The Bossier banner., 1921-07-14
BENTON PARISH LOUISIANA THURSDAY JULY a. 1921

= Ia, 1921.
the resources OF the bank were approx
imately $91. 600, with deposits amount
ing to $3;s500. The ledger showed that
the bank was insOlvent to the amount
.of $107. 600, with no resources available
to liquidate the shortage"
Mr.. Thomas testified that number
OF time deposits had been received by
Perry, OF which no record had been
entered on the books. Certificates OF
time deposits we're introduced In evi-
dence to corroborate the statement.
Among them was one held by w. Il.
Mothershed for $500, ISSUED by Perry
November 26, 1920 Another certif-
ieate for $1,000 showed that it was
issued on--the same date the Mother
shed certificate was issued, there being
a discrepancy Id the serial numbers OF
the two certificates OF nearly SOC. An
other time certificate issued by Perry
to J. NJ. Demoss. for 5000, was also
placed In evidence. which, the witness
said. had never been entered on the
books.
The hank has been insolyent for at
least five years, Thomas testified
. The books showed that Il had $4,000
capital stock, 5000 surplus and $3.,-
100 Indebtedness since 1917 Many
false entries were found In the hooks.
dating hack to 1914. Perry came to
Plain Dealing. while the inyestiga tfon
was In progress. and stated that he
could explain these entries, hut when
Il presented him with list of names
of depositors from whose accounts
certain sums had been extracted, lie
turned white as a sheet and came near
fainting. The list was lii his hand
writing. He refused to explain It"
KErf INDEX 70 sHearAGE.
On cross-examina ton, Thomas said
that when the bank examiners depart
ment checked up the, books April 18Th,
they We're found to be correct. :. IL
they had not been correct, the wit
ness testified. the hank would have
been closed then. We fDnnd during
the Investigation, which was started
April 25th. that Humbers OF sc0rched
and burned sheets had been extracted
from the banks ledger. These sheets
were found on top OF the vault On
these sheets were mystic figures and
key letters referring to amounts that
had been taken from the accounts of
depositors. whose names were indi-
Gated Iig the initial letter. Over
$4,000 OF time depOSit certificates and
$SS.000 Of individual accounts were
found to- be out OF balance on the
books"
css. staples, Assistant BaHk Ex-
Ealnls1er, who aided In mn king the audit
OF the banks books. c0rr0bofated the
Testimony OF Mr.. Thaznas ling that
the sheets which had heem extracted
from the books and others inserted, re
yealed d shortage Of $121.124, which
was not shown In the books as they
were left by Perry"
Staples stated. however, tlaaf saied
he had completed the origil3al audit. be
had discovered an error OF $13, ,OOl),
which has been credited In Perry's
favor.
NO DIRECTORS MEETING.
$. H. Cochran, president Of the de.
funct hank, said that he had lost
$4,000 through the banks failure. 81
have been president OF the Rank of
Plain Dealing for six years, he said
and during that time have never
called a meeting Of the board OF direc.
tors. Perry, the cashier, had been Ell,
trusted completely with the hanks
affairs. He had been instructed Il
refer all applications for loans to tile
loan committee Of the hoard Of dir
ect0rs."
G. I. Mays, a director Of the bank
testified to having been present when
i =