8679. State Bank (Royalton, MN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 4, 1911
Location
Royalton, Minnesota (45.830, -94.294)

Metadata

Model
gpt-5-mini
Short Digest
56e36aeb7c2d69f3

Response Measures

None

Description

The State Bank of Royalton was examined July 28, 1911, and officers closed/suspended the bank in early August 1911 rather than levy a 30% stock assessment ordered by the state superintendent. Examiners took possession; a receiver (C. Rosenmeier) was later appointed and the receiver sold assets and paid dividends to creditors through 1913. No run is described in the articles; cause of suspension was action by the state banking authority after examination revealed impaired resources and improper loans to insiders.

Events (4)
1. August 4, 1911 Suspension
Cause
Government Action
Cause Details
State superintendent ordered a 30% assessment after an examination found impaired resources and insider loans; officers suspended business themselves and the state examiner took possession.
Newspaper Excerpt
Rather than obey an order from Kelsey Chase, state superintendent of banks, ordering them to levy an assessment of 30 per cent on the stockholders, the officers of the State Bank of Royalton closed the doors of that institution.
Source
newspapers
2. September 1, 1911 Receivership
Newspaper Excerpt
the late Royalton institution, which, together with the First State bank of Bowlus is now in the hands of a receiver, Attorney C. Rosenmeier having been appointed receiver.
Source
newspapers
3. March 28, 1912 Other
Newspaper Excerpt
On reading and filing the petition of C. Rosenmeier, receiver of the above named defendant, praying for leave to sell the real estate belonging to the above named defendant... IT IS ORDERED ... be sold at public sale ... Dated at St. Cloud, Minnesota, this 28th day of March, 1912. By the Court: M.D. TAYLOR Judge
Source
newspapers
4. March 21, 1913 Other
Newspaper Excerpt
Dividend number four has been ordered to be paid by receiver C. Rosenmeier of the defunct State bank of Royalton. Payment was ordered by Judge Taylor and with this dividend the creditors will have received 50 cents on the dollar.
Source
newspapers

Newspaper Articles (15)
1. August 5, 1911 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, August 5, 1911

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MINNESOTA BANK CLOSES Officers Refuse to Levy Assessment of Thirty Per Cent. St. Paul, Aug. -Rather than obey an order from Kelsey Chase, superintendent of banks, ordering them to levy an assessment of 30 per cent on the stockholders, the officers of the State Bank of Royalton, closed the doors of that institution. Mr. Chase had warned the officers that unless immediate steps were taken to restore the impaired resources of the bank he would order the doors closed. The officers, anticipating the action of the state department, suspended business themselves and notified the state department. Mr. Chase and W. J. Regan, an examiner in the bank, have taken possession. Every effort will be made to reorganize the institution and to protect the depositors, who have more than $100,000 on deposit.

2. August 9, 1911 New Ulm Review New Ulm, MN
Article from New Ulm Review, August 9, 1911

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MINNESOTA BANK CLOSES Officers Refuse to Levy Assessment of Thirty Per Cent. Rather than obey an order from Kelsey Chase, state superintendent of banks, ordering them to levy an assessment of 30 per cent on the stockholders, the officers of the State Bank of Royalton closed the doors of that institution. Mr. Chase had warned the officers that unless immediate steps were taken to restore the impaired resources of the bank he would order the doors closed. The officers, anticipating the action of the state department, suspended business themselves and notified the state department. Mr. Chase and W. J. Regan, an examiner in the bank, have taken possession. Every effort will be made to reorganize the institution and to protect the depositors, who have more than $100,000 on deposit.

