Show milwaukee gets a second shock when new disclosures are made by filing papers in L T voluntary bankruptcy milwaukee wig april 27 frank G bigelow Bl gelow the defaulting bank president has confessed an indebtedness to banks commercial institutions and estates ol 01 which he had charge which will aggregate between and and based on his confession a voluntary petition in bankruptcy has been filed in the united states district court which contains the names of as many of mr bloc lows creditors as he can remember together with a list of assets on which mr valuation Is by hla own admission his creditors extend all over the united states one estate has been looted his indebtedness to the broadhead estate teang the debt Is unsecured it Is also believed other trusts held by the former banker hava suffered those familiar with the situation and with what information aney can glean from the former banker fear his liabilities bili ties will run up to considerably more than his present estimate as they believe subsequent revelation will reveal transactions of even a more startling nature attorney chas P spooner who filed the voluntary petition in bankruptcy n behalf of mr bigelow Bl gelow was compelled to make up the petition in such a short time that it Is far from complete and will necessarily have to be amended so far as could be ascertained certa ined mr bigelow had no system of keeping a record ot bis financial transactions and the schedule of liabilities bili ties and assets had to be made up from a list made in pencil on half a sheet of note paper it mr Bige lows handwriting mr bigelow was not positive of the names or some of his creditors nor of the nature of somo of the companies and had nothing at hand to refresh his memory so tha attorney was obliged to use his best judgment in figuring out what concerns were meant the revelations as to the system of sir bigelow in conducting large affairs arc such as to stagger the belief of bankers to whom method in such transactions Is as a second nature the filing of the petition in lank will necessitate the withdrawal of the securities which were turned over by mr bigelow to the first national bank as being made within four months of the filing of the petition in bankruptcy it constitutes an act of preference of creditors and the amount which was estimated at about will be equally divided among all the creditors of sir bigelow this will in no way affect the bank however as the guarantee of tho directors and stockholders more than covers the defalcation the schedule of assets and liabilities of mr bigelow as filed Is as follows creditors secured to some extent first national bank of milwaukee wisconsin national bank of milwaukee second ward savings bank of milwaukee german american bank 0 milwaukee marine national bank ol 01 milwaukee national city bank of new york national bank of commerce new york first national bank of chicago national park bank of new york national bank of commerce st louis j unsecured creditors broadhead estate caroline mrs kann name doubtful samuel watkins unknown person the estimated total of liabilities Is about as attorney spooner stated that the petition Is so and may be to so much amendment that exact amounts can not bo given at present the table ot assets with th valuations placed upon himself to the best ot his alon la as follows sundry life insurance policies with face value of 1850 shares first national bank stock at a share shares of national electria stock 1600 acres of coal land county colo shares in del norte company shares in idaho company shares preferred stock mckenna process company pittsburg shares common stock Hc Kennai process company shares comanche miffing and smelling smelting Sm elting company shares in chicago highland am cocory national banac atlanta 3 shares in fond du lao bank 1 COO stock in northwestern iron corn pany shares in alon furnace company aadland notes 0 sundry individuals 40 shares grand edison corn pany camp real estate company shares in milwaukee iron works company 2500 shares J I 1 gates land com pany included in the schedule Is mr Bige lows home at astor and knapp streets on which ho places a valuation of which less abo exemption allowed by law on a homestead la valued at this schedule of assets Is as follows furniture horses 2000 carriage s 2000 books bouse total excluding the face of the lifo insurance policies the estimated value of the assets according to mr figure Is about |