Missouri Valley times. [volume] (Missouri Valley, Iowa) 1874-1931, 1905-11-09
BAD TANGLE over THE
TABOR BANK failure
Vice President II. c. Dye, at
Home OF Father, Charged
With Big Forgeries.
HE is IN COUNCIL BLUFFS
Failure of Bank Was Due to Wild
Speculation and His Consequent
Endcavor to Cover UP
Losses by Forseries.

Council Bluffs, Va, MoN. The
downfall OF III. G. Dye. whose forgeries
have wrecked the Tabor bank. was due
to speculation. He is NOW at the home
of his father here. awaiting the next
move of those who have exposed him.
A few wears ago he was trustee of the
CONGREGATIONAL church mere and WAS
u leader in its affairs as we'll as deNot-
ing much energy to Tabor college.
For ten or twelve years he had been
cashier of the bank and a hard worker.
He married and seemed devoted to his
wife and two children. couple of
years ago he was elected vice presi-
dent of the Institution and since that
time he has been leading Il merry pace.
He built the finest home i'll Tabor, pur-
chased an automobile, began investing
I'm oil stocks and playing the board of
trade
1t is said that his heaviest losses have
been sustained While trying to break
Standard Oil by investing heavily in
the new oil fields in Kansas. He left
here a week 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 lac has practically had entire
charge of the bank, he has had sufii-
cient assistance to enable him to de-
vote a good share OF his time to enjoy
ing life.
In Depth of Despair.
lie is said to be In the depths of
desl, III at his fathers home, the enor-
init If his crime apparently just
d.. ..a.iig upon him. c. a. Barnes. pres
\ 4
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 it is gem
orally believed that ihe father Will
make good the losses incurred by the
son.
G. NJ. Barnes is president of the bank
und G. l.. Hall the cashier. Owing to
Dyes position Hall accepted Dyes O.
! *. OH everything and in this WAY Dye
4 had little difficulty i'm covering up his
actions.
! AS near IS can be discovered. Dyes
wrongdoings began about eighteen
months ago, when he forged w, g.
( C,regory'S name to a large note. The
! note fell due in October and Dye took
/ 1t up, forging Gregorys name 10 y new
one 10 replace ii. III is estimated that
Gregorvs name has been forged to So
coo or $4,000 worth OF paper, and unless
reimbursed by Dyes father, Gregory
i will be "A heavy loser
College and School In IT..
Dye Was treasurer of Tabor college
Cor humble. OF years until last June
4 when the trustees replaced him with
IRA Mccormick of the First National
bank, of this city. Since that time the
trust ee's committee has been una BILE tt
secure an accounting of the college
funds from Dye. although they haze
repeatedly requested i'll. ON account o.
this DELAY it is feared that the college
may be involved IN the present trouble
Dye WIS also treasurer OF the s"hoo
district and had several thousand q
the districts fund in charge. There j:
more or less worry about this also
Story Of the Failure.
Dies Sloines. la. Nov THE Stat
Bank of Tabor. Tabor. Ia, closed IL
doors here because of the alleged dis
covery that its vice president and activ
manager. III. G.. Dye. had perpetrate'
heavy forgeries of notes and used Their
as security for large bogus loans. 1t !
stated by the bank officials, however
that the bank is sound. regardless o
DIVES acts, and that ii will pay its de
posi.ors dollar for dollar. II was CAPT
talized at $4,000 and carried abou
SlG5.G00 of deposits.
The disclosures caused sensatio
I'm southwestern Iona. where Dye an
his parents have long been favora bl
known His father is Sylvester Dye. q
Council Bluffs. a wealthy nam He
there NOW under the watchful care &
his father and brother. breaking dow
under the realiz;ttion of the enormit
of his offense.
The discovery of his iircgula.ite
Was made by W. q. Gregory. of III
bank directory. He made an examine
ton of the books during Dyes recel
absence i'll Omaha and found sever;
fo:geries. He followed Dye, and ii
alleged that he found him in oman
drunk. aud that he secured a confe
SION 1T is estimated that the allcge
forgeries will amount tn $4,000 Dye
personal assets are about $4,000. 1t
said he has plunged heavily in specl
a:iol and in doubtful oil land inves
nlents. and otEcrWis Use has led Il fast lif
SMOKING STOVE WRECKS HON