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Newspaper Page Text
'HOLDOM, STRAUS AND WINSTON NAMED BY.
SHANNON IN THE SCHOOL LAND FRAUDS
A' scheme for a straight out-and-out
steal from the people, taxpayers,
school children and teachers df Chi
cago through a fraud appraisal of
school land is alleged in a bill 'filed
in circuit court yesterday by Angus
Roy Shannon, school board attorney.
Every once in a while Shannon
makes a move which shows he is not
gagged "and shackled by the Loeb
Rothman Big Business majority of
the board of education.
When Shannon has a fighting
chance and hasn't got his hands tied
by specific orders from the board of
education, then Shannon stands up
and drives a big fist
That's what he did yesterday when
he filed a bill in circuit court to stpp
a 'fraud in law and fraud in fact"
committed, the bill alleges, by three
men Jesse Holdom, Simon W.
Straus and Bertram Winston.
The Tribune didn't print a line to
day about this court action. The
Herald took it as news and ran" a
column on it
The bill asks the court to set aside
an appraisal of school land at 6 S.
State st More suits on other loca
tions are to come. School board ap
praisers ten years ago fixed the value
at $360,000. This year it was fixed
at $322,560. The job of appraising
was done by Jesse Holdom, now Cir
cuit judge; Simon W. Straus, money
lender and president of the American
Society for the Promotion of Thrift,
and Bertram Winston, a brother of
the Winston whose name leads the
firm of corporation attorneys, Win
ston, Payne, Strawn & Shaw.
Against the claim of these three
appraisers that the land has slumped
in value, Shannon sets h'e claim that
Chicago downtown land is worth
more today than ten years ago and
the lot at 6 S., State st should be
valued at $582,800.
" The valuation; committee of the
jChicago Real Estate Board .valued
the property at $403,200 and Shan
non wants to know how in the name
of justice and decency the three ap
praisers could hammer this down to
The school board leases the land at
5 per cent of the valuation fixed. The
lower valuation the more theschool
children and teachers of Chicago
have taken away from them.
The bill tells how Holdom, Straus
and Winston at first adopted the
$403,200 figure of the Chicago Real
Estate Board "and then, without
facts or information . . . through
wrongful, injurious, mistaken inter
pretation . . . they arbitrarily de
based and reduced the value of said
lot to $322,560."
It is then stated that Holdom,
Straus and Winston '"misconceived
their duties" and "acted under preju
dice in the interests of and as the
agents of said lessees instead of act
ing as impartial and discreet ap
The accusation that Holdom,
Straus and Winston worked a fraud
is nailed home in this tense passage:
"They (not only have made mis
takes in their rights', but have been
guilty of such gross violations of their
duties as appraisers as to have, In
both law and fact, worked a fraud
upon your orators, and by reason of
all the foregoing the appraisment is
invalid and should be set aside and
held for naught"
BITS OF NEWS
' Civil service commission searching
for assistant fire marshal.
Raymond Marsh, 414 N. Sanga
mon, and Harry Woods, 2727 Indiana
av., uninjured when auto hit mail
Newly-annexed town of Stickney
divided for policing between Engle
wopd, Brigton Park and New City
districts. Englewood now largest iu
area w city