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Show WILLIAMS Hi UMFIflE Charged With Mismanagement Mismanage-ment of Big Bank in Pennsylvania. WASHINGTON, July 16. Stockholders Stock-holders of the First National .bank of Uniontown, Pa., lost $2,780,000 through management of the bunk's affairs, aftTr it had been closed by Comptroller of Currency Williams, A. E. Jones, representing rep-resenting shareholders of the bank, told the senate banking and currency committee- today in opposing Williams' confirmation con-firmation to succeed himself. The comptroller, Jones charged, "unfairly and unwisely" disposed of tho bank's assets. Keparding voluminous correspondence presented by Frank J. Hogan, who charged Mr. Williams with persecuting the Eiggs National bank, Jesse C. Ad-kins Ad-kins asserted that tl;e comptroller's let- ( ters asking for various information from the bank's officials were prompt- ed by his efforts to determine whether that institution was complying with the law. Reviewing the litigation proceedings, Adkins told the committee that the bank had won only upon technicalities and that the court upheld the comptroller comp-troller 's right to insist upon the reports requested, although holding that he did not make these requests in the proper manner. Mr. Adkins declared the bank had openly carried on a stock brokerage business despite the law, until Mr. Williams Wil-liams assumed office, when it was compelled com-pelled to discontinue this business. "I have begun to think that instead of persecuting them, Mr. Williams was too lenient with them, " interrupted Senator Walsh, Democrat, Montana. Denying that the Kiggs bank had been discriminated against in government govern-ment deposits, Adkins said it had had a "pretty fair share," averaging $1,-000,000 $1,-000,000 a year for the last ten or fifteen fif-teen years. Red Cross funds alleged to have been withdrawn from the bank in 1014 through Williams' influence, the witness said, were placed in accordance with interest bids obtained from Washington Wash-ington banks. |