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BUTLER BANKING CO. SUSPENDS PAYMENTS BUTLER, August 1.-The Butler Banking company has been temporarily suspended by its board of directors. Advances on peaches is the alleged cause. 0 G. McCants, the cashier, is absent until an auditor takes charge of the bank books. It 15 admitted that there is a shortage but it will be made good by McGrants or his friend. Depositors and stockhold. ers are protected, it was said.
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CASHIER RETURNS; ADMITS SHORTAGE Butler, Ga., Banker Said To Be Near Prostration COLUMBUS, Ga., Aug. 2.-0. G. McCants, cashier of the Butler Banking company, at Butler, near here, who disappeared last week on the day business of the institution was suspended, returned voluntarily to "his I home today and admitted misappropriation bank funds, according to a special dispatch to the Columbus Ledger tonight from Butler. The cashier is reported to be in a serious condition from nervous prostration and is under the care of a physician. No criminal proceedings have been instituted, and it is reported, says the dispatch, that relatives and friends of McCants will make good the alleged shortage in his accounts, the amount of which has not been disclosed. The bank's affairs are in the hands of the state officials. The, cashier's brother, J. J. McCants, tax collector of Taylor county, died from what authorities said were self-inflicted wounds July 10, after an alleged shortage of $14,000 had been discovered in his accounts.
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MISSING BANK CASHIER RETURNS VOLUNTARILY Reported to Have Admitted Misappropriating Funds of Closed Institution. By the Associated Press. COLUMBUS, Ga., August 2.-0. G. McCants, cashier of the Butler Banking Company, at Butler, near here, who disappeared last week on the day business of the institution was suspended, returned voluntarily to his home today and admitted misappropriating bank funds, according to a special dispatch to the Columbus Ledger tonight from Butler. The cashier is reported to be in a serious condition from nervous prostration and is under the care of a physician. No criminal proceedings have been instituted. and it is reported, says the disptach, that relatives and friends of McCants will make good the alleged shortage in his accounts, the amount of which has not been disclosed. The bank's affairs are in the hands of State officials. The cashier's brother, J. J. McCants, tax collector of Taylor County, died from what authorities said were self-inflicted wounds July 10 after alleged shortage of $14,000 had been discovered in his accounts.
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O. G. M'CANTS, MISSING CASHIER, AT BUTLER BUTLER, August 4.-0. G. MeCants, missing cashier of the Butler Banking Company, has voluntarily returned from Birmingham, Ala., where to claims he have been since leaving here the first of the week, following which the bank was forced to suspend business, temporarily at least, due to a shortage of the bank's funds, which the cashier is alleged to have admitted he misappropriated. McCants is under the care of physicians on account of nervous postration. It is reported that an incomplete audit of the books of the ban shows a shortage of $12,000. This sum may be increased or diminished upon final audit. It is said that the relatives and friends of McCants will make the shortage, and as yet no proceedings against him have been taken.