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Another Dakota Bank Has Closed BISMARCK, N. D., Feb. 25.-(A. P.) -The Farmers' State Bank of Braddock closed yesterday due to depleted reserves, according to word received by O. E. Lofthus, state bank examiner. Forty banks in this state have suspended business since November. Two have reopened.
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WHAT TICKED OVER THE WIRE DURING DAY 8 9 -Washimon-The United States government was asked by Panama to use its offices to prevent blood shel in Central America growing out of the alleged invasion of Panama soil by Costa Rican troops. -Panama-An angry crowd of Panamans tore the Costa Rican cost of arms from that nation's consulate here late Wednesday, and trampled It under foot. - Berlin-Alex Weift of Aide Texas, the oldest member of the erew of the American steamer West Arrow, manned by Texas, Indiana and Kansas boys. with a load of milk COW S for Germany, died in a Frankfort nos. pital Monday of pneumonia according to a report issued at Berlin. -London-The Brenin : Star an nounced that Mrs. Terrence MacSwinney, widow of the late Lord Mayor MacSwiney, is engaged to marry Art O'Brien, vice-president of the Irish self determination league. -London-Art O'Brien said printed reports that he was engaged to Mrs. Terrence MacSwiney, were evidently issued to harrass Mrs. MacSwiney and that they were untrue. -MeAlester-John G. Ledbetter and Robert Blakely, executed in the electric chair, for first degree murlor. They are the third and fourth white ment to die since statehood. -New York-Herbert Hoover telephoned President-elect Harding he had accepted the offer of a cabinet post of secretary of commerce, his assistant announced. Mr. Hoover, in a statement, said he would contique to direct the policy of the European relief. and that Harding had agreed to allow this in connection with his cabinet position. -Washington-Secretary Colby, in his note to the council of the league of nations made public for the first time. saye that the disposition of the former overseas possessions of Germany can not be undertaken or el fecuated without the assent of the United States. -Bismark. N. D.-The Farmers State bank of Braddock closed today owing depleted reserves, according to word received by O. E. Lofthus, state bank examiner. Forty banks in the state have suspended business since November.
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North Dakota Bank Closed. By Associated Press. BISMARCK N. D. Feb. 24.-The Farmers State Bank of Braddock closed today. due to depleted reserves. accord. ing to word received by O. E. Lofthus, state bank examiner. Forty banks in this state have suspended business since November two have re-opened.
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North Dakota Bank Closes Bismarck, N. D., Feb. 24.-The Farmers State bank of Braddock closed Thursday due to depleted reserves, according to word received by O. E. Lofthus, state bank examiner. Forty banks in this state have suspended business since November. Two have reopened.
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FORTIETH STATE BANK IN NORTH DAKOTA CLOSES Bismark, N. D., Feb. 28.-The Farmers' State Bank of Braddock closed Feb. 24, due to depleted reserves, according to word received by O. E. Lofthus, State Bank Examiner. Forty banks in this State have suspended business since November. Two have reopened.