3. August 11, 1911 Little Falls Herald Little Falls, MN
Article from Little Falls Herald, August 11, 1911

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2 STATE BANKS CLOSE Royalton and Bowlus Each Have a Bank Closed During Past Week The financial circles of the county received a severe shock during the past week, when the State Bank of Royalton, organized in March 1908 with a capitalization of $10,000, and The First State Bank of Bowlus, organized in September 1907 with a capitalization of $10,000, closed their doors. On July 28 the Royalton bank received a thorough examination by examiners from the state department, at which time it was found that the bank had greatly impaired its resources by loaning money freely to business houses in which its officers were directly interested, and besides this overdrafts which had been running a long time were discovered. Kelsey Chase, state superintendent of banks, thereupon threatened to close the bank unless an assessment of 30 per cent was levied against the stockholders of the institution to put the bank on a sound footing. Rather than comply with this order, the bank on last Friday closed its doors. The books show its resources to be $146,291.91, admitted liabilities $132,000, deposits on time certificates $85,000. The officers are Stephen Schwartz, president : H. A. Schwartz, vice-president: S. J. Swartz, Cashier. The bank was an old institution of the county, having been run as a private bank since the early 80's to 1908. Examiner Regan has been placed in charge of the Royalton bank. Whether the bank is solvent or not is not known and all kinds of stories are heard. Fearing the reflex action of the closing of the Royalton bank, the First State Bank of Bowlus, the ownership of which was closely allied with it, was closed by the state examiner Tuesday and placed in charge of Examiner Millard. The bank had upon examination been found to be in good financial condition, however, and will most likely be reorganized and reopened in a few days with some strong financial interests back of it. The bank has deposits of $80,000, and its surplus was given out as $1,000. The officers of this institution are O. H. Havill of St. Cloud, president; H.J. Schwartz of Royalton, vice president; J. C. McDougall, cashier. There was considerable excitement in Bowlus when the institution was closed and several parties from here and Royalton went out there. The county funds in these banks are covered by surety bonds. As soon as the Bowlus bank was closed, O. H. Havill tendered his reof the signation presidency of the Merchants National bank of St. Cloud. John N. Benson, was elected to sucCashier A. H. Reinbard was to promoted ceed him. vice president and Assistant Cashier Carl Benson was made cashier.

4. August 11, 1911 Morris Tribune Morris, MN
Article from Morris Tribune, August 11, 1911

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MINNESOTA BANK CLOSES Officers Refuse to Levy Assessment of Thirty Per Cent. Rather than obey an order from Kelsey Chase, state superintendent of banks, ordering them to levy an assessment of 30 per cent on the stockholders, the officers of the State Bank of Royalton closed the doors of that institution. Mr. Chase had warned the officers that unless immediate steps were taken to restore the impaired resources of the bank he would order the doors closed. The officers, anticipating the action of the state department, suspended business themselves and notified the state department.

5. August 18, 1911 Little Falls Herald Little Falls, MN
Article from Little Falls Herald, August 18, 1911

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LOSERS DEPOSITORS Royalton and Bowlus Banks Will Pay But 50 to 80 Per Cent St. Paul, Aug. 15.-Depositors in the defunct state banks at Royalton and Bowlus, probably will lose from 20 per cent to 50 per cent of the money they placed in the institutions for safe keeping. This fact became known today, although strenuous efforts have been made to keep the status of the banks under cover. The greatest loss, unless some unknown and unforseen asset appears, probably will be to depositors in the bank at Royalton. The deficit there aggregates approximately $37,000. The bank was organized with a capital stock of $10,000, and stockholders are liable for deuble the amount of their boldings. Even if an assessment of 100 cents, the full amount allowed under the law, be Jevied, the deficiency would not be met. Examination of the bank showed that the total deposits amounted to $109,539.92 at the time it closed. At the bank at Bowlus, the deficiency is approximately $14,000. This bank, too, was organized with capital stock of $10,000. The deposits aggregated at the time it closed $69,512.96. Should an assessment of 100 cents on the dollar be levied on the stockholders, for double their holdings, as provided for by law, the discrepancy probably could be met. It is feared, however, that in both banks are some stock hclders who are not "good'' for the amount they are liable. Suits are being prepared to place the bank in the hands of receivers. It is supposed that the court will order double assessment of stockholders at once to meet deficits. Pioneer Press (16) : The depositors of the First State Bank of Bowlus will not lose any of their money, Mr. Chase thinks, but the depositors of the State Bank of Royalton may lose from 20 to 50 per cent.

