The Kimball graphic. (Kimball, Brule County, Dakota [S.D.]) 1883-1905, 1905-05-05
MAKES CASSIE LOOK
LIKE CHEAP CRATER
BigeIow Of Milwaukee Was the
Only Real Napoleon OF FL
nance Extant.
BIG TRUSTS ~DlsslPATED
Creditors Are Listed in All! Parts of the
Courtry, and the List Is Sup
rosec to Be Still Far from
Compilation.

milwaukee,, April %. Frank q. Rigc-
low. Tho defaultinG FIRST National rank
president, has confessed 10 an indebted
hess to banks, commercial institutions
and ESTATES OF which he has charge.
which viii aggregate between 5000, 0G0
and So o0, 900. and based upon his CON
fession - voluntary petition in bank
3uptCy has been filed in the United
States district court which contains the
names of as many of BiGelow's credi-
tors ;s hc can remember. together with
a list of assets on which Big lows VAL
uation is S1.4l9.OoO.
Hy his own admission his creditors
extend all over the United States. one
cSlat" mas been looted. and his indeh,-
eln"ss to the Rroadhcad estate being
sl0n. coo. The debt is unsecured. 1t is
also believed II a other trusts held by
the eX-banker have suffered.
Those familiar With the situation and
with What information they can gIeam
from the former banker. fear that his
liabilities will run to considerable more
than his present estimate. as they be-
iicVn subsequent revelations will reveal
transactions of AN Ven more startling
nature. The fact that the largest cred
it"ry. which are banks. are placed in
the list "f unsecured creditors, had n
tendency Ia quiet people who have de
i,nSitS IN the city banks.
Astounding Developments.
Tho revelations as to the system of
liieelow in conducting his large affairs
,rr such as to stagger The belief oG
bankers. 20 whom the method in such
transactions is as second nature. The
..l.-- 81. go, - T.. ~. -. ,-.I
u"CeSSitate the withdrawal of the Sc
curities which were turned over by
iiigelow to tine First National bank. as.
being made within four months of the
filing OF q petition in bankruptcy. it
constitutes AN act OF preference. and
The amount which WAS estimated at
about S3on coo. will be equally divided
among an the creditors of Eigelow,
This will in no Way affect the bank.
however rs the guarantee of directors
and stockholders more than covers the
dcfalca,ion. The following is the list
of secured creditors:
First National bank. Wisconsin Ma
tipnal bank, Second Ward Savings
bank. ';erman-American bank and
Maine National bank. all of Milwau-
kee: National City bank and National
liank of Commerce. New York; First
National TANK. Chicago: National Park
bank. New York; National Bank of
'II!i!Gl''s -. LOUIS.
Secured Creditors.
I'h+ total Indebtedness 10 secured
crcditors is Sl.915.OOO. with n total
value of security of $l.215.00O.
The unsecured creditors are: John
III. ~Eioadnead, Caroline Il. Watkins. T..
T., Williams, Mrs. Caroline l.. James:
total indebtedness To unsecured credit
o,S. Sl@2. 600.
Total liabilities on notes or bills dis
II Sl.l1O.OOO.
Excluding the face value of life in
surance policies. the estimated value
ot III" assets. according To Bigelow's
figures. is about $l,4l9.0O0. but Attor-
neN Charles II. Spooncr. who filed the
petition. said thal Undoubtedly these
figures VIII be subject TO considerable
change as soon as he exact value of
he assets is determined.