The herald and news. [volume] (Newberry S.C.) 1903-1937, 1910-10-18

the bank had been delegated to Mr.:
Carlisle, which reply was brought out
more fully by Mr.. Dominick. Mr..
Martin stated, however, in answer to
questions from Mr.. Cochrane, that
when checks were presented signed
by Mr.. Carlisle as president, he had
not refused their payment.
Mr.. George Johnson, who was the
attorney for the bank, stockhold7r,
and a director since 1902, was next
sworn. Mr. Cochrane asked Mr..
Johnson to relate his experience in
regard to the visit of certain direc-
tors OF the bank 70 the comptroller
of currency, in Washington, during
1908. Mr.. Johnson stated that an eX-
aminer had made a visit to the Ma
tional Bank of Newberry, and had ad-
dressed a communication to the
comptroller, and the latter had ad-
dressed one to the directors of the
bank, calling into question the sound
ness of a good deal of the paper then
carried by the bank, and the lack Of
desirability Of some of it, suggesting
that a good portion of it be charged
off. After this visit, the committee
among which was himself, Mr.. Car
Isle and Mr.. Mower, had been given a
period of either thirty or ninety days
in which to get things into shape, and
that they had made such good prog
ress in that time in getting notes re-
newed, etc., that the comptroller al
lowed things to continue.
Mr.. Johnson's recollection was that
Mr.. Carlisle's indebtedness in the
form of notes, was at that time, about
$1,000, including the overdrafts, these
notes being signed only By himself.
There were also some other notes,
signed by Mr. Carlisle as director,
with others, amounting to several
thousand dollars, the exact figures
not being recollected at that time, but
Mr.. Johnson stated that these notes.
signed by others with Mr.. Carlisle,
were charged up to Mr.. Carlisle's in
debtedness, he being responsible for
the whole amount, having signed as
director. Thera were other notes,
which Mr.. Carlisle had indorsed,
amounting to several thousand dol
lars more.
This Indebtedness Of Mr.. Carlisle, it
was stated, had been materially re-
Guced, by transfer of the signatures
of one of the notes, in order to re-
lieve Mr.. Carlisle of the entire re-
sponsibility of those notes which ne
had signed as director, with others.
Mr.. Johnson stated that he had had
several conversations with Mr.. Car
Isle about these matters and had ad-
vised Mr.. Carlisle to go more care
fully in regard to his loans and over
drafts. Mr.. Johnson was asked about
the meeting in January, 1906, when
Mr.. Mower is stated to have become
possessor of a majority of the stock
of the bank, and stated that he had
been present at the meeting, and gave
full and detailed account of what
had transpired at the meeting and
before it.
He stated that he had been noti-
fed to be at the directors meeting,
in early January, at which the elec-
ton of officers was to be held. The
meeting was to have been held at
noon, and during the morning, he re-
ceived message to be present at Mr..
Carlisle's office. He went to the bank,
and found there several of the other
stockholders, stating that there ap-
peared to have been some discussion
just before he came in. Mr.. Carlisle
asked him if he knew how many
shares of the bank stock Mr.. Mower
had control of and he stated that he
did not know, but thought he had
majority. 1t was stated by some one,
that Mr.. Mower had said he had 80
shares.
There was some discussion as to
whether Mr.. Mower had this many
shares or not, Mr. Carlisle stating
that he did not believe he had. 1t
was finally believed by all, however,
that this gentleman was the possess
sor Of this majority, and in view of
Information that had been received
that Mr.. Mower had intended to make
himself president of the bank, the
matter was discussed for time, and
finally Mr.. Carlisle appointed dele
cation to see Mr.. Mower and find what
adjustment could be made. The COM