The Washington times., 1905-04-25
Milwaukee Police Find 1t
Difficult to Main
tain Order.
FULL LPAYMENTPROMISED
Directors Announce They
Will Meet Every De-
mand With Ease.

MILWAUKEE, Wis, April 25.-De-
spite the assurances of business men
and strong financers that all depositors
in the First National Bank will be paid
dollar for dollar, an immense crowd
began to gather in front of the bank
early this morning.
At $50 o'clock a long line of people
had alread- formed. ke-t in order by
heavy body of police. On their faces
was written anxiety. and their move
ments betokened those of the panic
stricken.
Police Have Troubles.
Hundreds of men and women, mostly
the latter, and many gray-haired, lined
the streets around the bank, trying to
get their money. Nearly a hundred
policemen are on the spot, trying to
keep order, but it is difficult.
The directors held meeting and issu-
ed statement, declaring they can meet
every demand with ease. No other bank
in town is affected
BY $40 o'clock the crush of people
had reached an aggregate OF 1000. There
was no disorder among them aside from
the customary pushing and showing Of
large bodies of people.
Pay All Demands.
The First National and Trust Com
pany banks opened at a. M, and be-
gan paying off every demand Thomas
w. Spence, a well-known real estate
man, was made way for in the crowc by
ten policemen to deposit a sum said to
be S5O,000 He was given a mild cheer
But the line continued to gather, wait
Ing for the doors of the First National
to open.
Up to Ii o'clock s130, 600 had been with
drawn and $500 900 deposited in the First
National Bank. The clearing house as
sociation held a meeting and agreed 10
furnish support.
The crowds had dwindled some in size.
due TO the elimination by the police OF
a great many spcctat tors from the lines
IN front of the bank.
Apprehension Still Felt.
While the air of conservative relief is
apparent. yet the undercurrent of ap-
prehersion is quite strong At the 9TH
er banks there is no very great evil
dence of a serious run.
The trust company is controlled prac-
tically by the same directorate as the
First National. is getting the brunt Of
the onslaught, but is meeting all COM
ers- The crowd cannot easily get AT
the windows, and the process is slow
pany would demand thirty days notice
for withdrawal as the State law pro-
vides. The officials stated that this Is
false.
The rumor increased the line only for
a short time.
Bigelow Not Watched
No surveillance was kept over Bige-
low during the hours between the direc-
tors meeting and his arrest at o'clock
in the afternoon. The officers have a
nebulous idea only of how the alleged
stealing was done. BigeIow, in the little
that he has said, speaks of f;;lsifying
the books, but only in general terms.
Directors of the chamber of commerce
prepared to meet today to consider the
question Of withdrawing the current ex-
pense fund deposited In the First Ma
tional Bank. The sum. it is said. Is not
heavy. Members OF the Clearing House
Association examined the affairs of the
bank and officers of other institutions in
the city expressed their confidence in
The strongest terms in the ability of
the First National to meet any emerg-
ency that might arise.
Trust Company Solvent