12592. Sawyer State Bank (Sawyer, ND)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 1, 1921
Location
Sawyer, North Dakota (48.090, -101.054)

Metadata

Model
gpt-5-mini
Short Digest
88df4586

Response Measures

None

Description

The Sawyer State Bank closed (reported as closed recently in Sept 1921). A receiver (Thorwald Mostad) was appointed in 1921 and later removed; the State Banking Board appointed G. R. Van Sickle as receiver in June 1922. Foreclosure and sale of assets proceeded in mid- to late-1922 and the bank remained in receivership with assets offered for sale, indicating permanent closure rather than reopening despite efforts. Cause of suspension appears to be action by the state banking authorities (revocation/appointment of receivers by the state banking board/examiner).

Events (6)
1. September 1, 1921 Receivership
Newspaper Excerpt
Thorwald Mostad ... has been appointed receiver of the Sawyer State bank which closed recently.
Source
newspapers
2. September 1, 1921 Suspension
Cause
Government Action
Cause Details
Bank was reported closed and a receiver (Thorwald Mostad) appointed; closure associated with state banking board actions and subsequent receivership appointments/removals.
Newspaper Excerpt
Mostad Receiver Sawyer State Bank Thorwald Mostad, former state senator from this district, has been appointed receiver of the Sawyer State bank which closed recently.
Source
newspapers
3. May 8, 1922 Other
Newspaper Excerpt
judgment and decree in foreclosure ... entered and docketed ... on the 8th day of May, 1922 ... directed the sale ... to satisfy the amount of said judgment ... Sawyer State Bank, a corporation ... Thorwald Mostad, as receiver of Sawyer State Bank, now in the process of Liquidation, Defendants.
Source
newspapers
4. June 16, 1922 Receivership
Newspaper Excerpt
The appointment of G. R. Van Sickle of Minot as receiver of the Sawyer State bank of Sawyer, was formally announced by the banking board Wednesday. Thorwald Mostad remains in command ... has served notice that he proposes to continue on the job.
Source
newspapers
5. June 17, 1922 Other
Newspaper Excerpt
I, A. P. SCOFIELD, Sheriff ... will sell the hereinafter described real estate ... on the 17th day of June, A. D. 1922 ... to satisfy the said judgment.
Source
newspapers
6. October 26, 1922 Other
Newspaper Excerpt
Sealed bids for the purchase of all the assets of the closed banks listed below will be received up to November 15, 1922: ... Sawyer State Bank, Sawyer, North Dakota. G. R. Van Sickle, receiver, Minot.
Source
newspapers

Newspaper Articles (13)
1. March 24, 1921 The Ward County Independent Minot, ND
Article from The Ward County Independent, March 24, 1921

