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Show Pays "ays ays . " Depositors epositors Iepositors Depositorslie I > lie He daily daly ] marages mat mar ages a ea millions of dol do dolart ) . . of of the mtion na- na . - natIOn nation - jars ] al\ al alas " ' \ as treasurer lrelUlurer onn onA ono tIOn a II s larg-eat larg eat large8t largest - etatee tates stales but doesn down doeanpocket t tpocket tpocket pocket any more " salary "alary alary than doe does doesany dcxany . any anyone one of his stenographera stenographer stenographers . , aUt at aU aUI I t ec-ausa ec ausa ecau88 ecause - of what happened 13 yeara years yearaago yearsago yeaiMKO yeaiMKOIlls ago agohis Ills HIS I t 11 " + a atory story of a a . bank that falled failed falledand failedand faileand and of a character cl1aracler which places placesrespect placesrespect placerespect respect and righfceoosne'r righfceoosner righleo\l.Bnesa righleol.Bnesa righleo l.Bnesa lBnesa righteousness \ . . ' ahead of ofpennal ofperenal cpersnal pennal perenal gain galn and legal le al loopholesJohn loopholes loophole loopholesJohn . John M Smith , . Wi Wisconsin Wisconsin's Wisconsins conain ' . atattreasurer .tate tate state statetreasurer . .tatetf treasurer tf aSurer ' , la is as simple aJ a.s as . his hi * . nama namaand nam namand . and end proud of it it . . Earning (6,000 6000 $5,000 5000 $6,000 ( $ , annually , , ha he keepsonly keeponly keeps keepsonly only $1,200-lean $1,200 1200 lean (1,200 1200 ( ' $ 1,200-1e 1,200 1200 1e , , - - leu . than (26 26 $25 25 ( ' $ 25 weekly weeklyTh weeklyThe weekljThe Th The . balk bulk of ida hi * . earninKs earnings , . $3,800 3800 < $ 3,80goes 380goes , ( , goes to the depositor depaslton depositors * of the Lum- Lum Lumberman Lumberman'e Lurnberman'a Lurnbermana - berman'e bermane berman ' ' . . bank of Shell Lake , WlI Wh Wtewhere , where h he signed a declaration of nolimited un en unlimited enlimited limited liability before llquidatioD llquidaUoo llquidatioDbegan llquidaUoobegan llquidatiobeffan began 18 years yeara ago |