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BANK RESUMES BUSINESS. Inability to Get Cash Had Caused Temporary Suspension. The Dunseith State bank, which closed its doors a short time ago, resumed business last week. It has securities to secure plenty of cash from Eastern banks. Its embarrassment was due entirely to a shortage of cash, as its securities are all good. Most of the leading patrons have resumed business relations with it, and a nummer have made deposits, showing complete confidence in the management.
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# RECEIVERSHIPS OF CLOSED BANKS VERY COSTLY, # REPORT MADE BY GUARANTY COMMISSION SHOWS Enormous expense of conducting receiverships of closed banks in the state is shown in the tabulated statement which the Depositors' Guaranty Fund Commission has submitted to the legislature in connection with its general report on the condition of affairs in the banks and in the fund. The commission in its summary called attention to the manner in which expenses mount in closed banks. The total expense of the receiverships from the time of first closing on November 11, 1920 to Jan. 1, 1923, is given as $413,713.74. During this same period there was accomplished a liquidation of loans and discounts of the closed banks of $1,251,465.00. There was listed as expense in collections on borrowed money $94,964.03. The expense of the receiverships from November 18, 1920 until Jan. 1, 1922, or a year and about a month and a half, is placed at $243,877.40. The expense of conducting the affairs of the closed banks in the year ending Jan. 1, 1923, is placed at $169,836.34. There is shown a reduction in borrowed money of the closed banks of $1,220,262.17, which was accomplished through the collection of loans and discounts in a little larger amount. On January 1, 1923, the closed banks had $8,568,766.00 of loans and discounts, and the amount of borrowed money was $1,327,040.03. Of the notes held by the banks $1,094,363.00 collectable was pledged collateral to secure borrowed money, $1,260,770.00 was uncollectable pledged collateral; and $1,186,096.00 was rated as uncollectable, unpledged loans and discounts and warrants. Assets of closed banks include banking house furniture and fixtures valued at $247,452,00, other real estate valued at $567,927.00. The guaranty fund, which amounts to $598,146.43, has $24,402.81 in closed banks of the state; $85,567.06 in open banks on special deposit; and $488,176.56 in general deposits in all other state banks. The distribution of the deposits is not recorded. The Depositors Guaranty Fund Commission has sold the assets of three banks-the State Bank of Bantry; the Farmers and Merchants Bank of Robinson; the Dunseith State Bank. A 20 percent dividend paid the depositors of the Peoples State Bank of Grand Forks is the only dividend recorded paid. Assets have not been rated in the following banks: Security State Bank of New England; Farmers State Bank of Havelock; Mohall State Bank of Mohall; Farmers State Bank of Rhames; First Security Bank of Carpio; Scandinavian-American Bank of Fargo; Peoples State Bank of Leith; Crocus State Bank; Farmers State Bank of Walum; First State Bank of Amidon; Slope County State Bank of Amidon; Regent State Bank of Regent; Bank of Mowbray. The names of the closed banks, and the situation with respect to depositors held to be guaranteed, etc. is given in the table below:
