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Run on a Bank. MILWAUKEE. Wis., May 13.-The expected run was made today on the Plankinton bank on account of its implication in the F. A. Lappen failure, but there was no panic. P. D. Armour of Chicago, one of the heavy stockholders, in the bank, it is said, has sent $1,000,000 in currency to the bank.
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The Plankinton Bank. MILWAUKEE, May 15.-The Plank. inton bank opened an hour earlier than usual this morning. There was no renewal of Saturday's run and the flurry seems to have entirely subsided. The deposits far exceed the withdrawals this morning.
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Piankinton Bank All Right. MILWAUKEE. May 16.-The Plankinton bank, upon which there was a run Saturday, opened its doors at 9 a. m., one hour earlier than usual. There was only a small crowd waiting and no exeitement. The flurry seemed to be completely subdued. Cashier Momsen said the deposits in an hour were five times greater than the withdrawals.
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AFFAIRS IN MILWAUKEE. Things Have Quieted Down and the Excitment Seems Over. MILWAUKEE, Wis., May 15.-The Plankinton bank, upon which there was a run Saturday, opened its doors at 9 a. m., one hour earlier than usual There was only a small crowd waiting and no excitement. The flurry seemed to be completely subdued. Cashier Momsen said that the deposits in an hour were five times greater than the withdrawals. The affairs of the suspended Lappen company are in statu quo. An effortis being made by creditors to reorganize the business into a stock company.
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A great run was made on the Plankinton bank of Milwaukee, by alarmed despositors, on Saturday; but all who demanded it, received their money, and their was more to spare. So the bank is stronger than before.
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The Plankinton bank!of Milwaukee, Wis., \ suspended. 1
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Gone Down. MILWAUKEE, June 2.-The Plankinton bank closed its doors yesterday. There has been no regular run on the bank of late since the scare of two weeks ago. At that time it was said that Phil Armour,
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The Plankinton Failure MILWAUKES, June 2. - Assignee Plankinton assumed official charge of the Plankinton bank this morning. The depositors feel sure of getting dollar for dollar. Home small depositions are withdrawing their funda from other banks, but no serious run has yet taken place.
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Small Town; Small Bank. GLADSTONE, Mich., June 3.-The Exchange bank last night made an assignment for the benefit of creditors, and has closed its doors. The suspension was caused by the failure of the Plankinton bank of Milwaukee, and the outcome depends entirely on the latter institution.
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The Plankinton Bank. MILWAUKEE, June 2.-Assignee Plankinton assumed official charge of the Plankinton bank this morning. The depositora feel sure of getting dollar for dollar. Somesmall depositors are withdrawing funds from other banks, but no serious run has yet taken place.
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MILWAUKEE BANK RUNS. Small Depositors Give Notice of Withdrawal of Their Savings. (By tolograph to the Dispatch.) MILWAUKEE. WIS, June 3.-Runs were made to-day as yesterday on practically all the banks in the city to a greater or lesser degree. The small savings depositors, always timid and easily alarmed, have taken fright at the Plankinton Bank failure and have disregarded the causes of that failure, which the business-men represent to be only the careless and foolhardy speculations of one man. The Commercial and the Second Ward banks were crowded to. day with depositors in their savings departments who are giving notice in order that at the end of the thirty or sixty days, whichever it 18 according to the law in their case, they will withdraw their savings, The officials of both institutions, however, feel no alarm.
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On Account of the Plankinton. GLADSTONE, Mich., June 5.-The Exchange bank has closed its doors. The suspension was caused by the failure of the Plankinton bank of Milwaukee, and he outcome depends entirely on the latter institution. No statement of the bank's condition has yet been made.
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Michigan Bank Closes. GLADSTONE, Mich., June 3.-The Exchange bank has made an assignment for the benefit of its creditors and has closed its doors. The suspension was caused by the failure of the Plankinton bank of Milwaukee and the outcome depends entirely on the latter institution. No statement of the bank's condition has yet been made.
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The Plankinton Bank Suspends. The Plankinton bank in Milwaukee closed its doors, owing to the failure of efforts to reorganize the bank and to the continual withdrawal of deposits. The liabilities were placed at $1,000,000 and the assets at $1,600,000. William Plankinton was appointed assignee.
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The Plankinton Bank Suspends. The Plankinton bank in Milwaukee closed its doors, owing to the failure of efforts to reorganize the bank and to the continual withdrawal of deposits. The liabilities were placed at $1,000,000 and the assets at $1,600,000. William Plankinton was appointed assignee.
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CLOSED ITS DOORS. Gladstone. Mich. June 5.-The Exchange bank has made an assignment. The suspension was caused by the failure of the Plankinton Bank of Milwaukee, and the outcome depends entirely on the latter institution.
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-Madison Times: Frank A. Lap-pen's letter to a Milwaukee friend saying that he has been in Mexico since June 21 shows that when Gov. Peck said that he shook hands with Lappen in Chicago on July 4 his excellency didn't know much more about his subject than he did when he stood on the steps of the Plankinton band during the run and assured depositors that the bank was all right.
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THE resumption of the Plankinton bank at Milwaukee, with an unimpaired capital, is one of the encouraging signs of the times. It is the last of the large financial concerns that recently suspended to resume business, and but two small savings banks have gone out of business permanently. The banks reorganized since the panic have been placed on a better footing than they previously enjoyed.
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Milwaukee's Banks Reopening. MILWAUKEE, Wis., March 2.-With the reopening of the Commercial bank to-day, the resumption of the Plankinton bank within a few days all of the Milwaukee banks which suspended during the panic last summer, with the exception of the South side savings bank, will again be in operation. The creditors of all the banks are to be paid in full under a system of time extensions. In the case of the South Side bank, the unpreferred creditors will receive nothing.
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First Dividend. Milwaukee, April 11.-The payment of the first dividend by the receiver for the stockholders of the Plankinton bank, and. the third dividend by the bank will be made to-morrow.
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First Dividend. Milwaukee, April 11.-The payment of the first dividend by the receiver for the stockholders of the Plankinton bank, and the third dividend by the bank will be made to-morrow.
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BUSINESS EMBARRASSMENTS. Milwaukee, Wis., June 12.-The Moore Cycle Company, of South Milwaukee, manufacturers of bicycles, assigned last night to Max Ascher. Assets $200,000; liabilities considerable less. The assignment was precipitated by the failure of the Moore Manufacturing and Foundry Company a few days ago. A. E. Fletcher, the confidential man of the assignee of William Plankinton, testified in court yesterday that after all of the assets of the defunct Plankinton Bank have been collected there will still be a shortage of from $250,000 to $300,000. The total indebtedness of the bank was $1,450,000. This evidence was brought out in a suit which has been instituted to compel the stockholders in the defunct bank to pay their liabilities as stockholders to the assignee. It was also shown by the answer of the William Sanderson estate, one of the alleged stockholders, that the estate never owned any stock in the bank.