Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-02-04

1VA7xvO H0Nx N
Of the bank for business, probably q
couple of weeks before or after. Just
1919.
Q. And what is the next depart
ment? A. The Farm Loan depart
ment.
@. And who is the manager or al
rector of that? A. There is no man
ager or director of that department..
\ Q. No head OF the department i? A
Q. Is there anyone who conducts It's
activities, any special person? A.
There is q chief clerk in the depart
ment at present.
Q. And what is his name? A. l.. L.
Aughnay Of Mandan.
= Q. Let me ask you this question
merely for a notification of my
memory. Isn't Mr.. Mcintosh with
that: farm loan department? A. Not
at the present time.
q. But he formerly a. A. Yes.
=. When did he leave that depart
ment? A. AS l recall about the first
week Of January. 1921.
q. And he had been connected with
1t prior to that for about how long:
a. In one capacity or another since
about. h Last of September, 1872.
9. He was a portion of the time,
manager, was he not: A. Director.
@. Do o recall how long he act
ed a director of the Farm Loan de-
partment? A. Between the time Of
acting director and actual director,
probably a period Of nine months.
The Audit Department.
O.. What is the next department,
Mr.. Cathro. A: ADULTS Department..
G.. And who is manager or director
1.-THE aud1ts department. A. Mr.. A.
JOhannsen. te1t.
Q. And to digress q bit-just in. q
general way, tell us what are the du-
ties of the director Of credits. A.
The director of credits il supposed to
have supervision of the credits of the
hank. to have control Of the relations
with banks.
Q. With country banks. A. Yes.
Q. 0 he have to do with the re-
deposittng of public funds in country
banks? A. No. he has to do with
the re-discounts and loans to banks
and loans to individuals.
g. Loans and redisocunts and loans
to individuals? A. Practically ha.
charge of what might be classed as
@. Who has charge Of the re,
depositing of public funds in country
banks. A. The audits department.
.. The audit department controls
what? A. Mr.. Johannsen is the head
of it.
Q. So it is fair to say that Mr.
McAneney as director of credits han.
dies the loan end of the bank, A
Yes.
@. Now Mr.. Johannsen as director
of audits I assume has charge of the
keeping of the books of the bank
A. Yes. .....
Q. And also you say he has charge
of the redeposits of public funds il
the various state institutions? A
Yes. and Of deposits coming into tn,
bank. e
Q. And Of deposits coming into tn,
state bank? A. Yes.
Q. I assume, however, in makinl
these %redeposits or disbursements h,
does it under the general supervision
of yourself as director general ant
manager? A. 1 have the power o
veto over the acts of any department
Q. And also have the power OF di
~rection too have you not? A. / have
Q. Now, have you one other de
partment? A.. Yes.
Q. What is 1t? A. The bond de
lDartment is provided for.
Q. And you have a maker Of that
A. W. have not.
@. Some person in direct charge o
it? A. Well, practically all the worl
that has been done in that depart
ment thus far, l have done it my
self.
G. The purpose Of that department
as I understand it Mr.. Cathro is il
substance to handle the bonds, vari
GUS bond issues made by h state o
North Dakota. Inc find a sale ? 70
. them. and dispose OF them if posi-
BILE? A. And it contemplates also tn
, handling of other bonds, bonds O
. municipalities, school districts, and 8
on. when it becomes fully organized
but we have been delayed in organic
ing it.
@. You have been delayed in tn
organization of that department? a
Yes. -
@. So it has been somewhat mac
tive? A. Yes.
Q. You have another department
A. Department Of statistics and pub
licity.
Q. Department Of statistics an
publicity, n who is 1t the head o
that department: A.. That depart
ment is also not fully organized.
Q. So you perhaps ave conducte
the affairs of that yourself? A.
have looked after it in the main. w
have an employe that we call stats
lISIoi VI IndL department, Mr.. hoy
lance. who does most Of the work.
Q. And is it that department tina
issues bulletins. and circulars whic
the bank has issued from time t
tin'c? A. That is part of the wor
Of that department. /.
Q. These bulletins and circulars
take it are issued at certain resula
intervals? A.. Yes.
Started Bulletins.
@. Do YOU remember when 70
commenced the issuance of those bul
letins and circulars? A. We bega
with the beginning Of the bank.
@. In the very beginning. that is |
July 1879? A. The bank was organ
lied the goth of July.
@. The first one probably will be i
August? A. Yes the first one was /
August.
Q. You made a practice of issuin
them about the middle Of the month
A. Yes.
Q. Now I assume you have printe
copies Of all the bulletins issued /
that department, and the circulars II
sued by that department relative
the banks affairs, have you not? !
Yes, sir.
Q. Would you be kind enough
bring those here for our %inspectio
later on. A. l can produce all e.
roDt 4-a 1~4 t. ~, ~ --S- .