Peoples Bank (Portsmouth, VA)

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THE BANK SOLVENT Portsmouth Institution Expected to Resume Business Soon. [Special to The Times-Dispatch.] NORFOLK, VA.,- November 3.-Beyond the slight flurry of interest always occasioned by a banking institution closing its doors, there has been no excitement as a result of the Peoples' Bank, of Portsmouth, suspending business through the fact that it could not secure sufficient cash at the time to meet an unusually heavy run of creditors. The bank is believed absolutely solvent, with a credit that cannot be questioned, and the depositors are calmly waiting the time for the institution to resume business. Nobody doubts that every depositor will receive dollar for dollar, and the slight financial storm is expected to blow over within a few days.

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CASHIER WRECKS BANK

Norfolk, Va., Nov. 11.-The People's bank of Portsmouth, which suspended several days ago, went into the hands of a receiver to-night on petition of directors who gave out a statement that the bank had been made insolvent through defalcations of the cashier

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Receiver For Virginia Bank

Norfolk. Va., Nov. 11.-The - People's Bank of Portsmouth, which suspended several days ago, went into the hands of a receiver tonight on petition of directors who gave out a statement that the bank has been made insolvent through the speculations of the cashier.

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CASHIER BUSTED BANK

1 NORFOLK, Va., Nov. 11-The Peoples' Bank of Portsmouth, which suspended several days ago, went into the hands of a receiver tonight on the petition of the directors, who gave out the statement that the bank had been made insolvent by the defalcation of the cashier.

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BANK CASHIER IS DEFAULTER NORFOLK, Nov. 11.-The People's bank of Portsmouth went into the hands of a receiver tonight. The cashier had defaulted.

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Bank Wrecked by Its Cashier

Norfolk, Va., Nov. 12.-The People's bank, of Portsmouth, which suspended several days ago went into the hands of a receiver last night on petition of the directors, who gave out a state ment that the bank Is insolvent through a defaleation of the cashier.

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RECEIVER THERE Cashier of Virginia Bank Which Closed Several Days Ago Misappropriated Funds. Norfolk, Va., Nov. 12.-The Peo. ple's Bank of Portsmouth which closed its doors temporarily several days ago following a run on it during the financial crisis went into a receivers hands last night after an inspection of examiners developed the fact that Cashier Alex Butt had misappropriated funds and falsified accounts. A meeting of the directors was called and the permanent closing of the bank on account of insolvency was posted on its doors. John T. Griffin, of the Merchants & Farmers bank of Portsmouth was appointed as receiver.

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THE CASHIER TO BLAME

Norfolk, Va. Nov. 11.-The Peoples' Bank of Portsmouth, which suspended several days ago, went into the hands of a receiver tonight on the petition of the directors, who gave out a statement that the bank had been made insolvent through the defalcation of the cashier.

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Cashier Broke the Bank

Norfolk, November 11.-The Peoples bank of Portsmouth, which suspended several days ago, went into the hands of a receiver tonight upon petition of the directors, who gave out a statement that the bank had been made insolvent through defalcation by the cashier.

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Cashier Went Wrong Norfolk, Va., Nov. 12.-The People's Bank of Portsmouth, which closed its doors temporarily several days ago following a run on It during the financial crisis, went into a receiver's hands Past night after an inspection of examiners developed the fact that Cashier Alexander Putt had misappropriated funds and falsified accounts. A meeting of the directors was called and the permanent closing of the bank on account of Insolvency was posted on its doors. John T. Griffin, of the Merchants and Farmers Bank of Portsmouth, was appointed as receiver.

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Portsmouth, Nov. 13.-A. T. Butts, cashier of the People's Bank. which suspended payment ten days ago, is sick at his home. where he has been ever since the institution's doors were closed.

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Virginia Banker Arrested

PORTSMOUTH, Va., December 18.Alex B. Butt, cashier of the People's Bank of Portsmouth, which suspended November 1 and subsequently announced an alleged falsification of books and misappropriation of funds by the cashier, was today arrested upon a warrant charging falsification in one count to the extent of $24,000. The accused was admitted to ball in the sum of $10,000.

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Bank Cashier Arrested

Portsmouth, Va., December 18.-Alex B. Butt. cashier of the Peoples' bank of Portsmouth, which suspended November 1 and substantially announced an alleged falsification of books and misapplication of funds by the cashier, was today arrested upon a warrant, charging falsification in one count to the extent of $24.000. The accused was admited to ball in the sum of $10,000.

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PORTSMOUTH CASHIER ARRESTED FOR FALSIFYING ACCOUNTS PORTSMOUTH, VA., December 18.Alex. B. Butt, cashier of the People's Bank. of Portsmouth, which suspended November 1st. and subsequently announced an alleged falsification of books and misappropriation of funds by the cashier. was to-day arrested upon EL warrant charging falsification in one account to the extent of $24,000. The accused was admitted to ball in the sum of $10.000.

