of the school funds were not drawing interest, and White decided to invest the money in bonds and farm loans, earning interest in the lump sum. It was during his administration that North Dakota's first state bonds were redeemed. In fact, through his sound financial maneuvering, a $223,000 state deficit was eliminated. In January 1905, however, White decided to retire from political office to return to private business. He organized the Middlewest Fire Insurance Company and served as its president until 1913, when the company merged with Twin City Fire Insurance Company. In 1914, White organized the Middlewest Loan & Trust Company and was its president until America's entry into World War I. World War I With the advent of World War I, White was commissioned once more, this time at the rank of colonel. He commanded the Second North Dakota National Guard Regiment, which later merged into the 41st Infantry Division. In 1918, he was sent to France, but due to his age he was not assigned to combat duty. Treasurer of the United States When the war ended, White returned to take up his position in Middlewest Loan & Trust Company. His career in politics was not finished, though, for in 1921 White was named United States Treasurer at the request of President Warren G. Harding. When Calvin Coolidge became President in 1924, he was asked to remain in the position. Having served in the position of US Treasurer from 1921, he resigned in May 1928 to become president of Southern Mortgage Guaranty Corporation at Chattanooga, Tennessee. He also implemented smaller dollar bills while in office. Death Elsie White died in 1925. Colonel Frank White died in Washington, D.C. on March 23, 1940. He was buried in Arlington National Cemetery, Arlington, Virginia, with full military honors. References External links Frank White Papers at The University of North Dakota Biography of Frank White at the State Historical Society of North Dakota website Arlington National Cemetery National Governors Association The Political Graveyard 1856 births 1940 deaths Republican Party members of the North Dakota House of Representatives Republican Party North Dakota state senators Republican Party governors of North Dakota Treasurers of the United States American Congregationalists People from Stillman Valley, Illinois People from Valley City, North Dakota Businesspeople from North Dakota Burials at Arlington National Cemetery Military personnel from North Dakota 19th-century American politicians 20th-century American politicians American military personnel of