Search America's historic newspaper pages from 1789-1924 or use the U.S. Newspaper Directory to find information about American newspapers published between 1690-present. Chronicling America is sponsored jointly by the
National Endowment for the Humanities and the Library of Congress. external link Learn more
Image provided by: University of Illinois at Urbana-Champaign Library, Urbana, IL
Newspaper Page Text
This, reference of Charlie Dawes to
"a neighboring bank" and his -willingness
to do a "courtesy" to the Lori
mer bank is the mostly remarkably
friendly word that has come from
the financial district""- for Lorimer
since the bank went smash 14 month
Stories ran today that the court
action against the Central Trust ties
in with the trial of Charles Munday
at Morris next week. Munday is
charged with mishandling funds.
This part of the charges against Cen
tral Trust officials is the worst of It;
"At the time the- Central Trust Co.
delivered to the representative of said
trust and savings bank said sum of
$1,250,000, said Central Trust Co.
well knew that the delivery of said
sum was not, and was not intended
to be, a bona fide transaction, but
was merely a colorable one, that said
trust and savings bank should be en
able dto commence the business for
which It was organized without its
authorized capital stock and proposed
surplus or any part thereof having
been paid in and ,withou said trust
and savings bank having assets of a
value in excess of its liabilities to its
A man whose Job is Belling pickles
wholesale stopped a couple of min
utes in a Schemmerhorn cigar store
today. He bought a nickel's worth of
stogies. While he lit one the clerk
"What do you know about that
Central Trust Co. hooked up with the
busted Lorimer bank?"
"Here's the way it looks to me,"
said the pickle man. "Lorimer and
Munday know the bank examiner is
coming around, They know the
Spank examiner won't let 'em run any
Dank if they can't show $1,250,000
"So Lorimer and Munday goes to
Charlie Dawes, the big guy in the I
Central Trust. Dawes used to be
comptroller of the United States
treasury and all the people who be-.;
11 eve the newspapers think . Charlie
Dawes is a regular feller.
"Well, they fix it up with Dawes.
They bring Dawes checks from La
Salle Strefet Trust &Savings bank di
dectors. The checks are for $1,250,
000. Dawes don't know what they
have to back the $1,250,000. Any
"way, Dawes says they can have the
money while the bank examiner is in
"Along comes the bank examiner:
He asks JLorimer and Munday" if
they're got $1,250,000 cask They
tell him sure they have. They
walk him into the Central Trust Co.
And Dawes piles up $1,250,000 on a
table and tells the bank examiner to'
look it over. lie counts'the cash and
then says to" Lorimer, and Munday
it's all right and they can keep on
running 'the bank. t
"Now comes a blow-up. Suckers
got trimmed. They blame Dawes.
They say he ought to be held up in
the courts for that $l,250,0p0. They
say a crooked bank or a busted bank
can swindle the eyes off anybody if a
high gazook like Charlie Dawes is'
allowed by law to fool a bank ex
aminer with cash that's only dummy
TURNER GETS BAWLED OUT
Rep. Fred B. Turner, 1st legislative
district, had to stand for an awfuj
bawling out from Judge Uhlir today.
Turner has been exerting his ener
gies toward getting women accused
of moral violations out of jaiL
"You get release for the old-tim
era," said Judge Uhlir, when Turner
again appeared to fry for leniency for
an imprisoned woman. "You've "gdt
to stop this sort of business."
Ethel Bella told me that you told
her that secret I told you not to tell.
Madge She's a mean thing! I told
her not to tell you.
Ethel Well, I told her I wouldrKt
tell yQU she told me so .don't iell
herl did. 3i