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WE EXTEND OUR THANKS BULLETIN The local league organ, after maintaining the silence of the grave on curThe Free Press last week admitted rent affairs for several weeks, makes the loss of $17,688.31 on the Drake up for lost time last week by being mill. Before election the Free Press filled from end to end on dope on how assured its readers that the Drake "Big Bizz" is wrecking the "farmers' mill was making $40,000 per year. program." It is evident that the MACCABEE NOTES been "dope off editor" the job of temporarily, the Free Press and left has the league editor with no choice but to ignore everything that has been Mrs. Elizabeth Dow, of Mandan, going on. District Deputy for the W. B. A. of M. formerly known as Lady MaccaThe Record is again profusely accused of lying. That reminds us that bees, came down last Wednesday and once upon a time the Free Press outworked the town for beneficiary memfit said something about a $100 reward bers last Thursday and Friday. She succeeded in getting a large class of offer if the Record would prove statements that they claimed to be lies. new members, 11 ladies being initiated Friday night. When called, they shut up tight, as After the election and general busiEmmons county people will well remember. This time, the Record is ness session, a social session was held, closing with a fine lunch. charged with lying, but they are more This makes a membership of 23, and circumspect. They simply make the three more pledged to be taken in the charge, and let it go at that. next time they meet. Now, after waiting several weeks, This is a wonderful Benefit Associathe Free Press attacks the list of banks published by the Record Feb. tion, and there isn't any reason why it shouldn't prosper here. 10th. They say Linton banks were not included. Certainly they were not, and for the following reason: Our BANK AT BRADDOCK CLOSES original list was published simply to DOORS show what mammoth deposits were being made in some of the banks of Farmers State Bank, After Four or this state, and the capital and surplus Five Years of Existence, Gives Up. was given to show the comparative Farmers Elevator Reported Hard size of the banks so favored. The LinHit. ton banks were not included because they have not been carrying a lot of The Farmers State Bank of Bradleague paper, and consequently dock has closed its doors. Reports haven't had great favoritism shown received in Linton are to the effect them by the Bank of North Dakota. that the bank had overextended loans However, we will now be glad to acand was no longer able to meet its commodate the local league sheet. In obligations. Being unable to secure fact, it gives up an additional chance further financial backing, the directors to bring home to our readers the vast decided to close voluntarily favoritism shown by the great Bank of North Dakota. The only bank to close in Emmons as yet, the Farmers State Bank had a Here are the figures for the Linton banks, which the Free Press seems to large list of stockhelders. When it was organized, small blocks of stock desire: as of December 3d, the date of were sold to all who would buy in the report, the Braddock neighborhood. Some Liability to sixty or seventy farmers took stock Cap. Surp. Bk. of N. D. City National in varying amounts. Its total capi$35,000 $7,508.59 First National tal amounted to $20,000, and it has 9,256.28 40,000 never been able to build up any rePeoples State 25,000 2,008.89 serve. Its last published statement Now, then, Free Press, compare the was made Dec. 29th, and showed total figures of Linton banks with those deposits of $79,008.29. Of this published in our issue of Feb. 10th, amount, $36,750.97 were time deposits, which seems to have "gotten your and a great share of these accounts goat. We republish a few samples: Busted Banks: doubtless are tied up with the bank's closing. It is said that some $6,000 Liability to belonging to the Farmers' Elevator Cap. Surp. Bk. of N.1 Co., of Braddock, was in the bank Donnybrook State $33,400 $93,534.31 when it closed, thus making that in(A bank now busted, with capital stitution short on ready money. Its and surplus less than either the First loans and discounts amount to $100,National or City Natioanl, of this city, 000. has ten, times as much state funds as O. R. Martini was president, Henry either Linton bank.) Reamann vice president and R. E. $20,000 Tolley State $63,588.85 McCain cashier. Mr. McCain came Security State, Coto Braddock from Mott, where he had lumbus 27,700 50,129.55 been in the machinery business, to Fortuna State 20,000 47,111.06 take charge of the bank when it was (These are all closed banks) first opened. Banks Still Running: Slope County ALLIES AWAIT INAUGURATION State, Amidon 11,500 71,381.90 First State, KloLeague of Nations to Take up U. 8. ten 20,500 65,619.33 Tangle With Harding. (The bank Lofthus was running Paris-The League of Nations counwhen appointed state bank examiner) cil stopped work on matters affecting Farmers' Bank, the United States, pending inauguraRay 12,000 53,375.69 tion of the new president. Receiving And here are Jorgen Olson's three the American protest against the banks, with total capital and surplus awarding of the Mesopotamian manof $100,300, and liabilities to Bank of date to Great Britain, the council deNorth Dakota of $256,582.89. The cided to await a decision by the Allied Supreme Council. The Allied council three Linton banks total capital and at London already had indicated that surplus of $100,000 and their total it would take no action on American liability to Bank of North Dakota is affairs until Senator Harding became $18,733.76. president. Some fine comparisons, aren't they? And we're duly glad that the league MAIL PLANES MAKE RECORD paper called our attention to the possibility of these particular compariFilers in Relay Go From Coast to Coast sons. in 33 Hours 20 Minutes. The Free Press opines that the capiHazelhurst, N. Y.