National Bank of North Dakota (Fargo, ND)

Article Text

BUSINESS SUSPENDED

Two Banks at Fargo, North Dakota, Closed. FARGO (N. D.), May 9.-The National Bank of North Dakota, of which E. A. Mears is President, was closed to-day by the National Bank Examiner, under orders from the Comptroller of Currency. The First National Bank of Lakota was also closed. The examiner will give out no statement of the assets or liabilities. Cashier Mears announces that the total indebtedness does not exceed $60,000, with assets of five times the amount. The bank officers state that the cause of the trouble is the large loan business and the fact that it is impossible at present to realize upon the securities. Individual deposits at the time of the last statement, May 4th, were only $3,243; demand certiticates, $4,452; time certificates, $14,229; national bank notes outstanding, $45,000; notes and bills rediscounted, $22,114, and bills payable, $16,000. At that time the bank only had as cash on hand $440 in legal tender notes and $49 in fractional currency. The statement was not published in any of the daily papers, but in the Weekly Republican, so few people saw it. Among the resources given were loans and discounts, $184,373; United States bonds, $30,000; stock and securities, $46,769; banking house and furniture, $5,451; real estate and mortgages owned, $34,999. The closing of the bank will have no effect upon the business of the city or county. It was merely a clearing house for a system of loan agencies. It had no depositors to speak of in this city or State, and what little money was there will undoubtedly be paid in full.

Article Text

IN THE FAMILY

The Way in Which the Mears Family Or. gauised Banka WASHINGTON, May 29.-The National Bank of North Dakote, as Fargo. N. D., and the First National band of Lakota, as Lakota. N. D., were closed to-day on orders issued by the comptroller of the currency. Both were organized by E. Ashley Mears, who was also organizer of other national banks and many state banks and other institutions. His plan. sayn the comptroller, appears to have been to make loans to various institutions subscribing to the stock of the two national banks in amounts which, in some cases, exceeded the amount of stock subscribed to by them. The management of Faigo bank was ostensibly conducted by n board of five directors, consisting most of the time of E. Ashley Mears, Mrs. W. B. Mears, Mrs. D. C. Meais and Miss L. D. Mears, respectively wife, mother and sister of the president, and one other director who was not a member of the Mears family. This bank owes the treasurer of she United States about $14,000 for moneys expended br the treasurer in the redemption of circuiating notes of the bank coming into the treasury for redemption, and for which the bank has failed to reimburse the treasurer. The comptroller says he ordered Examiners Brush and Diamond to close these banks because of reveated violations of law on the part of the management and refusal of assossments, thereby producing a condition rendering them insolvent and dangerous as banks of deposit. OTTUMWA. Iowa, May 29. Wells & Garretson, private bankers at Fairfield. suspended payment to await the result of collection. Their total liabilities are about $50,000 and $80,000. The senior member of the firm is C. A. Garretson, a millionaire, formerly of Musoatine and Bioux City. and now of San Diego, Cal. He has no immediate part in the management. Wells saye they will probably resume payment as soon as reply can be had from Garretson, or sooner. if collections can be made on matured paper in the bank. CHICAGO, May 29.-An assignment was filed in the cours this morning by Weaver, Gaetso & Co., one of the largest coal dealing firms in the city. The liabilities are scheduled at $250,000. and the assets $200,000.

