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Show TELLS HOW DAKOTA BANKS SUSPENDED ST. UH IS MO.. March 23 PUum-Iclal PUum-Iclal conditions throughoui (he mlddle-iwest mlddle-iwest were outlined here toda b ciele-I ciele-I gates at iV.f closing session of the tenth lannual conference of presulonts, vice I presidents and secretaries of the cen-Itral cen-Itral stntes bankers associations. 1 Numerous bank suspensions recently occurring in North Dakota were caused. In part, by the di citing of I public funds, according to W. C. Mc-Fadden, Mc-Fadden, of Fargo. N. D., secretary of 'the North iekota Bankers' association. The heavy decline in the prices of I grain was another factor, be said. Mr. McFadden explalred that the law which created the First Bank of Dakota designated it the depository for all public funds. Approximately $2,000,000 of the public funds was diverted tn investment invest-ment in mortgage loans and 1 1,00,0,000 for a mill and elevator, he continued, adding that upset Jhe financial and business structure ot the- s;ate." |