Newspaper Page Text
IN CARLISLE CASE
(Continued from page six)
000, leaving an overdraft, counting
the notes as authorized of $1,197.37.
During 1908 checks were paid to
the amount of over $4,000, and it was
stated from the figures that exclud
ing the two unauthorized notes, the
indebtedness of Mr. Carlisle had in
creased from the first of October, 1906,
to the time of his resignation from
the bank, by about $5,000. The
amount of Mr. Carlisle's overdraft,
beginning with 1907, and allowing the
notes, considering them as authoriz
ed, at the end of that year, was given
During the afternoon session of the
court, Mr. Smith was' interrogated
concerning the account of the Cold
Point Granite company, and it was
stated that from the first of October,
1906, at which time the account was
overdrawn, there was no period until
the close of the account, when it -as
not overdrawn. The overdraft at the
beginning of the year 1908 was $3,
624.22, and at the end of this year,
6,771.32, making an increase of $3,
147.70 during this year, in overdrafts.
At the begining of the year 1907, the
overdraft was $4,147.25, but this was
decreased during that year to $3,
624.22. It was also stated that the
overdraft increased from $61.66 in
July, 1905, to $6,771.32 at the close
of the account, an increase of over
$6,030. A number of other financial
details of this company were brought
out, as well as other financial condi
tions of Mr. Carlisle's accounts.
Among the statements made by Mr.
Smith, was one to the effect that he
could find no credit to the bank, of
any of the amounts of money alleged
to have been accepted by Mr. Car
lisle for extension of credit to va
rious parties, except one check, of
Mr. J. J. Lane, which had been placed
to the plantation account of Mr. Car
It was stated, in regard to Mr. Car
lisle's condition during 1907 and 1908,
that he owned 184 shares of the bank
stock in 1907, and 212 in 1908, practi
cally all of which had been found to
have been pledged as security for
loans at other banking institutions.
Mr. Smith had made up a list of the
assests and liabilities of Mr. Carlisle
during these years, and found that in'
1907 his assets were about thirty
thousand, with liabilities of over forty
thousand, in additon to $12,000, was
to the na,tional bank, making a total
of $52;000. The liabilities in that year
ex:ceeded thr assets by about $22,
000. In 1908 the assets were given at
$32,000, with total liabilities of over
$61,000. In 1909, the assets were stat
ed to be about $38,000, with liabilities
of nearly $69,000.
An examination of the books of
the Cold Point Granite company,
showed the accounts of the city of
'Florence, the McGee Concrete com
pany, and the Southern Paving and
Construction company, on whom
drafts had been collected through the
National bank, and which had been
refused payment, were found closed
on the books, showing that the Cold
Point Granite company had received
payment for the drafts.
On the cross-examination, Mr.
Dominick, after going over a few pre
liminary matters, stated the first
Scharge on the indictment, that of
overdraft on his personal account,
was on January 2, 1908, and made it
clear that there were no charges in
the indictment prior to that date, for
this offense. The condition of Mr.
Carlisle's account was taken up. It
was stated that as shown by the ledg
er the account was overdrawn on the
31st of December, 1907, $3,110.15. The
amount of checks paid from the in-I
dividual account during 1908 was giv
en at $4,768. IThe amount of the
deposits between December 31, 1907.
and the same date in 1908, was stated
to have been $4,321.48, aside from the
notes given to cover overdraft. This
rmade $446.73 more checked out than
deposited during the year 1908, the
period covered in the indictment.
From January 10, 1905, to the end
of the year, Mr. E. A. Carlisle was
cashier of the banli, and it was shown
that during his administration, the
account was in better shaype than
during any period following.
The list of assets calculated by Mr.
Smith was attacked in this cross-ex
amination by Mr. Dominick, and it
was revealed that the realty and per
sonalty had been calculated from the
tax books, counting these figures at
60 per cent. of the true value, and
that the stock had been calculated at
par, when they were really worth
much more than this. Mr. Smith,
however, stated that he would con
sider Mr. Carlisle insolvent, from the
caifeful investigation of his affairs
that he had made.
