People v. Munday

The La Salle Street Trust & Savings Bank of Chicago, a State bank, closed its doors June 12,1914, with nominal assets of about $7,000,000, the greater part of little or no value. It was organized as a State bank in October, 1912. It then took over the assets of and was practically a reorganization of a national bank organized May 10, 1910, controlled by the same parties. William Lorimer was the president and a director of each of these banks; Charles B. Munday, hereinafter called the defendant, was senior vice president, and a director, and a controlling spirit in the management of the bank’s…