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Show oo BANKER OF NORTH DAKOTA FOUND ! GUILTTBY JURY Trial Followed Closing of Institution In-stitution Recently at Fargo FARGO, N D., Iec 5 The jury in , the case of H. J. Hagen, president of the Scandinavian-American bank of Fargo, charged with having made false statements to the state bank examiner last night returned a verdict of guilty. The jury was out four hours and forty minutes. Appeal from the verdict ver-dict will be taken, attorneys for Hagen said tonight James Manahan, attorney attor-ney for Haeen, said that the court would be asked to set aside the ver I diet. If the request fs refused, he Raid, the case would be taken to the ate supreme court The case against P. R Sherman, cashier of the bank, indicted on the (same charge, will be postponed until another court term. The arrest of Hagen and Sherman October 4 grew out of the closing of the Scandinavian American bank October Octo-ber 2 because of alleged insohency The state supreme court later deelar ed the bank solevnt and it was re-opened re-opened October 25. Hagen's trial last ed nine days. |