The San Francisco call., 1909-07-24
HAYS SAYS he DID
. NOT STING KINGTON
Declares He Befriended AttOr-
ney When the Latter Was
Down and Out
Mrs. Anna MOnnier Will PrOba-
bly, Resist Payment of the
Note for $4,000

w. c. Hays. deposed vice president
and manager of the defunct Union state
bank, denied absolutely yesterday that
he had ever asked Attorney Frank v
Kington to invest any money in the
national bank that he. Hays. proposed,
to organize.
why. both Kington and Patton
came to me and begged that I discount
that Monnier note and that l allow
in national bank stock. Kingdoms
statement that he had been stung by
me is absolutely false. Why. he came
to me and begged that 1 give him the
job of attorney.
Il promised him the position but
told him to wait until the first of the
month. That was in October, I think.
He came around day or SO later and
asked me to put him on the pay roll
at once. He pleaded that one months
salary would make no difference with
the bank. 1 put him on then and
little while later l bought the Monnier
note. l didn't have to ask him or
Patton to investtin national bank stock.
They were perfectly willing to put
their money into it.
SAYS BECHTEL WAS BROKE
4 made money for them and now
they are trying to place the blame OF
wrecking the bank on me. Why. Bech-
tel came TO me broke, and l gave him
job at SIS month. / did the same
with my brother and my stepfather.
They all made money through me and
now they are doing everything in their
power to place the blame of the bank
Kington would not discuss his losses
any further yesterday. He also re-
fused to discuss the legality OF the
$4,000 Monnier note which Mrs. Anna
Monnier gave to Kington and Attorney
/ Patton and which Patton sold to the
Union state bank for $4,000 and which
Mrs. Monnier threatens to protest when
ii is presented for payment. Despite
! the fact that Mrs. Monnier called at the
Union state bank several days ago and
announced that she would not pay the
note. Kington declared that she would
pay it and had told him so within tire
last As hours
Kington did not. want Attorney Pat
I toms name mentioned in the transac-
ton. He declared that Patton was not
interested except as the owner of few
shares of stock and that Patton only
| accepted the stock in order to get the
note discounted. Should the note be
declared illegal by the court. Kington
and Patton would be to the good and
the bank would be out $4,000 Grange
of the Metropolis bank would also be
out the money he loaned on the note
MAY CONTEST NOTE
t. A. Bechtel. who spends most of his
time about the Union state bank in
the capacity of answerer of conun-
drums" for Bank Examiner Young, said
yesterday that Mrs Monner has posi-
lively declared that she would contest
the note Bechtel appears to be very
resentful toward Clarence Grange. who.
he declares, broke his promise with the
bank Grange refuses to discuss the
matter He loaned the bank sufficient
to meet it's clearings July 16, and ex-
acted considerable collateral as secur-
lty, but he claims that that was merely
matter of self-preservation
superintendent of Banks Alden An
derson Yesterday authorized Examiner
Young to pay all depositors who had
deposited money on the 18th, the day
he closed the institution. The bank
was only open for three quarters of an
hour before Anderson took charge and
the deposits in that time We're not
very extensive.
TALKS OF REHABILITATION
W. c. Hays has been working for
tation of the bank. He seems to for
get that Anderson has positively re-
fused to entertain any plan whatsoever
for sthe rehabilitation of the institu-
ton. and is working with his attorneys
every morning and afternoon in his
attempt to perfect a plan He insists
that he has interested several wealthy
men in the city. but refuses to divulge
their names. Hays says that he will
be satisfied to rehabilitate the bank
He has no desire to be again connected
with 1t.
The contract concerning the Iiouida-
ton of the National Bank of the pa
eif1c, given to Hays and HasshaEen bv
Clarence Grange of the Metropolis trust
and savings band, was turned over to
superintendent of Banks Alden Ander
son yesterday and viii be held by An
derson pending his examination into
the apparent discrepancies that appear
on the books of the bank
1t was whispered yesterday that sew
eral new discrepancies had been dis
covered in the banks books. but the
books are in such tangle that It is
impossible to tell whether they are due
to loose system or book keeping or
book keeping methods"