The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-06-27

he Is at One of the Mineral Springs in the
Vicinity of the City.

f. I. Day. of Milwaukee, the ex-presi-
dent of the Plankinton Bank. which sus-
pended some time ago, is not in Indianap-
oils. although he was here last week. His
friends say that he left Milwaukee only at
the urgent insistance of his medical ad-
visers. The complications arising at the
time OF the closing of the bank and the
chagrin at the failure disturbed Days
mind that his nervousness made his condi-
ton dangerous. He first went to
West Baden baden ind.' and afterwards M'ssae s
was called to attend him and after
the sensational dispatch was sent out from
milwaukee,, Day authorized his ply sician
TO send out denial from indianapolis.
Mr. Day wanted to return to Milwaukee at
once, but his physician insisted that he re-
main away until his condition improved or
until his presence at Milwaukee was i'm.
perstive. His brother. I. G. Day, lives in
this city. and gave his brother care aud at
left the city yesterday, and it is believed
he has accompanied his brother to some of
the mineral springs near here. presumably
Martinsville. One OF the ex-presidents
friends, In speaking about the Sc nsatiOnal
reports. said yesterday:
ME-. Day has been grossly mlsrepresent-
ed. He 10 worth between $500. COO and
S6OOOOO, having valuable interests In Wis
cOnsin and some of the adjoining States
He was forced out of the bank by a c0mbi-
nation which wanted to put In another
man as presidents. Any examination of his
methods will show that they are perfectly
honest and legitimate. He was so worried
by the efforts TO bring disaster upon him
that he became very nervous. He was In u
bad condition when he came here and
these reports. that he fed from Milwaukee
for fear OF an investigation OF his affairs by
the grand jury. greatly distressed him. The
grand jury has not indicted him, and
l do not think they will. Mr.. Day
comes from an old English family.
l have known his brother in tins city for
long time. and he Is man who prides him.
self on his integrity. The ex-president's
father was Methodist minister and q man
who was greatly beloved. / believe Mr..
Day. of Milwaukee. is an honest man. He
will return to Milwaukee at once If he Is
notified that he is wanted. / think there
will be q number of people who will have
to take back q great deal or what they have
said about him in his absence"
A. X. Flanders. q Milwaukee newspaper
man, is here In an effort TO see Mr.. Day.
He says that Frank A. Lappen Days COM
$3.50 900 of the banks money without any
security. has also left Milwaukee. DR..
Wishard declines to give ex-President
Days present address.
Mr.. Flanders does not say that banker
Day left Milwaukee about the time that
order to escape the subpoena to appear as q
witness, but he says the departure was
simultaneous with that event. From q
telegram received from Milwaukee last
night. Mr.. Flanders came to the conclusion
that something had been heard from Mr..
Day. 1t read as follows:
Have requested Day, through proper channel.
to respond to subpoena Advise me OF any
charge. LEOPOLD HAMMEL, District Attorney.
What these proper channels are and
where they lead to Mr.. Flanders was not
informed. 1t is presumed that the banker
concluded to end suspense by letting the
States counsel know where he is. 1t is
said that the grand jury has not been
called together before in Milwaukee but
once in twenty years. and that time was
about ten years ago. The jury has been
IN session for about three weeks. and there
Is no telling whether an indictment is to
be found until the jury sdjourns. The
bank had capital stock of $500. 600. but,
according to the statements filed by the as-
signee for Mr.. Day, he was himself b0r-
rover to the amount of 100000. and he In
turn. loaned to Frank A. Lappen $3.50, 600.
The bank was State bank, but il 1t had
followed the conservative rules eovernipg
q national bank. no one person could have
borrowed more than $4,000. Had 1t done
so there would have been no failure.