Show BANKER BIGELOW A GREAT EGOTIST OverConfidence In His Ability As a Financier Caused His I National Affairs In Remark S SS S able Tangle S MILWAUKEE fay The first au statement in regArd to the cause of the downfall of Frank FrankG G Bigelow the defaulting bAnk president president dent was made today by an Intimate friend of the former banker In brief friend attrIbutes the din dis disaster aster to over confidence in lila business ability the he banker did not pos seas his friend states denies that he Io lost t the money lit In wheat het deals If you were to ask him ho how the JnO money ey was as spent pett he would be unable to tell you said Mr friend His affairs are In a remarkable tangle To my mind there Is 16 no DO reason to be Jlee that the th defalcation dates back more than a f few years rs Bankers Were Careless As to Ms kis alleged defalcation from frem other banks i nt it a bankers busl busi fleas DeSS to tee see that it It secured Looking at It a purey stand standpoint standpoint point it I 1 im to steal from a bank If IC we bu business i of the bank is safeguarded For instance one coin puny pany in St Louis loaned r Bigelow OOOO Bigelow gave AS security stock in the First National bank worth much more There is no reason to suppose that he meant to defraud the St Louis institution There was nothing about him to indicate that lie he did He paid the interest regularly and as a matter matterI of fact did not inte intend nd to be dishonest He thought he was a financIer Kept No Books He kept no books and for odds and ends of all sorts he had hIS hl mind only as 8 their depositories I am sureL sure I dont know whether it indicates m mental weakness Ss on his part I n but repe repeat t the he supposed he was a greater business businessman man he was Just when hen Mr Bigelow began beggi to take the banks funds is a matter I am unable to determine from anything he says When an examination of the bank was made last January nothing was vas disclosed For an all I know It did not begin until after that time There sas an absolute lack of oC system m about anything he did so far as his own af fairs were |