The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1914-07-10

Chicago, July S.-Government inves-
tigators who have been probing into
the affairs of the LaSale Street Trust
& Savings bank, of which institution
former Senator Lorimer was president
until it was closed about the middle
of June, have unearthed information
which does not tally with the state
ments of former Senator Thomas H.
Paynter of Kentucky, who borrowed
$4,000 from the bank in 1911.
Paynter was a member of the SEN
atorial committee which investigated
the charges that Lorimer was fraud
ulently elected 20 the United States
senate. While a majority Of the sem
ators believed the election had been
secured by fraud and ousted Lori
mer, Senator Paynter was loud in his
praises of the Chicago politician and
voted to retain him in the senate.
Pay,nter. does, not deny this, but he
says his loan fro m the Lorimer bank
was made after Lorimer was ex-
PEELED from the senate, and further
that Lorimer knew nothing about the
loan.
AS to the time of the Paynter loan,
it was negotiated on November 1,
the senate on July 1, 1912. At that
time, according TO the books of the
bank, Paynter had still to pay on the
loan s29,150.
D
AS to Lorimers knowledge con-
eernirg the loan, the government has
one witness who says that when the
national bank examiner warned Vice
President Munday, the banks finan
eial hacker, to rid the bank of the
Paynter loan Munday turned to him
and said:
20 don't bother me with that af-
fair. That is Senator Lorimer's per-
sonal matter
Here is the record Of Paynter's
loans:
November I, 1si1-Eorrowed s4o,-
100 and gave four demand notes for
$40 00G each.
April 8, 1s12.Borrowed another
$500 and paid $4,000, leaving a ball
May 8. 19i2-Paid $1,000.
May II, 1912-Paid $3.50.
May %, 1912-Paynter took up his |
four notes-three for $4,000 and |
one for $1.750, to which amount it
mad been reduced by payments, Then |
ne gave a new note for the entire |
balance of $31.750. On that date he |
llso paid $500, leaving balance of
sS1,450.
July /, is12-Paid $4,000. This left
balance of s29,150. Two weeks later |
Senator Paynter voted to retain Lor-
mer in the senate.
September 80, 1912-Paid $4,000
S24,150.
October l, 1912-Paid So, 500. Bal
ance $21,650. On October %. 1912, the |
rational bank liouidated and became !
| state institution, with Paynter's [
balance due dumped into the state
)ank.
Recent Payments by Paynter.
Those who have examined the rec
,rd of the Paynter loan in the Lori
rer state bank. as shown by ac-
for Receiver Niblack, have
ound the following figures:
June >, 19l3-Paid $4,4T737
September 10, la15-Paid $500.
Also SSS.42.
November 3, 1913-Paid $4,000.
May %, 191i-Paid $4,000
June ?. 1914-xPaid s2,eS3.s1. This
balanced the original account and
wiped the late clean. On the same
lay, however. Paynter borrowed
resh $2,676.45. This was ten days
before the bank closed. This amount
$ still unpaid In mis- statement Mr..
'aynter said it will be paid on de-
nand.
District Attorney Wilherson's in
'estigation of the LaSalle Street |
Trust & Savings bank promises to be
me Of the most thorough inquiries
yer cor Quoted into a national bank
candal Assistant District Attorney
Joseph B. Fleming and Garfield