The herald and news. [volume] (Newberry S.C.) 1903-1937, 1910-10-21
MORE TESTIMONY
IN CARLISLE CASE
CONTINUED from page six)

the notes as authorized OF Q1'A7''o' -
During 1908 checks were palc 70
the amount of over $4,000, and 1t was
stated from the figures that excluo-
ing the two unauthorized notes. the
Indebtedness of Mr.. Carlisle had In
creased from the first of October 1soo'
to the time of his resignation from
the bank, by about $4,000. The
amount of Mr.. Carlisle's overdratt'
beginning with 1907, and allowing the
notes, considering them as authorlz-
ed, at the end Of that year, was given
at s436S6.
0nrine the afternoon session Of the
conrt. Mr.. Smith was lnterrogateo
concerning the account of the Colo
Point Granite company, and 1t was
stated that from the first of OCTOBER
1906, at which time the account was
overdrawn, there was no period until
the close of the account, when 1t as
not overdrawn. The overdra1t at the
heginning of the year 1908 was 3d.
e2422. and at the end of this year,
e,771.32, making an increase OF So'-
1A7.7O during this year, in overdra1ts'
At the beginning of the year l9o'' the
overdraft was s4,147.25, but this was
decreased during that year to S3'-
s24.22. It was also stated that the
overdraft increased from S6l.6o IN
Julv, 1905, to s6,771.32 at the close
of the account, an increase OF over
5000. A number of other hnanclal
details of this company were brought
ont. as we'll as other financial coad1-
lions of Mr.. Carlisle's accounts.
Among the statements made by Mr..
Smith, was one to the effect that he
could find no credit to the bank, OF
anv of the amounts of money alleged
IN have been accepted by Mr.. Car
isle for extension of credit to va
rious parties, except one check, OF
Mr.. J. J. Lane, which had been placed
to the plantation account OF Mr.. Car
Isle.
II was stated, in regard to Mr.. Car
isles condition during 1907 and 1908,
that he owned 1S4 shares of the bank
stock in 1907, and 212 in 1908, practl-
cally all of which had been found to
have been pledged as security for
loans at other banking institutions.
Mr.. Smith had made up a list of the
assests and liabilities Of Mr.. Carlisle
during these years, and found that IN
1907 his assets were about thirty
thousand, with liabilities Of over forty
thousand, in addition to $4,000 was
to the national bank, making total
Of $4,000. The liabilities in that year
exceeded thr assets by about S22,-
600. In 1908 the assets we're given at
$4,000, with total liabilities Of over
$4,000. In 1909, the assets were stat
ed to be about $4,000, with liabilities
of nearly $4,000.
An examination of the books OF
the Cold Point Granite company,
showed the accounts of the city OF
Florence, the McGee Concrete COM
pany, and the Southern Paving and
Construction company, on whom
drafts had been collected through the
National bank, and which had been
refused payment, we're found closed
on the books, showing that the Cold
Point Granite company had received
payment for the drafts.
On the cross-examination, Mr..
Dominick, after going over few pre-
liminary matters, stated the first
charge on the indictment, that of
overdraft on his personal account,
was on January 2, 1908, and made it
clear that there were no charges in
the indictment prior to that date, for
this offense. The condition of Mr..
CarlisIe's account was taken up. 1t
was stated that as shown by the ledg-
er the account was overdrawn on the
31st of December, 1907, s3,11O.15. The
amount of checks paid from the in
dividual account during 1903 was CIV
en- at S4,76S. The amount of the
deposits between December 81, 1907,
and the SAME date in 1908, was stated
to have been s4,3214S, aside from the
notes given to cover overdraft. This
made s446.73 more checked out than
deposited during the year 1908, the
period covered in the indictment.
From January 10, 1905, to the end
of the year, Mr.. E. A. Carlisle was
cashier of the bank, and it was shown
that during his administration, the
account was in better shape than
during any period following.