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Hald, yes. com Motion carried. Moved by Com. Vandenoever seconded by Com. Spicher that the following resolution be accepted and approved and placed on file: RESOLUTION: WHEREAS, Ward County at the present time has deposited with the Bank of North Dakota in checking account the sum of $194,802.86 together with accrued interest thereon since the first of February, 1921, and WHEREAS, the Board of County Commissioners of Ward county have heretofore designated the banks of Ward County, North Dakota, as the present depositors of its funds, and WHEREAS, the Bank of North Dakota has refused to honor checks of the Treasurer of Ward County, North Dakota. legally drawn on its said checking account. and WHEREAS, the said Bank of North Dakota now has on redeposit in the here inafter mentioned banks of North Dakota, large sums of money, and WHEREAS, the Supreme Court of North Dakota has recently decided that garnishment proceedings may be brot against said Bank of North Dakota, and WHEREAS, the County Commissioners consider it for the best interest of Ward county to bring garnishment proceedings against the funds in the hands of the hereinafter mentioned banks belonging to the Bank of North Dakota. NOW. THEREFORE, BE IT RESOLVED. that the state's attorney of Ward County, North Dakota, be and hereby is instructed to forthwith commence action against the Bank of North Dakota for the sum of money now on deposit with the Bank of North Dakota on checking account belonging to Ward County, North Dakota, and garnishee the following banks. to-wilt: Scandinavian American Bank of Minot, N. D. Second National Bank of Minot. N D., The Union National Bank of Minot N. D., Citizens State Bank of Minot. N. D., First International Bank of Minot. N. D., American State Bank of Burlington, N. D., First State Bank of Burlington, N. D., Citizens State Bank of Douglas, N. D., The First State Bank of Ryder, N. D., First National Bank of Ryder, N. D., First State Bank of Sawyer, N. D., Sawyer State Bank of Sawyer, N. D. The Security State Bank of Deering, N. D., Deering State Bank of Deering, N. D., First State Bank of Surrey, N. D., and the First State Bank of Lone Tree, N. D. On roll call the members voted as follows: Com. Vandenoever, yes. Com. Toftner. yes. Com. Spicher, yes. Com. Haldi, yes. Com. Krantz, yes. Motion carried. Moved by Com. Haldi seconded by Com. Vandenoever that the Board adjourn until 9 a. m., March 16th. 1921. Motion carried. March 16th, 1921 The Board met as per adjournment at 9 a. m., on above date, with all members present and Com. Krantz in the chair. Moved by Com. Vandenoever seconded by Com. Spicher that the report of A. P. Scofield, sheriff of Ward county, for the month of January, for collection of delinquent personal property taxes for the year 1919. to the amount of $167.85. be accepted. approved and placed on file. Motion carried. Moved by Com. Vandenoever seconded by Com. Haldi that the road petition signed by R. L. Ladd and 70 others of Sauk Prairie and Greenbush Townships, for a change of the county road as follows: Beginning at the NW corner of Sec. 19, Twp. 160, Range 87, running east five miles to the NE corner of Sec. 23, thence south three miles to the SW corner of Sec. 36, Twp. 160, Range 87, thence south six miles to the SW corner of Sec. 36, Twp. 159, Range 87, thence two miles southwest down to Donnybrook, be accepted and approved, and placed on file and the chairman instructed to appoint viewers. Motion carried. The chairman appointed the following viewers: Commissioners Vandenoever, Spicher, Haldi and Krantz. Moved by Com. Spicher seconded by Com. Vandenoever that the following

2. September 1, 1921 The Ward County Independent Minot, ND
Article from The Ward County Independent, September 1, 1921

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Article Text

Mostad Receiver Sawyer State Bank Thorwald Mostad, former state senator from this distrioct, has been appointed receiver of the Sawyer State bank which closed recently.

3. April 6, 1922 The Ward County Independent Minot, ND
Article from The Ward County Independent, April 6, 1922

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Efforts Being Made to Re-open Sawyer Banks Thorwald Mostad, receiver of the Sawyer State Bank, was in Minot Saturday. Mr. Mostad states that the effort which has been made for several weeks to re-open the bank, has not yet been abandoned and it is possible that one of the two Sawyer banks that were closed, will be reopened within a short time. When the Sawyer State Bank closed, Ole Saastad a well known farmer, had nearly $50,000.00 on deposit in the institution. The state banking board questions whether Saastad's claim will come under the state guarantee act, inasmuch as the money instead of drawing 6%, is said to have been actually drawing 71/2%. There has never been a decision on this point by the state supreme court, but such a decision will eventually have to be made. An effort is being made to get Saastad to permit his funds to remain in the bank in order to re-open it and it is possible that he will decide to take up twenty or thirty thousand dollars worth of slow paper. The First State Bank of Sawyer is also making an attempt to re-open. Mr. Hilliboe, formerly of Minot, returned from Minnesota recently and has held a number of conferences with Mr. Tofflemire, former cashier of the bank, and with some of the depositors. Hard Times Have Struck Wisconsin John J. Nedreloe returned Saturday from Prairie du Chien, Wis., where he was called by the illness of his mother, whose condition is improved. Mr. Nedreloe says the weather was rainy each day in Wisconsin and the roads so muddy that autos, cannot run on the country roads. Hard times have struck that section of Wisconsin. A great deal of tobacco is grown there A year ago the tobacco grower received 45 cents a pound for their crop and this year the price is but 8 or 10 cents with little demand for the product at that price.