A reference to the books was made,
and Mr. Smith was asked to find the
indebtedness of Mr. Carlisle to the
_.bank for every year since he had be
come president. The first figures in'
1900, showed notes of $1,242.17 and
From this figure the indebtedness
was.found to have gradually incraas
ed until in 1907, the overdrafts were
at thp beginning of the year, $734.60
and nozes, $12,107.67. In 1908 the
notes were $15,570.87, and overdrafts,
$3,110.52. At the beginning of 1909,
the notes were $18,248.35, with over
drafts on individual account of $486.34
and plantation account of $210.14.
Some attention was also given to
the plantation account matters, and
to the three drafts drawn by the Cold
Point Granite company, for which
funds had been collected from the
bank, the unpaid drafts being held
against the company.
Court will convene this morning at
10 o'clock, and at that time, it is un
derstood that both the prosecution
and the defense have some further
cross-examination for him. It is
probable that whatever witnesses are
put up by the defense will be begun
very shor-ly after court convenes.
Worse Than Bullets.
Bullets have often caused less suf
fering to soldiers than the eczema L.
W. Harriman, Burlington, Me., got in
the army, and suffered with, forty
years. "But Bucklen's Arnica Salve
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writes. Greatest healer for Sores,
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Bruises and Piles. 25c. at W. E. Pel
J. .. Langford is hereby nominated
for mayor, subject to the primary
P. F. Baxter is hereby nominated
for mayor, subject to the primary
Alderman Ward 1.
Jno. W. Earhardt is hereby nominat
ed as alderman for Ward 1, subject
to the primary election.
Alderman Ward 2.
R. B. Lominack is hereby announced
for reelection as alderman for Ward
2, subject to the primary election.
John B. Mayes is nominated for
alderman from Ward 2, subject to the
rules of the Democratic primary.
Alderman Ward 8.
Clarence T. Summer is hereby an
nounced as a candidate for alderman
for Ward 3, and will abide the rules of
the Democratic primary.
Alderman Ward 4.
I hereby announce myself a candi
date for alderman from Ward 4, sub
ject to the rules of the Democratic
Ollie 0. Smith.
E. L. Rodelsperger is hereby nomi
nated for re-election as alderman for
Ward 4, subject to the primary elec
Alderman Ward 5.
0. S. Goree is hereby nominated as
alderman for Ward 5, subject to the
W. C. Bouknight is hereby an
nounced as a candidate for alderman
for Ward 5, subject to the primary
T. S. Hudson is hereby nominated
as alderman for Ward 5, subject to
the Democratic primary.
Trustee Ward 3.
The friends of Hon. Otto Klettner
nominate him for re-election for
school strustee from Ward 3, subject
to the rules of the Democratic pri
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REPORT OF THE
At the Close of Busines
Condensed from Report
Loans and Discounts - - - $375,021.94
Furniture and Fixtures . . . 3,116.93
Real Estate - - - 9,750.00
Overdrafts, Secured and Unsecured - 2,709.27
Cash on hand and with Banks - 35,553.86
401o Paid on Sa
The Bank That Alwa
JNO. M. KINARD, O. B. ]
Dull Season Prices
Every Artcile Priced Way Down to Stimulate the
Trade. Take Advantage of Our Low Prices
Purchase Your FaH and Winter Goods Now
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The Short Cotton Crop will force prices Sky
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ALL OUR FALL AND 'WINTER GOODS
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Come! We need money tospay what we
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0. Kle ttner
THERE IS ONLY ONE
STA TE FA IR
It Will Be Held in Columbia on
CTOBER 31, NOVEMBER 1, 2, 3, 4.
The people of this State generally make this their one
meeting place of the year. Any information that is de
sired will be given by
MR. JOHN G. MOBLEY, President, Winnsboro, S. C.
MR. D. F. EFIRD, Secretary, Lexington, S. C.
Whether you want build-'ng ma
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NEWBEDRV LUlMBER COl
. CONDITION OF
s September 22, 19:
of State Bank Examiner.
Capital Stock - -
Surplus and Undivided Pro:
Dividends Unpaid -
Bills Payable -
Deposits - -
.ys Treats You Right.
Takes great pleasur<
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Subscribe for The Herald and News.
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Fits - - 65,561.76
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J. Y. McFALL,
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