Article Text

ABBREVIATED TELEGRAMS

Francis Bradley, of the well-known Chicago real estate firm of Baird & Bradley, is dead at his home in Evanston, Ill. He was 78 years old. William Henry, a brakeman; Frank Train, of Annapolis; William Mullainey, of Geneva, O.; John S. Layer, of Houtzdale, Pa,, and William Lock, of Newport, Ky., were killed and ten others badly hurt at Altoona, Pa., by the wreck of a circus train. Several lions and tigers got out and 'one of the wounded was bitten by a lion. Ex-Governor Fifer, of Iilinois, delivered the Memorial Day address at Peoria. Mrs. Crosby, who lives near Hazelhurst, Ga., shot a tramp dead who tried to outrage her. The diocesan convention of the Chicago Episcopal diocese is in session. Weaver, Getz & Co., the suspended Chicago coal firm, Assignee D. V. Purington believes, will be able to resume. He thinks also that there is an excellent prospect that the firm will pay 100 cents on the dollar. Henry Mansfield, one of the pioneers of Peoria, Ills., was found dead in his office. Obituary: At Winona, Minn., Philo P. Hubbell, aged 94. At West Bridgewater, Pa., Mrs. Jane Baumgardner. aged 97. Fred Berry, a 19-year-old Chicago boy, committed suicide at Lima, O. Colonel George M. Sternberg is to be surgeon general of the United States army, to succeed General Sutherland, retired. The venerable Journal of Commerce, at New York, has been sold to the proprietors of its younger rival, The Commercial Bulletin. Kansas bankers who have adopted the new rule of the Kansas City Clearing House association to govern charges for drafts and checks on out-of-town banks are now threatened with arrest under state law for going into a trust. The National Bank of North Dakota, at Fargo, and the First National bank, of Dakota, two institutions of the E. Ashley system, have been closed. Frank M. Dorsey, cashier of the First National bank of Ponca, Neb., which recently failed, has been indicted for falsifying the accounts of the bank. The Worley bank at Ellettsville, Ind.. has failed. The liabilities are $35,000 and the assets $50,000. Colonel J. Albert Mills, acculled of embezzling funds of the Victoria mills. of which he was agent, at Newburyport, Mass., and for whom warrants are issued, is believed to have gone to Canada. Oregon papers report the marriage of Miss Grace Penney to William Nickel.

Article Text

We observe that the National Bank of North Dakota, located at Fargo, and the First National Bank of Lakota, of Lakota, N. D., have both been closed by the Comptroller of the Currency. These banks were both run by E. A. Mears. For some years past Mears has sent circulars east giving a very roseate view of his institutions and soliciting investments. Mears seems to have been the Dwiggins of North Dakota. A lot of little bank were established by him in various parts of that state, Eastern men having been induced to take stock in them by the promise of 12 per cent interest. Since 1891, however, no dividend has been paid. None of these banks had over $30,000 or $40,000 on deposit, and the most of them not so much.

Article Text

MEARS IN LIMBO

The Fargo Banker, With a Financial System of His Own is Finally Run Down. By Order of the Comptroller of the Currency, Examiner Diamond Closes the Doors. Score of State Banks Depending On the Parent Likely to Follow Suit. Mears' Bank Goes Up. FARGO, May 29.-The National Bank of North Dakota was to-day closed by order of the comptroller of the currency, and is now in the hands of Bank Examiner Diamond. It was controlled by E. Ashley Mears, who manages a dozen other national and state banks in North Dakota. The institution never had the confidence of the people of the state, but drew its patronage from the east. Its failure will not affect Fargo institutions, the other banks of the city not having had any intercourse with the one which failed. The First National Bank of Lakota was also closed to day. This is another Mears bank. Examiner Diamond refuses to make known the assets and liabilities of the institution until the affairs of the network of banks are straightened. .Mears' methods have long been criticized in the state, and it is hinted he will lose nothing by the failure, eastern stockholders being the ones to suffer.

