The Nonpartisan Leader Newspaper, March 23, 1916, Page 10

L 1 thes s, o7 TR Bl 37 WEAD GYCLE CO:, DEPT. ~~on CHIGABD: - SHiP US ¥E:% WIDES, FURS, e D. Bergman & Co.,| Saint Paul, Minnesota in:the Wi B H;dm mn_umowunmu wuhfifi | K- % e o roi o, Rt S. C. Buff Orphingten Eggs for | Hatching ' 15 for $1.50 30 for $2.75 50 for $4.00 100 for $7.00 John A. Winberg, - Eldridge, N. D. Anstrom’s Clothing Store. Tailored and Ready=made Clothing for Men and Boys Shoes, Trunks and Bags, Men’s Furnishings. Lowest prices in town. WILTON, N. D. American Nat'l Bank Vallpy City, N. D. Capital and Surplus $110,660.60 The Fasmer’s Friend Money to loan atau times to reliable parties. oo 3 Farm 'Lo'ézns a Specialty [ Men's and Boys’ Clothing, Shoes, Hats and Furnishings. Biggest stocks, greatest.values. in the § ; i Northwest. We respectfully solicit the § : 1 business of patrons of this paper, either: § in person or by mail. Mail orders re- ceive our most careful attention, .and" £oods are selected as fionestly and con--} sistently as though you picked them. out yourself. . Standard Clothinig House Corner Sixth & Nicollet 7 Mianesota Hi 80000000000000000000000000 Beaufort Hotel Minneapolis, Minn. Eurepean Plan, Opposite Old Post Office. Rates, 75c to 1.5Q single; 1.00 to 2.56- Bouble. “‘Servige™ is our Mott‘o.A ] 5t Special - attention will be given the members ‘of -the Farmers Nonpartisan Pelitical League of North Daketa. R.H. GREER, Manager ~ 000000000000000000000000 Fadden’s Restaurant 442:444-446 Wabasha St. - St. Paul, Minn. Selected for the- Farmers N. P. League Members = We serve the best meals in the city at 15c and up. “Never closed.” WALTER FADDEN, Proprietor 4 r-sna;afi-nfl.nfl;uj.nfi;qi-m Do Justice To Yourself Buy Your Supplies and Building Material A.J. HEAL - . ?EBTH, N. D. .W’w-~~ FRANCIS A. BRUGMAN, M. D. O.;.....Q."...O'..l... cechopabsesecssoseesiee . Glasses Fitted 36 So. Main St. - MINOT, N. ,D' UNION NATIONAL BANK of Minot P Capital and Surplus $90,000.00 Farm Loans Negotiated at Lowest | Rates. Prompt Seryice." No Bonus. ' MINOT, NORTH DAKOTA G. 6. Wood “Lillian J. Wood - Wood & Wood Minot’s Pioneer Chiropractors : Drugless Healers . .-~ . - Brager Block - Minot, N. D Eye, Ear, Nose and Throat- (Continued from Page 4)— - “ IFE NONPARTISAN LEADER 8 FOSE TMAL Governor Hanna and the Bank That Failed the outside banks would not have to - put up so much money to meet the crisis at Medina. i The next day, January 12, Barber returned to Fargo with the thorough understanding, he testified, that the money for which the securities were taken out of the Medina bank, would be sent in immediately to meet the impending run. He said that again that day in Far- go he had assurances from the First National bank that the Medina bank would be taken care of. He said he eXepected as a result of the confer- ences and agreements the money would be sent to Medina from Fargo that day. That night, Mr. Barber tes- tified, Stegge, Knauf and Crosby came to Fargo from Medina and: con- ferred with Barber, C. L. Campbell, an officer of Wheelock & Wheelock, Mr. Langdon and C. A. Wheelock at the office of Wheelock & Wheelock. LAST MINUTE EFFORTS . . TO SELL MEDINA BANK. This- conference, lie “said, was in - further negotiation to turn the bank. over to Stegge. Neshit and Knauf, testified' Barber; gave those at the conference the understanding that all that stood in the way of Stegge tak- ing over the Medina bank was whe- ther he could get’financial assistance from the First National bank. - On Tuesday, January .13, Knauf re- turned to St. Paul, according to the evidence of Barber, and -was to tele- phone whether or not the Merchants’ National -there was.to come in with the Fivst National of Fargo to finance the Medina bank. Knauf, said Bar- ber, teleptroned ‘his bank would npt go in onithe deal. ; Banber testified that the Finst-Na-~ tional notified Wheelock & Wheelock that the First National would not come-in on the deal either, and that ne money was to be advanced. Wheelack & Wheelock were advised by the First. National .that the Medina bank would