The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1914-09-05

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"St. Francisville, La, Aug. 80, 1914.
Honorable Ruffin G. Pleasant,
Attorney General,
New Orleans, La
Dear Sir:
"On the 18th inst, Mr.. G. G. Rives,
Jr., Assistant Bank Examiner, made
an examination of the Farmers and
Merchants Bank, of St. Francisville,
La, and following that examination a
report was made to you by this De-
partment detailing certain irregulari-
ties in regard to non-payment by the
subscribers to the capital stock of the
bank, and certain violations of law, on
the part of the Cashier, to which your
attention is again directed.
'These findings also were reported
to the directors of the bank, with the
result that the resignation of Mr..
Henry T. Pye, as Cashier, was de-
manded.
81 am told by the directors, that
Friday, the 28th inst, was the date set
when a committee of the directors
were to come and check up Mr.. Pye's
accounts and install his successor;
that on that date Mr.. Pye absented
himself from the bank and since has
been confined to his home, suffering
from severe illness; that, fearing seri-
Gus trouble in Mr.. Pye's accounts, they
thought it best for a representative of
the Banking Department to be present
when his accounts were again gone
into, and with that end in view they
telephoned for me to send a represen-
tative or be present in person at such
checking.
''In response to their telephone mes
sage, | arrived at st. Francisville on
the night of the 18th inst. and began
an investigation into the affairs of the
said bank early on the morning of the
10Th inst.
con counting the cash in the bank,
there was found to be shortage there
in of $2,507.40 That is to say, the
cash lacked that amount to agree with
the cash account as shown by the gen.
eral books of the bank; but found in
the vault 26 shares of stock of the
Farmers and Merchants Bank, of st.
Francisville, La, being certificate No.
8 for / share and certificate No. II for
Is shares. both certificates issued in
the name of H. T. Pye and by him as
signed in blank.
"The Teller's Cash Record kept by
Mr.. Pye shows that each day since the
25th of August there has been ADDED
into the cash count $2,500.00, but there
appears no ticket or other memo
randa to explain why the $2,5OO.GO
should have been so added to the cash.
'If the stock is the property of Mr..
Pye, he is short in his cash account
to the extent of $2,50740
"The books of the Farmers and
Merchants Bank, of st. Francisville,
La, show: On July 8, 1914, the account
of the Louisiana National Bank, of
Baton Rouge, La, was debited with a
remittance letter, the total of which,
on the records of the Farmers and
Merchants Bank, as per carbon copy,
appeared to be s1,O19.34, which was
the amount actually charged on the
books of the Farmers and Merchants
Bank.
"The original letter of remittance
which was received by the Louisiana
National Bank, of Baton Rouge, La,
contained items aggregating only
1884, which was the amount actually
credited by the louisiana National
Bank to the account of the Farmers
and Merchants Bank, and which was
exactly $4,000 less than the amount
charged to the Louisiana National
Bank by the Farmers and Merchants
Bank, for this remittance letter.
"This original remittance letter has
been inspected by me, and it differs
from the carbon copy on file in the
Farmers and Merchants Bank, in that
a certain item for .S95000 appears tc
have been erased. No erasures or can
collation. appears on the carbon copy
of the letter in the Farmers anG
Merchants Bank, and the full amount
of $1,019.34 was charged to the Louisi
ana National Banks account on the
books of the Farmers and Merchants
Bank, of st. Francisville, La, and M
record appears there of any subse
quent cross entry crediting back this
amount.
1.-THE item in question, as shown b,
the records of the Farmers and Mer
chants Bank, was draft drawn b,
F. O. Hamilton on the Capital Cit,
4