Bismarck daily tribune., 1915-12-08
Johnson's for Ready-to-Wear
BANK OFFICIALS
UNDER ARREST
Casselton Men Charged With
Wrecking First National; Pro-
test Innocence.

Fargo, Dec. 7.-Charging false en-
tries in the books and embezZlement
of funds, United States Marshalls
Doyle and Cameron yesterday after.
noon placed under arrest R. C. Kittel,
former president of the First National
bank Of Casselton, and w. +. Kittel,
cashier, in connection with the 'os-
ing of the doors ? of that institution
yesterday and which has practically
hit everybody" as report from that
city last night indicated.
Both Waived Examination.
Both men waived preliminary ex.
animation before United States Com.
missioner "A. W. Cupler late yester.
day afternoon and were released on
bail bonds aggregating >15,O0O. r. c..
Kittel whose bond was fixed at $1O,-
600, and W. tttel, at $1,000, had
Us their. bondsme6 6s~Frank Lynch of
Casselton; and George Fowler of Far
sgo.S The Kittels returned to Cassel.
ton last night. fs f. 4.
u ! 4; -sszS <itteIs bented Charge.
W II. C.iKttel a1dtWs F. Kittel, before
leaving Fargo, made emphatic de.
malls Of the charges preferred against
them, and said they were returning to
Casselton to assist National Bank Elk.
aminer Anheier to adjust the books
and to "assist in the reorganization of
the bank 1t was stated here that
the directors of the defunct bank are
wealthy and intend to go to the sup
port of the falling ship and that the
closing might be only temporary.
Sensational Developments Promised.
Sensational developments are prom
ised in connection with the closing, it
was stated last evening. A report
from Casselton at midnight stated
that everybody was hit and every
body was wild" Efforts to learn the
amount of the shortage, brought no
tangible figures and the report that it
would be close to $20O,OO0 was declar.
ed to be "all bosh" by G. R. Kittel.
SpecuIations H. Lands. s5cb
1t was said that the bank had in.
terests in the Northern Trading COM
pany of Casselton and Fargo, and one
cause for closing was that large sums
had been made to this, company, in
which X. C.. Kittel, former president
of the defunct bank, and Cashier W.
F.. kittel, each have big interests. The
company handles considerable land in
the vicinity of the north central part
of the state, especially in McHenry
county.
Bank Capitalized at $4,000.
The First National bank of Cassel.
ton, was capitalized at $4,000 and
according to the recent bank state.
ment issued the deposits amounted to
somewhere in the neighborhood of
100000. 1t was said yesterday that
farmers having funds in the banh
walked the streets of Casselton in a
frenzy Of excitement and that toward
night when the story Of the closing
reached the rural communities, the
town was filled with farmers and that
the talk OF the night was what the &.
stitution would pay on the dollar.
Many of the laborers in this section
Of the state, had deposited their earn
ings during the fall in the bank. and
it was said, had cashier checks ami
drafts.
Hildreth Filed Complaint.
Complaints against Cashier w. F.
Kittel and r. C. Kittel were filed by
United States District Attorney Hill
dreth of this city, before United States
Commissioner A. w. Cupler. before
whom the men were given their pre-
liminary examination and released on
bail bonds.
kitteI Disposed Of Interests.
F.. C. Kittel in a conversation with
The Courier.News last night stated
that he sold out his interests in the
First National bank of Casselton about
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