| Show BIGELO HAD A PECULIAR W r His Ils Manner ol ot Conducting Large Lage Affairs Such as to Stagger Belief of HAS CREDITORS EVERYWHERE Cou I o e tc to Nearly carly Three Estate Looted Milwaukee WIs IA April Apri 0 Cl f the defaulting hank bank president hiss hns hll an sn Indebtedness to tanks commercial Institutions amid estates of ot which ho hail bud charge which will wil aggregate gate In I between n 11 K amid based ho c on lila his hil confession a 1 volun volumn voluntary tary tar petition in bankruptcy hns has been flied filed led In tho the tr U 1 S 5 district court which contains the this name of o ns RA al many of o Mr II creditors as al ho can remember her ber with n a list lt of ot assets nS on which Mr lr valuation Is S 1 By fly B his hid hil own his hil creditors extend nil al over oel the United halted States One estate has hns hal been heen looted his hil Indebted Indebtedness ness fles to the tho Brodhead c estate being SOO The Tho Tim debt leht Is 1 unsecured It I Is also Ilso believed other trusts lucid held by b tho the form former er Ir banker hanler have hae suffered Those Thone omit famil familiar lar hu with wih the lie situation ion mind and with Ith information they can glean from Crom the tue former banker fear CeAr his bile hil liabilities will 1 run rUI up to 10 considerably more moll than his hl present estimate tl as ns they believe sub subsequent luh sequent revelations will reveal trans transactions actions of oC even een a ii more Ioro na nIl nature au ture turl Atty A Alt I Chas Chos P Spooner who vho ho flied filed tho thin voluntary petition pelton In iii bankruptcy in Iii bo be hI behalf half of o Mr lr was 1 compelled to lo tomake make lii ako up um p the lie Ihl 1 petition not i t In I a such a short shor tue lint It I IH hr far II am from Crom complete unit wil necessarily have to 10 be ht d So in fo foI far Hr I as IS a could he ascertained nHI I Mr Ir 1111 low lots had luau no system of or keeping n ii record of 0 t hi hl hi I s financial il nn I I ia I ft ad the t lie of liabilities and assets hud hiatt h to be maim made up lp from rein n a list made murul lit in pen elI cil rl on half a sheet of note nolI piper In ii h Mr Ir handwriting Mr Bige low ln was ns as not positive of this the names mimes of or tome sOnic t his creditors nor of the nature nadirs of ot some seine ROle of or the th Ih companies th I Ing in nt at n t hand to refresh his hIM memory sn so the tho attorney n torno was wan obliged uhl to use UfO his hiM In c best Judgment In figuring out what con coji on corns cernA were vere meant Ins HIS IS WONDERFUL IL METHODS lI The ho revelations ns as 11 to 10 the system of Mr Ir II n conducting large o arc such luch ns as to stagger the Ih belief of bunkers to 10 whom method In Iii such o transactIons Is II ns as IH a second nature The rho hl tiling of tho the petition In iii bankruptcy will necessitate the lbs withdrawal of o the Iho wil se so securities which were turned tinned over ov r by h Mr tr to 10 the tho First National hank bank ns as within four months of the I filing of the petition In II bankruptcy It I constitutes nn an In net art of oC preference of or credItors ald the tho amount which wn was estimated at it lt about will 1 bo ho equally divided among moll nil all ni the creditors f lorf of or Mr lr This Flue will In II no mm way wimy affect the hue bank hank however ns as the IY 11 ni UI inter I of or the directors ni 11 amid stockholders more than covers tho defalcation LIABILITIES The he schedule of 0 assets nl anil liabilities of Mr Ir lh lu n tIC tIled Died ted IH Is as 11 follows Creditors edlor secured lured to 10 extent First 1 bank of cit Mil Milwaukee 11 waukee lukee Wisconsin National Kink 1 of or Milwaukee Second Ward Will bunk bank of or Milwaukee i lemma German American Il bonk of at O o