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A Run on Sawyer State Bank False Alarm Causes Many to take Out Deposits==Were Returned the Following Day. Cashier Starts Civil and Criminal Ac= tion Against Parties Suspected of Starting Report. A run was made on the SawState Bank has always done business in a conservative manner. yer State Bank Monday morning looking to the welfare of its dewhich tried the metal of that inpositors. He feels certain that stitution most sorely. Many of he knows where the report origithe farmers, who had heard the nated, and engaged the services of Atty. Lambert to start a civil report that the bank was about and a criminal action against the to fail, came in bright and early and when the doors were thrown suspected parties. Atty. Lambert accompanied the Cashier to open at nine o'clock, lined up and Sawyer Wednesday morning in demanded their money. his auto, and action will betaken Some of the business men hecame alarmed and did likewise. immediately. Thousands of dollars were handMr. Mortenson is of the opinion that the report was started ed out in the forenoon, and when it was seen that the cash was maliciously. He states that the Sawyer State Bank has all kinds running short, Cashier Mortenson sent to Minot and several of backing. The president, J. thousands of dollars were in readRosholt, and the vice-president, R. H. Murphy, are interested in iness. The run stopped about noon, when it was learned that banks at Willow City, Westhope, Hampden, Omemee, White Earth, the report that the bank was in Edmore, Maddock and Ryder. an unstable condition, proved to Mr. Mortenson is interested in be false. The following day the bank at Steele and M. T. many of those who took their deWeum, one of the stockholders, posits out, returned them with is interested in four or five banks. additional money. The capital of the Sawyer Cashier Mortenson was seen by State Bank is $10,000, and Mr. an Independent representative and he stated that at no time has Mortenson was surprised that the bank been in an unstable anyone should start such a recondition, bnt that the Sawyer port.
