The Lancaster news. [volume] (Lancaster, S.C.) 1905-current, 1917-02-27
LANCASTER CASHIER
CHARGED WITH CRIME
SHORTAGE DISCOVERED I'M
MACKEY'S ACCOUNTS.
Official Of First National Bank.
Popular Young Man, Has
Been Arrested.
+ + + + + r i. + + i. r I. l.
NO CAUSE FOR ALARM


Noh"i pdhh OF Lancaster have g.
voluntarily executed bond r.
+ guaranteeing the bank against I.
r any Impairment OF capital r.
+ stock or surplus and in addi- T.
+ ton, j. William Pole. National D.
= Bank examiner. says that there I.
+ is not the slightest reason for E
= any depositor to feel any alarm d
+ as to the banks condition. p
These statements were made d
r following discovery of the fact p
+ that there was shortage in tho a.
= accounts of the cashier. D
+ + + + 4. + + I. + + r 1! r = r d
AS result of Investigations con-
Quoted into the affairs of the First
National Bank of Lancaster for tho
last 10 days by an examiner. a short
age in the accounts of the cashier
has been discovered and f. Curtis
Mackey. who has been cashier of the
institution, has been arrested chare-
ed with embezzlement Mr.. Mackey
was carried before John T. Green,
United States Commissioner, and
placed under bond Of $4,000 for his
appearance at the next term OF Fed
.eral court for the Western District
of South Carolina.
When first charged with the defaI-
cation, Mr.. Mackey stoutly denied
that there was anything wrong with
his accounts and when arraigned be-
fore the commissioner he was releas-
ed on nominal bond, since those
concerned all thought that he was in
nocent. Later il became clear thar
the matter was more serious than was
at first thought and a demand for
additional bond was made, which de-
mand the defendant complied with.
/ j. William Pole National Bank
Examiner, arrived in Lancaster on
February 16 to make the customary
examination of the books. He soon
discovered that something was
wrong and he summoned Assistant
: Examiner G. NJ. Trammel and the
two examiners have been hard at.
work on the case ever since. They
finally charged Mr.. Mackey with the,
embeZzlement and the examiners say
that he admitted his guilt
\ The exact amount Of money gone
from the bank has not been determ-
ined. nor. has it been possible to es-
tablish just how long the funds have
been disappearing. AS is pointed out
in Mr.. Poles statement, the work of
a National bank auditor will be nee
essary TO determine this.
In taking to reporter this MORN
ing, Mr.. Pole declared that there is
no reflection on the bank officials be-
cause of this incident He says that
no matter how carefully the affairs
of banking house are conducted,
there is always possibility that
some trusted employe will abuse his
privileges and that a trained exam
iner is necessary to discover the de-
feet in the books The examiner told
the reporter that the First National
Bank of Lancaster is as we'll managed
by as capable men and officers as any
bank in the State and that the pub
~ ''"O"-N HOI III any way CenSurG
those in charge of the institution's
AFFAIRS because of this one happening
Mr.. Nackey came to Lancaster
when the National Bank of Lancaster
was organized in 1905; he was a coll
lector for the institution at that time
but managed to rise rapidly by rea-
son of his personality and business
ability until he became cashier a lit
tie over one month ago. No young
man OF the city enjoyed the conf.
dence and trust of the people more
than did Mr.. Mackey and every one
considered that his character wa,
above reproach. His conduct has
never called for one word of critt
lcism and the present revelation kas
therefore been much more severe or
his friends than would usually be thu
case.
Mr.. Mackey has been interested Al N
a Lancaster drug concern and also IN
a mercantile establishment at Heafl
/ Springs, which =, town is the youn4
mans home. 4&
! A meeting OF the directors of th
bank was held last night at whicl
AA ~ n