The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1909-07-19
POOR BUSINESS
METHODS
BANK FAILURE
Examiners Believe DepOsitOrs
VIII Receive Full Amounts
If Books Are Accurate
Won Meyerinck's Suic ide Brings
About Exposure of Strange
Condition in Institution

led depositors had made an attach
on IT,
Superintendent Anderson was asked
TO dinerentiate the various banks doing
business at the office said ne:
Il find papers Of the Bankers loar
and trust company. one of Ray Ma
thaniel knights concerns; the Com
mercial savings and trust company. tn,
state savings and commercial and Tho
Union state bank just at present
don't know where all those paper.
come In. They arc mortgages. notes
securities. etc"
Ray Nathaniel Young. who once op.
Grated the Bankers loan and trust
company. has recently been involved in
curious financial deal.
Minute Book Not Available
At the bank Office yesterday were w
C. Hays. c. T. I4asshagen. T. A. Bech-
tel and Attorney Edward C. Harrison
representing Mrs. Adelina Hasshag gen
the woman who furnished considerable
OF the funds with which Hasshagen and
HAYS tried, TO swing the National Bank
OF the Pacific deal. Hays had promised
10 bring the minute books of the bank
for the inspection OF Anderson, but
they were not available yesterday, as
they were in the custody of his at
torney. Charles Adams. of the firm of
Adams & Adams. Adams was out of
the city. Hays said they would be
produced at $3.50 O'Clock this morn
Ing.
During last week Hays was ousted
from his position as cashier of the
bank. but as he claims to hold the Iarg-
est individual interest in the bank he
kept the important minute book. Frank
Y KinGton, formerly in the Office of
George d. Collins. bat more recently
attorney Tor NE bank at salary Of
$3.50 month. was not visible in the
time of stress and trouble. being out
or town. it was said, on a hunting
trip.
Attorney Harrison was the first 10
leave the bank Office after the confer
ence. He was at sea when he came
out L don't know what we shall do.
he said. Mrs. Hasshagen will walt
until the affairs are clearer before she
viii take any steps in the. matter. The
new law makes liquidation cheaper and
speedier than was possible under the
old law. but am not prepared to say
at present II liquidation veil be re-
sorted to"
Anderson. accompanied by his attor-
ney. Fletcher Cutler. came out shortly
sfterward and then Anderson made the
definite statement that under no cir
cumstances would he permit the banks
TO reopen for business
Hasshagen's Lips Sealed
C. T. Hasshagen said that his lips
were sealed" and that he could not
discuss the affairs of the bank. He
would not say he would bring action
against Hays TO recover the money
which it has been said he lost when
Hays started to swing the National
Bank OF the Pacific deal He admit
ted going TO A Mon Chateau with
Hays and Bechtel, but denied that
he had ever gambled.
Bechtei would not admit toying with
the roadhouse tiger in company with
Hasshagen and Hays.
IT hays says that ever went to
hagen or alone or at any time he
libels me-" said Bechtel complacentlv.
although Anderson had told the bank
people emphaticaliy that under no cir
cumstances would the banks be al
lowed TO reopen. when the deposed
Cashier Hays came from the confer
enoe he said that he did not think
he would rehabilitate Hays reiter-
ated his statements about the gam
bling at the San Mateo county road
houses. He also gave some interest
ing figures regarding the ownership
OF the bank stock.
The stock in the State savings and
commercial bank is divided as follows
according TO Hays: Hays owns one
third; Hasshagen. one-third: Bechtel
and Frank V Kington one-sixth each.
Hayes said that he owns three-fourths
II the stock In the Union State bank.
HAYS drew a salary Of 5000 a month
from the Union State bank and s250 a
month from the State savings and
commercial, giving him an income OF
$3.50 a month. Kington, as attorney.
drew SI25 from each bank.
Feared TO Tell Wife
The principal reason for the suicide
OF Baron William Won Meyerinck ac-
cording 70 his statements made TO At
torney william Barnes a few DAYS be-
fore be took his life was the dread
81 having 20 confess his faults to his
wife.
Il met the baron few DAYS before
the shooting, said Barnes yesterday.
and for the first time in our ac-
quaintance OF many years saw he was
ill at ease and depressed. During the
course or our conversation he began TO
speak OF his financial troubles.
AS understood him at the time. he
seemed to have been borrowing money
pretty freely and had been Withholding
the fact from his wife. He said to me
.Das-neS can NOT eNDlafn 20 her