Deseret Evening News | 1896-12-23 | Page 1 | The National Bank of Illinois

Tnt > Arn AiiiAMi elILdlOaOh hawr U kd CIUOAOO Dec 23W A Hammond Ham-mond second vice president of the National Bank of Illinois who his bon charged wIth ullol wool or Ihoeyesot the illrsctors of Ihudoluuct bank would not talk today when seen at his palatial homo at Uvantton Through ao lotmal blend however he maae a statement culculaUi to Inculpate In-culpate several t directors as well aa two or three men not connected with the bank bankW W A Hammond Is to be made the scapegoat of the failure of tuo National Na-tional Bank of Illinois ° ° said the friend Hammond Is I st broken man today taut not any more In blame for the amount of money loaned on Calumet Becuri ties than art the members of the finance ojtnrultteeot the hank and IU directors I was n clay to Ibe purposes of the man connected with the South Chicago Clty railway sod Ibo officer ot OUB of tba best known banks In Ibis city lo deprecate tbe Calumtt Electric roads slockt and to this end these two men brought about the wrecking of the National Bank of Illlnoii 01 she bunks funds 2475 009 had been loaned on Calumet aecu rules The plan la I to Deprecate the Calumet stock aud buy II and then combine this valuable property of 63 miles of new Irark iquipment and franchise wIth tho bath Chicago railway eventually combining with the Cblcigo July railway and make a fortune millions within five or ten years