1.
May 24, 1927
Morning Pioneer
Mandan, ND
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OF COL. SPRAGUE PUZZLES FAMILY
LEFT GRAFTON MAY OMAHA WHERE ABOUTS UNKNOWN
FOR
Bank Closed to Avoid Any Panic
NO DEFALCATION BY MISSING MAN OR ANYONE ELSE SAYS FATHER
May The First National Bank Grafton did not open for today, made by H Sprague, president, that had been closed voluntarily pending checkup by national bank examiners, whom arrived in Grafton early this afternoon. Mr. Sprague that he hoped the would result the re-opening of the bank being permitted by the currency. the reasons for the clos ing Mr. Sprague said that he had feared run on the bank in part to arising from the Grafton of his Sprague, the cashier, and that rather risk, had bank pending check. in order all depositors might There defalcation on the part of Manvel Sprague any Sprague stated and expres. sed his belief that his absence May was to break and worry Manvel Sprague left Grafton May He to father was in California that intendOmaha attend Nation Guard school and then to Hot Springs ing that was very health and felt the need complete rest. He had made other his family. He apparently did not go Omaha, howand present whereabouts unknown. Efforts to get in touch with him been The First National one the oldest banks in this part of the state deposits of nearly
2.
May 25, 1927
The Forum
Fargo, ND
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BANK CLOSING CAUSE GIVEN CHECK OF EXAMINERS
Head of First National Declares Defalcation Evidence Lacks
May checkup the First National bank of closing which tobeing made federal bank examiner whose report to the comptroller the of the bank probably will The probably will take Wednesday and possibly longer, is bank did open for this an ment president that would be closed pending by the arrived in Grafton early Two examiners were expected tonight Wednesday of the banks Grafton been affected by the closing the First National Hopes for Reopening H. president of the National bank said today that he hoped the checkup would result permission for reopening the bank given by the compthe the reasons for closing the Mr. Sprague said had feared the bank, due, in part. to rumors arising from the absence from Graf. Manyel cashier and this bank checkup in order all positors treated alike. No Defalcation Seen There was defalcation on the of Manvel Sprague anyone and his belief that May to by overand worry Manvel Sprague left Grafton on May He written his who Omaha tional guard school and then Hot Springs for that was very health and felt need complete He had similar statements of family. He apparently did not Omaha, whereabouts Efforts to get in touch with him been unsucThe First National of the banks in of state deposits of nearly
3.
May 25, 1927
Grand Forks Herald
Grand Forks, ND
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CHECK UP OF CLOSED BANK IN PROGRESS
Re-Opening of First National at Grafton Hoped For By President.
(Herald Special Service) D., May check of the First NationGrafton made by federal whose report the of the questhe of the bank probably check up will probably take of and possibly bank did not for busian ment made by of that would be closed pending the check up by examiarrived in Grafton for that this afternoon. expected Neither the other banks of Grafton been in way by the closing of the First National.
Hopes To Reopen. president of the First National bank said that hoped the check up would result permission the of the given by the compthe for the closing of Mr. Sprague that there had an accumsome "slow the feared run on due part to arising from the absence his son, Manvel the bank this risk, closed bank pending that might treated alike, he No Defalcations
There no on the Manvel anyone Sprague and pressed his his sence May was caused Manvel Grafton He father California that Omaha Hot for that was very bad and the need of He had made simito other his He apparently did not his ent forts touch with him have been
Worried Over Bank
There eral H. worrying the He that this and the fact that his was generally health has account for his The First Bank of of the oldest financial this part the state undivided and surplus equal to the capitalization.
4.
May 26, 1927
The Albert Lea Tribune
Albert Lea, MN
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FORMER LOCAL BOY MISSING FROM GRAFTON
Manville Sprague Missing From North Dakota Bank-Father Closes Institution Fearing Run-Son's Absence Believed to Be Due to General Breakdown.
