Word: southmoor
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Dates: during 1950-1959
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...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...
...that a $10,385 auditor's check supposedly signed by him was incorrectly endorsed "J. C. Reuter." Moreover, said George P. Coutrakon, state's attorney for Sangamon County (county seat: Springfield), many of the checks in question had been cashed in "suspicious circumstances" at Chicago's Southmoor Bank & Trust Co., which, as a state bank, was under Auditor Hodge's jurisdiction...
Interior Decorators. The Southmoor Bank, Reporter Thiem disclosed, held a $24,000, low-interest (35%) mortgage on Hodge's $25,000 lakefront Springfield home. The News also reported that some $450,000 in checks from Hodge's office had been paid in two years to Fabric-Craft Sales Corp., a one-room Chicago interior decorating service headed by Mystery Man William Lydon, a policeman who was once indicted (and later acquitted) in the murder of a Chicago madam. Fabric-Craft and two other companies headed by Lydon listed two Hodge aides as officers: Chief Personnel Officer Lloyd Lane...
Last week the FBI, T-men and state budgetary commission agents were all investigating Hodge's office. At week's end Edward A. Hintz, who was ordered to appear this week before grand juries in Chicago and Springfield, resigned as president of the Southmoor Bank. Altogether, said authorities, the phony checks may cost the state as much...