The times and democrat. [volume] (Orangeburg, S.C.) 1881-current, 1909-07-22
CASHIER SHORT
A Trusted Man of Anderson
Ruins His Good Name
TOOK BANK S FUNDS

BUUN DAMN . EUWUS
And Lost Them in Specializing In
Cotton Futures, Disappears, Leav-
ing a Written Confession, Which
Completely Stunned His Friends,
Who Had Trusted Him.
J. T. Holleman, who for two years
has been cashier of the Bank Of An
derson, and who for four years was
assistant cashier, has been found
short in his accounts approximately
$4,000, and has left for parts un-
known.
In the cash drawer Of the bank he
left a letter, addressed to President
B. F. Mauldin. in which he made a
clear cut and complete confession
saying that he lost the money In
speculating in cotton futures.
Rather than face his friends, he
said in the letter, he would fee, and
this he did on Sunday morning, when
he left supposedly on his annual va
cation. The people Of Anderson are
severely stunned, for there was no
man in Anderson who enjoyed the
confidence and esteem of the people
more than did Mr.. Towmes Holle-
man.
The board Of director issued the
following statement Tuesday:
1.-The board Of directors Of the
Bank of Anderson make the follow
ing statement in regard to the short
age Of J. T. Holeman' in his accounts
as cashier, which came to the knowl-
edge Of the officials Monday night:
After carefully looking into the af-
fairs of the bank We find the amount
will be about 5000, and inasmuch
as the capital stock Is s150.000 and
the surplus s225,000, making total
of s375,OOO to which Is added the
liability OF the stockholders, $780,
600, making a total available for
creditors of s525. 900, the public can
realize that the standing Of the bank
is not impaired and that the business
of the bank, with its well-known abil-
ity to accommodate its customers.
will not be lessened. The loss will
be charged off tomorrow, when the
bank examiner ascertains the exact
amount"
This stafente,it Was signed by Pres
ident B. F. Mauldin, Vice President
J. A. Brock, Attorney Joseph n.
Brown and five directors.
No statement ever issued in An
derson occasioned greater. surprise
and CONSERVATION. The officials OF
the bank knew nothing Of the matter
until Monday night. Mr.. Holleman
left the bank Saturday afternoon.
supposedly with the intention Of go
Ing away for a vacation of week or
two. He told his associates In the
bank Of his intention last week and
he left with their fullest permission,
and they did not dream that there
was anything wrong. He Is sup
posed 10 have left the city sometime
Sunday. 1t is not known where he
has gone.
The bank was opened as usual
Monday morning and everything ran
smoothly during the day. When Mr..
A. H. Sharpe. assistant cashier, went
to balance the cash that night he
found in the cash box letter ad-
dressed to Mr.. Mauldin. the presi-
dent. He also saw that there was
something wrong with the cash. Mr..
Sharpe sent for Mr.. Mauldin. who
was at his home and the letter was
opened and read. In 1t Mr.. Hollc-
man made a complete confession. He
said he had been speculating in fu-
lures and had gone from bad to
worse and that ne had become deG-
perate and decided to leave as he
could not face his exposure.
He turned over all his property to
the bank, but this will not come near
covering the shortage The directors
of the bank were summoned, and af-
ter examination they placed the facts
before Mr.. Giles Wilson. the state
bank examiner, who happened to be
in the city on one Of his regular
trips. and he Is now going oyer the
books. The directors, however, have
already satisfied themselves that the
shortage Is not more than s35, 900,
and OF course, this will not In any
way cripple the bank. which is one
of the strongest in tho up-country.
Everything will go OH rs usual as the
bank has large surplus fund. seven
or eight times sufficient 20 take caro-
of the shortage.
Mr.. Holleman. in his letter. said re
first began speculating III futures
about year ago win $GO0 which he
had saved. He lost that au,' then
borrowed $1,000 fr,n the baIk with
which to recoup his loss. This soon
went and other sums in rapid success
sion. 1t is an old story Of 4 small
beginning by man who WIS thr soul
of honor and had no inten..cl OF de-
frauding ANYBODY.
MIR. IIolleman Is a native Of Wal
ho11a and has lived In Anderson