The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1921-05-04
SHORTAGE FOUND IN
BANKERS ACCOUNT
W. /. {. Bates, Jr, Tells of Humid -cd
and Fifty Thousand Deficit
AMOUNT MADE GOOD;
NO LOSS TO BANK
Directors and Examiner Issue State.
ments Saying That Amount Has
Been Replaced. No Danger
to DepOsitOrs.

A shortage of $153,249,7o in the
accounts or W. L. c. Bates, Jr., ar
assistant cashier of the Liberty Ma
made public last night in a STATE
ment issued by the directors Of the
institution, who at the same time an
nounccd that the amount had been
made good by the directors. the rol-
atlves OF Mr. Bates and by MIR. Bates
himself. "''e"
A. 5. Manning, president of the
bank, said last night that existence
OF the shortage became known to the
0ank officials several days ago when
Mf. Bates went to Julien C. Rogers.
the cashier, and told him of the mat,
ter. " '''' mat
Late last night Mr.. Bates had moi
oeen arrested, but was at his home
in Columbia. '''''''
Fully Protected
The matter is being handled by @
H. La Kouque, national bank exam
mer, who when asked for state
mcnt with reference to the shortage.
sad: We are in the midst of our
regular examination and our report.
VIII ne forwarded to Washington as
usual when completed l prefer moi,
to discuss the matter further thop ="
S'aIe that IN my opinion the bank is
fully protected against loss bv rea.
son, OF the shortage disclosed. | will
state further that the records of the
treasury department show that no
depoSltor has ever lost q dollar in
or through n; tiona bank in South
Carolina" 1''
The directors signed statement
last night assuring the depositors
that there will be absolutely no loss
to the bank and that the shortage
has been made good.
The statement, when is signed by
W. A. Coleman, j. f. Timberlake,
Walter Il. Love, T. d. Ruff, S. B.
Fishburne, A. Fl. Kohn, w. j. Con
way, S. X. Oliver, j. w. Mccormick,
r. Beverley Sloan, Fl. II. Hinnant, M,
3. DuPre, Carroll II. Jones, Y. s.
Pearce, r. L. Bryan, A. d. McFaddin,
j. w. st. John, A. Coke, Summers,
Allen l.. Rogers, j. D. Mot, j. K.
Crosswell, William Fl. Inglesby, r.
c. Hamer, Charles II. Barron, Julien
c: Rogers, c. l.. Kibler, d. C. Nc
Alister and A. S. Manning, the di-
rectors, follows:
Shortage Made Good
"Iearning that certain rumors ex-
iSt regarding a shortage in the ac-
counts of w. II. G. Bates, Jr., one of
the assistant cashiers of our bank,
the undersigned desire to make the
following statement to the public,
TO wit:
"a shortage did exist in Mr.. Bates
accounts amounting to $153,249 10, but
this shortage has been made good by
the directors, the relatives of Mr.
Bates and Mr.. Bates.
"Mr. Bates also has assigned for
the benefit of the directors and~thc
bank all of his property, both real
and personal, the major portion Of
the personal property being the as
sets of the Bates Coleman Motor Car
company, of which Mr.. Bates is now
sole owner, having bought the hold
mgs of his former associate, Allen
Coleman, some two years ago.
"Thcrc is now and will be abso-
lutcly no loss to the ban.
"The whole mater is being handled
by the national bank examiner and
the shortage has been adjusted and
the banks interests fully protected
satisfactorily to him."
Mr. Bates has been in the employ
Of the Liberty National bank Of
South Carolina for several years. He
told ollicia Is of the bank, they say.
that the :hort&gc extended over a
period of a number of months.