Article Text

MINOR NEWS ITEMS

For the Week Ending May 31. The cholera has again appeared in Hamburg. The business portions of Standish, Mich., and Newton, Miss., were burned. Mrs. Jane Baumgardner died at West Bridgewater, Pa., aged 107 years. Ex-Congressman Logan H. Roots, of Arkansas, died from congestion of the brain. Floods in the northwestern parishes of Louisiana have made 10,000 persons homeless. A decree expelling the Chinese has been issued by the government of San Salvador. The Bank of Puyallup, at Puyallup, Wash., closed its doors, with liabilities of $80,000. Three children were burned to death at the home of Samuel Skiles near Pittsburgh, Pa. A permanent bureau is to be opened in New York city by the national republican committee. Large numbers of Mohammedans are said to be preparing to emigrate from India to America. postmaster Hope, Corrial Kniffin. who of shot Ark., was slain by tramps him from ambush. Cililio Lucero was lynched at Las Vegas, N. M., for the murder of a sheepowner and his herder. Scrip to the value of $107,000 was found in an unclaimed valise which had been sold in Montreal. A. B. Moore, who killed his wife's paramour, Henry Reynolds, was acquitted at Grand Rapids, Mich. The St. Paul road is reducing its forces, 4,000 men having been discharged within a few days. in the levee north sas Ark. put a large A City, break of portion Arkan- of Desha county under water. A. Beck's planing box C. mill damaged and to factory at Milwaukee was the extent of $90,000 by fire. The Big Stone Gap Land company of Tennessee, capitalized at $2,000,000, has been forced into liquidation. Members of the Presbyterian assemare bly indignant because yacht. President Cleveland spent Sunday on a Chauncey M. Depew was reelected president of the New York society of the Sons of the American Revolution. It was announced that China would terminate all relations with the United States if the Geary law was enforced. The tug John A. MacDonald, which left Kingston, Ont., with a raft for Quebec, was given up as lost with her crew of eight men. The national bank of North Dakota at Fargo was closed by the examiner, and the bank at Beresford, S. D., closed its doors. It was reported that 5,000 residents of Pasto, Ecuador, were suffering from influenza and that fully one-fourth of the cases proved fatal. southwestern Arkansas a In of cyclone houses blew down a large number and at Hope seven persons were injured, two fatally. Milburn, aged 30, son of the blind of the F. H. chaplain with United States in senate, cut his throat a razor Chicago while despondent. Jacob Sleeper, of Massachusetts, has been appointed consul general to Colombia, and Dr. W. A. Anderson, of La Crosse, Wis, to Montreal. Purcell Thomas, an aeronaut, attempt to descend from the Parade house roof at Buffalo with the aid of an umbrella and was instantly killed. Warrants have been issued for several dishonest world's fair gate keepers. to 10,000 souvenir From 5,000 purloined daily. tickets are said to have been Blanche Weber, of the $1,000 piano in won Miss the Wyaconda, annaal piano contest at Hardin college, Mexico, Mo. There were fifteen contestants. The blooming mill. engine room and boiler house of the Lackawanna steel decompany at Scranton, Pa.. were stroyed by fire, the loss being $125,000. Curtis Purdue, treasurer of the East Liverpool (O.) lodge of the Knights of Maccabees, has disappeared, together with all the funds of the order, amounting to several hundred doilars. A panic in a crowded church at Garmersheim, Bavaria, was caused by a cry of fire and four children were trampled to death and twenty-seven women received fatal injuries. The heaviest rainfall in years occurred throughout Tennessee. Missis Arkansas and Louisiana and the was flooded sippi, whole country and incalculable damage was done to planters. A Private Bank Fails. BLOOMINGTON, Ind., May 30.-The litof Ellettsville was Monday by the tle town morning failure surprised of the Worley bank at Ellettsville, a private

Article Text

RECEIVER FOR FARGO BANK

John D. Benton, of Fargo, Appointed This Morning. WASHINGTON, June 7.-John D. Benton, of Fargo, has been appointed receiver of the failed National Bank of North Dakota, at Fargo, N. D.

Article Text

Bank Receiver in Dakota

John D. Benton of Fargo has been appointed receiver of the failed National Bank of North Dakota at Fargo, N. D.

Article Text

Benton as Receiver

WASHINGTON, June 6.-John D. Benton, of Fargo, was today appointed receiver of the National Bank of North Dakota, at Fargo.

