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A Glen Ullin Bank FailedThe reports that have been afloat during the week in regard to trouble in the German State bank of Glen Ullin culminated in the arrest of W. T. Moore, president of the bank, on Wednesday, September 1, on a warrant charging embezzlement. The warrant was issued by State’s Attorney J. M. Hanley of Mandan, following an investigation of the bank’s affairs.The exact amount of the shortage has not yet been determined hut it looks now as though the depositors would lose nothing. The shortage is not as great as at. first reported, probably about$30,000.Moore lias turned over all his private assets in property to the bank and is assisting in unraveling the tangle.The capital stock of the German State bank is $30,000 and at the time the institution was closed the deposits subject to check wore ItfOO,000. Mr. Moore has always had the confidence of the people of Glen Ullin. lie is a man of good habits: but through poor judgement became involved and was not able to tide over a hard time just before the marketing of crops. Mr. Neb son, of Barnes Nelson, merchants, is a stockholder in the bank and Mr. Moore is his son-in-law. The failure, however, is not expected to in any way affect the firm.It is rumored that the Fivst National bank of Mandan will put in a bank at Glen Ullin — Dickinson Press.
Newspaper Details
The Wibaux Pioneer
Wibaux, Montana, US
Thu, Sep 09, 1909
Page 1
Full Page
Clipped by
Jannessa H.
USA 11 Mar 2023
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The Wibaux Pioneer
