The Dawson news. (Dawson, Ga.) 1889-current, 1915-04-20
fHARGES CONSPIRACY
n WRECK RIGGS BANK
,or PROCEEDINGS AGAINST
w. ,r.RY OF TREASURY AND
Sn' upoILER OF CURRENCY.
rAnOO CURSED BANK OFFICER

III w
+iopal Allegations Against High
pell'" 'arrment officials Make Them
',0ants. Williams Says Institu-
' FAILED to Obey Banking Laws.
DISTINCTION, D. C.-secretary
w.. treasury McAdoo and Con-
n ,n0 Of the Currency Williams were
f0n'' attendants today in proceed
pau ,oo7,n in the District of Column
nS' .nnreme court by the Riggs Ma
pa 9T' Rank of Washington, D. Co
Sssh allege that these officials have
Go q1i'i and conspired to wreck the
I '' temporary and permanent inlunc-
- halt the alleged conspiracy
\ n ol- to prevent the controller from
nr ,.aa what the bank charges are
4 Hp ,arfnI demands for special reports
j ln'r orions kinds, are sought from
temporary Injunction Granted.
Tbo hanks bill of complaint con-
nc tbirty-seven specific allegations
kssigped to show that the controller
/ 91on+nd unusual and legally ques-
&,.ob1o tactics in dealing with the
4 !tn+ion It recites that evidence
/ ~ unusual desire for information
4 .,orning the bank was shown by
H. Williams shortly after he assum-
4bo office of controller more than
/ roar ago and has continued ever
G,rco Prior to that time, in Decem-
=, 1914 if says Mr.. McAdoo charg-
4 o4icnrs of the bank with response
8,rtv for publications regarding the
SHcia1 conduct of the defendants
r;riams assistant secretary of the
roosnrv When this charge was de-
n iad the bill asserts, Secretary Nc
i 5oo cursed Milton E. Allies, a vice
Arosident of the bank, and said to =.
i Glover, it's president;
Mr. Glover, you know what this
lOeans to the Riggs National Bank.
Meaning thereby" the bill ADDS,
!, that from that time on the power OF
he treasury department would be
excessively used for the ruinatlon
4 nd destruction of the plaintitt bank
II order to satisfy the personal NAL
&c and ill-will of said defendants,
Williams and McAdoO, and shortly
sfterwards the said defendants, Will
ANS and McAdoo, began series OF
lersecutiOns against the plalntlrf
bank for the purpose of impairing or
destroying it's said business, thereby
lrostituting their high public ONCE
Ind violating their oaths in order TO
ent their personal vindictiVeness
gainst the officers of the plalntlH
bank"
A few months later, the bill sets
forth, the plaintiff bank was notlned
BY c. S. Hamlin, now governor or the
I FEDERAL reserve board, but then as
sistant secretary of the treasury, IN
charge Of the fiscal bureau, that Sec
ketary McAdoo purposed to exclude
she Riggs from a share of deposits to
sOver the District of Columbia tax
Rithdrawals which deposits by Gus
( ON are divided among the national
banks Of the district.
Declined to Explain.
Mr., McAdoo later wrote to Mr..
Blower, the complainant states, de-
E!lning to explain why such action
shOuld be taken, and adding at the
PANE time his intention of withdraw
Eng all government funds from that
Pank. Subsequently, it is alleged
government deposits amounting to
pore than $1,2O0,00O were with
Ta|n from the bank, including Pan
ma-Pacitic deposits amounting at
Fne time to $1,158,479.
These Withdrawals were brought
Oout by Secretary McAdoo, it is
FnaTged at a time when the Euro
Pean war and the business depression
II me United States had made banks
uSOand their resources and in a
generate attempt to wreck the plain
III bank, in the execution of the con-
lpIacy existing between him and the
LeIendant Williams for that pur-
pose"
FURTHER complaint is made that
pr Williams, as treasurer of the Red
loSS Society, had the funds it kept
u deposit with the Riggs bank re-
F'J,eu TO other institutions.
Ior almost a year, the bin AYERS,
e. p0pIRqWoq sBq I9uoI}Uo9 0ql
'sgs National with demands for
yecIal reports of many sorts, exceed
- lne lnquisitorial and visatatorial
gCoeIS vested in him. The bank de-
'@.eS That it has made an effort to
YmNy with these demands, has
USed It's clerks early and late to do
ouI mat requests Tor tine have
met with refuSals, aud in some
~ ~''uceS with a reminder that fail
~ 10 make report sae ked for By a
h. ,1'.oI!er involve a penalty Of $500
M aCn day after report is asked
%IQ not rendered. Exact figures
ia tne penalties the controller may
a.. ne bank has incurred in this
1uoh, the bill states, are not