-Eight bags of tal and surplus has nothing to do mail dispatched from San Francisco by with the ability of the various banks airplane at 4:30 Wednesday morning arrived at Hazelhurst field here the to meet their obligations. Quite true, indeed. But, as the state examiner is next day at 4:50 p. m., establishing a cross country record of 33 hours the only one who can get a peek at and 20 minutes, with allowance for the paper in these various banks, the time zone changes in the coast to above is the most we can do to give coast flight. the people a line on relative condiThe mail was transferred from plane tions. to plane in a relay flight ordered by the Postoffice department to establish We might, however, state that the a new cross-continent mail record. evidence at the hearing in Bismarck shows that the state bank examiner's Kaiserin's Condition Worse. fieldDoorn, Holland-The physician atmen some be office showing had had reports of the from banks its to tending former Empress Augusta Vic toria considers her condition too seriin rotton condition which were being
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ing plant was going bump. King was a league state senator, and was defeated by the independent candidate for re-election last year. Craig, the party who was to get the 25-per cent commission on collections, was for a long time state manager of the Nonpartisan league. The packing plant project was never a strictly league venture, although many of those actively in charge were active leaguers, and the packing plant organizers were just as crooked and lied just as fast as the league organizers ever did. And a good many of those most seriously "stung" on the packing plant deal, have also been likewise stung on the various league ventures. It is sometimes claimed by leaguers that such enterprises as the consumers stores, etc., were not league enterprises. Such statements are untrue. The consumers stores project was an absolute league enterprise, and did much to provide the league bosses with additional funds. Townley had the final say in appointing organizers, and the consumers stores funds went into the hands of the league bosses. The same men who robbed the farmers on the stores deal robbed them on the other league schemes, and are still trying to drag donations out of them. The men have pretty much ceased to dig, but many of the league women have entered the fight and are raising funds for the league bosses by means of dances, picnics, suppers, etc. One after another of the league enterprises has blown up, and the thousands of formerly welf-to-do farmers now find they are "holding the sack" inthe way of responsibility for accommodation notes they signed. Right here in Emmons county we have a number of them. The Record does not know them all, but it does know some. Probably T. E. Lawler, of Hampton, is as badly hit as any. Mr. Lawler is one of the five gentlemen who signed notes to the extent of five thousand dollars in the local league newspaper deals. Mr. Lawler is now beginning to realize that he is about the only one of the five who is financially responsible to any extent. In other words, it is not at all unlikely that he may stand all the five thousand loss. In addition, he is one of the heaviest investors in the county in the packing plant stock, said packing plant being at least a million in the hole and closed for some seven or eight months past. Mr. Lawler is also interested in the Hazelton consumers store deal. Another farmer who has been hit is Henry Reamann, of Braddock. Mr. Reamann is a heavy packing plant stockholder, other members of his family also holding stock. Mr. Reamann has also been hard hit by the defunct Farmers' State Bank of Braddock, and by the Farmers' elevator there. He helped gather suckers for the consumers store at Hazelton. There was a time not many years ago when a few farmers in the Braddock neighborhood conceived the idea that they were just about capable of running all the kinds of business known to man. Mr. R. was one of the bunch. He is today sadder, but wiser. Some of those gentlemen proposed to have all the big enterprises run by the state, and the small enterprises run by themselves. They went into banking, grain dealing, newspaper publishing, the mercantile business, as well as continuing their farming. We believe that if you could get a candid statement from Mr. Reamann today, for instance, he would be forced to tell you that the average man has his hands full running one business, that farming is for the farmer,
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RECEIVER FOR BRADDOCK BANK G. H. Naramore, of Braddock, has been named received of the Farmers State Bank of Braddock. The bank has been in charge of a deputy and is SO isolated from other closed banks that it cannot well be included in the district receivers' territory, it was stated by Gilbert Semingson, bank examiner.
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RECEIVER FOR BRADDOCK BANK G. H. Naramore, of Braddock. has been named receiver of the Farmers State Bank at Braddock. The bank has been in charge of a deputy and is so isolated from other closed banks that it cannot well be included in the district receiver's territory, it was stated by Gilbert Semingson, bank examiner.
