The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1898-04-09
REQUISlTION Is GRANTED
NEHEGAN AND LATHAM FOR
EMBEZZI4E1NIT
WILL Be ARRESTED THIS MORNING
II Is Expected Thht They VIII Resist the tttNt
10 Take Them Back--May Sue Out
Habeas Corpus Papers, Officers
Here Yesterday.

Unless they are able to secure their
liberty by suing out a habeas corpus
the wreckers of the Abbeville. tGa.h
bank-H. Thos. Latham and James u.
Michigan, of Tarboro-will have to go
back TO that State to answer for the
crime with which they stand charged,
Yesterday morning William Nj.
Gates. agent for the State Of Georgia.
and Fall Reynolds, one of the victims
of the bank failure arrived here and
made application TO the Governor for
rendition warrants. Late yesterday
afternoon they were granted, and last
night the men left ON the O'Clock train
for Tarboro to bring back their men.
They contemplate little trouble in ap-
pretending Michigan and Latham. and
getting them back to Georgia. As previ-
ously stated in this paper, the people
at Abbeville think they have II strong
case against these men, and will push
the prosecution to the end
The sheriff and an attorney came here
two weeks ago and arrested them, but
had TO release them on account of a
defect in the requisition papers-no
criminal charge being made. This time
the charge of theft after trust is
made. This is a felony in Georgia, and
is equivalent to a charge of embezzle-
ment in North Carolina.
The story of failure of the bank was
related to a reporter of this paper on
March 23rd. by Mayor Holton, of Able
vile. as follows:
The men came to Abbevile about
February 1st," said Mr. Holton, with
strong letters of recommendation and
opened negotiations with Mr.. Potter, a
gentleman who owned and managed a
successful private bank in Abbeville.
After a few days of negotiations Mr..
Potter made d proposition to sell them
the bank. His proposition was accepted,
Potter taking out his original capital,
leaving all the deposits and nearly al
the securities in the bank, Michigan aGd
Latham paying him for the notes kept in
the bank, it is supposed, out Of the de-
posits.
1.-THE bank under the management of
Potter" says Mr.. Holton. had the con-
fidence of the people of Abbeville and of
banks and bankers throughout the coun-
try.
1T was known as the Bank Of Able
Vile. and the people of the town extend
ed TO its new owners and managers the
same patronage and confidence" but ae
cording to Mayor Holton, 1T was conf
dence and patronage wofully misplaced.
The bank under Michigan and Latham
had only been running forty-three days
when on Sunday night. March 18th, Mr..
Holton. being ii lawyer. was called upon
by Latham and told that he wanted to
make an assignment, that Michigan, the
president was in Tarboro. but he had
power of attorney from him to sign the
assignment. and that the papers must he
drawn that night Mr.. Holton sug-
gested that they wait until Monday, but
Latham declared that there were assets,
money, collateral, ETC., in bank sufficient
to Pay all claims and that settlement
could be made within sixty days.
Mr.. Holton finally drew up the papeps.
Il gentleman If Abbavilla was named MS
assignee Latham gave the assignee the
safe combination and told him where he
would find everything.
I'VE expected that Michigan would re-
turn. that Latham would be on hand and
that matters could be soon adjusted"
sdiu MT. T1OitDli. Uut NHeH hoiiudg
came Latham was gone and there was
nothing from Michigan. / went with
the assignee to the bank; we tried to
open the safe but the combination had
been changed; the day book showed a
deposit of 81 400 on the Saturday before,
"a 81 200 remittance on Friday, 81, 800 a
few days before and other sums thar
had been received. When we finally got
u e.. xIxv IN
money, mostly in small change, and but
little collateral that was Of value
1t is pretty certain that Michigan and
Latham will not return to Georgia, if
they can find any legal means to pre-
vent it.
m IA NTIc COAST LINE EsycEpTS