Salt Lake Herald | 1897-04-16 | Page 2 | Globe Savings Bank

GLOBE SAVINGS BANK Cashier Churchill Mae a Statement That is Sensational Chicago April 13 Chase Churchill the cashier of tho defunct Globe Savings bank has made a statement on the fail ure which If true Implicates George R Hayden the state bank examiener under Governor Altgeld Mr Churchill said Mr Hayden the state bank examiner made an examination of the Globe Savings Sav-ings bank two days before the expiration of hs term of office but I have since found that he did not file his report with i the state auditor When l the state I auditor opposed an examination a few I I weeks later I went to him and asked him why he did so His reply was that I there was no report of an examination i made by Hayden in January and he i made a demand on Hayden for a report I I Hayden finally filed a report In which l ho recommended the bank must be I closed This was filed two months after the examination te examinaton Shortly after the examination by Hayden I Hay-den a man whomI knew to be a close 1 friend of his attempted to purchase the i bank or at lest talked about it This I man was introduced to us by Hayden I The negotiations for the control of the i I bank failed and soon after the report was I i filed but not until after the new examinations rnsnoa3n f di I aminations had been ordered and the I fact became known that the old report I had not been filed I