Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-02-05

Q. You may do -. A. You askedSif
j. had any contract and / stated I had
correspondence and my attorney adj
vlses me that that would sbe consider
ed as a contract and I would like to
submit that at this time.
g. 1t Is your desire to have that cor.
respondence read into theSrecord? A.
Yes %& - 4
The several letters and kilograms
were entered as exhibits. \
Mr.. Lemke: Mr.. Murphy, may I sug-
gest at this time that these letters be
copied into the record?
Copied Into Records.
The letters and kilograms were
copied into the records,
here over to the bank where these
records are kept? A. Now il the COM
mittee please
Q. Now, couldn't 1 have an answer,
please?
Mr.. Chairman to MI. Cathro: An
swer the question please, III
= A. I have, been q very willing wit
ness. I think. I have used my utmost
e%ndeavors to try to furnish you the
information you desire and to do so,
with the least possible friction or de-
lay. I have tried to be and I know I
have been courteous all through these
proceedings. I wish the committee
could realize h import Of the ques-
ton you are asking. The banks
throughout the stAte are built on con-
fidence. II you destroy that confidence,
Now, u efforts at all times through
these several months last past have
been to sustain confidence in these
banks. If you start in on one PROPOSE
ton, o open up the whole PROPOSE
lion and / believe you fail to realize
the seriousness Of this proposition at
this time. That is about the only thing
in the Bank Of North Dakota that
ought to be kept especially confiden-
tial. We tried to give all the informa-
ton we can as it was asked for from,
time to time along all other lines
where business is not n the same way
based on confidence and confidential
relations. It is not the matter of tho
confidential relation Of the Bank OF
North Dakota with those banks SO
much as the confidential relations OF
their business. How long would any
bank last in North Dakota, for in
stance, that receives one-lalf or one
tenth Of the attacks the Bank of North
Dakota has? The Bank OF North Da-
kota has paid out over $4,000, 00o
more in the last nine months than il
has received.
Q. Now just one moment. / am per.
fectly Wiling to extend any courtesy
to you, but I suggest it is unfair TO,
you to com in here now and cover
the entire policy Of the bank in ex.
PLANTATION of why you will not produce
the exhibits we have asked you for
A. l insist that I ought to have the
privilege of presenting the matter tt
the committee.
@. If you will limit yourself to the
precise things before you, 1 think
perhaps, we are willing, but we dom
wantAo W the whole policy OF thu
bank on this question. A. AS / under
stand, l am only covering one poin
and that is the attacks on the conf
dence of the bank.
@. Well, ! think you have covered
that now. Now YOU understand tina
this is a committee Of the house o
representatives inquiring into a pub
lie institution and its affairs. And tn
only thing that I have asked you, a
indicated by the question, is as to tn
account of the bank in Fargo and. tn
other banks to carry out and demon
strate the policy which you nave stat
ed this morning was the policy of tn
bank under your control.
A.. l am trying to get to the commit
tee h fact thai the matter Of taking
in one bank opens up all banks an,
that is q very serious thing to do. Nov
If I have failed to impress the com
mittee with the Importance of m,
presentation on that matter, I have a
least done the proper thing in bringin
it to their attention.
Did His Best.
d. @. You did the best you could any
how. A. 1 a the committee to TN
: derstand the seriousness Of this situa
: ton Now Jas toe any one particula
bank that makes no difference to m
: individually or to the Bank Of Mort
Dakota. j.,
@. I understand that. A. But tn
whole program is opened UP, and If
a have got this thoroughly impressc
upon the. committee, that is the poir
: l am trying to make right now.