The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1905-05-06
MILWAUKEE BANK
RUN IS AVERTED
Depositors Are Required 10
Give Notice of Intention
10 Withdraw.
MAGIC NAME LOSES IT'S CHARM
Boards Of Directors OF Various Bust
ress Concerns Meet Hurriedly and
Gust Frank Biaelow From ofhelal
Positions.


Milwaukee, Wis, April 26.-Trank
G Bigelow, the defaulting president OF
the First National bank, may be re
arrested on an additional charge OF
| Cnbezzlemcnt on a complaint filed be
| fore District Attorney j. J. McGovern.
| This action is contemplated by some
o. the bank directors who are Of the
opinion that Bigelow Is escaping too
| easily from the effects OF his May
wheat speculations. The directors are
divided on the question. those siding
with Bigelow arguing that his defalca-
| tons were due to desire 10 cover
the liabilities OF his son Gordon. The
| breaking or the run on the bank and
| Bigelows restitution OF an additional
! $4,000 were elements in his favor
Two directors consulted with the
district attorney relative TO additional
complaints against Bigelow but action
vas deferred until the question Of
| jurisdiction could be determined
Want 10 Land Accomplish.
A strong desire on the part Of the
| iectors 20 capture and punish As
sistant Cashier Henry Coll. Bigelow's
Hccomplice in the defalcations. IS also
tthind the movement FOR action in the
| state court Coll still is at large and
the federal authorities have made no
effort 10 find him. They say there Is
no appropriation 20 use in apprehend-
ing violators OF federal banking laws
who have moved out OF the district
and the most they can do Is send n
+ an for him II he IS apprchended in
some other city,
Coll is unpopular here and the gen
oial public would like 10 see him In
jail. II the matter can be taken up
In the state court Milwaukee dotec.
tiyes will be sent 10 Chicago and
| other cities TO look for Coll and re.
wards probably will he offered.
6leelow Keeps His Counsel.
Frank Bigelow was willing 10 talk
on. general subjects. but when he was
asked for some information regarding
his method OF pecuation he shut mp
| IKE a clam.
"Mr. Bigelow," said "A visitor, there
is a general impression that your son
| Gordon was 20 a great extent responsh
lie for your losses and the succeeding
| trouble"
Il can't talk about that" said the
tanker YEARLY Il have said all that
| am going to say on that point. The
directors are in possession Of all the
details. II YOU want any information
get II from them"
A good many people called and 9th.
ers asked after the bankers health
10y telephone
Thank you. my health is good y
said he In response 20 one OF the in
Qulrios Il feel a little nervous. per
haps, on account Of the loss Of sleep
II is kind OF people 70 think OF me, +"
One OF Mr. Bigelow's married
daughters came In and kissed him
and cried over him.
Home Is Richly Furnished.
Bicelow is little man. with gray
ish hair and dresses modestly. His
home IL richly furnished Good taste
IS shown in the pictures. and the pres
once OF a great many books indicates
literary turn Of mind.
Gordon Bigelow was there. He is
o naughty young man with handsome
| face and weak mouth.
Nothing TO say Nothing 10 say
v hatever," he said CURLY and went
into another room
Conversation with Frank Bifelow
lapsed until visitor happened TO
mention that the National Electric
company. OF which he is vice presi-
| dent. or was al the time OF the con
vcrsation, was thought to be In trou-
| Bile
That's not right" said he, earnest
| Nv. THAT IS a misstatement. | assure
YOU. II is in a perfectly sound con
dition"
Mr.. Bigclow also expressed cousid-
cradle interest in everything pertain
ing 10 the bank He nodded his head
when Informed that the bank had TAX
en- advantage Of thirty and ninety day
| limit in savings deposits.
That's the rule IN such cases, was
| his comment
Bank Run Is Stopped.
Tie expected run on the First Ma
tIonAl bank Tuesday morning occurred,
but the bank was saved by taking ad-
vantage Of the thirty and ninety days
notification clause IN the savings de-
partment, and 1000 persons failed 10
get their money. other Withdrawals
amounted to only $500 600. and at noon
the run practically was over.
There also was n slight run on the
! Milwaukee Trust Company. but 70 soon
| ended.
Two thousand people were lined up
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