The times. [volume] (Richmond, Va.) 1890-1903, 1895-04-24
SHORTAGE OF OVER $4,000.
Cashier Holland, Of the Merchants and
Farmers National Bank, aDeiaulter.
BANK EXAMINER HlLLER'O EXPOSURE.
A shrewd Examination on the Part OF 'n'
Oficer Discloses the Peoulatlon-"r'
Hol and Confessos But Has Not
Ms Yet Been Arrested

CHARLOTTE, n. c.. April z5'-Cashier
7 p Holland. OF the Merchants and
Farmers National Bank. OF Charlotte Is
a defaulscr 70 the amount Of SSO'VO or
more. Bank Examiner Miller has been
here for several days and says he VIII
remain for at least two weeks longer.
II was he who discovered the defalcation.
Air. Hollands speculations have been
carried on for eight years past, ana ne
has managed tIll the last few days TO
hide them from discovery. The exact
amount IS not yet fully know.
n, man in Charlotte has In the past
,oen held ia higher regard or been more
.ullv trusted than sir. Holland, and the
whole city was greatly surprised and
shocked 10 hear of his embezziemcnt. He
has not yet been placed under arrest, at
the request OF the directors Of the bank,
De agreeing 10 waive all examination i'm
case proceedings are begun against him.
He has never made the slightest effort TO
escape.
HOW 1T WAS DETFcrrD.
a few days ago Bank Examiner Miller
stopped al Gastonia. on his way to Char
loiie lie examined the National Bank
thoroughly, and knows every bank with
which II had an account OF money loan
ed lie found that bank in good condi-
ti0n. ana game on 10 Charlotte. Tho FIRST
day he spent at the Merchants and Farm
crs Bank he discovered, on looking over
Cashier Hollands books. where he had
loan OF 5000 marked 20 the Gastona
Bank. He called AIR. Holland UP, and ask
"a n that was correct. Tie said Yes
Mr.. Miller made a mental note Of the
fact He next proceeded TO look over
Ha e.
lar. That was easily accounted for and
paid. That nignt Mr.. Miller left No one
asked where he was going, but supposed
no was through his examination, and
gone elsewhere on the same errand. lie
had gone. but only 10 return He took the
10 so train for Castonia, called on Mr.
jenkins the president Of the bank, and
told him he wanted TO look over his
books again Mr. Jenkins wondered what
was up bat said little. He and Mr.. Miller
spent the night going through the books
No loan Of 5000 to the Merchants and
Farmers Bank was found. Mr.. Miller
said.
'NOu have loaned tho Merchants and
Farmers Bank. OF Charlotte 5000, OF
which there is no record"
NO" said Mr.. Jenkins. II have not"
That was the beginning of the end.
CASHIER HOLLAND coNFTssTs.
AIR. Miller said nothing more. but came
hi ok TO Charlotte the next day. lie ap-
peared at the Merchants and Farmers
Bank and said 10 Mr. Holland that he
might have made a mistake in counting
tho. cash the cay before, and believed he
III i count 10 again. Inst aad OF finding
ifolI one collar short, DE found 80 Si5,-
81 Lhrt. Mr.. Holland. as was his GUS
tom. had borrowed Sl6.oo0 10 put to lis
cash whiio the examiner was here. but
thinking no had finished and departed
and that hc was safe az least for another
year. be withdrew the $4,000 and returned
u TO the party from whom he onowcd.
Seeing that all was lost he confessed 10
President McAden that he was a default
cr. and the sad story of his fan became
known. The Merchants and Farmers
Bank is perfectly SAFE having sufficient
reserve fund TO cover all losses.