The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-04-25
BANK RUNS FROM
BIGEL0W AFFAIR
Continued from First Page.

the fact that anything was wrong with
the funds Of the bank. The first init
nation that there were Irregularities
came to Charles Pfster, one of the di-
rectors, Friday evening.
Ar employee of the bank called at
Mr.. Pfster's home and told him he had
something to reveal regarding the bank.
While his information was meager, it
was sufficient to awaken the suspicious
Of Mr.. Pfster and to start an investiga-
tion. President Bigelow was taxed
with the Irregularities, and he is said
to have admitted his guilt. Then fol
lowed the meeting of the directors and
the full confession. . "
Private Life Above Reproach.
The private life of Mr.. Bigelow, his
business associates say, has been above
reproach. Unfortunate investments
made recently are said to have been
partly responsible for his downfall. He
is reported to be stakeholder in the
National Electric company to the ex-
tent of 100000, but this stock is de-
clared to be in good. condition. -
His family life was an ideal one. He
was a man of modest habits, who lived
well, but not extravagantly.
Mr.. Bigelow has seven children: Mrs.
Bernard Becker, Mrs. Arthur McGeoch,
Miss Elizabeth Bigelow, Gordon Bige.
low, Tom Bigelow, Garth Bigelow and
Lester Bigelow. The last three named
are away at college. The entire family
are members of St.. Paul IS, the fashion
! able Episcopalian church Of Milwaukee
Mr.. Bigelow is a member of the Mil.
81 years of age, and came to Milwaukee
in 1864 from New York state, entering
the First National bank as clerk soon
! after his arrival. i I'a5':
Son as High Roller.
Gordon Bigelow, aged 81, son of Pres
ident Bigelow and until today a mem
Der of the firm of Tracy & CO. of Chi
cago, is regarded in Milwaukee as !:
have involved his father is q matter
purely of conjecture. Gordon BigeloN
recently dropped 100000 on the Chi
cago Board OF Trade. He has gamblet
considerably Of late, it is said, and only
last week lost $1,000 at the roulette
wheel. A short time ago he gave
$4,000 check to a barroom acquaintance
Payment was made on the check nnt
the police recovered the money and Of
fered it to the father, who refused it
saying his son was able to look after
his own affairs. S
!. Gordon Bigelow has been known il
Chicago as a plunger in grain and pro
visions for several years. He has beer
known to frequently give orders to buy
or sell 100000 to 100000 bushels s
wheat at time, and has made som,
i good turns. His operations in Ma,
i wheat for several months were success
ful and he appeared to be able to catcl
the turns in the market in good shape
i The drop Of % cents in the past wee
caught all those who have tried to fol
i low Gates, and the trade had il toda,
that there was large amount of whea
| sold out for the Bigelow interests. al
the Chicago houses credited with dom,
4 Bigelow business denied that he ha.
4 given them orders or that they ha.
I ever traded thru him. The orders nigh
have been given out in Milwaukee
while BigeloW never showed in them.
Brokers are very shy about takin
4 orders from officials Of national bank:
as they have been forced to refund III
money lost in numerous instances.