9458. Citizens National Bank (Albert Lea, MN)

View Charter #6128 on SPMC

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
6128
Charter Number
6128
Start Date
February 14, 1927
Location
Albert Lea, Minnesota (43.648, -93.368)

Metadata

Model
gpt-5-mini
Short Digest
5cac5fd2

Response Measures

Accommodated withdrawals, Full suspension, Books examined

Receivership Details

Depositor recovery rate
78.5%
Date receivership started
1927-02-18
Date receivership terminated
1936-09-29
Share of assets assessed as good
52.9%
Share of assets assessed as doubtful
44.4%
Share of assets assessed as worthless
2.7%

Description

Newspaper reports describe a run starting Feb 14, 1927 (attributed to a false rumor), the bank suspending/closing Feb 15, 1927, and a receiver later placed in charge. Assets described as frozen/slow paper; receiver Mackey Thompson appointed thereafter.

Events (5)
1. February 15, 1902 Chartered
Source
historical_nic
2. February 14, 1927 Run
Cause
Rumor Or Misinformation
Cause Details
A false/unfounded rumor circulated in Albert Lea triggered heavy withdrawals on the morning of Feb 14, 1927.
Measures
Officers explained situation to depositors; extra supply of currency ordered via armored car; offers of assistance from other banks and local business committee organized to try to save the bank.
Newspaper Excerpt
To false rumor of unknown origin, which was circulated about the streets of Albert Lea Saturday, was attributed run on the Citizen's National Bank of that city this morning.
Source
newspapers
3. February 15, 1927 Suspension
Cause
Rumor Or Misinformation
Cause Details
Following the run driven by the rumor, the bank exhausted its available cash and directors/examiners concluded it could not be saved, leading to closure Feb 15, 1927.
Newspaper Excerpt
The Citizens' National Bank of Albert Lea closed. ... The bank shut its doors after run Monday.
Source
newspapers
4. February 17, 1927 Receivership
Newspaper Excerpt
DIRECTORS OF CITIZENS' ... Receiver in Charge. ... The bank closed with about ... deposits. ... Receiver in charge reported (article dated Feb 17).
Source
newspapers
5. February 18, 1927 Receivership
Source
historical_nic

Newspaper Articles (18)
1. February 14, 1927 The Austin Daily Herald Austin, MN
Article from The Austin Daily Herald, February 14, 1927

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ON BANK Supply of Currency Rushed Twin mored To false rumor of unknown origin, which was circulated about the streets of Albert Lea Saturday, was attributed "run" on the Citizen's National Bank of that city this morning. Well before noon. however, the large crowd which had thered outside the building hoping to draw out their deposits, had dispersed. Bank Remains Open During all the confusion the bank the president and other their depositors in the lobThe situation explained to them. false rumor had been startthey Several persons bank opened this morning and their withdrawal checks were paid. An extra supply of currency was ordered sent down in an armored car but until this arrived more cash could not be paid out. After hearing the officers' explana tions and promises that every dollar" one after another left the bank with the promise of their confidence and that their money should remain there. The bank solvent, and will pay all demands made upon it. the people were told. Numerous offers of assistance came from the twin city banks. Business Men Offer Aid The Citizens National Bank is one the oldest banks in Albert Lea having been established for more than quarter of century The bank capitalized profits deposits of over million dollars. A meeting the Business of that city was held this afternoon offering whatever assistance help the bank the straightened

2. February 15, 1927 The Austin Daily Herald Austin, MN
Article from The Austin Daily Herald, February 15, 1927

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Desperate Attempt Fails, Albert Lea Bank Closed Funds Offered, Losses Accepted at Meeting Brought "Run" to Dramatic Climax; Officials Advise Voluntary Fund Against Albert Lea interests, striving desperately, last night sought to undo what rumor had done. Forces hastily organized from willing volunteers united in an effort to combat threatening disastrous results from what is believed to have been chance remark which set the neighboring city agog. This morning rumor had won. The Citizens' National Bank of Albert Lea closed. In Business 24 Years The institution, which had total deposits of more than shut its doors after "run" Monday. The bank had capital of $50,000, and surplus of $20,000. and had been doing business for 24 years. In vain merchants who foresaw the of the bank that the "run" was started by an unfounded rumor; that the institution was sound and that losses would reduced to minimum if demands were not made the men and heavy depositors agreed to accept losses and to contribute heavily towards saving the bank. Dramatic Climax at Meeting came dralast night when deposiand representing Albert that brought out willingness community sacrifice. Depositors agreed to accept half of the amounts that they had in the bank. It nounced that fund of $150,000 would save the institution and made towards that Merchants, professional depositors offered contributions. president institution, and his son Oscar son announced that they would give they owned, that all their everything private holdings would be tied up with the fate of their institution Other incidents came to light. One girl, an office employee, who had $900 deposited in the bank, recalled favor that had been extended her by the officials of the institution and refused to join those trying to withdraw their money. Volunteers decided that the appeal would be carried further: that midnight calls would be made to interview depositors not at the meeting; and started out to make their they personal appeals. that that Albert the money it needed to bring the nancial crisis to sudden halt; and that the four banks still remaining in the city had weathered the storm safely. Effort Declared Hopeless Along about midnight when the or. ganized effort to save the bank had gotten well underway; when contributions towards the $150,000 fund were being offered, the committee which had conducted an investigation of the institution that was hopeless. Meighen, spokesman for committee of ten. announced that the run had gone so far that the assets the bank would not be liquidated quickly enough to save the institution. Bank examiners added their voice to his. They counselled volunteers against since their contributions might be lost Cars Bring Cash During the night armored cars rumbled into the city, carrying cash and currency as relief to the four other banks of the city. laden trucks arrived, at one o'clock, four o'clock and at seven o'clock. This afternoon the excitement had subsided. Reports from Albert Lea stated that the four cepting deposits from those had been depositors in the institution

