Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1914-12-11
TRIAL OF v. DEAN .
HAYS NEARs CLOSE
CHARGE OF LARCENY OF $3G, $50
OF STATE BANKS FUNDS
Is AIRED IN COURT.

Trial of w. Dean Hays, organizer
and cashier of the defunct Olympia
Bank 4 Trust company, on the
charge of the grand larceny of $780,
$50 of the banks funds prior to it's
failure, has occupied the attention
of jury in the local superior court
all this week, Hays himself occupy
ing the stand in his own defense
Wednesday afternoon and Thursday,
and it is expected that the taking of
the testimony will be completed so
that the case will go to the jury Fri
day or Saturday of this week. Judge
Kenneth Mcintosh of the King coun-
ty superior court, is presiding.
One of the principal witnesses for
the state was Charles Gilchrist, now
serving term in the federal peni-
tentiary at McNeirs island for his
part in connection with the failure
of the United States National bank
of Centralia of which he was cashier,
who testified that all of his dealings
had been with Hays personally and
not with the bank, and that the notes
for S36,550 which Hays is alleged to
have taken up with two drafts for a
like amount on the local institution,
were Hays personal notes.
How Bank Was Organized.
According to the testimony of Hays
and other witnesses relative to the
organization of the Olympia Bank &
Trust company, but $4,000 in actual
cash was subscribed for the $4,000
capital stock of the local institution,
the United States National giving the
local bank credit for the remaining
$4,000 on the notes of various
stockholders. $36,550 of which were
Hays notes. the stock being deposit
ed as collateral. For this amount
stock was issued to him personally,
he testified, to be in turn disposed of
by him and the obligation at the Gen.
tralia bank liquidated by such sales.
The prosecution is emphasizing
the personal nature of these trans
actions while the defense is contend
ing that Hays acted on behalf of the
bank. The state put several of the
directors on the stand, all Of whom
testified they knew nothing Of the is
suance Of the drafts in question, and
F.. p. Mckinney, receiver for the
bank, testified the drafts were not
entered on the books. Hays testified
that on September %, the last day
the Olympia Bank & Trust company
was open, 1t had on deposit with the
United States National the equivalent
Of $80,169.26 and that the only
drafts against 1t were those for $780,
$50, leaving a credit balance of $43,-
: 619.26.
Denies Motion to Dismiss.
Upon the completion of the states
testimony Wednesday, Attorney
Thomas M. Vance for the defense
moved for dismissal or the case, on
the grounds that the state had not
filed proper charge against Hays;
that the statement of facts by the
state was not true statement, and
that the evidence adduced by the
state was insufficient to convict. This
motion was dismissed.
The jury hearing the case. select
ed Monday afternoon. is composed OF
Mrs. w. J. Frazier. Olympia; Mrs.
Frank Olds, Rochester; Mrs. Henry
Mallory, Olympia; s. T. Madden, Pu'
get; Mrs. Bernard Risse, Rochester;
W, B. Akehurst, rancher south OF
Tumwater; c. L. Rogers, r. D. No. q
Olympia; Mrs. ]. M. Hinchcline'
Olympia; Elmer Jones. Olympia; G.
Dietz, Rainier: Mrs. William Deaton
Rainier; Ed Rogers. Tenino.