Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-02-28

Redliscounted Notes.
The committee then turned to the
question of notes rediscOunted by the
Peoples State bank with the Bank of
North Dakota and found that among
tho rediscounts listed in the audit re-
port were the following notes: $. lage-
son, $1.233.5O;+J.4P. Hemmingsen, ST.
900: Q. 4. Lageson and F. c.,Paskie,
$y,l00; Sam lageson, Alma Lageson
and O. X. Lageson, $4,000; Carl Glenn
entson, $1,000. and T. Haroldspn. $l,-
$50: Ia .:
Turning to the audit repor,s stifss
on the Scandinavian- American Jank
of Fargo it was found TIL It. bank "a
tedh,countett wi.hst!.:s . nix of Ns>s q
Dakota ino :aotes~ 70 y Is AskCysalf ~
endorsed by him for $5J6 EACH; also
notes Of II. II. Aaker for $4,000, $500
and $500 respectively, and a note OF
o. *. Lageson for $3.50. all of the
men are stockholders in either the
Peoples State bank, the Grand Forks
American, or both.
The committee. in looking over +.
w. Cathro's report Of the, relations OF
the Bank of North Dakota with other
ed by counties found that out of $434,
2O6.31 re-deposited by the Bank OF
North Dakota with the banks of Cass
county on January 19, 1921. the sum
Of $229,883.05 was in the Scandina-
vian-American bank of Fargo. and
s6s.O9S.96 in the Peoples State bank
of Casselton. A similar situation as re-
CARDS the division between leasue
banks and non-league banks was
found to exist in other counties of tho
state as had already been indicated by
an examination Of the audit report.
Lynstad Tcstiiics.
.f.,+c troo CHI
er, was placed on the stand to Sho"
the condition the state treasurer's Of
flee is being placed in by the refusa
of the Bank Of North Dakota TO honor
its checks. He testified that although
the state treasurer had on deposit II
the Bank of North Dakota approx
.mately three million dollars. AL checks
drawn by the office except those o
certain specified classes were beins
returned marked payment refused OF
account Of Insufficient funds.
He pointed out that many OF thcs
checks went to persons not living II
the state Of North Dakota, and tina
as consequence his office was penn
deluged with letters from al, parts
the country inquiring as to whether o
not the state Of North Dakota was in
solvent. and that the states credl
was suffering accordingly.
points including a note for $11,793 re
ceived by the Bank OF North Dakot
from the Security State bank OF Glass
ton, and rediscount for approximate
ly the same amount said to have bee
secured from the Glasston bank by tn
bank at Rottineau with which he him
self was formerly connected.
The Resolution.
The resolutions passed by the com
mittee was as follows:
Whereas. the investigation conduct
ed by tho house audit committee ha
been hindercd and delayed by the re
fusal to produce public records an
documents essential to such inquiry
and by the dilatory tactics and evasiv
attitude of certain witnesses in tn
public employment: and,
Whereas, it appears that, in further
ance Of such policy committee ap
pointed by the senate to investlgat
into the character Of the Bishop, BrIss
man company, report has summone
to appear before it as witnesses u!
counsel of this committee, though
is well known that said counsel hav
no personal knowledge of the matter
and things within the scope of the IN
quiry being made by said senate com
mittee; and,
Whereas, there remain but fou
81 days IN Wh1cn this committee iHuf
: complete. It's investigation and COR
q pile and submit Its report to the hous
OF representatives, to which end 1t
necessary that the entire time of tn
counsel employed by this committe
be devoted to such matters and things
Now, therefore, be it. resolved. tha
the said counsel SO employed by tn
committee be. and each of them here
by are directed and instructed to Dc
vote their entire working time to tn
completion Of this investigation, an
giving counsel and advice in the PREF
RATION and completion of the report {
this committee, and to that end the
and each Of them are hereby directe
and invited to disregard the summon
Of subpoenaes served upon them an
eacl, of them afore mentioned, unit
the further order OF this committee.
And be it further resolved. that tt
foregoing order shall remain In fu
force and effect until such time as sal
senate committee through the prope
channels. shall state to this committe
the testimony sought to be elictte
!. from said counsel, and shall satisf
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