The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1905-04-25
BANK PRESIDENT
TOOK S1,450,0OO
Once a Millionaire, Now Verse
Than a pauper
OLD STORY OF STOCKS
AND sPEcULAToRs-FIn1T Ma.
TioNAL BANK OF MlLWAu-
kEE THE SUFFERER
HEAVY RUNS.


Milwaukee. April "A. Frank G. Big
Glow nnt today president OF the
First National bank Of Milwaukee.
was arrested today charged with EN-
bezzlement ef over a hundred thousand
dollars ef the banks funds.
/ The arrest of Blgelow followed his
confession 70 the board of directors of
the bank that he was a defaulter to.
the extent OF 81 $4,000 Following
Bigelow'a confession he was removed
fgom the presidency Of the bank ana
facts in The case were laid bt fore the
federal authorities
Cashier Also Wantsd.
The complaint was sworn to by
United States D strict Attorney But
ttorfeld. It charges that Bigelow as
president OF tho FIRST National bank,
embezzled a sum exceeding $l00,000s
4 complaint and warrant identical
with thesa IN Bigelows case were
uade out for Henry G, q Il, ii, slstan-
cashier Of the bank, but Coll could
ant Tie found 10 to o'clock tonight
Rigg low was taken before United
4 states Commissioner nloodgo q ann
/ bail was FIVE at $4,000.
D gelow said be lost In speeulatipp
lin stoclss IN Wall stree and III wheat
/ Arrested IN r.ls Library
When the federal marshal called d
the Bigelow residence to serve th,
warrant the former bank presiden
was in the library with his wife Mr.
Bigelow refused TO Withdraw and the
warrant was read in her presence.
/ IN be ready to sgo with you
tonee.4 said the. banker Then b.
k ssed his wife an atfectiunate fait
well and left with the officer, the tw
walking to the federal building, wher
a court commission was in waiting
None Of Bigelow's friends were In tn
court room curing the brief proceef
Fings
tiow Ee Covered UP His Tracks.
The method Of covering up Il
shortage IL TINS de cribed:
Colloctgn accounts were manipula
ed to the extent Of 40 and IN some ii
stances, so per cent, to make II appea
that the resrYe fund was intact an
1.-THE amount of the increased collectio
fund was diverted to special stock ar.
Ierations. The reserve maintained i
Eaasfern banks was tampared with, nj
books Of The First National being nx
od SO that the reserve appeared large
| by several hundred thousand dollars
han 1t really was.
/ These ard other methods Il IS 'al
LEGGED were pursued by 3 gelow.
The Cashier HeIp2d
In falsifyng records and the ma
nipnlation OF resources Bigelow de
i cleres be was aided by AS. istant Cash
Ter Coll and two bookkeepers in tht
bank. These bookkeapers acted IN
der orders OF Bigelow and they have
/ neithor been discharged nor suspenc
ed and they will be eallea as witness
e5 in criminal pr ceedings aga nst Big
Glow
The first intImatiou Of irregulariiies
was Friday evening when bank em
ploHe ca'lel at Director pfisters home
and gave him meag informal on In
vestigation was started and BigeloY
was accused Il irregularities Iie IS
said to have admitted his gait Az q
directors meeting following be con
fessed. The directors imme lately
ra sed s1,G95,0o0 h make good the sur
, plue Chicago banks sent vi 100000
to Milwaukee and local banks trans.
ferred several hundred thousand dol
lars in gold to the First National.
Depositors Demand Money.
When the bank closed It's doors this
afternoon more than 1000 deDositcrs
were clamorng fer their money Near
!, Ily S1000,00O had been paid out In the
course of two hours and out a small
. per ceatags OF the customers demand
, ing closing Of their accounts had been
served One Of the first calltrs was a
business man who presented a CHECK
foI 100000 the entire amount Of his
: account. He was followed by the c ~
: treasurer, who drew out 100000 OF the
city funds The chamber Of commercg
{ was one Of the concerns that was
quick to withdraw IT, funds.
; The state Of Wisconsin, has several
hundred thousand dllars deposited 10
"a .