The Wilson times. [volume] (Wilson, N.C.) 1896-19??, 1911-06-16
Bank Examiner Daughton is Not Yet
Through With the Books---Hussey
Has Not Given Bond
FUNERAL OF Mr.. HART TO Be HELD THIS AFTERNOON

Tarboro, n. c., June 15.-Mr. J. K.
Doughton, State Bank Examiner, at
noon today has not completed an ex-
animation of the books of the Bank
of Tarboro, which will be forced into
voluntary liquidation by reason Of the
shortage of its cashier, Mr.. Luther
Hart and his assistant, Mr.. Braxton
Hussey, but he has gone into the mat
ter sufficiently to believe the shortage
will approximate 100000.
The examiner finds that the cashier
and his assistant had knowledge OF
the irregular transactions during a
period Of time covering two or three
years. How much farther back has
not yet been determined.
AS to how much the depositors will
be able to recover is also in doubt.
The bank is capitalized at $4,000 and
the double liability will realize $780,
600. If the loans are in good shape
the depositors should be able to col
lect from Is to 100 cents on the dol
lar, but the stockholders from pres
ent indications will be hit hard.
Hussey is still in jail in default of
$4,000 bail. His Wife's father in
Halifax county has been appealed to
for assistance and it is thought his
bond will be arranged.
The funeral of Mr.. Hart occurred
this afternoon at four O'Clock.
As Bank Examiner Doughton delv-
ed into the books yesterday, he began
| to find entries that needed explana-
ton. OF this he asked Braxton Hus-
sey, the assistant cashier, who, after
being piled with questions, broke
down and stated that the stealing had
been going on for seven years and
that he was glad it was all over;
that he knew the crash would come
and he was glad that the suspense
was over.
Solicitor Allsbrook, apprised of this
confession, swore out warrant for
Mr.. Hussey and had him bound over
to court
Mr.. Hussey says he received $12,-
500 Hussey's bond is fixed at $15,-
900.
Mr.. Hussey not only made a confes-
sion, but he also conveyed to the
bank every item of property that he
had.
/ Hart left his duties at the bank
about one O'Clock, going home to din
liner, went upstairs and while his wife
was preparing the noon meal shot
was heard. Rushing upstairs to the
IrOOm, the dying man was found lying
upon the bed with a bullet hole en-
tireIy through his head, with the
blood oozing from the wound. There
was but one shot fired, the ball enter
ling just above the temple on the righ
side and ranging entirely through
the head and coming out just below
the ear on the left side He lived
two hours, never regaining con
sciousness Mr.. Hart was a member
of one of the most prominent families
in the State and considered one o
Tarboro's leading citizens. He wa:
iabout 35 years old. His wife and
two sons survive.
The Bank of Tarboro was organ
lied in 1895, and was one of the bes1
known banking institutions of tht
: town Tarboro has four banks. The
capital of the Bank Of Tarboro Is
/ S25, 900 with surplus and undiVide{
profits amounting to about $4,000
while the total resources amount te
1about $250,OO0. The statement made
March 7th was the most recent on filf
at the Commission's office-the one
Ifor June not having been made-ano
this shows time deposits of S46
and deposits subject to check of SIPS
$50. Mr. John F. Shackelford, Of
Tarboro, is president of the bank.