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SUSPENDED.-1t is reported that the Page county Bank of Virginia, at Luray, Page abouty, suspended payment on the 20th inst. Ph. Baok is 8 State bank with a capital stock of $10 000. H. J. Smoor, President, and B. F. Grayson. sr., cashier. The liabilities and assets are not given. The Bank had correspondents in this city.
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BANK FAILURE.-The Page County Bank, at Luray suspended last Thursday. The cashier locked the safe upon a new combination, and disappeared. He is supposed to be a defaulter, but to what amount has not been ascertained. It is rumored that he confessed that he had lost $7000. belonging to the bank in individual speculations. It is also reported that his default will reach the sum of $25000. These reports are not to be relied upon, but it is certain that the bank has failed and that depositors and stockholders will lose heavily.
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REPORTED BANK SUSPENSION.-The Alexandria (Va.) Gazette says: It is reported that the Page County Bank of Virginia, at Luray, Page county, suspended payment on the 20th instant. The bank is a State bank, with a capital stock of $10,000-H. J. Smoot, president, and B. F. Grayson. Sr.. cashier. The liabilities and assets are not given."
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FAILURE OF A BANK.-The Alexandria "Gazette" says that the Page county Bank of Virginia, at Luray, Page county, suspended payment on the 20th inst. The bank is a State bank, with a capital stock of $10,000. H. J. Smoot, President, and B. F. Grayson, Sr., Cashier. The liabilities and assets are not given. The Woodstock "Herald" has the following additional particulars: The Page County Bank, at Luray suspended last Thursday. The cashier locked the safe upon a new combination, and disappeared. He is supposed to be a defaulter, but to what amount has not been ascertained. It is rumored that he confessed that he had lost $7,000 belonging to the bank in individual speculations. It is also reported that his default will reach the sum of $25,000. The Page Courier received last night says that it is "Doc" Grayson a son of the Cashier, who embezzled the funds of the bank and that the amount gone is from $14,000 to $19,000.
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SUSPENSION OF THE LURAY BANK -As already announced in the Gazette, the Page County Bank of Virginia, 8 saving institution established at;Luray in 1872, suspended payment on the 20th instant. The Page Couriersays: "The immediate occasion for the suspension was the inability of the Bank to meet 8 $1100 draft of the Woodstock Bank, the cashior of which, Mr. Borum, had, for some days, been fearful that there was something wrong. On Thursday evening he sent Mr. Hass, a special agent of the bank, to demand the payment or protest of the draft, which he did, and was informed by B. F. Grayson, jr. Assistant Cashier, and who, it sesms, had had exclusive control of the affairs of the bank, that he was not able to meet the draft. Dr. Smoot, the President, then went to see the Cashier, B. F. Grayson, senior, B. F. Grayson, jr., accompanying him and romarking to his father that "the Bank is broke and I ain & ruined man." A meeting of the directory was called at once and the condition of the bank canvassed as fully as the meagre in. formation to be obtained from the Assistant Cashier, who seemed dazed and overwhelmed, would allow. After 8 short meeting the board adjourned with the promise from the Assistant Cashier that ho would next day prepare 8 full statement of the condition of the bank, the cashier and directors up to this time having little idea of its real status. On Friday morning Grayson, the Assistant Cashier, went into the bank for the purpose of protesting the Woodstock draft, and leaving the building has not been seen since, though his family assert that he is still in the county. It is conceded by all parties that the condition of the bank is due solely and entirely to the misappropriation of its funds by "Doc" Grayson, though how he could have omployed so large asum as the deficiency is thonght to be, no one as yet knows. It appears, however, that for some time ho has been speculating in Now Vork stocks, frome of those cut throat and remorseless Brokers who advertise such large returns from small investments, and who are all doubtless unmitigated scoundrels, ever on the alert for the unsuspicuous and unwary. It is feared that his default is large, though no accurate statement can as yet be made, owing to the fact that the elegant safe in which are locked all the books and papers, has so far resisted all efforts to open it. An expert from Baltimoro has been telegraphed for, bat WO cannot tell when he will arrive. The embezzlement is estimated at from $14 000 to $19,000, though of course the ultimate loss will not be SO great, as the bank has known assets amounting to from $7,000 to $10,000, and possibly others which access to the books may reveal. On Friday "Doc" Grayson executed to bis fa. ther a aeed of trust covering all his effects, which Mr. Grayson at once assigned to the bank. There 18 thought to be 8 small amount, about $000, in the The indebtedness of the bank is principally to home depositors, and in some instances the loss will fall upon persons little able to bear it. A meeting of the stockholders and creditors has been called for Tuesday, the 1st day of July.
