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Show TGWfjLEY SPEAKS OB M ESSE States Institution Must Be Reorganized; Stock Subscriptions Sub-scriptions Taken FARGO, N. D.. Oct. 21. Leaders of the National Nonpartisan league placed the Scandinavian-American bank case before a large crowd of their members in the first mass meeting of a league rally today, with the statement that the bank must be reorganized to make it the "biggest bank in North Dakota." Immediately after a series of addresses by league speakers, clerks started taking subscriptions for stock in the bank which President A. C. Townley of the league declared must be made ai $800,000 bank. The bank had 50,000 capital and $10,000 surplus, as originally organized. Townley spoke for two hours to the crowd of farmers which packed the auditorium. audi-torium. He said that If Attorney General "William "Wil-liam Linger and State Auditor Carl Ko-sitzky Ko-sitzky could have kept charge of the Scandinavian-American bank tor a few more weekii the Nonpartisan league would have been wrecked. L,anger and Secretary of StJite Thomas Had, a majority of the state banking board, voted to close it as insolvent because of alleged excess loans to the Nonpartisan league and its branches. Reviewing the history of the Nonpartisan Nonparti-san league from Its beginning, he related the progress toward completion of the league program of state-owned enterprises, enter-prises, mentioning, among its successful achievements, the new state elevator at Drake, N. D., the Bank of North Dakota, the contract for sale of $3, 000,000 bonds for real estate loans, and the election of "an honest supreme court which refused to let this bank be wrecked." Resolutions pledging the support of the Nonpartisan league to the Scandinavian-American Scandinavian-American bank, and praising Governor L,. J. Frazier and John N. Hagen, commissioner commis-sioner of agriculture, for remaining "faithful "faith-ful to the cause of the people," .were adopted by the mass meeting when read by Townley. They were prepared by the North Dakota state executive committee of the league. |