Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1905-11-04
Not Unlikely That His Populations
From the Tabor Bank Will Amount
to $4,000 Officers Of the Bank Say
the Deposition. Will Not Lose by
Dyes Wronsdoins.
Special to Times-Reruhllcan.

Neved here, for the stockholders are
among the wealthiest men In this Sec
ton. The bank Is capitalized for $25,-
2 900. and had 100000 deposits and So
500 surplus last spring.
~ Dye is now at the home Of his father,
Sylvester Dye, in Council Bluffs and
il under the watch Of the father and
another brother, DR.. w. G. Dye, OF
Helena, Mont. The discovery Of Dyes
4 wrongdoings was made by w. g. Greg
DRY, director and a leading citizen Of
this section. He found that Dyes ac-
counts were wrong day or so after
Dye left for Omaha week age today.
He Immediately followed Dye and
found the latter dn hotel and under
the Influence of liquor. When Gregory
confronted Dye with the discoveries he
had made, Dye confessed. Gregory
called brother OF Dyes to Council
Bluffs and since that time an investl-
CATION has been in progress.
Among the notes that Dye is said to
have confessed to having forged are:
Frank Greene, a farmer, $500.
Sylvester Dye Of Council Bluffs, So
900.
w. 6. Gregory, $4,000.
These are but few and 1t Is said
that Dyes liabilities will total at least
$4,000 and his assets less than $40, 000.
His father, Sylvester Dye Of Council
Bluffs. is very wealthy. having formerly
resided at Macedonia, where he is still
large landholder and also heavy
stockholder in the Macedonia, State
Bank, OF Macedonia. He is also owner
Of large tracts of rich farming lands
In both Nebraska and Texas.
4, For six years FL. G. Dye was deputy
county treasurer OF Pottawattamie
county, and in 1896 was candidate for
the position Of treasurer Of the county
on the democratic ticket, but was de-
feated After his defeat he removed
TO Tabor, where he was made cashier
Of the new State Bank, his relatives
being heavy holders of stock. He was
treasurer OF Tabor college for mum
Der OF years until last June, when the
trustees replaced him with Ira McCor-
mick Of the First National Bank OF
B this city. Since that time the trustees
committee has been unable to secure
4 an accounting Of the college funds
from Dye, although they have repeat
eddy requested 1t. On account of this
delay 1t is feared that the college may
be involved in the present trouble.
Dye was also treasurer Of the school
district and had several thousand OF
the districts fund In charge There
i#ts more or less worry about this also.
Due to Speculation.
q Dyes downfall Is due to speculation.
"A few years ago he was trustee Of the
4 Congregational church here and was a
leader In its affairs as well as devot-
Ing much energy to Tabor College.
4 For ten or twelve years he had been
cashier Of the bank and a hard worker.
L He married and seemed devoted to his
wife and two children. "A couple OF
], years ago he was elected vice president
OF the institution, and since that time
he has been leading merry pace.
4 purchased an automobile. began in
4 vesting In oil stocks. and playing the
board Of trade.
It is said that his heaviest losses
I have been sustained while trying to
break Standard Oil by investing heav-
I lily In the new Oil fields in Kansas. He
left here few weeks ago, presumably
to inspect his holdings there, but he
did not get beyond Omaha, where he
was out for good time for several
days.
While he has practically had entire
4 charge of the bank, he has had suffi-
I. Client assistants to enable him to de-
& vote q good share of his time to en-
joying life.
d He is said to be in the depths Of
despair at his fathers home the enor-
nifty of his crime apparently just
1 downing upon him. c. A. Barnes. pres-
ident Of the bank, and w. G. Gregory
returned last night from Council Bluffs,
where they have been In consultation
with Dye, his father and his brother.
They had little to say, but 1t Is gener-
ally believed that the father will make
good the losses incurred by the SON.
Much OF the real situation will be
known after the meeting Of the direc-
tors and the officers this morning.
C.. NJ Barnes is president Of the
bank and C. L. Hall the cashier Ow-
ing to Dyes position Hall accepted
Dyes o. K on everything, and in this
way Dye had little difficulty in cover
ing up his actions.
AS near as can be discovered, Dyes
wrongdoings began about eighteen
months ago, when he forged w. g..
Gregory's name to a large note. The
note fell due in October and Dye took
1t up, forging Gregory's name to a
new one to replace 1t. 1t is estimated
that Gregory's name has been forged
! to $4,000 or $4,000 worth of paper, and
unless reimbursed by Dyes father
Gregory will be heavy loser.
Dye was born near Macedonia in
Pottawattanie county, about thirty
five years ago, his relatives all being
among the wealthiest and most promi-
Y,ent socially in this section. The
Mickelwaits at Glenwood, the capital
lists, are his uncles. While living IN
Council Bluffs Dye married Miss
Grass, the daughter OF Frank Grass,
pioneer Of Council Bluffs, the lady be.
ing social leader of that city.
4 Is believed here that there Will be