Jasper County Democrat, Volume 13, Number 73, Rensselaer, Jasper County, 24 December 1910 — BILLINGS HELD LIABLE [ARTICLE]

BILLINGS HELD LIABLE

Sensational Decision Handed Down in the Walsh Bank Case. Judge Tuttle handed down in court in Chicago a sensational ruling that in his judgment C. K. G. Billings, the chairman of the board of directors, of the Peoples Gas Light and Coke company, iis liable as to losses suffered by stockholders in the sum of $3,060,000 by reason of his negligence, with other directors of tbe now defunct' Chicago National bank, which went io the wall under the presidency •of John R. Walsh. The court also granted an injunction against the present board of directors of that bank restraining them from accepting a compromise offered by Mr. Billings and providing for the appointment of a receiver syith instructions to lue the gas coujpary head for the above amount and to at tach bis Ctrl eago property.