The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-04-24
A BANK CASHIERS BIG STEAL.
HIS ACCOUNTS FOUND TO DE 100000
SHORT.

The PecuIations Carried on for Eight
Years without DetecfiOn-A Loan
Charged Against a Bank Just Ex-
amined Catches the bank Exam
iner's Eye and Leads TO the Dis
closure of the RascaIity-BOrrOwe
Money Used ns a Blind.
Charlotte. n. c.. April 23.-Cashier J. r.
Holland Of the Merchants and Farmers
National Bank of Charlotte. is a default
er to the amount Of 10000 or more.
Bank Examiner Miller has been here
for several days and says he will remain
for at least two weeks longer. 1t was he
who discovered the defalcation. MIR. Hol-
lands populations have been carried on
for eight years past; he has managed. till
the last few days, to hide them from dis
covery. The exact amount Is not yet fully
known.
No man I'm Charlotte has I'm the past
been held in higher regard or been more
fully trusted than Mr.. Holland, and the
whole city was greatly surprised and
shocked to hear Of his embezzlement 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 proceedings were 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 Char
lotte. He examined the National Bank
there thoroughly and knew every bank
with which il had an account or money
loaned. lie found that bank in good con-
dltion, and came on to Charlotte The
first day he spent at the Merchants and
FARMERS Bank he discovered on looking
over Cashier Hollands books, where he
mad loan of 5000 marked TO the Gas
tOnia bank. He called Mr.. Holland up
and asked him " that was correct He
SAID yes. Mr.. Miller made mental note
OF the fact. He next proceeded TO look
over the cash. He found is short Just one
dollar. That was easily accounted for. and
paid in. That night Mr.. Miller left. No
one asked where he was going, Il being
supposed that he was through his exami-
nation and had gone elsewhere on the
same errand. lie had gone, but only TO
return. He took the 10.40 o'clock train
for Gastonia, rung Mr.. jenkins, the presl-
dent of the bank, up and told him he
wanted to look over his books again.
Mr.. Jenkins wondered what was up, but
said little. He and MIR. Miller spent the
night going through the books No loan
OF 5000 TO the Merchants and Farmers
Bank was found
Merchants and Farmers Bank of Char
lotte $1,000, 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 APP
peared at the Merchants and Farmers
Bank and said to Mr.. Holland that llc
might have made mistake in counting
the cash the day before, and believed he
would count IL again. Instead of finding
! only 81 short, he found II $4,000 short.
! Mr.. Holland, as was his custom. had bor-
rowed $4,000 to put to his cash while the
examiner was here, but thinking he had
finished and departed. and that he was
safe at least for another year, he with
drew the $4,000 and returned 1t to The
party from whom borrowed. Seeing that
all was lost, he confessed to President
McAden that he was a defaulter and the
sad story of his fall became known.
The Merchants and Farmers Bank IS
perfectly safe, having "a sufficient reserve
fund TO cover all losses