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Newspaper Page Text
was then Dawes threw up his hands
in conference with Lonmer and re
fused to approve the Lorimer bank's
application for admission to the
clearing house. According to the
Lorimer defense, "when Lorimer
asked Dawes directly whether he
couldn't sign in spite of Jim Forgan's
attitude of hostility, Dawes replied:
"My God, no, not if Forgan takes
that position." Asked whether this
statement of the defense is true,
Dawes replied yesterday:
"Not at all. I never said anything
like that I refused before Mr. Lori
mer told me of Mr. Forgan's atti
tude." On Oct 21, 1912, the Dawes bank,
the Central Trust Co., took notes
from ten men of the Lorimer bank.
They were for $125,000 each and
were the basis for a loan of
$1,250,000. This cash the Central
Trust Co. brought from its vaults
into a room in its own building
where a bank examiner counted
it The money was stuck back in
the vaults, the bank examiner wrote
his report that the Lorimer bank had
that amount of cash assets on hand,
and everything went lovely until hun
dreds of depositors were skinned of
their savings in the bank smash of
1914. The facts of the transaction
were told by Dawes in testimony yes
terday, along with an explanation
that at the time there was no reason
to suppose the Lorimer bank insolvent
A telegram from Munday in Chi
cago to Lorimer in Washington was
read. Munday asked the senator to
get in some work to stop the federal
bank inspectors from searching the
place so often.
A letter of the Lorimer bank to Aid.
Kenna was read. It asked Kenna
to let the bank have $10,000 or
$15,000 more of his business. Just
how much of Kenna's business the
bank ever had has not been brought
Owen Reeves, former bank exam
iner, testified the bank was run on
high risks and if "corrupt" means
"abounding in error," as some dic
tionaries have it, then Lorimer was
corrupt Reeves was asked if he
found "any transactions that were
dishonorable and crooked."
"In my understanding of those
words, no, sir," answered Reeves.
GERMAN RAIDER SUNK BOMBS
SHIP THAT RAMMED HER
London, March 25. The Greif, a
German ship flying Norwegian colors,
was sunk by British ship Alcantara.
Before she sank she torpedoed and
sank the Alcantara. Of the crew of
the Greif about 180 are believed to
have perished. 5 of her officers and
116 men were taken prisoners. The
Alcantara lost 5 officers and 69 men.
The Greif sliDDed out of a German
port planning to repeat the exploits
oi tne Moewe.
Washington. Dominion liner Eng
lishman has been torpedoed. Thirty
three survivors landed at northern
British port. Four Americans be
London. Germans did not renew
their infantry attacks against French
front northwest of Verdun. No im
portant infantry engagements on
either bank of Meuse.
Berlin. City of Verdun has been
set afire during artillery exchanges.
Important changes occurred on the
western front last night
London. British steamer Falybia
has been sunk. All aboard savwl
Copenhagen Norway has made
demand on Germany for investiga
tion of sinking of Norwegian ships
Lindfield and Kannike.
BITS OF NEWS
Mrs, Daisy Lilly and daughter.
Rose, 3, 5234 S. Campbell av., killed
by gas escaping from onen ranw
burners. Believed accidental
Michael Delamond, 2130 S. LaSalle,
answered door belL Italian fired 3
shots at him. Hit in arm. Frank
Vito, same address, arrested.