Orange Growers National Bank (Riverside, CA)

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Bank President Absconds

RIVERSIDE, Cal., March 22.Thomas Hayes, ex-president of the Grange Growers National bank for whom a warrant was issued charging him with the embezzlement of a large sum of money from the institution, is not yet in custody. His alleged shortage is now placed at $160,000. There is no run on the bank but the heavy have withdrawn their depositors funds. The bank closed its doors at 1:15. It says it will make full payment. Dr. A. Stanley Dolan, a personal friend of Hayes was found dead this morning and it is believed he suicided. President Hayes escaped in an automobile while the bank directors were swearing out a warrant. All claims made on the bank this morning were paid. At 11 o'clock 50 of the 1400 depositors had withdrawn their funds. The wife of Hayes is in ignorance of his whereabouts. It is believed he is headed for Mexico.

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Run on California Bank

Riverside, Cal., March 22.-A run on the Orange Growers' National bank of Riverside and its suspension followed the issuance of a warrant to-day charging H. T. Hayes, its former cashier, with the embezzlement of amounts said to aggregate over $100,000. Hayes has not been apprehended. President Rouse said that the bank is perfectly solvent, with assets largely in excess of liabilities and will re-open.

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RIVERSIDES BANK STOPS A Consec uence of the Defalcation of the Late Cashier. Riverside, March 22.-A report (f defalcations and issuance of a warrant for the arrest of H. T. Hays, former cashier of the Orange Growers' National bank, on a charge of embezzlement, started a heavy run on that institution which has been in progress since an early hour this morning. A long line of people stood before the paying teller's window until 12 o'clock, when the run was apparently checked. All depositors who applied for their money were paid in full. President Gaylor of the bank issued a statement saying: "The bank is perfectly solvent with assets largely in excess of liabilities, Hay's defalcations having been made good by the directors out of their private funds SO that the depositors will not lose a single dollar." The warrant for the arrest of Cashier Hays is in the hands of the sheriff, but the officers have been unable to locate him. The amount of his defal.. cations is estimated in the neighborhood of $100,000. The bank suspended at 1 o'clock this afternoon.

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Hayes a High Roller

Riverside, Cal., March 22.-As a result of the reported defalcations and the issuance of a warrant for the arrest of T. H. Hays, former cashier of the Orange Growers national bank, on a charge of emblezzement, a heavy run has been in progress on that institution since the hour of its opening this morning. A long line of peope stood in line before the paying teller's window until twelve o'clock, when the run was apparently checked. All the depositors who applied for their money were paid in full. President Gaylor of the bank issued a statement this afternoon, saying: "The bank is perfectly solvent, with assets largely in excess of its liabilities, Hays' defalcations having been made good by the directors out of their own private funds, so that the depositors will not lose a single dollors." A warrant for the arrest of Cashier Hays is in the sheriff's hands but the officers have been unable to locate him. The amount of his defalcations is estimated in the neighborhood of $100,000. The bank suspended at one o'clock this afternoon.

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RIVERSIDE BANK SUSPENDS

Warrant for Arrest of Former Cashier Causes Run by Depositors. Riverside, Cal., March 22.-The Orange Growers' National bank suspended business today. The closing of the bank was preceded by a run, precipitated by the issuance last night of a warrant for the arrest of H. T. Hays, former cashier of the bank, who is accused of having embezzled about $100,000. Hays left the city last night in a buggy, going, it is said, in the direction of the Mexican border. Gaylor Rouse, president of the bank, announces that the bank is perfectly solvent and that the depositors will receive every dollar due them.

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Receivers for Broken Banks

WASHINGTON, March 23. -The comptroller of the currency has appointed Bank Examiner Wilson receiver of the Orange Growers' National bank at Riverside, Cal., owing to a defalcation of $94,000 by H. T. Hayes, former cashier. The comptroller has also announced the closing of the Healdenville, I. T., National bank and the appointment of a receiver. RIVERSIDE, Cal., March 23.-11 is charged that public officials fear the arrest of Hayes before the grand jury adjourns as Hayes knows much of political grafts. High officials are accused of attempting to block the investigation by Attorney North into the doings of Hayes' crowd. The bank is now in the hands of Government Examiner Wilson. The re-opening depends on the action of the government. The bank offers no reward for Hayes' capture.

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THEFTS CLOSE BANK

Ex-Cashier Charged with Taking $100,000 from California Concern. [BY TELEGRAPH TO THE TRIBUNE.) ] Riverside, Cal., March 22.-A warrant charging the embezzlement of more than $100,000 from the Orange Growers' National Bank, of this place, has been issued for the arrest of H. T. Hays, formerly cashier of the bank, and one of the most influential men in this county. The warrant was sworn to late last night by the directors, but Hays has not been apprehended. Hays was formerly purchasing agent here of the Salt Lake Railroad, but lost his place several months ago, when sensational exposures were made, in which it was shown that the road had been swindled out of many thousands of dollars in land purchases in this county. At the same time Hays resigned as cashier of the Orange Growers' National Bank. The bank examiner then began an investigation, and shortages were soon discovered. Hays covered several of these, but more were found. and finally it was decided to arrest him. He learned of this, however, and fled to-day. There was a heavy run on the bank to-day, due to the publication of Hays's defalcation. and the institution closed its doors this afternoon. About $80,000 was paid out to depositors. As the bank directors are wealthy, all the depositors will probably be paid in full.

