A bank president and former treasurer of his county plead guilty Monday to the charges of receiving deposits in his bank, knowing the bank to be insolvent, and for lending more than 10 per cent of the capital and surplus to one individual, firm or corporation. This case was tried at Spartanburg, S.C., and the man who gets the sentence was L.G. Miller, and his bank was that of the Bank of Duncan, South Carolina. The law, as we understand it, in North Carolina, is practically the same, as to the charges given above, and can see no reason why some indictments cannot and should not be made before some justice of the peace or by the grand jury in Warren County, when this body meets next week. Give us some action, gentlemen.
From the editorial page of the Norlina Headlight, Friday, Sept. 18, 1925, J.C. Hardy, editor and proprietor
newspapers.digitalnc.org/lccn/sn92072926/1925-09-18/ed-1/seq-4/
No comments:
Post a Comment