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THE LURAY BANK SUSPENSION.-The Luray (Va.) Courier confirms the report of the suspension of the Page County Bank of Virginia, at that place, and attributes the trouble to the misappropriation of the funds by the assistant cashier, B. F. Grayson, Jr., who. it says. has not been seen since last Friday. It is claimed that Grayson lost the money of the bank speculating in stocks through New York brokers. The Courier says the embezzlement is estimated at from $14,000 to $19,000, though the ultimate loss will not be SO great, as the bank has known assets amounting to from $7,000 to $10,000.
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SUSPENSION OF THE LURAY BANK.On last Friday morninga week, the Page county Bank of Virginia, in Luray, a savings institution established in January, 1872, suspended, in consequence of the misappropriation of its funds by the assistant Cashier, B. F. Grayson, Jr., who has executed a deed of trust covering all his effects to the Cashier, his father, who at once assigned it to the Bank. The embezzlement is estimated at from $14,000 to $19,000, "though, of course, the ultimate loss will not be so great, as the Bank has known assets, amounting to from $7,000 to $10,000, and possibly others which access to the books may reveal.
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Gov. Holiday, of Virginia, has removed the political disabilities of Robert C. Ould, sentenced to jail in Buckingham county for shooting W. M. Saunders. Young Ould is a son of Judge Robert Ould, of Richmond. Bishop Thomas U. Dudley has been elected chaplain of a military organization in Louisville, Ky. In a letter accepting the position, Bishop Dudley writes: "Tell the company if they are sent to war, which God forbid, T will go with them." Ex-Gov. Curtin, of Pennsylvania, expresses the opinion that the Democratic Presidential nomination will be secured by either Bayard, Tilden or Thurman. whilst his opinion is that either Grant or Sherman will be the choice of the Republicans. The Alexandria (Va.) Gazette says: "It is reported that the Page County Bank of Virginia, at Luray, Page county, suspended payment on the 20th inst. The bank is a State bank, with a capital stock of $10,000. H. J. Smoot, president, and B. F. Grayson, Sr., cashier. The liabilities and assets are not given. Shelby Aurora: King's Mountain is improving as fast as any town in Vestern North Carolina.-We learn that Grigg, who killed William Wilson, at Cherry Mountain, on the 14th instant, has left the State. -A half witted man named Daniel McCall was run over and killed by the train on the Air-Line Railroad near King's Mountain on Monday night, the 16th inst. The Greensboro Patriot says Mr. W. T. Delancey, of Guilford, died last Saturday from injuries sustained from a fall from a cherry tree. He had been plowing in the field last Thursday, and climbed the tree to pluck some cherries, slipped and fell upon his head and shoulders, injuring the spinal column. He went home and in a little while complained of feeling chilly, and grew worse till Saturday, when he died. Oxford Free Lance: At a full meeting of the Board of Directors of the Oxford & Henderson Railroad, held on Saturday last, Mr. R. W. Harris, the so-called Treasurer of the Company, was requested to attend. He was then informed by the Board that it was not desirable to have an officer who was opposed to the enterprise and doing all in his power to belittle their bonds. Mr. W. G. Herndon was thereupon unanimously elected Treasurer.-During the session of the annual meeting of the State Teacher's Association, at Chapel Hill, on the 2d, 3d and 4th of July, Mr. James H. Horner, of this place, will deliver an address on "Language, the Instrument of Thought."
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THE PAGE COUNTY BANK.-We learn from gentlemen just from Luray, Page county, Va., that the president and cashier of the bank at that place, which suspended last month, will, it is thought, assume the liabilities of the assist ant eashier, thereby preventing any loss to the depositors or stockholders. The liabilities will amount (i) about $18,000.
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The Page County Bank at Luray has saspended because of a misappr ropriation of funds by the assistant cashier, B F. Grayson, Jr The Courier says the emb zzlement is estimated at from $14,000 to $19,000, though the ultimate loss will not be 80 great, as the bank has known assets amounting to from $7,000 to $10.000. Mr. Grayson speculated in stocks and lost money that did not belong to him