The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1904-08-11
A BANKER is ARRESTED,
Frank S. Komp Taken Into Gus
tody in Chicago.
UNABLE TO GET BAIL.
Charged with Receiving Deposits When
His Trust Company Was
Insolvent.

Kenosha. Wis, Aug. 5.-[Special. J.
Frank S. Komp, formerly president OF
the kenosha State bank and the ke
nosha Trust company, who was arrested
yesterday in Chicago and brought here
on a charge of receiving deposits in the
kenosha Trust company after twas IL
solvent, was arraigned in municipal court
at 10 O'Clock this morning. The com
paint alleges that Komp received S265t
from dcpositers. Mr.. komps attorney
asked for more time and the case was
continued until August ID. Bail was
liked at $1,000. but the court refused to
accept security offered by certain Chi
cago parties and komp was taken back
to jail.
Rushed Out of Chicago.
The district attorney had secured ex
tradition papers on "Wednesday, aud re
fused to allow Kemp TO see u lawye;
after the arrest was made. The man was
handcutted ana Immediately taken 10 tht
North Western railway station.
On reaching the state line the Chicago
police turned his prisoner over to Sheriff
Iiinme OF henosha county. The party
stepped long enough to allow Komp Il
notify his wife or his arrest, and she
was expected to so To ilenosha to aid
HIM in his fight for freedom.
Il am here awaiting trial, but | am
sorry the officials went to so much trou.
bic 10 get me- said Komp in his cell
Had | known there was any charge
against me i'll Kenosha | should have
come at once to Keuosha aud surrcn.
dered myself to the officers"
komp had a telephone Installed in his
cell later in the afternoon and was in
conversation with Chicago much OF the
time.
His Bank Quickly Fails
The mans career in Kenosha has been
chcckered. He went there three years
ago and organized the KenDSha State
bank. After it had been in business for
six months it was closed by the state
bank examiners, but komp paid all de.
positors.
Auxiliary to the bank he organized the
kenoSha Trust company, of which he
was the treasurer and president. The
state officials alleged the company never
had submitted report of its assets to
the state treasurer. but it is declared il
continued to receive deposits up TO the
time the bank was closed. Since that
time every effort has been made 10 COX
iect the money due to depositors. but no
settlement could he reached.
The banker left Kenosha shortly after
the failure and went to Chicago and
started a loan business. which he was
conducting when arrested.
Head of Sunday School.
Komp and the members of his family
were prominent in social and church cir.
Giles in kenoSha. At the time of the fail.
ure the banker was superintendent OF
the Sunday school Of the First Baptist
church. During his financial troubles
his wife gave him much aid, and it j.
said She raised the funds needed to ply
the depositor, of the dcfunct bank.
1t is tho intention OF the district attor.
ney 10 hay" the ease ready for trial AT
the September term Of court.
Frank I. Maloney. who was tho cash
Ter of the State bank and an officer Of
the trust company, is in Cleveland. o.,
and has not been arrested, because, it is
said, he has furnished evidence against
komp.