6. August 25, 1911 Little Falls Herald Little Falls, MN
Article from Little Falls Herald, August 25, 1911

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APPOINTED RECEIVER For Bowlus Bank-Royalton Bank May Re-organize --Hearing Postponed St. Cloud Journal Press : The hearing on the apppintment of a receiver for the Rovalton State bank, which was to have been held before Judge Taylor at 9 o'clock this morning, was postponed for one week. State Bank Examiner Chase telephoned up this morning that be expected to have plans for the re-organization of the bank perfected in a very few days and in the event that a crew-organization does take place, a receiver will not be required. While no statement has been made, it is rumored that relatives in California are thinking of taking charge of the Schwartz bank and opening it up for business. C. E. Rosenmeier of Royalton was appointed receiver of the Bowlus State bank and will take charge of the affairs of that institution very soon. No one. appeared at"the hearing to protest bis appointment. Born-To Mr. and Mrs. A. Norberg Wednesday, August 23, a son.Born-To Mr. and Erick Nelson Tuesday, August 22, a son Born--T, Mr and Mrs. Eugene Monthriand Sunday, August 20, a daughter. Carl VanHercke has purchased a 160 acre farm in Parker town of A. Egeland.

7. August 31, 1911 Warren Sheaf Warren, MN
Article from Warren Sheaf, August 31, 1911

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GOPHER NEWS NOTES. Minnesota Events of the Week in Condensed Form. St. Paul. - Archbishop Ireland was given $100,000 by the 260 priests of the arch-diocese, as a testimonial on the completion of 50 years in the priesthood. Red Wing.-A teacher's association is to be organized for Gooduhue county in Red Wing November 10. President Vincent of the State University will give an address. Fergus Falls.-J. H. Eberly, who lives near Pelican Rapids, found the skeleton of an unidentified man a short distance from his home. No one is missing in the neighborhood and no one has any idea as to who the man was. St. Cloud.-John Hawley, 26 years old, a cigarmaker, shot himself five times with an automatic pistol at the home of his mother, one mile west of Albany, this county. Death is ex pected. No cause is given for the act. He has a wife and 2-months-old child here. Bemidji.-What is believed to have been an incendiary fire threatened the destruction of the Minnesota and International coal dock at Funkley, near here, with the destruction of a large amount of coal. The dock was blazing before the fire was discovered, but by the prompt aid of a bucket brigade the property was saved. Brainerd.-The big gates of the United States government dam at Gull lake will be closed on September 5. The concrete work is complete. There still remains much work to be completed, embracing rip-rapping, fill ing and embankment work and the building of offices, a dam-tender's cot. tage, and various other buildings. Bemidi.-With a big "market day" exhibition at Spooner, August 30, and a northern Beltrami county fair at Baudette September 11-12, there is be ing gathered for exhibition purposes a large collection of grasses, grains, and all root crops, vegetables and dairy products. These exhibits will be shown at the state fair in September Glenville.-The drug store of Dr Freeman at Glenville, has been closed under an execution by the sheriff and the stock will be put on sale. Dr. Free man was the victim of a mob last winter, when he was tarred and feathered for alleged ill treatment of his wife. He lost business since and it is now said he has lost practically all of his property. St. Paul.-Mrs. Russell Sage will be requested by Attorney General Simp son and Assistant Attorney General Weeks to pay an inheritance tax on all her Minnesota lands held under contracts of sale. It is believed the tax will amount to nearly $600,000. Mr. Simpson hopes to collect from other Eastern estates in the way of back inheritance taxes. Bemidji.-The Bemidji Commercial club's new quarters will be formally opened to inspection of the general public at a day to be set by the enter tainment commitee. The ladies will be given a reception in the afternoon and a smoker for the men will be held in the evening. About September 5 is the time which was most acceptable to those at the meeting. Cloquet.-Fire was discovered in the attic of the Redfield building, sup posed to have originated from crossed wires. The Bell Telephone company and Western Union offices are located on the second floor Smoke poured from every portion of the roof of the building which covers half a block. The building upstairs and down was flooded with water and the damage will total $6,000. St. Paul. - St. Paul has just witnessed a wedding of international importance, when Richard Edward Blacque Bey, first secretary of the Turkish embassy in Berlin was married to Miss Josephine Kalman, daughter of Mr. and Mrs. Arnold Kalman. More than 1,000 invitations were issued for the ceremony, which was performed in the sacristy of the Cathedral by Bishop Lawler, of St. Paul. Blacque Bey, is a Catholic. Fergus Falls.-Olof O. Vinje, a prominent citizen of Otter Tail county, died in this city at the age of 79 years. His death followed an operation for gallstones. Mr. Vinje was born in Telemarken, Norway, and was a brother of Osmond Vinje, the noted Norwegian poet. He was a writer of ability himself. He came to Otter Tail county in 1881. He took a deep interest in politics and his articles on political subjects were widely read. St. Cloud.-The hearing on the application for the appointment of a receiver for the Royalton State Bank was postponed one week, at the instance of the State Bank Examiner Kelsey Chase, who stated that he hoped to perfect the reorganization of the bank in a few days, and thus avoid the necessity of the appointment of a

