The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1895-04-30
A SENSATION IN CHARLOTTE.
Nsshier Holland, of the Merchants and
Farmers Bank a Defaulter to the
amount Of $So,Ooo,-His Pecula-
tons Running for Years.

tlons Running for Years.
IRARLoTTE, N. O., April 23,-Cashier
=; H. Holland, of the MERCHANTS ord
= armers' National Bank, of Charlotte
e q to the amount of $50 OO0
u more. Bank Examiner Miller has
D9Gn mere for several days and saws he
VIII remain for at least two weeks
!pnger. 1t was he who discovered the
3eIalcatlon. Mr.. Hollands populations
nave been carried on for eight years
PasC' n he has managed till the last
lew DAY to hide them from discovery.
q exact amount of them is not vet
fully known.
No man in Charlotte has in the past
Deen held higher in regard or been
more fully trusted than Mr.. Holland.
and the whole CITY was greatlv sTr,
prlsed and shocked to hear of his en-
bezzlement. He has not yet been placed
under arrest, at the request of directors
of the bank, he agreeing to waive an
examination in 8 proceedings 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 National
Bank there thoroughly, and knew
every bank with which it had an &C
count or money loaned. He found that
bank in good condition and came on to
Charlotte. The fist day he spent at
the Merchants and Farmers bank he
discovered on looking over Cashier
Hollands books, where he had q loan
of S., 900 marked to the GastOnia bank.
He called Mr.. Holland up and asked if
that was correct. He taid yes. Mr..
Miller made a mental note of the fact.
He next proceed to look owe the cash.
He found it short just one dollar. That
was easily accounted for and paid.
That night Mr.. Miller left. No one
asked where he was going, but sup
posed he was through his examination
and gone elsewhere on the same errand.
He had gone, but only to return. He
took the 10:40 o'clock train for Gas
tonia, rDng up Mr.. Jenkins, the Presi-
dent of the bank, and told him he
wanted to look over his books again.
Mr.. Jenkins wondered what was up,
but said little. He and Mr.. Miller
spent the night going through the
books. No loan o S. 900 to the Mer
chants and Farmers bank was found.
Mr.. Miller said:
You have loaned the Merchants and
Farmers bank, of Charlotte, S., 900 of
which there is no record"
mo" said Mr.. Jenkins, 81 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 Farm
ers' bank and said to Mr.. Holland, that
he might have made a mistake in
counting the cash the day before, and
believed he would count it again. In
stead of finding it only one dollar short,
he found SIG, 600 short. Mr.. Holland,
as was his custom, had borrowed $16,-
900 to put to his cash while the exam
liner was here, but thinking he had
finished and departed, and that he was
safe at least for another year. he with
drew the SIG, 600 and returned il to the
party from whom he borrowed it. See-
ing that all was lost, he confessed to
President McAden that he was a de
faulter and the sad story Of his fall be
came known.
The Merchants and Farmers bank is
perfectly safe, having a sufficient re-
serve fund to cover all losses.
LATER Holland assured the bank
officials that he would stand his ground.
They trusted him. o. Tuesday night he
disappeared as efectually asif the earth
had swallowed him up. 1t has since
developed that he was a forger, as we'll
as defaulter. The amount of the short
age is now over $50, 900 and still grow
ing 1t was reported Saturday that Hol-
land has been located.