Word: bosshard
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Dates: during 1930-1939
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...Herman Bosshard is a truck farmer in Clay County, Minn., just across the Red River from Fargo, N. Dak. One day last summer by a squiggle of his pen Farmer Bosshard suddenly made himself an immensely important figure in the political and financial life of Minnesota. What he signed was a complaint against 19 directors of Northwest Bancorporation, charging second degree larceny for selling him ten shares of stock for $220. Farmer Bosshard was persuaded to sign the complaint by henchmen of Farmer-Laborite Governor Floyd Bjornstjerne Olson...
...factory and utility in his flat State. Within a few weeks his legal henchmen turned up in the little town of Moorhead, in the northwest corner of Minnesota where Farmer-Labor strength is great. Moorhead is the Clay County seat, and the Olson prosecutors went out to see Farmer Bosshard, who was one of the 25 Banco stock-holders in the vicinity. On the basis of his complaint, without waiting for the formality of an indictment, a district judge ordered Banco's President J. Cameron Thomson and his 18 directors arrested...
...agreement President Thomson was tried first. Aside from the question of venue-whether the crime, if any had been committed in Farmer Bosshard's county-the trial revolved largely around a prospectus which asserted that "the earnings of the group applicable to stock ownership of the Northwest Bancorporation" were $3.20 per share for 1930. The State tried to prove that since earnings of the subsidiary banks were not actually paid to the parent company, the parent company really had no earnings at all; and since Farmer Bosshard bought the stock of the parent company under the impression that...