The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1910-01-08
Continued from Page one.

Continued from Page One.
cashier of the bank, he stated that the
Ely note and the Ely-H Hall note were
in the First National bank Of Rugby
when the receiver took possession and
never had been paid. 9 80,
| Another Fraudulent Note.
The last witness called by Asst.
Dist. Atty. w. I'll. Barnett before the
/ noon recess was Atty. r. J. McCi1ry of
Devils Lake, signer OF an "accommo-
dalton" note for $4,000. He stated in
substance on the stand: sts.,
i ION March "a, 1908, / was called
over the long distance telephone to
Rugby / thing Mr.. Elstad was the
person talking. was told to come TO
the First National bank. When I ar
rived i saw Elstad. who directed me
to the directors room where T. met
Jones. 8-I'&E-.f
Zones told me that the other two
4 banks were trying to make trouble for
his bank, through runs I believe He
asked me to sign an accommodation
note for $4,000, promising that would
never have to pay ii and that 1t
would be returned to me, after they
had been tided over the trouble /
received written receipt in the hand
| writing of A. II. Jones, written In my
presence"
4 At this point he exhibited the re-
ceipt which acknowledged the note
and agreed that it would be returned
to him without payment. This was
offered in evidence by t g govern
ment.
On cross examination he stated that
he had known Jones probably ten
years, that they were friendly. The
attorney for the defense also brought
out that he had signed similar note
for the Burton State bank, for which
he had received no consideration. This
was negotiated a few months after
wards. .s v:
Assistant Cashier Elstad was just
seated in the witness chair when Judge
Amidon announced the noon recess
Bankers on the Stand.
The first witness called this morning
by the government was r. j. Ritchit
of the German American National bank
of Little Falls, MINI. He told of dis
counting the following notes for the
First National Bank Of Rugby: Il. FL
stad. $1,000; Dave Donely, $4,000; S
@. Roar, 81 900. All of these he statet
were finally paid. ee
The defense waived cross examina
ton Of this witness. A series of checks
payable to the German American banl
were then identified by Elstad.
EIstad Not cross Examined
When this witness completed tn
identification, Judge Barnett announc
ed that he had finished for the prose
n cution. Elstad has been on the stant
eight times during the past two days
Prior to this an agreement was reach
led to conduct the cross examination
all at one time. He was now tlirnei
" over to the defense, but by motion tn
. cross examination was postponed.
Nels M. Evansen of the First Nation
al Bank of Osakis was called and toll
of accepting a note signed by IA
Storck and Guerin of Brainerd, MINI
. In place of certain notes held by him
which had been purchased by Jones
Jones' Official Position.
From the minutes and Assistan
Cashier Elstad, Andy Jones' officia
position was established. 1t was show
that during all fthe time 9in qaestio
i that he had held the once Of cashie
and general manager of the First Ma
tional Bank Of Rugby and that he ha
entire charge of the affairs of that in
o stitution. r.s
The Hankers' Position. s.
There is probably over a dozen bank
Z ers from all ever The northwest attend
ing the trial as witnesses, having hs
= some dealings with Andy Jones. I
% The Forum this morning one Of IL
= most prominent members said:
y 1t is doubtful If any--at least vel
~ few--of the banks buying the not
offered by the First National bar
ne of Rugby should be censured for d
CO ing SO, as they exercised ordina.
es business caution Tn, purchasing til
e. paper. Many OF them have alreat
been reimbursed and some of the
DDS OF this banker were SO aiidacio
an that even some of the most caref
It's financiers were deceived, but th
in have taken every possible step to pr
a. tect themselves and the, patrons
ill their institutions, The situation
he such that there, should be. no appr
ne nGnS1Qn OH EHS.spdIt VI AuO5G HANl
interests in any Of the institutio
MT which may at one time have purchs
r. ed this alleged fraudulent paper.
Friday Afternoon.
- That Andy HI ~ ones ex- cashier
% the defnnct First National bank
s1s Rugby, NJ y. y used the credit of {
y institution which fhe,l represented
III raising over $247SO which when
q ceived was applied to his personal .
+ count, was the main feature of the IL
timony offered In the federal COZ
Friday afternoon in the case of
government against "A H. Jones.
With bankers here from all over I
northwest, financiers who head
Estrongest rlstitations IN fi1As section
the country. who dealt with, the Rug
banker during his n1eteorie career, /
in Fargo, half dozen having testifi
That Jones man;pulations are wort
of credit, irsthe class where they l
long, was verdict Of the crowd Of sps
tators that thronged the court roc
with the seldom frequented pl;
crowed to its capacity, Judge Char
r. Amidon stationed bailiffs at ey,
door. refusing admittance to all /
cept witnesses or jurors.
AT the close of the first days bat
with imprisonment In the federal pc
tertiary or the liberty Of a. man
stake Asst. II. s. Atty. w. I'll. Barn
ffSfu ff,Ye 1a,tfT, sfbf rarors.