Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-03-02

CAthro and Townley, who did Hagen
GENERALLY talk to. you or 'Cathro. II
you know.
He used to call us both. I remember
one occasion that he called me
you?
A. Il was just before the New
Year Of 1s2o-the latter part of 1919,
I think 1t was the last day az 1919.
@, That was after the raid" on
the Observation-Disclosures Bank, 30.
called? A. Oh yes.
y, 9. Now, after the time Of Mr..
hangers so-called RAID on the Scan
dinavian-American bank and up to
personal knowledge of the condition
OF the Observation-Disclosures Bank ?
A.. No sir.
Statement Made Up
Q. Was there any talk in the
bank among the officers and peo-
pie engaged in the Bank Of North
Dakota rs to the amount Of
money that the Rank of North
Dakota was sending to the Scan.
dnAvtan-American Bank. A. Mr..
snyder, the transit manager, came
10 me several times and he said.
i."that Scandinavian AneracA6
hank is getttng entirely too much
money. Mr.. Waters. 1t looks dam
Gerous to me-"
g: And what did you DO about
A. Well, I said, eddie, I wish
you would make me mp 4 state
nnent SO I will know just what
they have got" And l.. said
make It up tomorrow or next
H. hRV0 ANA he A~AA SSH I'm 49,.
back after supper tonight and
make that statement for you"
And he did and gave IL to me the
next morning.
Q. And that showed you what
tho condition was? :,
A. Yes, sir.
Q. What did you do about it?
A. ! did q lot OF worrying.
it? A. Yes, sir.
@. Who did you talk to about it?
A. I talked to Mr. Cathro and Mr..
McAneney.
Notes From Fargo
j. 9: Well, we had some testimony
in this record about a bunch Of notes
that were e n up from Fargo2
A.. Yes, sir. +.
@. When did that occur?, A.That
occurred, around the early part of
September, in 1919.
@. That was before the so-called
"raid"? A.. Yes, sir. r.
@. Do you remember the occasion
OF those being brought up to the
bank? A. I do.
Q. Do you know how they got
A. Not positively, but I assume
they were sent thru the mail, because
Mr.. Cathro told me he had received
them and I assumed they were mailed
up to him.
b A. MI. Cathro brought them into
my Office and laid them on my desk.
.. Q. What did he say. il you remem
A. He said. Here is a bunch of
notes that the Observation-Disclosures
Bank sent up for ~rediscount." I. =
And he said. 81 am inclined to take
the most Of these on" He said, "You
with the makers Of some of this pa
per than.I am, and I wish you would
go over 1t and tell me what you think
about it."
@. Did you go over it and tell him
what you thought about it? A. I did.
What He Thought OF Notes
A. I will have to demonstrate.
I took the pile Of notes like this
(indicattng) and I put\ one pile
here and pile there and 30 on
until I had sorted them ont. And
I said, ''N0w, that pile (indicat-.
tng) I wouldn't have i'm the Bank
. under any consideration. This
smaller pile I am assuming Is
good, because I do not know u
single name ON that paper"
q. Well, which one Of the
Ptle wa larger, the n you didn't
know or the one which you did
know? A. The one I did know.
O.. The one you did know was
the big pile? A. Yes, sir.
Q. Can you give us some idea
what the names were in that pileE,
A. Yes, sar, there was Tom Pow.
ers, George McGregor, Fred Mil. ;
Ter. William Lcmke,-
@. Any accommodation notes.
Consumers United Stores COMPANY
or matters Of that sort? 81.
A.. Yes, sir, Consumers United
Stores company, and League Ex.
change.
Cathro Thought 1t O. X.
/. @. Well, what did Cathro say about
it when you told him that? A. Well
he said he thought the League Ex-
change and Consumers Stores paper
and Mr.. Lemke's paper were good. We
didn't have any heated argument, just
q friendly argument about the class
Of paper.
He thought that paper was good,
you say? -
A. Yes, sir. Z.
Q. And he so indicated by thi.
talk?
A. Yes, sir.
Q. Well, what did you do then?
A. Well, I took the stand that aside
from theFfact, even If we granted thai
this paper was good. that it was po'
litical paper and it had no business ir
the Bank OF North Dakota.
g. Mr.. Cathro took it out then. die
nc!
A. No. the paper was left on m,
desk at that time.
Showed 1t To Brinton.
G.: Did you talk to anybody else
that day about it? Y
A. Yes; SIR, I talked to ]. w. Brin'
ton about 1t at noon.
+ Q. And what conversation did -yo,
have with Brinton about it?
A. Well, I saw Mr.. Brinton at tn
Mckenzie Hotel and I was pretty sor'
70 think tnaE tney were trying 70 rul
this league paper into the Bank o
planned very bitterly to Mr.. BrintoI
about It and he walked down to tn
bank with me and ! showed him tn
paper and made a list of some Of 1t TO
him 50 he could go to MI. A. c. Town
ley and take the matter up with him
Gave BFinton List.
q. You gave him a. list?
A. Not, all Of the paper, just a par
l2Rf -