Show ORIMER OR FOUND IT ITT T TEASY EASY TO GET r CONTRACTS i Accused cc sed Bank Wrecker as Politician Juggled Funds Is C Charge arge j CHICAGO AG Ma March cI 15 Wil Wil William IJ liam m L rimer as pr president of of the Gallagher company nd J. J P. P Gallagher its secretary l Borrowed from froni the theJa thea ij-a ij Ja a Salle Street Trust and Savings I bank jank and its sub subsidiaries William H. H assistant states state's attorney toay today to to- day ay told the jury trying the former on charges connected with tte banks bank's failure Holly said the Gallagher Lorimer-Gallagher company was ws organized in 1910 that lorimer was a politician at the time and nd it was easy for a politician to get contracts The company he said ot the contract to build a road in Set fet Illinois for the Southern Trac Trac- ion on company The Southern Traction company had fiad no money In fact it had nothing noth noth- jug bIg but its franchise he be continued But It agreed to give the Lorimer Company stock in payment worth of stock for every 60 expended When the road was finished the Lori Lori- Gallagher mer-Gallagher mer company was vas to get 15 per cent of the contract The Gallagher Lorimer-Gallagher company Tie e declared which was already indebted indebted in in- to the La Salle Street bank for Jor or took a contract on which it was to get no money until th the r road ad advas vas was completed The construction company had no money he said dud to get it went to tole the tl le bank which Lorimer controlled and borrowed more making a IL total of or more than which the company owed the institution In In security for or this he lie continued worth of Southern Traction company stock which the tIle construe construe- 1 company had got at 60 cents on onlie Silo lie dollar was put into the bank Dank at JI and 80 cents on tn the dollar |