Jamestown weekly alert. [volume] (Jamestown, Stutsman County, D.T. [N.D.]) 1882-1925, 1921-03-03
Fargo banks condition.

i i'll 10 UdHN > COHuILIOu.
Thereupon Waters left the con-
ference, quoting his own statement
to the, governor as he departed.
well. governor" Waters said. III
anything happcp-s to the Scandina-
vian-American bank just remember
you cant say hat Jim Waters knew
about it and didn't come and tell
YOU"
From that incident Waters was
examined concerning the Hastings
affairs. He told the committee that
Hastings had informed him that he
didn't expect to sell the state bonds
through the regular channels. but
ito the bunch Of radicals" In New
York to whom Governor Frazier had
been talking, and Ito the men from
whom he (Hastings) got $4,000
for the league at about the time the
war was precipitated between Ger
many and the United States
Mr.. Sullivan: Well. tell US what
that conversation was.
Mr.. Waters: Well. Mr.. Hastings
and Townley were both here and
talked to me about--Iwill call him
Jack--about Jack going to New York
" ScIl DOIlub.
$4,000 Of German Money
Sullivan; Mr.. Townley and Mr..
Hastings?
a. Yes, sir.
Sullivan: Now continue the con-
versation.
\. And ] said to Mr.. Hastings, ]
have nothing to do with the sale OF
the bonds. Mr. Cathro handles the
bonds and any arrangements you
made with him of course will be sat
isfactory with me. But | said,
Jack, you are not going TO be able
to sell these bonds at this time thru
any of the regular channels or any
Of the regular bond houses because
ii is quite evident that they are not
going to buy these bonds" And he
said to me, ~ don't expect to sell
these bonds through the regular
channels" He said. Il am going
down there and place these bonds
with this bunch of radicals that Gov
ernor Frazier has been down there
talking to, and ! have a very good
friend down there. q Mr.. Podgen-
stecker, from whom we got $4,000
Of German money"
Waters: From whom we got $780,
900 Of German money.
Sullivan: When? ..
Waters: About the time we were
going into. war ss.t
p Sullivan: Lets get that straight,
Jim. He said that he was going
down to see this man Podpenstecker
from whom he had gotten $4,000?
Waters: That is what he told me.
Sullivan: Did he ever tell you that
he had seen .Podpenstecker?
Waters: Yes. sir. s-...5.
Sullivan: What did he say about
it?
Waters: Well. he said he was a
wealthy paper manufactures and
that he went down there at that
time the league was practically
broke, and met with bunch of
these people at IA dinner and gave
them talk on the aims and pur-
poses Of the Nonpartisan league, and
that they needed, financing and he
said that at this dinner there were
several that signified their willing
ness to give financial assistance but
that Mr.. Podgenstecker told them
to never mind, that he would attend
to that, and the next day he came TO
Mr.. Hastings hotel and they COM 4
pleted the arrangements and that
the money was sent to bank in st st.
Paul, believe it; was the American Il
Exchange hank. Mr.. Hastings told
me so much about it that can't rB-
member it all at this time.
Relxtions With Pollard
The witness just eutered the story Il
otshis stialshtp. with r Poilard. fcra \
Htefs purchasing sxAnt pf the M0Fff n
Dakota Hon sbuil ders gssoctat tf6n. .s:5 N
whom s hss einted i, but be had told 81
q continued 81 p,asgS ssss u, s;.s.s VI