Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1888-03-29
RALEIGH'S BO0DLERS.
MANY LEGAL COMPLICATIONS SAID TO
BIZ AHEAD.
What the New Directors Claim-Reported
Arrest OF Murderer
Shot Twice.
rsnncIa, telegram to the pispa,cn.l

was reported yesterday that wake
county man had lost $50, 900, but it is
TODAY stated that the largest deposit by
anv individual was that OF gentleman
who recently moved to tins city. 1t
amounted 20 sixteen thousand dollars.
The deposits received at the bank
Monday were all put aside as "a special
fund.-" with the intention of returning
them to the depOstOrs. This morning
the bank examiner said these especial
deposits" all of which were carefully
put up by Mr.. Halworth, teller of the
bank, must be held until receiver for
the bank was appointed, and that the
Comptroller of Currency would decide
as to their status. This part of the mat
Ter will take n legal aspect, as suits Will
be brought to recover these deposits
The five new directors elected ten
DAYS ago-G. T.. Leach, L. II. Lee, {.
T. Bailey. ID. b. Avera, and NJ. I. Nor
ris-cive notice this afternoon that they
we're induced to become stockholders
and directors Of the bank by the frau1u-
lent Recommendations OF c. +. Cross,
president. and Samuel c. White, cashier,
upon which they relied, the fraud
and falsehood of which were not dis
covered by them until the night of last
Monday, and that they intend to re-
SYST any and all liabilities on their
part. respectively. upon this ground.
After the notice above WAS gwen, NJ. 4.
Norris. c. T. Bailey. ID. b. Avera, and
q. (. Leach. in behalf Of themselves
and Edward II. Lee, who Is absent from
the city but represented here by coUn-
sci. claimed that at the time they agreed
10 accept the dictatorship in the State
National Bank they had no reason to
believe Its condition was not good and AS
represented by rte president Gnd cashier,
and had no reason TO think otherwise
I'LL Monday that their assent having
been obtained by fraud, they are ad-
vised that in law II was no assent, and
that thew have never been directors. j.
". Hinsdale. Hon. D. q. Fowle, W. Il.
Pace. and 4. ". Haywood represent
the aboYe-namcd directors as counsel.
One of the directors informed your
CORRESPONDENT tins afternoon that
the new directors had reason 10
believe that the bank was in a
rotten condition year ago when the
bank-examiner made tue official eXamina-
ton. and they say this fact will be brought
out. II is evident that there are great
legal complications ahead, which Will all
70 to make this affair sensational.
Orange Presbytery had $500 on de- |
post IN the bank. 1t is stated tonight !
that one bank has lost $780, coo and an !
other 5000 Both OF these are north !
orn banks.
The bank smash has not affected the !
Raleigh tobacco market. Business Is /
good. Buyers closed up their ranks, and !
are paving the highest prices. Public |
sympathy Is general and sincere for the !
deserted families of the abscondinG pre- |
sident and cashier.
Tonight Bank-Examiner Tate said to |
your correspondent: All special deposits |
have been examined and found intact. |
Nothing Of the kind was disturbed. So |
are also the collatclals 10 discounted pa |
per as far as We have gone. The money |
gotten by Cross and White was upon !
loans and advances made 10y the banks |
at q distance sent by express and |
the New York Exchange, which !
they cot cashed The situation Of |
affairs Is not as bad as had been re- |
ported on the streets. The creditors Of !
the bank will be inconvenienced but |
will eventually get part, if not all, OF !
their money. Such is the more cheer |
ing statement made by Colonel Tate. II
is learned tonight that kilograms were |
received this afternoon from both Cross |
and White, and that the former is Mt To- |
ronto and the latter at Montreal, Canada. |
News was received here this evening |
that the authorities of Columbia, 5. c.,
have arrested and have in jail in that !
city a MAE answering the description OF
Walter l.. Bingham, the murderer of
Lizzie Il. burlington, near Cary, IN this
county, in December, 1856.
Elizabeth Moore, a young white
woman, is in Jail at Shelby, charged
with leaving her newborn babe out
doors last Thursday night until it was
frozen to death.
George W. Sexton was shot and killed
by Joseph Lee IN Allegheny county.
Sexton had gone before the grand jury as
a witness against Lee, and the latter
hearing of this waYlaid him, crept behind
him, and shot him twice through the
body and then fled. He was pursued
and captured, and is in jail.
The supreme Court has affirmed the
decision OF the lower court that Stephen
Freeman, of New Hanover county, must
hang for burglary. Governor Scales will
issue the deatL-Tarrant fixing the date of
the execution.
Dsniel Biggs was to-day convicted at
Wilmington Of burglary and sentenced
by Judge Meares to be hanged May Sth.
The rain ceased last night. 1t had
fallen almost increasingly for three days.
The streams are all high and floods IN
the larger streams further east will GER
tainly be reported by the end of this
week. The work of the farmers is again
considerably delayed.
The trial OF Daniel Biggs (colored) for
burglary capital crime in this State
began at Wilmington yesterday. He
committed the crime. it is charged, on
the I'd day Of the present month, enter
ing the house of Laura Johnston (co-
lored) 10y forcing the door.
A military company of tifty-iive men
vas organized Monday night at Ashe- !
VILE Ii will be in the Fourth regiment. |
The new COMPANY at Greensboro Will /
be armed tomorrow by the Quarter !
masier-General.
Interest deepens in the immigration |
convention or conference at Hot Springs !
on the 18th OF April. Governor Scales /
and other gentlemen who have deeply at |
heart the best interests Of the State feel |
taat much good may result from this /
great movement. 1t is the greatest at
tempt ID the direction of a diversion OF |
the current of immigration southwark, |
aud, coming after the terrible experiences |
of the past winter in the West and North, |
ought 10 have the best results
AT last the papers are coming out for I
theig iayorites for the Democratic nomi. /
nation for Governor. Ii is a sign that /
tho active campaign is opening. The /
Newbcrne JOUTH0t attracts attention by |
its earnest championing of the claims Of |
Ex-Governor Jarvis. 1t says the east de- |
mands hrs nomination. Judge ID. q. |
Fowle, OF Raleigh, is the candidate of a
number OF papers.
Yesterday at Charlotte ground was
broken for the Ada cotton mills one Of |