Alma record. (Alma, Mich.) 1878-1928, 1897-06-25

where good, were offered for SHE.
The pose al his point letl the track
and u'lowtd the nrI a. lar IA Per
suhville. This was tie last heard Of
them until their capture. Armstrong
places hi, loss at 5000
Herman MciSel. Jr., son Of the prom
inont WhOlcs Ile grocer. of BAY civ.
lsl Friday had II hnlr- raising expert
rrce while ON fishing trip at the
mouth Of IlIr river. lie secured "a
= wb ut al The CLUB house in Es- "
vilr and ur"rcd TIA c'ump at three
pjl.s ~ tie ~ uIh of The river. tax ug
up "A fishing position ON the piles. y
dusk when hr went To took Tor his
BOAT |, bid disappeared. The raising OF
the water having lo"ecned ii from ils
Gastcnlng,. Mr.. Mei-el tried 10 signal
several passing boats. but failed, los
M both his ,at and hat in the at
tempt. Darkness tinl Y seti led down,
bringing with II "A strong wind and
heavy sea. All through the lon
night The lone fisherman stood on tn
sua,l 'lump OF plies. eagerly scanning
tic IN 'ou.lit horizon tor sims Of a
>aii. Bur none cluo. and saturday
mornings break ct day found hlm
coatlcS> amt h1tlc,>. half frozen from
exposure and talni>hod for want o.
to 1t Thai same morning his boat,
hlch had been overturned. was
found Opposite the club hou,o bottom
SIDE mp. y searching party started Oui
tu drag The river for the body. While
this work was going on The mi.>im
Young man hove into view ON one -
Reid tu4>. which h1d noticed hi~
signals of distress and picked him up,
President ID. +. Com,tock and Man
ngrr Chester VI. CuIn-tOrk. II he Me
costa CountV rh> inl> bauE u b.
Rapid, were arrai med before .Jud.
Nc MahOn in the circuit court AT Lud-
lngtun Mund " for trial for alleged
Illegal banklng and fraudulrh
practices IN their banking business
The case i OF more Ian usual inter
est ~ il is he first ever instituted un
der the state banking law, and ii j.
expected that "A large delegation OF
Il q Rapids people will be in atten0-
nnce. The bank. with "A capital ct
500 900, suspended Oct. - last, and n
ne time OF the SUSPENSION the indl.
vidual deposits were 81, 800; certiti-
Gates OF deposit. Sl2O. 900. and the siv
ing deposits 81 .Oou: IA total OF pos.
90. The & mstock, held a control
ling interest in the bank and managed
it. and after the failure ii wa, learned
that they were debtors t. the amount
II about 80, 900. borrowing on paper
put into the bank signed by u. +
Cumstuck and Chester NJ Com-tock
individuallv and bv the II. +. com
I ck Lumber co. aud ID. +. Com>tock
n Co. two concerns that have lpn9
been out of existence. The Michigan
/ ust Co.ot Grand Rapid and MichaC
Brown were appointed receivers, and
subsequently Brown resigned, leaving
he trust company in charge. One
dividend of - per cent ha, alre tdy
been paid TO the deposition, and thu
rust 'mpauy holds out hope tor an
other of the same size. but how much
more Will be realized from the assets
cannot yet be estimated. Most of the
npnev which the ComstOcks drew ont
Ut the bank WAS used in the erection
1T "a tive-stOry brick store a.,d hotel
building, the hand>Omcst and most
costly building in Biz Rapids. BE
lore the building was completed out
side creditor, became urgent for thei;
money and this alarmed the depo>itor,
aud started run which resulted ia
the closing Of the doors. The depo>i-
tors became greatly exercised over
the failure. charged EN- bezzlement amt
fraud and caused the arrest Of the pres
ident and manager OF the bank ON Grim
inll charges Judge Palmer OF the
Meco>ia circuit was "A director in the
bank and incompetent To serve a. trlai
Judge. ana Judge Mcmahon was kcd
"a hear the case. and then. on account
at the local prejudice, a change OF
venue was granted TO thi> circuit. l.
l. probable the trial will last through
the week.