10880. Flasher State Bank (Flasher, ND)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 1, 1933*
Location
Flasher, North Dakota (46.456, -101.233)

Metadata

Model
gpt-5-mini
Short Digest
4ed637af358c983b

Response Measures

None

Description

Articles (Mar–Apr 1933) refer to L. R. Baird as the state bank receiver for the Flasher State Bank and describe a suit by the receiver over a sheriff's deed. No newspaper text describes a depositor run or a temporary suspension/reopening; the presence of a receiver indicates the bank was in receivership/closed. Classification: suspension leading to closure (receiver appointed).

Events (2)
1. March 1, 1933* Receivership
Newspaper Excerpt
The test action was brought by L. R. Baird, state bank receiver, against Sheriff Robert T. Gray ... property mortgaged to the Flasher State Bank by Mr. and Mrs. August Beckstrom of Flasher.
Source
newspapers
2. March 21, 1933 Other
Newspaper Excerpt
Baird opened a week ago, when Gray refused the deed at the of the Taking refuge the new demption allotment, Gray declared
Source
newspapers

Newspaper Articles (6)
1. March 21, 1933 Morning Pioneer Mandan, ND
Article from Morning Pioneer, March 21, 1933

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Article Text

BERRY QUASHES WRIT: CASE GOES TO STATE COURT TEST OF CONSTITUTIONAL ITY OF TWO YEAR FORECLOSURE MORATORIUM test action on year demption period mortgages ed against Sheriff Robert Gray by L. R. Baird, state bank receiver went to the state supreme court Monday Judge H. Berry quashed Baird's writ of mandamus against Following hearing in Morton during which the writ was quashed. George Shafer attorney for Baird, filed notice of appeal and declared he would take the to the supreme court for decision He also intimated that he would request the case put forward the supreme court calendar cause of its importance and the fact that it affects all mortgages in the state in force when mea sure allowing the extra year was passed by the state legislature Kelsch, county state's attorney and counsel for Gray, moved Monday that the writ quashed, Shafer lowed to appeal to the state preme decision Berry issued the writ nearly week requiring Gray to give sheriff's deed to Baird for proper ty mortgaged to the Flasher State bank by Mr. and August of Flasher Kelsch de murred, and Berry set the hearing for Monday Challenging the law passed by the as retroac in effect and an of the rights contract, Baird and Shafer seek to have the law from the They point out that in attempt ing to apply the law to mortgages already force at the time of passage, exceed their constitutional The Beckstrom mortgage became due March 11, 1932. and Beckstrom granted year redeem fore the sheriff's deed might be The two year redemption was passed in the latter part February when the year's re demption period was almost ex pired. Baird opened a week ago, when Gray refused the deed at the of the Taking refuge the new demption allotment, Gray declared

2. March 23, 1933 Grand Forks Herald Grand Forks, ND
Article from Grand Forks Herald, March 23, 1933

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Article Text

MORATORIUM LAW TO TESTED IN COURT Case Instituted After Morton Sheriff Refuses to Give Deed to Property. the quashNECHE, N. D. (SPECIAL) ing of writ of mandamus against Twenty-five relatives and friends the Morton county sheriff, test honored Mr. and Mrs. Harry Vosaction against the new law allowper of Petersfield, Man., when the ing two-year redemption period couple observed their golden wedfor mortgages, will be appealed to ding anniversary at the home of the state upreme court. Mr. and Mrs. Fred Vosper here. The test action was brought by Most their children attended L. R. Baird, state bank receiver, the They are Fred against Sheriff Robert T. Gray and Roy J. Vosper Neche; Ruswhen he, at the expiration of the kin Vosper of Petersfield: Herbert one-year redemption period, reVosper of Los Angeles; Mrs. fused sheriff's deed for property Taylor of Neche; Mrs. Fred L. mortgaged to the Flasher State Lewis, D., and Eleanor, bank by Mr. and Mrs. August Beckstrom of Flasher teacher in Winnipeg. Mr. Vosper native of England and Mrs. VosJudge H. L. Berry issued writ of Gray. Attor- per was born in Iowa. ney C. F. Kelsch of Morton county, The honored married counsel for Sheriff Gray, demurred, at farm near here March 18, 1883, declaring the new law passed by the pastor driving by team from the legislature extending the period to perform the ceremony of redemption to two years gave The in cutter to Walthe Beckstroms another year for halla, 25 miles away, to spend their honeymoon. After hearing at which the writ was George F. Shafer Rites Held for Pembina counsel for Baird, filed notice of appeal, and said he would take the Woman in Jefferson, case the supreme court. Shafer PEMBINA, N. indicated he would ask the case be Funeral services for Mrs. S. E. put forward on the supreme court Woolworth, wife of the U. S. colcalendar because it affects all lector of customs here and promimortgages in the state in force nent Pembina woman, were held at when the measure allowing the exJefferson, S. D., her former home. tra year was enacted.

