Article Text
MELLON REACHES BRITISH PORT Southampton, Eng., April W. Mellon, new American Great Britain, arrived here tonight aboard the liner Majestic. He decided to spend the night on the ship gave no statement on his arrival. Springs was foreman, declared that 'including the tied up in closed bank of Warm there of Springs, upwards of in the counoffice as of June treasurer's The bank of Warm Springs, Inc., of which Mr. closed its doors in president April That the loss exists and responibility for the loss were matters on which the grand jury reached jurors said early the greater portion of its and sessions today were devoted an effort to how the occurred and what person, if any. benefited. To Bolster Bank "We regret," the jury report declaras, "that we been able get definite results addition the loss in the Bank of Warm Springs, have covered evidence tending to show that Mr Venable used approximately of the county's money bolster the failing credit of the Bank of Warm Springs the balance, we have As far have been able as ascertain. the loss attributable directly and indirectly to the failure the Bank of Warm Springs. This failure obviously due mainly poor banking. We have found no evidence dishonesty but the records the closed bank are so confused and incomplete that we feel further investigation the past fairs of this bank by competent The items loss greatest this bank seem be connectto with transactions involved ing John McClung. the Bath County Oil company. ed by directors of the Bank Warm Springs The both bank and the rectors of the Bath County Oil company George VenByrd and could have and they told the history of the tions. Byrd dead The that Mr. Venable has destroyed all his checks stubs and kept no made efforts exceedingly difthe report concluded far could learned this evening. no definite official step has taken National Surety company Richmond make good the