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La Salle Street Trust, Known as Lorimer Bank, With $4,648,070 Deposits. and Three Smaller Institutions Suspend DEPOSITORS IN STREET CLAMOR FOR THEIR MONEY Twelve Injured When Unknown Man Kicks Out Window Pane Above Crowd CHICAGO, Ill., June 12.-The LaSalle-st. Trust & Savings bank, popularly known as the William Lorimer bank, and one of the largest state banks in Chicago, closed its doors to day and was placed in the hands of the state auditor. Bank Examiner Markin has been placed in charge. The institution has a paid-up capital of $1,000,000. Within half an hour. 1,500 excited depositors jammed LaSalle-st. in front of the bank, clamoring for admission. A man appeared at the twelfth floor of the building in which the bank is located and deliberately kicked out a large pane of glass. The glass fel: into the crowd in front of the door and a dozen persons were cut and injured. Detectives searched the building in a vain attempt to find the man. Daniel D. Harkin, state bank examiner, who closes the Lorimer bank under instructions from State Auditor Brady, at the same time closed three smaller banks. correspondents of the Lorimer bank. These were the Broadway State bank, 4613 Broadway: the Ashland-Twelfth State bank. 1600 West Twelfth-st., and the Illinois State bank. of Chicago, 350 North Clark-st. Harkin said he might permit these smaller banks to reopen within a few days. "I was directed to make an examination of these banks and found con ditions such that I thought it not safe for them to open this morning," said Harkin, who would not state other reasons for this action. William Lorimer, ex-senator, is president of the LaSalle-st. bank. The vice-presidents are: C. B. Munday. I. L. Bacchus, and J. M. Logan. None. of the officers could be found to make a statement, though one was expected later in the day. The deposits of the LaSalle-st. bank are said by Harkin to total $4,648.070. The deposits of the two other banks are not known. "The LaSalle-st. bank has been under surveillance for six months," said Harkin. "Six months ago, the officials were notified that they must get $1,000,000 in cash for emergency purposes. They replied that their collateral consisted of long-time, nonnegotiable securities. "I came here yesterday and found conditions so bad that I gave the offlcials until 9 a. m. today to produce the $1,000,000. The Corn Exchange bank would no longer handle their checks, and I took charge this morning when they failed to obtain the money." The directors of the bank were in session this afternoon, and it was una derstood they were preparing statement. On behalf of the bank. Thomas McDonald, assistant cashier. made this statement: 'Mr. Harkin decided we ought to have $1,000,000. The directors called a meeting and discussed the matter, but didn't think it necessary. as the bank funds were invested in securities of unquestionable value. though they were long-time securities. 'The action this morning came as a surprise. We expect to have matters in such shape in three days that the The out bank bank has may paid reopen three $1,500,000 its doors. weeks. to and depositors in the last is now is seabout ors. This $3,100,000 amount invested due deposit- in curities worth their face value or more." "The closing of the LaSalle-st. bank should not have the slightest effect upon any other down-town bank," said James B. Forgan president of the First National bank The bank that closed its doors is not associated with any other down-town bank. It is not a member of the Clearing House association."