Milwaukee Marine National hank bank of ot Mil Mih Milwaukee Mi waukee luk e National City Cl it hAnk bank of ot Now New York National Bank of ot Commerce COO New Net York JOM First National bank of or Chicago National York Park lark Pak hank bank of New Nel National Nat Bank BInk of 01 Commerce CommercE St Ht Louis 00 Unsecured creditors estate J Caroline WatkIns W Mrs Mr Kami mime llama doubtful Samuel 90 Unknown person Ier n Thin Tho Iho estimated total of or liabilities Is about 2000 ns its 11 Atty A I Spooner stated Allied that thin the petition pellon Is II so no 0 Incomplete hut and may 11 be subject to so en 1 much amendment that exact amounts can cannot not nol be he glen given at lt present ASSETS I The Tho table of or Hael with the thin ions placed upon thorn them by h Mr lr low lol hll elf to 10 the bust of or his lection Is I nH UI follows Sundry life le Insurance policies with wih face value of 1200 shares of National Elec Klec Electrio trio trie stock 1600 1603 acres of or coal cOli land II ld liner fito county mile olo OOOO f pany tinny shares In Del 11 Norto Nore com coat company COI Shares In to Idaho company compan OO Shares preferred stock McKen McKenna na tnt In Process company Pitts Pittsburg Pittsburg burg Shares common stock McK n nna 2800 na tie 11 Process company Shares Shurel Mining and COO Smelting company Shares In ii Chicago Highland IghlAnd association 1 iO y National bunk At Atlanta t lanta 3 Shares tn In Fond du IC Iao hank bonk JWO Stock In tn Northwestern Iron trait 16 company Shares In Zion Furnace com cam company pany Ashland 81 Notes Notel of sundry Individuals Shares Grand Rapids OO company Camp Real lied Estate stAte l ny 2000 MO Shares In Iii Iron IronWorks IronWorks Works company 1 7 1000 10 2500 OO 00 shares J L t Gates Gacs Land company Included In the hue schedule Is IA Mr tr bIlge Bg lows hows 1011 homo home at nt Astor Altor nail II street reel on oil which he places a n valuation of or 10 40 O I which less tess lell th lh the exemption by hy law on ott a n homestead Is IH valued At nt 60 ThIs Thin Thil schedule of or assets Is na ns follow Colow Furniture F 60 torsos Horses I e 2000 20 Carriages Cn 2000 Books I W House Hous h ouse Total Excluding the tue face value of the this life 11 Insurance I the estimated volume of o r the tho assets accord Inn to 10 Mr Mm II BK lows h figure Is IA about 1900 but hut Atty Aty hurled I 1 1 r who Iho filed lout the peti petition tion said Mid that hut undoubtedly these thesa will viii t 11 bo hue subject to considerable change e en nH n a s soon tom its ni the of these the assets Is determined He lie le sold said that list it was t ns mm probable I e that t hit t there here thell t would iii be hp a s I con coil considerable tun a at change In Iii these total both boll ot 01 the he t liabilities amid the assets TIlE THE lm lJ The petition ye t it formulated liLt hit In touch such eh haste l ie ste Mr lr Ir Spooner utter that hurt the t he schedule m and liSts l ts nf of assets as us well vetI wel un us come innie m of ut the this of ot the companies ire are Iro t tt Inaccurate It Wire wag compiled from final flom th th tho Iho t Im recollections of or Mr 11 II plo ns as ni he hue had ind h no 10 hooks books or or memoranda at lt hi hl house h ouse apparently ii p run men t I 1 from rob which I ili definite deil ii Its figures figured could bo be hI obtained I cannot vouch nuch for fat rol the of the lie schedule of n liabilities 11 us tim 11 It Is II possible third Hint moro inure will rill wi t he be found nuN I am convinced that Mr 11 gure me moe le tIme the best In formation farina t ion he hi h haul had at hand ha and a t ii ii t Ui I a was l nl his tho the host best he lie hp could do In In Imi the lie short space of rut time nl At lt our ciUl OU disposal Among the lie listed In lii tin the Il