8. August 31, 1911 Warren Sheaf Warren, MN
Article from Warren Sheaf, August 31, 1911

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a ability himself. He came to Otter Tail county in 1881. He took a deep interest in politics and his articles on political subjects were widely read. St. Cloud.-The hearing on the application for the appointment of a receiver for the Royalton State Bank was postponed one week, at the instance of the State Bank Examiner Kelsey Chase, who stated that he hoped to perfect the reorganization of the bank in a few days, and thus avoid the necessity of the appointment of a receiver. In case of the Bowlus State bank, C. E. Rosenmeier was appointed as deputy bank examiner to act as receiver. It is rumored that relatives of the Schwartzes, located in California, will take over the Royalton bank. Winona.-W. J. Kelch, appointed by Receiver Howard Morris as his manager representative for the Winona Railway & Light company, announces the street railway system here is to be given a thorough overhauling. The tracks will not be extended at present, but the bridge across Lake Winona is to receive attention. Cokato.-Oscar Arnelund, a farmer living six miles south of Dassel, was killed by the Great Northern coast train near the Meeker county line The coroner decided the man fell asleep near the track and failed to hear the train.

9. September 1, 1911 Little Falls Herald Little Falls, MN
Article from Little Falls Herald, September 1, 1911

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BANKERS ARE ARRESTED One Charged with Embezzlement--Others Illegally Received Deposits Upon learning that the proposition of reorganizing the defunct Royalton bad as a task State bazardous Bank by been those dropped behind the too movement, State Bank Examiner Chelsey Chase came up Sunday and swore out a warrant for the arrest of the cashier of that bank, H. Jf Schwartz, for accepting deposits O. $500 from the First State Bank of Bowlng when he knew his bank to be insolvent. Schwartz was immediately placed under arrest and taken before Justice Phil S. Randall Sunday night, at which time he waived examination and was held to the grand jury of the coming term of court. Bail was fixed at $3,000, R. G. Batzer and Fred York of on his was afternoon, released Royalton Monday going bonds. but He yesterday morning was re-arrested together with his father, Stephen Schwartz, and his brother, Henry A. Schwartz, officers of the Royalton State Bank, on complaints sworn out by Mr. Chase. Deputy Sheriff Frank Heroux left the same morning for St. Cloud with a warrant for the arrest of O. H. Havill, president of the First State bank of Bowlus, but learning that the gentleman wanted had of late moved to Minneapolis, continued to the "mill' city to apprehend the banker, and was expected up last evening. An embezzlement charge made in this last complaint against Cashier H. J. Schwartz of the late Royalton instituiton, which, together with the First State bank of Bowlus is now in the bands of a receiver, Attorney C. Rosenmeier having been appointed receiver. He is charged with approfor his own use priating of Morrill $5,250 belonging to E. E. Crowe Henry A. Schwartz is charged with receiving on deposit from Frank A. Wilderson $807.55 when be knew the bank to be insolvent, while Stephen Schwartz is charged with receiving $600 on deposit from Herman Janning, on the same charge. O. H. Havill of the late First State bank of Bowlus is charged with taking a deposit of $115 from Ole Magnuson when he knew the Bowlus institution to be insolvent. The Schwartzs came up on the noon train yesterday and appeared before Justice Phil S. Randall in the afterbeing set 11. Bail September noon, hearing for for Stephen Monday, and Henry A. Schwartz was fixed at $4,000 each. while that of H. J. Schwartz was fixed at $2,000, there already being $3,000 bonds furnished for his appearat the District court on the first against were the same charge ance bondsmer preferred in him. each The instance, Wm. Broker, George Reader and P. B. McDougall going on the bonds, which were taken to St. Cloud last night for the District Judge's approval.

10. September 8, 1911 Little Falls Herald Little Falls, MN
Article from Little Falls Herald, September 8, 1911

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HAVILLHEARINGSEPT.14 President of Bowlus Bank Claims It Is Solvent-Furnishes Bail O.H. Havill of Minneapolis, until recently of St. Cloud, who was president of the First State Bank of Bowlus was arrested for accepting a deposit of $115 from C. Magnuson when it is alleged the bank was known by him to be insolvent, appeared before Justice Randall last Friday morning and hearing was set for September 14th. Bail was fixed at $4,000, which was furmished by D. Abeles, Robert Harrison, H. C. Irving, C. S. Bunnell and John J. Liesen. Ripley Brower of St. Cloud appeared as attorney for Mr. Havill. In reference to the charge against him, Mr. Havill made the following statement to the press: "I believed and knew that the First State Bank of Bowlus was solvent for I personaly investigated its condition, and at the proper time I will be prepared to prove it. Until that time arrives I ask the public and my friends to suspend judgment. Immediately after receiving information that the State Bank of Royalton was involved 1 went to Bowlus on Thursday, August 3d and personally made an examination of the bank. I found the bank solvent with more than double the reserve cash on hand required by law. As a further precaution. I consulted the State Superintendent of Banks, Kelsey M. Chase, and requested that he make an examination, for the purpose of secaring bis advice as to what ought to be done in case there should be trouble at Bowlus as a result of the failure of the State Bank of Royalton. This was feared because of the fact that a large part of the stock of the Bowlus bank was not held by myself but by the officers of the insolvent bank of Royalton. The failure of the Bank of Royalton, as was feared, brought about a condition of things that made it necessary to close the Bowlus bank for the prolection of the depositors, but I am just as confident now as I was at the time that the First State Bank of Bowlus was solvent. I am not seeking to avoid any responsibility-I fearlessly accept it for I have violated no law nor done any disbonest act. Mr. Havill also stated that when he disposed of his interests in the Royalton state bank nine months ago it was solvent.

