The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-02-20
.FlGGATTS FALSE FIGURES.
THE GRAND TOTAL or MS STEAL
FROM THE BANK si5s,2OO.

His system of Juggling With the Ac-
couuts OF the DepositOrS Most sys-
tematic and Far-ReachtnE-The
Fugitive sends Packages Contain
ing $4,000 to Two Of the DepOsitors
With Whom lie Was on Friendly
Terms.
Post from Lexington. Va. SAYS: "Presi-
dent John L. Campbell Of the pundered
Bank OF Lexington gives the following
figures as result of the last Investigation
Of the board of directors: Due from all
sources (same as previously reported
Sl53. 252; liabilities. due depositors and
banks and bankers. S2i2. 6i6.2S. This makes
an additional shortage Of $4,000 over that
previously reported i'm the statement Of
the board Of directors made Saturday,
which was s65.2J0. now making the short
age in sight, S79s)o due depositors. which
with the $4,000 representing the capital
stock of the bank runs mp the steal TO the
grand total Of Sl59.2o0
There was found a private ledger OF
S5oo0 representing individual deposits
which are not of record in the banks
books at an. This amount is included in
the deficit given above.
As "a result of the notice posted yes
terday by the bank officers requesting all
pass books of deposit and certificates Of
deposit TO De handed I'm for comparison
with the banks books, a large majority
OF the depositors have promptly respond
ed and bank books are stacked head high.
ln the examination OF these books and a
comparison of their entries with the
banks regular set of books IL Is found that
the shortage viii be materially increased.
"Figgatts system OF falsifying the ac-
counts OF the bank was most systematic
and Wide reaching in its effect. covering,
10 is believed. almost every account kept
with the institution. Here Is sample OF
his system: 4 deposition would deposit
say Si00 against which he would check
say sl4. leaving q balance Of $3.50. When
the directors would examine the books
for balances they would find Sl0o to the
credit of the deposition with the 81 raised
Go Slii. leaving a balance on The books OF
1856. i'iggatt having pocketed $500 Ac-
counts we're thus manipulated balanced
and revoked from time to time. and all
checks We're promptly returned each
month. The directors had no way OF
checking the balances
con Saturday two large. sealed envel-
opes. one addressed to e. W. Irvine and
the other 20 J. A. Straub. We're delivered
al the hotel Mr.. irvine opened the pack
age bearing his name and found the com
tents 90 be several negotiable notes and
a deed Of trust on Buena Vista lots In
which he ana Mr. Figgatt were mutually
interested. two bonds and currency TO the
amount OF his last two deposits in the
bank of Lexington, with the. uclSets Of de-
posit. Not a word accompanied this pack
aye.
Mr. Straub found the package addressed
to him to contain Rockbridge county bonds
and cash TO nearly the amount OF the bal
ance due him in bank. Mr.. Straub had
asked Mr.. Fggatt to invest his money FOR
him, and the bonds We're accompanied by a
note, saying: II bought these bonds for
you several weeks ago, and have lately
charged the amount to your account
These gentlemen. after ample consid-
Grafton, sent for Mr.. Campbell. president
OF the bank stated the case to him and
told him that they held the packages in
tact Upon examination Of the bank
books it was found that the two de-
posits had never been credited to MIR.
Irvine. and that MIR. Straub's account
was charged with the amount I'm the en-
velope Both of these gentlemen re-
questod President Campbell 10 make
fun and detailed report of the
foregoing facts to the board
of directors. The contents of the
envelopes are valued at $1,000. If current
reports be true, there are other amounts
in the hands of other gentlemen left by
Ifggatt which will show up in few
days.
Sheriff witt Is on the track of the
fugitive cashier. but the hopes raised
here Yesterday that the authorities would
soon land him in jail seem to have gone
glmmering Some think Figgatt is on
his way to Europe.