The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-04-27
near S3,OOO,OOO.
BigeIOw's Liabilities Much Larg-
er Than First Reported.
A Voluntary Petition in Bank
rUptcy Is Filed.
ASSETS ARE s1,419,OOO.
Creditors Are Scattered All Over
the United States.
One Estate Looted to the Extent
of 100000.

dNhE6g WIS., ADEu Zf.-ETaE1
G. Bigelow, the defauIting bank presi-
dent, has confessed an indebtedness to
banks, commercial institutions and
estates Of which he had charge. which
will aggregate between S2,OOO,oOO and
100000 and based on his confession.
a voluntary petition in bankruptcy has
been filed in the United States district
court which contains the names OF as
many Of Mr.. Bigelow's creditors as he
can remember, together with a list OF
assets on which Mr.. Bigelow's valua-
ton is $1,419.0 900.
By his own admission, his creditors
extend all over the United States. Ona
estate has been looted, his indebted
ness to the Broadhead estate being
500, 900 The debt is unsecured. It
is also believed other trusts held by
the former banker have suffered.
Those familiar with the situation ana
with what information they can CLEAN
from the former banker, fear his lia-
blli6es Will run up considerably more
than his present estimate, as they be-
lfeve subsequent revelations wa sllozT
transactions of even a more seaEtl21R
nature.
The revelations as to the system oR
Mr.. BigeloW in conducting large az
tfairs are such as to staggeFthe BELIEF
transactions IS as a second nakuSe.
The fling OF the petition in baakz
ruptcy Will necessitate the withdrawal
of the securities which were turned
over by Mr.. BigeloW to the First Ma
tional bank. as being made within
four. months of the fling OF the peti-
ton in bankruptcy. It constitutes an
act of preference Of creditors and the
amount which was estimated at about
| $500, 900 will be equally divided among
all the creditors Of Mr.. BigeloFv This
will in no way affect the bank, how
ever, as the guarantee of the directors
and stockholders more than covers the
defalcation-
The news of Mr.. BigeIow's obiiga-
tons to other banks in the United
States and that trust funds of estates
had been used, fairly took the breath
away Of some of the officials Of the
First National bank who had hitherto
| been loath to believe the rumors that
the former president had been obtain
ing money from outside sources. Al
though they were aware Of the fact
that the petition in bankruptcy was TO
be fled, they did not know of the
items which it contained
Scared DepOsitOrs Return Money.
Milwaukee, Wis, April 27.-The people
of Milwaukee awoke to a new sensation
today when the startling announce
ment was made that Frank G. Bgelow,
the defaulting bank president, had filed
a petition in bankruptcy with liabilities
aggregatipg over 100000 and assets
near the million and a half. The fact
that the largest creditors, which are
banks, are placed in the list of secured
creditors had a tendency to quiet the
nerves of the people who have deposits
in the city banks. There has so far been
no excitement in the vicinity Of any OF
the banks and none is expected
Every bank in the city reserves ITS
rights to take advantage Of the law
with regard to time deposits and this
is being done.
Offers of assistance continue to pour
in from all parts Of the country to the
T7ff-- Il T.a-4 Oh
has passed when any outside aid is nee
essary.
A large amount of money which was
Withdrawn during the excitement Of
Monday and Tuesday has been returned
to the bank and heavy deposits are COM
ing in from big business houses through
out the city.
c. N. Bosworth, the national bank ex-
anniner is still conducting his thorough
investigation Of the First National bank
and does not expect to complete tbs
work for several days.
No trace has yet been found Of Henry
G. Coll, the deposed assistant cashier.
Schedule Filed.
The schedule of assets and liabilities OF
Mr. Bigelow as fled IS as follows:
Creditors secured to some extent;
First National bank, Milwaukee 81, ,5Oo, coo
Wisconsin National bank, MitWau-
second Ward Savings bank. Nil
German-American ai1lsile bank, Miiwau-
MaTine aff National bank. Miiwau- -
National city bank, New York. 5000
National Bank Of Commerce, New -.
First St National bank Of Chicago. 5000
National Park bank of New York $1,000
Nh02inai ho3is BanA OF commerce. - eoOoo
Unsecured Creditors.
Broadhead estate ................-...S 10000
Mrs. firoiisls Kann name doubtfuD -. 500
Samuel Watkins OBSERVATION-DISCLOSURES z450Jg
Unknown person 5fupy
The estimated total of liabilities is about
81, ,2o0 900. as Attorney Spooner stated that
the petition is so incomplete and may be
subject to so much amendment that exact
amounts can not be given at present.
Assets.
The table of assets, with the valua ton
placed upon them by Mr.. Bigelow him
self to the best OF his recollection, IS as
sundry life insurance policies with
1.s50 shares First National bank -.
stock at $500 a share -...-.---:- SlVVJO
l'7go stoek shares OF Natonai E.iee.tio $4,000
1,60o acres of coal land, Huerfano
SO S01Iy SHARES soi in Del Norte CO.. 5000
Shares in Idaho Co. ...-...-.-.-. S5,VvO
Shares preferred stock Mckenna
Process Co, Pittsburg .--..--.-.- 2S,e0S
Shares common stock McKenna -
shares lSssI5 comanche ma Mining & smeit- .e..
saarss aar;s ton IN Chlcago Eis .=i slliaiiu 1000
Lowry National bank, Atlanta. $500
shares in Fond du Lac bank. 1-59y
stock in Northwestern Iron CO. 1000
Siisz1es ls5s ID 1--'ii T 80 .....-' 5000
,rotee ~ s4,rdr1y indfvidlIaIs 1000
estSa1ss Grand Rapids Edison Co. 10000
S.vo77 Peal Estate Co .... $1,000
e5f.e-.sss NT5Ivva11Jxee Tronvorks Co 1900
> 5e1 shares = =. Gates Land CO. 10000
Included in the schedule IS Mr. Bige-
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