Daily press. [volume] (Newport News, Va.) 1896-current, 1909-09-16
Richmond Juflsl Ready 10 Make
Known Findings h Savings
Bank Case.
UNUSUAL INTEREST N SUIT
pspesitors Of Wrecked Institution
Are Endeavorins to Recover Full
Amount Of Their Deposits From Of
fie.rs and pircctors-tiistory Of
Case Recalled.

Judge Ingram, OF the Law and
Chancery Court of Richmond, has
written TO Judge Barham that he viii
come here In October to announce hrs
decision In the suit of the depositors
against the officers and directors OF
the wrecked Savings Bank OF New
port News to recover the full amount
of their deposits. In his letter to
Judge Barham. Judge Ingram does not
name the date on which he will render
the decision. but he probably will
come early in October. He requests
that Judge Barham notify the attor-
here next month.
No civil suit ever brought In a court
in this city has attracted as much
local interest as this one and Judge
Ingram's decision will be anxiously
awaited by the several hundred de-
positors in the defunct bank as well
rs by attorneys and bankers and the
public generally. That the case wilt
not end with Judge Ingram's decision
is a foregone conclusion. for 1t will
be appealed TO the State Supreme
side be the officers and stockholders
or the depositors.
About $4,000 involved.
The suit involves about $4,000 and
Is the outgrowth of the wrecking OF
the bank by its former president, Ir-
win Tucker, In Nav, 1906. The doors
or the bank were closed on the 25th
day of tina. month and an examina-
ticn OF the banks affairs the same day
disclosed the fact that Mr.. Tucker
was about $4,000 short in his ac-
counts. He had left note to the Of
fcers, saying that he was going
abrcal to recuperate his fortunes
and that he would pay the money
back as quickly as possible.
After reading the note. the officers
OF the institution swore out a war
rant for fuckers arrest and placed
It in the hands OF Chief Reynolds.
Although the cashier had been seen
ON the streets early that morning 1t
was thought that he had left the city.
Hoping to find some clue by which
he might trace the missing man.
Chief Reynolds went to fuckers
room On an upper floor of the bank
building. Just as the chief unlocked
the door. Tucker. who was inside,
blew his brains out with a revolver.
Receivers Appointed.
A receiver for the bank was ap-
pointed. Mr. J. A. willett being nam
ed by the court. Later Mr.. Wiilet re.
signed and Attorney Allan ID. Jones
was appointed. Following an exami-
nation OF the bank books. the deposi-
tors. through their atteronys, Captain
c. c. Berkeley. of this city and Hon.
a. Caperton Braxton. of Staunton.
brought suit against the officers and
stockholders TO recover the full
amount Of their deposits.
Owing to his close personal rela-
lions with some of the defendants in
the case. Judge Barham declined 10
SIT In the case, and Governor Swan
son appointed Judge Ingram, OF Rich
mcnd. as the trial Judge.
Took Dispositions For Nearly a Year.
The taking OF dispositions in the
case consumed upwards OF a year and
the dispositions were hled in the
clerks ONCE OF the Corporation Court
last winter Judge Ingram then came
mere TO hear the argument in the case
The attorneys afterwards submitted
written arguments TO the court and
since that time Judge Ingram has
been going over the evidence and the
argument.
IN their suit, the depositors aileg-
cd that the wrecking OF the bank was
brought about by gross negligence on
the part of the directors and stock
holders.