Show CLOSING OF FAR FARGO 0 BANK IS DECLARED POLITICAL PLOT PLOD Enemies of of- the Nonpartisan League c g e Responsible Editor Editor Edi Edi- tor Charges By Associated Press ST ST. PAUL Minn Oct 3 Oliver S S. S Morris editor of toe Nonpartisan n Leader of ot St St. Paul official organ of ot I the National Nonpartisan league Is Issued issued Is is- sued a statement here today regarding the closing of the Scandinavian Amen can bank of Fargo Thursday Jn n which he says Officers of the bank state they state they ex expect expect expect ex- ex to start proceedings against the state officials on the grounds of ot conspiracy conspiracy con con- to wreck the bank for political purposes Mr Morris in his statement said 1 The Scandinavian-American Scandinavian bank has been meeting all its obligations without even suspicion of un unsoundness unsoundness But Attorney General William Langer and Secretary of State Thomas Hall hail who constitute a majority of the banking bankIng banking bank bank- ing board of North Dakota and ar are enemies of the Nonpartisan league formed the plot to close the bank some weeks ago They sent State Bank Examiner OE O O. E E. Loftus to Florida supposedly to In Investigate Investigate investigate In- In a company which desired to sell stocks In North Dakota In his absence absence absence ab ab- ab- ab sence they had the deputy bank examIner examiner examiner exam exam- iner an assistant to Mr Langer make a hurried examination of or the accounts of the Scandinavian-American Scandinavian bank Langer and Hall proceeded to railroad through the banking board an order closing the bank and appointing and a temporary temporary temporary tem tem- receiver and to start proceedIngs proceedings proceedings proceed proceed- ings to cancel the banks bank s charter The league has been doing a large part o of ot its business through this bank and the bank has made large loans to the league and Its subsidiary organizations organizations organizations all however secured by collateral col collateral collateral col- col lateral double In value to the loans made When I left Bismarck yesterday It was expected that the bank would be reopened within a week or ten teh daj days s |