The St. Paul Pioneer Press of to day carried the following Associat ed Press Dispatch about a former Albert Lea boy. Manville Sprague married the daughter of Mrs. T. V. Knatvold, formerly of Albert "Lea, but since her husband's death, the late T. V. Knatvold of Albert Lea, she has been making her home with her daughter, Mrs. Sprague in Grafton: Crafton, N. D, May While officials of the First National bank here, which closed its doors voluntarily on Tuesday, still expressed today the hope that the bank would be allowed to re-open or business as soon as a checkup on the bank's affairs could be nade, the beginning of work on he checkup awaited the arrival here of two more, national bank ex aminers to assist the one already in harge of the closed bank. The wo were expected to reach Grafon today and work would be begun it once. It could not be stated by the of ficials how much time will be required for the work of going ove. he bank's paper, but it was hought that a very few days would sufficient. The re-opening of he bank will depend on the report of the bank examiners to the comp roller of the currency The closing of the bank has in 10 wise affected the other two Grafton banks. The continued absence of Manille Sprague, cashier of the closed ank, was still unexplained today, ut the belief that he is suffering rom a nervous breakdown from verwork and overworry was reit- erated by relatives and business associates. In Tuesday's issue of the Grand Fork's Herald the following dispatch was carried on the front page:
(Heraid Special Service) Grafton, N. D., May 24.-The First National bank of Grafton did not open for business today, and announcement was made by F. H. Sprague, president that it had been closed voluntarily pending a check up by national bank examiners, one of whom arrived in Grafton early this afternoon. Mr. Sprague said that he hoped the check-up would result in the re-opening of the bank being permitted by the comptroller of the Discussing the reasons for the closing of the institution Mr. Sprague said that he had feared 2 run on the bank due in part to rumors arising from the absence from Grafton of his son, Manvel Sprague, the cashier, and that rather than run this risk he had closed the bank pending a check up, in order that all depositors might be treated alike.
No Defalcations There was no defalcation on the part of Manvel Sprague, or anyone else, F. H. Sprague stated, and expressed his belief that his son's ab sence since May 7, was due to a nervous breakdown caused by over work and worry. Manvel Sprague left Grafton on May 7. He had written to his father who was in California that he intended to go to Omaha to attend a national guard school, and then expected to go to Hot Springs for a long rest, adding that he was in very bad health and felt the need of a complete rest. He had made similar statements to other members of his family. He apparently did not go to Omaha, however, and his present wher bouts is un known. Efforts to get in touch with him have been unsuccessful.
Worried Over Bank There had been an accumulation of slow paper in the bank for several years past. F. H. Sprague said today, and Manvel Sprague had been worrying over the situation. He believes that this worry, and the fact that his son was in generally poor health has resulted in a nervous break down which would account for his absence and silence. The First National Bank of Grafton was one of the oldest financial institutions in this part of the state. It was capitalized at $50,0000; and had undivided profits and surplus approximately equal to the capitalization.
5.
May 26, 1927
The Bismarck Tribune
Bismarck, Mandan, ND
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DEPOSITORS SHOULD GET CHECKS SOON Checks Here Now For Practically All Claims-Payees Must Act Quickly Depositors in the City National bank who have not yet called for their 60 per cent dividend checks and certificates of stock in the Depositors Holding company are urged to do so immediately so that the affairs of the receivership may be closed up at the earliest possible date. The quicker the receivership can be dispensed with, the less expense there will be for the holding company to stand, directors point out. Checks for all claims filed up to and including May 13 have now been returned here from Washington and are awaiting the payees. These cover practically all claims, as only a very few were filed after that date. Jay M. Riley, who has been receiver here for the national banking department. has been transferred to Grafton. where he will be in charge of the affairs of the First National bank which closed a few days ago, but the work of the receiver here will be in charge of his assistant, A. M. Anderson. Checks which are not called for before the work of the eiver is completed here will be returned to Washington, according to Mr Anderson, after which transactions must be carried on by correspondence which will cause much delay and inconvenience. For this reason, depositors should get their checks immediately, he states, urging all who can to call at the bank on Friday or Saturday of this week.
6.
May 26, 1927
The Bismarck Tribune
Bismarck, Mandan, ND
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RILEY NAMED RECEIVER OF GRAFTON BANK Man Who Had Charge of Affairs of Bank in Bismarck to Make Checkup There Grafton. N. D., May 26.---(AP)--Jas M. Riley, who has been receiver of the closed City National bank of Bismarck, has been appointed receiver for the First National Bank, local anstitution which closed its doors voluntarily on Tuesday. He arrived here today and will work with the three national bank examiners who are checking up the bank's affairs, which work got under way today. Mr. Riley was named in response to a request by officials of the bank that a receiver be named. It was announced today that a complete checkup on the affairs of the bank would take a much longer time than was at first suggested and it is thought that from 10 days to two weeks may be required. No word had been received today from M. H. Sprague, cashier of the bank who has been absent for the last three weeks. Friends of Mr. Sprague believe he has suffered a physical breakdown and that he will communicate with relatives here as soon as he recovers.
7.