3. February 15, 1927 The Albert Lea Tribune Albert Lea, MN
Article from The Albert Lea Tribune, February 15, 1927

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the depositors Citizens Bank takmorning. ment Edward and Olson, who fought every of the way to save the depositors. Not little credit other bankers the city, did everything they could keep the bank from closing. want to forget the loyalty displayed by many citizens, were not depositors the bank, but, at special meeting last night, offered to thousands of dollars and place the bank, would the institution. Many depositors, large sums, near the bank during the They didn't to barrass the place by joining those who sought to draw their money. There are many citizens who deserve especial mention, but wouldthe room in my space want to call tention to instance of displayed by young lady. She had over $900 deposit which she had saved from her small salary. She learned the the bank the morning and could drawn out money. saw the people in said: certainly wont this excitement by joinBy golly, the Citizens Bank helped when sorely need money, and going show appreciation of their help by refusing to stampede them now. I'll take my chance the majority of depositors. And today she isn't regretting stand. say she's real substantial member of the citicommunity who are needed. Godbye." The Weather Probably tonight and Wednesday somewhat warmer tonight southeast portion colder Wednesday extreme south portion. Yesterday last night This

4. February 15, 1927 The Albert Lea Tribune Albert Lea, MN
Article from The Albert Lea Tribune, February 15, 1927

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SPIRIT OF CO-OPERATION BY OUR CITIZENS Practically Everyone and Ready to Do Everything Possible to Save Citizens tional Bank From Closing Its Doors. In Monday's issue the Tribune had very little to about the run on the Citizens National Bank, which started that morning and continued for short period in the morning, before the paying out of money ceased. Citizens, who were vitally interested the community in general, believed that which could be said in the Tribune at that early date would work to no vantage and might lead to some harm. Consequently refrainsaying anything excepting that Governor Young of the Ninth Federal Reserve Bank, accompanied by the Chief Examiner were in the city to confer with the officials of Citizens Bank and that today would give detailed statement the findings. In another place in tonight's issue is an article telling of the local situation and the of the bank now closed. At Simonson, President of the Business Men's League, called meeting of business men. was to the large responded to the call. In fact practically every person informed of the meeting was present. The object of the meeting was to discuss the situation from all angles and to take some action, if possible, to keep the institution open. President Erickson of the Albert Lea State Bank, Paulson of the Freeborn County Bank, James Nelson of the North Side Bank and Alfred Christopherson, president of the First National Bank, with other bank representatives were the meeting, including Edward Olson and Oscar Olson of the Citizens National Bank. Edward Olson, president of the Citizens made frank statement. He said his desire was to save the depositors from any loss. don't care for myself. am perfectly willing to lose all Oscar Olson explained that all he was fighting for now was to keep the bank open and pay the depositors in full. are not trying to save anything for selves," he concluded. After considerable discussion was moved that committee of citizens be appointed to meet immediately after the close of the session. The committee members appointed were as follows: Burns, D. Meighen, Frank Faville, Bowers, Hanson, Bert Skinner, Hellie, Fonda, Joe Pihl and John Farry. The committee members were in session from five o'clock until six and then after short refreshment met again session lasting until nearly midnight. In the evening, while the mittee was debating, another meeting of citizens was in session at the eague room. The League room was packed with some of bert Lea's best citizens, many of them depositors of the Citizens bank, while others were there, just anxious to do something to help save the bank. While the crowd waited for the committee to report William Nelauctioneer, gave talk, urging those present to do what they could financially, if time came when called upon to act. Dr. Horn, pastor the local Methodist church was called upon. He Science. At the conclusion of Dr. Horn's talk Judge Meighen, chairman of the committee with the other nine members, came into the room. All were breathlessly awaiting to hear Mr. Meighen had to say, hoping against hope that would be encouraging. Alas wasn't! According to Mr. Meighen the committee had gone over the whole situation with the examiners and could see very little to cause them advise raising fund to help tide the bank through. In fact Mr. that there was considerable slow paper other words frozen assets. The committee was of the opinion that some would have to be raised in cash and securities order to save the bank. It was at this juncture that ward Olson and his son made gallant fight to find some way bring their bank through the storm. Both men, who had gone with little no sleep for the past three weary and tired, tried rally and put through some plan whereby the money could be raised. group of citizens offered deposit $1,000 each. group of heavy depositors offered to cel one-half their deposits in order to relieve the situation. Time afttime things began to look little hopeful and then some stacle would come up to bring on discouragement and cause the abandonment of the plan. It was about two o'clock, after every plan proposed had been discussed and had fallen by the side, when the efforts to save the bank were abandoned and the meeting came to close. Surely the citizens present showed wonderful spirit of cooperation.

