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SECRECY PERIOD EXTENDED BY AUDIT Special to The for Erwin signed Judge court The order was Lieut of defunct The original the Erwin Charloste certified public was June with the audit affairs Governor This the ing report for days for the the which to propose The resignahereby my the Bank Blacksburg. effective the and qualifiesmy successor Attorneys representing various creditors and depositors the bank yet agreed upon perina but have decided the the ment of temporary receiver
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RECEIVER BANK'S SHORT IN of South Lieutenant Governor Faces $29,000 EmCarolina bezzlement Charge. Gaffney. today the made public clerk of court here revealed in the accounts shortage of ButLieutenant the defunct Bank as receiver of Gov. Butler was appointed Lieut. bank when fallreceiver for the creditors last last March demanded BUT audit and ordered by Circuit Judge Maudlin. The sealed nudit was returned the court and opened today. Lieutenant Governor Butler signed as receiver last month and in Union under physician's Says Daughter Union, Sept. Garner, daughter LieutenArnold, told ant Governor the Associated Press today he was seriously her home would have no statement to make the reported shortage of his accounts receiver defunct Bank of Blacksburg.
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SOUTH CAROLINA OFFICIAL SHORT AS BANK RECEIVER Audit Shows Deficit of in Accounts of LieutenantGovernor. Sept. audit made public today by the Clerk of Court here disclosed shortage of $29.000 in the accounts of Butler as receiver of the defunct bank of Blacksburg. Butler was appointed for the bank when failed last year. Its creditors last March demanded an audit and ordered by Circuit Judge Mauldin. Butler signed receiver last month and now under a physician's care.
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Audit Shows Shortage In Accounts of Butler Gaffney, S. C., Sept. 5 (AP)-An audit made public today by the clerk of court here revealed a shortage of $29,690 in the accounts of Lieutenant Governor T. B. Butler as receiver of the defunct bank of Blackburg. Lieut. Gov. Butler was appointed receiver for the bank when it failed last year. Its creditors last March demanded an audit and it was ordered by Circuit Judge T. J. Mauldin. The sealed audit was returned to the court and opened today. Lieut. Gov. Butler resigned as re-
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S. C. Official is Short in Account Lieut. Gov. Butler Lacks $20.000 as Bank Receiver, Charge campaign. Oct. 9 to 21. according to GAFFNEY, S. C. -(P)- An audit n statement issued today by Grover C. made public today by the clerk of Neff. chairman. court here revealed shortage of $20. 000 in the accounts of Licut. Gov. T. This joint chairmanship is R. deB. Butler as receiver of the defunct parture from the policy of former years, according to Mr. Neff. Mr. Schwenker bank of Blacksburg. Licut Gov. Butler was appointed re- banking commissioner, and Mr. Bump. ceiver for the bank when it failed last, of the attorney general's office have both worked in former campaigns and year. Its creditors last March dcso are familiar with the work. Mr. manded an audit and it was ordered Schwenker has also worked with Comoy Circuit Judge Mauldin. munity Fund campaigns in other cities. Lieut. Gov. Butler resigned as re"My experience in a city where each ceiver last month and is now under R agency carried on its own campaign for physician's care. funds has shown me the value of one
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BANK RECEIVER'S ACCOUNTS SHORT Gaffney, S. C., Sept. (AP)-An audit made public today by the clerk of court here revealed a shortage of $29,690 in the accounts of Lieutenant Governor T. B. Butler as receiver of the defunct Bank of Blacksburg. Lieut. Gov. Butler was appointed receiver for the bank when it failed last year. Its creditors last March demanded an audit and it was ordered by Circuit Judge T. J. Mauldin. The sealed audit was returned to the court and opened today. Lieut. Gov. Butler resigned as receiver last month and is now in Union, S. C., under a physician's care. HIGH TIDES. (Daylight Time.) A.M. P.M. 10.35 10.45 Friday, Sept. 5 11.16 11.24 Saturday, Sept. 6 New York-Mrs. Graham Fair Vanderbilt is to build $200,000 fivestory house on East 93rd street, near Fifth avenue.
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BANK RECEIVER UNDER ARREST UNION S. C., Sept 6 (UP). Lieutenant Governor T. B. Butler of South Carolina, technically under arrest for a $29,680.82 shortage discovered in his accounts as receiver for the Bank of Blacksburg, remained in his sick bed at the home of his daughter here today. Warrants charging him with embezzlement were served last night, but bond of $5,000 was arranged. LINDBERGH WAS THE 67th MAN TO MAKE A NON-STOP FLIGHT ACROSS THE ATLAN. OCEAN! Ripley proved it in "Believe It or Not," the world's most popular appears exclusively in this newspaper.