May 31, 1927
The Bismarck Tribune
Bismarck, Mandan, ND
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recital Friday evening, June 3, at the Melody shop. Depositors in City) National Are Urged to Call For Checks A. M. Anderson of Minneapolis, who was assistant receiver of the City National Bank here under Jay M. Riley, has been appointed receiver in charge of the closed institution's affairs until such time as they can he turned over completely to the Depositors' Holding company. Mr. kney, who has been here since the bank was closed last October, was transferred to Grafton a few days ago to take charge of the closed First National bank there. Depositors in the City National are again urged to call at the receiver's office in the City National bank building just as soon as possible to get their 60 per cent diviaend checks and their certificates of stock in the holding company, which represents the balance of 40 per cent. The receiver still has nuite a large number of checks in his possession ready to deliver to the payees as soon as they' call, and it is of utmost importance that they call immediately. The receivership mušt be maintained here until this work is completed and the sooner all depositors call for their checks, the sooner the expense of the receivership can be dispensed with, Mr. Anderson points out.
8.
June 2, 1927
The Bismarck Tribune
Bismarck, Mandan, ND
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RILEY HERE WEDNESDAY Jay M. Riley, formerly receiver of the City National bank here but now in charge of the closed First National bank at Grafton, was in Bismarck for a few hours Wednesday to complete the transfer of the receivership here to A. M. Anderson. Mr. Anderson was Mr. Riley's assistant here until the latter was sent to Grafton, and has now been appointed as receiver in charge.
9.
June 10, 1927
Morning Pioneer
Mandan, ND
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SHORT OF GRAIN SAY OFFICERS
INVESTIGATION AFFAIRS NOW UNDER BY STATE $31,000 Shortage Reported AFFAIRS OF MILL CLOSELY ALLIED TO CLOSED FIRST NATL. Investigation of the affairs of the Grafton Roller Mill company, Grafhas been launehed by the Grain Division of the State Railroad board Reports railroad board officials show outstanding storage and only $12,871 worth of grain and flour actually in storage check being made to determine shipments grain to commission houses made recently sufficient to the difference. The elevator storage bond of but unless additional grain to the storage tickets produced by the management storage tickholders will be called upon to take loss $31,000, was said.
Reports made recently by H Eg. gers, Jr., manager the mill, follow. ing conference with officials of the railroad board, do not check with reports previously filed by him, was said. The reports filed with the board in recent months showed that the mill had enough grain hand meet its storage obligations, according Ben Larkin, inspector for board sioner grain division said his has no means of checking reports made elevator operators, an appropriation legislature having illegal attorney the States supreme court decision barring the state from control agencies handling said provision should made examining, not only the books elevators, but the grain held storage to make that reports accurate. Under the law elevators shipping stored grain required furnish additional bonds to the amount of grain shipped out. The affairs of the Grafton Roller Mills are closely allied to the failure the First National Bank of Grafand the disappearance of Manville Sprague, whom warare outstanding.
10.
June 10, 1927
The Bismarck Tribune
Bismarck, Mandan, ND
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AFFAIRS OF GRAFTON MILL TO BE PROBED Reports Show Grain in Storage Much Less Than Storage Tickets Call For Investigation of the affairs of the Grafton Roller Mill company, Grafton, has been launched by the grain division of the state railroad board. Reports obtained by railroad board officials show outstanding storage tickets of $49,553 and only $12,871 worth of grain and flour actually in storage. A check is being made to determine if shipments of grain to commission houses made recently are sufficient to make up the difference. The elevator has a storage bond of $5,000 but unless additional grain to cover the storage tickets is produced by the mill management, storage ticket holders will be called upon to take a loss approximating $31,000, it was said. Reports Do Not Check Reports made recently by H.B. Eggers, Jr., manager of the mill, following a conference with officials of the railroad board, do not check with reports previously filed by him, it is said. The reports filed with the board in recent months showed that the mill had more than enough grain on hand to meet its storage obligations, according to Ben Larkin, inspector for the board. C. C. McDonnell, railroad commissioner in charge of the grain division, said his department has no means of checking the accuracy of reports made by elevator operators, an appropriation for elevator inspectors made by the 1925 legislature having been declared illegal by the attorney general in the light of the United States supreme court decision barring the state from control of agencies handling grain. Closer Check Needed McDonnell said provision should be made for examining, not only the books of elevators but the grain held in storage to make sure that reports are accurate. Under the law, elevators shipping out stored grain are required to furnish additional bonds to the amount of the grain shipped out. A committee of five storage ticket holders is said to have petitioned for appointment as receivers to take charge of the. grain- remaining in the mill. Eggers is a director in the First National Bank of Grafton and the affairs of the mill are said to be closely intermingled with those of the bank, which closed recently following the disappearance of Manville Sprague, its cashier.
