The Hartford herald. [volume] (Hartford, Ky.) 1875-1926, 1911-04-05
Of Funds of the Utica De-
post Bank.
LEFT GREENSBORO SATURDAY
Shortage Fully Covered by
Bond and DepOSitOrS
Will Lose Nothing.
BANK EXAMINED IN JANUARY

The greensboro Inquirer of Mon
day says:
w. A. Sheriff., until last Satur-
day morning cashier of the Utica
Deposit Bank, has skipped out, and
an examination of the books of the
bank by Messrs. T. A. Pedley and
M. L. ogden, of this city, discloses
that he is short in his accounts, ap-
proximateiy in the sum of $4,000.
The shortage of Sheriff. to that
amount is confirmed by Mr.. Pedley,
and also by DIR. w. E. Holmes, the
latter president of the bank, who
was in greensboro to-day, in con-
sultation with the banks attorneys
Yin regard to the necessary steps to
be taken.
The Utica Deposit Bank was or
ganized about seven or eight years
ago by R. Scott Williams, who acted
as cashier for about two years. The
. capital stock was fixed at $4,000.
AT the expiration of Mr.. Williams
term he was succeeded by w. A.
Sheriff., who has held the position
until last Saturday, when he was
succeeded by Mr.. w. H. Davis, of
Owensboro. formerly principal of
the Grand avenue schools.
It was only recently a new set of
officers were elected by the board
of directors, when DIR. w. E. Holmes
was made president. Before Mr..
Sheriff. severed his connection with
the bank, it was deemed advisable
to have the books examined by ex-
pert bank examiners, and accord
ingly the president was authorized
Z to employ Messrs. T. A. Pedley and
NJ. L. Ogden. The examination of
the books began on last Friday
morning at the bank and in the
presence of Mr.. Sheriff.. The exam
ination only went back about IS
months, and during that period they
discovered a good-sized shortage.
The officials of the bank were noti-
fed of their discovery, but failing
to complete their work, they re-
turned to greensboro, and went
back to Utica Sunday, spending
most of the day on the books. The
examination is still unfinished, and
as far as the examiners have gone,
Sherrill's shortage will reach $1,000
or more.
AS soon as Sherrill's shortage was
made public he came to greensboro
on the 1880 o'clock L. & N. train
Friday night, and after spending
few hours in the city, it is said that
he went to Evansville, and has not
been located since.
1t was only in January that Bank
Examiner Lon Rogers examined the
bank and reported it in good condi-
ton.
At the time of Sherrill's departure
there was about $4,000 in cash in
the vault, but with the money the
bank had in greensboro and Louis
Vile, there was an actual cash on
hand of about $4,000.
When seen by an Inquirer repre-
sentative, Mr.. Pedley who is max
ing an examination of the books,
admitted that Sheriff. was short in
his accounts with the bank approx
mately $4,000. He also stated that
the stockholders of the bank are
men of good financial standing, and
have ample property to cover all
shortage to any of the depositors'
should this become necessary. Mr..
Pedley further stated that none of
the depositors stand any chance to
lose one cent, as Sheriff. is under
a $4,000 bond with the Fidelity
and Deposit Company of Maryland,
as surety, which is more than
enough to cover the shortage. The
statement was made in the presence
of DR.. w. e. Holmes, president of
the bank.
AS to what steps will be taken to-
wards the prosecution of Sheriff.,
the officers of the bank refuse to
discuss at this time, but 1t is more
than likely that a warrant will be
issued for Sherrill's arrest, charging
him with embezzlement.
w. A. Sheriff. came to Utica from
Webster county, and Is a married