The Washington times., 1911-01-17
Additional Charges Are
Made by Prosecutor
i Brent.
Continued from First Page.)

deposit company" said Mr.. Moncure
after he had prepared his petition,
which was filed today. lis the failure
TO disclose the irregularities which
seem to have been going on in this
bank for the past several years by the
State bank examines. These exam
nations are required TO be made at
stated intervals and either there must
have been an improper examination or
a failure to examine the banks ac-
counts at all. or the discrepancies
would have been noticed before this"
The petition filed by Mr.. Moncure
is also signed by Z. B. Hutch inson, who
represents foruteen depositOrs at
Herndon, Va.
other attorneys representing various
depositors told a Times representative
ditnonal petition, since II is believed that
their case Is covered fully by those al
ready presented to the clerk of court.
1t is expected. however, that the stock
holders will ask for an additional CO.
receiver, to care for their interests.
Statement From Receiver.
That the deposits of the company
will range between S425, ,OOO and $500 600
was the statement made today by j. X.
NJ. Norton, one of the receivers, who
is now going over the banks affairs. In
the Hrst statement authorized by the
receivers since the bank was declared
inSolvent, Mr.. Norton said:
We have engaged an expert account
ant, Franklin Coates, who is employed
in that capacity by the Comptroller of
the Treasury, to go over the hank S
affairs. l do not know whether his
statement will be presented by Thursday
or not, but the work is being done with
all possible haste. 1t is impossible a
this time to state exactly either the liza
hillties or the assets Of the bank"
Mr.. Norton declined to make any
statement concerning any Of the doZeh
charges contained in the petition flied
by Mr.. Brent. When asked about these
points one by one. he replied that hr
did not know.
rs it true that this bank has never
had a cashier, despite the fact that
the law requires One?, he was asked. |
THAT | can't say he answered.
Has the bank any vouchers or rec
ords for the alleged overdraft of moro |
than $4,000 of President RiXey, or the |
$4,000 Of the banks funds alleged to |
have been turned over by Mr.. RiXey to |
his private account"
1T may have. but if so l don't know |
anything about it..
Not Telling His Duties
DO your duties as receiver cover an
investigation OF these points," was the |
next question.
II am not telling what l am supposed
to do" was the answer.
According to Mr.. Brent's statement !
today, at least $4,000. of the States
money was received by the bank after
December g. on which date the directors
were notified that the bank was tn
solvent. 1t is supposed that the bank
also received private deposits after that
date, and this is one of the points Mr.. |
Brent wants the grand jury to inves-
tigate.
The money of the State in question
l. tal 49, No., D,bf
city treasurer, who is a brother of John
p. Robinson, vice president of the bank |
Mr.. Brent refused to make any eX
tended statement today beyond th"S"I
allegations, declaring that the petition
filed by him last Saturday with the
clerk of the court contained the rest
of the case in detail. On application at
the office of the clerk of the court for
this petition yesterday and today, 1t
was found that all the papers con-
neCted with the case had been loaned
to a local attorney.
Witnesses to Be Called.
Among the witnesses summoned for
Thursday are Joseph Button. commits
sioner of insurance; r. T. Wilson, clerk :
Of the corporation commission: c. Z. I
Barksdale, State bank examiner; the
directors and clerks of the Virginia ;
Safe Deposit and Trust Corporation;
Franklin Coates, bank examiner, and I
City Treasurer Robinson.
The exact manner in which the Mer-
camille Railway Building and Loan As
sOCiatio was involN ed in the insolvency
of the Deposit Company was made pub
lie today. The building association had
discounted a number of notes at the
bank and some of these notes were re- ]
discounted by the trust company, and
are now falling due.
The holders of these notes are de- ,
payment in full, and the board :
IF directors of the building association
found il would be impossible TO pay
BROWNS BRONCHIAL TROCHES
Convenient effective, safe, for coughs.