The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1905-06-03

4
Furniture goo
Horses ato eog
Carriages ~ o, 909
BOOKS a. en6
Total $50, 09e
Methods Of the Looters.
Little by little the details OF the
manner in which Bige1oW Ind his &C
completes worked are coming out, and
/ to-day for the FIRST time it was re-
veaIed how the steals were discovered,
/ The first dip iHso the banks funds, 1t
| is said, was m.de only snree months
ago. since Whics. time Frank &. Bige-
low has undone the enviable career
he had been 80 years in building. The
first false entry was late in January,
on the same day that 100000 was
sent to q New York depository. Fhe
amount covered sy the false entry was
| 100000
Assistant Cashier Coll and two
| bookkeepers, whrse names are with
| held by the bank officers, handled the
books in which the reserves were re
corded. This ring was established by
Bige1ow with a promise, it is said, of
reward to all connected. All the
funds for reserve were directed by
RigeloW. In the three months, it is es-
ttmated, from casual examination, just
about one-half the amo5nt shown by
the entries was RENTED to the de-
positories in other cities.
After the first shortage in the re-
serve funds. the system became more
complicated The mails which brought
the regular statements and the ac
counts from the repositories were care
fully watched and held out from the
regular course of business, and it is
said that Coll now has the package Of
correct statements On his person.
His Business Connections.
And this man whom reckless specu-
lation mas led to criminal acts, has
sacrificed wide business connection
and influence for not only was he
president of the First national bank
Of this city, but he was identified w1th
the:
Bankers National association.
Northwestern Mutual Life Insurance.
company.
National Electric company.
Milwaukee Trust company.
North American company
Wisconsin Telephone company
Milwaukee Chamber of Commerce.
Merchants and Manufacturers ASSOC
citation.
Socially he was a member of tae:
Milwaukee eIuil.
Town club.
County ella.
Deutscher Athletic club
Positions He Has Held
He has been a:
Receiver fer the Northern PaaIf C
railway.
Commissioners Of public debt.
President Of the Bankers :tssucia-
ton
Candidate foz United Staten treas
uTer
He has:
Three daughters Mrs. Bernard Beck
er, Mrs. Arthur n, McGooeh aud Miss
Bige1oW.
Four sons-Gordon, Tom, Garth and
Lester
His wife is one Of the sweetest. most
lovabIe women of the city. His home
life was ideal, his charities were most
extensive, his personal habits most
exemplary, his love for the highest
and best SO marked that he haa al
ways been spoken of as a good man. :,
How then in five months, with fsonor
high perehed on his name, could BE do
what he has done?
The Dramatic Exposure
Breaking the news Of the great bank
looting was attended by dramatic
scenes
When Charles +. Pfster, the Duke
of Milwaukee, called his IL fellow
directors into the secrecy of room in
his hotel and told them the fnanciars
were struck almost speeehless and re-
fused to believe it. Pfster was che
first director to learn of the defalca-
ton.
a minor clerk. whose identity Aas
thus far been concealed, went to Mr..
Pfster's residence late Friday night.
Pfster had retired and the servants
refused to awaken him, but the clerk
created such q disturbance that he
finally was awakened.
Something is wrong at the bank"
said the clerk to the millionaire. Il
have worried about it night and day
for 3 week. cannot be silent any
longer. 2
why haven't you told Mr.. Bfge-
low" inquired the disturbed million
aire, referring to the trusted president,
Som ebody Else Should know.
Because I believed somebody above
Mr., BigeloW should know, = replied the
clerk, significantly.
Questioned by the surprised director
who thought the matter trivial. the
clerk said
: was told to enter the amounts of
our cash accounts in the hleaga
banks. 1t was part of my aatty
slsfant Cashier Henry Coll stopped me
and said he would attend to it. Mr.
COL has taken charge of other work
Of mine and changed entries. Mr.. Riga.
low has turned certain other men On
my work
On Saturday Pfster personally al.
raeted hasty examination of the
books identified BIZ the suspicious
clerk.
The salse entries were quickly an
parent Other clerks cath declared
RigeIaw resnnnsfhlr. -.