Evening star., 1933-06-28
Ex-Treasury Official Accused
of Warning Bank of Ex.
aminers' Trips.
FALSE DEPOSIT ENTRIES
AS PAYMENT CHARGED
Three Others Also Are Named by
Jury-Employes and Customer of
Mount Vernon Bank Indicted.

John Cooke Grayson. former chic.
clerk in the chief national bank ex-
aminer's Office for this Federal Reserve
district, was one of four men indicted by
the District grand jury today in con-
nection with the wrecking of the Park
Savings Bank. Grayson is a brother
OF Admiral Cary T. Grayson, White
House physician during the Wilson ad-
velt inaugural ceremonies last March.
The grand jurors also indicted three
employees and one customer Of the
Mount Vernon Savings Bank in connec-
ton with shortage Of approximately
SIS. 800.
Grayson is charged with informing
Robert S. Stunz, former vice president
of the Park Bank, when the Federal
bank examiners were prepared to visit
his institution. In return, 1t is charged.
Stunz accepted overdrafts from Gray
son and credited the latter's account
with approximately $4,000 he never de-
posted.
Took All Of Blame.
Stunz committed suicide last March,
leaving a note in which he said he
alone was responsible for the short
age at the bank An investigation by
the Department of Justice disclosed that
this shortage aggregated 81, zoe, 900.
Grayson, who is IS years old, is said
to be seriously Ill at Charlottesville. Va.
He will not be arrested at this time,
but will be permitted to post bond when
he is able to return to this city
The other three indicted in connec-
ton with the Park Savings Bank are
David P. Smith, nephew Of StunZ:
Alexander M. Mcneil, q depositor, and
his son, Benedict M. Mcneil, former
assistant cashier at the bank All
three are charged with conspiring with
Stunz to commit embezZlement and
larceny.
1t is charged that Stunz accepted
overdrafts from Smith in the aggregate
sum of s2,500 and gave him fictitious
credits at the bank to protect these
overdrafts. These affenses, It Is alleged,
go back to September Is, 1881. United
died the presentation Of the tndict-
ments, said Stunz used Smith as Z
dummy holder Of Park Savings Bank
stock without the latter's knowledge.
Accused Of Taking $4,000.
Mcneil and his son are alleged to
have maintained an account at the
bank as Alexander M. Mcneil Il Co.
BY the use of overdrafts and fictitious
credits extending back to 1925. they are
charged with Illegally receiving from
the bank a total Of $50,0 The son
resigned as assistant cashier In August,
1929.
Those indicted in connection with the
Mount Vernon Savings Bank shortage
are Charles A. Monroe, a teller; Robert
B. Speich and Frank B. Clayton. both
bank employees, and Samuel Borden, Q
Monroe Is named in two indictments.
The first charges him with embezzle-
ment and grand larceny of $1,100. In
the other he Is named jointly with
Borden. They are said to have obtained
S2,345 by kiting checks. Five such
checks allegedly were put through the
bank.
Speich and Clayton are charged in
one indictment with the larceny and
embezzlement of $2,181.
Borden appeared in court this after
noon and was released on 81 900 bond.
Indicted on Two Counts.
Two separate indictments were re-
turned against Grayson, one charging
him with conspiracy to commit crime
against the United States, namely lar
ceny and embezzlement. The other
charges conspiracy to defraud the
United States by informing Stunz when
the bank examiners were coming to the
bank. 1t is alleged Stunz, aided by this
information, was able to conceal the
shortage from the examiners for four
years.
The second indictment sets forth
seven instances between January /,
1929, and January 80. 1888. when
Stunz allegedly was tipped of" by
Grayson that the examiners were ON
their way to the bank.
The first indictment charges that on
seven occasions Grayson cashed over
drafts on his account. They were as
follows: August 6, 1927, $29; December
is, 1927, $686.82; August IS, 1929,
$5763; September 10, 1880, ST.; March
Continued on Page 2, Column 81