Hide Article Text (OCR)
PRICE THREE CEJSiTSie0“aeie3Gt-to1-*dIn?e* ^Itr- *idi-1-BANK PROBE TRUE BILLSFOR HUTTIfiMUMAV. LORIMER AND TWELVE OTHERS INCLUDING MUSCATINE MAX INDICTED,HUTTIO IS SUBPRISEDSays Presidency of' IU*ehlll Cemetery Association When Securities Were l)is|oscd of Through Lori-mer Bank Kxplains.Indictmejit-Ufiy*ixfAsscciatoc Press X-cased Wire.)Chicago, 111-, Oct.. 2?..—Capiases were being prepared today tor the firrest of Win, Lorlmer, Cbas, ' B. Mud day and twelve other officials of the LaSalle Street Bank and allied institutions against whom indict-meets were returned -yesterday charging them .with, looting the bank.The aggregate of the bonds j3e-ma-nded of the defendants is $275t-‘000. The first of tlie indicted men to surrender was John B. Dcvoney, former president of the International Trust and Savings Bank. •Lorimer’s attorney telephoned the chief bailiff to hold up the capias for . his client as the latter would appear In court this afternoon, but the bailiff said that-the ordinary routine of service would -be followed. •The former senator beat the process server into court and provided bonds of $30,000. His son William and several other defendants also were in court with their bondsmen. Fourteen' Indicted,The special grand jury that has -[•been working on the Lorimer-Mun--! day bank . scandal for almost three t! months, made its report yesterday. It I ‘ returned thirteen JmHctraents imm-1 mg fourteen officials and employees of the LaSalle Street Trust and Savings bank and its subsidiaries.• .Thoso indicted and tlie charges against each are:WILLIAM LORIMER, SR.,' president of LaSalle Street Trust and. Savings ‘Bank, charged with conspiracy, embezzlement etnd larceny.CHARLES B. iMUNDAYr vice president of LaSalle Street Trust and Savings Bank, charged with conspiracy* embezzlement and’ larceny;PAUL HAZARD, member of sanitary district hoard or trustees and president of Broadway State Bank, charged with conspiracy.CHARLES G. FOX, vice president of LaSalle Street Trust and. Savings Bank, charged with conspiracy, embezzlement and larceny.THOMAS MCDONALD., cashier of LaSalle Street Trust and Savings Bank, charged with conspiracy, embezzlement and larceny.JOHlM K. SEGRAVE, chief in state auditor's office, charged with conspiracy, embezzlement and larceny.WILLIAM LORIME7R, JR., president of William Lorimer, Jr. Co., charged with conspiracy to loot.H. W. HUTTJG, Muscatine, Iowa, former* director of LaSalle Street Trust, and Savings Bank and president of Rosehtll Cemetery.Company, charged with conspiracy, embezzlement and larceny.FRANK H. NKVAK, president of State Bank of Calumot, charged wlih conspiracy to loot.CHARLES YvL NOVAK, secretary of the State Bank of Calumet, charged with conspiracy to loot.JOHN H. REFS, vice president of the Broadway State Bank, cliarged with conspiracy to loot.EDWIN J. POTTS, vice president of the Ashland-Twelfth State Bank, charged with conspiracy to defraud and with receiving deposits after bank was known to be insolvent.ABRAHAJM LEVIN/ cashier of Ashland-Twelfth State Bank, charged with conspiracy to defraud and with receiving deposits after hank was known to be Insolvent.JOHN B. DEV-ONJSY, former president of International Trust and Savings Bank, charged with conspiracy to loot.Substance of Charges.The report in substance was:That fourteen persons, named in indictments voted • by the jury, had looted the Institutions of nearly $2,500,0DO. •That forgery, thievery and embezzlement had been committed, involving nine banks and• one other concern.That practically every knownbanking lav; in the • state bad been violated.That assets of the LaSalle Trust'and Savings- Bank bad been stolen to organize other * institution* in the “chain/’ that checks had been “kit«lt;TF in carrying out the program and that the “mother” bank'had been insolvent for some time- prior to . the collapse.That securities of worth held by financial institutions in which the- Lorimer-Muriduy “fin ail-JL£S?U9Mfc: jRltor-fci
Newspaper Details
Muscatine Journal
Muscatine, Iowa, US
Fri, Oct 23, 1914
Page 1
Full Page
Clipped by
Anne C.
NA, 01 Jun 2023
Other Publications Near Muscatine, Iowa
Muscatine Journal and News Tribune
New Indexed Atlas of Muscatine County Iowa
Atlas of Muscatine County Iowa
Muscatine Daily Journal
Muscatine Weekly Journal
