9c26fc70Accommodated withdrawals, Full suspension, Books examined
Other: Receiver appointed by Comptroller of the Currency; directors reportedly made up shortages from private funds prior to closure.
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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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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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HAYS SHORT A LARGE AMOUNT California Bank Suffered as Well As the Clark Road. EX-CASHIER IS IN HIDING RIVERSIDE BANK HAS SHUT UP SHOP. 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 and one of the most influential men in the social and political life of this county. The warrant was sworn to last night by directors of the institution, but up to 10 o'clock this morning Hays had not been apprehended. Hays was formerly the purchasing agent of the Salt Lake railroad at this place, but lost his official connection with the road when the sensational exposures of several months ago were made, when 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 his position as cashier of the Orange Growers' National bank. Subsequent examinations by a bank examiner revealed many shortagés, some of which have been made good by Mr. Hays, Bank Closed. A run on the Orange Growers' bank began this morning. Depositors besleged the place as soon as the doors opened for business and a constant line of people faced the paying teller's window until noon. All depositors were paid in full and the bank was able to meet every demand made upon it up to that time. President Gaylor Rouse of the bank made this statement to the Associated Press at noon today: "The bank is perfectly solvent with assets largely in excess of liabilities. All shortages have been made good by the directors out of their private money, and no depositor will lose a single dollar." The bank closed at 1:15 this afternoon. The following notice was posted: "This bank is closed by order of the board of directors. Will reopen as soon as arrangements can be made. Depositors will be paid in full." The notice is dated March 22.
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Doors of the Orange Growers' National Bank of Riverside Are Closed After a Run of Three Hours SHORTAGE NOW REACHES $100,000 Defaulting Cashier Learns That He Will Be Arrested and He Hurries Away Toward the Mexican Frontier . RIVERSIDE, March 22.-The doors of the Orange Growers' National Bank of this city, one of the principal financial institutions of Riverside County, were closed shortly after 1 o'clock this afternoon, after a run of three hours. H.T. Hays, former cashier of the bank and one of the most prominent men in the social and business life of this city, has fled, presumably toward the Mexican border, and the Sheriff is on his trail with a warrant for his arrest. There is a shortage of between $90,000 and $105,000 in the funds of the bank, and it is alleged that this sum was appropriated by Hays during his tenure as cashier. President Gaylor Rouse of the Orange Growers' National Bank authorizes the statement that 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, after a meeting this morning, decided to close the doors and take an inventory of the assets. Several months ago H. T. Hays was requested by the directors of the Orange Growers' National Bank to resign on account of his alleged connection with frauds in securing right of way titles for the Salt Lake Railroad in Riverside County. Hays acted as local land agent for the Salt Lake Railroad, and when an expose was made of the methods used in securing rights of way in this county there was a big sensation, and Hays was asked to resign his position as cashier. Some time subsequent to his resignation Hays was asked to make good a shortage of $5000. with which request, according to bank officials, he complied. Later a further shortage of $1900 was discovered. and this also was made good his by Hays. A further investigation of accounts developed a shortage of $18,000, which he was asked to pay. He could not do so, but gave security instead in the form of a trust deed to his property. About ten days ago the National Bank Examiner arrived here to expert the books of the bank. He soon uncovered a large shortage, unofficially of estimated at $100,000. The officials the bank then decided to prosecute Hays, but deferred action until last night. Hays learned of their intentions and disappeared. It is said he drove in a buggy south toward the Mexican border. A warrant is in the hands of Sheriff Corbun and officers are on his trail. Depositors got some intimation of the bank's troublee and this morning a long line of people stood in front of the doors, waiting to draw out their deposits. Between $80,000 and $90,000 was paid out before notice of suspension was posted. The bank's directorate is composed of well known and prominent citizens of this county and it is believed depositors will be paid in full.
