Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1884-02-14
PlatteVilIe PickingS.
ALL ABOUT THE BUSTED BANK.

Editors Tribune. The announce
ment on Saturday that the PlatJevilie
Bank, |. Hodges, president, had sus-
pended, came upon us with all the
suddenness of cyclone, shaking to
its very foundation the financial in
terests of our city.
A few citizens had known, for
over a year, of the coming of this
financial crash, and had taken pre-
cautions against it. The great ma
jority, however, knew not of the
impending storm until it burst upon
them in all its fury.
1t is generally understood that
the immediate cause of the suspen
sion is the too heavy drafts upon
the bank, of depositors' money for
speculatiug purposes-chieily on the
Board of Trade, Chicago.
/ Mr.. Hodges informs the deposit
ors that every dollar will be paid
He has been known in Platteville
for half century as a man of in
tegrity and honor. Those who best
know him say he can and will meet
his obligations, thai this calamity
has befallen him, by his permitting
certain citizens Of a speculative turn
Of mind to draw too heavily upon
his deposits.
1t is cause for great regret that
Mr.. Hodges should have allowed
spectators to handle the money of
depositors-- trust SO sacred Even
if Mr.. Hodges can meet his paper,
he can no longer retain the conf
dence of his people. His judgment
can no longer be relied upon, al
though his honor may remain un-
sulied. Generally depositors are
hopeful. 1t is 10 be sincerely trusted
that everything will be satisfactorily
adjusted.
The deposits were heavy the ex-
act figures ! am not prepared to
! give. The opulent were represented
by their thousands; TIE business man
by his surplus capital; the lawyer
by his surplus fees; the teacher by
his surplus salary; the student by
the accumulated earnings of years ~
his educational capital; the servant
girl and hired man by the hard
earned dollars, in some instances Of
decade; the widow by her living,
) and the city, town and county by
thousands Of dollars Of trust funds,
in fact no class of citizens escaped,
save the clergy, who like the sparrow
and the "lillies of the field are
cared for by their Heavenly Father,
they laying up their treasure in a
bank that can never be despoiled by
wicked SPECTATORS
We had the pleasure Of shaking
with Sam. Reese, Esq, Of Dodge
vile, the other day. He looks hearty
and happy.
A free fight waa INDUCED in on
Saturday last, in the northern part
of The city, between two roughs,
in the presence of a number Of
country and city roughs and sports.
Blood flowed copiously from their
mutilated and dlsfgured counte-
nances. No arrests made so far as
we know
The remains Of Augustus Nasmith,
formerly of this city, but more re-
Gently Of New York city, were ex.
pressed from the latter place, and
reached here last Thursday. They
were inferred on Friday in the city
cemetery Deceased was about 35
years old-a general favorite with
all who were favored by his ac-
quaintance. He held a lucrative
position with Marshal Field d &C.,
of Chicago, at the time Of his de-
cease-his headquarters being New
York city.
Rev Clough and brother were in
the city on Saturday.
Frank Hazen, an old time Platte
william, now head book-keeper Of
the largest and most fashionable
dress-making establishment in Chi
cago, spent last Sunday with his
many friends here, the guest of Mrs.
Abijah Potter.
was to-day informed that n. IL.
Virgen 81 Sons warehouse was
closed by the sheriff. IN some way,
this firm seems to be mixed up with
the bank failure.
The latest ! have CLEANED is, that
l. Hodges has made an assignment
Of his property to l. II. Evans, Esq ,
for the benefit Of his creditors
A 1900 depositor said to-day
quito smilingly, that the indications
were good for a settlement on the
basis Of - cents on the dollar.
Plattclille, Feb nth, 1921. @.
Scissors Sauce
r.