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VIRGINIA BANKER ARRESTED

Portsmouth, Va., Dec. 18.-Alexander - B. Butt, cashier of the People's Bank of Portsmouth, which suspended recently, was arrested to-day upon a warrant charging falsification in one count to the extent of $24,000.

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CASHIER BUTT ARRESTED

Virginia Banker in Accused of Falsifying. Portsmouth, Va., Dec: 18.-Alex B. Butt, cashier of the People's Bank of Portsmouth, which suspended on November 1st and subsequently announced an alleged falsification of books and misappropriation of funds by the cashier, was today arrested upon a warrant charging falsification in one count to the extent of $24,000. The accused was admitted to bail in the sum of $10,000.

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Cashier Charged with Falsification

Portsmouth, Va.-Alex B. Butt, cashier of the People's bank of Portsmouth, which suspended Nov. 1 and subsequently announced an alleged falsification of books and misappropriation of funds by the cashier, has been arrested upon a warrant chargIng falsification to the extent of $24,no. He was admitted to bail.

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Bank Cashier Arrested

Portsmouth, Va., Dec. 19.-Alexander B. Butt, cashier of the Peoples Bank of Portsmouth, which suspended Nov. 1, and subsequently announced nn alleged falsification of books and misappropriation of funds by the cashier, was arrested upon a warrant charging falsification in one count to the extent of $24,000. The accused was admitted to ball in the sum of $10,000.

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Petition in Bankruptcy

[Special to The Times-Dispatch.] NORFOLK, VA., March 9.-W. W. White, a Portsmouth grocer, filed a petition in bankruptcy to-day. Liabilities $1,469.50, assets $1,250. The petitioner, who had $200 deposited in the bank, declared that the suspension of the People's Bank is responsible for his embarrassment.

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VIRGINIA NEWS

T. C. McConchie has been appointed postmaster at Remington, Fauquler county.

The Culpeper Bryan and Kern Club has contributed $106 to the National campaign fund.

The Bryan-Kern-Lamb Club, of Richmond, has contributed $250 to the National Democratic campaign fund.

The last speech of the campaign in Richmond was delivered Thursday night to a large audience at the Academy of Music by ex-Gov. A. J. Montague, supporting Bryan.

Mr. and Mrs. Richard Hunter Dulany, of Grafton Hall, Fauquier county, have announced the engagement of their daughter, Miss Rebecca Anne Dulany, to Frederick Ferguson McElhone, of Washington.

The report of Receiver Griffin of the People's Bank, Portsmouth, shows a shortage in the accounts of Cashier Butt of $549,884. Butt is now serving a sentence of three years in the penitentiary for misapplying the bank's fund.

Corporation Commission has issued a charter to Culpeper Grocery Company (Inc.). Culpeper; S. E. Booker, president; J. C. Smith, vice-president; L. F. Smith, secretary and treasurer-all of Culpeper. Capital: Maximum, $25,000; minimum, $10,000. Objects: Wholesale grocery business.

Matthew Morton, deposed clerk in the water department of Manchester, who was to have gone to the Corporation court to testify against the former superintendent, C. H. Sharpe, charged with many peculations, stabbed himself four times with a big knife and died within an hour of the time for him to go on the stand to testify. The grand jury had indicted Sharpe on several counts, but there were no charges against Morton.

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Bermuda to Celebrate Ter-Centenary.

Hamilton, Bermuda, By Cable.- An influential committee of leading citizens has been elected for the purpose of celebrating the ter-centenary of Bermuda. The proposed program, which will occupy six days, commences April 12th next. Among the distinguished guests it is proposed to invite are the Prince of Wales, President Roosevelt, Earl Grey, the Governor General of Canada; Admiral Sir John Fisher, Sir Archibald Allison, at one time Colonial Secretary of Bermuda; Lieut. Gen. Sir Henry Geary, of the British army; Claude A. Swanson, the Governor of Virginia, who is a descendant of Sir George Somers, the Governor of Jamaica; the Commissioner of Turks island, Samuel L. Clemens (Mark Twain), James Gordon Bennett, H. H. Rogers and St. George Tucker.

Cashier Butt Short a Half-Million.

Norfolk, Va., Special. The report of Receiver Siffin, of the Peoples Bank at Portsmouth, shows a shortage in the accounts of Cashier Alex B. Butt of 549,884. Butt is now serving a sentence of three years in the penitentiary under a plea of guilty of misapplying the bank's funds.

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VIRGINIA BRIEFS NORFOLK, VA.-Special. - Judge Bain, in Portsmouth, yesterday entered an order authorizing the receiver of the defunct People's Bank to accept $57,800 in settlement of all claims against the directors, who offered the sum mentioned as a compromise.