4. May 11, 1922 The Ward County Independent Minot, ND
Article from The Ward County Independent, May 11, 1922

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# NOTICE IS HEREBY GIVEN, That by virtue of a judgment and decree in foreclosure, rendered and given by the District Court of the Fifth Judicial District, in and for the County of Ward and State of North Dakota, and entered and docketed in the office of the Clerk of said Court in and for said County on the 8th day of May, 1922, in an action wherein Hanover State Bank, a corporation, of Hanover, Minnesota, Plaintiff, and E. L. Dalen; H. O. Dalen; First State Bank of Rollingstone, Minn., a corporation; Second National Bank of Minot, N. Dak., a corporation; The Haber Mortgage Company, a corporation; Sawyer State Bank, a corporation; Scandinavian American Bank, a corporation; State Bank of Buffalo, a corporation; Citizens Bank of Cokato, Minn., a corporation; Ward County, a Municipal corporation and Governmental division of the State of North Dakota; H. B. Good; Mrs. H. B. Good, (true name unknown), wife of defendant H. B. Good; J. A. Price; Thorwald Mostad, as receiver of Sawyer State Bank, now in the process of Liquidation, Defendants, in the favor of the said Plaintiff and against the said Defendants, E. L. Dalen, H. O. Dalen, et al., for the sum of Three Thousand Eighty-two Dollars, which judgment and decree among other things directed the sale by me of the real estate hereinafter described, to satisfy the amount of said judgment, with interest thereon and the cost of expenses of such sale, or so much thereof as the proceeds of such sale applicable thereto will satisfy. And by virtue of a writ to me issued out of the office of the Clerk of said Court in and for said County of Ward, and under the seal of said Court, directing me to sell said real property pursuant to said judgment and decree, I, A. P. Scofield, Sheriff of said County, and person appointed by said Court to make said sale, will sell the hereinafter described real estate to the highest bidder, for cash, at public auction, at the front door of the Court House in the City of Minot, in the County of Ward, and State of North Dakota, on the 17th day of June, A. D. 1922, at 2:00 o'clock P. M., of that day, to satisfy the said judgment, with interest and costs thereon, and the costs and expenses of such sale, or so much thereof as the proceeds of such sale applicable thereto will satisfy. The premises to be sold as aforesaid pursuant to said judgment and decree, and to said writ, and to this notice, are described in said judgment, decree and writ, as follows, to-wit: The Southwest quarter (SW¼) of the Northwest quarter (NW¼) and the West One-half (W½) of the Southwest quarter (SW¼) of Section Twelve (12) and the Northwest quarter (NW¼) of the Northwest quarter (NW¼) of Section Thirteen (13) all in Township One Hundred Fifty-three (153) North of Range Eighty-two (82) west of the fifth principal meridian, all in the County of Ward and State of North Dakota. A. P. SCOFIELD, Sheriff of Ward County, North Dakota. F. B. LAMBERT, Attorney for Plaintiff Minot, N. D. May 11, 1922. 5/11-5t

5. June 16, 1922 Grand Forks Herald Grand Forks, ND
Article from Grand Forks Herald, June 16, 1922

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Is Named Receiver Of Bank At Sawyer Sawyer, N. D., June 16.-The anpointment of G. R. Van Sickle of Minot as receiver of the Sawyer State bank of Sawyer, was formally announced by the banking board Wednesday. Mr. Van Sickle's appointment has been confirmed by the board. Thorwald Mostad remains in command of the banking institution and has served notice that he proposes to. continue on the job. It will be recalled that a seal placed on the bank vault was broken and later a padlock placed on the front door removed in Mr. Mostad's battle with the state banking board. Mr. Van Sickle has served as district receiver for a number of banks in the Minot territory. under the new plan of consolidating the work as inaugurated by the Nestos administration.