Article Text

SOCIETY OF THE CUMBERLAND

News of Interest to Veterans-Washington News Notes. WASHINGTON, D. C., June 6.-The officers of the Society of the Cumberland have been engaged for six months, and with great success, upon original work of much interest to veterans. It has undertaken to obtain the names, postoffice address and occupations of the survivors of that army. The object IS to print a roll of honor. The historian, Colonel G. C. Kniffen, has already secured the addresses of 112,000 survivors. Mr. Thurston, the newly appointed Hawaiian minister, has presented his credentials. He called at the State department yesterday, but was unable to see Secretary Gresham. Today, however, he was successful, and although Secretary Gresham was about to start for the cabinet meeting he delayed his departure long enough to receivo the new minister and accept his credentials. Within a few days Mr. Thurston will be presented to the president. John Benton of Fargo, N. D., was today appointed receiver of the National bank of North Dakota at Fargo. Comptroiler Eckels has appointed William Latimer of Missouri and William N. Ewing of Kansas, bank examiners. The final payments of the Choctaw and Chickasaw Indians claims, amounting to nearly $3,000,000. were made today by the Treasury department. Today the Treasury department has gained nearly $1,000,000 in gold, offsetting the amount taken yesterday for shipment. This makes the net treasury gold about $90,000,000.

Article Text

OUR PROSPERITY COLUMN

FOSTORIA, O., May 29.-Saturday night the N. Ports Hardware Company, in which ex-Governor Foster is interested, made an assignment and Port's farm in the oil region was attached. BROWNWOOD, TEX., May 27.-The First National bank of this city has suspended and 8 receiver will be appointed. The amount of assets and liabilities is not given. It is said by the directors that the depositors will be paid in full, but the stockholders will lose all. KANSAS CITY, May 29.-The Farmers' & "Merchants' Lumber Company yards at Kansas City, Kas., was seized to-day by George L. Chapman, 8 capitalist of Pittsburg, Pa., under a chattel mortgage. The mortgage under which the seizure was made was executed several months since, when S. B. Baker, a wealthy lumber dealer of Chicago, who owns the yards, borrowed $100,000 from Chapman, executed his note for the amount secured by the yards here and also some valuable realty in Chicago. The seizure was prefaced on Sunday morning, when S. Baker executed a mortgage on property in Kansas City, Kas., and in various other parts of the state in favor of the National bank of Chicago, to secure the payment of certain obligations due and soon to be due the bank. OTTUMWA, IA., May 29.-Wells & Garretson, private bankers at Fairfield, have suspended payment to await the result of collections. The deposits are small and the suspension was not unexpected. The liabilities are $50,000; assets over $80,000. CINCINNATI, May 29,-A. Steinon, a prominent jeweler, has assigned to Albert Mac. Assets, $65,000; liabilities, $72,000. MACON, Mo., May 29.-The Loomis Coal Company, of Bevier, Mo., went into the hands of a receiver this afternoon. A correct statement of the affairs of the concern have not been given out, but it is known the assets will amount to $300,000, and that the liabilities will exceed that amount. CHICAGO,May -Unable to get financia 1 help from local banks, Weaver, Getz & Co., coal dealers, with headquarters at 217 and 219 Dearborn street, have been driven to a temporary suspension, Their liabilities, consisting principally of indebtedness for coal throughout Ohio, Indiana and Illinois, will reach $300,000 it is said. WASHINGTON, May 29.-The National bank of North Dakota, Fargo, N. D, and the First National bank of Lacota, at Lacota, N. D., were closed to-day by orders issued by Mr. Eckels, comptroller of currency. Both these banks were organized by E. A. Ashley Mears, who is also the organizer of other national banks and of many state banks and other institutions. His plan, says the comptroller, appears to have been to make loans to various institutions, subscribing to the stocks of the two national banks in amounts which in some cases exceeded the amount of the stock sub. scribed to by them. The management of the Fargo bank was ostensibly conducted by 8 board of five directors, consisting most of the time of E. Ashley Mears and wife, mother and sister of

