The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1895-05-01
SIXTY THOUSAND DOLLARS SHORT
The oIurchants and Farmers Bank of
| Charlotte, the Victim.

CHARLOTTE, \. c., April 22.-Cash-
ier J. R. Holland of the Merchants
and Farmers National Bank OF Char.
lotte, is defaulter to the amount OF
$50. 900 OF more.
Bank Examiner Miller has been here
for several days and says he Will re-
main for at least two weeks longer: 1t
was he who discovered the defalcation.
Mr.. Hollands speculations have been
carried on for eight years and he has
managed till the last few days to hide
them from discovery. The exact
amount of them is not vet fully known.
No man in Charlotte has in the past
been held in higher regard or been
more fully trusted than Mr.. Holland,
and the whole city was greatly sur
prised and shocked to hear of his en-
bezzlement. He has not yet been
placed under arrest, at the request of
the directors of the bank, he agreeing
to waive all examination in case pro-
ceedings are begun against him. He
has never made the slightest effort to
escape.
Week before last Bank Examiner
Miller stopped at Gastonia on his way
to Charlotte. He examined the Ma
tional Bank there thoroughly and
knew every bank with which it had an
account or money loaned. He found
that bank in good condition and came
on to Charlotte. The first day he
spent at the Merchants and Farmers
Bank he discovered, on looking over
Cashier Holland books, where he had
loan Of $4,000 marked to the Casio
MIA bank. He called Mr.. Holland up
and asked if that was correct. He said
YES. Mr.. Miller made mental note
of the fact. He next proceeded to look
over the cash. He found it short just
81. That was easily accounted for and
paid in.
That night Mr. Miller left. No one
asked where he was going, it being
supposed that he was through his ex-
aminations and had gone somewhere
else on the same errand. He had gone,
but only to return. He took the 10: :4O
train for Gastonia, rung up Mr.. Jen-
kins, the president of the bank, and
told him he wanted to look over his
books again. Mr.. jenkins wondered
what was up, but said little. No loan
of s., 900 to the Merchants and Farm
ers' Bank was found.
Mr.. Miller said: You have loaned
the Merchants and Farmers Bank OF
Charlotte $4,000, Of which there is no
record. :"
NO" said Mr.. Jenkins, Il have
not.
That was the beginning of the end.
| Mr.. Miller said nothing more, but
came back to Charlotte the next day:
HE appeared at the Merchants and
| Farmers Bank and said to Mr.. Hol
land that he might have made mis-
take in counting the cash the day be,
fore and believed he would count il
again. Instead of finding it only 81
short, he found it s16, 900 short. Mr..
i Hollond, as was his custom, had bor'
Irowed $500 to put to his cash while
the examiner was there, but thinking
he had finished and departed, and thai
he was safe at least for another year
| he withdrew the $751; and returned
it to the party from whom borrowed
Seeing that all was lost, he confessed
to President McAden that he was de
faulter, and the sad story OF his tal
became known. :,
The Merchants and Farmers BanE
is perfectly safe, havinga sufficient re
serve fund to cover all losses.