11. November 10, 1911 Little Falls Herald Little Falls, MN
Article from Little Falls Herald, November 10, 1911

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COMMISSIONERS MEET Act on State Road, School, and Other Petitions A regular monthly meeting of the ounty commissioners was held Tues. day. New bond of Frank Armstrong was approved. Petition for county road in town of Leigh and Richardson was laid over to December meeting Application of transfer of liquor license of W. Hohn in town of Buh, to J. Vernig was granted. Final hearing on application to set off Aug Gustatson from District 35 to 49, was granted, as also that of John Mactey,Jr., from district 11 to district 52. The following was designated as a state road: Beginning at the east quarter post of Section One in Township Forty two, Range Thirty-one, and running thence west on the quarter line of said Section One and continuing thence west on the quarter line of Section Two of Township and Range and terminating at the west quarter post of saidSection Two. At this point same connects with a state road already established. Final hearing petitior of Annie Rutz to be set off from district 38 to district 36 was granted. The county commissioners at their meeting Tuesday decided to make a demand on the bondsmen guaranteeing the funds of the county in the detunct Royalton State bank and First State bank of Bowlus, for the amounts the county bad deposited in the banks at the time of their failure, $2,072.28 and $309.1 18 respectively. If the bondmen fail to make good the amounts, suits will be started against them. Charging that in paying $140 to School District No. 88 as interest on a state lown, the offices of School Dis. trict No. 117 had misappropriated the funds of the district, P. A. Kull, clerk of the latter district, appeared before the county commissioners Tuesday with the request that the board have the public examiner examine the books of the district. The matter was left over to the next meeting, the commissioners being of the opinion that this was not done with criminal intent and that the matter could be fixed up without calling the public examiner. That part of a state road heretotore established, in the following description, was annulled: Beginning at a point on the west line of Section 36, Township 131, Range 31, 33 feet at right angles from the easterly line of the right of way of Northern Pacific Railway, thence running in a southeasterly direction from said point of beginning at all points parallel with and 38 feet distant from the easterly line of the said right of way to the west line of Section 6, Township 130, Range 30, and from thence running south on the west line of said Section 6 to a point on said section line 33 feet southwesterly from and at right angles with the westerly line of said right of way, thence in a southeasterly direc tion parallel with the westerly line of said right of way and at all points 38 feet distant therefrom to the south line of Section 6. $150.00 was appropriated to the Town of Belle Prairie and $225.00 to the town of Ripley, both for general road and bridge purposes. Fifty dollars was appropriated to the village of Randall to be used on approaches to the bridge in said village on Section line between Sections and 8. The county auditor was authorized to advertise for bids for new bridge across Pike Creek, same to be let next meeting of the worrd. A number of bills were also allowed.

12. February 2, 1912 Little Falls Herald Little Falls, MN
Article from Little Falls Herald, February 2, 1912

