AIDE SAYS MANLEY
USED BANK’S EUNDS
I
Official Avers Indicted Head
Was Too Busy Making
Money to Keep Books.
By th<- Associated Picks.
ATLANTA, August 19.—While at
torneys for W. I). Manley, indicted
Atlanta lianker, prepared for his
guardianship hearing next .Monday.
Carl X. Ila vie, counsel for the State
banking department, announced that
banks represent ins half the resources
of the S 3 Cenrgia banks which closed
following bankruptcy proceedings of
the Rankers' Trust Co. of Atlanta
Would be reopened within 3*i days.
Manley was president* of the com
pany. which acted as fiscal agent tor
a chain of small Georgia and Florida
banking houses.
Following failure of the Atlanta
hanking institution. Joe Patterson.
.Manley's son-in-law. instituted pro
eeedings to have a guardian appointed j
for the banker, whom he alleged is
mentally incapacitated.
At the bankruptcy proceedings yes
terday it was disclosed that in 1920 ;
Manley was making so much money ,
he did not have time to straighten
out the affairs of the Rankers' Trust i
Co.
.T. A. Sasser, former vice president
of the institution, testified that even!
then assets of the Rankers' Finance
(’•>. of Jacksonville. Fla., a subsidiary.
wer» being diverted into companies
owned or controlled by .Manley and
J. ?:.. Anthony of Ja -ksonville.
Sasser re*|nistod an audit, he testi
fied. hut was told by Manley that
"there's nothing to it and nothing to
Worry about."
Diversion of assets of the Atlanta
cnmpnnv was continued. Sasser said,
and when he insisted to Ma Li ley that
the company's affairs he straightened
out he was told the latter was mak ,
Inc so much money he did not have I
time to do it.
