The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1908-01-22
RECEIVER FOR DISPEASlRY.
JUDGE PRITCHARD SIGNS or.
DEL, CITING COMMISSION
complaint Filed by FIeisclmaI,n g.
CO., New York, Alleging That Com.
mission Placed Money i'm Banks in
Which They Were interested.

ted States circuit court TODAY JudSa
j. c. Pritchard signed an order citing
tne dlspensary commission of South
carolina to appear here on Wednes-
nay, Jan. 20, and show cause WHY the
rehef prayed in a bill of complaint
nied py Fleischnann & Co., of New
YORK, creditors Of the dispensary
should not be granted and a receiver
| appointed to take charge of the funds
held by the dispensary commission
and the affairs Of the commission
wound up.
The bill Of complaint filed by attor-
neys representing Fleischmann Co..
Is interesting and in parts sensation
al. The complaint in effect charges
that the dispensary commission has
ralled to pay the claims of the credi-
tors because the commissioners are
financially interested in the banks in
which the great sum of almost 81. 600.
600 is deposited. The bill alleges thar
the commission has violated its trusts
and a receiver should be appointed to
take charge Of the monies and affairs
now under control Of the dispensary
| commission
The bill in part recites that said de-
PENDANTS arc abusing the trust re-
posed In them by wrongfully and un-
lawfully falling and refusing to carry
out the terms and provisions of said
act of 1907 Of the general assembly OF
the State Of South Carolina, and that
the greater part Of the money which
the defendants have received as aforo.
said, has been on deposit for many
months, and is now on deposit in GER
tain banis in the State OF South Caro-
lima, in which banks the said defend
ants, or some Of them, are respectively
interested, either as officers. stock.
holders or directors; that a large sun,
OF said money is now in the National
Loan and Exchange bank OF Column
bia. in which bank the defendant.
Murray. who is the chairman IF the
dispensary commission, is large
stockholder and director; that another
large portion OF said money is depos-
ited in the Bank of Timmonsville, iu
which said tank, the defendant, NJ
Swecn, is a stockholder and director.
and is also its presii dent; that another
large portion Of said money is on de-
pcsit in the Pc1rle's bank of Union,
in which bank the defendant. Arthur
is a stockholder and director and also
its president; that another large por-
ton of said money is on deposit IN the
Fank of Aiken. in which bank the de-
fendant, Henderson, is a stockholder-
and director; that another portion of
said money is deposited in the Pied
mont Savings anC Investment compa-
! ny of Greenville, in which the defend
ant, Patton, is d stockhoIdcr and di-
rector. and a portion Of said money is
deposited in the Merchants and
Farmers bank OF Cheraw, in which
lank one w. F. Stevenson, who re.
sides in the said town of Cheraw ana
who is the attorney for the defend
ants constituting ,hc State dispcnsary
Commission. is a stockholier and di,
rector and also its president.
That The said defendants have
wrongfully, unllwfully and fraudr-
'ently declined and refused to make
distribution Of the said money among
the creditors Of the said State dispen.
sary or to pay the claim, of your ora
tor Or any If tho other of said credit
":s, for the reason, as your orator
verify believes anil alleges the fact to
DC. that there has been formed and
now exists an unlawful understanding
"r agreement between the defendants
by which it has necn decided that the
money deposited in the banks above
named shall he held and allowed 10
reman as long as possible in said
banks and be used by them for their
own benefit and profit.
Attorney General Lyon Of South
Carolina was present in the interest
Of the dispensary commission. That
side contends, in effect, thar certain
claims Of creditors are not genuine.
that nduSinhuence was used IN the
purchase of goods and too great a
price was paid. II is understood that
there are claims agyregating about
100000 against the dispensary com.
mission and these creditors, alleging
that the funds III the hands OF the
commission aggregate about $500, 900.
demand that their claims be paid. II
ts probable that there Will be an In.
teresting hearing here on Jan. o..
when the dispensary commission will