Evening journal., 1897-04-14
wUMAN vgRECKS A BANK
Amazing Developments In the
Globe Failure at Chicago.
INFATUATIoN FOR A TYPEWRITER.

Chicago. April 14-Additlonal charges
in regard to the mismanagement of the
Globe Savings bank are made in an
amended bill filed today by Charles L.
Churchill, cashier of the defunct bank.
The bill is part Of the receivership pro-
ceedings and brings into the case a
number of persons not heretofore in !
volved.
President spaldings connection with
the bank is dealt with extensively. 1t is
alleged that Spalding, Edward Hayes,
Charles ]. Ford and John w. Lanehart
deceased, the latter either for himself |
or former Governor John T.. Altgeld |
purchased a tract of land of so acres
in Cook county. and Spalding, it is
claimed paid for his share out Of the
funds of the Globe Savings bank. 1t is I
also charged that Ford, Lanehart or
Altgeld knew this.
OF the sum of 100000 which the state |
auditor ordered charged to the profit /
and loss account of the Globe Savings |
bank, 1t is reported that $1,000 was an
Indebtedness of John p. Altgeld and |
$4,000 was an Indebtedness nominally !
due from John w. Lanehart. 1t is
charged, however, that the last amount
was in fact a loan to former Governor
Altgeld.
1t is also claimed in the bill that for
mer Governor Altgeld has been trans
ferring his property to keep it from the
creditors of the bank.
It is averred Spalding induced II. c.
Haley to make three promissory notes,
aggregating upward Of $4,000, payable
TO the order of Spalding or the bank,
upon the assurance Of Spalding that he
would deposit $4,000 in merchantabe
bonds as security. Spalding it is
charged, used the money for his own
benefit and set apart $4,000 in bonds.
no, Property belonging TO the bank has
been applied by Spalding, it is declared,
in the purchase Of real estate, and it is
charged that he caused a portion of
the real estate to be conveyed to others
besides himself in order to conceal his
interests. II
1t is also averred that Spalding has
used the money Of the bank to pay July
life premiums. having policies to the eX-
tent of Sl50,000.
President Spalding Vice President
Averill and Cashier Churchill of the
bank appeared yesterday in the court Of
Justice Hall and gave bonds for their
appearance April 10 to answer the
Adolph Edelman, one of the depositors
of the bank.
Disappearance of 100000.
The disappearance Of 100000 Of en-
dowment bonds of the University of IL
linois has caused a scanning Of securi-
ties held by the different banking in
stitutions in this city, and 1t has been
discovered that the First National bank
has nearly $4,000 Of the bonds which
formed the endowment fund Of the uni
versity, of which President Spalding, as
treasurer of the university was the
custodian.
Some of these bonds were sold out
right to the bank, others are held as
collateral for loans made to Spalding.
Another national bank is said 70 hold
some of the bonds.
Some trace of the cash belonging to
the university has also been found. on
Saturday, April 8, the last business day
before the failure Of the Globe Savings
bank. Spalding's private secretary drew
$4,000 from the Globe Savings bank
and deposited it In the Northwestern
bank to Spalding's private account
The trustees believe that Mr.. Spald
ing has hypothecated the endowment
funds, and that the board must now
confne its attention to corralling secu-
rites sufficient to cover the missing
bonds and the cash fund of S1300OO in
Spalding's possession when the Globe
Savings bank failed
Took an Interest In the stenographer.
Ten years ago Mr. spalding was an
active member of the firm of Spalding,
Mitchell 6 Co., wholesale dealers in
coal. In their employ was a young wo-
man of is, who acted as stenographer
Mr.. Spalding took an interest in her
and when she went to Boston to attend
a school it was supposed he sent her
beoause she was a bright girl
l The stenographer had returned from
the east and for a time had place in
the Globe Savings bank. which Mr..
Spalding had in the meantime organ
lied. Her brother was given a position
as messenger, and rose to be assistant
cashier Her father was made custo-
dian of the vaults. The stenogtapher's 8
father had been a carpenter, but the
Byron street house he moved into was
apparently as large and as fine as that
of the bank president.
At that time the Spalding families
and the stenographer's family were on
good terms. During 1892 and 1898 Mr..
Spaldlng was engaged in writing a book
which gave a history of the Spalding
family in England and in America.
This afforded the banker abundant ex-
cuses for visiting the stenographer's
home and spending much time in her
company.
The young woman began to display
jewelry and fine clothing, and il was
whispered about the neighborhood that
her home was furnished luxunously.
Mrs Spalding finally suspected some
thing was wrong and protested. but her
husband failed TO break away from his
infatuation. She made repeated but
. fruitless efforts to get him TO abandon
the young woman. but finally insisted
on a separation. This was agreed to q
year ago last October. Htr
1t was the talk of the neighbors that
Spslding decided the home to his wife
ard gave her an allowance of 500 q
month. Mrs. Spalding and her daugh.
tar-in-law went east to allow the scan.
dal 20 blow over.
II was fhp goccfn Of fho Gna1dfn r