The times. [volume] (Richmond, Va.) 1890-1903, 1896-02-16
IENiNGroN,s BdNK CRASH.
Inc Anniversary of Cashier Tiggat's ABB
sconding-A Dividend.

LEXINGTON, VA, Feb. i5.-spcciai.-
To-day is tho first Anniversary OF the
great bank crash here that startled the
country. on the l1ih of FEBRUARY lSss
{. ~. Figgat for thirty years cashier
OF the Bank OF Lexington. LETT here on
the =. 81. train with a Jcket for Hinton.
w. Va, en- route 10 a small station on
the Chesapeake ana ONO railway. where
DE had "a large interest i'm a paying Goa!
mine lie announced that he would be
absent for week. and as ne had taken
these trips annually. and no. a breath
of suspicion had ever been breathcd
against INN. nothing was thought OF his
trip. lie arrived al Balcony RATS, where
Doe me, friends an route 10 Lexington
from tho West and East Iie took tho
Fcst- bound train. and arrived at Clifton
Forge, where he took supper at the
Gladys Inn. and from that point went
west on the f.. J.. y. train. February
10Th. So. Nalenuns Day. at $3.50 A. A..
the people OF Lexington were startled TO
hear tlct the Bank OF Lexington was "a
wreck. and that Fggat the cashier.
mad occampcI with an the available
funds Tho amount secured by the de-
faultng and absconding cashier was. in
round numbers Ny3,Ow, about $4,000 of
tho amount being stock. the property OF
trust funds. widows and orphans, and
others whose all Il was. IIggat, after
several weeks, was traced 10 Cincinnati,
Ohio. but after that al traces OF him
were lost. and up TO this time not one
word has been heard from nina. Ills
Wife assured several friends some weeks
ago That she had no idea of ms where
ah0uts. and had never received one word
from him. AS % result of TINS bank
failure. our courts are fun OF litigation
and what win be the final result no one
can tell. The home OF the cashier has
been broken mp and sold, as has all or
his other property, ana his insurance uite
goes 10 creditors. Goodwin, mo DOCK
keeper and brother-in-Lw. is in the peni-
ontciary for four years, and the old Town
still severely feels the erect of The iail-
ure i'm every line of business. ON the
9th OF next month life-inturance poheY
Of ircgats Will mature Tor a large sum.
This Will 90 TO creditors.
Duriug the past several days heavy
rains have fallen. and the local streams
are swollen 1he farmers cannot no"
complain Of lack of moisture.
Judge j. r. Edm0ndson, assignee OF
tho Bank OF Lexington, announces lha1 nc
viii nav another dividend soon OF ten per
ccnum on the amout due the oeposi'oIs -
which will make ga an paid 90 per cent
such remarkable results from the wreck
/ of tho Bank of Lexington speaks louuer
thau words of the high business ana eN-
! ec,ttve ability OF The assignee. ~ is prop
able that there Will bc other olNioenus
later On in the wind-up OF the oid paNN
afaiIs. ..., 40,
ybe Lexington public schools VIII not
c-oso tds session until june lst. inns
was made possible 10y an aaaiioha4 "p-
preparation. ,..,, ..-o,o,.e,
aI- Charles Pole has been re-elccle co
chief of tho Lexington FIRE bepaft m,nl'
Mrs. III. DE-. Myers IS VISITING ieiauN'9
in Charlottesville Va. -..,.... n,,.,
Miss Mary Moore Is visiting MISS
Anna Tavlor. IN Salem. Va. g.
Mira. John T.. lewis ana MISS .'i"i y,
lewis. of Clark county. are guests oi
NIss Ireeland. ...,.... ,f.
air. T.. Il. Correli Jr IS WISHING ms
! i,,-,+rrr Professor :. "a. Correl, o. Nahe
1 Forest College, y. g. NV nt
/ Mr. Harry l.. Rhodes Is AZ 'ne W.,
a. a. convention at Portsmouth as tn'
deleeato from Washington ana l-o' '''-
NJ and Mrs. John ". Barclay 90 OF
thfs nlace. Thursday celebrated inc ni''-
/ e., arn,versary of their marriage Ihey
,.',rc married M winchester Nv unu
81 tool, two weeks 20 make me UP ''n
tnat place 60 this point, no" maui
"a uttlc over one day.