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ROYALTON Jan. 25.-Heceived too late for last week. Thursday it became known in Roy alon that Mr. Turrittin of Kasota bad oied after many months of suffering. His son, A. H. Turrittin, of Sank Rapids and his son in-law, R. R. Dragoo of this place attended the funeral and interment at Kaskota. The death of Mrs. Peter Each IS reported from her home at Ross. N. D. Mrs. Esch, whose maiden name was Ella Jeffery, was for several years a Royalton girl, well known and liked by every one all of whom extend very s:ncere sympathy to her mother, Mrs. family. Jeffrey and other members of her Joe Klein and Jake Theines of North Prairie transacted business in Royalton Tuesday. H. Clark went to Little Falls the first of the week to meet bis sister, Mrs. Mamie McMillan of Duinth, who was on her way to Kentucky, where she goes to make her home. Feb 1.-A party of Rebekahs drove to the home of Mts. Andrew Hinjum Saturday evening where they were royally entertained. Among the party were Mr. and Mrs. I. W. Bouck, Mr. and Mrs. A. C. Bouck, Miss Carrie Batzer, Mr. and Mrs. Wm. Sparrow, Mr. and Mrs. Barstow, Mr. and Mrs. Doty, the Misses Soberg and Carnes, Wm. Halverson, J. Hayes, Jim Jenson and others. Allen Ellis has returned from the Anoka sanitarium, where be went for medical treatment. C. O. Raymond of St. Clona was a Sunday visit r at the J. W. Lisle home. Architect Buckley of St. Cloud was a guest at the Hoffman home over Sunday. Miss Eleanor Feitsam was a Little Falls visitor the last of the week. Rev. Adams was a visitor at Fox home last week. Rev. Court has been called to Alberta. N. W. T., by the death of his wife, who had been ill at her parents' home for some time. Mr. Court has been in charge of the Presbyterian church here only a few weeks, but very sincere sy mnathy IS felt for him by the people of Royalton. Miss Lucy Lisle spent Sunday with her parents here, returning to St. Cloud Monday. R K. Carnes was a business visitor in St. Cloud the last of the past week. Mrs. E. A. Bowers is reported very ill with an attack of bronchitis. J. N. Carnes and J. W. Russell went to Little Falls Monday as witnesses in the case of H. J. Schwartz. Attorney Rosenmeier, who was appointed receiver for the State Bank, is at the county seat attending court. George E. Wilson went to Minneapolis Tuesday on business. Hugh Turrittin is visiting his grande parents, Mr. and Mrs. 1. W. Bouck. The matter of opening a library in h Royalton is still being agitated and 8 those interested are confident that such g an institution will in time he the result of this effort. As already stated y through these and other columns the first thing to be done is to form an ase sociation with the small membership fee of fifty cents a year. Quite a number have already promised their d support, but more names are needed before anything definite can be done. a Get into line all you men and women d with large families and those with none at all and help this good work along. A library would be a credit to our town not to mention the many other benefits to be derived by every e one who lends a hand to establish it. Fifty cents a year will enable every member of the association to have new 1 books to read every two weeks and in = this 'age of books" that should repay ten fold. Mrs. James Landy returned from St. Paul the first of the week and will e make arrangements to close her house e for an indefinite time. August Bennewits and H. York re8 turned Wednesday night from Daven port, ployea. Iowa, where they have been em 0 William Raymond of North Dakota went to Little Falls Wednesday night as witness in the H. J. Schwartz case rt al UPSALA

