The herald and news. [volume] (Newberry S.C.) 1903-1937, 1909-07-23
ANDERSON CASHIER SHORT.
J. T. Holleman Disappears, Leaving
Confession.-Trusted Employee
of the Bank of Anderson.

Anderson. July ZU.-J. L. f1OlIe-
man, who for two years has been
cashier Of the Bank Of Anderson, and
who for four years was assistant
cashier. has been found short in his
accounts approximately $4,000. and
has left for parts unknown. In the
cash drawer Of the bank he left a let
ter. addressed to President B. F.
MauIdin. in which he made clear
cut and complete confession. saying
that he lost the money in Speculatlng
in cotton futures. Rather than face
his friends, he said in the letter, he
would flee, and this he did on Sunday
morning, when he left supposedly on
his annual vacation.
The people of Anderson are Sc
verely stunned. for there was no man
in Anderson who enjoyed the conf
dence and esteem Of the people more
than did Mr.. Townes Holleman.
The board Of directors issued the
following statement to-day:
"The board 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 care
fully looking into the affairs of the
bank we find the amount will be about
$4,000, and inasmuch as the capital
stock is $150,000 and the surplus
S225,000, making a total Of $375,O00
to which is added the liability of the
stockholders, $15O,OOO, making a to-
tai available for creditors of S525, 900,
the public can realize that the stand
ing of the bank is not impaired and
that the business of the bank, with
its well-known ability to accommodate
it's customers, will not be lessened.
The loss will be charged off tomorrow
when the bank examiner ascertalns
the exact AMOUNT
Statement Causes CONSERVATION.
This statement was signed by Pres
,ident B. F. Mauldin, Vice President
J. 4. Brock, Attorney Joseph \.
Brown and five directors.
No statement ever issued in Ander-
son occasioned greater surprise and
CONSERVATION. The officials Of the
bank knew nothing Of the matter un-
til last night. Mr.. Holleman left the
bank Saturday afternoon, supposed
ly with the intention of going 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 supposed to have left
the city some time Sunday. 1t is not
known where he has gone.
The bank was opened as usual Mon
day morning and everything ran
smoothly during the day. When Mr..
A. H. Sharpe, assistant cashier, went
to balance the cash last night he
found in the cash box letter address,
ed 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 it Mr.. Holleman made
a complete confession. He said he
had been speculating in futures and
had gone from bad to worse, and that
he had become desperate and decided
to leave, as he could not face his ex-
posure.
Bank Examiner at Work.
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 after
examination they placed the facts BE-
fore 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 short
age 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 pp-country. Every
thing will 60 on as usual as 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 specializing in futures