sched schedule ule ile t tt arc nrc some which were tore turned turne over Oer to Ia the ue t First National hunk lusak h hut but which wilt will 1 now bo lie distributed II among all Al this the Ire cre I I t ore according a I mu g to 10 t ii the I hi A decision of ut th t ii referee i In iii bankruptcy The Tho action Is II In Inno Inno noway no In unfriendly to In the First Nations National I hank bank butt but taken merely because t twan tas wan as Keen lel that with wih nil 11 ii II the other 1111 rell toriI of ot Mr M r which were un on known to the Ihl lie First 1 National bunk bank i I a I ii on cm Monday l y i uhl undoubtedly In ii lit I I have hite taken Inken some 1010 step slop to prevent the preference of n Consequently olle when the this was WI mails made malf Mr humid turned over his hil most mOlt tangible assets to the lie bank the lie were tere In iii II Ignorance l I guam n co that t hi e i he lii h had ii au other it bier In I c of such uch n a A large InrI amount The rue he news MIl of or Mr Ir to 10 other honks hanks In Ill thin United States nail that I trust funds of estates e ts teA hall hail been used took look the breath away nn train from some of nf the lie officials of the Ih First Kirst Na t ion ii I bank hanl ha ii k who iho ii nd hitherto Ii i t Ii 0 been heen loth In I h to 10 believe bellove the Ihl that the Ihl former farmer president laid had beon b on obtaining money from outside sources Although they Ihl tIn were vero a of o the fact that 1111 t t the lie t pet peti i ion tion I In bankruptcy was taA WIl to 10 he ho h filed they the dub dill not know knots knol of the ibis Items I Im I which It contained con The Thi Th verification of the th report Unit the Ih Imd blind lies ii I estate esta I hail had been leIl the t hue loser II PI to 10 the thE extent of through Mr o BIlo Is II contained In tin the 11 petition In bankruptcy as us al Mr Ir rl confesses to 10 have used this amount of or n the esis tos funds An n mi Investigation of or tile the affairs of or the estate 1 will 11 bo hf conducted to 10 as an certain If It any more of ot the funds have hae been beon used by b I Mr MiS 1 John Talia C C C of or Kingston N y V one nun of the beneficiaries In the lie estate will ar arrive AI o interests rive nyc here hll Friday night to Iti look Ik after his bin Mr iIi rl lol lit lii nf cit Ir Iho lie Broil Iroll bend hd estate before tim the tiling filing of Ir thin tho pe pc pt In nd ml I ted that he lie heo wa o indebted tp S ADMISSION D It 1 h r estate was as l property 11 time litte 1 age R I 1 1 he lie h soul RIll I am 11 to the estate but bu t uig like I I ke the t ho u iii 14 that t ha r hav ha vs been hell rumored I owe oe the estate about A ns ItS al Mr I comes I J shall Ihal try Iry to 10 I arrange with ll him to II pay buck back lark the Ih amount I will also aiM re me Ie I tire lre as al trustee The Chic usury Henry c I I estate Is II shAO b n according to I 1 P Miller It I I t amounted to 10 but hUl neither executor or of nr the estate to Ioli transact t ru n business without WI t lion t the he Ih t so tic L iou of ot the tie other oilier I The tilIng filing of the Ihl voluntary petition In bankruptcy ha ru p C nl A not decided ii echi ed upon Ion ii non until u ui tul I yesterday when Attorney lor was 11 hurriedly summoned to tn go to 10 Mr II lows IOWN 10 house houp to 10 outrun obtain 10 the Iho I facts to enable him hll to ho prepare the pe ito thou Ilon The he tiling filing 11 of the petition wius 11 lP I desired olsle dent red by h Mr i Igelow I I himself Ii I iii set f us ii I s he be had objections to being forced 1 Into In Involuntary voluntary ii ta ry bankruptcy ha a Ii mu n i y through t bi bu the tIme act of pome ole unfriendly creditor lr although the th result In Imi 11 either case would have hae been beon the lie mine I |
