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Show BUN ON BANK I IS ALL OVER I Big Defalcation Fails I to Wreck It. I Clearing-House and Cham- I ber of Commerce "lake Report. Depositors Are Reassured and Business Busi-ness Resumes Normal State j Bielow Continues Silent. I MILWAUKEE, Wis., April 25. Confl denes bus again been restored In the banking institutions of Milwaukee, und tho run on tbu First National bank and Che Milwaukee Trust company, which waa caused by tho defalcation by Frank G. BIgelow, until Monday president of th.-bank, th.-bank, of over $1,000,000, Ih u thing of tho pust, and bunking affairs in Milwaukee Dave resumed their normal condition. Believed Two Banks Affected. j While the two banks affected arc en-tirely en-tirely separate institutions, tho fact that they occupy adjoining buildings and that some of the First National'! officers di-rect di-rect the affairs of the Milwaukee Trust company, caused many of the depositors to believe that erne was a part of tho Before the hour for opening the banks had arrived a moetlnc of the Milwaukee Clearing House association was held and a committee of that Institution, after ex-amining ex-amining th. assets and collateral of the First National bank. Issued it reassuring report, as follows: H Clearing- House Makes Report. "The Milwaukee I - i ring House asso-clntlon. asso-clntlon. aftei oxamlnlnn .-arefullv all the assets ;ind collateral of the Plrt Xa-tlonal Xa-tlonal bank of Milwaukee, reports as a result of such . xamlnatlon that thev are satisfied that the Bald bank Is perfectly solvent and able to pay Its debts." This rsporl waa printed In large type on placards and pasted i i the windows of the First Xatioiml haul;, and also "H played in store windows on Wisconsin and Fast Water Btreets Following this rs.is a .statement issued bv the board of directors the Fir;t National bunk, hp-nouiRlng hp-nouiRlng with absolute posit iveness that the bank was perfectly solvent, Chamber of Commerce's Decision. And on tov of this came word firm the H board of directors of the MIlWQukeo chamber of commerce announcing its de- H cislon not to withdraw its current expense H fund from tb'e First National. All of these statements had a reassuring ef- H feet on depositors as to the stability .if the banks H The hanks affected were well able to H cop.- with a long run. but It was decided H by nil the banks In the city to take ad- B vantage of the law on time deposits, re- fH quiring a notice of thirty days of with- H drawn! on amounts less than $!'). and H nlnet days where the amounts exceeded H Able to Cope With Run. I As rapid I. . as the depositors appeared H at tie wickets of the savings departments H Of the affected Institutions their pass- fH books were stamped acknowledging the H ih. tic .if wlinilra wal. and the depositors H took their departure. it required only H about two hours to dispose of the line of H Depositors in Line. SHsKfC Early In the daj crowds of men ar.d women In all walks of life gathered in ffi" I Hue two and four abr.ajt and took up' pMltloni in frani of the two Hr banking irstitutionn ;ud awaited the opening of ; tho strong doors at 10 o'clock. The line x tended about hall a square on Bast Water and Wisconsin ptrccts from the main entrknice ol each Institution Th c rcwd xv.in orderly and gave no trouble to the poll' - Mayor Deposits Half Million. One of the most tnect.icular happenings of tho day was th.- action of Mayor Rose In waJklnK down Wisconsin sir ! In full View of the crowd with 1800,000 In currency cur-rency and poid in can yes bags lie was si rrounded hy policemen and detectives nnd walked into the bank with the treasure. treas-ure. This money was part of the hip-n hip-n rnt from Phleafro hnnktt and some from other Milwaukee banks Run Was Over nt Noon. Cashier Krsnk J Klpp Is authority for the ptatement that much more than JI,'.-000 JI,'.-000 was received during the day by the hj.uk. At noon the street assumed Its normal npnearance :ind the run Was over. The First National bank is depository for Government departments in Milwaukee, Milwau-kee, the. fundu Includlnc those of the Internal revonu- r.fllce nd f the office? in the Department of justice. None will I.e. withdrawn Blgelow Awaits Grand Jury. Accnpllns; to the Federal provision a prisoner cannot plead pullty unless he be Indicted by the grand jury. Mr. Bipeiow therefore Will not appear In court until the srrand Jurv has o.i.sld. red hi case. Arslstant I'nli.-d States District Attorney Rennlngs says thai In all probability only ne indie m -nt cm be returned, but that 'here mn be a number of counts In repnrnte instances. The ci-ind Jurv Is called by the I nltcd Btates District Judge. While the date has not ben x. i, it understood that It will be ,'ibout the mld-lle nf May. Mr BIgeloW spent the day at his home, ar.d declined to be Interviewed. No Trace of Assistant Cashier. lp to a Iat4 hour no trace had been found of Menrv f. Coll. the rb-posed a--Blgtant cashier of the First National bnnk State funds amounting to nearly iaif a minion dollars will be withdrawn from 1ho First Natl mnl bank This conclusion n.-.c reached after a conference between State officials ."nd local bankers today. The State Offlclalfei It Is said, were given a complete statement regarding the f-nanecs 'f the bank. |