Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-09-20
Former President of Farmers
& Mechanics Is Accused
in Eight Counts.
OCCUPIED PROMINENT
PLACE IN D. C. CIRCLES
Variance in Figures Is Charged
in True Bills Voted
by Grand Jury.

Harry " Haynes, former president of
the Farmers 6s. Mechanics National
Bank Of Georgetown and once a presi-
dent of the District Bankers Associa-
ton, was indicted by the grand jury
today on eight counts charging false
entries and misapplication of the banks
moneys.
The bank is now branch of the
Riggs National. which took it over six
months ago. Haynes resigned about
year ago.
On June IA Mrs. Louise T. Chambers
of the Wardman Park Hotel filed a suit
for damages against Haynes. charging
that he had "dissipated her entire
unauthorized financial transactions.
She asked for an order compelling
Haynes to reimburse her.
Charges S2S0,oo0 Loss.
Mrs Chambers asserted that she not
only lost stock totaling in present
market value about $4,000, but was
induced to sign blank notes making her
indebted to the bank for $4,000. She
advised the court that she was never
informed her money had been un-
profitably invested or that any material
loss had accrued to her and was wholly
without knowledge that the defendant
had Squandered and dissipated her en-
tire fortune until October 8. 1928"
Haynes had resigned as president of
the bank two weeks before.
The first count of the indictment
charges Haynes with unlawfully and
felonously causing to be entered in a
book called note register. No. g."
i,,
declared that the total of the loans and
discounts of the bank made and re-
newed on August 18, 1927. was
$l5,943.18, when he knew the true total
OF the loans and discounts on that day
was $40.943.l8. by reason of the fact
that loan of $4,000 had been made
by the bank to him.
Second Difference Cited.
The second count charges Haynes
with having on August a caused to be
made in book called mote register
No. 8" another allegedly false entry,
designed to show that the totals of
the loans and discounts of the bank
made and renewed on August Is, 1927.
on August "a, 1927, included, was
$76,2S91S.
The true amount. the indictment al
leges. was $l01.289.18.
The third account asserts that on
December 81, 1927, Haynes caused to be
made "unlawfuliy and feloniously" an
entry in one Of the banks books known
as general cash settlement No. f." an
allegedly false entry, declaring that "t1e
third paying and receiving teller of said
member bank. at the close of business
on December 81, 1927, there, had in his
teller'S cage a sum of Sl4416.77 in cash, +"
when Haynes knew this to be false.
The true entry, the Indictment al
leges, should have been $8,o47.3s.
The grand jury contends in the fourth
count that on December 81, 1927.
Haynes caused to be made in one of
the banks books, known as General
Cash Settlement. No, T." an allegedly
false entry that the note teller of
said member bank, at the close of busi-
ness on December 81, 1927. there had
In his teller's cage the sum of S17,e192O
In cash. when the true amount in cash
should have been Sl.21S86.
The indictment charges that HAYNES
knew that the sum of S179192o then
included two certain memorandums and
'cash items, one of S12.500 and the
other Of s4,2oo.S4." which were not
cash; "as he. the said Harry v. Haynes
we'll knew. the tenor of which. said
memorandums respectively is to said
grand jurors unknown, but which said
memorandums, then and there repre-
sented improper charges to the cash ac-
count of said member bank of S12 500,
made July 20, 1927. and $4,200.34 made
on December 81, 1927, for the benefit
and at the direction of him, the said
Harry v. Haynes"
The grand jury charges that Haynes
have been $1,2lS.86.
Is Reported Out Of City.
Haynes could not be reached at his
home. s East Melrose street, Chevy
response at the residence telephone. He
is reported to have been out of the city
the greater part of the Summer.
Haynes was elected to the presidency
of the Farmers e. Mechanics Ma
tional Bank, In Georgetown, in 1919,
when the institution was located on the
southeast corner of Thirty-first and M
streets. Later, during his administra-
ton, the bank erected a new building
at the corner of M street and Wiscon-
sin avenue. Several months ago Mr..
Haynes resigned as president of the
bank and the Riggs National Bank car
ried out merger plans. making the
Farmers & Mechanics National a
branch offlce.
During the nine years he was at the
helm of the Farmers &,Mechanics' Ma
tional Bank, Mr.. Haynes was one of
the leading bankers in the city. He
started his career in finance with
Riggs. as a stenographer, and pushed
himself forward rapidly into positions
of greater importance. Five years ago
he was president of the District of Co
lumbia Bankers Association, having
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