The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1918-02-16

a. les. sir
q. And you, Mr.. Townley. are a
director Of the League Exchange?
A Yes, sir.
Q. At the last hearing you over
looked that factg
a. I had forgotten that I had any
stock in IL
q. That concern Is capitalized at
one million doIiars2
A Yes sir.
Q. Where was that incorporated?
A North Dakota
4 q. What was the capitalization Of
the Consumers United Stores Co?
A. 100000
q. And that was organized and
Incorporated in North Dakota
| Q, And what was the capitalfua-
ton Of the L. :. Guaranty Co?
A. A million dollars
/ q Where was that incorporated:
| A. Minnesota
q. Have you any stock in the
Consumers United Stores Cot
A. No. sir.
i Q. Have You any stock in the
U. s. Guaranty Co?
4 A No. sir.
Q. Anybody carrying any for
1 yous
A. No. sir.
=. Have you any understanding
4 directly or indirectly with any per
| son, or persons. that YOU are in the
4 future TO receive any stock or 9th
er interest in these concerns?
a. No. sir.
q. None. whatever
A. No. sir.
Q. And that is true with respect.
to all these organizations?
Q. And including the Nonpartisan.
Publishing Co. or Nonpartisan
4, The NOnpartisan Publishing
Q. Before we go any further 4
want 10 clear up a point. Your testi-
mony at the last hearing, as l recall
il. with respect TO the NonpartiSan
Publishing Co, was that this con-
Germ was a o-partnership?
9. Consisting OF Mr.. E. F. Wood
and Mr.. A. ]. Fox?
A. Yes, sir.
Q. And that that concern owned
the Nonpartisan Leader?
q. And The Courier-NswsT
A. les ST.
Q. Now do YOU not know as a.
matter OF fact that The Courier
News is a corporation and that the
Nonpartisan Publishing company
does not own or hold any stock in
that corporation?
A. The Nonpartisan Publishing
company advanced theamoney to BUY
the stock.
Q. I am not asking you that.
A. 1 don't know that the Nom
partisan Publishing company does
not own the stock.
q. Don't you know that the
sworn statements Of The courier
News on file in the capitol, in April,
1917, and in october, 1916 are 70!
the effect that that concern is al
CORPORATION and shows the names
OF the holders Of stock, over one per
cent Of the stock, and that the Non
partisan Publishing company Is not
shown as either a stockholder or
bond holder? Don't you know that
TO be a fact?
A. No. 1 don't know II to be a
fact, though it may be fact.
@. So when YOU testihed the last
time that the Nonpartisan Publish
ing company owned and controlled
those two papers and that YOU were
naid a hundred dollars a month for
directing the policy of those papers,
You were mistaken. weren't you?
A. il you are correct, was.
q. Who pays that 800 month";
A. / get it from the publishing
company.
q. From the Nonpartisan Pub
fishing company?
A. Yes. sir.
Q. So you claim ss I understand
YOU, that you don't know what the
facts are with reference to that
Courier News?
"A. wen. I don't know the details
in the matter, know in effect the
Publishing company owns The
Courier News.
Q. In effect they do?
A. Yes.
q. And the fact is that despite
the sworn statement made by that
officer that back Of 1t all lies a real
ownership vested in these two men,
Mr. Wood and Mr.. Fox?
A. Yes.
o. So that the sworn statement
does not represent the true situa-
ton as 1t actually exists? Is that
the fact?
A. Yes.
q. You know as a matter Of fact
that Mr.. Wood and Mr.. Fox own
that paper through their partner
ship?
A. I know as matter of fact
that the Nonpartisan Publishing
company advanced the money 70
buy that paper and that they do
own The Courfer-News stock. Any
temporary arrangements, I don't
know about.
q. Let us consider the Nonparti- !
san Publishing Co. for a moment, or
let us start back further the OF
fees Of the National NOnparusan
league are kept at st. Paul?
Q. That is where your Office is
and where the ONCE Of Mr.. Reyes
the cashier, is?
A. Yes.
Q. He is the cashier, isn't he?
q. He has an once right there
adjoining you, in the same build
<. Yes. SIR.
q. And the business affairs, the
financial affairs OF the league, are
conducted through that office down
there?
A. Yes. sir.
@. In st. Paul?
A. Yes. SIR |.
Q. That is in the Gilfellan block?
A. Yes, sir, YOU are correct.
q. And the books Of the Nation
al Nonpartisan league are kept
there?
A. Yes. SIR.
q. And in fact, all OF the books,
with reference to the affairs or the
league, National or
otherwise. are kept there at st.
Paul? And the financial operations
are directed from there?
"A. Yes, s-r.
O. And ell the checks that are
-. -. nIn.r,aa L.. rsnrtraalf AL