The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-07-23
REPORTS OF THE EXPERTS
SHOW WHERE THE MONEY PROM
THE ROsIN RECEIPTS WENT.

All OF II said 40 Have Been Account
ed for in the Investigation OF Mr..
McCaII's Books-The Question Now
between the :. r. and W. and the
BnnkS-A Liberty County Gentle
man who Wanted 20 Give bond
for Reeve Up 20 s1O.OOO-Twitty
and Reeve May Give Bond After
The Indictments Are Found.
The investigation by experts into the
books OF the business of Mr.. Francis ].
Mccall has progressed Ear enough. it is
stated, TO give more definite idea Of the
situation as regards the fraudulent rosin
receipts issued from the Savannah, Flori-
da and Western railroad and the money
that was obtained on them.
The question now seems to be between
the banks. which hold not only the special
receipts. but other collateral and the
railroad, which has never in any way. so
far. admitted IFS liability. In the list Of
banks the Savannah Bank and Trust Com
pany seems 10 hold the least number Of
special receipts and the greatest amount
Of collateral whilst the Chatham Bank
and the Southern Bank are both fully pro-
tected.
The railroad. Il is understood, insists
that il shall be protected by having re-
turned 10 Il its special receipts, at least
any fraudulent receipts, while the banks
insist, though they are fully protected,
that they will manage Mr.. McCalrs bust
ness and pay the railroad after their own
indebtedness has been cancelled. and this
is the pivot upon which everything now
hinges.
The business OF Mr.. Mccall, as appears
from the report Of Mr.. William L. Wilson,
and as corroborated by the report Of the
expert IN the employ Of the railroad, IS
perfectly solvent, and as regards the evil
dence from the books. It is said, each OF
the reports will show that all Of the money
realized on the demand loan account,
which was operated almost entirely on
these fraudulent receipts, went into and
was used IN the usual course OF the busi-
ness OF Mr.. Mccall.
amount has been taken out Of that bust
ness, either by Mr.. Twitty or Mr.. Reeve
or any one else, and the trial balance,
which mas been said to be 500 short, is
admitted to be between $3.50 and 800 more
than Is called for on the books. There
are no stubs. no check books or no trans
actions with any bank which show any
Withdrawals OF any money by Mr.. TWltty
as attorney of Mr.. Mccall other than In
the legitimate transactions OF the busi-
ness between MIR. Mccall and his connec-
tions. The public are still trying 70 solve
the apparent mystery as TO why Mr.. !
Twitty raised this money for Mr.. McCalfs |
business without some consideration or
without having any interest in the bust
ness whatever.
A well-bmown gentleman OF Liberty |
county was in the city yesterday and |
saw Mr.. Joseph A. Cronk and Judge A. |
II. MacDOnell with reference TO going |
II sal ~ q no. nv
tent OF $4,000 but Of course these gentle |
men referred the matter to Judge William |
D. Harden and Mr.. L. II. McLaws, who |
represent Mr. Reeve.
Mr.. Twltty's friends are ready and pre- |
pared 10 give as large an amount of bail |
as may be required after the indictment |
is found which Will be tomorrow after |
noon; but II Is stated that Mr.. TWitty's |
friends want a trial as soon as possible |
and are prepared 10 present facts which |
VIII at least change many phases OF this |
remarkably peculiar case.
There have been number of callers at |
the jail to see Messrs. Twitty and Reeve |
so many, II Is stated. that the sheriff has !
been obliged to enforce the rules and al /
low none but relatives and attorneys to |
visit them. Twitty's friends deny that |
he has ever written any letter as cur |
rently reported, as to Mr.. McCalrs posi- |
tion, but say that after his arrest Mr.. |
Mccall called to see him at Justice Rus |
sells Office, whore he did give him a let !
ter expressing his regret at the result and /
taking the position that he was perfect |
~ willing to share or stand his part in |
the matter, and that everything he had |
done was for the interests of the bust |
ness.
Messrs. w. r. Leaken, u. II. McLaws
and Judge Harden are confident that their |
clients Will be at least placed in a better
position than they now occupy, when all
the facts come before the grand jury and
before the public. 1t Is stated that those
who are charged with the offenses in
n ct n tlasa
verdict, whatever it may be.