The Ocala banner. (Ocala, Marion County, Fla.) 1883-194?, 1905-04-28
DEPOSITORS CAUSE
RUN ON THE BANKS
Excl ement Intense In Milwau.
kee Over Defalcation.
Confidence Seems Hard to Restore in
Wisconsin City-People Line Up Sc
fore Paying TeiIer's Windows and
Demand Their Money.

milwaukee,, April 26.-DesDite aSsur-
auces that the Milwaukee Trust com
pany was in no manner involved by
the financial trouble OF Frank b. Bige.
Aow, former president OF the First va
tCnal bank of Milwaukee, anu con.
fessed dutauIter OF more than a nil
ION dollars, crowds OF people TO-DAY
were ii line long before the opening
OF the Trust company bank waiting 10
withdraw ae.r deposits. The depJsItors
gathered at the National bank were
comparatively few at first but the num-
Der continued TO increase BigeIow
mad been director OF the Milw auhee
trust company, but when mis- defa!ca-
ton became known he was removed
as SUCH by the board of directors. No
tees posted on the bank windows
which TIE depositors for the most parc
working people, eagerly scanned, an
nounced this fact and that the Trust
company was abundantly able and pre-
pared to meet the demands of all de-
pCsitOrS and creditors.
The notices posted on the windows
Of the first National bank and signed
by the directors that the company is
solvent seemed 10 reassure the depos-
Itors somewhat.
No depOsitors gathered at any O!
the other banks at the time they were
/ nevidence at the institutions men
tioI ed
Members Of the clearing house as
soc alton expected the affairs of the
bank and officers of the other institu-
tons in the city expressed their con-
fideHce in the strongest terms in the
ability of the First National bank
to meet anv emergency that might
arise. Henry B. Coll, cashier of the
First National bank, of Milwaukee,
who is charged by the United States
district attorneys complainants, with
embezZling a sum exceeding 500. OCt
OF the banks funds, has not yet been
arrested. United States Marshal
Thomas B. Reed, said, however. that
ne expected to take Coll into custo-
dy today
First National bank and one of the
men who gave 100000 to make up
the defalcation OF BigeIow, said that
the bank had today received $4,000
coo from outside and local banks with
which TO meet any demands. He as
serted that the bank had ample funds
TO meet all the requirements
AS the hour approached for the open
ing, the crowds gathered in front OF
the First National bank and the Mil.
waukee Trust copany became larger ,
and extended for half square on Wis
consin and on East Water street.
A detail of police was present to
maintain order. A report that Mr. |
BigeIow held a large amount of North
ern Pacific railroad stock was emphat- |
icalIy denied here today Inquiry
among brokers and personal friends
of the former bank president develop |
ed that there is very little of that |
stock held by local capitalists.
The First National bank of Milwau
kee, and the Milwaukee Trust compa
ny today decided TO take advantage |
of the clause requiring that notice |
of so days be given before sums under |
500 can be withdrawn and notice |
of 80 days on sums exceeding 500 |
The pass books were so stamped when |
presented at the bank windows The
same rule applies TO certificates of de. :
posts.