Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-03-08
BANK OF LEXINGTON.
THREE PERSONS INDICTED "
THE SPECIAL GRAND jury.
Ffsgatt, GoAwin. ana Irvins-rhs
TIVE Latter nsiled--A Discovery u
$4,000 4. ovsrdr.ns ~ Q. W.
Irvine q Co.

LEXINGTON. VA. March 7~-fSpeciaL)
The special grand jury investigating the
wrecked banks Affairs after being c.vset-
ed for four days returned the following
indictments to-day:
C. NJ. Figgatt. on three separate counts.
for embexziement and grand larceny. end
two additional counts for making false
statements Of the condition OF the bank
OF Lexington; r. X. Goodwin. the book
keeper. on two separate counts, for
making false entries as clerk Of the hank.
and Charles w. Irvine, on three separate
counts, for receiving money. knowing the
same to have been embeszled and stolen.
The grand jury stated that they had
concluded the investigation. and were dis
charged by the Judge. The grand jury
examined In all about thirty witnesses.
including the banks directors and ofii-
GERS, ]. X. Edmondson. trustee. J. w.
McClung, c. W. Irvine, and others. trcm
town and county.
GAVE BAIL.
So soon as the grand jury was dis
charged Judge Grattan directed the Clerk
C. w. Irvine. returnable at once. They
appeared In court. and gave bond for
their appearance on the second day Of the
May term, which is the 7th day Of May, to
stand their trial. Bond was furnished BY
each to the amount OF 5000.
IRVINE & CO.
A discovery was made by ]. w. Nc
Chung, book-keeper for J. X. Edmondson.
trustee OF the Bank Of Lexington, which
involves c. W. Irvine as being party
with Figgatt in defrauding the bank. In
the mass OF pass-books. which FOR some
days have been piled Up In the bank by
depositors for examination and verifica-
ton by the trustee, were two books OF
G. w. Irvine Il Co. The company OF the
firm Of c. w. Irvine 4 Co. was known
to be none other than c. M. Figgatt. and
II was known that F1ggatt and Irvine had
been intimately associated In business
transactions. especially In speculations at
Buena Vista. They covered q period OF
four years. beginning in 1890. and In them
were all the checks given In that period.
s5l.e0.
A careful examination Of them showed
that c. w. Irvine & Co. were indebted
to the bank for the sum OF a little over
s5l. .500 $4,000 OF this amount being over
drafts OF C. w. Irvine & Co. All these
checks were signed In c. w. Irvine's
handwriting. The amounts deposited by
c. W. Irvine & Co.. as shown by the pass
books. were not verified by the bank
ledgers, as Is usually done, but by an
examination Of the bank 'scratcher''
the amounts withdrawn by checks. as
shown by the pass-books. were verified by
the checks OF &. w. Irvine 4 Co., as
found on the books. The "scratcher"
showed that c. W. Irvine a Co. deposited
from time TO time very different sums,
from what were made to appear on the
bank ledger and c. W. Irvine & Co.'S
pass-book.
FALSE ENTRIES.
The ''scratcher'' on a certain date
showed. deposited. $500. by G. w. Irvine
a. Co.; the bank ledger and the c. w.
Irvine a Co. pass-book. as filled up at
the bank. made 1t appear that on that
date the deposit OF C. w. Irvine n Go.
was $500. SO, on other dates, by prenxing
n figure, a deposit amounting to hundreds
OF dollars was increased to thousands. ana
by this method OF prefixing figures G. w.
Irvine & Co. were made to appear TO have
credit on the bank ledger and their pass
book for s5i.jO0 which they had never
deposited. and their overdrafts. 1mount-
ing to the sum of s5l.5c0. were covered
upon the bank ledger and C. W. Irvine A.
Co. pass-book.
How these pass-tooks ever got 10 be on
the table OF ]. X. Edmondson. trustee.
In not known. No books are wanted or
expected there which show. as these did.
that they were evenly balanced. and that
the bank owed their holder nothing, and
the holder owed the bank nothing.
AN OWNERSHIP.
c. W. Irvine. however. recognized an
ownership in them. for on Tuesday night
he sent two different messages to Colonel
Edmondson, and asked for possession OF
the books. Colonel Edmondson declined to
give them up.
The actual Indebtedness OF the account
of c. w. Irvine & Co. to the bank Is some
thing over fifty-one thousand five hun
dred dollars: $4,000 Of this amount was
overdrafts, made by the checks signed
in the handwriting OF c. W. Irvine. The
balance-something over 81, 5eo-was a
teller's check, drawn to c. w. Irvine q
Co. by c. NJ. Figgatt, cashier. for the
amount Of which examination showed tha'
the firm owed the bank.
DECLINED TO ASSIGN.
Colonel Edmondson had interviewed q.
w. Irvine. and demanded that he make
an assignment Of property for the bene-
ft of the bank to cover the overdratts.
Irvine replied that 1t was a mistake about
his making overdrafts. and declined 10
make an assignment.