Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-10-23
INDICTMENTS IN
L0R|MER BANK
CASE COME THICK
Many Men Accused Of Using
Positions for Purpose Of De-
frauding DepoSitorS and
Misuse of Funds,
:. .o...na ,eurn.l srsel.l .s..so VISA

10, .osSisa Jovrssl SPECIAL .sssso wl"sl
thl.1eo oct. William Lorimcr,
inner occupant OF seat NJ the
,,aned states senate; John X. Sc
sraye chief clerk in the office of the
stote auditor. and twelve Officers and
nlo,e. of the Lorimer-M unday
,har of banks, of which the LaSalle
e,rset Trust and Savings bank was
no head. were indicted In the state
.nrts today Thirteen true bills
charging conspiracy to ruin various
hanks. operating a confidence game,
e,nlezzlcment and larceny were re-
turned. =,
Lmimcr. Munday, Fox, Mcdonald
and j r. Gallagher Of the Lorimer
and Gallagher Construction company,
aro Already under Indictment in the
t,nitod states court charged with mis-
annlieafion Of funds in the LaSalle
s,reel bank while II was a national
mink prior to its Incorporation as a
state institution
Besides Lorimer. the others indict-
Oh today were Charles NJ. Munday,
,ce president Of the LaSalle street
hank. Thomas Mcdonald. cashier.
charles G.. Fox, junior vice president;
Abraham Levin, cashier of the Ash
land twelfth Street bank: Edward J..
Potts. vice president Of the same in
stiluton Paul Hazard, president of
me Broadway state bank. and MEM
her Of the drainage board John +.
Rice. vice president Of the same bank,
Frank IT, Novak. attorney and presi-
dent Of the State Bank of Calumet
Charles W. Novak, secretary of the
same bank. John II. DeVeney, former
president of the International Trust
and Savings bank; Harry w. Huitig,
manager and director of the Rose
mn Cemetery company, former d.
rector of the LaSale street bank, and
william Lorimcr. Jrn and company.
The LaSale Street Trust and Saw
ines bank, the Broadway state bank,
the Ashland Twelfth street bank and
the Illinois State bank were closed
.mne ~. by order of the state auditor.
ON June 10, the State Bank of Calu-
met. one of the chain, closed its doors
voluntarily.
The chief indictment today alleged
the mulcting of the LaSalle Street
hank of 100000 Of money and Sc
curiues. Lorimer, Sr., Huttig, Me
Donald, Fox and Segrave were de-
f..- Ia ttftfh
spring by false pretenses to appro-
pirate to their use property of the
public and depositors and creditors Of
the bank and Of the Broadway state
bank, the Ashland Twelfth street
bank, the Illinois state bank, the state
Bank of Calumet, the Farmers bank
of Nethalto, H., the Citizens Bank
Of Alhambra, I'll. the state Bank of
Marine, H., the State Bank Of Oconee,
Ill.,. and the Rose Hill Cemetery COM
pany
The first count alleges that the de-
PENDANTS conspired to possess $1,000
900 in money and 100000 In coli
lateral in the LaSalle street bank,
il to themselves in eX-
change for securities of little, uncer-
tain value. The second count charges
the defendants with conspiring to
cheat the subsidiary banks and de-
fraud the Rose lIill Cemetery COM
pany of large sums of money and Sc
curtes of value unknown.
other counts charged conspiracy TO
operate a confidence game. to cheat
The bank by agreement, to deceive the
state auditor, to loan money to off
GERS of the bank to loan money to ir-
responsible persons and to violate the
banking laws of the state.
Segrave, Munday, Levin and Potts
We're charged with conspiracy to ruin.
the Ashland Twelfth Street banks
Hazard, Segrave, Munday and Rice
were charged with conspiring to ruin
the Broadway States bank; Frank and
Charles Novak and Munday, conspl~
ing to ruin the State Bank of Calu-
met, Deveney and Munday, conspiracy
to ruin the international Trust and
Savings bank, and Huttig, Munday,
Segrave and Lorimer, Jr., with con-
spring to ruin the Rose Hill Gene
terry company by substituting security
Of little or no value for good secur-
tiles.
Lorimer, Munday Fox. Levin and
Potts were charged with a confidence
game to defraud the LaSalle street
bank of stock valued at S10S,750 in
the firm Of A. II. Hill & Co, bankers,
and the operation of confidence
game and larceny on the Auburn
State bank by means of klted chicks
involving 100000
Huttig, Munday and Lorimer, Jr.,
We're charged with the embezzlement
OF securities Of the Rose Hill Gene
terry company. The indictments con-
tanned from one to twelve counts each.
Capiases for the arrest of the de-
PENDANTS will be issued tomorrow.