Semi-weekly register. (Brookings, Brookings Co., S.D.) 1894-1898, 1898-11-04

South Dakota. County OF
tsaha. S. In the circuit court: T. IN
Esannd .a iudicial district. T
~" U n,ain,iff. VS.. E. D. Morcon,
~ p, a,d N. II. Brion. defendants
,.Oo.ition Of william n. Gilkes.
a-;a, G witness in the above and
'l,r eauso, taken before Charles
sepberg. a notary public in and
corutv Of Cook and state Of Hi
/, the office Of said notary. situat-
tSp Ashland block, at the north
corner Of Randolph and Clark
IN the city Of Chicago, in the
aforesaid. on the 18th day OF Oc-
In D 1898, pursuant to annexed
a,iop Present. William s.
4 appearing for plaintiff. Chas.
ley, appearing for the defendants.
ham II. Gnkes, a witness pro-
in behalf OF tne defendants, being
bly, sgorn, testified as follows:
DIRECT EXAMINATION.
BY Nj. Shuey.
State your name, age and address.
tilliam II. Gilhes, age q, and ad-
4li East Chicago avenue. business
cnroe street
Wee you at one time employed
Dsfota National bank OF Sioux
South Dakota. If so, state when
what capacity A. From June,
b February, 1895; employed in the
Lg Of tooskccper and then as
Has this bank failed? II so,
A. 1t failed in the fall OF 1896.
there in tie spring OF 1896, and it
the following fall.
Ii you know, will you please state
(useS that led Up to the failure of
Rnk? 4. Depreciation in securi-
bd inability to realize on assets.
State whether, in your opinion, at
me you left the bank, the bank
pssessed Of sufficient resources to-
its then obligatiorS? A. ] don't
they couli.
Gould you approximate the time
f'od when, In your opinion. the
peeams insG'vent? a. From 1899,
fneral depreciation Of securities
|'d their assets unavailable, and
ps from 1895 they would have had
york paying on.
state whether you are familiar
ne salaries paid the officers Of the
TWO or three years prior TO the
A. Yes sir.
Will you kindly state what the
\ OF the various officers were of,
le or two years preceding the
A. PRESIDENT and cashier got
eaeh, and assistant cashier the
, sNSi tiltHhp SiEU.
Do you Know what rent the bank
iOr lis premises? A. $4,000 q
or $1,000 a year.
|"ili you state from the hawking.
tr' IN Your opinion, the salaries
n omcia'S Of this bank, having in
que magnitude OF its business and
n Oh the town. were or were not
as ol What good business iudg-
|"ou'u dictate? A. | don't think
|nas the bank in your Judgment
En honestly.
IT, - you .. know whether any of the
" inc bank, or it's directors.
E.s |asDIed IN the matter Of loans be-
I..i .aa. you consider prudence. to
h. neht OF the banks A. They
|Mas it the custom of the bank TO
b sir. '' "a any ha'u'e'
mas u 8, mat the custor- of other
81 a. SIOUX Falls? A. All of them,
|o,u .u ,ls thls Dakota National bank
'Ure Eae, interest on its deposits than
Isrn rAS IN Sioux Falls did? A. No
was IN agreemcut between
\ mat a vas the customary rate
y ,b, ,Ibr,eIase daily balances on de-
;r tu'S particular bank? A. There
eS interest ast paid on average daily
wi wbo except in one or two special
bla s, the deposits were of con-
d. n. size and value.
,e ban,. those to officers or friends
'a'A A. No sir. simply de-
nd a. you kindly state who they
!, ~ ,St Snat they We're? A. AsIre-
:, amer ,nefe was the STATE TREAS
,ns Aa !. county treasurer and A.
0l the directors. and to the