Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1909-07-23
Misettlansous Rsadins.
HoLLEMAN's ACCOUNT CROOKED.
Anderson Cashier Makes Way With
Banks Money.

Anderson, July 2O.-J. T. Holleman
who for two years has been cashier o
the Bank Of Anderson, and who fo
four years was assistant cashier, ha'
been found short in his accounts ap'
proximately $4,000 and has left fol
parts unknown. In the cash drawer
Of the bank he left letter addressed
to President B. F. Mauldin, in which
he made a clear-cut and complete con-
fession, saying that he lost the money
in speculating in cotton futures. Rath.
er than face his friends he said in the
letter he would flee, and this he die
on Sunday morning when he left An.
derson supposedly on his annual va.
cation.
| The people Of Anderson are severely
stunned for there was no man in An
derson who enjoyed the confidence ant
esteem Of the people more than did Mr.
Townes Holleman. The board Of di'
rectors issued the following statement
today:
1.-The board Of directors Of the Banl
Of Anderson make the following state.
ment in regard to the shortage Of ]. T
Holleman, in his accounts as cashier
which came to the knowledge Of the
officials last night. After carefully
looking into the affairs Of the bank we
find the amount will be about $4,000
and inasmuch as the capital stock 1:
s150,000, and the surplus $225,000
making a total Of $375,000, to which
is added the liability Of the stockhold-
ers $150,000, making a total available
for creditors Of s525,0O0, the public car
readily see that the standing Of the
bank is not impaired and that the bus
mess of the bank with it's 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. y
This statement was signed by Pres
ident B. F. Mauldin; Vice President
]. A. Brock; Attorney Joseph N. Brown
and five directors.
son occasioned greater surprise and
CONSERVATION. The officials Of the bank
knew nothing of the matter until last
night. Mr.. Holleman left the bank
Saturday afternoon supposedly with
the intention Of going away for a va
cation Of a 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 supposed to have left the city some
time Sunday. 1t Is not known where
he has gone. The bank was opened a.,
usual Monday morning and everything
ran smoothly during the day. When
Mr.. A. M. Sharpe, assistant cashier,
went to balance the cash last night,
he found in the cash box letter ad-
dressed to Mr.. Mauldin, the president.
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.. Holleman made q complete con-
fession. He said he had been speculat-
ing in futures and had gone from
bad to worse until he had finally be-
come desperate 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 come near covering
the shortage.
The directors Of the bank were sum-
moned and after examination they
placed the facts before Mr.. Giles Will
son, 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 directors, how
ever have already satisfied themselves
that the shortage is not more than
$4,000, and Of course, this will not in
any way cripple the bank, which Is one
of the strongest in the up-country.
Everything will go on as usual. The
bank has large surplus fund, seven or
eight times sufficient to take care
of the shortage. Mr.. Holleman, in his
letter, said he first began speculating
in futures about year ago with 5000,
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 an old story Of a small begin
ming by a man who was the soul Of
honor and had no intention Of defraud-
ing anybody.
Mr.. Holleman is a native Of Walhal-
la, and has lived in Anderson about
twenty years. He has a wife and sew
eral children. He has held several res
ponsible positions in the city and has
been with the Bank Of Anderson about
six years. He was frugal in his hab-
it's, steady and Industrious and had al
ways lived within his income. He was
just about the last man in the city that
would have been suspected of being
short in his accounts. The announce
ment of his trouble will be received
with the greatest surprise throughout
the city and county and state and there
will be the deepest sympathy for him.
He was universally liked. 1t Is not
known here where he has gone and no
statement was made today as to what
steps would be taken to apprehend
him. All Of his friends and the bank
directors were too stunned today 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 was not
impaired in the slightest degree and of
course it does not affect any Of the
other banks in the city. Mr.. Holle-
mans popularity Is shown by the fact
that several Of his friends said today
that II he had told them of his trouble
they would have furnished the money
to cover his shortage and given him
a new start.
Woman Built House.
Miss Lille M. Johnson built the
nine-room house in which she now
lives, says the Kansas City Journal.