Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1922-08-18

present that they saw an tom in the
local columns OF one OF the daily
papers in the City of Richmond that
the receivers desired the depositors
to turn in their books to said re-
ceivens but the depositors did not
understand why they should be re-
Quired to give up the only evidence
Of the indebtedness Of the Bank to
them and that they now and always
have entertained the utmost conf
dence in the President arl Directors
Of the said Mechanics Savings Bank
and that they do not question their
honesty and integrity, for this rcas-
on a large majority Of the deposit
tors have refused and doth refuse
to turn over their books to the re-
delivers. While 1t is true the re-
ceivers are strangers to them but,
through the Court, thcy have tho
utmost confidence and respect for
the receivers because, they are in
formed, the said receivers are Officers
Of the Court and that their books
could not be lost or misplaced by
them yet they feel that they would
prefer keeping the evidence Of the
Indebtedness OF the Bank to them in
their own possession, especially,
since they have no reason to believe
Or suspect that there is anything
wrong with their accounts.nwlth the
said Bank.
Your petitioners further represent
that the depositors Of the said Bank
are anxious that the Bank and it's
affairs be returned til its officers,
that the same may be opened ut the
earliest practicable moment to re-
lieve the condition hereinbefore
referred to; that large number or
the depositors are withholding their
books from the receivers for the
reason that, they verify believe,
should the more than three thous-
and depositors give their books to
the receivers to be audited by them,
the Bank Will be closed indefinite;
that they believe it will take several
months for the receivers to audit
these three thousand and more OF
passbooks.
In order that tho receivers may
expedite their work and make their
partial Or full report to the Court,
ITO the end that the Bank may be
rc-opened, they have declined and
doth decline to deliver their books
to said receivers; that they have not
been informed Of any law compelling
them to give. up their books, which
Is the oily receipt they have against
the said Bank; that they have no
means Of knowing how long it would
take to audit and state the three
thousand, and more accounts be-
tween the said Band and the said
depositors; that some Of the sal
depositors were depositOrs in the
Savings Bank Of the Grand Fountain
United Order Of True Reformers ana
that they had been required to de-
liver their books and the receivers
or those in charge Of the matter
were unable to close these accounts
and make a final report to the Court
for nearly ten years, during which
time a large number OF the deposit
tors departed this life, and that this
is the further reason why the de-
positors of the Mechanics Savings
Bank are unwilling to turn in their
books unless they are forced to do
so by law; that it is not their inten-
ton to complain Of those who had
charge OF the Savings Bank Of the
Grand Fountain United Order of
True Reformers but simply refer to
tho matter to show some Of the
reasons why the said depositors in
the Mechanics Savings Bank have
refused to deliver their books to the
receivers Of the said Mechanics Saw
ings Bank.
That your petitioners are in
formed, mad the President Of the
Mechanics Savings Bank. after
agreeing to give securities for $685.
10000, not refused to pay interest
upon said securities at the rate Of
Six CO. Percent, the Bank would not
have been closed and that his refus-
al to sign the obligation carrying the
interest at the rate of Six co. Per-
cent, aforesaid, was the prime cause
Continued on the Eighth Page.)