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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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Hays Surrenders Himself to the Sheriff. Notifies Officer by Telephone That He Is in Riverside. Prisoner Pleads Not Guilty to Four Charges of Embezzlement He Is Charged With in Warrant RIVERSIDE. March 23.-H. T. Hays, politician, and former cashier of the Orange Growers' National Bank of Riverside, is no longer a fugitive from justice. This afternoon by telephone he notified Sheriff Coburn of Riverside County of his presence in Riverside and at 8:30 o'clock this evening he quietly submitted to arrest at the Country Club in this city. The warrant on which Hays was taken into custody charges felony embezzlement. There are four charges as follows: Embezzlement on October 3, 1903, of $5000; embezzlement on October 9, 1902, of $3000; embezzlement on October 8, 1902, of $3000 and embezzlement on August 4, 1903, of $5000. The prisoner is charged with having, on each of the mentioned dates, raised the bank's total checks for the day and abstracted in cash sufficient to balance the peculations. Hays expressed a desire for an immediate hearing and to-night he was taken before Judge Noyes of the Superior Court and arraigned. He pleaded not guilty. M. J. Twogood, who succeeded Hays as cashier of the Orange Growers' National Bank, was placed on the stand by the prosecution and testified in support of the four counts. The defendant was offered the stand, but declined to give testimony in his own defense at this time. Judge Noyes said that the evidence appearing to justify the presumption of gullt, he would hold Hays in the sum of $10,000 on each count, or $40,000 bail in total, and intimated that proper bond in the sum of $80,000 would be accepted for Hays freedom. At 4 o'clock this morning Hays appeared at the Country Club and knocked for admission. He was drenched with rain and spattered with mud from head to foot. He told the attendant that he had been to Elsinore on a hunting trip. He called for the daily papers, and after glancing through them said that this was the first he knew that a search was being made for him by officers of the law and that he would immediately surrender. Hays then went to bed, and upon awakening later in the day caused a telephone message to be sent to Sheriff Coburn announcing his willingness to submit to arrest. Judge Noyes' courtroom was crowded to-night, when Hays was arraigned. Political, social and business friends of the defendant were there in force, and the dramatic feature of the scene was that practically all of the court officers, from bench to bailiff, were personal friends of the accused. RIVERSIDE,March 23.-The affairs of the Orange Growers' National Bank were taken in charge this morning by National Bank Examiner J. W. Wik son, who was appointed receiver by the Comptroller of Currency. He intimated that no statement would be given out until a thorough examination of all books can be made. The directors state positively that the bank is perfectly solvent. Hays' defaications have already been made up by the stockholders, and are said to have amounted to about $100,000.
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Hays Enters a Plea of Not Guilty to Theft, Prisoner Is Sent Back to Jail, Being Unable to Give Bonds. Experts Who Are Working on Books of Bank Will Not Be Able to Report for Another Week. RIVERSIDE, March 24.-H. T. Hays was arraigned before Superior Judge Noyes at 5 o'clock this evening on three of the charges against him. The information alleges thefts in the following sums: Five thousand dollars on October 10, 1902; $3000 on October 9, 1902. and $5000 on August 4, 1903. The informations are practically identical in language on all the warrants. Hays pleaded "not guilty" to each charge and then, upon being informed by the court that he could have time to plead, withdrew his plea, and the time was set for next Monday at 2 D. m. Hays was remanded to jail, being unable to furnish a $40,000 bond. Hays was arrested this afternoon by United States Marshal H. Z. Osborne of Los Angeles. The specific charge is the embezzlement of $5000 from the Orange Growers' National Bank on August 4, 1903. This will have the effect of taking the case into the Federal court. Receiver J. W. Wilson, in charge of the affairs of the defunct Orange Growers' National Bank. gave out the following statement this morning: "It will be impossible to gain any exact knowledge of the affairs of the Orange Growers' National Bank until every detail of its business has been gone into. We are at work on the books now, and it will be at least a week or ten days before we are finished. My report will be made to the Comptroller of the Currency at Washington, and I am not allowed to make anything public as to my findings. All statements so far published have been without basis of authoritative information, and are merely rumor."
