Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1915-02-26
TRYS
ROBE
BANK LOANS
HOW LOANS WERE HANDLED
SHOWN IN YoUMAN's TEs-
T1MoNY UNDER CROSS Elk.
ANIMATION.

Attorney General Tries tc Estab-
lish Identity Of Certain Pat
| rons But Fails.
Attorney General Linde submitted
Grant Youmans, Minot banker and
author Of "Legalized Bank Robbery,
| 70 gruelling examination yester-
! day. The entire examination went
to show that Bank Examiner Severt-
son and former Bank Examiner
Knudtson gave Mr.. Youmans ample
time to charge off excessive loans.
AS early as August q, 1912, Mr..
Youmans was forced by Examiner
Knudson to charge off between $4,000
and s45, 900. But in lieu of the paper
taken out, Mr.. Youmans placed into
| the bank by assignment from his own
trust company certain mortgages on
real estate which the bank examiners
department held to be as worthless
as the ones charged off.
Alvin H. Campbell was one of the
! signers OF q $4,000 mortgage whose
! identity Mr.. Linde tried to establish.
did he live in Minot?' asked Mr..
Linde.
A. Yes, he lived in Minot.
Q. Had yCu known him for some
| time?
A. None of those boys (referring
to number of mortgage signers to
alleged excessive loans) did | know
| to exceed month.
@. Do you know where Mr.. Camp
bell is now?
A. | know his address.
O. What is his address?
| A. don't remember. Now in say
ing that, ] can get it by looking up
his address.
| Most Of the testimony was direct
ed to establish the nature OF the loans
/ objected ID. by -Severtson.
I Asked about certain piece sf land
Mr.. Yonmans said:
II saw the land when l made the
original loan. Went there between
IL and. ~ o'clock one moonlight
night and looked at this land. .s
@. Did you examine any of these
other lands in the moonlight?
A. That depends OH my condition,
whether / was drinking or not.
@. How did you get into commu-
nication with Mr.. Campbell for the
| sale of this land?
| A. don't remember.
@. Did you get out on the streets
| and get these fellows to come in and
buy this land?
Mr.. Bangs: Now, if the commit
tee please, | want at this time to
object to this style of examination,
| and this crOss.examinatiOn, because
it has absolutely nothing to do with
the banking department and simply
| drags the examination out
Mr. Linde: The purpose is to
show the valuation of the paper.
Mr.. Haroldson: Go on.
Mr.. Bangs: If this examination is
cution Of Mr.. Youman, will make no
more objection, but If we are to have
fair examination want to stay and
take part in it.
Mr.. Linde: ! will not go into these
other mortgages so much in detail.
Mr.. Haroldson: This question is
about the value of the land?
Mr.. Bangs: 1t is not about the value
of the land, and want to state that
want to stay and take part in this
examination if it is for the purpose Of
bringing out the facts and showing
whether or not this. banking board
and the examiner has acted in good
faith in connection with these tran
sactions, but don't want to be a
party and no man can possibly feel
that he ought to be a party to the
examination attempted by the state
examiners Office simply for the pur-
pose of continuing what we believe
is or has already been persecution.
Mr.. Haroldson: This committee will
guard against anything of that kind.
the details concerning the value of
these lands that were held as assets
of the bank when the examiner closed
the bank.
Mr.. Linde: The contention is that
there was $3.50, 100000 worth of fraud
ulent mortgages in the bank at the
time of the last examination, and the
examiner acted strictly within his
rights in closing the bank, and it is
also material for disproving the
charges of Mr.. Youman as to. the
motive Of Mr.. Severtson and others
in connection with the closing of the
banks. 1t is quite material to show
that these mortgages were fraudulent.
Mr.. Bangs: We did not touch these
things and we will concede for the
purposes Of this examination that the
mortgages were valueless.
Mr.. Linde: Will you also concede
they were fraudulent?
Mr.. Bangs: No.
@. Sometime prior to this last ex-
animation you advertised certain
lands for sale, did you not, Mr.. You
man?
A. Yes.
Q. And in the list of lands that you
Continued on Page Five.)