have: to be closed. Barber said he immediately called up the governor’s office at Bismarek and talked with the governor and told him' to-send ‘a man o take charge of the bank. then he thought the examiner already . was at .Medina, the witness said. Gordon H. ' Neshit, cashier of the Pirst National bank, was then placed on the stand by the state. He first denied he had ever heard of the Wei- ser syndicate, but later ‘admitted he knew "eof it -andthat it had heavy dealing with ‘Wheelock & Wheelock. NESBIT ADMITS TAKING - " MEDINA BANEK COLLATERAL. ~ He admitted having been at Medina ‘ on-the day specified by Barber and to - removed from the Medina --bamk . $1%;000 301 $12,000 in collateral, while the.bank was on. its last legs: He denied, however, that in consider- ation of that the First National or Hammra or Trisk were to make an ad- vance of money to ‘protect the Me- - dina. hank agaiust the threatened ; TuB. Allhe weuld admit was-that this:eols .. fhe- Rixst. National oy - ] - the Medin bauk - “ness' i held agamst ..and to Secure a on.a of about $3,000" which the First Na- ~ tional owed the Medina bank and which till then had not been available tothe Medina bank, because there was no-security back of it. He admitted he did promise to make this $3,000 awailable in c¢ash for the - Medina bank to aid them in the run, but he also admitted ‘that even this amount was never sent the Medina bank befere-it closed. - e AR "LOSS OF MEMORY . SHOWN BY, NESBIT. . Mr. Nesbit at firsthad'a very acute case of loss of memory in regard to why he had in his pocket, when he went to Medina the second time, some . 96,000 worth of the stock of the Me- dina bank owned by. Wheelock & Wheelock and held by the Weiser syn- ‘dicate, according to the testimony of Barbér. When cornered, however, he confessed he had this stock with him - . for the purpose of assigning it to per- “sons mnot connected with the ee~ locks ‘so that theycould legally be made officers of the bank under a re- organization plan that would exclude the Wheelocks. 5 § NESBIT CONFIRMS STORY = TOLD BY BARBER. Nesbit: testified,.corroborating ‘Bar- ber, that he went to 'Medina this s ond time with Knauf of the . chanis’ National of St. Paul, an verified the fact that:Knauf took ou of the Medina bank ' the securities * which Barber bad hitherto testified had been taken. Nesbit said his mis- sion 10 Medina this time was on or- of offi “the Rirst Nationa ‘to Bee what could be ¢ the Medina bank on its t] The “governor told Barber - taken to fawther gecure : the indebted- - now’ ; .alleged: to haye been ness. . - 0 by reason of the failure of Wheelock Wheelock. ~He corroborated: Bar- ber’s testimony in regard to the-ef- forts to turn the bank over to Stegge and told of the failure of these nego- tiations. . Throughout his testimony Nesbit declined to admit he had prom;sed, on; behalf either of the First National or the Weiser syndicate, to advance the Medina bank more than the $3,000 yet due it as the balance of the credit hitherto spoken of. He said he thought he had made satisfactory arrange- ments with the other bank at Medina to furnish currency to the Medina bank so it could open for business. and meet withdrawals on January 18, but he admitted .that $Stegge had mnever given the Medina. bank -the cash and that it had never been forwarded from ‘the Fargo First National. DEPOSITORS SAY NESBIT CALMED THEIR FEARS. The state introduced testimony to ‘- show that Nesbit had told depositors at Medina that the Medina bank was ‘all right because the First National in Fargo stood back of it, but Nesbit denied - making - such statements, al- though he admitted that while:he was at Medina the ‘day before the bank closed he advised the cashier of the Medina bank to pay certain depositors who had become anxious about their money. EXAMINER SAYS BANK LONG. WAS SHAKY. I. E. Hanson, deputy bank examin- er, who was placeg in chaxge of the bank after the state bank examiner had closed it on January 13, testified that he had found the Medina bank in precarious condition as far back as . per-carried by