The Birmingham age-herald., 1924-09-21
GENERAL CALLED
 '.i, DEMOCRACY'S FOE
Sympathetic Booin g
 Greets Announcement. Of The. Revelation
LORIMER AFFAIR
 THOROUGHLY AIRED
Attitude Toward Strike Injunc- ton Held Unfriendly To
 Labor's Interest
lBy Associated Pressl

CHICAGO, H., Sept. 20.- Opening his campaign in the middle west, Senator Wheeler of Montana, vice presidential candidate on the third ticket, in a speech here tonight turned his guns on Charles G. Dawes, the running mate of President Coolidge
 His audience, worked up by preliminary speakers, hailed Senator Wheeler's, declaration that he had "come to tell some thing about Dawes" first with cheers and then with sympa- thetic booing. He went straight to quotations from pre-canl- paign speeches made by Gen eral Dawes which showed the republican representative to be, he said, an opponent of "a free democracy" He proceed ed thereafter to an alleged de scriptipn of banking transac- tions involving failed Chi cagc bank, organized by for- naer Senator Lorirner of Illinois, in which he said Gen . eral Dawes had participated. Mention of La Follettee, though many times repeated, was always hailed by a demno- stration.
 Senator Wheeler focused his attack on General Dawes on the noted Lorimer bank failure and on the organization of the minute men of the constitution, which has been charged byAits critics as being an opponent of organized labor.
 Prefacing his remarks with a state uient that If the public! did not know his own record 1t was mo fault of the republican national committee" Senator Wheeler plunged into his attack on General Dawes.
 Based on secor:
 Every statement shall make will be based either on court documents, on printed statements of the candidate him. self, or on other public records easily ebtainable by any one who cares to verify my assertions" Senator Wheeler began.
 sYn 1902 Mir. Dawes organized the Central Trust company of Chicago, with himself as president. Some years later another bank was organized in Chicago, the La Salle Street National bank. At its head was one William Lorimer, who had retired from the United States senate in somewhat the same manner that Newberry of Michi- gan retired two years ago. Lorimer's bank began business in May, 1910. Ex- aminers of the Chicago Clearing House association refused to grant it member ship in the Clearing Hoouse association. TNe directors agreed, on the demand of the United States comptroller of the cur rency, to do certain things to strength en the banks condition, but failed to keep their promise and by October 12, 1912, the bank was in a bad way.
 ..Lorimer and his assocaites then de- eided to change their national bank into a state bank, to be known as the La Sale Street Trust and Savings bank. They proposed to turn over the assets of their national bank to the new bank, along with its liabilities, of course, but they did not propose to put in any ad- ditional money. Much of the banks money had been loaned to officers and directors and friends of Lorimer and his associates.
 Appeals To Dawes
 ''The new bank announced 6 capital and surplus of $1 1,250.000. Under the state banking laws of Illinois it there upon became necessary to show the state auditor of public accounts that the new bank actually had $1,25O,OOO in cash. Lorimerss new bank did not have $1, ,250,000. Efforts were made to obtain that amount in Chicago and New York and failed. The Banker Lorimer appealed to Banker Dawes, 7 head of the Central Trust company. Here's what happened:
 "On the afternoon of October 21, 1912, Dawes turned over to Lorimer' s new bank the required $1, ,250,000 The agent of the state auditor of public ae- counts counted it and issued eertifi- cate authorizing Lorimer's bank to do business. Then the $1,250,000 was handed back to Dawes Central Trust company. All in one afternoon. The La Sale Street Trust and Savings bank thus began business with an adver- tised and certified capital and surplus of S1 ,260, 900, when as matter of fact there was nothing in the bank to rep resent this sum.
 lou people or Chlcago know now long Lorimer's bank lasted. Within 20 months it had been closed and receiver appointed. Its assets were found to be $2,0O0,O0O less than needed to satisfy depositors and other creditors. There were 4.000 of these. depositors, mostly little folks. Three thousand of the depositcys were in the savings depart ment. In addition to the depositors q large number of small stockholders in the bank lost their investment.
 ''The part that Mir. Dawes had taken
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