Show BANKERS FACING SERIOUS CHARGE LOS ANGELES By ANGELES By The Associated Press Embezzlement Embezzlement of ot a II total of Is charged against two brothers Mark Q and W. W W W. Watterson Owens Valley bankers The two defendants came to Cali Cal California fornia 20 years ago rom from the Isle of or Man Practically penniless they picked the semi arid Owens Valley ley Icy as the country In which they would cast their lot lotA A score of years jears ears later la r they oper oper- operated operated operated and owned most of the stock of the five banks held large areas of 01 land which under irrigation from mountain mount streams produced lavishly lavish lavish- ly If and had heavy Interests In tungsten and chemical mines and mineral springs Recently they closed their banks blaming their financial reverses on the long long- longwater water war ar between the valley alley residents and the city of Los Angeles State banking om officials dais clab however howe alleged misuse of co funds and obtained their Indict IndIct- Indictment IndIctment ment merit on three forty counts of em embezzlement cm- cm and forg forgery ry- ry l |