Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-02-22
Thatcher Testi6es
Regarding Note To
The Sisal Trust

}.smarrE. X. D.. Feb. a3.-The fol-
loving testimony relates to he Sisal
trust note:
February 81. 1921.
.rhr meeting was called to order ny
Tie chairman at, $3.50 a. M. with all
members present. except Johnson OF
steele. Void ard Hanson.
Minutes Of previous meeting read
asa approved.
Mr.. Murphy: Mr.. Chairman. have
4 l1t.rr addressed to me from the 81.
Johns State bank. 1t appears that Ger
ain testimony was given in this pro-
.radinw in reference to the certificates
of deposit hold in thu Scandinavian
yAmnrican bank Of Fargo issued by the
S;. ,i,hn's bank. That bank became in
.1iynr, and closed and since that q
reN slanN has bcen opened called the
Ss, ,jtutu's STATE hank. and the people
M there feel tllut an injustice has
bMenj,lrrr thcm BY reason Of the testl-
,nory tina, am out here. That is, we
haAcn'l made il elem that they are
no different banks. Mr.. Charles ~.
yerr,.y. the cashier Of that bank, Is
nrrsorallv known 70 me to be one or
IA finest mon in the state OF North
Dakota. without any question, INC he
f,els that a reflection has been made
uno, him by the reference made to the
fnr,ucr cashier. and would like to have
10 matter cleared up. Sc l make this
| statement now to tho committee.
AIr Chairman: The confusion has
h,S, caused by the similarity OF names
nAwe,u the new and old oahk:
Cir. Murphy: Yes. .;+
Al ". Thatcher. rcca!lea as d VIZ
ness. and testified as 1olio"s:
iQ..Mr. Thatcher, when TINS commit
49,. adjourned Saturday. l directed
- ,,rI, T. je -,xS,Y,, nc fIc
seal 'rrus, luan in the Scandinavian
B \n.ricau bank and asked you to think
,ho,it i, over Sunday SO tina you might
! .acau if possible. just what transpir-
ni viii. reference TO taking care Of
,}at Loan, Vow YOU say in your supple
,,sn.., REPORT. which. is Committees
whit; A.. This: 'Tlhe Sisai Trust !oa,
* shonu az outstanding and unpaid il,
] ,,,e nnarcill statement that is submit
lca. These parties nave at just ms
hdHIy his report is being made paid
l nal. n"lcs III full. s1!.900o
! "a Yes sir.
! q Now when you said that to the
,nrcn,e court, what did you mean?
-" meant this: that the item had
\ ,encrtcd.to me by Mr.. Lofthus as
I. Spaid.
i about ,i,e mc'hod ~ manner OF Ia
,ay,rtrt personally?
Al lie kncw.
\ The only thing | knew. Mr.
I urwrnb> was this: that the only time
N ,rnr company had anything to DO viii
i TX rasI, was at the time OF counting
IN an VIC went into the bank to make
"a investigation. From. that time OF
- a" of our company had anything tt
1nttwitb handling the cash. so far as
' .,ow never handled any cash. never
>nnoivrd any. never receipted for any
y,c,.pr deposited any. And I took
" pth, matter Of these payments
OK the state examiners record Tor IL
INFLAMMATION furnished to me.
IA You v heard n discussion
I'll about the fact that this thing
Yas paid BY. check
\ q You didn't?
n f<tNo sill.
Z We'll. now. how comes. it the1
~ you testified before the senate
ON some discussion about "a checl
%as H. nrinton had given in settle
tEat W his note. the Sisal Trust note
mem, know who talked to me abou
"on ,.ther Mr.. Lenke or Mr.. Loft
Il, whe'"eA
hus.' thought your question meant
20 the talk Of Mr.. Brinton In m!
presence. 1904 +he oueStion. Mr.. Ae
porter re You never heard ans, discus
III !. al about the fact that thi
" s3on tyas paid by dhcck?,'
fthlne y hoard discussion but not il
ur. Brinton's presence' 70.
j.. NOW you are changing your ties
9. Tier you get caught?
timons No / misunderstood your cues