The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1909-07-16
HAYS OUSTFD
AS CASHIER OF
UNION STATE
Strife Among Bank Directors
After Merger Results in
Officials Removal
Styled a Frenzied Financier
and Refused Admittance
to the Vaults

Hays is not banker, he is n fren-
1ied financier of the most acute type.
This bank is very fortunate In getting
rid of him at this time and an easily
as 1T did.-T. A. Bechtel, new cashier
of the Union State bank.
L don't care what they say of me.
refuse to discuss the affair. L be-
Heye in action and not In words. When
the proper time arrives maybe 1 will
have something to say.-W. c. Hays.
who was deposed as cashier Of the
Union State bank yesterday morning.
Strife among the directors of the
Union State bank. the institution which
recently secured the control of the Ma
tional Bank of the Pacific. and more
recently lost that same control, came to
a focus yesterday morning, when w.
c. Hays cashier of the bank, who engi-
neered the National Bank of the Pa
cific deal, was refused admittance 10
the vaults of the institution by his
stepfather, custodian of the vaults and
one of the directors
APPEALS TO POLICE
Hays appeared at the bank shortly
after o'clock yesterday morning, and
when he was refused admittance to the
vaults telephoned to the police for as
sistance. Detective Sergeant Gaughram
was detailed to investigate the case,
but he refused to take a hand in the
threatened alteration between father
and son, saying that the dispute was
one to be settled in a civil action.
The younger Hays had been re-
Quested to resign two days ago, and
when he refused the directors holding
a majority of the stock declared the
position vacant and Immediately elect
ed Bechtel cashier. 1t was Bechtel
who, when asked for the details of
a frenzied financier and knew little
or nothing about the banking bust
ness
Later in the day when it became
known in financial circles that the
officers had engaged in a dispute Arch
ibald Kains and Clarence Grange, rep
resenting the clearing house committee.
called at the bank with view of
bringing both sides of the controversy
together in an effort to effect an ami
cable settlement. Hays did not attend
the meeting, however, and practically
nothing was accomplished.
When seen later in the evening Hays
refused to discuss the affair He de-
MED. however. that he had been de-
posed
OBJECT TO HAYS METHODS
Bechtel, who entered the Union State
bank at the time of the merger be-
tween that institution and the State
savings and commercial bank, said yes
terday that both banks were in the
best of condition. He declared that
the wrangle did not directly affect the
affairs of the bank and was more a
matter of personal feeling of the di-
rectors, who did not approve of the
methods of Hays.
According to the last reports of the
Union State bank the directors and
shares owned by them were: John
Tonnigsen, 10; w. c. Hays, 10; c. T.
Hasshagen, 10; H. M. Webster, 25; w.
K. Hays, 15; F. V. Kington, 10, and
T. A. Bechtel, 10.
1t was authoritatively stated yes
terday that the purchase of the control
of the National Bank of the Pacific was
the real cause of the ousting of HAYS
1t is said that Hasshagen put up all of
the money to finance the deal and that
when Grange of the Western national
secured the control Hasshagen lost
about $40 a share on the 1874 shares
purchased