same time sets forth that r.
| T. Hill. cashier. and two other officers
OF this bank had in their possession
Se'204.I3. rightful money of the bank,
| which sum r. T. Hill was endeavoring
/ to deposit in the Broad Street Bank. of
| Richmond, as special fund but which
| was nevertheless the property of the
insolvent defendant bank" The re-
| cetHers were informed and report that
H'll was intercepted by an officer of
| the First National Bank OF Richmond
and prevented from making the de-
! post, as he was endeavoring TO do so.
and not earlier than p. NJ. on October
| &c. the said First National Bank, with
| out lawful authority. received from
| Hin. out OF said s6.+o0.78, belonging TO
! the defendant insolvent bank. the sum
| OF sl,6Sl.i6. and the First National
Bank has since withheld same and re-
fuses to turn II over to the receivers
An addition states that notwithstand-
Ing Its refusal to make payment. the
First National Bank had given all prop
er Information and assistance to the
| receivers.
| Judge Issues Rule.
! Judge Grinnan's order, on the basis
| Of report No. .. sets forth that 1t ap-
pearing that the First National Bank.
of Richmond. had received OF the cash.
Ter and other officers of the !nsolvent
bank the sum Of Si.63l.iG on October
lie, 1910, after the appointment and
| Qualification OF Il receiver for the in
| solvent Savings Bank OF True Reform
trs, nnd II appearing that the money
was the property OF the insolvent ba NIX
! and should have been delivered to the
receivers appointed by the court, and
Vet III ~. ~
fused TO turn over or deliver the
money. the rule directs the First Ma
I! tional Bank to appear At the bar of the
lSnancery Court on June o. at IL O'clock
4 =. NJ TO show cause, if any it can,
why II should not deliver the money to
\ the receivers"
Inventory of Assets.
] Accompanying the report is an en-
tended inventory OF the assets OF the
insolvent bank as OF the date OF the
receivcrship October 26. 1910, showing,
among other items: Cash, S4573.3i;
tickets. Sl43.SS: overdrafts, sl0,9lI.as;
bills receivable. SS6.1iI.S4; notes or
Reformers Mercantile and Industrial
! Association, partly secured on real cs-
tate. 1926. S39.9S; other notes. S:.7Sa.l2,
loans, secured by death claims. S2Sl.I5.
Then follows list oi real estate.
/ with descriptions OF lots in Danville
in the name of the keformers Mercan-
! tile and Industrial Association in
Staunton Cincinnati, Clarcmont. Va;
! Washington. ID. g. Louisville unc
| Hampton. AS an Illustration OF high
| finance. 1t is stated i'll the report that
p washington city LOT cost $4,000
that it was Vailed by the officers Of
the bank. in "a statement furnished the
receivers. at S90000. and Is subject 10
81 first mortgage ot $4,000. and OF a
/ second mortgage Of S5l.iSi.
Real estate is also reported standing
in the name of the Grand Fountain,
1 United Order OF True Reformers, in
I Lynchburg. Portsmouth. Alexandra.
! Norfolk. Richmond. Ashland Mnnches-
ter. Baltimore ana Roanoke. all hav-
ling a considerable value. though the
| receivers do not AT this time under
I tuke to place mark ct value on The
! real estate holdings.
. Iiili's False Entries. t
. a detailed report is made OF dis
crepancies and false entries made in
the account OF II. r. Hill on the check
Ing side OF his account. dating back
!; 10 November %, 1901, and aggregaIinG
Sl6icS06. while similar false entries
are reported tolhave been made by Hill
on the deposit side OF his account,
| amounting in the aggregate to Sl5,-
2ai.5-. raise entries and discrepancies
are reported in the account OF Agnes
Il. Reese on the checking side amount
/ ing 10 S520l9, and on the deposit side
to $6l6. The items showing discrcp-
| ancies in Iiills accounts occupy sew
eral pages OF close typewriting, show
ing tina q ne defalcaton has been going
on systema ticaliy for years past AS to
methods. the report sh VS. IN some
instances that checks were not
! charged. that items werc changed
on the ledger or erased from the
Ledger; accounts not entered on the
day book. or the amount OF the de-
post increased. either on the dcpo-it
i slip. before posting, or on the ledger.