The Bowbells tribune. [volume] (Bowbells, Ward Co., N.D.) 1899-1969, 1921-09-16

/, ten per cent for the very money
which they were entitled to get on
their warrants, IN other words, the
money which the banks should have
paid out on checks issued for war
rants they are withholding and
compelling the warrant holder to
pay ten per cent to- tide them over.
ii ID, to say the least, an unfortun-
ate condition of affairs, but the
blame should be placed where ii
belongs. Three days before the old
/ County Treasurer went out Of office
several OF the bankers or Burke
County jollrneyed to Bowbells, and
they had In their pockets blank GER
tificates Of deposit When they got
Ito Bowbells they issued certificates
|of deposit In the sum of I65 900,
This money was all sufficient to pay
any and all warrants as they fell
due
Judge Nuessle OF q the District
Court at Bismarck has held that
such certificates az deposit are ab.
solutely void, and In stcontempla-
tion OF law the sums represented
by the said certificates OF deposit,
stand In the same position and sta.
tute legally as il the said certificates
OF deposit had not been issued. and
In the eyes Of the law the charac,
ter OF the said fund Is above re-.
ferred to and the right OF tfle treas
urer OF Burleigh County to issue
checks on the Ba NIX OF North Da.
:kota against such funds has no,
been changed. by reason of the said
device and subterfdge. rs This Ii
the language Of Judge Nuessie. 81 II
Is plain and unambis suOus, ~
Judge Lowe has held the same
thing. Under the decision OF boti
Judge Nuessle and Judge Lowe
there il plenty OF money to meet
the checks that have been issued
in payment OF warrants Yolll
check Is not an exception. There
being money In the banks and III
| the varions funds tt Is the duty 81
the County Treasurer to issue
lchecks for outstanding registered
warrants, In order to stop the run
ming OF interest.
At any time any OF the bankers
OlS$RtAAs sAQ slOMAANy wv AOsgsuftv0%s sI00ACQ
these void certifcates OF deposit
want then, they can have them and
same are now AIT the disposal 81
Lawrence Larsen, the old County
Treasurer OF Burke County, and biz
has been ordered, by the Distric,
Court to take such certificates o1
deposit and surrender them to the
bank issuing same and have the
money placed to the credit OF b the
County on general checking account
The banks have also been ordered
Ito place this money on general
checking account. All they have
to do Is to comply with the order
OF the District Court. We are
simply following the order as sci
forth in the perelntory writ Of man.
damus issued by the court.
4 know that ordinarily we would
not expect the banker to go te
BoWbells and deliver the money fol
and obtain the certificates OF de-
posit, but the county treasurer can:
not be criticized for being some
what cautious in his dealings witt
the banks that have issued those
C-D's, One bank IN the County oul
of funds on deposit paid itself about
fourteen thousand dollars Withou
any check from the County Treas
urer, III other words, such bank
assumed the anti aority OF appropriat
ling this money to its own ,lse with
ont authority One bank had ONT
lOS those C-Dss coming due July 1st
III 49, III ,.rs n j, ~ -, 10 u