Article Text

WEST AND SOUTH

WEAVER, GETZ & Co., one of the largest and most important firms in the coal business in Chicago, suspended with liabilities of $500,000. AT Roanoke, Ind., Christian Haberkus, ag41 72, while temporarily insane killed his wife, aged 70, and then took his own life. WHILE walking on the Central railroad near Milner, Ga., Rev. William Graham and wife were struck by an engine and both were killed. ON the Lake Shore and New York Central roads the fast train service was successfully inaugurated. The "exposition flyer," west bound, reached Chicago in 19 hours and 57 minutes, three minutes ahead of time, while that going east arrived in New York thirty seconds in advance. LOGAN H. ROOTS, a member of the Fortieth and Forty-first congresses, died from congestion of the brain at his home in Little Rock, Ark., aged 52 years. FLAMES destroyed the business por tions of Standish, Mich., and Newton, Miss. A CYCLONE in southwestern Arkansas destroyed a large number of houses and at Hope seven persons were injured, two fatally. IN Tennessee the Big Stone Gap Land company, capitalized at $2,000,000, has been forced into liquidation. THE creditors of ex-Gov. Foster in Cincinnati have ageed to accept fifty cents on the dollar. THE national bank of North Dakota at Fargo and the bank at Beresford, S. D., closed their doors. IN a collision between suburban trains at Austin, Tex., two persons were killed and ten injured. ON the world's fair grounds Montana's statue of Justice, made of silver worth $75,000, and standing on a gold pedestal valued at $200,000, was unveiled. AT South Upatoc, Ga., a cyclone wrecked several houses, destroyed plantations and killed Mrs. George Parker and her daughter. THE Capital national bank at Indianapolis has been given permission to resume business, but the request of the Chemical bank of Chicago to resume has been refused. JAKE GAUDAUR, of Canada, and James Stansbury, of Australia, will row for the championship of the world August 17 at Pullman, Ill. THE men discharged at Davenport, Ia., from the Rock Island & Pacific railroad for visiting saloons while on duty will not be reinstated. MUTHLEISEN & Co., wholesale lumber dealers at St. Joseph, Mo., failed for $150,000. THE town of Rosedale, Miss., was destroyed by a cyclone and five persons were killed and many hurt. AT Jefferson Springs, Ark., John Wallace (colored) was lynched by a mob of his own race. He had assaulted Ida Warren, a 9-year-old colored girl. A LARGE colony of Mohammedans will settle in Georgia. They have, through an agent, secured 25,000 acres of land in that state and the option upon as much more.

Article Text

WEST AND SOUTH

WEAVER, GETZ & Co., one of the largest and most important firms in the coal business in Chicago, suspended with liabilities of $500,000. AT Roanoke, Ind., Christian Haberkus, ag41 72, while temporarily insane killed his wife, aged 70, and then took his own life. WHILE walking on the Central railroad near Milner, Ga., Rev. William Graham and wife were struck by an engine and both were killed. ON the Lake Shore and New York Central roads the fast train service was successfully inaugurated. The "exposition flyer," west bound, reached Chicago in 19 hours and 57 minutes, three minutes ahead of time, while that going east arrived in New York thirty seconds in advance. LOGAN H. ROOTS, a member of the Fortieth and Forty-first congresses, died from congestion of the brain at his home in Little Rock, Ark., aged 52 years. FLAMES destroyed the business por tions of Standish, Mich., and Newton, Miss. A CYCLONE in southwestern Arkansas destroyed a large number of houses and at Hope seven persons were injured, two fatally. IN Tennessee the Big Stone Gap Land company, capitalized at $2,000,000, has been forced into liquidation. THE creditors of ex-Gov. Foster in Cincinnati have ageed to accept fifty cents on the dollar. THE national bank of North Dakota at Fargo and the bank at Beresford, S. D., closed their doors, IN a collision between suburban trains at Austin, Tex., two persons were killed and ten injured. ON the world's fair grounds Montana's statue of Justice, made of silver worth $75,000, and standing on a gold pedestal valued at $200,000, was unveiled. AT South Upatoc, Ga., a cyclone wrecked several houses, destroyed plantations and killed Mrs. George Parker and her daughter. THE Capital national bank at Indianapolis has been given permission to resume business, but the request of the Chemical bank of Chicago to resume has been refused. JAKE GAUDAUR, of Canada, and James Stansbury, of Australia, will row for the championship of the world August 17 at Pullman, III. THE men discharged at Davenport, Ia., from the Rock Island & Pacific railroad for visiting saloons while on duty will not be reinstated. MUTHLEISEN & Co., wholesale lumber dealers at St. Joseph, Mo., failed for $150,000. THE town of Rosedale, Miss., was destroyed by a cyclone and five persons were killed and many hurt. AT Jefferson Springs, Ark., John Wallace (colored) was lynched by a mob of his own race. He had assaulted Ida Warren, a 9-year-old colored girl. A LARGE colony of Mohammedans will settle in Georgia. They have, through an agent, secured 25,000 acres of land in that state and the option upon as much more.