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FUNERAL IN GRAND FORKS. George Naramcre of Braddock, N. D., a pioneer resident of Emmons county passed away at a local hospital on Monday, March 6. Mr. Naramore was born August 5. 1877, in Lena, Illinois, and homesteaded in Emmons county in 1901 Deceased tock an active interest in public works and was well known throughtout this part of the state. He served two terms as county treasurer of Emmons county and one term as representative from his district. He was interested in school work and has been a member cf the school board for many years. He has been cashier of the banks of Braddock, Hazelton and Washburn, and was recently appointed a receiver of the Farmers State bank at Braddock. His health caused Shim to give up his banking work and return to the farm. George Naramore and Clara Westeen of Grand Forks were married October 6, 1910. Besides his wife, 3 children. Martha, 11, Willard, 8, and George, Jr., age 4, a brother, Milton Naramore, of Chicago, a sister, Martha Naramore of Colorado Springs and two half brothers of Missouri and Iowa, survive. Mrs. Naramore and friends from Braddock will accompany the remains to Grand Forks, where burial will take place on Wednesday.
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Funeral For George Naramore Held Today Funeral services over the remains of George Naramore of Braddock, N. D. were held this afternoon from the Swedish Lutheran church. The body was interred at Memorial Park cemetery. Mrs. Naramore, who is a daughter of Dr. and Mrs. A. A. Westeen of this city, with friends from Linton, arrived here last night, accompanying the body. Mr. Naramore died on Monday at a Bismarck hospital. Three chileren, who with the widow survive, remained at their home in Braddock. Mr. Naramore was born in Illinois in 1877. He had been a resident of North Dakota since 1901. He had been active in public life, having served two terms as county treasurer of Emmons county, and he also had been active in school affairs. He served as cashier of banks at Braddock, Hazelton and Washburn, and was recently appointed a receiver of the Farmers' State bank at Braddock. Ill health caused him to give up his banking duties and return to his farm. Mr. Naramore was married to Miss Clara Westeen of this city in 1910. Serving as pall-bearers at the funeral today were O. Brundin, A. Myklebye, John Westlund, Gus Peterson, A. Lager and George Swanson.
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GEORGE NARAMORE DEAD Prominent Braddock Resident Passes Away at One of the Bismarck Hospitals Following Week's Final Illness. George Naramore, of Braddock, former county treasurer and member of the legislature for Emmons and Kidder counties, died at one of the Bismarck hospitals early Sunday morning following a week's final illness. Mr. Naramore had recently been appointed receiver for the defunct Farmers State Bank of Braddock, and had been sworn in at Bismarck. Upon his return to Braddock, he was taken with severe headaches. A day or so later, he seemed to lose all control of his mind and was unable to recognize those about him. He was at once taken to one of the Bismarck hospitals, no hope for his recovery being expressed from the start. He remained in the same condition until his death. The cause of death is recorded as tubercular spinal meningitis. George H. Naramore was born at Lena, Ill., Aug. 5, 1877, and was a little less than 45 years of age at the time of his death. He came to Selby, South Dakota, when a young man, and to Emmons county in 1901, taking a homestead midway between Linton and Braddock. For several years he was engaged in farming and in acting as cashier of banks at Braddock and Hazelton. In 1908 he was elected county treasurer, and held that position for two terms. In 1914, he was elected as one of the Emmons county members of the legislature. For about five months in 1913, he was cashier of a bank at Washburn. His health required him to take up outdoor life, and he started farming just south of Braddock, where he lived until his death. While acting as county treasurer, Mr. Naramore met Miss Clara Westeen, of Grand Forks, N. D., who was teaching in the Linton schools. They were married Oct. 6, 1910. Three children were born to this marriage, Martha, aged 10; Willard, 8, and George Jr., 4. In addition to these surviving relatives, Mr. Naramore leaves a brother, Milton Naramore, of Chicago; a half-brother, Will, of Mason City, Iowa; and a halfsister, Martha, of Colorado Springs, Colo. Deceased was a hard-worker at all times. and a man of strong intellect. He took an active part in public affars, and has been a member of the Braddock school board for years He was a highly-efficient county treasur er, and well qualified in bank work. It was this fact, coupled with the further fact that he lived at Braddock and was thoroughly acquainted with the conditions surrounding the closed bank there that caused his appointment only recently as its receiver. Funeral services for the deceased were he'd yestering at Grand Forks, where the body was taken Tuesday by Mrs. Naramore and friends. The Record joins in extending svmpathy to the bereaved widow and little tots who have suffered such a great loss.