Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.
(Studio) Budget balancing has been problem for nearly week in Towner, North Dakota.
REPORTER: Walter Cronkite
(Towner, North Dakota) [Grocery store owner Ava SLANKEY - says all her money is in Pioneer State Bank.] Pioneer State Bank closed by North Dakota officials last Friday for audit; bank is apparent victim of losses due to loans to cattlemen. Bank is only private 1 in state without federal insurance to protect money. [Towner Mayor Bill DOMRES - says people never thought bank would go broke.] Problems to townspeople noted. Pharmacy owner Roger Berg says sales dropped 70% after closure and most sales now on credit. [BERG - says he knows customers but doesn't know how long he can carry credit.] Wednesday, Bank of North Dakota opened branch in corner of Pioneer, but only out-of-town checks could be cashed. 1 resident comments it will be hardest on children because of no money for Christmas presents.
REPORTER: Barry Peterson (WCCO-TV film)
- Cronkite, Walter
Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.
Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:
- You may request a loan of this video by registering on our website and placing an order.
- You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
- If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.
If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.