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ARREST OF CASHIER

| Caused a Run on the Bank, Which Was Closed. Riverside, Cal., March 22.-The Orange Growers' National bank, one of the principal financial institutions of Riverside county. suspended business today. The closing of the bank was preceded by a run of depositors, who withdrew about $80,000 of deposits. The run on the bank was precipitated by the issuance last night of a/warrant for the arrest of H. T. Hays, a former cashier of the bank, who is accused of having embezzied about $100,000 of the bank's funds. Hays left the city last night in a huggy, going, it is said, in the direction of the Mexican border. Gaylor Rouse, president of the bank, announces that the bank is perfectly solvent and that the depositors will receive every dollar that is due them. but that in order to prepare for a liquidation of all the liabilities of the institution the directors decided to close the doors and take an inventory of the assets,

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BANK CASHIER CHARGED WITH TAKING $100,000. Riverside, Cal., March 22.-A warrant charging embezzlement of an amount said to aggregate over $100,000 from the Orange Growers' National Bank of Riverside has been issued for the arrest of H. T. Hays, former cashier of the bank, but he has not been apprehended. A run on the bank occurred to-day, and it was closed. It was stated that depositors would be paid in full.

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BANKS IN RECEIVERS' HANDS

Washington, March 23.-The National Bank, of Holdenville, Ind. T., has been closed by order of the Controller of the Currency, and Myron R. Sturtevant has been appointed receiver. The Controller has appointed John W. Wilson receiver of the Orange Growers' National Bank, of Riverside, Cal., which closed its doors yesterday.

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RECEIVER APPOINTED

The Comptroller of the Currency has appointed John W. Wilson receiver of the Orange Growers' National Bank of Riverside, Cal., which closed Tuesday.

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P THE RIVERSIDE BANK

Comptroller of the Currency Appoints a Receiver. Washington, March 23.-The comptroller of currency appointed John W. Wilson receiver of the Orange Growers National bank at Riverside, which was closed yesterday.

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DEPOSITORS OF SUSPENDED BANK MAY GET THEIR MONEY Another Financial Institution Makes Proposition to Straighten Out Affairs of Orange Growers. RIVERSIDE, March 26.-A paper was circulated to-day among the depositors of the suspended Orange Growers National Bank, asking them to give their assent to the transfer of the business of the suspended bank to the Citizens Bank of Riverside. The document is signed by the officers of the Orange Growers National Bank and is said to have the sanction of National Bank Examiner J. W. Wilson. who has been appointed receiver of the suspended institution by the Comptroller of the Currency. The proposition is to have the Citizens Bank take over all business, straighten out the affairs of the National Bank and pay dollar for dollar of its liabilities. It is said here that the Citizens Bank is backed by a strong national bank of Los Angeles.

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The comptroller of the currency has appointed John W. Wilson receiver of the Orange Growers' national bank at Riverside, Cal., which closed its doors on the 23d. -

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The comptroller of the currency has appointed John W. Wilson receiver of the Orange Growers' national bank at Riverside, Cal., which closed its doors on the 23d.

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CAPT. PERO BITTER FIGHT ON HAYS EVIDENCE ATTORNEYS CONTEST EACH STEP OF PROCEEDINGS Counsel for the ex-Cashier Declares That He Was Not in Charge When the Accounts Were Juggled The attorneys for the prosecution of H. T. Hays, who is charged with having wrecked the Orange Growers' National bank of Riverside, are making a strong uphill fight in their case as outlined to the jury in the opening statement made by United States Attorney Valentine. The attorneys representing the former cashier of the defunct institution have contested each point made by the prosecution. A story of Riverside county politics in the days when Tom Hays was a political king has been injected into the trial of the case, and to the spectator unfamiliar with the case it might appear that the contesting attorneys are investigating the political record of some fallen statesman. M. J. Twogood, who succeeded Hays as cashier of the defunct bank, was the main witness called yesterday by the federal attorneys. The witness testified as to the disposition made of the documents of the wrecked bank when the doors were closed. It appears that the books and papers of the institution were placed in the custody of National Bank Examiner Wilson, who was appointed as the receiver of the bank. Twogood was employed by the bank examiner until January 23 last, and he identified the minute book of the bank, which also contains the record showing the bank's reorganization into a national institution. On cross-examination he testified that when Hays was away from his duties he had acted as the cashier. The defense then made a strong effort to prove that the defendant is not guilty, for the reason that at the time the illegal acts which he is alleged to have committed other officials were in control. The original minutes were introduced by United States Attorney Valentine. The defense objected to the interpretation of the alleged memorandum in writing of what occurred at certain meetings held by the board of directors, but the objection was overruled. The case will be resumed this morning. -