Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-02-20
THE LOOTED BANK.
FURTHER DISCLOSURES A RESULT
OF THE INVESTIGATION.
Total Amount Due Depositors and
hanks, s2l:,siG-Figgatrs Actual
Defalcation, e15O,2OO-The Irvine
and Staub Decentralization

LEXINGTON. VA, February 1a.--(Spe-
cial.)-The investigation Of the collapsed
Bank OF Lexington's affairs continues. An
additional shortage Of $4,000 was discov-
cred to-day. This makes the total amount
due depositors and other banks. as dis
covered up to date, to be s2i2.6l6.2s The
assets remain the same, S33, as
formerly reported. The shortage due de-
positors has reached to the amount of
$4,000. A private memorandum-book was
found to-day, which showed deposits
amounting to $500. which were not on
any Of the bank books. The total deficit
as taken by Figgatt Is sl5s2Oo. IL all the
bondsmen are held liable the depositors'
shortage will be covered. The exact state
Of affairs as to how many different sets
Of bondsmen will be brought into the
present state of affairs is not to be deter
mined at present, for intricate questions
arise as to when and what periods his
stealings cover.
AMOUNT LIABLE FOR.
The amount his bondsmsn are liable for
Is $1,000. The trustee OF the bank issued
a call for deposit-books and the bank desk
Is filled with them. Examination OF these
books and n comparison with the ledgerS
has brought to light the additional short
age. and 1t may yet reach a greater sum.
Figgatt In his last statement to the di-
rectors previous to his fight made the
amount due depositors S0,6il, while the
trustees report showed s206. i02. His state
ment showed cash deposits to be 3,5s5S5,
and the bank books on the day the bank
closed showed $22.2Hl2 The trustees re-
port showed cash on hand s5,5IS.l2. also
$500 in vaiueless tickets. There was
800 cash tickets, of which there was
absolutely nothing TO be seen or OF no
value. This shows that Figgatt made
way with before his departure $500.
Among the rumors current on the streets
was one to the effect that the absconding
cashier had left valuable papers to be
delivered to two prominent citiZens-Mr.
Charts W. Irvine and MIR. j. A. Straub.
THE PACKAGES.
Investigation of these rumors reveals
the following facts: On Saturday morn
ing two large, sealed packages. addressed
To the aforementioned persons, were de-
livered to them. Mr.. Irvine opened the
package bearing his name, and found the
contents to be several negotiable notes,
and deed OF trust on Buens Vista lots,
In which he and Mr.. Figgatt were mu-
tually interested; two bonds. and cur
rency TO the amount of his last two de-
posits in the bank, amounting TO Sl.lW.
with the tickets OF deposit. Not word
accompanied this package. Mr.. Straub
found the package addressed To him 10
contain Rockbrdge county bonds ana
cash to nearly the amount of the balance
due him in the bank; the total amount
being $500. Nr. Straub had asked Mr..
l.
some time before, and the bonds were
accompanied by note saying: Il bought
these bonds for you several weeks ago.
and have lately charged the amount 10
your account"
NOT CREDITED.
These gentlemen. after ample considera-
ton, sent for Mr. J. L. Campbell, presi-
dent Of the bank. and stated the case 10
him. and told him that they held the
packages intact. Upon examination of
the bank books II was found that the
two deposits had never been credited
to Mr. Irvine. and that Mr.. Straubs ac-
count was charged with the amount In the
envelope. Both of these gentlemen re-
auested the President OF the bank to
make a full and detailed report of the
foregoing facts TO the Board OF Directors,
which has been done.
that unless money was borrowed the
county schools would have TO be closed for
want of funds, and that there was large
number OF outstanding warrants which
had not been paid. His deposits in the
bank were the second largest, amounting
TO $1,000. The Virginia Military Institute
vas the largest depositor. and had 81 900
there. The Governor to-day. at the re-
quest of the Commemorative Attorney
here, offered reward of 500 for Figgatt' 5
arrest. His contingent fund for such
emergencies was not sufficiently large for
him to make 1t more.
ALARMING AMOUNTS.
Figgatts individual paper. with promi-
nent men as endorsers. is coming 10 the
surface In alarming amounts. His
method in this direction was 10 borrow
money and tell endorsers that the notes
had been met after u certain time.
He kept up the interest on all, and the
holders were satisfied with their invest
ments. Now they are pressing them for
payment, and the strain to meet them
has telling effect
The situation in the town and county
continues the same; large crowds con-
tinue to fill the streets and the ever-ab-
sorblng theme of conversation is the cap
ture of the fugitive and how much Will
be realized to pay depostors. The excite
ment runs as high as ever, and not even
the blooms" caused as much.