The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1911-06-06

would not be needed next year, but
dissatisfaction with the methods he
employed In conducting the business
Of the Office.
'ocsA No Suspicion Of Integrity.
xnsere was no suspicion of his in
tx 3 DR.. Vincent said. "1t was
istratih4 and efficiency In the Office. u
Prof. James Paige Of the college of
law, chairman of the finance commit
tee OF the athletic board Of control,
last night denied the report that the
accounts OF the association had not
been checked for more than a year.
He also asserted his confidence in
Rren, Saying that his dealings with
him as treasurer for the athletic as
sociation had always been satisfac-
tory. "A decision Of the supreme
court holds that the regents Of the
university have title to the funds of
the association and the university
cashier is also treasurer of the as
sociation," he said. "Mr. Bren is un-
der a bond to the association for S10.-
600. which was renewed MAY 8. I
have no reason to believe that the
accounts have been juggletf Eince they
were examined by accountants last
February. This morning I shall stop
payment Of the certificates deposited
In the banks, and accountants will
90 over the books and funds.
Statement Of Accountants.
The following extract from the re-
port Of Marwiok, Mitchell & Co., &C.
countants, fled February IL, 1911,
shows the status Of accounts at that
time:
II I'VE have examined the accounts OF
the treasurer OF the University on
Minnesota Athletic association for
the year ending February IL, 1911,
and submit herewith q statement of
his receipts and disbursements. The
stubs OF the receipt book were ex-
amined and found to support the re-
ceipts entered In the cash books. The
disbursements, apart from the sal
aries. were supported with few excep-
tions by vouchers approved by Mr..
Harding and Mr.. Leach. A few
vouchers bore the approval Of only
one man.
"The balance in hand of $42,257. 81
is made up Of $37,905.73 invested in
deposit notes of local banks which
we have verified, and $4,351.94 on
current accounts with the Security
National bank, which same We have
reconciled with their statement OF
February 8, 1911"
Investments by Bren.
Investigation Of a rumor current
yesterday that Bren had recently
purchased $1,000 worth of stock in o
development company elected the in
formation from Dr.. Murdock that
four or five years ago, Bren purchas-
ed number Of shares in the Tabasco
Plantation company, operating q
sugar plantation in Mexico. Dr.
Murdock did not know the amount OF
stock, except that he said that Bren
had been making monthly payments
Of $50 or $40 from money derived
from rentals.
Inquiry of H. w. Wieckling, treas
urer Of the company. developed the
fact that Bren did own stock in the
company, purchased four or five
years ago. Wieckling thought the
amount was $500. or FIVE shares. but
was not positive. Paying at the COM
pany's rate Of IS per share per
month, Bren would have paid in four
years approximately $1,000. II he
had made any purchase recently,
Wieckling said, Bren had bought in
the open market. This DR.. Murdock
denied. >.
Overdraft Not Bren's.
That there Is absolutely no con-
nection between the deficits which
the university officials admit exist
and the Bren case was stated au-
thoritatively by both President Vim
cent and B. f. Nelson, q member of
the board Of regents, last night.
"As far as know, cannot see
that this question Of an overdraft has
any bearing on tho Brep case" DR..
Vincent said. "The public examin-
ers will 60 over the books, and until
a report from them is received no
one is In a position to make definite
and positive statement as to the
amount involved. It is my opinion
that It will be between 100000 and
$4,000"
Certainly he is not responsible
for that" Nelson said, referring to
Bren and the deficit. 1--WE had some
money appropriated by the last leg
islature, but Il wasn't sufiicient. I
do not think that the present deficit
will run a much a. S6O,OOO."
Continued on Page 6.)
e e. i . 81 +. g q . a . g.. a III.