Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1919-12-27
PRESIDENT OF
HALSEY BANK TO
BE PROSECUTED
F. NJ. Rulings Agrees to Sub.
init to an Information and
Arranges $3.50
Bond.

BOND.
Lincoln, Dec. 26.-(Special Tele'
eram.)-F. N. Rulings Of Minneap.
oils, president of the closed state
bank OF Halsey, who reached here
today from Minnesota, left Friday
night in charge of County Attorney
Reisner for Thedford, county seat
OF Thomas county. The county at.
torlley said before leaving he would
on arriving at Thedford file an in
formation against Rulings charging
him with converting and embezzling
the banks funds. Mr.. Rulings, he
said, would submit to arrest and
proffer q bond OF $4,000 which he
obtained before leaving Minneap-
oils. The county attorney said he
had consented to this arrangement
and would offer no objection to the
release of the banker on bond.
Cashier E. N. Dion, who will ap-
pear as witness, also left for Thed-
ford.
Return From Trip.
The return to Lincoln of State
Bank Examiner Touzalin and
County Attorney F. A. Refs
her 5of Thoma. county from
their quest of funds to make
good the shortage in the Farm
crs' State Bank at Halsey, has
not developed anything which tends
to throw much new light on the
matter, except, according to those
investigators, the Hagerty COM
pany,t which appears to be behind
the whole matter, has spacious
quarters on the first floor of the
Metropolitan Life building in MINI
rcapolis, furnished with mahogany
furniture and other evidences Of
prosperity and that at least. part
of the missing funds of the 6Halsey'
hank went to help pay the rent of
the Offices. j.. ts/
"Jim" Had No Money. =.
After getting to Minneapolis, MIR.
Touzalin found il. necessary to make
trip to Bisnlark. N. D.. TO see
James Martin, manager of the Bark
of North Dakota, to see .if the
money, could not be raised there,
but "Jim," as hi; associates, called
him, had gone to Beach. The bank
examiner followed "Jim" to Bee Oh,
but found that Governor Frazier OF
that state and "Jim'. had gone to
some hot springs in Wyoming.
Touzalin then liked Back to Bis
mark and saw the auditor of the
North Dakota bank, who said that
he could not advance any money
because Jim" was away and money
was, scarce anyhow. They applied
to other banks in Bismark in hopes
to get a line on some money, hut
were unsuccessful. Later Hagerty,
who was with Touzalin, got in
touch with "Jim," but was told that
he had no money.
Bank Was Easy"
Notes among the papers in pos-s
session Of Secretary Hart of the
banking bureau disclose that the
Halssy bank was easy money" FOR
some of the gentlemen connected
with being responsible for the PRES
ent condition Of the bank. With oae
exception there is no security. The
exception is note for ST 400 given
by B. Vedeler, one OF the prime
movers in the whole scheme, who
gave an insurance policy on al
Oldsmobile roadster located in
Omaha. The others are as follows:
HaCertv $1,000. brother of
Hagerty, $1,000; H. J.. Hort 81
00o;. W. Fl. Rick, $4,000; Geo. W.
Kidings, $1,000; Earl Capron the
well, known former Minnesota quar-
terback, $500, and several other
notes running from $4,000 down to
$780,.
Rulings and Dion, the cashier. are
here and will return to Thomas
county with County Attorney Rei;-
ner and have given bond for 81 500.
Rulings "Pans" Reporters.
F. M. Rulings visited the Office
of the secretary OF the state bank
ing department Friday afternoon
with E. N. Dion, cashier OF the Hal
sey bank, and was interviewed by
the newspaper men. He seemed
rather inclined to pan" the report
ers because of the connection made
of the trouble the bank was in with
the Nonpartisan league. He denied
that the. Nonpartisan league had
any connection with the bank or
that Hagerty, Hastings, Jim"
Waters and the rest were Nonparti-
san leaguers.
He said that when the truth was
learned the officers of the Halsey
bank would have been found to be
more sinned against than shining in
that they had been put "in bad" by
publicity. He denied that Waters
was connected in any way with the
Nonpartisan league, but admitted
that he was president of the Bank |
of North Dakota, which was estab-
lished by the Nonpartisan league.
He, denied that he had any stock
in the Hagegty Qnc.) company.
but admitted that he had been act
ing 40 secretary-treasurer for sew
eral months
Secretary Hart of the banking
department said that Mr.. Rulings
had been able. to explain some
things, but Fin the main the state
ment as given out by the depart
ment embodied the facts so far as
the department. had been able to
determine.
C&roo} nor Eoro in I inrNln