Article Text

As a blood purifier, the most eminent physicians prescribe Ayer's Sarsaparilla. It is the most powerful combination of vegetable alteratives ever offered to the public. As a spring and family medicine, it may be freely used by old and young alike. THERE have been four escapes from Sing Sing within the past two months, and at latest reports prisoners were still busily getting away. Wauted A capable woman to cook, wash and keep house on a ranch. Wages, $20 per month. Address, A. B. Tribue Office. JOHN D. BENTON has filed his bond for $50,000 as receiver for the National Bank of North Dakota, at Fargo, and assumed possession.

Article Text

Mears Can Not Resume

W ASHINGTON, Nov, 15.-The fact that the citizens of Fargo, N. D., are about to petition Controller Eckels to allow that Napoleon of finance, E. Ashley Mears, to reopen the National Bank of North Dakota does not produce the shadow of relenting on the part of that official. He adheres rigidly to his previous and oft-expressed determination that E. Ashley Mears can not run a national bank at Fargo or anywhere else as long as James H. Eckels is controller of the currency.

Article Text

Mears Can Not Resume

WASHINGTON, Nov. 15.-The fact that the citizens of Fargo, N. D., are about to petition Controller Eckels to allow that Napoleon of finance, E. Ashley Mears, to reopen the National Bank of North Dakota does not produce the shadow of relenting on the part of that official. He adheres rigidly to his previous and oft-expressed determination that E. Ashley Mears can not run a national bank at Fargo or anywhere else as long as James H. Eckels is controller of the currency.

Article Text

Mears Barred Out

Devils Lake News: The fact that the citizens of Fargo are about to petition Controller Eckels to allow that Napoleon of finance, E. Ashley Mears, to reopen the National Bank of North Dakota. does not produce the shadow of relenting on the part of that official. He adheres rigidly to his previous and oft-expressed determination that E. Ashley Mears cannot run a national bank at Fargo or anywhere else 80 long as James H. Eckles is controllor of the currency. Mr. Eckles said to the Pioneer Press correspondent at Washington, last week : "I have not yet received the petition which I understand has been circulated at Fargo,but I have received a letter from Mr. Mears. He asks me to revoke my former decisston and says that he is afraid that I have been prejudiced against him by ex.parte evidence. I replied that I was most decidedly prejudiced against his business methods and that my opinion was formed by the examination of letters, reports.and other papers which are a part of the official records of my office. No petition can change the facts which these documents present, and I shall not consent to the reopening of this bank if Mr. Mears is to be connected with it in any capacity."