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1904. PHOENIX, ARIZ. MACH 26. A Logical Ending. The Orange Growers' National bank the of Riverside, California, is in hands of a receiver. "Tom" Hays, until recently cashier of the wrecked institution; is in jail, charged with the embezzlement of the the enormous sum of $106,000 from bank. From his earliest association with the Orange Growers' National bank Tom Hays has been crooked in his dealings," is the statement of a citizen of Riverside who at one time was a director of the bank. Some six months ago the Los Angeles Times exposed the fact that Hays as the local right-of-way agent of the Salt Lake railroad had gouged the company out of many thousands of dollars by corrupt collusion with property owners of whom the same railroad purchased property. Shortly after thisexposure-whichled many people in Riverside to denounce the Times-Hays resigned his position as cashier, but he carried with him a letter from the directors which lauded his virtues in extravagant terms and expressed undiminished confidence in him on the part of the bank offielais. Prior to that time, and for years, Hays had been notoriously a "rounda "good fellow," the "social leader of er" and and political Riverside," and the "Beau Brummel of the city" so on. It was evident to everybody. or should have been, that he was living his income, but the fact alarmleast of all the beyond ed nobody, directors of the bank. Although married to a young woman who trusted him implicity and who was deserving of all his devotion, Hays found it necessary, it now appears, to keep an "establishment" separate from his own roof. And bearing in mind the fact that almost every step taken by a man of prominence in a small town is known to everybody, it is difficult to believe that Hays' maintenance of a separate "establishment" less of a secret to his emwas any than were ployers and to the public the other acts of his daily life. This simple narrative scarcely calls for comment. If it does not tell its own story and point its own moral to everybody a diagram would not improve it. insist, however, upon pointing for the advantage of young out, We do moral which men generally, an incidental might be obscured by the more manifest lessons connected with the down"Tom" Hays and the wreck of Growers' National of the fall Orange of bank Riverside. is for those think that is in life This there moral nothing who for them unless they "keep up the pace" set by such leaders as Hays. In nearly every town there are a few men like Hays, who have a large following of young fellows who consider that they must be "In the swim` at all costs. Although salaries may be sufficient only for a decent living, and perhaps of a little for must follow their the they saving leaders. the future, They must go into society; they must buy more clothes than they can pay for and many of them think they must be a "sports." Not one ycung man in hundred has the stamina to say "I cannot afford it" when pressed to "come along." Equally few are the fellows who have the bravery and ridicule and young to face defy taunts "goody- of being a "cheap guy" and a Hence in every town is bunch of young men are goody." a large who there Soon living beyond their resources. or late somebody has to pay the fiddler on account of each of them. is one of the reasons why findThat young caliber ing men of the right and the right stuff is like hunting hen's man of large that when it admit teeth. Any becomes affairs necessary will to employ a thoroughly rewho can liable for him youngster-on business be safetrusted with money and and with who has not ly secrets, general-one responsibility only fidelity in and character but the requisite discretion-the search is seldom rewarded with exactly what is scught. And all this is largely because it is considered so much more important to ape the ways of men like "Tom" Hays. But what does it avail Hays now that for years he was several kinds of a leader in Riverside?
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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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Receivers have been appointed for the Miners' and Merchants' savings bank of Lonaconing Md., which had $300,000 on deposit. The supreme court of the United States has adjourned for two weeks. At Higginsville, Mo., 50 buildings were partly wrecked, one man was mortally wounded and several others hurt by a tornado. The United States supreme court has again decided that persons traveling on railroad passes cannot secure damages in case of accident. Hobart S. Bird, who tried to run a reform newspaper in Porto Rico, returned to New York after 62 arrests on charges of libel. Assistant Postmaster General Britsow denied personal knowledge of alleged violations of postal laws by members of congress. At Temple, Tex., W.E. Chandler killed his wife and the manager of the telephone exchange where the woman was employed. Christian Kirschoffler, a boarding house keeper in Brooklyn, N. Y., shot and killed his four-year-old son, fatally wounded his wife and then committed suicide. Jealousy was the cause. A piece of iron cornice fell from the top of a building at Indianapolis, Ind., and killed Worth Wright, a real estate man. United States Senator Burton, of Kansas, was placed on trial at St. Louis, charged with unlawfully receiving money from the Rialto company. The new plan for the Northern Securities company isannounced as a stock dividend of 99 per cent. through the distribution of the Northern Pacific and Great Northern stocks held by the merger. Eugene Cary, a prominent insurance man of Chicago, dropped dead while at a banquet in St. Louis. Martial law has been declared in the Trinidad coal mining district in Colorado as a consequence of the miners' strike. . The cashier having embezzled $105,000, the Orange Growers' national bank closed its doors at Riverside, Cal. At Beloit, Wis,, damage of more than $250,000 has been done by Rock river overflowing its banks. Secretary Hitchcock announces that relentless war will be carried on against all persons guilty of land frauds. Three boys, none 10 years old, confessed to burning the Holden school in Chicago because they disliked physical culture study after classes. Seven hundred bindery girls in Chicago went on a strike and every bookbinding office in the city may be tied up. President Roosevelt, in a letter of instruction to the Panama canal commissioners, directs that the work be pushed forward as rapidly as possible and with all the economy consistent with thoroughness. Receivers for the business of D. J, Sully, the fallen cotton king, were appointed in New York.
