Evening star., 1953-10-04

burg, he said he had not yet
retained a lawyer.
Hearing Next Friday.
The Commissioner continued
a preliminary hearing for him
until 2 pm. next Friday and
fixed bond at $4,000, as rec
commended by Assistant United
States Attorney Thomas A. Viii
son.
To most New Market citizens,
the mystery man in the bank
case is Don Simpson.
HE came here in 1948 and
purchased Court Manor from
Consolidated Dairies," said Mrs.
Olinger.
Court Manor is an estate of
about 1000 acres, four miles
south of town. It was developed
by Willis Sharpe Kilmer. breeder
of famous race horses. Con-
solidated Diaries took the prop
erty over from the Rakes
brothers of Fredericksburg.
Hugh N. Rakes drew a jail
Sentenance in 1949 after being
convicted in connection with the
misapplication of more than
100000 in funds of a Fred
ericksburg bank.)
Sold Estate for $35O,OOO.
Mrs. Olinger said Simpson
organized Court Manor, Inc, )"
with himself as principal stock
holder and sold the estate in
1851 for a reputed $350,000.
The present owner is r. j.
Funkhouser of Centreville, Md,
big landowner and industrialiSt
with connections at Charles
Town, Hagerstown and Balti-
more.
We'll. I always liked Mr..
Simpson all right" said F. B.
Lloyd. 69-year-old grounds
keeper at Court Manor. Il
liked him all right, even if I
couldn't figure out how he ran
this place.
He let his wool go for moth
ing when he could have made
some money on it. I wanted
him to sell when the price was
$1.50 a pound. but he wouldn't
do it. Said he'd wait. Well,
he waited until the price went
down to 80 cents. Then he sold.
when you've got more than
thousand sheep, that's losing
money, amt it?"
Became Bank Director.
Herbert R. Meyers, president
of Citizens National, said Simp-
son became a bank director last
year. when the capital was
doubled from $4,000 to $4,000.
He bought $50 shares out of
the 1000 we offered" said Mr..
Meyers. These were valued at
$4,000. Of course, he has sold
some shares since then, but that's
when he got on our board. I
can't say we really know a whole
lot about Mr.. Simpson.
I'VE always had a good i'm
preston of Beahm. He was never
known to beita spendthrift and
there wasn't any indication that
he ever gambled or got into any
trouble. He invested in nice
brick house a few years ago, but
he didn't go overheard on it.
Had Confidence in Mr.. Beahm.
Mr.. Beahm had full authority
at the bank. He passed on the
loans. We had complete con-
f1dence in him.
Recently, Mr.. Simpson has
been going to Beahm's Office
quite a bit. They conferred be-
hind closed doors, and of course,
there's no way to know what they
talked about. But that seemed
to be their business.
Ml. O1LIlPoOI1 NO1AOWCO SOlAlC
money at the bank and not long
ago I got a Judgment against
him on $4,000 note that was
due. The judgment was in
Rockingham County, where
Court Manor is located.
"Mr. Beahm was not limited
in how much he could lend. He
was in charge. OF course, the
directors meet every two weeks
and look over the business"
How much did you pay Mr..
Beahm for this work?" the presi-
dent was asked.
His salary was So, 800 a year,"
replied Mr.. Meyers.
II want to say this for Mr..
Beahm. He is cooperating with
us in every way he can. He is
trying to help us locate the
Simpsons in Canada and he is
helping Mr.. Bauserman, our at
torney, to try to salvage what
we can from any holdings Mr..
Simpson may have in West Vir-
0ivoio -