The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1916-02-17
William Lorimer Attends Op.
ening Session of Hearing in
Chicago; Charge to Be Con-
solidated.
MAJOR ACCUSATION rs
COMBINED WITH OTHERS
Motion for Separate Trial for
John K. Seagrav,s Granted,
as Is One for Dismissal for
Other Defendants.


Chirt.u ~ ~ " HAM luri-
mcr. former United stat. souatnr at
tended TODAY the opo UHg session of
his trlui ON charges o' NrnOkuG M
Ia Suilo Street Trusf ana saving
bank of which ne wa pr, drut
Judge Dover of the criminal court
pros ding, GRANTED preliminary mo
,ious of tho defense uhtt ho maiu'
ohlrpo Of conspiracy zoo dofriud be
consolidated with the minor charges
of receiving deposits when tho nnu'.
was known tc be insoiv.ut and OF
confidence game resul'.Ds from mis-
r,uro-,utltuu or the hIuk'S assets
The court granted motions ot thr
prosecution TOR soulrnt" trial for
tohn * S"1gruVcs. director uf the
hnnE and the dismissal uf ild ictmcnt.
against Charles q. FuN cashier OF tho
institution ana John I Dovnncy
president of the International Trust
and Savings bank u subsidiary.
The indictment of william L0rimer
and thirteen at his business hssoci-
atos for conspiracy IN connection vi h
the failure IN chicago IN June. 1914.
Of the La Sale street trust aud Saw
ings bank aud the subsequent closing
of nine other banks and trust com
panics controlled lay 'hc Lurim"r-
Mundly ,otorio. ended Lurimer.. me
teuri" career ns "A fnuucirr ana on'
OF the Hopuhltcpn di,iatuts of Hi
rois Charles & Nurhuy, said to
have been directing influence IN the
Iorumcr- Nundny a ing of hauks, was
found guilty of conspiracy November
~ 1875 after % trial N Morri" ~
'ho case having been transferred from
cook county on % change ut Ncuu" on
petition Of Mundny
William Lorimors rapid ris" from
u chicago new sboy 10 a seat ip tho
United states souet 1nd hi faIl W hc'
Ills sca, &as dcclarci vacant on the
ground thnt his elect On had boon pro
cured hv fraud aTd bribery, form an
interesting chapter Iu the political his
tory Of Illinois. Nr.rly year after
i.orimors election 10 The senptc.
Charles \ white. member OF the
Legislature. who had vutcd for J.ori
mcr made % written confession under
oath that hr had r,.. wed "A hriho TOR
his vote ana that sack pot cor
ruptluu niuu hud n,rn used in tn"
scss on tu iniiu"1rp egislHtiuu
i.nrtncr was born In Manchoster
Eng. in 1861 the son or rrcshytof
ian minister who rWIgrated with hl'
family TO this cougifr aud settled ~
Chicago when young Iorimcr wa,
1inc years old he sold newspaper
on the streets uf chicago Grove 4
laundry wagon. and pccamc street
car driver before ne entered politics
He served tNoi,o years IN cuuerCss
hofo,c he was clcid United state,
senator. May 20 l'of.
Muldny WAS un sengor hoy nud
thon hccumr a telegraph operator H
his hou" town tf ifrhfrld, ~, latci
lac became Interested IN the grW
lu".u"ss, ara In lNln anne tu 'hiraH.
/ ana induced l.urimcr 20 enter q bnut
with him. Ma, ~ ItlO the i.n SAL
| street National bHuk opened It's door
{ with William lor.mur. president, ut
60 Il'"s Il. Muuiny vice president
The institution wps denied mll bd
mission to the Chi0l.p clearing hous'
and for "A t.uc operated by clearing
through another hau..
October %. lgt2. fDn Ia Sallc street
{ National bank was inverted into T..
/ Sallc street Trust ard Savings ha"N
state institution.
The stan. bank a' umod an liahIN
| 'ios and assets Of mo National kr'r
| ing the same capita Hf $1,000. c00 an
| he same surplus nI s'i0 000
In the course of tht next year hall
a dozen smaller nclghborhood hank
were organized in Ch.aago by Lorimcl
and Munday ana became known %
| subsidiaries Of tho "a Sallo stree
| Trust and Savings bank. In addition