The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1910-06-15
UNDER ARREST
E.Presideat Charged With Violating tie
Baking Laws.
FIRST CASE OF KIND

J. A. Blackwelder. Formerly Head
OF Bank of Chaplin. q Lexington
County, Served With Warrant
Sworn Out by State Bank Exam
iner, for Violating banking Law.
J. A. Biackwelder. former prest-
dent Of and prime mover in. the or
gan!zation OF the Bank OF Chapia.
located IN Lexington County. was ar
rested at his home in New berry Nor
day by Deputy Sheriff Miller. upon a
warrant sworn out before Magistrate
Thomas l. Harmon. on Saturday, By
State Bank Examiner Giles L. Will
son. Of Spartanburg. charging Mr.
5lackwelder with violation OF ISe
Safe banking lsws.
The case is without a parallel in
the history Of the State. it being
the first OF the kind ever brought to
light. and. therefore. few facts
and the law governing the case will
be Of general interest to the public.
The affidavit OF Mr. Wilson sets
out. IN part. that y. A. B!ackwelder.
OF Chaplin. laid county and state.
did on September Is. 1908. and 9TH
er days prior thereto. violate the
banking laws Of this State. Vol. /.
Code OF 1902. Section LIT. against
the peace and dignity OF this State.
spd against the statutes in such
cases made and provided, and that
deponeth. J. S. Wessinger. and J.
F. Honeycutt are material witnesses
TO prove the same
Section LIT. civil code. under
which the warrant was issued. says:
NO direct or other Office OF any
such bank shall borrow therefrcm.
except on good authority in writing
| before two-thirds OF the whole board
Of directors of such bank. and no d.
| rector or other officer Of any such
bank shall become an endorser or
surety upon any loan or credit made
or extended to any other director or
officer OF such Bank:
Provided. That the total liabiII-
ties to any such bank or any 6i-
rector. or OF any firm OF which such
director is a mem Der. or any COM
nany or corporation Of which such
director is an officer. shall at no time
exceed one-tenth part OF the amount
OF the capital stock Of any such bank
actually paid in
The bank Of Chaplin was charter
ed few years ago. with capital
Of $4,000. J. A. Blackwelder was
its first president. and remained at
its head until little over year ago,
when he was succeeded by J. S.
Wess;nger. a leading merchant Of
the town
1t is said that Mr.. Blackwelder's
account at the bank is overdrawn to
the amount OF several hundred dol
lars. the entire sum for which he In
responsible being something like
$4,000. Mr Wilson stated while
here that he had been very lenient
with the accused. and had accepted
promises for a long time. but each
time Mr. Blackweide. failed to make
good the amounts due the bank. He
stated that the case viii! be prosecut-
ed TO the full limit Of the law. and
that no compromise will now be ac-
cepted.
The alleged ofense is punishable,
under Section 2lo. Criminal Code,
by fine or Imprisonment. or both. at
the discretion o. the trial Judge.
I: will be recalled that Mr.. Black
~elder came before the public a cou-
pie years ago by his alleged con-
uection with the supposed finding OF
pot OF gold under house on
Huger street. in the city OF Col1n-
bia. 1t was rumored tina. he re-
ceived something in the neishbor-
hood of $1,000 on this occasion. Po-
liceman Fulmer. OF the city force.
was also conected with the finding
Of the money. i, was said at the
time
| While the Bank OF Chaplin Will
lose something like $4,000. it will II
no way be impaired by the loss, as
| il has had mos, successful business.