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April Term of District Court Opens Tomorrow The regular monthly term of district court for Burleigh county will open at the court room tomorrow morning with Judge Fred Jansonius on the bench. Only court cases will be heard. The following are listed for trial: Frank J. v. Kiebert vs. City of Bismarck. L. R. Baird as receiver of Citizens State Bank of Bisbee vs. John Anderson, Lisa Johnson, et al. Charles J. Anderson vs. Oscar A. Sorsdahl. Federal Intermediate Credit bank of St. Paul vs. Grant Lindsey. L. R. Baird as receiver of the Dunseith State bank vs. M. J. Anderson, G. R. Conoboy, P. M. Conoboy, et al. City of Bismarek vs. Charles B. Whittey, Ella O. Casselman, et al. J. W. Pauley vs. Adolph Kutchera. Francis Jaszkowiak vs. H. G. Higgins, George Helling and Olaf Olson. Joseph Sorch. Jr., vs Olga Avch. formerly Olga Young, Elma B. Merrild, Elise R. Johnson and C. V. Danielson. J. H. Cross vs. Leonard Speaks and James E. Potter. Francis Jaszkowiak vs. E. A. Paul. John Payseno vs. Mellissia Wilson, Ed. Peterson, Quick Print, a corporation. Clement A. Launsberry, Bruce L. Aldrick and George F. Hine. L. R. Baird as receiver of State Bank of Hensel vs. L. O. Anderson, P. J. Farr and Minnie Farr. et ai. M. M. Ruder vs. O. C. Ellingson and L. J. Wehe. Mike Breah vs. Arthur Damstrom. Lyon & Healy vs. P. W. Chubb. Dr. W. P. Thelan vs. K. R. Knowles. Helen Kaline vs. Vincent Kaline. Florence M. Little, Clara Little Brown, Laura Lucille Little. Helen
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Albin Anderson vs. Jacob J. Berg, Jrโ et al. Citizens State bank of Goodrich vs. Fred Walz (two cases). L. R. Baird as receiver of the Farmers and Merchants Equity bank of Jud vs. M. F. Blanco et al. L. R. Baird as receiver of the Farmers Bank of Fessenden vs. A. L. Volkmann et al. G. I. Regnier vs. John Jacobson et al. Fred Prokop vs. O. W. Roberts. August I. Asplund vs. O. W. Boberts. First National bank of Underwood vs. G. R. Thompson. L. R. Baird as receiver of the American Exchange bank of Watford City vs. Anthony Walton et al. Otis School district No. 28 vs. L. A. Crowell and state bonding fund. W. H. Ebeling vs. Marcus Agnew. William Langer and Samuel L. Nuchols vs. Julius Waldenberg and the Kidder County bank. L. R. Baird as receiver of the State Bank of Olmstead vs. H. M. Disher et al. Union Farmers State bank, New Salem, vs. Robert Krutzner. James T. McCulloch vs. RussellMiller Milling company, et al. L. R. Baird as receiver of the Farmers State bank of Greene vs. Elisa M. Rosevold et al. Robert Krutzner and E. W. Anderson vs. Adolph Miller. Rollin Welch vs. James and Ethel Swanick. Farmers State bank of Baldwin vs. Merl White. C. W. Reichert vs. Seymour Arneson. C. W. Reichert vs. John J. Brose. C. W. Reichert vs. C. J. Rue. City National bank of Bismarck vs. Peter Jones. Fred Manson vs. Menoken Farmers Cooperative association, et al. C. W. Reichert vs. Oscar Magnuson. L. R. Baird as receiver of People's State bank of Grand Forks vs. Tom and Mrs. Thos.' Mann. Walfred Asplund vs. C. V. Danielson. The Cable company vs. Alfred Borkhart. State vs. Equity Grain and Mercantile company et al. R. S. Clark vs. Northern Pacific Railway company. State vs. Jas. H. Litt. Mary Kraft vs. Joseph and Edna K. Coghlan. J. G. Spitzer vs. Burleigh County State bank. E. W. Anderson and Robert Krutzner vs. P. N. Spiche. Florence M. Little vs. Ole G. Hagstrom. Albin Hedstrom, sheriff, vs. J. A. and Bertha Worden. Dalton Adding Machine Sales company vs. H. C. Arnold. L. R. Baird as receiver of the State Bank of Hensel vs. L. O. Anderson et al. Fred A. Bobb vs. Jacob Jangula. Heinrich Schatz and ,Christine Schatz vs. Karl Klein. Frank J. V. Kiebert vs. City of Bismarck. L. R. Baird as receiver/ of the Citizens State bank of Bisbee vs. John Anderson et al. State vs. Carl V. Anderson. Federal Intermediate Credit bank of St. Paul vs. Grant Lindsey. L. R. Baird as receiver of the Dunseith State bank vs. M. J. Anderson et al. City of Bismarck vs. Charles B. Whittey et al. F. H. Carpenter Lumber company vs. N. A. Freeberg. J. W. Pauley vs. Adolph Kutchera. Remington Typewriter company vs. Walter McMahon.
