Word: southmoor
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...side of Chicago's once elegant and fashionable Southmoor Hotel, the crudely lettered sign keeps reappearing, no matter how often it is removed or painted over. GATE OF THE BLACK P. STONE NATION,*signifying that the now bankrupt and boarded-up Southmoor is occupied by one of the city's most formidable black youth gangs...
Riding through a dark alley behind the Southmoor in an unmarked police car last week, three detectives of Chicago's Gang Intelligence Unit found debris blocking the drive. As their car slowed, at least six rapid shots broke the silence. "I'm hit," cried Detective James A. Alfano Jr., 30, as one slug ripped through the car's trunk and rear seat, piercing his liver. Alfano's condition was listed as critical...
Within minutes, sniper fire broke out all around the Southmoor. A police helicopter with a searchlight moved in to illuminate rooftops. Foot patrolmen and detectives rushed into the area. Police ordered all streetlights turned off in a four-block area of the Woodlawn neighborhood so they would be less exposed. "Out there, everything is the enemy," said one detective as he looked out toward Jackson Park. "The night, the park, the abandoned buildings, the people-everything...
...Miami Beach there were opinions to fit every account. Said Louis E. Corrington Jr., president of Chicago's Southmoor Bank & Trust Co.: "Right now, money is the tightest I have ever seen it. It will be worse after the steel strike is over and companies start building inventories and go to the banks to borrow." Said Russell H. Eichman, vice president of Cleveland's Central National Bank: "If the steel strike requires a slowing up of auto sales, that in itself will automatically ease the tight money situation." Said Scott L. Moore, president of the American National Bank...
...warrants (state checks) was missing from the auditor's office, and 2) more than $200,000 in suspicious state checks-some of them made out to men who denied ever having seen them-had been cashed on Hodge's signature by Chicago's Southmoor Bank. For days Hodge held firm, resisted Republican Governor William Stratton's efforts to get him to resign, and kept his mouth shut. Then Southmoor Bank's President Edward H. Hintz, who had suddenly quit his job, pointed his finger directly at his longtime crony, Hodge, for the benefit...