The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1910-06-25

klted' about the state and new ac-
counts opened with banks and bal
ances increased with others to
strengthen the stalwart movement.
To illustrates: The republican state
convention was held at Minot on May
16, 1908; on that date Robert Glen
denning, president Of the Merchants
National bank Of Wimbledon, was a
stalwart aspirant for state treasurer.
| Immediately after this date Mr.. Glen
denning withdrew from the face, and
on May Fl, 1908, just five days after
| the convention, the Merchants Ma
tional bank of Wimbledon was given
a state deposit of $4,000 as per the
checks itemized below.
| Check No. 1888, dated May 81, 1908,
for $4,000 to Merchants National bank
on State bank of Lisbon.
Check No. 1889, date May 81, 1908.
for $4,000 to Merchants National bank
| on Citizens State bank, Langdon.
Check No. 1260O, dated May 81, 1908,
for $4,000 to Merchants National bank
on First National bank Minnewaukaa
Check No. 1901, dated May 81, 1908,
| for $4,000 to Merchants National bank
| on Farmers and Merchants bank,
| Jamestown.
Check No. 1902, dated May 81,
1908, for $4,000 to Merchants National
bank on James River National bank,
jamestown.
Check No. 1908, dated May 81 1908
for $4,000 to Merchants National bank
on Second National Dank. Minor.
Check No. 1904, dated May 81, 1908,
for $4,000 to Merchants National bank
on First National bank, Steele.
This made a total deposit Of $22,-
679.75, and under the law this bank
was entitled to but $4,000. 1t is also
well to note that on this date the
state held a bond for only $4,000 to
protect this excessive deposit.
H. l.. Holmes, state auditor from
1903 to 1908, inclusive, is president of
the Bathgate State bank This bank
had capital and surplus Of $4,000
and on the dates hereinafter mention
ed, and according to article of the
Revised Codes of 1905, was entitled to
deposit of $500. On May 1, 1906,
the Bathgate State bank had s45. 791 go
of state money; May Z, 1907 $36,874.2U.
and March rs, 1908, $42,134.96. The
average balance for the years 1906-07-
O8 was about $4,000, double the
amount allowed by law and during the
entire time the state held one bond of
$40, 600.
Thos. F. McCabe president of the
Foster county State bank of Caring
ton, was attorney general of this state
for the years 1907 and 1908. The above
named bank has a capital and surplus
of $4,000, therefore under the law is
entitled to $4,000 Of state money. We
find from the records that this bank
had $33,446.01 of state money on Nav
Fl, 1907, and that the state had an
average balance of over $4,000 with
the bank from March to September in
elusive. During this period the state
was protected by bond of $4,000,
and the average balance for the en-
tire years 1907 and 1908 was in excess
of the bond and the amount allowed by
law.
Senator P. J. McCumber is one of
the stockholders of the Citizens Ma
tional bank of Wahpeton and this in
stitution appears to be another favor
lite, for we find balances as follows:
May l, 1905 .................$ 44, 240.03
Feo. Ii, 1907 ................. 29,156.95
April "a, 1907 ................. 51,962.17
Dec. 20, 1907 .................5 3,979.41
Three of the above balances at least
were in excess of the amount allowed
by law and as they had on file per-
sonal bond for 100000 the last two
amounts are also in excess of the
amount allowed under the bond.
G. B. Little, the defeated Mckenzie
candidate for United States senator, is
president Of the First National bank
Of Bismarck, which has qualified for
$4,000 of state money for the last six
years, and we find balances as fol-
lows: E
nriI O tong e11o 90 IN