Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1909-07-21
j. r HoLLEMAN DISAPPEARS.
Cashier of Bank of Anderson Short
$35, 200 i'm Accounts.
LOST IN FUTURE sPECULATING.
Left Letter Making Confession---The
Banks Solidity Not Affected.
(Anderson Mail, July 20.)
Anderson, S. c.. July 20. 1909


The boa.d of directors of the Bank
of Anderson make the following
statement in regard to the shortage
OF j. T. Holleman in his accounts
as cashier, which came to the
knowledge of the officials last night.
After carefully locking into the af-
fairs of the bank we find the amount
will be about $4,000, and incsmuch
as the capital stock is S150,00O, and
the surplus $225,000, mcking a total
OF 1915 900, TO which Is to be added
the liability of the stockholders,
$150.000, making total avcilable
for creditors of $525,000, the public
will readily see the standing of the
bank is not impaired end thaG the
business of the bank with its well
known ability to accommodate its
customers will not be lessened. The
loss will be charged off tomorrow
when the Bank Examiner ascertains
the exact amount.
b. f. Mauldin, President.
j. A. Brock, V. President.
Jos. N. Brown, Attorney
J. II. Anderson.
j. e. Barton.
Fred. G. Brown.
r. L. Ligon.
J. NJ. Sullivan. Directors.
This statement was issued by the
directors of the Bank of Anderson
at noon to-day, and 1t Is probable
that no announcement ever made in
Anderson has occasioned greater sur
prise and CONSERVATION.
Mr.. Holleman was one of the most
popular men in the city, and no man
enjoyed the confidence Of the people
to greater degree.
The officials Of the bank knew
nothing Of the matter last night. Mr..
Holleman left the bank Saturday af-
ternoon with the intention OF going
away for vacation of week or
two. He told his associates I'm 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 supposed to have left the
city some time Sunday. 1t is not
known where he has gone
The bank was opened as usual on
Monday morning and everything ran
smoothly during the day. When A.
M. Sharp, the assistant cashier, went
to balance the cash last night he
found in the cash box a letter L.
dressed to B. F.. Mauldin, the presi-
dent. He also saw that there was
something wrong with the cash
Mr.. Sharpe sent for Mr.. Mauldin,
who was at home, and the letter was
opened and read. In 1t Mr.. Hollc-
man made a complete confession.
He said he had been speculating in
futures, and had gone from bad to
worse, until he finally became des-
perate and decided to leave, as he
could not face his friends. He turn
ed over all his property to the bank,
but this will not cover the shortage.
The directors of the bank were
summoned, and after an examination
tney placed the facts before Giles
Wilson, the State Bank Examiner,
who happened to be in the city on
one Of his regular trips, and he is
now going over the books. The di-
rectors, however, have already salts
fled themselves that the shortage is
not more than $4,000, and, of
course this will not in any way Grip
pie the bank, which is one OF the
strongest In the up-country. Every
thing Will go on as usual. The bank
has large surplus fund, seven or
eight times sufficient to take care of
the shortage.
Mr.. Hoileman, in his letter, said
he first began speculating in futures
about year ago with $500 which
he had saved. He lost that, and
then borrowed $1,000 from the bank
with which to recoup his loss. This
soon went, and other sums in rapid
succession.
1t is the old story of small be-
ginning by a man who was the soul
OF honor and had no intentio IF de-
frauding anybody.
Mr.. Holleman is a'native of Wal
halla, and has lived in Anderson
ABOUT twenty years. He has a wife
and several children. He has held
several responsible positions in the
city, and has been with the Bank of
Anderson about six years. He was
hrst assistant cashier and has been
cashier for about two years.
He was frugal in his habits, steady
and Industrious, and had always
ilved within his income. He was
Just about the last man in the CITY
.hat would nave been suspected of
being short IN his accounts.
The announcement Of his trouble
Will be received with the greatest
surprise throughout the CITY and
county, and there will be the deep-
est sympathy for him. He was uni
versally liked
1t is not known where he has
gone, and no statement was made to-
day as to what steps would be taken
to apprehend him. All of his friends
and the bank directors were too
stunned to-day to map out any
course of action.
In the midst of the grief over his
downfall about the only comfort is
that the solidity of the bank has not
been impaired in the slightest de-