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NOTES AND COMMENTS. Europe reports the tourists about all gone. They have just about finished the last one. Every now and then someone you haven't missed bobs and tells you he is back again. We all have our faults, but admission doesn't give everyone license to talk about them. dispatch says music soothes German cows. Certainly not an American jazz orchestra. next to impossible to get on the road to hapneed progressive legislation that must be piness by getting off the path of duty. rooted deep an altered public attitude toward crime and the criminal," says Associate Justice Joseph M. Proskauer, Appellant Division of the Supreme Court New York, in article "How Shall We Deal With in Harper's Magazine. "Dean Pound has sagely pointed out that the law does not lead, but follows public opinion. law two-fold protect Poor hunters always take few dogs for an alibi ciety and to reclaim the offender. For the accomwhen they come home with an empty bag. plishment of both vital that should understand the manifold causes of economic pressure, of There difference between conceit and confieconomic distress, of mental disease, of emotional dence and generally easy to recognize. of physical ailment, which often combine create what loosely call the criminal tendency not bad luck for black cat to cross in front The must take counsel with science In the light of these words the tragic futility of your car, provided gets clear across. much of our criminal legislation becomes apparent. There will be many new dance steps this winter. pass laws against inanimate instruments used commit crime and fail wholly to understand that Only few will be steps in the right direction. laws against an instrument, harmless in the hands The automobile handy contraption, but, after law-abiding citizen, will not eradicate conditions that make the criminal. Justice Proskauer what would do without good pair of pointed out the road that leads to lightened public consciousness and more effective Business criminal jurisprudence takes counsel with Nobody's science. Laws cannot prevent crime. We should work toward protecting society and reclaiming the By Gee criminal without passing volumes of legislation which only obscure the issue, and make more techMY LIFE'S HISTORY. nical law breakers. Gainesville, Ga., Oct. 10, 1930. LOOKS LIKE BOBBLE. Perhaps not, but seems that the receivers the Bank of Blacksburg "made bobble" senting to the agreement with the CasualMaryland Company for the division of the proceeds certain proposed suits on the adopted basis. The agreement appears to the bonding company proportionate share in such amounts as may be covered, whereas the company properly entitled to this share only after the depositors of the Bank Blacksburg have been paid in full and after costs connected with the litigation have settled. Under this agreement the bonding company will be entitled practicaly one-third any amount recovered. Suppose the suits result the collection of $19,680.82, the difference the alleg. ed shortage and the amount paid by the bonding company. There no likelihood this outcome, course, but so the bonding pany would share to the extent of more than $6,000, thus reducing its loss to less than $4,000, the depositors would still be the actly much as the bonding received. company along perhaps with court costs and attorneys' The bond was for the of the given protection interests of the depositors. The company was paid for taking the risk. In fairness, the company entitled to any reimbursement unless and until the depositors have been paid. Then, assets from the particular sources involved such permit action, the bonding company might claim properly fund to the extent of its payment.
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DECISION IN BUTLER CASE Judge Shipp Convinced Present Grand Jury Disqualified to Act. Formal decision to withhold the warrant charging Lieutenant Governor Butler with breach of trust from the present Cherokee county grand jury announced circuit court here yesterday by Judge Shipp after hearing arguments by Southard, 01 Spartanburg, attorney representing the receivers depositors of the Bank of Blacksburg. and licitor Sam R. Watt. Judge Shipp said he convinced it would be waste time have the present grand jury pass an indictment because the jury commissionwho drew the panel depositors in the Bank Blacksburg
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BLACKSBURG MERCHANT GOING IN BANKRUPTCY G. Lee Goode, President of Closed Bank, Has Papers Prepared. G. Lee Goode, well-known Blacksburg merchant, was in Gaffyesterday making preparations for filing papers in bankruptcy. Dobson Dobson, attorwere handling the matter for him. Mr. Goode dent of the Bank Blacksburg, when closed several years ago. He has been operating large mercantile business at Blacksburg.
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CHEROKEE SUED IN BANK CASE Receivers of Bank of Blacksburg Seek to Collect $7,800 From County. S. C., June has filed against Cherokee for the recovery of per cent 1927. Bonebrake and L. Goodson. co-receivers of the Bank of Blacksburg. complaint in the office the late Thomas B. Butler, former lieutenant while he the Bank of from the funds for the purpose taking personal gations. complaint charges the late county treasurer the two for the other for Batler, as receiver, the the receiver did the county
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BLACKSBURG BANK RECEIVERS SEEK RETURN OF MONEY ALLEGED HAVE PAID TO COUNTY IRREGULARLY Claim Certain Transactions Between Butler and Gossett with Bank Funds Improper. IS CONTINUED MEETING IN MAY Absence of Auditor. Due to Illness, Prevents Completion of Probe Yesterday. hearing conducted yesterday the Cherokee county commissioners petition filed by the receivers of the Bank of Blacksasking for adjustment claims totalling $9,655.33 was tinued until the next regular the commissioners in May because of the absence of Yesterday's session special meeting called to hear the claims which are pased leged irregularities in transactions between the late Butler, receiver the Bank of BlacksLurg, and the late Gossett, Cherokee county treasurer petition filed GoodBonebrake, present receivers, succeeded Governor Butler when latter resigned some time beThe petition based two transactions alleged to have been check irregular, $3,000 and the other check $4,800, both drawn payable Cherokee county July 1927, endorsed by Mr. Gossett treasurer. The checks sued Lieutenant Butreceiver's account. The presreceivers asking for the are of this money with interJuly 1927. The receivers were represented hearing by Southard, Wilson Wilson Rock Hill, and DobDobson, Gaffney, torneys. Hall, county torney, Cherokee Mrs. M. Mullinax served taking down the testimony The hearing continued due the absence Erwin, of Charlotte, auditor for the firm Walter Charnley which made examination records of Lieutenant GoverButler receiver and which revealed reported shortage something over $29,000. Mr. could not be here on account illness, the commissioners were informed. He will asked attend the next which will be May resumption the hearing Attempts made yesterday trace the questioned transactions the testimony of connected the bank and former banks. did question the cross witnesses but objecttestimony not the rules The county had witnesses moned.