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Rellin Welch vs. James Swanick and Ethel Swanick. Farmers State bank of Baldwin vs. MerlyWhite. COURT L. R. Baird, receiver of Peoples State bank of Grand Forks, vs. Tom Bowen by Mann and Mrs. Tom Mann. in 1931. itey, State for E. C. Ruble vs. Equity at charge Grain & Mercantile company, and it Since Northern Trust company. to a in State ex rel W., E. McCurdy vs. was transJas. H. Litt. with the Mary Kraft vs. Joseph Coghlan and S. Nuessle Edna K. Coghian. to accept J. G. Spitser vs. Burleigh County stipulation State Bank. Florence M. Little vs. Ole G. HagCounty strom. Burleigh L. R. Baird, receiver State Bank of terms, veral Henzel, vs. L. O. Anderson, P. J. to returned Farr, Minnie Farr. et al. this of year Fred A. Bobb VS. Jacob Jangula. acated Judge Heinrich Schats and Christine the case Schatz vs. Karl Klein. for county Federal Intermediate Credit Bank Judge Coffey of St. Paul vs. Grand Lindsey. and hear L. R. Baird, receiver of Dunseith seen. State bank, vs. M. J. Anderson, G. R. nine cases, Conoby, P. M. Conoby, et al. the baland Remington Typewriter company vs. the DecemWalter McMahon. of majority City National Bank of Bismarck enfor are vs. W. S. Malard. although First National Bank of Wilton vs. driving Farmers Union Elevator & Mercandeoxicated, tile company, V. L. Anderson, J. M. slander, Thompson, J. T. Hilsdorf, Albin having Hedstrem, J. E. Ecklund. threatening Catherine McDonald vs. John A. McDonald. number L. R. Baird, receiver of Security stinued from State Bank of Karlsruhe, vs. Frank the balance Boechler, John Bossert, et al. Harry Wetzel vs. Martin Tollefcalendar son. Maggie Ensz vs. Peter Ensz, Jr. State vs. Northern Packing comoperating pany. ntoxicated. Sheridan County State Bank of enFinstad, McClusky vs. J. C. Tees. Fred Grady vs. Everett Porter. L. R. Baird, receiver of Farmers engaging Bank of Bergen, vs. Martin Asplund and Emma Vibeto. maliNils Lovin vs. A. M. Brandt. M. M. Ruder vs. 0. C. Ellington and Homer and Mrs. O. C. Ellingson. Lola Markley vs. First Guaranty in engaging Bank. Charles B. Rosen and Isham Hall removvs. John Hare. Elizabeth H. Thompson vs. R. Jolargrand seph Fairchild. C. A. Finch Lumber company vs. a driving J. A. Raswick. oxicated. Mrs. Margarette Lattimorelle vs. Harry Schonert. Maryland Casualty company vs. C. robbery. C. Hibbs. threatenFred Nelson vs. Joseph McClusky. Chas. J. Fisk vs. Interstate Transb driving portation company. oxicated. J. W. Burch vs. E. Slovrap and E. engagA. Slovrap. Sam Skrupnuk vs. E. G. Patterson. engaging New Civil/Cages L. R. Baird, receiver of Bismarck barMurphy, Bank, vs. E. T. Burke. L. R. Baird, receiver of Farmers engaging State bank of Grenora, vs. E. N. Fuller, A. C. Scott, et al. slander of First National Bank of Washburn vs. Baldwin school district No. 29 in in engaging Burleigh county. Henry Verthein vs. Russell Bryan. desertion Eliza Dixon vs. Burleigh county. and wife First National Bank of Bismarck vs. Jacob Siirtola, Kustaa Lehto and engagAnton W. Lepisto. Geo. Payseno VE. Hudson Insurkeeping ance company. nuisance. Burdella B. Helgeson vs. August in engaging Westerman. Jacob Spitzer vs. George E. Beatty. assault and Wojciech Partyka and Stanley Moisa vs. George E. Beatty. in engaging D. J. Minogue vs. Frank L. Hubbard. threatenA. M. Thune vs. H. E. Wildfang. Valentine Steiner vs. Paul Willmaliciousman. Roy George vs. Lizzie George. having L. R. Baird, receiver of Merchants State Bank of Werner, vs. L. C. deserhis Hulett, Glen Hulett and D. A. Huwife lett. J. H. Schriver vs. L. C. Hulett, larceny. Glen Hulett and D. A. Hulett. vs. Robert Herman Laskin vs. Todd Land comtraffic ordipany and C. B. Little. E. C. Ruble vs. A. H. Meland. working Edith Spitzer vs. C. W. Spitzer. a week days L. R. Baird, receiver of Hansboro a day. State bank vs. Towner County Land John Giese, and Loan company, Charles E. Blackorby, et al. Ira Taylor, Company A. vs. Edmond A. Hughes, mureffrey, et al. Vivian Finlayson VS. H. M. Bryan, tinued et al. Worden Cammack Piano company vs. P. W. State Bank Chubb. Anna J. Freed vs. Grand Lodge ะ. company O.-U. W. W. W. Kimball company vs. Zakkie Hall. Thomas Asar and P. W. Chubb. vs. Regan Yellow Cab company vs. CorwinKnutson. Churchill Motors, Inc. Dakota P. W. *Chubb vs. Cammack Piano Bureau. company, et al. Driscoll Consolidated school distriet No. 36 vs. Farmers & MerFarmers chants State Bank of Driscoll, et al. company. North Ethel Westbrook vs. Henry C. Dakota Westbrook. Bureau. L. J. Wehe vs. C. W. Snyder, et al. Beyer. of Rese Siegel va. Insurance company Security of North America. and Page John E. Karpen vs. Albert Beck. Mercantile George Christo vs. W. A. Kern. F. H. Carpenter Lumber company of vs. A. Bougas and D. Bougas. Citizens M. E. L. R. Baird, receiver of Farmers Serr. First of Bank of Garrison, vs. John J. Behles,