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BANKERS VISIT INGOMAR Major S. G. Reynolds, receiver of the First National Banks of Ingomar and Forsyth, R. D. Mountain, president of the American National Bank of Forsyth and A. D. Raymond, local field representative of the Merchants National Bank of Saint Paul, were here Friday from the county seat metropolis looking after business matters.
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JOHN BELL LOSES HIS SUIT AGAINST GRIMSTAD ESTATE The following article taken from Thursday's Billings Gazette will be of much interest to the people of this community, as all parties to the suit are well known here. Several Ingomar people are attending the trial as witnesses. "The plaintiff completed his case in chief at the afternoon session of the district court Wednesday in the suit of John Bell against Carmen H. Grimstad, as executrix of the estate of the late O. K. Grimstad, for the collection of $7,868.05, alleged to be due on a sheep purchase in 1923 and $1,000 on a liberty bond transaction. The court, at the request of the defense, then adjurned to Thursday morning. "Much of the afternoon was taken up in the examination of John Bell as to the various details of the transactions upon which the issues of the case depend. A large number of papers and other documentary evidence was introduced. Bell denied that he knew a deposit had been entered to his credit, at the First National bank at Ingomar until after a few days before the bank closed and said that the president of the bank was then in St. Paul and he was unable to see him. "George Johnson, who had charge of the sheep, was also a witness for the plaintiff. Charles Foster, who has a similar action pending against the Grimstad estate, also testified about some of the transactions. "The plaintiff claims that in March, 1922, he sold O. K. Grimstad 1,945 2year-old ewes for $11 a head. and that the plaintiff was to be paid $120 for trailing. He asserts that Mr. Grimstad paid a mortgage amounting to $11,146.95 which was against the sheep and also $2,500 from the proceeds of the wool crop, but that there was still owing the sum of $7,868.05 with interest from March. 1922. It is also claimed that the plaintiff had on deposit with the mortgage $1,100 in liberty bonds to secure the mortgage and that those were turned over to Mr. Grimstad when the mortgage was satisfied, but that he and his successors had refused to turn these over to the plaintiff and judgment for the amount of the liberty bonds with interest is a!so asked. "The defense claims that the purchaser was paid in full through the First National bank of Ingomer, through which the sale was negotiated as owner or agent for the owner on representation that the bank had full authority to collect and receive payment and that the owner made no objection for the period of two and a half years or until after the bank became insolvent. It is also that the liberty bonds were purchased market value and that the plaintiff made no objection until after the bank closed." Thursday the suit was brought to a sudden close when the eourt directed at' verdict for the defense.