the bank whieh depend- ed solely on the worth of Wiheelocl: fied that the cashier of the Medina: bank had teld him the day he fiotv there, January 13, that the First Na- to the veseue but had failed to. Hanson’s testimony was to the ef- fect that the Medina bank owed the' Merchants’ National of St Paul $9,500, to secure which: it held, when' “July, 1918, and found considerable” pa-~ the Medina bank closed, ower $20,000; - Paxt of this collateral was what the Merchants’ National took out of Wheelock bank two: . days hefore it closed: He testified that when it closed the Medina bank: owed the First National at-Fargo $10,- 000, secured by nearly $20;000 in col- lateral, some of which was that: taken out of the Medina bank by Nesbit five days before it closed. =~ OFFICERS OF BANK HOUND OVER FOR TREAL. Mr. Hanson testified that much of "the collateral that' Barber of Whee- lock & Wheelock had put in the bank in exchange for other collateral'and to cover: the Wheelack owerdrafii-a few: days. befove. .the bank closed had. no. eash market value, was poor assets for a hamk to be carrying ex was ac- tually ilegal paper for a bamk to be .. The officérs. of . the Medina. bamk:; were bound over to the distriet court.! Sor trinl stber s ; sensational nature and indicated so strongly that’the $28,000 in ecollateral had been taken ‘out of the Medina bank on promises that the bank was to be taken care of by Hanna, Weiser or the First National, that lawyers'in the.case .called. in Michael Murphy, receiver. of the Medina bank. When he found what the testimony had been he asked permission of District.Judge J. A Coffey to start suit against Gov- “ernor Hahna and E. J. Weiser, mem- bers of the Weiser syndicate and offi- .cers of the First National bank of Fargo, and against the First Nation- al itself, in an effort to collect for the defunct bank what. was alleged to have been promised to tide the bank over but which was never advanced. JUDGE AUTHORIZES SUIT TO COLLECT FROM HANNA, Judge Coffey authorized the suit to ibe brought for $50,000 and it was -hrought against Hanna, Weiser and ‘the bank in the district court at Bis- marck in August, 1915.° It sought to collect from the defendants‘the money . alleged to have been promised to keep ‘the Medina bank on its feet and for which' the $28,000 in' collateral was ) . taken out dur- ays the bank did busi- “Governor Hanna successfully con- tended that Bismarck was not’his le- gal residence but his official residence only and the case was transferred’to the district court at Fargo, where it is ding. : In September, 1915, 2 filed a demurrer in ing the last ; The sworn evidence was of such a " PERTH HOSBfrAL, % : DR. THOR MOELLER 4 1 Physician and Surgeon Perth - - North Dakota - We Want Your Frade .. LOFTHUS BROTHERS CO. Incorporated” = ] Dealers: in° Hardware and Farm f Tmplements North Dakota : 1l — o | Adams, I Appreciate Your Trade NELS E. STEEN Manufacturer cf . VELVET ICE CREAM Groceries, Fruits and Confectionery Z North- Dakota | Adams, JOHN. SANDSTROM* iy Dealen in . Gt % Hamness, ‘Trunks, Suitcases and |- 052 Blankets. . - . .. = Repairing of Harness and Shoes A Specialty P ) Adams, North Pakota League Members Never Fail to €all on CLARENCE E. LIEN BAKERY * Confectionery, Fruit, Tobacco and Cigars North Dakota T — Ada:ms, League Members Trade With ENGELSTAD--TANDE CO. | The Home of Quality Men’s Furnishings, Hats, Caps, Shoes. First Class Groceries, ete. Our Grocery Store score for 1915 was 98 per cent. Aneta, North Dakota JULIUS KLEMIN TUTELE, N. D. : All Kinds of Automeobile Repairs;, Vuleaniz- E e Asiae T ~ and Blacksmithing, Will Appreciate the Farmers Patronage % PYY VR - Alt Quality Geods - KREMENETSK} ; Tuttle, ,‘N,’ b. Groceries, Full Line of Hard- ware, Shees and Clothing, ' Enamelware, Tinware, - ‘Cutlery and"l:‘qols. . Having come into possession of = ‘White Bros. Percherons: I desire to reduce: the herd this spring. With '~ this end in view I'am;ofl'e'rix_xg.‘sbm‘e £HEg very attractive: bargains in young = . stallions and young mares. Am also offering our herd horse Pink Champ