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DOMESTIC. The supreme court of the United States has adjourned for two weeks. At Temple, Tex., W. E. Chandler killed his wife and the manager of the telephone exchange where the woman was employed. Christian Kirschoffler, a boarding house keeper in Brooklyn, N. Y., shot and killed his four-year-old son, fatally wounded his wife and then committed suicide. Jealousy was the cause. A piece of iron cornice fell from the top of a building at Indianapolis, Ind., and killed Worth Wright, a real estate man. United States Senator Burton, of Kansas, was placed on trial at St. Louis, charged with unlawfully receiving money from the Rialto company. The new plan for the Northern Securities company is announced as a stock dividend of 99 per cent. through the distribution of the Northern Pacific and Great Northern stocks held by the merger. Eugene Cary, a prominent insurance man of Chicago, dropped dead while at a banquet in St. Louis. Martial law has been declared in the Trinidad coal mining district in Colorado as a consequence of the miners' strike. The cashier having embezzled $105,000, the Orange Growers' national bank closed its doors at Riverside, Cal. At Beloit, Wis,, damage of more than $250,000 has been done by Rock river overflowing its banks. Secretary Hitchcock announces that relentless war will be carried on against all persons guilty of land frauds. Three boys, none 10 years old, confessed to burning the Holden school in Chicago because they disliked physical culture study after classes. Seven hundred bindery girls in Chicago went on a strike and every bookbinding office in the city may be tied up. President Roosevelt, in a letter of instruction to the Panama canal commissioners, directs that the work be pushed forward as rapidly as possible and with all the economy consistent with thoroughness. Receivers for the business of D. J, Sully, the fallen cotton king, were appointed in New York. Three negroes were killed-in a battle between blacks and whites at St. Charles, Ark. A state good, roads convention will be held in Springfield, III., May 3. Andrew Isgrigg, Arthur Everhart and Edward Hert, young men of Jeffersonville, Ind., were drowned in the Ohio river. Orders have been issued in Keokuk, Ia., to open the United States-Des Moines Rapids canal for navigation on April 1. Thirty-three shoe manufacturers in Lynn, Mass., locked out their men because of a proposed strike. Aften ten days of civil control San Miguel county, Col., has been placed ander mariial law again to prevent armed bands of strikers from destroying property
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DOMESTIC. The supreme court of the United States has adjourned for two weeks. At Temple, Tex., W. E. Chandler killed his wife and the manager of the telephone exchange where the woman was employed. Christian Kirschoffier, a boarding house keeper in Brooklyn, N. Y., shot and killed his four-year-old son, fatally wounded his wife and then committed suicide. Jeafousy was the cause. A piece of iron cornice fell from the top of a building at Indianapolis, Ind., and killed Worth Wright, a real estate man. United States Senator Burton, of Kansas, was placed on trial at St. Louis, charged with unlawfully receiving money from the Rialto company. The new plan for the Northern Securities company is announced as a stock dividend of 99 per cent. through the distribution of the Northern Pacific and Great Northern stocks held by the merger. Eugene Cary. a prominent insurance man of Chicago, dropped dead while at a banquet in St. Louis. Martial law has been declared in the Trinidad coal mining district in Colorado as a consequence of the miners' strike. The cashier having embezzled $105.000, the Orange Growers' national bank closed its doors at Riverside, Cal. At Beloit, Wis,, damage of more than $250,000 has been done by Rock river overflowing its banks. Secretary Hitchcock announces that relentless war will be carried on against all persons guilty of land frauds. Three boys, none 10 years old, confessed to burning the Holden school in Chicago because they disliked physical culture study after classes. Seven hundred bindery girls in Chicago. went on a strike and every bookbinding office in the city may be tied up. President Roosevelt, in a letter of instruction to the Panama canal commissioners, directs that the work be pushed forward as rapidly as possible and with all the economy consistent with thoroughness. Receivers for the business of D. J, Sully, the fallen cotton king, were appointed in New York. Three negroes were killed in a battle between blacks and whites at St. Charles, Ark. A state good, roads convention will be held in Springfield, III., May 3. Andrew Isgrigg, Arthur Everhart and Edward Hert, young men of Jeffersonville, Ind., were drowned in the Ohio river. Orders have been issued in Keokuk, Ia., to open the United States-Des Moines Rapids canal for navigation on April 1. Thirty-three shoe manufacturers in Lynn, Mass., locked out their men because of a proposed strike. Aften ten days of civil control San Miguel county, Col., has been placed under martial law again to prevent armed bands of strikers from destroying property,