Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-12-01
COOP P'|ER Il
PLEDGED Fl b h B.
Nd. BANK EIlS!
Will Aid Bank Of North D.
kota in Carrying Out
Laws. ssss sss
Farmers Are Invited Is Join
In Effort to Bring
I. Relief.

= AA SS5 Ia )SNs AAN SNS-$ASssN1-
council or the North Dakota STATE STATE I
BANKERS ASSOCIATION, sarter2 an eignsr gel1s
nour session, last night pledged every
co-operation with mo Hank or
Y.
80 ~ : .s.us ~ ~ = ~
Trims ana otner inu1Ylduals 70 Aorlne
financial relief to the state.
Resolutions =, s.od ,ro,;do. N
.5gs
a. CunsIe@ss @ IN uFken 70 takc
insse1Iate . steVs 10 IcstOre ial ~.
anu cqn.taD:c nr1ce, LOT gram ana
..,..n,, '.n,at ~ cllnauns as ING ss n
Tn,a.1s.,'as uLs s'..u aI lA 1 pfsScHlt.s e1sll
that tf,e In.n..rs. 49,.
xviil assist t,,. indns,,.,aI s,,,,.rn;s.sls !
sion in every nfss;hIc way.1 T1nrg
industrial c1amn,ission fdirccfa tn, M
Bank Of North Dakota. - =.
That tho assorinfion ,,,,ilI reiye Atsa
The RanL Of EnrfI II. Eota fp,ssS
hcartiest co-operatIon II, carrxfney q
ont fhe provisions n the initisfeT ! T
laws. 4 - 1T'5sg9' - - w
That the association rnn,,f.afa XII
pnbjjt. trcasurrrs ar TIE size IN rli.ss ~
withdraw:fr tho BANK of Nnrti, rs
Dakota ot,ly ncressaryi 'fnnds n,,d
thai sinkinr finds hr icft. viii, tl,r
hank OF North Dakota for a icast siy
Ola siO1"s' &
Committee Named.
F. T. weiser nresident .of tho Eir.+
National Bank Of Fargo: Ed Pierce : 81
sheldon q S Hanson ~ 6.r.nd Enrks
HP Recku,ith If Irar>o End IDsf-T Il.
Ea rly Of Valley City were selected q Z
a com nnittea ~ can+;n,,a ronstr,,ct;re e
,vorL for tl,e fina nc;aI raI;of cf Nnrt+
naLo,a -, e - =. ~
,r,,s. az TO- - q, !.
~ Ia. lns .s po1ars susPsnsion n. nn
: panks IN the state since. November l
10 uoes nol l'solsr sIeat SUI 49, 49,
"a TACT orousnt on. oy soankers yester-
daH. ne iarsest DanK 10 CLOSE nad .
900 canitol. two had sso. 400 canital
and all liof the rest were capitalized at
10000 or $4,000. The total capital ol
ali banks combined rs approxI,iiure. I;
only $4,000. while total depositsi in
the banks at the time Of the recent
report were 1851 900. Most OF the
| banks, according to bankers, are sol
vert and the depos.tors have the fur
! ther state guaranty OF depoatts.
: The bankers executive council found
! tlia t.. the present financial aituattnR iS
North Dakota was brought about BIS
abnormal world cond iti1ne. dantprail
4 zation OF grain and i've stock price.
! ana heavy imports 4 rom Sanada
4, EATm lH0n (H61Nn0 nY0Q.
Z, frh. f.rr, 1o,r ,o,,n.,i.. =, Is.
Tu,in cities that ha -. fnr rear. f;,,, -.
/ ed the farm loan. business AZ iNortl
i Dakota and which were said to shay,
| withdrawn when the new political at,t
industrial program was started. ant
such legislation passed as the sect
grain act, taxation Of foreign credit'
and the law requiring. the deEoett %
all public funds in the Bank OF Nortl
Dakota, have given the bankers asso
Sciauon OF North Dakota assurance
that they would re-enter the field. A, q.
have sent such instructions to thei
4 agents in the state.
M.ss.o. r., =. 49,, a.. ei :,
s.'I :. 80, :. -. -. .
me Norm Dakota bankers associa
tlon e4tenoeu an oI1er 70 tne IaIHeI Lnlt
I ol the state, IN SESSION u, neEe, sp q ~
benefit or conoltlons. a
Eeso;utlon presentea ed g the iarm Tn
ers ~ eecre.ary suacr !. .t.'' aooen zen ol3 =
e1setsss ..ra ny soane Ts,.es, yr,, \.
c:roHers' t:,. Assnciation.. '>.' J. 80
..rhe eraci,tive council of the Norf
DaEota Ean,sers.I Assoc:a son. in Tea,,
tends ter hsIsre greetinss to ali those in attend