Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-02-09

deposits C1imbed
This showed that the deposits
IL such hanks, gradually increascd
effOm Q little over o million dol.
lnka In November, 1919, to over
: Two mil1on in February. 1890, In
) GEeasing until on March 81, 1920,
= they hHA reached q peak of $780,
= 3SO,l4o!A0.
J IA gradual decline then began
until by the end Of june, 1870
y the deposits In correspondent
is banks had dropped to 1884, BOAST
- and by the time the audit OF the
- Hank OF North Dakota was made
In December, 1920. they were
= down aroand the half million
T. mark again.
Thesc, figures, practically sub
stAnttatc tho charges made by j.
W. Brinton at the time he had
his open split with the League
leaders MS to the amounts Of stntc
II money carried in banks outside
pof the state, which were at that
time denied.
Loans Past Due
= Some other interesting figures given
u Mr.. Johannsen in regard to the
Hank OF North Dakota showed that
. December 3 there was 81, 405,43S
= loans past due.
He also showed that on December
1890, the Interest and n per
moratorium on farm loans which
Vas past due amounted to $16.764
While the amount paid was only S12,-
S44.Ss.
"A large number of other figures
Were given by Mr.. J~ohannsen, ana
I$ad into the record.
H. A. Paddock Sec. Of the industrial
Commission, was called to the stand
&kain to testify to the loans and trans
fSrs made by the Bank of North Da-
Mbta to state industries under the
oder of the industrial commission
These were placed at $1.136,0o0 from
tie minutes Of the commission
These amounts were advanced on
demand promissory notes bearing in
t&rest at 6 per cent.
q HE also produced the minutes OF
tie Industrial commission, which
sbowed that on November 13, tho
commission put W. A.. Anderson In
dkarge of the Drake mill.
j. A. McGovern has no longer any
8nnection with the mill and elevator
association he said.
Brinton Called.
The following is the greater part OF
TIC testimony taken Tuesday when )
W. Brinton was called to the stand be
fore the house investigating commit
tee:
go J. W. Brfnton, having been called
as a witness, was sworn, and testified
us follows:
" Examination by Mr.. Sullivan:
q. Your name. is J. w. Brinton? A
It is.
$50. Are you the author Of this com
m%unication. Mr.. Brinton, dated Febru
airy 9TH, and which lis marked com
niittee.sc exhibit 80: A. Yes sir.
@: You are the ]. w. Brinton wh'
formerly lived at Beach in this state
A. Yes sir.
= Q.~What business were you engaged
in at Beach, Mr.. B%rinton? A. Publish
ing business.
Q. How long had you lived Q
Beach? A. Twelve years.
Q. In this communication to tn
committeeman so hat your attention
may besdfrected specifically to tn
facts so0nesrning which am about t
in~terf3ffSfe YOU. Z will read:
"IEaEIsahat ills my duty to give 70
the In sxttew Of theltestimony 9
r. WgssSaSsallEnexssiven on the witneaa
or daJ IN which he stated that ther
was no attempt at favoritism in tn
matter of the redeposits of publ
funds by the management of the Ban
CT North, Dakota. Mr.. Cathro mus
knew that the actual fact is that be
tween the opening Of the account wit
The Scandinavian American bank c
Fargo. which was on the 18th OF Jul!
1918. and the 26th Of August. 1919,
period of forty DAYS. the Bank c
North Dak6ta1caused to be deposite
in the Scandinavian American bank 6
Fargo a tosal...of 100000; that tn
Withdrawals HYnounted only to $S2.00
up to the 2Sthas,of September. 1911!
which left a balance, within a yer
short time after the opening of tn
bank of $~2Se.946.56 in a $4,000 IL
%s.itution."
Now, Mr.. Bri1ton. I would like