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PRESIDENT OF HALSEY BANK TO BE PROSECUTED F. M. Ridings Agrees to Submit to an Information and Arranges $25,000 Bond. Lincoln, Dec. 26.-(Special Telegram.)-F. N. Ridings of Minneapolis, president of the closed state bank of Halsey, who reached here today from Minnesota, left Friday night in charge of County Attorney seat Reisner for Thedford, county atof Thomas county. The county would torney said before leaving he inon arriving at Thedford file an formation against Ridings charging him with converting and embezzling he the bank's funds. Mr. Ridings, and said, would submit to arrest he proffer a bond of $25,000 which obtained before leaving Minneap- he olis. The county attorney said had consented to this arrangement the and would offer no objection to bond. release of the banker on Cashier E. N. Dion, who will apford. pear as a witness, also left for ThedReturn From Trip. The return to Lincoln of State Bank Examiner Touzalin and County Attorney F. A. Reisher of Thomas county from their quest of funds to make good the shortage in the Farm- has crs' State Bank at Halsey, tenus not developed anything which the throw much new light on those matter, to except, according to cominvestigators, the Hagerty behind pany, which appears to be the whole matter, has spacious the quarters on the first floor of Metropolitan Life building in Minreapolis, furnished with mahogany of furniture and other evidences prosperity and that at least Halsey a part of the missing funds of the of bank went to help pay the rent the offices. "Jim" Had No Money. After getting to Minneapolis, make Mr. Touzalin found it, necessary to see trip to Bismark, N. D., to Bank a James Martin, manager of the the of North Dakota, to see if there, money. could not be raised- called but "Jim," as his Beach. associates The bank examiner him, had gone followed to "Jim" to Beach, of but found that Governor Frazier to that state and "Jim" had gone some hot springs in Wyoming. Touzalin then hiked back to Bis- the mark and saw the auditor of that North Dakota bank, who said money he could not advance any money because "Jim" anyhow. was away They and applied was other scarce banks in Bismark in hopes but to some were Hagerty, got in touch with "Jim," but was told that he had no money. Bank Was "Easy." Notes among the papers in pos- the session of Secretary Hart of the bureau disclose that for banking Halsey bank was "easy money" connect of the gentlemen the with some being responsible for pres- one ent condition of the bank. security. With The exception there is no given exception is a note for $1,400 prime B. Vedeler, one of the who by movers in the whole scheme, a.1 an insurance policy on in Oldsmobile gave roadster located Omaha. The others are a brother as follows: of Hagerty, $2,000; $2,000; H. J. Hjort, $2.Hagerty, W. H. Rick, $2,000; Geo. the W 000; Kidings, $2,000; Earl Capron quarknown former Minnesota other well $800, and several to notes terback, running from $2,000 down $700. Ridings and Dion, the cashier, Thomas are and will return to Reishere with County Attorney $2 500. ner county and have given bond for Ridings "Pans" Reporters. F. M. Ridings visited the bank- office the secretary of the state of department Friday afternoon Haling E. N. Dion, cashier of the by with bank, and was interviewed sey newspaper men. He seemed the rather inclined to "pan" the report- made ers because of the connection with of the trouble the bank was in denied Nonpartisan league. He had the that the Nonpartisan league connection with the bank or any Hagerty, Hastings, "Jim" Waters that and the rest were Nonpartisan leaguers. He said that when the truth was learned the officers of the Halsey be bank would have been found to more sinned against than sinning by in that they had been put "in bad h publicity. He denied that Waters the was connected in any way admitted with Nonpartisan league, but S that he was president of the Bank of North Dakota, which was established by the Nonpartisan league. He denied that he had any stock the Hagerty (Inc.) company, in but admitted that he had been acting as secretary-treasurer for several months. Secretary Hart of the banking department said that Mr. Ridings been able to explain some had things, but the main the statement as given out by the depart- far as ment embodied the facts so to the department had been able determine. Street Car Fare in Lincoln
