Illinois Court Case Involving Lorimer Bank Officers
A day in Illinois state courts focused on former Senator Lorimer and officials of the chain of banks tied to Lorimer’s LaSalle Street Bank in Chicago and the subsidiary Mun day banks.
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Newspaper
Warren Mail
Location
Warren, Pennsylvania, United States of America
Date
Oct 29, 1914
Page
6
A day in Illinois state courts focused on former Senator Lorimer and officials of the chain of banks tied to Lorimer’s LaSalle Street Bank in Chicago and the subsidiary Mun day banks.
Allied forces halted German westward advance from Antwerp through Ghent and Bruges to Ostend. French British and Belgian troops recaptured ground, aided by Royal Navy gunfire, as Germany eyed Dunkirk Calais and an English landing.
Arguments opened before the Federal District Court in Philadelphia over the government suit to dissolve United States Steel Corporation. John M. Dickinson cited vast profits, 180 affiliated firms, and a reported $40 to $50 million potential yearly gain from current prices. Defense contends the firm aided public development and held a minority share of trade and ore deposits.
A sprawling report from the Sixty third Congress outlines large scale reform measures, new federal powers, and a $90 million revenue aim. Indictments loom as Lorimer faces fresh charges and Taft presides over ABA proceedings while Wilson promotes a more humane law approach.
Roosevelt launches a whirlwind tour of Pennsylvania after Chicago as he seeks to mobilize the Progressive base against Senator Penrose. He links Sullivan Illinois Penrose Pennsylvania and Barnes New York as operators of bipartisan machinery serving dominant corporate interests.
Eastern railroads urged the Commerce Commission to allow a 5 percent raise to offset wartime revenue losses estimated at 71 million dollars. Executives and lawyers clashed with Brandeis in a tense session as questions arose about dividend payments and future prospects. The 1914 income tax release shows top earners with vast fortunes, including several over 1 million dollars, and thousands of married women filing separate returns.
The Washington Party, aligned with Roosevelt in the Progressive banner, presents a clean route to defeat Penrose and penroseism. It advocates a square deal in politics and rejects Democratic and reactionary backers of crooked interests.
Tax data show 55 212 single men paid income tax and 79 426 returns filed in ten months, totaling 28 million dollars against a 40 million estimate. World wheat crop down by about 350 million bushels. US harvest 892 million. Federal reserve banks poised to start November 39 after Wilson's urging. Bethlehem lands 25 million guns contract with France.
A fragment describes a garden as a source of pleasure and calm. The speaker notes gardening teaches humility about growth and questions high prices, reflecting a contemplative mood in a local feature.
The Mt Carmel meeting features Judge Walter praising Senator Penrose as a martyr and virtuous public servant. He compares Penrose to Socrates Jesus Christ and Lincoln, cites a 1907 foreign missions donation letter, and blasts liquor interests opposing Penrose.
Johns town Tribune notes Dr Brumbaugh and every saloonkeeper backing Penrose create a paradoxical image of the senator as a Jekyll and Hyde figure, with Hyde as the dominant impression.
From Wayne County and across Pennsylvania comes confident reports that Phinchot and McCormick will win. The Wayne Independent notes broad statewide support for the pair.
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