6. June 17, 1922 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, June 17, 1922

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RECEIVER NAMED Minot. N. D., June 17-The appointment of G. R. Van Sickle as receiver of the Sawyer State bank of Sawyer, N. D. was formally announced by the banking board. Thorwald Mostad remains in command of the banking institution and has served notice that he proposes to continue on the job. Mr. Van Sickle has served as district receiver for a number of banks in the Minot territory.

7. August 17, 1922 The Ward County Independent Minot, ND
Article from The Ward County Independent, August 17, 1922

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Hearing on Sawyer Bank Receivership Postponed to 22nd Thorwald Mostad, whose appointment as receiver of the Sawyer State bank was recently revoked by the state bank examiner acting under instructions from the state banking board, appeared in district court before Judge John C. Lowe today. He requested further time in which to prepare briefs and look up facts of law, before attempting to show cause why he should not be restrained from exercising the duties of receiver of the bank, during the pendency of an action started in district court by G. R. Van Sickle as receiver of the Sawyear State bank. After the revocation of Mr. Mostad's appointment, Mr. Van Sickle qualified as receiver of the bank, but Mr. Mostad has the records of the bank in his possession and has refused to surrender the duties of receiver to the new appointee. Judge Lowe adjourned the hearing until next Tuesday, Aug. 22, at which time the briefs will be submitted and the case argued. Mr. Van Sickle is represented by Atty. B. H. Bradford and Mr. Mostad by the firm of Funke, Campbell & Eide, and E. R. Sinkler.

8. August 25, 1922 Grand Forks Herald Grand Forks, ND
Article from Grand Forks Herald, August 25, 1922

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RECEIVERSHIP TO BE SETTLED. Sawyer. N. D., Aug. 25.-Judge John C. Lowe of Minot, announced today he would likely make a. decision soon in the case of G. R. Van Sickle, as receiver of the Sawyer State bank VS. Thorwald Mostad. wherein the plaintiff seeks to have the defendant restrained from acting as receiver of the bank-during the pendancy of an action started in district court to have Mostad removed as receiver of the bank.

9. September 1, 1922 Grand Forks Herald Grand Forks, ND
Article from Grand Forks Herald, September 1, 1922

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# Sept. 6 Is Date For Sawyer Bank Hearing Minot, N. D., Sept. 1.-Judge Geo. H. Moellring, in an order issued at Williston to show cause why Thorwald Mostad should not be appointed as receiver of the Sawyer State bank, set September 6 at 10 a. m. as the date of the hearing on the order, which will be held at the district court chambers in the federal building at Minot. Each of the defendants in the action, including the attorneys, servants and agents, together with the trustees, directors, managers and other officers of the bank, except such, if any, as may be appointed receiver by the court, are restrained and enjoined in the order from collecting or receiving any of the assets of the bank, or in any manner transferring any of the business of the bank during the pendency of the action.

10. October 16, 1922 The Bemidji Daily Pioneer Bemidji, MN
Article from The Bemidji Daily Pioneer, October 16, 1922

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MASTAD-JOHNSON Miss Anna C. Johnson, sister of Carl G. E. and Otto F. Johnson, proprietors of the Johnson Bros., store of this city, and Senator Thorwald Mastad of Minot, N. D. were united in marriage October 9 at the home of the bride's sister, Mrs. W. P. Elliott, 3650 Eleventh avenue So. Minneapolis. Miss Johnson is manager of the Johnson Bros. store in thic city and will remain here for the present. Miss Johnson's home was formerly in Mankato where she grew to womanhood. Before coming to Bemidji she was connected with the Johnson Bros. store at Bismarck, N. D. which store was sold last December. Senator Mastad is at present receiver of the Sawyer State Bank of Sawyer, N. D. and has farming interests around Minot. Mr. and Mrs. Mastad returned from their wedding trip Saturday morning. Mr. Mastad returned to Minot this afternoon and will join Mrs. Mastad a little later. They expect to locate about January 1 in Minot.

