The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-07-17
FOR MAKING FALSE RECEIPTS.
COLLISION CHARGED BETWEEN n.
ID. TWITTT AND ~. VI. REEVE.

tent of About S36.OOO Hypothe-
Gated at Different Banks-Repre-
scented over 1000 Barrels OF
Rosin aRd 020 OF spirits-ReeN
Had Charge of Making Out the
Receipts at the savannah. Florida
and Western wharf Twitts
Charged with Being Concerned
in Making Them and with Hy-
pothecntiuE Them-NeIther Gave
bond, and They Were sent 20 Jail.
r. d. TNitty and H. II. Reeve were are
rested yesterday on warrants sworn oui
before Justice Waring Russell, Jr.. catrs-
sng them with making fraudulent receipts
for naval stores with intent Go irfIau1
the Savannah. Florida and Western Rail-
way Company.
Three warrants were sworn our against
each Of them the aggregate OF naval stores
being Loo barrels of ros.n. for which false
receipts were given according 10 the war
rants. ana bond vas fixed al 5000 in ca -a
case. or a total of $3.50 each They were
unable 10 give bond and were sent 10
jan
Mr.. Tw.tty has been for years book
hEEIiEI
I. Mccall. a We'll known naval stores fac
tor on Bay street and Mr.. Reeve has for
q long time held the position Of chief
clerk and bookkeeper for the savannah,
Florida and Western under Mr. stephen
4. Harris. assistant agent. whose office
is on the Savannah. Florida and Western
wharves
Nothing was known OF the fact that
there had been any fraudulent receipts
for ros.n until day before yesterday, when
q new set Of books was opened up at the
Office on the wharf At that time Mr.. A.
l. Rees, accountant Of the Savannah,
FLORIDA and Western. took hold OF the
books. went through them. and soon dis
covered that something was wrong. He
reported the matter. and il is stated that
Reeve practically admitted there had been
some irregularities. il was then that fur
Their Investigation Of the matter was made
and Il was discovered that quite NUM-
Der OF fraudulent rosin and spirits re-
ceipts had gone out from the office.
When consignment OF rosln or tur-
pentine is received for a naval stores fac
Tor a warehouse receipt Is issued for the
stun, and the factor can then take this
receipt and hypothecate IL at bank Tor
certain percentage OF the Naiue OF the
property II represents. These receipts, ln
other words are practically as good as
The money OF as the property Itself, and
the banks take them and advance money
on them every day. They must, how
ever, represent the actual property which
is on the wharf OF In the warehouse.
In the cases against Twitty and Reeve
there were three warrants issued against
each party. The warrants were sworn 10
by Mr. T. +. YeOmans, local agent of the
O. L.
Reeve with fraudulently making a special
receipt for 1000 barrels of rosin with
intent to defraud the railroad. This re-
ceipt was alleged to have been made July
II. and the corresponding warrant against
Twitty charges him with being concerned
IN making such a fraudulent receipt. The
second warrant charges Reeve with maxi
ing a fraudulent receipt for 800 barrels OF
rosln with intent TO defraud the railroad.
and a like warrant was issued against
IWitty, charging him with being concern
ed in making such fraudulent receipt.
The two warrants charged that the re-
ceipts were made July II. They were
placed in the hands of Con-
stable W. ]. Britt as soon as they
were issued, which was shortly af-
ter noon. He went at once TO Mr.. Nc
Calrs office with Constable ]. f. Constan-
tine. where they found Twitty and
brought him 10 Justice Russelrs office.
They then went out TO Mr.. Reeves 4ssl-
dence on OFT street near DUFFY, where they
IOuuu MIN ana Drought MN IN. BoNu par
ties were in Justice Russells office by 2
o clock.
Justice Russell fixed the amount of the
bond at $1,000 in each case and IL was
then that Reeve began stirring around TO
see If he could find a bondsmdn. AS soon
as this was known Mr. Yoemans Swore
out two other warrants, one charging
Reeve with making a fraudulent receipt
for 800 barrels of rosin, with intent to de-
fraud the railroad and the other charging
Iwitty with being concerned In the max
ing of such fraudulent receipt. This rails
ed the amount Of the bond TO a total Of
5000 in each case, and no further effort
was made at that time to secure bonds
men.
1t was stated by several parties who
were interested in the matter In one way
or another that the road was determined
dhey should not give bond, and that II
bond had been given under the warrants
issued others would have been imme-
diately sworn out, so that the aggregate
amount of bond required would have been
a large one. This, Of course, would make
IL just so much more difficult for the de-
PENDANTS to give bond.
1t Is alleged that there was collision
between Reeve and Twitty, and that the
FORMER made out fraudulent receipts for
rosin which did not exist, while the lat
ter, who holds a power OF attorney from
Mr.. Mccall, hypothecated the re-
ceipts at different banks, drawing large
sums of money of them. The receipt from
the railroad is prima facie evidence TO the
bank that so much rosin is stored with
IL to the credit of the party to whom
The receipt is issued Under these circum-
stances il is a very easy matter to get
the banks to advance money on such col
lateral
Ii Is estimated that several banks of the
city haxe advanced from $4,000 to $36. 900
on such trauludent receipts of rosin which
have been issued from the Savannah,
Florida ana Western wharf One bank
advanced about $4,000 on such receipts,
the Chatham Bank $500 or more
while the amount advanced by
the Southern Bank. with which
Mr.. Mccall did business, could not be as
certained. The banks of course are all Sc
cured. Messrs. Erwin, duBignon &
Chisholm, attorneys for the Savannah
Florida and Western, would give no in
formation as to the amount of money ad.
Nanced on these fraudulent receipts They
We're busily engaged yesterday in secur-
Ing information as 10 the amount of such
receipts held by the banks
The losses on the fraudulent receipts
We're all figured up last night and it was
practically determined just what the sta.
tus of affairs is. The fraudulent receipts
- represented something over l1,000 barrels
OF rosin ana 920 barrels of spirits of tur.
Ientine. The spirits is valued at about
so barrel, making S13S00 on that item
alone. The 11,000 barrels of rosln were