Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-04-26
And the Run at Mil
waukee Is Soon Over.
institution Apply Able 10 Settle
All Cia ms in Cash.
Few Developments in Story Ct Pres.
Eiuciom'a Downfall.

'Ti't'' Has 'ts@.t!il Dtt-Ii 't-t'- - - 80
i"uki:i. il: iit"i;nnS Of Miiw#uh'" ana
toe rr:, -! til" Fret E::ii".:'. Hhi-*
Int III, Miiu.iu!<t.. 'f'.USt Co.. r|li~t' 4
~ TIE confession of j det.ii.H:i'n y"
Frank q. Eiseiow. until .Ionday. pres
idtnt Of the First National Bank ana
" director Of Ike Trust CO.. OF o"''"
- .i"3h.Mn. is !, thing u ne past.
VI rir he two brAkS affected ~" al
iilel.' .r!:;ir,ttc institutions. the TACT
that they occupy adjoining buildings
ana .}lnl SOME Of HE First MAJ ORAL
i;;i,tr's ot!,' ";y direct tn. affair; q: III"
MiIW; i!.rc Trust Co.. c,.u:ed ni'i.ly "i
Tie Gci osi or, TO believe that one VAS
:. '"'t Of The other.
.,cloir IL. hoir for op"nin% The
bark; I'D arrived, Il m".:i,Ie, "f ihe
Milwaukee, Clearing House AS3'':a-
tiI' YVES h.l,! I'D II committee Of tiiit
i:,: iituiiol 80 ~ examining th' |f:';@
nd coii.!t,r.'! of the First National
i:.ln!l. issuei II rrassurin2 report ~
follows:
."rh, Mi.Anlli:ec Clearing Hers" rs
$ociItion. after examining carefully All
III" assets and collateral of the First
National Blnl. Of Niilwaukrr. reports
us :; result Of such examination inA'
they ar" satisfied that The bank is per-
rec1ly solvent ard able To pH:' It's
dcbtS.''
Following .his WIGS 4 statement IS
sued by the board of directors "t The
Firsi National Bark announcing with
absolute. posiiiVc.t>s shat III" bank
was perfectly solvent. Tn" statement
rea.l as follows:
"rhe board If directors OF the First
National BHnk ann"unc-d with "hSo-
lu,c ro&iti"eIl.s IS that The bank is per
tcct:y Solvnl.t ana abe to pty every
dolla. of it's indebtedness. The report
of the Clearing House committee con-
firms this statement. We have money
on hand with Wnich to withstand any
run that may b. made. Only small dc
pOeitors ;lc Withdrawing. All banks
ia the city are taking advantage Of IN"
!aW on time daposilS. The First Nj
tonil is safe.
ON ;op of this came word from the
beard OF directors of the Milwaukee
Chamber ur Commerce announcing its
d. cisimi l,ol 10 wi:ndrtv rs cdrr-nt
expense fund from the Fir:.t National
Bank MI Of these staten eats had Il
rcassuring effect on derrsitcrs.
to core With - long ran. but il WAS
decided by all The banks in The city to
take ;idN;intae" of the law or time de-
posts requiring a notice of 20 days OF
with iraT';l on amounts less than Slho
and 80 days Where the amounts eN-
cecdrG that sum. rs rapidly rs the dc
;,,sitors appeared Ut the Niciets "f III"
savings departments of the effected
Institutions. their BASS books Wer'
slammed. acknowledging the motto" Of
y ithIrtM;l ana the dcrcSitoiS :ook
their departure. It only required about
tWo hours IL diSpose of the lincUD of
de: .oSitrrs.
Early in the day. crowds Of men and
women in all walks of life gathered in
line two and four abreast aud took
NJ positions in front Of The tw" bank
ing institutions to await the opening
of tire doors at 10 o'clock.
one Of tie most spectacular EIpr':l-
ifcs Of the day was the action o: May
or Rose. in watkins" down Wisconsin
stree. in fall view of the crowd with
yJuu 900 in currency and gold in canvas
bags. He was surrounded b. police
mon ard detectives and walked into
the bank with the treasure. This
n,oncN WAS part Of the shipment from
chicago banks and some from other
Milwaukee banks.
Cashier Frank J. Kip st'tcd that
much i"nrc than Se.000.00) WAS received
during the day by ihc bank
At noon. the street assumed its nor
r5al nppeur;liicc ana The run was com
pirtei> over.
The + irst National Bank is deposit
tory fo- government departments in
Milwaukee. the funds there inclu ling
these Of tn internal revenue Office and
of tie Offices OF the department Of JUS
tirc. None viii he WITHDRAWN
National Bank Examiner G. II. Eos-
worth rf Chicago. who was sent her"
by Comptroller of the Currency Ridge
ley. IS NJ work on the books Of The
First National and viii repor, his find
inss to his Snpcriors in Washington
as soon as possible.
According to the federal procedure.
il prisoner cannot plead guilty OF not
guilt. until he has been indicted by
the grand j,r%. Frank G. EigeioW will
not a,near in court until the grand
jury has considered his case The
grand jury IS called by the United
States district judge. While the date
has not been set. il is understood that
it viii be about the middle Of May.
Up to II late hour. no trace has, been
found of Henry G. Goll. the deposed
assistant cashier Of the FIRST National
Bank.
MI. Eiselow spent most Of the day in
seclusicn ut his home.
s;t"tc ftIds amounting to nearly half
Il million dollars will not be Withdrawn
from the First National Bank. This
conclusion was reached afte" Il confer
e:icr between state officials and local
bankers. tocay.
Sec. Hay Reports Excellent Health.
BAD Nauhein, Germany. April ID
Sec. Hay says he feels very we'll He
has arranged not 10 receive visitors
during the progress of the cure al