11. October 26, 1922 Grand Forks Herald Grand Forks, ND
Article from Grand Forks Herald, October 26, 1922

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LEGÁL NOTICES BANK ASSETS FOR SALE Sealed blds for the purchase of all the assets of the closed banks listed below will be received up to November 15, 1922: Farmers State Bank, Greene, North Dakota. W. E. Burgett, receiver, Flaxton. Citizens' State Bank, Edgeley, North Dakota. O. L. Engen, receiver, Fargo. State Bank of Milton, Milton, North Dakota. John Vallely, receiver, Grand Forks, First State Bank, Crystal Springs, North Dakota. H. B. Hanson, receiver, Crystal Springs. Bank of New Rockford, New Rockford, North Dakota. C. H. Reimers, receiver, Carrington. Peoples' State Bank. Leith, North Dakota. C. F. Kellogg, receiver, Bismarck. Peoples State Bank, Grand Forks, North Dakota. John Vallely, receiver, Grand Forks. Crocus State Bank, Crocus, North Dakota. Fred F. Walz, receiver, Egeland. Security State Bank, Courtenay, North Dakota. C. H. Reimers, receiver, Carrington. Prosper State Bank, Prosper. North Dakota. O. L. Engen. receiver, Fargo. Timmer State Bank, Timmer, North Dakota. C. F. Kellogg, receiver, Bismarck. Williston State Bank, Williston, North Dakota. G. R. Van Sickle, receiver, Minot. Citizens' State Bank, Pingree, North Dakota. C. H. Reimers, receiver, Carrington. Citizens' State Bank, Hazen, North Dakota. C. F. Kellogg, receiver, Bismarck. Security State Bank, Brantford, North Dakota. C. H. Reimers, receiver, Carrington. Bank of Leal, Leal, North Dakota. C. I. Buslee, special deputy examiner, Leal. Peoples' State Bank, Hatton. North Dakota. O. L. Engen, receiver, Fargo. Citizens' State Bank, Bathgate, North Dakota. John Vallely, receiver, Grand Forks. Sawyer State Bank, Sawyer, North Dakota. G. R. Van Sickle, receiver, Minot. Itemized lists of the assets are on file in the office of the state examiner at Bismarck, and with the receivers of the above banks. Bids should contain terms of payment and may include time certificates of deposit in going banks in the same community, all bids to be accompanied by certified check of one per cent of the amount of the bid. All bide should be addressed to Gilbert Semingson, state examiner, Bismarck, North Dakota, and the State Banking Board reserves the right to reject any and all bids. (Herald Oct. 26-27; Nov. 2-3.)

