The times. [volume] (Richmond, Va.) 1890-1903, 1895-02-19
THE LEXINGTON BANK WRECK
The Citizsrs Wrought Up and a Mass
Htetlns Held.
SHORTAGE WILL REACH $4,000
Mr.. Robert X Goodwin Cashier figgatt's
Assistant and hroiher-in-Lsw Arrested.
Reward for the Fogitives' Arrest.

sensational development in the Bank
of Lexington dcfalcation took place late
Saturday night. after the telegraph office
here had closed. It was the arrest OF
MIR. Robert X. Goodwin, assistant cashier
and broiber-in-law Of The absconding
cashier. c. NJ. Figeatt. charged with
6nving known for rome time OF the sys-
tenatic "kiting' OF accounts by Cashier
Siegatt. lie was paIed in the sum o1
$500 and he gave SSO pJ. The congTega ions
al tho churches yesterday were small
and those out plainly showed the eitect
OF the great financial calamity That mas
oVerswept our little town. All day the
streets were bllcd with people. discuss
Ing the sensation. which was cnfiVehed 10
n high pitch when II was reported that
Cashier Flggatt had returned. OF course
IL was only an C.Ipty rumor. In some
OF the churches prayer was offered for the
innocent and afflicted family, who bear
the sympathy OF all
To-day the weather was bright. and the
county people began early TO arrive in
crowds from al sections Of the county
20 confirm the reports of the bank clash,
aud during the entire day the streets
were crowded as is usual on County
Court days. The people were worked up
10 a high pitch Of excitement and threats
and mutterings against Fisgat and the
hank officials were heard on every hand.
and had Cashier Fiegat been on the
ground u IS possible violence would have
been melted out TO him
MAss-MErTING HrLD.
3 4 nazs-neeiine Of town and county
people at the courthouse at noon, to take
action 10 relieve the strain on the situa-
ton. the following resolutions were
adopted:
Resolved THAT a cOmmttc Of seven be
appointed. who shall represent TO the an
thorties that II IS the sense Of this meet
ing that tho Governor be al once re-
quested to offer reward for the appre-
hension OF &. NJ. Figsatt, the defaulting
cashier.
Resolved. THAT the committee be au-
t6crized to RESPECTFULLY request Judge
Houston to call a special grand jury to
be composed Of the best citizens of Rock
bridge county. who shall thoroughly in
vest.gate the affairs o. the Bank of Lex
inPtOa.
Resolved. That this committee shall be
authorized TO take such steps which may
be necessary 20 bring to justice those re-
spoons bic for Us failure
The following committee was appointed:
VI. W. Paxton. \. u. Estill. j. +. Temp
kins. j. j. L. Kinnear. Tate Sterrett. -.
u. Mcfluns and {. 4. Graves.
me. clVli authorities are active in their
efforts 10 capture Cashier FiGgatt They
are hot on bis trail and il is probable
tnat before THIS gets in print he viii
be IN the hands Of officers The bank
officials have offered n reward of SlCD
for his capture. and the Governor was
wired to-day to supplement that from the
State funds.
DFsCRIrTIoN or FIGGATr.
6. NJ Iiggatt is about five Ces; ten |
inches, and would weigh about 10 hounds: |
fun suit of hair, slightly Hinged with |
grey fun beard and moustache same: !
average two an a half inches long; face
nabbily bloated from drinking: ordlna-
rily talked On = z mild. mumbhng tone |
with rotng infection; wrote smooth, |
clear 6ledi. walked slightly stopped; head |
70 ..t,1cfT nung; age. about hfty-fve or |
sixty; when talkiIr5 moves uneasIiy as IA |
10 turn around.
President Campbell. of tie bank, says |
tho surety bonds OF Cashier Figgatt VIII |
yield he thinks, about s6j,093, which, II
realized will give depostCrs say sixty |
five cents on the dollar.
The pass-boOks and Ger ihcates OF de-
post were called ian to-day and It IL
feared the amounts thus represented VIII
he far i'm excess of the ledger accounts
making the shortage greater than at frst
reported.
an ugly rumor went the rounds to-
\day. ana has caused big how. !. e:
What FiSgatt before leaving sent sealed
packages OF money TO a number of FER
sons In the town.
FFFFCr 81 THE CRASH.
The failure financially swamps some Of
our best business men, who we're de-
posito.s and stockholders In the bank,
ana suEetes on the official bond and en-
dCrsers \On the private paper of F'iggat.
Widows And orphans are left destitute,
ladies' wiN their all IN bank stock are
penniie s., hush Css men without a dollar
To meet OBLIGATIONS and confidence gone,
and many of the merchants forced to
enforce strictly cash TO all. Students of
Washington and Lee University with
funds in the bank have no means 10 pay
expenses.
\ sad feature Of the crash Is that much |
OF the stock of the bank was held by
ladies whose only income it was. The
fact that some of the stockholders in the
bank very recently disposed OF their
holdings, Is meeting with a severe criti- !
Cism from the people.
AH effort j. being made to make the |
Rockbrdsc Savings Bank bank Of de-
posit. TO relieve the situation. The bust
ness interests must have some financial
agency, and that quickly
CASHIER FIGGArI's ASSETS
The deed OF assignment made BY Fig
gait was In favor of the sureties and
not the bank. as first reported In il is q |
iA' iiiF NA AhhN fhlN up LOT Ten thousand |
dollars The whole valued at. say $4,000
He owned an interest in coal mine ga
the New River district. on the Chesa-
pcakc and Ohio railroad, in West Nr-
einia, possibly worth $4,000.
Those IA pCsitioR TO know. say that in
tcresiine developments will show up IN
the next few days. Some think II Figgatt
Is captured and brought here he will inn
piicatc others in the iefaication outside
OF the bank. hut this is only speculation
An examination of thu accounts OF the
Virginia Military Institute, had to-day.
shows the dcfalcation TO be $1,000 larger
than at first reIorted-Sljj0n. instead OF
$500.
Losses il Saunto1 hv the rash.
STANTON VA. Feb. 19.-One Of cur
citizens was caught for 81 son by the bank
swindler in Lexington, bank here tor
seen. and other parties are said - nave
been caught by the same attractive bank
stock which paid II TO Is per cent an