Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1908-05-08
CHARGED WITH
ENLIGHTENMENT
Indictment Retur ned by Grand
Jury Against S. Fl. Taylor.
Native of Tazewell

hJhShNNhSf va 1hsy OH the
corporation court yesterday afternoon
the grand jury, composed of I. ID.
Jennings, foreman; f. Lee Bell
James L. Carter, A. +. Anderson.
r. s. Stone anG Thomas Scott, re-
turned an indictment against S. III.
Taylor, who was until two months
ago, cashier of the American Nation
al bank, on the charge of embezzling
the sum of $4, $50 from the Bonsack
Machine Company, of this city, of
which Mr.. p. A. Krise is secretary
and treasurer.
1t is charged that on March 1, 1905,
Taylor sold certificate of the stock
of the company of sixty-seven
shares to Mr.. S. II. Franklin, ap-
propriating to his own personal use.
The two annual dividends on the
stock had been paid each year and it
is presumed that this was done out
of Taylor's private income.
The alleged emblezzlement was
discovered some weeks ago by Secre-
tary Krise when Mr.. Franklin pre-
sented the certificate of stock. The
certificate was numbered $3.50, but
the records of the secretary, it is
stated, did not show that such a GER
tificate had ever been issued. This
led TO close examination, and il
was discovered that certificate No.
$3.50 had been carefully extracted
from the certificate book, the stub
being taken out SO astuteIy that the
first impression was that the printer
in making the book up had omitted
the number. However, when the
certificate was presented and the
matter gone into more fully, eviden-
ces were found that the stuo had
been extracted and sold TO Mr.. Frank
lin.
A glance at the stock book as il
was exhibited by Mr. Krise, showed
that certificate No. 1929, the eer-
tificate numbered just prior TO the
one sold TO Mr.. Franklin, was dated
February /, 1905, while the second
one No. 533l, was dated February
IL. The certificate upon which the
indictment is based is dated March
1st of the same year. From this, it
is claimed that the certificate was
taken from the record some time
before ii was disposed of.
Mr.. Krise explained that TAYLOR
assisted him in the clerical work
devolving upon him as secretary and
treasurer OF the Bonsack Machine
Company, and that it was an easy
matter for him TO have extracted the
certificate, and that it might have
gone on for much longer time if
the certificrate had not been present.
ed to him in the past month or two.
Mr.. Taylor is we'll known in this
city and section and his troubles
come as a surprise to his many
friends. He is a son of Jack Taylor,
former postmaster of Pocahontas,
Va, and was until recently secretary
and treasurer of the Winonah Coal
and Coke Company at Dott. He was
prominent society and club man of
Lynchburg, and it is said that he
lived far beyond his means. Daily
(Bluefield) Leader.
Sam" Taylor was we'll known
here. He was at school in this town
"a bright, nice, popular young
man. Everybody rejoiced in his sue
cess in business, and was proud OF
his career. The news of his great
mistake will produce widespread
regret in Tazewell, where he has re-
aatives and many friends, and it il
hoped that he will be able to fully
explain, and be honorably exonerat.
ed.