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Show BASJK OFFICIALS APPEARJNGOURT Two North Dakota Financiers Finan-ciers Give Bail and Are Held for Trial. FARGO, X. P., Oct. 6. President H. J. Hugon and Cashier P. K. Sherman of the Scnndinnviim-Amerioan bank, closed last week on orders of the state hank commission, this afternoon waived preliminary examination and -were bound over to the district court. Each furnished $500(1 bail. P. M. Halldorson, receiver of the, bank, alleged that the officers exhibited exhib-ited to him n false statement as to the bank's condition when he made a regular examination on September 9 last. Jlngen left for Bismarck this evening to attend tomorrow's meeting of the state guaranty commission. BISMARCK, N. D., Oct. fi. An examination ex-amination of the Bank of North Dakota, Da-kota, the, state-owned institution created cre-ated by an act of the last legislature, was begun here today by State Auditor Au-ditor C. R. Kosit7,ky, upon formal instructions in-structions from Attorney General William Wil-liam Lunger. Lnnger, in his letter to Kositzky, slated that correspondence found in tho Scandinavian-American State Bank of Fargo," which was ordered closed last Thnrsdav, indicated that securities totalling to-talling more than $300,000 had been transferred from the 1'argo bank to the. state institution. No announcement has been made by the auditor since the latest investigation investiga-tion was begun. Organization of tho bank of ,Iorth Dakota was one of several pieces of legislation enacted by the on-l'iirti-san league leaders at the last session. The Fargo bank was closed after state bank examiners announced that it had made Heavy loans, far beyond the limit permitted by -its capitalization of $50,000. The report of the bank examiners ex-aminers showed that the heaviest loans were made to the .Non-Partisau league and" affiliated organizations. |