The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-04-16
CREDITORS AGAINST TRUSTEES.
Are I'm for a Fight Over the Wreck of Spald
inc's StesliIgs.

| Chicago. April I5.-Charies W. Spaid-
| ing. ex-prezident of the Globe Savings
bank and ex-treasurer Of the University
| Of Illinois, has made A voluntary as
Segment TO the university trustees o.
realty and bond securities approximate
| ing $780, 600.
Some Of the bonds conveyed 10 them
are now in the hands Of Receiver Leman,
Of the Globe Savings bank, and a des-
perate fight will be w2ged by the de-
positors of the bank to proven. them go
ing TO the university.
Criminal proceedings are not to be
brought against the former treasurer by
the trustees unless they cannot be in
IDENTIFIED for the money and bonds used
by Spalding. But suits are TO be begun
against the First National bank, the
Northwestern National back and the
Metropolitan National bank 10 recover
s342,0O0 OF bonds hypothetical or sold
to these institutions by Spalding person
ally or through brokers.
Judge Horton today issued an in
junction restraining Spalding from turn
Ing over 10 the University of Illinois the
Idaho canal bonds which were found in
the vaults Of the bank by the receiver.
The complainant is James H. Brady.
chief stakeholder OF the Idaho Falls
Canal and Irrigation company, which is
sued the bonds. He claims 10 be the
owner of the bonds. The bonds in ques-
ton, amounting TO s162, 900, are part of
the securities by which Spalding was to
have settled his accounts with the uni
versity, of which he was trea surer. The
injunction restraining Spalding from
turning the bonds over TO the university
interferes seriously with the settlement.
Springfield, H., April 15.-The state
senate today adopted a resolution pro-
viding for the appointment Of special
committee Of five to investigate the re-
ported misappropriation Of the funds Of
the University Of Illinois by ex-Treasur-
CT Spalding.
Chicago, April 15.-Charles z. Church
i'll, cashier OF the detunct Globe Savings
bank, has made a statement on the fail
ure, which, il true, duplicates Georg r.
Hayden, the state bank examiner under
Governor Altgeld. Mr.. Churchill said:
Mr.. Hayden, the state bank eXami-l-
er, made an examination Of the Globe
Savings bank two days before the ex-
piration OF his term of office. but 1 have
since found that he did not file his report
with the state auditor. When the state
auditor ordered an examination a few
weeks later, I went 10 him, and asked
why he did so. HIS reply was that there
was no report of an examinatio made
by Hayden in January, and he made a
demand on Hayden for his report
Hayden finally filed his report. in
which he recommended that the bank
should be closed. The report was filed
two months after the examination on
which il was based was made.
Shortly after the examination by
man whom I know to be a
close friend OF his. attempted 10 pur-
chase the bank, or at least talked abou.
it, This man was inaroduced to US by
Hayden. The negotiations for the con-
troll OF the bank failed, and soon after the
report was filed, but not until after the
new examinations had been ordered. and
the fact had developed that the old re-
port had not been fled"