The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-02-12
TWO TO PICK FROM
CHOICE OF PLANS FOR THE RE-
ORGANIZATION OFF MINNESOTA
SAVINGS BANK
TO BE OFFERED DEP0SIT0RS.
PRESENT OFFICERS THINK THEY
CAN REOPEN THE INSTITUTION
VERY SOON.
COMMITTEES REPORT HANGS FIRE
May Not Be Ready for n Week Yet
D. SiIbermnn Is Heard
From.

A report was circulated yesterday
that the officers of the Minnesota Saw
ings bank were taking steps with a
view of reorganizing the bank. Will
lam F. Bickel seen last evening said
the report was correct, and that sigma
lures Of depositors were being secured
with this end in view.
The officers of the bank, he said, had
prepared two plans both of which were
being submitted to depositors. The plan
which first received the signatures Of
100 of the depositOrs would be regarded
as the more acceptable and would be
taken as the one to submit to the de-
positors for their approval. Nothing,
he said, would be determined upon I'M
til conclusion, such as outlined above,
had been reached. Mr.. Bickel stated
that his father, the present assignee of
the bank. was ready and willing to
step down and out as soon as his sue
cess0r had been agreed upon by the de-
p0sitors. Notwithstanding statements
to the contrary, Mr.. Bickel said the
charter of the bank was still whole
and entire and was a valuable part
of the assets of the suspended institu-
ton.
The committee of seven appointed at
a general meeting of the depositors to
investigate as to the condition Of the
assets of the bank are still at work
and hard at work. A member of the
committee seen yesterday said no one
could have any idea Of the mass Of
detail that had to be gone through in
= ELL
report as to the condition of affairs
The report the gentleman said, would
probably be ready in about a week,
and would be submitted at a general
meeting Of the depositors
Otto Silberman, who has taken great
interest in the matter Of securing the
removal Of the present assignee, writes
to the G 10 b from Dubuque, To-, at
which point he has been called on bust,
ness. The following is Mr.. Silberman's
epistle:
AS Mr.. George C. Lambert chairman of the
committee elected at the first meeting Of the
Minnesota Savings bank depostOrs, who
wished the removal of Mr.. William Bickel,
is only working in the opposite direction, per-
sOnally and through an evening paper and
by bringing deDositOrs to the asSignees Of
fee to sign for retaining William Bickel as
assignee, I would like to call Mr.. Lamberts
attention that he personally and unsolicited
had his name for himself also as trustee for
the Ramsey County Abstract company, the
latter as creditor of 81, 900, and his brothers
name put on the list Of those signed who
wished William BickePs removal. l tod Mr..
G. C. Lambert few days ago that he was
not elected as a withdrawing member and
also asked him in his Office to show me the
s, 800 certificate or pass book of the Mime
sofa Savings bank, but Mr.. George G. Lambert
could not find it among his documents or
any place else since the past two weeks.
h. v{y,rrc IL
depositors would like to know why Mr.. G.
C. Lambert did not select the other members
of the committee not elected at the first
meeting from the list Of Mr.. William BickePs
opponents but from the assignee's friends
list and why Mr.. G. c. Lambert is working
in BickePs favor. %. Silberman.