Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1909-10-20
SHAMEFUL SCENES
At CHARIVARI
MINERAL POINT RouGHs AS
SAuLT HOME or BANKER
SPENSLEY.
NO ARRESTS VET MAoE-INTER.
VIEW WITH ALLEN DEEMED
NECESSARY.
BANK Ros5Eo OF $4,000 TEN
YEARS AGo-FRAuD BE-
HIND FAILURE.

i Mineral Point, Wis, Oct. IA
charivari at the residence OF Calvert
Spensley. president of the closed First
National bank. pass, d orderly bounds
last night, The occasion was the
marriage of MIR. Spensleys daughter
| to John l.. Lightbourne. an English
resident of the Bermuda Islands. A
hundred boys and girls tramped onto
the lawn and sh@ated remarks, some
of which reflected on the mismanage-
ment of the bank. This elicitating no
response, some of the older boys be-
gan bombarding the residence with
sticks and stones. Mr.. Spensley APP
peared and ordered them away This
was ignored. He secured assistance
by telephone but the crowd objected.
They hung over the fence for hours
afterward hooting and yelling dis
trict Attorney Gordon of Madison yes
terday conferred with Bank Exam
liner Goodhart and returned to Madl-
sou, where there is a commissioner
conn stent to issue warrants. MIR,
Gordon declared he will return here
at once. He says the records of the
bank render a personal interview
with Vice President Allen, whose ven.
lures it is alleged absorbed the
banks funds, unnecessary.
mr.. Allen is in very bad condi.
tion,' said pr II. D. Ludden, his fam
lily phsician. He cannot be seen.
Strict orders have been issued that
no one shall be admitted to the house.
he is in such nervous state verging
on complete collapse that it would
not be advisable"
DR. Ludden denied the story that
Mr.. Allen was q dying man and also
emphatically denied another story
that he had attempted suicide.
Robbed Ten Years Ago,
In the spring of 1900 the bank, then
occupying an old building since
abandoned was robbed of about $780,
600 in gold and large amount of Sc.
eurities A barber who had been in
town but a short time cut his way
into the vault through the roof fhe
entire building was wrecked by the
force of the explosion which opened
the vault About month later the
barber robber was caught and most
Of the plumber recovered. He was
sentenced to term in Green Bay re
fnrmatory
That fraud Is behind the failure Is
admitted The cause is said 10 be
disastrous speculation In mines. The
way the bank was defrauded, T. is az
legged, was by the substitution OF
notes in the forged names Of Wen
known local business men for negoti-
able securities. The repeated occur.
renee Of these notes and a certain
uniformity In their character aroused
the suspicious of the bank examiner
and further probing into he books
of the concern determined his sudden
action in closing the bank
misunderstanding Causes Closing.
difference Of understanding be-
tween Examiner Goodhart and those
who were willing to assist the bank
was what closed the banks door
The Kennedy mine near Hazel Green.
which at one time had been held at
$1,000 and in which Allen ana
spensley each held a one-tourth IN.
crest, was sold for $250,000 and II
vas believed this money would be
available 10 save the bank
The mine was purchased by the
Jones brothers The papers We're
made out and the money was Al hand
TO make the payment. MI Goodhart
| had understood the entire purchase
price was To 70 into the banks cash.
which VIC I'd have enabled him to
permit Il TO proceed The under
standing on the other side was that
/ the money was 10 be put In as n
/ means Of restoring confidence and Ia.
| ter, after matters had quieted down,
| il wag to be withdrawn with the ex-
cep ion Of Aliens quarter presi-
/ 0hHt 2f'iaits r'Hh " aH WILING ~ phb
his share IN, but other owners Of the
mine were not. and on this ROCK
we're shattered all hopes Of Saving
/ the bank
The legal aspect d the failure was
scheduled for discussion between the
bank examiner and the United states
distric, attorney yesterday hut the
latter missed his train from Madison
FAILS TO KILL.