The Montgomery advertiser., 1905-04-26
CONFIDENCE
 IS RESTORED Milwaukee Banks TrOu- bleS About Over. DEPOSITORS' RUN ENDED Frightened Creditors Feel
 ReaSSured.
 Outside Aid Comes Willingly to Aid the Institution which Bigelow's
 Dedication Placed in Sore

Milwaukee, April 25.-Confidence has again been restored in the banking institutions of Milwaukee and the run on the First National Bank and the Milwaukee Trust Company. which was caused by the dedication by Frank c. Bigelow, until Monday president of the the First National Bank, of over s1,- 000,000 is a thing of the past While the two banks affected are entirely separate institutions, the fact that they occupy adjoining buildings and that some of the First National Banks officers direct the affairs of the Mill waukee Trust Company, caused many of the depositors to believe that one was a part of the other. Before the hour for opening the banks had ar rived, a meeting of the Milwaukee Clearing House Association was held and committee of that institution after examining the assets and collat- eral of the First National Bank, issued reassurng report.
 This report was printed in large type on placards and posted on the windows of the First National Bank and also displayed in store windows on Wisconsin and East Water streets Following this was statement issued by the board of directors of the First National Bank announcing with ab" solute positiveness that the bank was perfectly solvent. And on thop Of this came word from the board of directors of the Milwaukee Chamber of Com merce announcing its decision not to withdraw its current expense fund from the First National.
 All of these statements has reas- suring effect on depositors as to t--e stability of the bank. The banks ar fected were well able to cope with long run but it was decided by all the banks in the city to take advantage of the law on time deposits requiring notice of thirty days of withdrawal on amount less than $100 and ninety days where the amounts exceeded that sum.
 Notices Acknowledged.
 As rapidly as the depositors appear ed at the wickets of the savings de- partments of the affected institutions their pass books were stamped, ac- knowledging the notices of with drawal and the depositors took their departure It only required about two hours to dispose of the lineup Of de- positorsa .. , ,,,o women in all walks of life gathered In front of the two big banking insti- lions and awaited the opening or the Soors at 10 o'clock. Two score of po- dcemen kept the line in order but iheir work was light for the crowd was a most orderly one.
 One of the most spectacular happen lngs of the day was the action Of May ar Rose in walking down Wisconsin Street in full view of the crowd with $500 900 in currency and gold Tn can vas bags He was surrounded by po- Iicemen and detectives and walked in to the bank with the treasure. This money was part of the shipment from Chicago banks and some from other Milwaukee banks.
 Cashier Frank J Kipp is authority for the statement that much more than S2O0O, 900 was received during the day by the bank At noon the street as- sumed It's normal appearance and the run was completely over.
 National Bank Examiner C. P Bos" worth of Chicago, who was sent here by Comptroller of the Currency Ridge lev. is at work on the books of the Irirst National Bank and will report his findings to his superiors In Wash tngton as soon as possible.
 BIgelOw in SeclusiOn.
 Frank G. Bigelow, the defaulting President of the First National Bank walked down town today, but did not enter the bank building He soon re- turned to his home, where he spent most of the day in seclusion.
 According to the Federal procedure a prisoner cannot plead guilty or not guilty until he has been indicted by the grand jury. Frank G. Bigelow It., til the grand jury has considered his case.
 Assistant United States District At torney E.. J . Jennings says that Tn all probability only one indictment can De returned but that there may De num- Der of counts in separate instances While the date has not been set TOT converting the grand jury. it Is under stood that it will be about the middle of May.
 Up to a late hour no trace had been found of H. G. Coll, the missing As sistant Cashier of the First National Bank.
 State funds amounting to nearly half a million dollars will not be with drawn from the First National Bank This conclusion was reached after conference between State officials ana the local bankers today. The State ot- fcials, 1t is said were given a com plete statement regarding the finances of the bank. The State bank exam iner also conferred with National Bank Examiner Bosworth.
 Anxious DepOsItOrs.
 Despite assurances that the Milwan~ kee Trust Company was In no manner involved by the financial trouble or Frank G. Bigelow former president ot the First National Bank of Milwaukee, and confessed defaulter of more than million dollars, crowds of people to- day were in line long before the op'n- ing of the trust company bank wait ing to withdraw their deposits. The depositors gathered at the national bank were comparatively few at first but the number continued to increase. Bigelow bad been q director of the Milwaukee Trust Company, but when his dedication became known he was removed as such by the Board of Di- rectors. Notices posted on the bank windows which the depositors, mostly 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- positors and creditors.
 The notices posted on the windows of the First National Bank and signed by the directors that the company Is solvent seemed to reassure the depos- itors somewhat.
 No depositors gathered at any of the other banks at the time they were in evidence at the institutions mentioned. Members of the Clearing House As