Jasper County Democrat, Volume 2, Number 18, Rensselaer, Jasper County, 12 August 1899 — HOW HE MANAGED THE BANK. [ARTICLE]

HOW HE MANAGED THE BANK.

Ex-Receiver Willintn Plankinton Examined nt Milwaukee. William Plankinton, ex-receiver for the defunct Plankinton Bank of Milwaukee, was examined Thursday before Court Commissioner Sebreiber relative to his management of the bank’s affairs. The shrinkage of over $500,000 from the face value of the bank's assets could not be accounted for by Plankinton, who claimed to be ignorant of many of the important details of the bank, as he did not give personal attention to the work. The ex-receiver had also credited himself with z 520,000 fees-as assignee without notifying the court or creditors until after he had paid himself. He could not decipher his report made as assignee on July 1, 1898. No attempt was made by the assignee to realize on various securities or collect numerous accounts due the bank.