Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1901-07-20
THE C. & r.. BANK SHORTAGE.

IhpCll % IL aohC"y WIZ wac 6P-
pointed some months ago to examine
into the affairs Of the Commercial and
Farmers Bank Of Rock Hill, and who
filed his first report at the spring term
of the court, filed the following addi-
tional report on Wednesday,, and it
was agreed that he complete his labors
in the matter and receive as compensa-
ton the sum Of $1,000:
BY reference to an exhibit of assets
and liabilities as SHOWN by the bank
books, filed with my former report, 1t
will be seen that after adding all in
come to the stock subscriptions paid IN,
and after deducting all expenses and
dividends paid, and allowing all indebt-
edness shown by said books, there
should still be on hand for the stock
holders, $43,017.69, besides furniture and
fixtures. And If the assets should hold
out as shown by the books, and as list
ed by me therefrom, there would be
that much for the stockholders.
In my said report I stated a num-
ber Of alleged shortages and I have
given much time and attention to the
question whether they really exist. I
now take up this item again:
I. "Cash, all short. 10y 6,346.If.
The receiver still claims that he got
no cash at all when he took charge.
II. "OVerdrafts ...........$ 10,lI6.64.
Many of them disputed"
1 exhibit with this report statement
showing:
/. List Of notes agreeing
with those turned over to
the receiver, footing up. .$1O5, ,94S 6O
ceiver says he never GOT. 1881 So
r s,% ~f ,4ka INV
against the same payers,
but the amounts different:
8. AS shown by the books. 5,142 70
ceiver ........................ 1875 81
to receiver, not on books. 1861 80
Total of all notes turned
over .....................$l ,lS5 Al
Atlantic National Banks S,1S4 g."
Denied as to. 7,129 49,"
This should have been reported as
s,1S4.64, all of which was denied, and
a counter claim of $2,055.50 made, max
ing the alleged shortage $11,240.1S, in
stead Of $7,129.18, an error caused by
inadvertently taking s2,O55.50 from 49,
1S4.6S, instead Of adding them.
wrote the said bank for its accounts
for such parts Of 1t as was not In
the receivers hands-and then made
out a reconcilement sheet. herewith
filed, showing:
c. &, F. Bank debts not cred
tied and Atlantic National
bank debts not credited. .$103,60s 40
C.. G. F. Bank credits not
charged and Atlantic Ma
tional bank credits not
charged NEUTRALITY-SUSPICIOUS.. 91,3b8 ZO
Difference .................$ II, ,240 IL
After preparing like statements as to
all the other banks mentioned In my
former report, except the two Char
lotte banks. which will be filed here
with, last Thursday night, which was
as soon as I could get them prepared,
1 mailed the Atlantic National bank
statement, asking for their items Of
debit and credit not on C. G. F. books,
and received an answer that they
would be furnished in about a week.
I have not prepared the statements
to the Charlotte banks, because have
not received their accounts, though
asked for.
If I am to continue this work shall
send the statement out promptly. I
wanted to hear from the Atlantic Ma
tional bank, and complete that item
before taking up the others, and then
send the statements out all at once.
All the reconcilement sheets prepar-
ed show the same discrepancies as
stated in my former report.
When I offered in my last report not
to charge for any time in excess Of one
month that I might have to take to
complete the work, had no idea that
there was so much asked of me; and
1t was only in preparing the reconcile
ment sheets that I found out the ex-
tent Of the work. I respectfully ask to
be allowed to complete the work on such
terms as may be just, and If 1t is not
to be completed, that I be paid at the
same rate per diem heretofore fixed
for the excess Of the time spent in that
direction.