Show ARRESTS TO TOBE TOBE BE ADE IN INS INI S I BANK CRASH Los Angeles City Will WillBe WillBe Be Be Among Heavy Losers BISHOP Calif Aug 12 Wy By By The Associated Press Arrests in con con- connection connection with the more that than embezzlements disclosed as the cause of the failure of the County bank of Bishop probably pro a ly will be made today This was as the announcement ment by District Attorney Jess Jesa Hessian of In- In Inyo Inyo Inyo yo county who ho arrived here to take charge of the investigation which Is expected to result in the arrest of two of Owens valleys valley's most prominent citizens Previously Pre A A. A. A an attorney representing the state banking department had declared both balls W. W W W. Watterson president and M. M Is C O. O Watterson cashier of the county bank would be arrested in connection with the huge embezzlements A A. check of the this deposits showed that the city of Los Angeles against whom the have led the valleys valley's battle batlle over water ater rights would be a large loser in the closing of the institutions The Owens Val Val- Valley Valley Valhey ley hey irrigation district had on deposit in thea th Inyo County bank The city of Los Angeles owns the greater part of the land of the irrigation irrigation gation gatlon district while W. W W W. Watter Watter- Watterson son is president of the organization In addition the city cily water waler and pow pow- power er department had on deposit in the valley bank W. W W W. Watterson issued sued a brief statement in lie which he said he would see to it that no one lost through the difficulties of ot his banks |