13. April 5, 1912 Little Falls Herald Little Falls, MN
Article from Little Falls Herald, April 5, 1912

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State of Minnesota, SS County of Morrison. , In District Court, Seventh Judicial District. State of Minnesota, ex rel George T. Simpson, as Attorney General Plaintiff, vs. Defendant. State Bank of Royalton, On reading and filing the petition of C. Rosenmeier, receiver of the above named defendant, praying for leave to sell the real estate belonging to the above named defendant, and the court being fully advised in the premises. IT IS ORDERED: That all of the real estate belonging to the above named defendant described as follows. to-wit: The northeast quarter of Section twenty-two, Township one hundred thirty.four, Range thirty-one,. Cass County, Minnesota, the west half of the northwest quarter of Section two, Township forty-one, Range twenty-nine, Morrison County, Minnesota, and the southwest quarter of the southeast quarter of Section thirty-five, Township one hundred twenty-seven, Range thirty, Stearns County, Minnesota, be sold at public sale to the highest bidder for cash, on the dates and at the places as follows: The northeast quarter of Section twentytwo, Township 134, Range 31, Cass County, Minnesota at the main entrance to the post office in the village of Motley,. Morrison County, Minnesota, on Saturday, the 27th day of April, 1912, at the hour of three o'clock in the afternoon of said day. The west half of the northwest quarter of Section two, Township forty-one, Range 29, Morrison County, Minnesota, at the north front door of the Court House in the City of Little Falls, Morrison County, Minnesota, on Monday, the 29th day of April, 1912, at the hour of one o'clock in the afternoon of the said day. The southwest quarter of the southeast quarter cf Section thirty- five, Township one hundred twenty-seven, Range thirty. Stearns County, Minnesota. on Tuesday, the 30th] day of April, 1912, at the hour of one o'clock in the afternoon of said day, at the front door of the Morrison County State Bank in the village of Bowlus, Morrison County, Minnesota. IT IS FURTHER ORDERED: That notice of said sales be given by publishing this order in the Royalton Banner, a newspaper published in the village of Royalton, Minnesota; in the Motley Mercury, a newspaper published in the village of Motley, Morrison County, Minne sota; in the Little Falls Transcript, a newspaper published in the City of Little Falls. and in the Little Falls Herald, a weekly newspaper published in the city of Little Falls, Minnesota, for three consecutive weeks, immediately preceeding said sales, and by posting copies of this order for at least three weeks immediatly prior to said sales, at three public places in the said city of Little Falls, in the said village of Motley, in the said village of Royalton and in the said villt ge of Bowlus, all in Morrison County, Minnesota. The sales in all instances to be conducted by the said receiver, or by the sheriff of the said County of Morrison, acting for the said receiver, and all bids to be subject to the confirmation by the court, as by law provided. Dated at St. Cloud, Minnesota, this 28th day of March, 1912. By the Court: M.D. TAYLOR Judge