Article Text

insane asylum

Between 20 and 30 from that county are still in duress. W. A. Hamilton's four-year term as postmaster of Devils Lake, will expire February 14th, and there are said to be five candidates for the position. At Grafton, the Robertson 'Lumber company, announces that the coal trust is "bust." They sell the best hard coal at $9 per single ton, delivered. Comptoller Eckles has ordered Receiver Benton to pay a dividend of 40 per cent. to the creditors of the National bank of North Dakota at Fargo. Stockmen and ranchmen in the western part of the part are importing stag hounds with which they hope to clean out some of the numerous prairie wolves. Postmasters appointed: Golden Lake, Steele county, J. T. Kolden, vice W. H. Ullensaker, removed; Praha, Walsh county, Felix Ruzicka, vice W. Ruzicka, resigned. The mandamus suit brought by the Fargo Agricultural college board against the state auditor, to compel him to issue warrants for building expenses, has been dismissed. John Bridston, treasurer of Rolette county, has resigned, to engage in business at Grand Forks; The county commissioners appointed W. A Duncan to fill the vacancy. A physician says it is reported, and not exaggerated, that there are a thousand people sick in Grand Forks. It is likely that the water and sewerage have much to do with the epidemic. The authorities of the insane asylum have announced that they cannot receive any more patients at present, as the accommodations will not allow any increase in the present number of patients. Mrs. Hincly, the old lady who made a desperate attempt to suicide a few days ago at Grand Forks, made a second attempt but was again frustrated. She says she will yet take her life, however, at the first opportunity. Mrs. Hansbrough is dangerously ill in New York. A letter received from Senator Hansbrough states that his wife is in precarious condition. Physicians in attendance have notified the senator that her chances for recovery are doubtful. Samuel L. Copeland, the Moorhead bank robber, has pleaded guilty of robbery in the first degree. The penalty prescribed by law is imprisonment in the penitentiary for a term of not less than five years nor more than twenty years. Roxy Reber, a salcon proprieter at St. Paul, and formerly of North Dakota, gave away last week, 1,000 loaves of bread and 1,000 pounds of sausage to 400 unemployed workingmen, who were seeking work under the auspices of the citizens relief committee. The presence of the grand jury at this term of the district court at Jamestown, is causing considerable anxiety among some citizens there, whose absence at this time is noticeable. There are enjoying short holidays in Minneapolis in the neighborhood of Moorhead. Hon. N. G. Larimore, who has recently returned from St. Louis, reports times much harder than in North Dakota. It is his opinion that the people of this state are in much better circumstances and their prospects brighter than the people of any other section of the country. Attorney Charles A. Stanley has been appointed receiver of the Dawson State Bank, and will qualify at once and enter upon the discharge of the duties of the office. The bank affairs are much complicated, and the receiver has hard work in sight. The early west bound Great Northern freight met with a mishap just beyond the Grand Forks yard limits Saturday. By the breaking of a bolt under one of the cars, the car was thrown off the track and with several cars following, were piled up in a demoralized condition. Captain M. L. McCormack of Grand Forks, Hon. W. C. Leistekow, of Grafton, G. G. Beardsley, of McCanna, and E. A. Hendrikson, of Larimore, compose a party in St. Paul bound for the city of Mexico. They will spend a large part of the winter looking over the country and enjoying the agreeable change of climate. Gran d Forks papers say the office force of the North Dakota Milling as sociation has the grippe. Not all of the member are 80 inclined, but enough of them to make the fact apparent on looking into the office. Assistant Manager Holmes is among the unfortunate ones, Manager Turner still remaining insin

Article Text

ONE OF MEARS' BANKS

National Bank of North Dakota Reorganizing. Special to the Globe. FARGO, N. D., July 5.-At a meeting of the stockholders of the National Bank of North Dakota, held in Receiver Beaton's office, it was voted to end the receivership and J. A. Hanway, of New York city, was elected agent to hold the assets while the reorganization is perfected. This is one of the E. Ashley Mears concerns, and William B. Mears is mostly instrumental in the reorganization. The gentlemen from New York in the city representing the stockholders of the bank are J. A. Hanway, E. Plummer and George Kitman.

Article Text

Said to Be Short

Fargo, N. D., Dec. 21.-J. A. Hanway, receiver for the defunct National Bank of North Dakota, was arrested in Fargo on a charge of being short $10,000 in his accounts.