The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1921-03-17
BOT1|NEAU .';';''ss''s
BANK INTEREST SOLD.

CAPITAL INCREASED BY $4,000.
DALE INTERESTS SOLD IN
DEAL THIS WEEK
!. March 10th, 1921
Mr.. Martin. L. Helgerson, President,
Bottineau County Bank,
Bottineau, N. D. "
My dear Mr.. Helgerson:- -
This is to advise you that Harold
w. Riley, Allen A. Atwood and have
purchased the controlling interest
owned by the Dale Estate in the Bot
tineau County Bank and we enclose
herewith the assigned stock certifi-
Gates, to be transferred to us.
We have also decided to double the
capital stock and the new capital will
be paid in cash as soon as we can get
permission from the banking depart
4nent and complete the legal proceed
Ings required by law, the new capital
having already been raised for that
purpose.
I have also today placed 100000
to the credit of the Bottineau County
Bank, in the Bankers National Bank
of Minneapolis, subject to your order.
We have lot Of confidence in Bot
tineau County, her fertile soil and
thrifty people. We recall that in 1886
South Dakota was dried out and eaten
up by grasshoppers and the people
had much harder time than the peo-
pie of North Dakota ever did. South
Dakota came back and the farms that
were deserted in 1886 are worth $780,
90 an acre today: We believe that
North Dakota will come back and be
on easy street financially and sound
politically.
We are not strangers in North Da-
kota. Mr.. Riley is son Of the late
Cap. A. L Riley Of the firm of Guth-
rie and Riley that built more miles
Of road for the Great Northern Rail-
road than any other frim or corpora
ton. Mr.. Harold Riley was associated
with his father and became well &C
auainted with conditions in North Da-
kota while on construction work,
which formed the basis, for his pres
ent confidence in the future of the
State. Mr.: Riley was an aviator dur
ing the war and was shot down while
flying over Germany and for four
months was in a German prison hos
pital recovering from his wounds. He
is married and lives at st. Cloud and
is interested in several banks in Min
nesota. r.a e
Mr.. Allen Atwood, my json, is a
practicing attorney at st. Cloud, MIN
nesota-a graduate of the Law De-
partment of Cornell University He
was, a naval aviator for about two
yeasr during the war, patroling the
Southern seas. He is director Of the
Security. State Bank of St. Could and
has had considerable banking expert
.ence in this institution.
I, as you know, am President OF the
Bankers National Bank Of Minneapo-
lis active Vice President of the
Bankers Trust & Savings Bank OF
Minneapolis, and President Of the Sc
curity State Bank Of st. Cloud, MINI.
organized the latter institution
about twenty years ago and feel that
know something of the needs OF the
farming countries-as well as the City.
am interested in 4 number Of 9th
er banks in Minnesota and Wisconsin.
/ want to compliment you, Mr.. Hell
rerson and Mr.. Ereresvaag, on the ex-
cellent management and reputation OF
your institution. In fact. we would
not have considered purchasing the
stock and making this large invest
ment n it had not been on the assur-
ance from you that you would contin-
ne in the management.
AS suggested and urged by you, Ct
the first meeting Of the Board Of Di-
rectors, Mr.. Riley will be elected Pres
ident you and Allan Atwood, Vice
Presidents Mr.. a.. d. Ertresvaag,
Cashier, Mr. c. w. Feathers, Mr. I. =.
Ertresvaag and Mr.. E. ]. Kronlokken,
Assistant Cashiers.
We expect to complete arrange
ncnt.. in a few days, for handling
mortgage loans through our Bankers
Trust & Savings Bank here and we be-
lieve viii be Of great help to Bottineau
\ County at this time. We want this old
bank to continue to be bank Of SER
vice to people Of Bottineau County. !
will appreciate if you will keep me
advised as to your needs.
1 Is Very sincerely yours,
CLA-CK G. L. Atwood.
s5 ---- - ---s
ANMUA1 lE111na or y
ooanEznIeIA1' CLUE
The Annual meeting held Monday eve
ming. Mar. 18th ct the Club rooms The