The Montgomery advertiser., 1905-04-26

sociation who examined the affairs of the bank, and of the other institutions in the city expressed their confidence in the strongest terms In the ability of the First National Bank to meet any emergency that might arise.
 Henry G. Coll Assistant Cashier of the First National Bank of Milwaukee. who is charged in the United States District Attorneys complaint with em- bezzlng a sum exceeding S100.000 nf the banks funds. has not yet been ar rested. United States Marshal Thomas B. Reed said. however. that he sx- pected to take Coll into custody to- day.
 Aid From Outside.
 John l. Beggs. director of the Firs National Bank and one of the men whC gave $300,00 to make up the defalca' tfon of Bigelow, said that the bank haC today received s2,000,000 from outside and local banks with which to mee any demands. He asserted that tht bank had ample funds to meet all re- quirements.
 As the hour approached for the open. ing of the bank the crowds gathered in front of the First National Bank ant the Milwaukee Trust Company became larger and extended for half a square on Wisconsin and on East Water Streets. A detail of police was presen to maintain order. A report that Mir Bigelow held large amount of North ern Pacific Railroad stock was emphat fcally denied here today. Inquir, among brokers and personal friends O the former bank president developed there is very little of the stock helt by local capitalists.
 The First National Bank of Milwau kee and the Trust Company today de cided to take advantage of the claus' requiring notice of thirty days be giver before sums under sio0 can be with drawn and a notice of ninety days or sums exceeding $100. The pass books were so stamped when presented a the bank windows. The same rule ap plies to certificates of deposits.
 At a meeting of the Milwaukee Clearing House Association today. thu following statement was issued:
 "The Milwaukee Clearing House As sociation after examining carefully al the assets and collateral of the Firs National Bank of Milwaukee. reports as A result of such examination tha they are satisfied that the said bank 1! perfectly solvent and able to pay 1t! debts.
 (Signed)
 "J. W. Lombard,
 President.
 Fred Kasten.
 "Chairman of the Committee.
 Washington Baker,
 "John P. Murphy
 Police Kept Order.
 When the doors of the First Nation al Bank and the Milwaukee Trust Com pany were thrown open the crowd which had lined up two and foui abreast for a distance of half block from the main entrance of each insti- tuition, filed in as rapidly as the police would permit. More than dozen sought admission at once and there was a lively scramble to enter. Wo- men and men, an old man on crutches among them, were jostled in their eff forts to get into the banks and the police were constantly compelled to hush them back. Those who sought to withdraw their funds were mostly small depositors who applied at he savings departments of the First Ma tional Bank or the Milwaukee Trust Company. There were a few persons who deposited sums. these being chiefly lined up at the window of the First National Bank, where a hole was cut in the plate glass through which depos- its were received Up to noon there had been no run at afIy of the other banks. Everything at this time Wal quiet on the south and west sides oi the clty, the banks III these SeCtlOhs doing business as usual.
 The Board of Directors of the Mil waukee Chamber of Commerce met to- day and voted unanimously not tt withdraw the current fund from the First National Bank. The opinion was generally expressed that the bank was perfectly solvent. The following state ment was issued by the Board of Di- rectors of the First National Bank:
 The Board of Directors of the First National Bank announce with absolute positiveness that the bank is perfectly solvent and able to pay every dollar of its indebtedness. The report of the clearing house committee confirms this statement. We have money on hand with which to withstand any run that may be made Only small deposit ors are withdrawing. All banks in the city are taking advantage of the law on time deposits The First National Bank Is safe
 Frank q. BigeIow, the defaultina President who was arrested last night and released on $25.O0O bond. spent the day quietly at his home on Astor Street Mir. Bigelow denied himself to callers with the exception of a few personal friends Gordon Bigelow, a son of the former bank President and until yes terday member of the brokerage firm of Tracy X Co.,, of Chicago and Mil waukee, is still in the city
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