12. November 3, 1922 Grand Forks Herald Grand Forks, ND
Article from Grand Forks Herald, November 3, 1922

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LEGAL NOTICE BANK ASSETS FOR SALE Sealed bids for the purchase of all the assets of the closed banks listed below will be received up to November 15, 1922: Farmers State Bank, Greene, North Dakota. W. E. Burgett, receiver, Flaxton. Citizens' State Bank, Edgeley. North Dakota. O. L. Engen, receiver, Fargo. State Bank of Milton. Milton, North Dakota. John Vallely, receiver, Grand Forks. First State Bank, Crystal Springs, North Dakota. H. B. Hanson, receiver, Crystal Springs. Bank of New Rockford. New Rockford, North Dakota. C. H. Reimers, receiver, Carrington. Peoples' State Bank, Leith. North Dakota. C. F. Kellogg. receiver. Bismarck. Peoples State Bank, Grand Forks, North Dakota. John Vallely, receiver, Grand Forks. Crocus State Bank, Crocus, North Dakota. Fred F. Walz, receiver. Egeland. Security State Bank, Courtenay, North Dakota. C. H. Reimers, receiver, Carrington. Prosper State Bank, Prosper. North Dakota. O. L. Engen. receiver, Fargo. Timmer State Bank, Timmer. North Dakota. C. F. Kellogg. receiver, Bismarck. Williston State Bank, Williston. North Dakota. G. R. Van Sickle, receiver, Minot. Citizens' State Bank, Pingree, North Dakota. C. H. Reimers, receiver, Carrington. Citizens' State Bank, Hazen. North Dakota. C. F. Kellogg, receiver, Bismarck. Security State Bank, Brantford, North Dakota. C. H. Reimers, receiver, Carrington. Bank of Leal. Leal, North Dakota. C. I. Buslee, special deputy examiner, Leal. Peoples' State Bank, Hatton, North Dakota. O. L. Engen, receiver, Fargo. Citizens' State Bank, Bathgate, North Dakota. John Vallely, receiver, Grand Forks. Sawyer State Bank, Sawyer, North Dakota. G. R. Van Sickle, receiver, Minot. Itemized lists of the assets are on file in the office of the state examiner at Bismarck, and with the receivers of the above banks. Bids should contain terms of payment and may include time certificates of deposit in going banks in the same community, all bids to be accompanied by certified check of one per cent of the amount of the bid. All bids should be addressed to Gilbert Semingson, state examiner, Bismarck, North Dakota, and the State Banking Board reserves the right to reject any and all bids. (Herald Oct. 26-27; Nov. 2-3.)