11.
June 10, 1927
The Bismarck Tribune
Bismarck, ND
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AFFAIRS OF GRAFTON MILL TO BE PROBED
Reports Show Grain in Storage Much Less Than Storage Tickets Call For
Investigation of the affairs of the Grafton Roller Mill company, Grafhas been launched by the grain the state railroad board. Reports by railroad board officials show storage tickets $49,553 only $12,871 worth of grain flour actually storage. check made determine shipments grain commission houses made recently are sufficient to make up the difference. has storage bond elevator $5,000 but unless additional grain cover the storage tickets produced ticket will be called storage upon take loss approximating
Reports Do Not Check Reports recently Eggers, manager the mill, folconference officials railroad board, check reports by The reports filed with the board showed the had more than enough grain to meet storage obligations, Ben Larinspector for the board. McDonnell, railroad commissioner in charge of the grain division, has means the accuracy reports made by elevator for inspectors made by the 1925 having been illegal by the attorney general the light United States "supreme court decibarring the state control agencies handling grain.
Closer Check Needed said made for not only books elevators the grain held storage make sure that reports Under the law, elevators shipping to additional bonds the the grain shipped out. five storage ticket holders is said to have for appointment receivers take charge of grain remaining the Eggers director in the First National the affairs the closely intermingled with those the bank, closed recently the ville Sprague, its cashier.
12.
November 4, 1927
The Bismarck Tribune
Bismarck, Mandan, ND
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NEWS BRIEFS Rumanian government makes public documents seized when M. Manoilescu was arrested as go-between for ex-Crown Prince Carol; documents show Carol desired to return before his son, Michael, became king. Mexico City hears federal forces have surrounded canyon in Vera Cruz state where rebel leaders Arnulfo Gomez, Almada, Medina and Vizcarra are reported located. Thomas W. Lamont arrives in San Francisco from Japan; says reconstruction after earthquake and banking panic is remarkably advanced. While destroying illicit still in Spottsylvania, Va., two prohibition agents are shot from ambush, one being seriously wounded. Wife of Senator Borah, ill for nearly a year, takes turn for worse, necessitating removal to hospital in Washington for possible operation. Grand Forks-Martin Peterson, for nearly 40 years a brakeman on Great Northern out of Grand Forks, dropped dead while getting ready to leave for Devils Lake. Grafton, N. D.-Two hundred and fifty depositors of closed First National bank approved plans for incorporating a holding company of depositors to take over liquidation of bank's assets. Minneapolis-Three motions for dismissal of merger application of Great Northern and Northern Pacific were filed by opponents at interstate commerce commission hearing. Washington-War department approved an application by Itasca county, Minnesota, for permission to construct & bridge over Mississippi at Blackberry. Grand Forks-Dorothy Taylor, 6, of Gilby, has been unconscious since she was struck by an automobile a week ago. Grand Forks-Because fraternities at North Dakota university refused to sign agreement not to "frame" at elections, control of students' affairs will remain in hands of faculty. Advice to Housewives If your husand is missing at meal time, call the American Bowling Alley.
13.
