Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-09-20

Continued From First Page.)
previously held the Offices of secretary
and Of first and second vice presidents.
He served on many Of the associa-
tons important committees and was
honored by his fellow bankers with
election to several of the leading COM
mites Of the American Bankers AsSo-
citation He attended and took an
active part In every annual convention
of the local association for several
years and rarely missed the national
gatherings of the parent association.
For four years Mr.. Haynes was chair
man OF the Washington Clearing House
Association. the most important f1nan-
cial organization in the city, since II
is made up Of and controlled by the
member banks. The officers are elected
each year. his reelection for a fourth
term having taken place shortly before
he left the local banking field.
Some years ago Mr.. Haynes was very
active in the affairs of Washington
Chapter, American Institute of Bank
ing, which devotes its efforts to the
training Of young bankers for higher
positions in the profession. Several
times he has presented, for the Clear
ing House Association. the annual $50
prize offered for excellence in scholar
ship.
During the World War Congress char
tered the BaIleau Wood Memorial As
ISOLATION and Mr.. Haynes was made
treasurer of this organization. Active
in civic and business affairs. he is a
member Of the National Press Club,
Der Of Commerce.
Born in Philadelphia. June 81. 1878,
he obtained his early education in the
Quaker CITY, He came here in 1900.
While president of the bank in
GEORGETOWN Mr.. Haynes was also chair
man of the boar d, the other members of
which included William M. Beall, j.
Mckinney Berry, Charles H. Cragin.
Joseph H. Crawford, Henry w. Fisher.
william c. Gwynn, William King, Jo-
seph H. Lee. G. L. Nicholson, j. Wilbur
Sherwood. Thomas J. Stanton. Julian
M. Walters. Robert D. Weaver and Ray
mond J. Wise.
Two years ago directors of the Farm
ers & Mechanics applied for and OBJ
tanned q charter for the oper ton OF a
branch bank on Wisconsin avenue in
Friendship. The bank erected its own
building.
At the time the Riggs Bank took
over the Farmers g. Mechanics Bank
and the Friendship branch Mr.. Haynes
was chairman of the protective COM
mittee Of the District Bankers Asso-
citation.
George Willard Bennett, teller at
the bank. was arrested in July and
charged with embezzlins 100000 of the
banks funds.
False Entry in Report.
In the fifth count of the indictment
the grand jury alleges that Haynes on
December 81, 1927. was responsible for
the quarterly report of the bank going
to. the controller with "a certain false
entry to wit, Cash in vault and amount
due from national banks &C schedule
No. y, S251 .103 81" when, the grand
Jury contends. Haynes knew the true
resources were only $228,o3424. The
indictment explains that the sum OF
$251 1887 included three cash items.
which, "in fact, did not constitute cash.
but were mere written memorandum.
placed In the bank by direction of
Haynes, one for $l2,500. another for
| 81, 1863 80. and another for 81 ,20o.34, and
which represented improper charges
to the cash account of said member
bank"
The sixth count alleges that on Janu-
ary a, 1928, Haynes ''misapplied GER
tain of the moneys funds and credits OF
the bank to the amount of $29,050.'
In this count Haynes is accused OF
| applying a credit in the amount OF
$29. $50 to the account of w. B. Hibbs
q Co., and that the credit entitled the
Hibhs Co. to withdraw and use the
funds for their own purposes. Instead
Of securing the repayment by him of the
S2s,C5O to the bank. Haynes, without
the knowledge of said w. B. Hibbs q
- Il fIAA to ~
charged to the bank.
The seventh and eighth counts charge
Haynes with having converted to his
! own use 200 shares of the Houston Oil
Co. of Texas. valued at $4,000. Each
count specifics a 100-Share lot, valued
| at ST., 900, and the stock is said TO have
been used ON March 10 and IL, 1928.