Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1895-02-22

Dirk Hlet 0iOHudy duu clldHR6u ttl6 same lHGO
. bank of deposit, also to carry on general
banking business. The name was changed to
the Bank of Rockbridge." It has paid up
capital stock of $65, 900, and is in a sound
financial condition. Col. James K. Edmond
son is the President. Mr.. VIM. P. Irwin was
rendered the position Of cashier.
FIGGATT TRIES TO TAKE CARE OF TWO
FRIENDS.
Among the rumors current on the street
since the failure of the bank was one to the
effect that the absent cashier had left packa-
ges of considerable value to be delivered to
Mr.. e. w. Irvine and Mr.. j. A. Straub. An
investigation of these rumors sho wed the fol-
lowing to be the facts of the case:
On Saturday morning two large sealed en-
vellopes, one addressed to e, W. Irvine, and
the other to j. A. Straub. were delivered at
Irvine's hotel Mr.. Irvine opened the package
bearing his name, and found the contents to
be several negotiable notes and deed of
trust on Buena Vista lots, in which he and
Mr.. Figgatt were mutually interested; two
bonds and currency to the amount of his last
two deposits in the Bank of Lexington, with
the tickets of deposits. Not word accompa-
MED this package. Mr.. Straub found the
package addressed to him to contain Rock
bridge county bonds and cash to nearly the
amount of the balance due him in bank Mr..
Straub had asked Mr.. Figgatt to invest his
money for him, and the bonds were accompa-
MED by note saying: Thought these bonds
for you several weeks ago. and have lately
charged the amount to your account
These gentlemen, after ample considera-
or I I Eomnho11 kof
the bank, stated the case to him and that they
held the packages intact. Upon examination
of the bank books it was found that the two
deposits had never been credited to Mr.. r.
vine, and that Mr.. Straub's account was
charged with the amount in the envelope.
Both of these gentlemen requested President
Campbell to make full and detail report of
the foregoing facts to the board of directors.
The value of these amounts makes something
like $500. If current reports be true there
are other amounts in the hands of other gen.
tlemen left by Figgat, which will show up in
a few days.
THE DEFAULTING CASHIERS LAST OFF
CIAL STATEMENT.
The statement given the board of directors
by Cashier Figgatt at the regular weekly
meeting of the board, Saturday. February
9th, when all accounts are examined week
ly, is as follows 1913, $685.. The bank books
at close of business on Thursday, 14th, show
ed, "Cash and cash items Of $22, 244.12. j.
K. Edmoudson, assignee, finds: Cash, S.
1882; cash tickets, 81, 1920. The facevalue
of the cash and cash tickets found by him in
making the examination was $13, 661. 33 There
were sc, 959.O1 of valueless tickets. There
was $S, 582 II cash and cash tickets of which
there was absolutely nothing to be seen of
value or of no value. The inference, and the
just one, is that the IS. 1921 was made away
with by Figgatt Just before his departure, OF
carried with him. OF the cash items report
ed by Edmondson, as found, and of value,
1000 was made up of drafts drawn against
dividends in coal stock companies at Rush
Run, W. Va, and which dividends will fall
due in few weeks. 1t is suggested that these
drafts represent 81 900 taken from the drawer
by Figgatt Thursday. If so, it is to be infer
red that he had taken at that time. or within
the few days preceding, that amount in addi-
ton to $S,582.71 mentioned above.
MISCELLANEOUS NOTES.
The fact that some of the stockholders in
the Quilted bank very recently disposed of their
holdings, is meeting with severe criticism
from the people.
President Campbell of the bank, says the
surety bonds of Cashier Figgatt will yield, he
thinks, about $65, 900, which, it realized, will
give depositors say sixty-fve cents on the
dollar.
Mr.. Robert K. Goodwin, the brother-in-law
of Figgatt, and assistant cashier of the bank,
was arrested Monday, and while $500 bail
was required, he promptly offered bail to the
amount of nearly $4,000. The arrest was
made on vague sort of charge that he was
cognizant of what Figgatt was doing and had
demonstrated with him.
e. W. Irvine, a prominent business man,
was depositor, stakeholder, on the official
bond of Figgatt. and on all of Figgatt's pri-
vate paper as endorser, and will probably be
ruined.
The bank officers have offered reward of
$500 for the capture of Figgatt, and Governor
Q'FeFrall has supplemented that by $500.
The Lexington Gazette of yesterday under |
the heading, ''Some currency still left
says: "One of our merchants told us to-day
that he had collected $500 since last Thurs
day morning.
Lexington Gazette: "Messrs. w. P. Hous- |
ton and W. T. Shields, Commissioners, sold
the John H. Willmore tract of land contain.
ing 22eI acres on Feb. 43th, to Mr.. q. W. 4r=
vine for 81 1901