August 18, 1928
The Bismarck Tribune
Bismarck, Mandan, ND
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GRAFTON BANK CASHIER FOUND RUNNING STORE Married Former Stenographe in Kentucky, Then Went to Norfolk SOLD CANDY FOR LIVING Refuses to Discuss Details; Says Worry Caused Him to Leave Norfolk, Va. Aug. 18. (A) Trailed for more than a year by an agent of the United States department of justice seeking to apprehend him for alleged missapplication of $2,312.50 when he was cashier of the First National Bank of Grafton, N. D. Manville Hewitt Sprague, 44. was arrested here Friday at the request of an agent of the department of justice. Sprague, found living with his wife. formerly Miss Martha Burrus, a stenographer in the bank with whom he fled in May, 1927 when be said certain affairs of the bank got out of his control, declined to go into details of the trouble leading to his arrest or his flight. He indicated, however, that he will return without a fight to face the charges now pending against him. 'Now that they have me,' he said, "I am going to go back and face trial. feel that everything will come out all right I understand that the charge is 'missapplication of funds' there is truth in that, perhaps, but I do not wish to go into any details about it. The bank is a family bank and I was associated with my father and brother there. Loans Too Big "The charge of missapplication grew out of my loaning more money to certain firms than they were permitted to have Things had been going on like that for some time back and the whole matter had me worried almost to death. I wish now that I had stayed and fought it out but we often do the thing under strain that we would not do otherwise, I want to go back now and get it over with. Sprague said he left Grafton when he thought matters had gotten beyond his control and that he had taken Miss Burrus with him. They were married in Kentucky, although he did not remember the exact place he said. Coming to Norfolk about a year ago they opened a little con fectionery store from which they have derived a living Sprague will be given a hearing before Commissioner Stephenson before his return to North Dakota is ordered, but the time of hearing had not been set. Created Mystery Disappearance of M Sprague from his home in Grafton shortly before the doors of the institution were closed on May 24. 1927. created one of the biggest mysteries this state has experienced in years. Sprague was prominent in social fraternal circles throughout the state, was lieutenant colonel of the state national guard regiment and had a host of friends First explanations of his disappearance were that he had suffered a nervous breakdown and had be. come temporarily rresponsible Later it was said that a girl employe of the closed bank had disap. peared with Sprague, who was married and had grown children. Which explanation was correct and Sprague's whereabouts remained complete mystery and if any trace of him was discovered it was not made public. Investigation of the affairs of the bank, however. revealed heavy shortages and these were made the basis for the charges which have been filed against Sprague The long-established solidity of the Sprague bank and the prominence of Sprague and his father in the affairs of the state for many years made the closing of the bank a sensational incident from the standpoint of many North Dakotans Sprague said he left Grafton when he thought matters had gotten beyond his control and that he had taken Miss Burris with him. They were married in Kentucky, he said, although he did not remember the exact place. Coming to Norfolk about a year ago, they operated a little confectionery store. from which they have derived a living Although he had been listed in the Norfolk directory under the name of "Manfield Sprigg, and was known at his place of business by that name, he said he had never changed his name. "I have had to keep on the jump trying to avoid friends who came through here, especially some in the army, he said. "I did not change my name though What he will do with the little store now that he is to be returned to North Dakota, he was unable to say tonight. To a Norfolk newspaper reporter who called at the Sprague apartment the girl who was known in Norfolk as his wife -though Sprague was married and has two daughters residing in Grafton whom he abandon ed when he disappeared insisted was guilty of no wrong "Not to Blame," Girl Says "I'm sure he is not to blame." is quoted as saying, refusing to plify her declaration other than say that be had "no hand in the application of the bank's that she and Sprague had North Dakota more than ago. I am sure don't know do now, continued would not let him but I suppose now that (Continued pass was
14.
August 31, 1928
The Producers News
Plentywood, MT
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MISSING N. D. BANKER IS FOUND IN VIRGINIA The world wide search for Manville H. Sprague, former cashier of the First National bank of Grafton, N. D. ended last week when the much sought for cashier was located by U S. agents under the direction of Detective P. W. Adams. Sprague was found at Norfolk, Va., where he was found living with Martha Burris, formerly of Conway, who served as stenographer at the Grafton bank before it closed and who disappeared at the same time with Mr. Sprague, a year ago last May 7th. They have been operating a store at Norfolk on the seacoast for the past year. Mr. Sprague has been in custody since he was apprehended and from late reports he is expected to arrive at Fargo some time this week where he will await trial in the federal court. There is also a possibility that he may be taken to Grafton for trial. Miss Burris, who he claims is his wife, is expected to return with him. Charges against Sprague will center on embezzlement of bank funds and juggling of bank statements. There is also a liklihood he will be tried under the Mann Act on charges of transporting a woman from one state to another for immoral purposes. His wife and two children are living in Grafton and as is believed has not obtained a divorce to enable him to marry Miss Burris legally. After being caught Sprague said: "I am glad it is all over and I can go back home and face the music. I should not have run away at all. I realize now that it was all a big mistake but then we all make mistakes. I left Grafton in my automobile with Miss Burris and we went from one place to another. We traveled thru Minnesota and other states and then through Kentucky and finally came to Norfolk. I thought I would be safe here and that I could go into business and start all over again. It is true that I misapplied funds of my bank but it is not true that I benefitted by my acts one penny's worth. I have never stolen anything and I am not a thief today no matter how some people might try to fasten that charge upon me. "I am not a bigamist but that is all I care to say on that subject. "I am going home and I will tell my story when I get there and in open court if I am forced to go there. I have my friends especially among army officers and I have met several since I have been here. I guess they must have written home about me and told where I could be found." Sprague left Grafton on May 7, 1927 with the idea conveyed to friends that he would motor to the National Guard school of instruction at Kansas City. After two weeks no news came from him and people of Grafton began considering the matter with the result that a 'run" was about to begin on the bank when F. H. Sprague, the president of the bank and father to Manville Sprague, closed the doors of the institution to prevent the anticipated "run." This occurred on May 23. 1927. Miss Burris, of Conway, the stenographer at the bank, had disappeared at the same time as the cashier. Since that time there has been a great deal of rumor as to the where-
15.
