The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1909-07-28
CASHIER SHORT
A Trusted Man of Anderson
Ruins His Good Name

TOOK BANKS FUNDS
And Lost Them in Specializing in
Cotton Futures, Disappears, Lcar-
in: Written Confession, Which
Completely Stunned His Friends,
Who Had Trusted Him
J. T. Holleman. who for two years
has been eashie. OF the Bank OF An
de,son. and who for four years Was
assistant, cashier. ha. been found
short In his accounts approximately
$4,000. AID .;ns left 70. parts un-
known.
! In the cash drawer Of the bank he
le!, a letter. addressed to President
B. F. Mauid!n. IN which he made a
clear cut and complete confession
saying that he lost the money IN
speculsttng II cotton futures.
Rather thel face b.. friends. be
said in the letter. be would aee. and
this be cid on Sunday morning. when
he left supposedly on his annual va
ca:!os. The people OF Anderson are
severely stunned. to- there was no
man in Anderson who enjoyed the
confidence and esteem OF the people
moro than did Mr.. Towmes Hollt
man.
The board Of director issued the
following statement Tuesday:
The board OF directors OF the
Bank OF Anderson make the follow
Ing statement IN regard to the short
ase OF J. T. Eolleman in his accounts
as cashier. which came TO tho knowl-
edge OF the officials Monday night:
After carefully looking into the az
fairs 0. the bank We nnd the amount
VIII be about ss5.o0o. and inasmuch
a. the capital stock Is sl5o.o0o and
the surplus s225.@00. making tota'
OF s315.000 to which IS added the
liability OF the stockholders. $780,.
600. making total available :oi
creditors Of s525. 900. the public car
realize that the standing Of the bank
| is not impaired and that the bushes:
Of the bark. with its weli-known ALL
!ty to accommodate It's customers
will not be lessened. The loss viii
be charged OF tomorrow. when th'
BAN; examiner ascertains the e1ac
amount
| This statement was signed By Pres
i!dent 3. F. Mauldia. Vice Pres!den
| J. A. Brock. Attorney Joseph \
Brown and Ave directors.
| No statement ever Issued IN An
derson oceasioned grea'~r surprise
and CONSERVATION. The officials o
the bank knew nothing o: the MATES
until Monday night. Ar. Eollema'
left the bank Saturday afternoon
supposedly with the intention OF go
ing away for . vacation OF week o.
.~o. He told his associates In The
bank Of his Intention last week ane
he left with their fullest permission
and they did not dream that there
was anything wrong He I, sup
posed 70 have left the city sometime
Sunday. Il 1. not known where ~
has gone.
The bank was opened q. usua
Monday morning and everything rat
smoo;nly during the day. When Nj
| A. II. Sharpe. assistant cashier. wen
to balance the cash that night N
found in the cash box a letter ad
dressed to Ar. Nauldin. the p:esi
dent. He also saw that there wa:
something wrong with The cash. Mr.
Sharpe sent for Mr.. M.uld!n. wht
was at his home and the letter wa:
opened and read IN It N!. Hole
man made complete confession. Ht
said he had been speculat!ng ir fu
lures and had gone from bad Il
wo:se and that he had become des
perate and decided to leave as De
could not face his exposure.
He turned over all his property tc
the bank. but this will uot come neal
covering the shortage. The directors
of the bank were summoned. Ind az
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 over the
books. The directors. however. 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 as the
bank has large surplus fund. seven
or eight times sufficient to take care
OF tho shortage.
Mr.. Holleman. in his letter. said ne
first began speculating e futures
4 q
had saved. He lost th,t anr the n
| borrowed $1,000 fr,n IN. baak with
which to recoup his loss. This soon
| went and other sums IN rapid success
sion. It Is an old story OF small
! beginning by man who vas ta-. soul
OF honor and had no iateat.oa OF de-
traudins ANYBODY.
Mr.. Hollem.n IS native os Wal
halls and has lived In Anderson
about twenty years. He has 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
frugal IL his habits. steady and IN
dustr!ous. and had always lived with
in his income He was just about
the last man IN the city that would
have been suspected OF being shor,
IL his accounts.
The announcement OF his trouble