13. November 30, 1922 The Ward County Independent Minot, ND
Article from The Ward County Independent, November 30, 1922

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BENEFIT OF BANK ASSETS SALE Editor Ward County Independent. N. D. Educational AssoDear Mr. Editor: It isn't often that we break into print and would not at this time, were ciation Met In Fargo it not for the fact that people who are not acquainted with the gentleThe 35th Annual meeting of the man and not familiar with foreclosure State Teachers' Association was held sales, might possibly think that exat Fargo three days last week, openSenator Mostad is a man of some iming its sessions on Wednesday under portance and accustomed to writing the leadership of G. W. Hanna, retirthe truth. ing President of the Association. All Under the circumstances, however, of the prominent educators of the it is not fair to my associates on the state helped make the meeting a sucGuaranty Fund Commission, to percess while the enrollment showed that mit his communication published in a greater number of the state teachyour valuabe paper to go without ing force than usual took advantage comment. The Guaranty Fund Comof the departmental work. mission is composed of Gov. Nestos, Principal speakers included GoverMr. C. B. McMillan of Hannah, North nor R. A. Nestos, Senator B. F. Baker, Dakota, an appointee of Gov. Nestos, Supt. Minnie J. Nielson, Judge A. M. Gilbert Semingson, State Examiner, Christianson, Nelson Sauvain of Mr. S. G. Severtson, former State ExDevils Lake, who is President for this aminer under Gov. Hanna and the unyear, and William Bishop Owen, Presidersigned, and these gentlemen are dent of the National Educational Asmen of at least ordinary intelligence, sociation. Special music was providwere aware of what was going on and ed by the Minneapolis Symphony Orwould hardly permit one of their memchestra. bers to take advantage of the situaOne of the most interesting features tion in the manner suggested by of this year's program was the sesfriend Mostad. sion devoted to the recollection of terHowever, Thorwald has good rearitorial pioneer days in education. sons to feel peeved and somewhat disGeorge A. McFarland, President of the gruntled over the situation. His acMinot Normal School and one of the ceptance of the Receivership of the founders of the Association, took Sawyer State Bank, is evidence that charge while persons who had served he believes the only qualifications as teachers during these early days necessary are to be able to control a were seated on the stage. Immedifew votes and draw his salary. From ately afterward an exhibit, illustrative the time of the closing of the bank of territorial history was shown, conuntil his removal by the State Banksisting of text books, pamphlets, reing Board in the spring of 1922, less ports, programs, photographs, and exthan one year, the expenses were amples of equipment and furniture. more than $3,900, and while we have Reunions, in the form of dinners not made a careful examination, we and luncheons, were held by the alumare informed that Thorwald, during ni, former students and teachers of that time, collected possibly $300 and the Mayville Normal, the Minot Nor.renewed one note. mal, and the Valley City Normal, and The Banking Board removed him in State Teachers College. the spring of 1922, but he didn't apThe Minot Normal School was repa prove of their actions and made resented at the Association by Elsie fuss, the matter much later was taken J. Cook and Mary Rud of the Model before Judge J. C. Lowe and he upSchool department, and by Huldah held the Banking Board, and Thorwald Winsted, Mrs. Florence Perkett and wasn't satisfied then, so he took the Julia McDonough of the Normal matter up before Judge Moellring, faculty. who also decided against him. In the Eleanor Bryson, who was unable to meantime, however, foreclosure of the attend the meeting, sent the paper collateral mentioned in Thorwald's which she had prepared, to be read. article had been commenced and for Miss Cook took this opportunity to the reason that those most interested present a text book which she had just in the bank did not want Thorwald to completed, "The Pupil's Workbook in handle the paper. He was obstreperGeography.' The Minot State Norous and evidently imagined that a Remal School enjoys the distinction of ceiver appointed by Gov. Frazier and having had a one hundred per cent O. E. Lofthus was larger than a mere membership in the Association since Nestos administration and the Courts the establishment of the local institution. had not at that time shown him someOfficers elected at the sectional thing about the law. The collateral which he sets out so meetings of the teachers were: elaborately is mostly good, being on Principal's section-H. S. Kirk, honest, well-to-do farmers who take Jamestown, president; Peter Anderpride in paying their debts whenever son, Lakota, vice president. crops and prices will permit, and the Elementary-Agnes Kjorlie, Enderfact that it was bid in for a small lin, president. amount merely indicates that there Commercial--A. J. Ostby, Fargo, were no other bidders. There is sufpresident; J. H. Bond, University, vice president. ficient after the Bills Payable are taken care of to pay Thorwad's salary Rural schools-Shirley Fox, Bisand expenses for several years, and marck, president. much of it is so good that it would Agricultural-R. D. Stewart, president. have required very little effort upon his part to collect it. Home economics-Myrtle G. Cole, Now, Thorwald made a lot of misA. C., president; Eleanor Bryson, Mitakes in his statement. We wouldn't not, vice president; Art, Miss Rasing, use a harsher term for we sympathize Jamestown, vice president. with him in his bereavement, the cutMusic-E. H. Wilcox, Grand Forks, president. ting off, during the first year of its Modern languages and Latin young life, of a perfectly good $10.00 Henry Haxo, Grand Forks, vice per day salary. We might enumerate president. these mistakes as follows: The Guaranty Fund Commission reEnglish-Mary Laycock, Grand ceives the full benefit of the foreForks, secretary-treasurer; Vera Bolclosure for the purpose of paying delinger, member executive committee. positors of the bank and the Northern Trust Co. now holds the paper in Impressive Funeral Services for Trust for the Guaranty Fund ComPerry L Hodge mission. The funeral of Perry L. Hodge, who The deficiency judgment vs. O. A. passed away at his home in this city Saastad has been satisfied. last Thursday evening, was held from The Northern Trust Co. does not the Masonic Temple Sunday afterown any stock in the Scandinavian noon at two o'clock, a large number American bank nor does any of its of friends joining with the members stockholders, and the writer owns no of the various Masonic bodies in paystock in the Northern Trust Co. ing their tribute of love and respect The writer represented the Guarto one of our very best citizens. anyt Fund Commission in all this In accordance with the wishes of transaction. the deceased, the funeral was conductYours very truly, M. R. PORTER. ed by Knights Templar, members of