The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1905-10-25

into ctfi;e. Tue full statement OF tn
items discovered Is given elsewhere
|. O.e CT these was On Jan. Is. 1901
lst four days before d.. Timmermal
turned the cfics over to Ctp5. Jen
nings.
Mr. ZIMMERMAN S DISAPPEARANCE
There was scms delay in the prep
GRAFTON OF the warrant and Dr.. Bite
and Dr.. Tim herman, the t1o for ne
State 5reasurers, who stil have a very
sympathetic regard for Nj. Z.nner
nan, drove out to his house to pre-
pare him for what was coming aud tt
make final appeal TO him to clear uE
tie matter if it lay within his power
to 60 so. When they arrived at Mr.
4 mmernan's bone about noon they
were informed that he was at the in
surance flee OF Mr. S L. Miller They
drove without delay to the Office Of
Mr.. Miller and were informed that
Mr. zimmerman had just LETT. That
was about l o'clock and it was not
until O'Clock that the warrant was
placed 10 the bands OF Sheriff Cole.
man. AS soon as the warrant had
been sworn out, the news was made
,u5lic, and Mr. Zimmerman'S friends
IS well as the officers OF the law were
Ill on tie lookout for him, but be has
not been seen since the time cr about
the time be left Mr. Miller's ehice.
DIR. ZIMMERMAN HARD BIT.
It Will be some time before 1t can
oe told definitely in whose a6minfstra
tions these { # ,irs occurred, but at
present it appears that tine liabilities
will be about as follows:
W. T c Bates. .............s 1900
". b. Zimmerman ...... 10, 500
&. b. Jennings s............. l, 400
IOlat 49,. =. ,el1, 1oo
To this OF course must be added the
interest which will increase the total
amount lost by the State OF Soush
Carolioa and &c be recovered on the
acnds, SO, 902
III, LEGGED that the fraudulent en-
-.iss we're made in this wise: A party
having bonds might prefer stocks in
exchange. The papers would be pre-.
Sented ard the transfer made. Then
instead OF cancelling the bond the
clerk in charge, apparently, w:u'd
take cut one OF the bonds when there
would be a large package and at sc ma
convenient date would put 1t on the
market as if it were negotiable in
strunent instead Of bond whose val
idisy had been wiped out by the ex'
change. The bonds Of the State are
payable to bearer, just IS bank note
or other currency, and the stocks are
payable to order only.
The interest on the bonds IS the
same as the interest on the stocks,
bat the coupons on the bonds may be
presented by any one whereas the in.
terest on the stocks is sent in checks
to parties in whose name the stocks
sre made out unless the State treas
urer has been notified Of the transfer
OF the stocks. For that reason many
people prefer stocks to bonds and there
are issued sometimes as many as l.
$50 stock certificates in year.
HOW 1T COULD HAVE BEEN DONE.
TO show how easily this kind OF
transaction might have bsen made
without discovery except by accident,
there are on the books OF the State
treasurer bonds OF this issue alone
valued at 1854, 900 and stocks valued
at 81 5000. Since the Gate OF the
issue CT uhess bonds there have been
issued 1 044 bonds Of the oenomjla
ton Of 81 600 and 3, 1874 bonds OF the
examination OF $500. Many Of these
oct i, have been exchanged tor stocks
and 5he7ei07e it will be apparent that
fraudulent transactions might have
occurred as the employees OF the treas.
urer's off 70 are considered above sus'
picioa and the bonds are not counted.
1t Is said that when package Of
bonds would be re urred in exchange
for stocks it would be very easy to can
eel nine OF the b nds and Substitute
for the tenth a cArcslled bond which
had been taken 10 several years be-
fore. The legislative Investigating
committee would count merely the
bonds as units without inspecting
them, and il the Dumber correspoEd7d
with the number reported exchanged
for sticks within the year, there woulc
be no suspicion OF the fact that one
Of the bonds exchanged, for instance
in 1895, had been substituted for a
bond exchanged in 1900 and that the
latter had been taken from the pack
age and had been sold. The State
Woula therefore be paying interest," on
the bond which should have been can
celled as well as upon tie stock csrti'
6cate which had been Issued in place
OF the tond.
AS Mr.. Z mmermsn was charged
aith the custody Of the bonds, IS he
the exc aanged bonds cancelled and
vas tie cne responsible for marking
as the entries on the books were In
his handwriting it IS easy to connect
him with the fraudulent exchange.
His many friends hope that there Will
oa some way In which the matter can
be clesred up and Mr.. zimmerman
prove that he was not guilty Of the
serious offenses charged.
MIR. Zimmerman surrendered on
"Wednesday and gave bond for seven.
5sen Thousand dollars tor his appear
alcs at court.
| Killed Two.
John Price a young drug clerk, had
battle with q band OF Italians at