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gard to his liability with the bank that June 14 he withdrew from the bank cash the with legal matter handled by his law firm. out of town client had handed him check for $1,175 and requested that he get cashed. As the bankcustom against cashing out town until the items did like asking the bank handle for He therefore his client his sonal check on the bank for and another for $928. the understanding that $928 would be deposited an town bank that the Bank high Trust Company might the "On June Mr. Wesstated further, with unexpec the bank was $10,041. and my statement June one account of approximately $700 and checkaccount of the to in the tes scoring made statement for Owens Wheat: with regard fact Saturshowed July day's testimony the Sept. Owens have Dec. bank of $900 This the Corn: been since $400, and Dr. carried ance on deposit of approximately Sept. $2,000. the cannot Oats: this the attorney adNettles stated that he Sept. half George Rye: garded prime in the Sept. had cool thousand Lard: the time the bank closed July Aycock counsel for the stated that Ribs: present great injustice had been done July number directors the bank Bellies: trend of the testimony Saturday He the directors borrowed July money from the that there Sept. was NEW hardly expect borrow for kept their deposits with be that this First never Third Fourth its Why cannot officers never read statutes banking. While the loans to their directors were must many of these loans were illegal. The safety loans not considered: indebtedness many directors exceeded by there the per loans were that they were not the board Cheese This legal and justifies the appointment NEW Mr. Aycock referred to other banking troubles due "fearful in business. But the Bank and Trust said, bank excuse He said the Institution had begun under promise, its opportunity had been "thrown away. he said Mr. banks Aycock stated that after conference the attorneys had agreed to the ap- cables Harry related the agreement counsel for receivership. He the withdrawal of appeal from Judge Poland Townsend's ruling demurrer against the ceivership number of proval of the of Judge Peurifoy Waring raised certain jections the for ceivership. in place liquidation by Irving representing Reese, deposithe strict Claude Sapp. dinary ing the He he believed the present He much reflect certain the bank am not just establish cotton Judge copies ceiver, the be Messrs. Mauldin and regard to the con- ficers nected the allowed Mr. Bradley personal which he declared that he had had of the matter until long after curred, he had the transaction and had passed collateral put by the bank officers, when by the board of directors. He denied that thews, he been negligent the handling of bond matter Judge Townsend's order provides that all assets of the are be over receiver James the from 1923 judge of the fourteenth business at its of the First National Walterboro, and chairman of the tember.