The enterprise. [volume] (Wellington, Ohio) 188?-1899, 1893-07-19
IN THE LAWS GRIP.
The Officers of the Piankinton
Bank, Milwaukee, Indicted.
They Are Charged with Receiving Money
When They Knew the Bank Was
InsoIvent-The Penalty ID from
One to Ten Years in Prison
Heavy Bail Fixed

MILWAUKEE, July 1S.-All the direct
ors of the Plankinton bank, which
failed some weeks ago as a result of
the suspension of Frank A. Lappen &
Co., whose worthless paper the ban
held to the extent of s29O,OoO, and the
heavy run and loss of confidence which
resulted, have been indicted by the
grand jury which has been investigat-
ing the matter.
About 10 clock yesterday Clerk Wal
Ter finished making out the papers nee
essary for their arrest and Deputy
Sheriff Lacey started out to look them
up. The first Of the indicted men to
appear was United States Circuit itJudge
James G. Jenkins, who was one of the
directors. He was shown into Judge
Walber's private office, in company
with Frank g. Bigelow, who will be
.one of his bondsmen. Judge Jenkins
did not appear to be particularly dis
turbed by his unpleasant predicament
and preserved his usual grave demean-
or. Next came Eugene S. Elliott, an
,other director, who was accompanied
by c. l.. Clason. Mr.. Elliott declined
to talk about the situation. Mr.. Clason
was also director of the bank.
| William PlanlSinton, director and
,tke receiver of the defunct bank, was
the fourth Of the indicted men to
oonne. The officers of the bank were;
President, Frederick T. Day; vice pres
ident, William Plankinton; cashier
! william Momsen; assistant cashier,
Joseph Moody. Directors, L. 7. Day,
William Planlsinton, Judge James 6.
Jenkins, Eugene S. Elliott and W. IL.
/ Momsen.
w. +. Noyes, one of the directors who
Is also indicted, is sick at home, but
will appear in court as soon as he is
able. Judge WaSber fixed bail at
$4,000 on each count, which really
makes the bail $4,000 each. The in
dictments are similar in form. They
charge that the said directors received
a deposit of 1905 from e. r. Pantke &
Co., May 10, knowing the bank to be
insolvent. Another charges the re-
ceiving of s3S622 from p. j. Gray &
Co., on May 81, when the bank was
known TO be insolvent d. A. Sher'
mans claim for 500 is made the basis
of another bill; while another Is
founded on the claim of L. P. Hutchin'
son for s7S7. 70; the next indictment is
the claim Of d. c. Adams for s29415.
The indictments charge the receiv'
ing of money when it was known the
bank was insolvent and specifying the
three dates, May 10, 16 and 81. In each
OF these cases the officers and all the
directors are concerned, and In addi
ton to this Messrs. Day, Plankintor
and Momsen are charged with the same
offense as officials of the bank. The
arrests yesterday morning were mere
formality and Judge Walber directed
the deputy sheriff to allow all privi
leges with reference TO the procuring
of bail.
The penalty for the offense charged
is from one TO ten years in prison, %
not more than a fine Of $4,000. Off
cials around the court refuse to sa!
whether Frank A. Lappen is indicted
or not, but there Is no doubt but wha
he is and that the charge is that Of oh
tanning money under false pretenses
II is not known at present where Lap
pen is. Until recently he has been liv
ing quietly in Chicago, but rumor ha
4 IL that he is not there now.