October 9, 1930
The Bismarck Tribune
Bismarck, Mandan, ND
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Closed Bank Suit Dismissed by Court Grand Forks, N. D., Oct. 9.-(P)Judge Andrew Miller in federal court here has dismissed the action of C. M. Gilbertson, receiver for the closed First National bank of Rollette, to recover $90,000 in unpaid notes and $16,000 uncollected assessments from Linus Johnson and J. W. Tweton, directors of the bank. The consolidated action of T. O. Holt, Clifford Tuft and W. J. McCabe of Grafton to recover $5,000 in Liberty Bonds from R. W. Bucklin, receiver for the First National bank of Grafton, was started yesterday. The plaintiffs claim the bonds were in the closed bank for safe keeping.
16.
August 31, 1931
The Bismarck Tribune
Bismarck, Mandan, ND
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Grafton Bank Heads Face Civil Action — Grafton, N. D., Aug. 31.-(P)-A referee appointed by Federal Judge Andrew Miller will take testimony here beginning Tuesday in a civil action brought by C. J. Amundson, Grand Forks, receiver of the closed First National Bank of Grafton, against the former directors of the defunct institution. In his complaint, the receiver claims damages and losses sustained by the bank to the amount of $439,049.62 and alleges that losses were due to negligence of the directors and violation of the national banking laws. The defendants are Frank H. Sprague, Ingolf L. Newgard, Manville H. Sprague, Benjamin J. Johnson, Sever Tollack, William C. Treumann and H. B. Eggers, Jr., who constituted the board of directors prior to and at the time the bank closed May 23, 1927.
17.
September 3, 1931
Grand Forks Herald
Grand Forks, ND
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BOOKS PRODUCED IN GRAFTON BANK CASE
Receiver Seeks to Introduce Records in Action Against Directors.
Grafton N. Sept. here today in civil action against former directors of the closed First National bank in the receiver seeks to $439,049. The bank closed May 23, 1927. and in his Amundson Grand Forks. receiver contends losses brought about by negligence and of the national banking laws by the diis being taken by Bea ed referee by Judge drew Miller will be placed before Judge Miller in Fargo where arguments will be heard later Witnesses today were Helen teller the Jay Riley Pine Bluff the bank and Groesbeck auditor employed by the to audit the bank following the closing. Through these witnesses. the prosecution identify books and records introduction as the Defendants are H. Sprague, Inglof L. Newgard, M Benjamin Sever William C. Treumann and H. B. Eggers Jr.
18.
September 4, 1931
The Bismarck Tribune
Bismarck, Mandan, ND
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Says Grafton Bankers Violated Regulations Grafton, N. D., Sept. 4.-(P)-Testimony intended to show that loans on real estate by the First National Bank here prior to its closing May 23, were made in violation of banking regulations, was introduced Thursday in the civil action brought against former directors of the bank by C. J. Amundson, receiver, who seeks to recover $439,039. When taking of testimony was resumed before Beatrice McMichael, referee, attorneys for the prosecution and defense argued over the bank's records and questioned witnesses as to the identity of the records. No rulings as to admission of lecords or testimony will be made here, Miss McMichael merely taking testimony for presentation to Federal Judge Andrew Miller, who will hear arguments in the case later in Fargo.
19.
September 28, 1931
The Bismarck Tribune
Bismarck, Mandan, ND
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Testimony in Grafton Action Is Completed Grafton, N. D., Sep. t28.-(AP)Testimony of the plaintiff in an action instituted by C. J. Amundson, receiver for the closed First National bank of Grafton, against the Northern Trust company of Grand Forks was completed Saturday. The action was brought to recover on bonds of $10,000 executed by the defendant to protect the bank against losses which might accrue to the bank through the larceny or embezzlement of M. H. Sprague, former cashier of the institution. The plaintiff introduced testimony intended to show transactions between Sprague and the Grafton Roller mill constituted embezzlement on the part of Sprague.