Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-05-19
Lcnke Charges.

Ihe five embczzlement indictments
against Lemke fall into two sroups.
In three of the indictments the
charges are based on the alleged
TRANSFER OF sums amounting to $2I6,.
afo.Sff from the Bank of North Dako-
"a TO the Scandlnavia can
panR OF Fargo from the time the for
mcr institution opened in 1919 10
Jan. 81, 1921.
These transfers it is claimed were
for the benefit Of the men IN control
OF the Scandinavian-Americ bank:
Inc other-two endorsement counts
are based On the alleged transfer Of
TWO sums OF $4,000 each in cash from
the Bank OF North Dakota to the
fargO bank between January 81 and
Feb. IA, ls2l for the same purpose:
sF False Report.
M lnS the skin iindicement Lemke8 il
charged with being Implicated m "a
IaAse report to the state banking de.
partment in regard TO the pru ,,os,s:.l
new stock issue Of the Scandinavian
American bank when it is alleged It
was falsely reported that ali OF this
STOCK had been subscribed 10 in casn,
the transaction being covered by tn.
transfer OF funds from the Bank Of
North Dakota, to the PEOPLES State
Bank of Casselton.
To.tcn Alleged Forecr. @
The charges against Totten are
based on :4is alleged forgery of the
name or Ole kaldor, treasurer of the
Nonpait-san league to a check for
SloZIo against the Courier News sus-
'ainins lund and cashing the same.
This was one of the charges brous:E
~ $,--i at s,h: une of the bifs
blow up on the Courier News when
To.ten and c. X. Gummerson were
removed from their positions as bust-
ness manager and editor Of that pa
per.
Christianson's Case r.
Chlistianson is charged with sign-
ing false reports to the state exanr-
iner under date of Sept. 16, 1919. III
this report it Us said that false state
ments We're made regarding the co1is
dltlon of the Scandinaviaa-Am IL ericap
bank with view 10 concealing ths
fact that the capital was impaired.
The report it is said showed loans and
discounts of Ss78.682.33. when as
matter Of fact they amounted to
ss6n,$7s.Ss and savings. deposits OF
S14,747.97 when they We're as a mats
ter of fact $32.74797 :
These arrests were all made early
th:s afternoon. The accused men are
understood to be arranging for ball..
More to Come. y.
There are ten moro individuals to
be arrested as a result Of the indict-
ments brought in by the Cass county
grand jury. that body having return-
ed thirty-six indictments againSt
thirteen persons accordins'to the am
nou1cement made when it adjourned
Thursday. Warrants for all of these
, are in the hands of the Cass county
sheriff. whose officers made t:le arss
rests today
Money Involved.
! Fargo. n. D.. May 1e.-(By ths
Associated Press. while the Bank
loaned to the scandinavian Americas
bank approximately $450.000 at this
!! lime the Fargo institution was CLOSED
! the grand jury has accepted for ting
i purpose of its charge only that pors
uon of the amount that was placed IN
/, the Fargo bank during the period OF
| the actual existence of the state bank
George Shafer, assistant states attors
ney said. &
! The approximate amount of the ads
ditional public money that was In tho
Fargo bank when it was closed waa
in the main redeposited in that in.
stitution in the two months period
! Immediately prior to the time the
state bank was actually put in opera-
ton. ~
!! Il Mr.. Lemke is accused in the indict.
ment of aiding and abetting all trans.
tiers Of that money which transfers
Lhe Jury charges was for the prfyAte
and personal beneft OF certain indi.y
viduals. who are named with Mr.:
f<nY X