Evening star., 1922-12-11
BANK EX-0FF|C|AL
IS SHORT S22,5QO
Alexandria National Accuses
J. Lawrence Perry, For
mer Vice President.
BOND COVERS $4,000
Balance Of Shortage Will Be Made
Up From Surplus and
Profits.
From 4 staR Correspondent.

From 4 staR Correspondent
ALEXANDRIA. Va, December IL
A shortage of $22.500 in the account
OF a former officer Of the Alexandria
National Bank was announced off,
after a meeting of the board OF direc-
tors in the bank this morning.
The official statement says:
''The board Of directors Of the Alex
andria National Bank states to the
public that rumors concerning the
Alexandria National have been
brought to their attention, concern
Ing an alleged shortage on the part
of j. Lawrence Perry, q former em-
ton the board of directors states
that the alleged shortage on the part
of said J. Lawrence Perry amounts to
$22.500. This alleged shortage is
covered by bond of U. s. Fidelity and
Guaranty Company for $4,000. 80
on the part of the Alexandra Ma
| tional Bank Of over $500. which, in
the event it should finally prove to
be a loss. would be paid out of the
surplus and undivided profits Of the
Alexandria National Bank"
Board of Directors Of the Alexandria
National Bank. c. Z. Nicol. Presi-
dent"
Was Vice President.
Perry was a vice president of the
bank until November 20. He had been
connected with it since 1t was organ
ized in 1904. At the time of his sep
aration from the bank he was in
charge OF the savings department
there.
A special meeting Of a quorum OF
the board of directors was held this
! morning to determine finally upon
what future action to take in the case
aminer from the Treasury Depart
ment and a representative of the
bonding company. No prosecution has
yet been attempted. Possibilities for
the restoration of the funds concerned
in the shortage. according to officials
prosecutions: Definite development
along this line. however. is expected
tomorrow or the next day.
President Nicol in a statement to
The Star made it emphatically plain
! that the shortage would in no wise
| clared that at present the surplus
and undivided profits of the bank
amounted to $25.O00. which could be
used in itself to cover the entire loss
| II necessary. Cashier Dudley said the
loss could be cleared up with only six
months earnings of the company.
President Nicol also declared the
suspect had confessed to his alleged
shortage, but that nothing had been
uncovered to indicate the cause of the
act.
Member Of Leading Family.
Perry is connected with some Of the
leading families in Alexandria and its
vicinity, Within the second degree OF
kinship with him. it is said, are per-
sons who have property and funds
valued at more than $1,000,000. Perry
himself always has held a remarkably
high place in the estimation of Alex
andria residents.
His general reputation showed nc
bad habits and the discovery that an
alleged shortage was listed against
his name brought decided shock te
Oficials of the bank said future ac-
ton would be planned not only from
the viewpoint of bank directors. bu,
aIso with the advice of officials OF the
treasury Department and OF the
bonding company.
PRESIDENT Nicol expressed the view
! that the manner in which the funds
are said to have been taken was by
we'll known method OF crediting de-
noaita on the books of depositors. but
in falling to mako record Of the de-
posits on the books OF the oank
Revond making this statement, he
would say nothing.
Mr. Perry, at his home in Braddock
Va. told q reporter for The Star that
he had no statement to make. Albert
Rrvan an attorney Of North Fairfax
Va is in charge of his affairs, he
aafd