The herald and news. [volume] (Newberry S.C.) 1903-1937, 1910-10-14
NJ, A, CARLISLE CASE
IN FEDERAL COURT
SETTLEMENT MADE AND ACCEPT
ED BY BANK.
President B. c. Matthews Testifies as
to Agreement Between Bank
and Carlisle.
Ereenyille News, Oct. IL.

Greenyille News, Oct. II.
That Milton A. Carlisle, former
president of the Newberry National
bank, now on trial on the charge OF
misapplication of the funds OF the
bank, in the special term Of the United
States district court here, made an
assignment of considerable amount
of personal property for the benefit
of his personal Indebtedness to the
bank, developed yesterday afternoon
during the cross-examination OF 3.
C. Matthews, present president OF the
bank
The personal property included GER
tain life insurance policies, to the
extent of about ten thousand dollars,
face value, which are now the prop
eartv of the bank, and are enumerated
among the assets of the same, accord
ing to evidence brought out yesterday
afternoon. The case was gotten we'll
into yesterday, but it is probable that
:at least another day will be consum-
ed in taking of evidence, and another
in the arguments, and present 1ndlca-
tions do not point to the rendering OF
the verdict before Friday, at the ear
1iest.
Sometime was consumed yesterday
morning by the court, which was
called by Judge Brawley about 10
O'Clock, in the drawing Of the jury.
When the panel had been completed'
the defendant was asked to enter his
plea. but his attorneys asked that the
Indictment be read. After some ar
.gument on this point, Judge BraWley
ordered the indictment read. The
document is quite lengthy, containing
over three hundred pages OF type
written matter, in which are set forth
1852 separate counts. It was at first
supposed that it would take the re-
mainder of the day to get through
this, but District Attorney Cochrane
stated that all the counts could be
embraced under eight or nine sep
arate heads, and that it would be nee
essary TO read only the first of each
division, the others being different
only in details of figures, name, etc.
Counts 1 to IS inclusive, perta1ned
to misapplication of the funds of the
bank with regard to the personal ac-
count of Mr.. Carlisle, and alleged that
during the years of 1907 and 1908, for
the most part, he overdrew his ac-
count, and made the overdrafts good
by his personal notes, unsecured, this
being done, it is alleged, without the
consent or approval of the directors,
or officers of the National Bank asso-
citation. Count II related to the plan
-tation account of Mr.. Carlisle, against
which the allegations we're Of the
same nature, as also were counts Is
and 146, which related to the account
of the Cold Point Granite company, a
corporation alleged to have been in
solvent from it's incipiency, and of
which Mr.. Carlisle was president and
treasurer. The remainder of the
counts related to accounts Of indivi-
duals, and to loans which had been
made, it was alleged, upon drafts up
on cities, etc., which we're refused
payment upon presentation.
After the reading of the indictment
Mr.. Carlisle entered his plea of not
guilty to the entire indictment, in
cluding all counts. Mr.. Cochrane, the
district attorney, then read laws num-
Der 5,2O9, and 5,2OS, a violation of
which former composes the bulk Of
the indictment. He then mad a state
ment Of what the government would
endeavo- to prove in the case.
The sovernment would offer to
prove stated Mr.. Cochrane, that the
National Bank OF Newberry was an or
ganized national bank, that Mr.. Car
Isle was president and that during
the year 1908, he vas insolTent. or
hopelessly involved, and that he
should have known that any money
drawn by him would not or could not
have been paid back by him.
That all that time, he was over
Il drawing his account, and that the
u government would also offer evidence
that he had previously overdrawn his
Il account, and was drawing notes
4 against these overdrafts, and that he
had done this without the authority
a Of the board Of directors. His in
III h+o5,oce m tho hank 11ndaT these