The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1905-04-26
All Had Reassurine Effect.

board of directors of the Milwaukee
chamber of commerce announcing its de-
cson not to withdraw it's current eX-
pense fund from the First National All
of these statements had reassuring eff
feet on depositors as to the stability of
the bank.
The banks affected were well able to
cope with a long run, but it was decided
by all the banks in the {. o take adj
vantage of the law on ti'l. deposits, re-
curing notice of thirty days of with
drawal ON amounts less than 500 and
ninety days where the amounts exceeded
that sum. AS rapidly the depositors
appeared at the wickets of the savings
departments of the affected institutions
their pass books were stamped, aeknowl-
edging the notice of withdrawal. and the
depositors took their departure. 1t only
required about two hours to dispose of
the line up of depositors.
Early in the day crowds of men and
women in all walks of life gathered in
front of the two big banking institutions
and awaited the opening of the strong
doors at 10 o'clock
Two score of policemen kept the line
in order but their work was light, for
the crowd was most orderly one.
Mayor Rose Is Spectacular.
One of the most spectacular happenings
of the day was the action of Mayor Rose
IN walking down Wisconsin street in full
view of the crowd with $500, 900 in currency
end gold in canvas bags. He was sur
rounded by policemen and detectives and
walked into the bank with the treasurer
This money was part of the shipment
from Chicago banks, and some from other
Milwaukee banks.
Cashier Frank j. Kipp Is authority for
the statement that much more than 81
900 was received during the day by
the bank. At noon the street assumed
its normal appearance, and the run was
completely over.
National Bank Examiner C. p. Bos-
worth of Chicago who was sent here by
Comptroller of the Currency Ridgley, is
at work on the books Of the First Nat
ional. and Will report his findings to his
superiors in Washington as soon as pos
sible.
Frank G. Bigeow. the defaulting pres
ident of the First National. walked down
town today but did not enter the bank
building. He soon returned TO his home
where he spent most OF the day in seclu-
sion. According to the federal procedure
IL prisoner cannot pieau guilty UT not
guilty until he has been indicted by the
grand juy. Frank G. Bigelow will not,
therefore, appear in court until the grand
jury has considered his case
Only One Indictment.
Assistant District United States Attor-
ney j. r. Hennings says that in all prob
ability only one indictment can be re-
turned but that there may be a num-
Der of counts in separate Instances While
the date has not been set for converting
the grand jury, it is understood that It
will be about fine middle of May
Up to late hour no trace has been
found of II. G. Coll. the missing assist
ant cashier Of the First National.
State funds amounting to nearly half
n million dollars will not be withdrawn
from the First National This conclu-
sion was reached after a conference be-
tween state officials and the local bank
ers today. The state officials 1t Is said
were given a complete statement regard
ing the finances of the bank. The state
bank examiner II Is understood also con-
ferred with National Bank Examiner
RoGworif