The herald and news. [volume] (Newberry S.C.) 1903-1937, 1910-10-18
INTERESTING TESTIMONY
In NJ. A. CARLISLE CASE
J. A. BLACKWELDER EXPLAINS
CERTIFICATION OF CHECKS.
The Affairs of the Cold Point Granite
Company Gone Over-0ther
Evidence.
Greenville News, 18th.

Evidence.
Greenville News, 18th.
TO show that Milton A. Carlisle,
charged with the misapplication OF
the funds of the Newberry National
bank, Of which he was president, re-
ceiVed sums Of money ranging from
one to four hundreds dollars, and 9TH
er valuables, for the extension Of cre-
dit to certain parties, and that he
did not turn this money over to the
bank, was among the objects OF tesd-
mony put up by the government In
the fifth day Of the trial in the United
States district court.
The effort Of the prosecution to
prove the alleged insolvency Of the
defendant and Of the Cold Point
Granite company, during the years OF
1907 and 1908, when he is stated to
have made loans without security to
himself and the corporation, were
continued, and the false certiica-
ton of checks, which is among the
counts in the massive indictment
against the Newberry banker, also
received some attention. The efforts
of the defense mostly to break down
this testimony during the cross-ex- ,
animation, and to show that the VIOLA
j! ton of the laws were, if any, more
technical than otherwise. :-s'es -
During the forenoon tie testimony
of the prosecution was during the
early part, mostly toward proving the
insolvency of Mr.. Carlisle. 1t is al
legged in the Indictment that he made
loans to himself, by overdrawing his
account at the NeWberry National
bank, and covering these with his
personal notes, unsecured, when he
'skneW or should have known that
he could not or would not be able to
pay the money back" The account
of the Cold Point Granite company,
it is alleged, was also treated in the
same way. Mr.. Carlisle was presi-
dent and treasurer of this company,
and the prosecution endeavored also
to show that it too, was hopelessly
insolvent, during the time that the
overdrafts were allowed on its ac-
count.
Mr.. Gibbes, assistant cashier Of the
Palmetto National bank, Of Colun-
bia, Mr.. J. D. Bell, until August OF
this year cashier of the National Bank
of Clinton; Mr. James T. Medlock,
president of the National Loan and
Exchange bank of Greenwood; Mr..
J. D. Matthews, of the Cole Mortimer
company, handling fertilizers at Char
lesion, were the first witnesses taken
up. These all made statements con-
cerning notes which they had handled
from both Mr.. Carlisle, individually,
and as an indorser for others, and OF
the Cold Point Granite company. A
few Of the notes were shown to have
been paid up, after being renewed seV.
eral times, but the large majority OF
them were renewed from time to time
for a. number Of years, and finally
charged off, many Of them having been
put in judgment, certified copies OF
which were placed in evidence by ths
district attorney, Enrest F. Cochrane.
These witnesses were all cross-exam-
ined by Mr. Dominick, for the defense.
Mr.. R. l.. Tarrant, who was con-
nected with the National Bank OF
Newberry, for number of years, first
as collector, then as bookkeeper, and
finally as assistant cashier and teller,
was next sworn. He identified two
drafts drawn by Mr.. M. A. Carlisle,
as president and treasurer of the Cold
Point Granite company, on the city OF
Florence, for $3.50, and On the South
ern Paving and Construction COM
pany, of Laurens, for s193. These
were in 1908. They were presented at
the bank, and the money was paid
for them, but when sent out for col
lection by correspondents, they were
returned unpaid. Another draft on
the McGae Concrete company, OF
Greenville, S. c., for s29 was identi-
fed and stated to have Jared the
same fate. All these drafts were put
in evidence.
Mr.. Tarrant stated also that these
notes we're not paid by Mr.. Carlisle
while he was at the bank. Miss Alice
West. at one time bookkeeper for the