3. March 23, 1933 The Minneapolis Journal Minneapolis, MN
Article from The Minneapolis Journal, March 23, 1933

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Article Text

N.D. Mortgage Test Action Appealed Mandan, N. D., March 23. With the quashing of writ of mandamus against the Morton county sheriff, test action in the new law allowing a two-year redemption period for mortgages will be appealed to the state Supreme Court. The test action was brought by L R. Baird, state bank receiver, against Sheriff Robert T. Gray, when he, at the expiration of the one year redemption period, refused a sheriff's deed for property mortgages to the Flasher State Bank Mr. and Mrs. August Beckstrom of Flasher. Judge H. Berry issued a writ of mandamus against Gray.

4. March 28, 1933 Morning Pioneer Mandan, ND
Article from Morning Pioneer, March 28, 1933

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Article Text

COURT TO HEAR MORATORIUM CASE APRIL 6TH A test action filed by L. R. Baird, bank receiver, against Sheriff Robert T. Gray challenging the validity of the two year redemption period on mortgages legalized by the legislature comes before the supreme court on April 6, accord ing States Attorney C. F Kelsch, Gray's counsel. The case was appealed to the su. preme court over week ago by George Shafer, attorney for Baird, after Judge H. L. Berry quashed a writ of mandamus in Morton coun. ty court. Shafer requested an early hearing of the case because of its importance and effect on state mortgages. Baird filed suit against Gray in Morton county immediately after Gray refused to issue sheriff's deed on property mortgaged to the Flasher State bank for which Baird is receiver. The normal year redemption period expired March 11, and Gray refused the deed because of the new law furnishing a two year period. Shafer and Baird challenge the law as retroactive and unconstitutional, and declare it can have no effect on mortgage in effect before the law was passed They also brand it as an infringement on the rights of contract.

5. April 6, 1933 Morning Pioneer Mandan, ND
Article from Morning Pioneer, April 6, 1933

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Article Text

TEST OF TWO YEAR REDEMP. LAW IS ARGUED SUPREME COURT HEARS ARGUMENTS OF ATTORNEYS IN ACTION Arguments in test action filed against Robert Gray, Morton county sheriff, by L. R. Baird, state bank receiver and challenging the constitutionality of the two year redemption period on mortgages opened this morning in Bismarck before the state supreme court, George F. Shafer, former governot and attorney for Baird, plated his argument this morning with Gray's defense scheduled for this afternoon. C. F. Kelsch, Morton states attorney and counsel for Gray opened his argument this morning but was forced to continue until this afternoon, The case should go to the court for decision late today, Kelsch declared this noon. He expects his argument to occupy at least an hour more, with possibilities of extending beyond that limit, Baird filed the suit against Gray in Morton county Durt weeks ago, when Gray refused sheriff's deed gaged to the Flasher State bank Baird, as deed from Gray when the normal one year redemp period expir ed March 11. Gray refused, taking refuge in the law passed by the legislature allowing two and Judge H. L. Berry issued a writ of mandamus Baird, but quashed writ Kelsch fil ed a demurrer and moved the writ be thrown out. Shafer immediate filed an appeal with the supPointing out the wide scope of the law and its affect on every mortgage the state, Shafer de clared that it could not, Constitutional grounds, affect mortgage which had almost passed the demption when the law was passed in February. If it was the of state lawmakers to af fect already in effect, then it retroactive in effect, constitutional and an impairment of dontract rights, Shafer said.

6. April 7, 1933 Morning Pioneer Mandan, ND
Article from Morning Pioneer, April 7, 1933

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Article Text

FOR STUDY completed arguments the action testing two year period mortgages Thursday afternoon the state supreme court and await the verdict, C.F. county states attorney and for Gray, today action, filed against Gray, Morton Baird, state bank receiver, the last islature allowing mortgagors to redeem their property also lenges the logislators Baird the action Morton county weeks after sheriff's the property Flasher State for Baird after the year redemption period had expired.