Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-02-14

nave read were notes, held by the
Bank OF North Dakota ION Dec. 8,
1920. as collateral t., the loan 81 the
Scandinavian American Bank Of Fsr-
so. are they mott
A. Yes,
@. Now look on Page SO and see
il you ca. ind whether or not the
gar of h Dako:a was holding
/, as coJlatt a loan or I:-l)s OF
the Scands American Bank of
Fargo. any - the st ,ck Of the Peo-
Plea Bank of Leith? A.. Certificate
Of Deposit. dated Nov. 10, 1919, duo
10, 1920, Peoples State 1sahk.
! hill, No. So. Frank ]. k.mscn, No. 81.
Adolph Teller, endorsed. by Scan6l-
ua<ian American Bant.. Fargo.
@. You haven't given us the
amounta--J.. I. Cahil.;?
A.. Il $48le.e1. Fr.snk T.. I;msch.
$4846.e0 and Adolph tzsller $4S4S.60
2; ! H .s much is the totalr \.
g. On the same page will you
please inve stigate and say whether.
or not the Bank of North Dakota
holds stock in the Ransom. County
Farmers Bank as collateral to the
loan OF the Scandinavian American.
sank OF Fargo. or certifica e, Of de-
pO64k6 sJ&SeE EF... . -~. Pr
A. Certificates Of deposit issued
by the Ransom County Farrfers Bank,
Lisbon as follows. and endorsed by
scandinavian American Bank, Fargo:,
Dated Aug. 8. 1919, due Nov. /. 1920.
NO. 1851, Western National Fire In
a Company, $3.50. Nov. 1.
1920, due Dec. 81, 1920, No. 1892,
Matt Lnzbach, $4,000; Dated Nov. 1,
: sn due Dec. 81, 1920 No; ssss; F.
I. 1920. due Dec. 81, 1920, No. 1894,
M. ]. Kennedy, $24ss.50"
9. Is that all Of them? A. Yes.
T.. What Is the total? A $751;
Does that record show that the
scandinavian American Bank gave
these certificates Of deposit as collat-
eral or gave its certificate of deposit
to the Bank Of North Dakota and as
security therefor gave these different
certificates Of deposit on the Ransom
County Farmers Bank. that you have
read?
A. Those are all C-Ds. Yes, to
notes OF the Scandinavian American
Bank.
Q. Collateral to the notes of the
Scandinavian American bank? A.
Yes.
O.. But this particular item shows,
does it not
A.. Shows certificates of deposit.
=. And what you have read arc
eds issued by the Ransom County
Farmers Bank to the various persons
who's names you read? A. Yes.
O.. And they r brought here by
Scandinavian American Bank of
Fargo as collateral to its loan from
n Bank OF: North Dakota? A. Yes.
Z. Now look on page 81 and see
III tnof9 are nnf Snnna mora 0f fhof
same banks certificates?
A. Yes. dated Nov. s, 1920, due
jan. 5, 1921, Ransom County Farmers
Bank, Lisbon, to j. III. Hagen, 1880.
9. Now add them t the, other
$4,000, and give us the total Of the
County Farmers Bank stuff?
A. $~20,579.50.
lind any paper of the Peoples State
Bank Of Hillsboro? A. DATED Nov.
berg, $121s."
@. What is it, a certificate Of de-
post?
A. Secured by Stock certificate No.
3 for ten shares People State Bank
Of Hillsboro. y
@. That is, Frenberg's note is Sc
cured by ten shares of stock in the
Peoples State Bank of Hillsboro?
A. Yes.
Q. Look in Page 81, and see #
there is any Of the Security State Bank
Of Co~urtenay? A. Yes, dated APP
ril is, 1920, due Dec. 16, 1920, Secur-
lty State Bank, ,Courtenay, $3.50,
Q. Look at Page 81. Delamere
State Bank?
A. dated Nov. Is. 1920, due 90
days, Frank Bennett. $500. Dated
Oct. 6, 1920, 30 days, A. c. Bergeson,
$500. Dated Oct. 8, 1920, 30 days,
A. E. Bergeson. 5000. Dated Nov.
3, 1920, 60 days. H. H. Berg. $4,000.
Secured by note of J.. C. McDermott,
twenty-five shares in Delamere State
Bank, $500 per share"
@. What is the total of the notes.
Those twenty-five shares secure? A.
$1,000.
Nok look on Page 6s, do you see