The San Francisco call., 1905-04-25

DEPOSITS COME FROM MANY.
The State of Wisconsin has several
hundred thousand dollars deposited in
| the bank and it is said that will be
withdrawn at the opening Of business
| tomorrow.
The throngs on East Water street
besieged the Wisconsin Trust Com
pany, the Savings Bank department Of
! the First National. While many de-
! po5itors were seeking to withdraw their
funds, others who believe in the sound
| ness of the bank were coming forward
with deposits. So persistent were the
! friends of the bank in offering money
| for deposit that when the bank closed
/ there was line of depoSitors waiting
/ opposite to the line anxious to with
draw money. While the bank could
not honor checks, it could receive de-
/ posits and to facilitate the business Of
! depositors the bank was cleared at the
! hour for closing and a hole vas cut
| through the plate glass window on the
| Wisconsin-street front OF the building
| Receiving tellerS were stationed mere,
and until a late hour this evening de-
positors were still leaving their money.
The officials of the bank are looking
| for resumption of the run tomorrow.
A request has been made for detail
of twenty policemen. the same number
| that was required to handle the crowds
| "
will be employed to handle the Dusi-
ness. Money is on the way from New
York to strengthen the resources Uf the
! bank and the directors expect to be
| able to meet all demands promptly.
They say that the actual condition Of
the bank has not yet been impaired
| by the Bigelow defalcation.
The statement of the financial con-
dition of the bank on March l. and
which is the last statement formally
| issued, is a strong one. 1t includes the
| following items: Loans, 81, GAG. 1887; cash
and due from banks, s5,177. .210; total
resources. s1s,567.2 .275; capital, sl,5OO.OO0;
surplus, 100000; undivided profits,
s642, ,232; deposits, 1864, ,498; total liza
bilities. 1885,. .221 A.
BIGELOW A BIG PROMOTER.
President Bigelow's defaIcation
amounts to about $1.450, 900, but he
restored 100000 The directors have
subscribed, it is said. s635,000 more.
thus leaving the bank better off by
about 100000 than it was before the
funds were depleted by the peculations
Of the president.
Bigelow is left g.. poor man by his
| speculations and the surrender OF the
securities to the bank to-day. At one
time he was rated as a millionaire and
this fortune has been lost as well as
| the sum taken from the bank. His to-
! tai losses in speculation Of various
| kinds, In two years are estimated by
his friends at more than So, ,000, ,000 He
| has magnificent home on Astor street
and his family is one Of the most prom
! inent socially in this city. Bigelow Is
member Of the leading clubs, has
been known as one of the most gener-
Gus donors in the cause of charity and
| has been a favorite with all classes. He
| Is Frustrated by the whole affair, and
| although he appeared at the bank dur
| ing the early hours Of business, he re-
| turned to his home and remained there
| awaiting the appearance of the United
( States Marshal with the warrant for
| his arrest.
| In addition to his banking interests.
| Bigelow was the head Of several large
manufacturing concerns. Recently he,
with others, began suit for the recov-
! cry Of $5.0O0.000 paid for a patent air
brake device. which. 1t was alleged In
! the complaint, was worthless. He also
/ promoted an enormous electrical COM
| pany that has extensive works in this
/! city and is interested In several other
+, concerns of a similar kind. He de-
+; clined to say to-day whether these had
| impaired his capital. and declined to
discuss his defalcation or the condi-
tions that led to it.
OFFERS NO EXCUSES.
| A formal statement was issued bv
Bigelow as follows:
II have no excuses to make. 7 do NOT
! care to- speak of motives which had
! and had no right to have The bir
| men among the directors of the barS
have come forward in way that
should give absolute confidence to the
community and they are deservinr of
the highest praise. There are no better
men In, any community and no stronger