The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1893-07-13
The Grand Jury at Milwaukee Fin
ishes Its Investigation OF the Plan
kintOn Bank Failure.
Directors VIII Answer to the Charge
of Receiving Deposits Knowing
the Bank Insolvent.
Judge jenkins Of the United States
Court Among Those Indicted Bail
Fixed at 100000.

MILWAUKEE, July 13.-All the direc-
tors of the Plankinton bank, which
failed some weeks ago as result of the
suspension of Frank A. Lappen d Co,
whose worthless bank checks it held to
the extent Of $3.50, 900, and the heavy
run and non-contidence which resulted.
have been indicted by the grand jury,
which has been investigating the
matter.
About 10 o'clock q. m. Clerk Waller
finished making ont the papers neces-
sary for their arrest and Deputy Sheriff
Dacey started out to look them mp.
The first of the indicted men to appear
was United States Circuit Judge
Jenkins, who was one of the directors.
He was taken into Judge Walters
private room, in company with Frank
Bigelow, who will be one Of his bonds
men.
Not Particularly Disturbed.
Judge Jenkins did not appear to be
particularly disturbed over his un-
pleasant predicament and preserved his
usual demeanor.
Next came Eugene s. Elliott, another
s1director, who was accompanied by G.
L. Clasen. Mr.. Elliott declined to
talk about the situation. Mr.. Casen
was also director of the bank.
William Plankinton. director and
the receiver of the defunct bank, was
the fourth OF the indicted men to come.
The officers of the bank were: Presi-
dent. Frederick T. Day; vice president,
William Plankinton; cashier, w. H
Momsen; assistant cashier, Joseph
Moody. Directors: f. T. Day, Will.
lam Plankinton, r. w. Noyes, Judge
James q. Jenkins, Eugene s. Elliott
and w. FL. Momsen.
One of the directors, who Is also in.
dicted, was found i'll at home, but will
appear in court as soon as he is able.
Bail Fixed at 800, 900 Each.
Judge walber fixed bail at $1,000 or
each count. which really makes thu
bail $10O, 1000 each.
The indictments against the Director
are similar in form. One charges tina
the said directors received deposit d
$266 from e. r. Pantke 81 Co., May 16
knowing the bank to be insolvent. An
other charges the receiving of 1885, q
from p. J. Gray & Co., on May 81
when the bank was known to be insol
vent. ID. A. Sherman's claim for $86
made the basis of another bill. whil
another is founded on the claim OF
p. Hutchinson for $751; 10; the next in
dictment is the claim of d. C. Adam
for 1894. Is.
The Indictments
charge the receiving Of money when
was known the bank was insolvent. an
specifying the three days--May IS,
and 81. In each of these cases the of
GERS and all directors are concerned
and in addition to this Messrs. Day
Plankinton and Momsen are charge
with the same offense as officials of th
bank.
The arrest was mere formality, an
Judge Walber directed the deputy she
iff to allow all privileges in the procpl
ing of bail.
PcpaIty For the Crime.
The penalty for the offense charged
from to 10 years in prison, or n,
more than fine of $4,000.
Officials around the court refuse
say whether Frank A. Lappen is il
dicted or not, but there is no doubt th,
he is, and that the charge is that of o
tanning money under false pretenses.
is not known at present where Lapp<
is. Until recently he has been livir
quietly on the North Sids in Chicag
but rumor has it that he is not the
now.
The grand jury also files report {
banks and banking. which has not be,
made public as yet, but which Is unde
stood to favor the enactment of la
for the creation of the office of bal
examiner.
Prominent Railway Man Dead.
JACKSON, Mich. July 13.-Charles