The Caucasian., 1913-11-25

LOOTED 4Y CASHIER BOYASTON
AND TWO AsSIsTANTs.
4 SURPRISING EXPOSURE
B. B. ferry, . Promotes 10 The Toils.
John r Brown Of Fort Worth, Is
Wanted On Q Warrant as an Alder
end Abeltor .. Boylsto0 Coefesses.
When Friday eseaiag r. B. Nard,
assistant State Bank Examiner, ar
fised 10 AhreSepoTe srom Oil City,
Caddo Parish L., Slsere Bank Es-
aminer Will 6. Soung sac engaged
ip a0 examinations OF tse condition
M this bank, reached the Continen-
tai Bank ana Trust Company and
reported tho condition of the Oil
City bank, the office1v of the Con
tinental were startled and hesitated
in giving credenee 90 the statement.
They weIo amazed Before being
assigned 20 the important and re-
'sponsible position of cashier Of the
Oil City Bank when opened about
two years ago, Cashier Boylston had
been an employe of the Continental.
He was diligent in all his duties and
had acquired the unlimited con-
fidence of his employers, who were
shockingly grieved when they real
lied that they were unwittingly the
dupes Of Boylston. So great was
their confidence in Boylston's integ-
rity that they were doubtful of his
intent to defraud until he had con-
fessed his guilt and implicated B. B.
Terry, an oil field operator, who was
at one time connected in the lumber
business.
A more detailed examination by
State Bank Examiner Young dis
closed greater irregularities than
had been expected. About midnight
Saturday Deputies Haynes and Ras-
coe reached Shreveport having II
custody w. H. Boylston and B. B
Terry, whom they had arrested al
Oil City, and whom they jailed II
! the parish prison.
The charge against Terry is tha'
of drawing and creating an over
draft of $t3,75i.5i in violation 0
Section 877 of the Revised Statutes
| There are two charges agains
Boylston, one that he did knowing!.
make false entries on the books o
the bank to defraud and to deceive
that other that he did appropriate
| to his own use and for the benefl
of others 1854. The penalty TO
this. on conviction, is from one t.
ten years in the penitentiary.
| In the statement bN the bank il
presented the details of this fraud
ulent transaction and this disregar
of good faith and implicit conf
dence following the arrest of tn
two men. The statement follows:
i The Banks Statement.
| We consider it due by us to tn
n1hlic TO make a full, frank an
open statement concerning tn
shortage of Mr. Boylston at ou
branch at Oil City. We wish tosa
in the rsfit place that when trust
ed employe such as he was conceal
} lledger leaves showing accounts an
overdrafts it is almost impossible
protect against such dishonesty. M
BoylstOn came Of one of the be-
families of Coushatta, being a son
.l.Dr. Boylston, and was almost reare
: in bank.
He worked for us about four yeaI
ago in most satisfactory way
every particular ,and came TO
Al most highly recommended. The a
ii sistant bank examiner, MT. War
: and our vice president, Mr.. HoWar
went to the branch bank on Frlda
to make an examination, and thel
> was located considerable dlScreI
ancy between his general ledger al
6 the individual ledger, which was =
: lported back to us late that eyenln
8 which was the very first knowledt
7 any head officers had Of anythlI
: wrong. Early Saturday mornll
= = our president went with Mr.. Wa
= and Mr.. Howard, and also secure
the services of AN expert accoun
ant to completely audit the boo
and if possible locate the dlffefent
not then knowing for certain tn
: there was any criminal Wrong-d
= ing.
III By persistent questioning we s
- cured from Mr.. BoylStOn compile
" statement about his dealings a
hnx, ho had concealed the matt