14. April 26, 1912 Little Falls Herald Little Falls, MN
Article from Little Falls Herald, April 26, 1912

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State of Minnesota, SS County of Morrison. In District Court, Seventh Judicial District. State of Minnesota, ex rel George T. Simpson, as Attorney General Plaintiff, ve. Defendant. State Bank of Royalton, On reading and filing the petition of C. Rosenmeier, receiver of the above named defendant, praying for leave to sell the real estate belonging to the above named defendant, and the court being fully advised in the premises. IT IS ORDERED: That all of the real estate belonging to the above named defendant described as follows. to-wit: The northeast quarter of Section twenty-two, Township one hundred thirty-four, Range thirty.one, Case County, Minnesota, the west half of the northwest quarter of Section two, Township forty-one, Range twenty-nine, Morrison County, Minnesota, and the southwest quarter of the southeast quarter of Section thirty-five, Township one hundred twenty-seven, Range thirty, Stearns County, Minnesota, be sold at public sale to the highest bidder for cash, on the dates and at the places as follows: The northeast quarter of Section twenty. two, Township 134, Range 31, Case County, Minnesota at the main entrance to the post office in the villageof Motiey, Morrison County, Minnesota, on Saturday, the 27th day of April, 1912, at the hour of three 'clock in the afternoon of said day. The west half of the northwest quarter of Section two, Township forty-one, Range 29, Morrison County, Minnesota, at the north front door of the Court House in the City of Little Falls, Morrison County, Minnesota, on Monday, the 29th day of April, 1912, at the hour of one clock in the afternoon of the said day. The southwest quarter of the southeast quarter cf Section thirty-five, Township one hundred twenty-seven, Range thirty, Stearns County, Minnesota. on Tuesday, the 30thl day of April, 1912; at the hour of one o'clock in the afternoon of said day, at the front door of the (Morrison) County State Bank in the village of Bowlus, Morrison County, Minnesota. - IT IS FURTHER ORDERED: That notice of said sales be given by publishing this order in the Royalton Banner, a newspaper published in the village of Royalton; Minnesota; in the Motley Mercury, a newspaper published in the village of Motley, Morrison County, Minne sota; in the Little Transcript, a newspaper published in the City of Little Falls. and in the Little Falls Herald, a weekly newspaper published in the city of Little Falls, Minnesota, for three consecutive weeks, immediately preceeding said sales, and by posting copies of this order for at least three weeks immediatly prior to said sales, at three public places in the said city of Little Falls, in the said village of Motley, in the said village of Royalton and in the said villt of Bowlus, all in Morrison County, Minnesota. The sales in all instances to be conducted by the said receiver, or by the sheriff of the said County of Morrison, acting for the said receiver, and all bids to be subject to the confirmation by the court, as by law provided. Dated at St. Cloud, Minnesota, this 28th day of March, 1912. By the Court: M. D. TAYLOR Judge

15. March 21, 1913 Little Falls Herald Little Falls, MN
Article from Little Falls Herald, March 21, 1913

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BOWLUS BANK PAYS ANOTHER DIVID END Dividend number four has been ordered to be paid by receiver C. Rosenmeier of the defunct State bank of Royalton. Payment was ordered by Judge Taylor and with this dividend 50 the creditors will have received cents on the dollar.