The Bamberg herald. [volume] (Bamberg, S.C.) 1891-1972, 1908-09-24
7. E. DUNCAN IN TROUBLE
ARRESTED AT INSTANCE OF PEO.
PIES BANK RECEIVERS.
Alleged That He Obtained About Nine
Thousand Dollars by Fraud and
False Pretenses.


former president Of the Union and
Buffalo cotton mills until their reor-
ganization three years ago and one OF
the best known industrial promoters
of the South for years, was Saturday
evening arrested here on a warrant
chaging him with fraud and obtain
ing money under false pretenses to
the aggregate amount Of $4,000 or
$4,000, sworn out by one OF the re-
ceivers of the Peoples bank OF this
city.
The arrest was guarded with the
utmost secrecy by them, having 1t
made on account of business rea-
sons, but news of it has leaked out
and been confirmed. It seems, from
information obtained, that during
December two years ago the Peoples
bank of this city cashed a check for
$1,515 drawn on the Bank Of Spring
City, Tenn, by the American Lime
company, of which corporation, T. c..
Duncan, formerly Of this city, was
head, he having organized that con-
cern after leaving Union with the un-
derstanding that the funds to meet
the check were at Spring City bank
named. The Peoples bank here also
cashed several drafts within the next
| few days which. were, It is under
stood, drawn by the same American
Lime company and which, on being
forwarded to the Spring City bank,
were returned with the information
that the company had no funds there.
When, about the 1st Of August, the
Peoples bank of this city went into
voluntary liquidation and B. F. Ar
thur, former president, and w.. H.
Gist, of Carlisle, were appointed re-
ceivers, H. B. O'Shields being later
named, the matter of these drafts
was drawn to their attention and W..
H. Gist, acting for the receivers,
wrote Mr.. Duncan at Spring City,
Tenn, that the matter must be closed
up promptly, intimating that unless
the money was forthcoming criminal
proceedings would be instituted.
It is learned that in the meantime
a voluminous amount of evidence in
the shape of correspondence referr-
ing to the payment Of these checks
and the fact that there was no money
on deposit in Spring City with which
to meet them came into the posses
| sion of the receivers. Thus they feel
confident of their ground.
After being notified, Mr.. Duncan
wrote the receivers that he would be
here last week. He came on Tues
day and asked that the matter be de-
ferred until Saturday. On that day,
after consulting his counsel, James
Munroe, of this city and j.. P. K. Bry-
an, of Charleston, his lawyers had
consultation with the bank receivers
and their counsel and after consider
able parley which did not result in
the money being paid, agreement was
arrived at and the warrant was is
sued.
It SENS that Mr.. Duncan was ad-
vised of this action and came to the
Office of his counsel, Mr.. Munroe,
where he was arrested and taken next
door to the Office of Magistrate Vim
son, who released him on. $500 bond,
which was furnished by Capt. A. H.
Foster.
When asked to-day if he had any
statement to make for publication,
Mr.. Munroe, for his client, said that
he did not.
Since the news of the arrest has be-
come public it has been much talked
of. What future developments there
will be remains to be seen, though it
is strongly intimated. that other ar
rests may follow in the event that
the matter is not settled by the pay
ment of the amount of the check and
drafts with interest to date. In the
event that this case is not settled out
side of the court it will probably come
nm for trial next Februarv