Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1915-02-25

@. The same Ia true Of the Calvin
IH. Campbell loan?
A. Yes, DIR.
Q. And the Robert P, Davis loan
A. Yes, sir. q. a8.A \ n
@. The Jake Jacobs loan?
A. Yes.
@. The James p. Mccoy loan?
"A. Yes, sir.
q. These men are all non-resi
A. Yes.
Import Them.
@. Did you import them into THE
state for the purpose Of selling LAM
to them?
"A. No, sir.
g. Did You have, any correspond.
ence or communications with them
prior toathe sale OF the land tn them!
A. No, ! never met any Of them
until about a month before.
~ All 'of these sales were con-
suminated on the same day?
n "a. I don't remember. ! am sure
not all of them: perhaps t'ust the
ones you have given.
O. II am referring to the sales tc
Lewelien, Campbell, JACOBS, Davis ana
Mccoy. .e
4. | don't 4 member now; the dates
there on the transfers will show.
@. You must have done a rushing
land business on that day, didn't you:
"A. I certainly had a jump.
9. What did you say the value
Of this Lewelfeh quarter, Sec. -. 154,
70 was?
A. l called it $4,ooo.oo at the time
I made the sale. That is a ccnser.
vatiye valuation for It.
q. You sold 1t for 100000?
A. Yes, ! did.
Q. And you took purchase money
mortgages back for the whole pnr.
chase price? r
A. Yes.
@. Nothing was paid down?
A. No. sir.
@. Did these purchasers, Mr.. Lee
wellen and the others, take possession
Of this land?
"A. Yes, sir.
@. They went out and established
their residence on the land?
a. No, / don't believe they did.
9. They took constructive posses
sion?
"A. When they got title they were in
possession.
Dodge Vital Question.
@. But you are, not ready to testi-
fy now whether Or not tile was trans
ferrsd by an u%nrecorded deed? a,
"a. I am asked not to answer that.
G. These, mortgages were all tax.
en- in the first instance 70 the Savings
Loan and Trust company. weren't
they? ID
"A. Yes, sir.
"a. They were assigned to the Saw.
inRs DEPOSIT bank on or about the LIST
day Of October, 1912? .s,sa
! A.. Yes, ! think that is true.
M Bangs, ! think that was the
aoth ot ~ November, Il ii Il
q. And the Savings Loan & Trust
company was given q credit in the
Savings Deposit bank for the aggr'ee.
gate amount Of these loans?e
a. Yes IN fsssttf 81
q. Then the paper that was put in
gave a credit of something like 3saa-
On6 m ? % 49, a}fts 4hbH
VA. II that is what the figures show
that Is correct. W.
"a. And then d check 'vwaaGs drawn on
this account Tor the paper ordered out
by Mr.. Knudscn, who al then the
state examiner?
A. Yes, IT. must have been.
@. That included notes aggteg eating
SIS $4,000 given by Grant S YOumans,
W. n. Youmans and the Savings Lean
& Trust company? i.
A. Yes.
9. And they, were also taken out
By THE proceeds OF the sals, " these
to the banKk'! s's" tttaa
'"A:.aN I don't know as ] couli say that
much came cut. 2lNEi l+ tl.
70. hut the credit was mule by the
'%rarsfer Of this s5?.ooo.oa to the
'ft.sas'tt ~"
A. Yes. sir.
O.: And out of the proceeds of this
transfer of this paper to the bank
here was taken out Other r",: estate
Ioans amounting to $1S.13S0o?
A. Yes, SIR.
@. Another fer $2.225.o0 was taken
out of the proceeds q. y the E transfer Of
his piper.
y Pursuant to the ordEr Of t.a
state examiner made soms,timn 2rioi?
~. Yes. sir.
q And the Peter Lucken notes of
: :.0no. % were also taken OUT
'A Pss}sasiSt Il the the order Of The
csEIa9 sfFF { anotber exanins
\ o:psAAfer nan sa 4 ,Ss22asmiiinia,'on
pa I I, q i R[sssf ' MAS,
W. raaefed SsnMrr. sclH,aab,rg
We / VS. { 'e si1' afsRs'''y sssn'RsE'
Hsye X6u ii it5Sf ! sssNss sssioa the
ofikihal tls'ttef SNsl4AeR WeMf: Knud-
" s 8 gssasSS|s3'ee ks to: 4'1s report Of
/. 81 Sl Sst ttsste' 9ofss' !
a: bEd .Voaaf we receive a letter