5. February 15, 1927 The Lincoln Star Lincoln, NE
Article from The Lincoln Star, February 15, 1927

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TRAFFIC CASES For parking yellow longer than one Cecil CLOSE MINNESOTA BANK. ALBERT LEA, Minn., Feb. Citizens' National bank of with deposits of more than closed today after Monday. The bank. ital of $50,000 surplus of $20,000. had been in business twenty years.

6. February 15, 1927 Evening World-Herald Omaha, NE
Article from Evening World-Herald, February 15, 1927

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ALBERT LEA BANK SHUT. Albert Lea, Minn., Feb. 15 (AP) The Citizens' National bank of this city, with deposits of more than one million dollars was closed to day after run Monday The bank, with capital of 50 thousand dollars and surplus of 20 thousand dollars had been in busi ness 24 years.

7. February 16, 1927 The Sioux City Journal Sioux City, IA
Article from The Sioux City Journal, February 16, 1927

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ROAD CONDITIONS Furnished by the Sloux City Auto Club. For More Information Iowa. Federal 20-Holstein and Fort Dodge, good. Federal LeMars and Rock Rap ids. good; rough between Maurice and Struble. Federal 75-Whiting Onawa, fair Missouri Valley, Mondamin, fair; slightly rough in State 141-Ute and Denison, fair to good. State 29 and 27-Akron and LeMars, fair; rough places. State 5-Remsen to Marcus, rough. Nebraska. Federal 77-To Rosalie, good. Rosa lie to fair. State 5-Oakland to Omaha, good Federal 20-Allen and O'Neill, fair; rough to Norfolk. South Dakota. State 15-Sioux Falls, fair to good. State Vermillion and Lake Andes, fair to good. General-All main roads opened and in fair to good condition. Albert Lea Bank Closes. Albert Lea, Minn., Feb. 15.-(P)The Citizens National bank of this city with deposits of more than $1,000,000 was closed today after run Monday. The bank, with a capital of $50,000 and surplus of $20,000, had been in business 24 years.

8. February 16, 1927 The Omaha Morning Bee, The Omaha Daily News Omaha, NE
Article from The Omaha Morning Bee, The Omaha Daily News, February 16, 1927

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Big Rail Merger One Step Nearer Group Ignores Protest of Receivers for Bankrupt Road. New York, Feb. (UP) The of 15,000 miles of railroad in the northwest into one great system moved a step nearer today with ment of unification plans of the Northern Pacific and Great Northern Against opposition o receivers for the Chicago, Milwaukee & St. Paul, the merger committee of the companies advertised their plans the newspapers today, to seeking approval of the interstate The Chicago, Milwaukee & St. Paul were expected to oppose merger before the commission on the ground that the troubles of other northwest lines should be settled before any consolidation or reorganizations are permitted. The committee handling the unification of the northern lines is headed by George Baker of the First National bank, and consists of J. P. Morgan. Arthur Curtiss James, Louis W. Hill and Howard W. Elliott. The plan is briefly as follows: new railroad company would be formed. which would exchange its stock for that of the Northern Pacific Great Northern, share for share. The new company would assume control of the 11,400-mile system of the Chicago, Burlington & Quincy, owned jointly by the two northern companies. The new company would operate the Great Northern. the Northern Pacific and the Spokane, Portland & Seattle railway as one system. The latter road, capitalized at $40.000,00, also owned jointly by the two northern companies. Lack of Motive Said Cause of Suicides Lack of motive in life and of a firm belief in religion are the causes of the student the Rt. Rev. Reginald H. Weller, Episcopal bishop of the Fond Du Lac diocese, said last night. Behind this lack of motive lie "utterly Godless parents, an utterly Godless philosophy edution, taught by utterly Godiess professors an utterly Godless way,' Bishop Weller declared. Town in Flames. Bogota, Columbia- busisection of Girardot, terminus the Bogota railroad on the Magdalena river, was reported to burning today. The fire started in the Tropical Oil company railroad warehouse terminal, where 10,000 cases of gasoline were stored. Bank Closes After Run. Albert Lea, Minn., Feb. 15.(P)-The Citizens National bank this city, with deposits of more than $1,000,000, was closed today after a run Monday. The bank, with a capital $50,000 and surplus of $20,000, had been in business 24 years. Ohio Governor III. Cincinnati, O., Feb. The condition of former Governor Judson Harmon, who has been ill for several days, was reported as improved today. was buried in the Farragut cemetery. He is by one child, Miss Jennie. He gave, during his life $100,000 to colleges and mis- 3 Hulse & Riepen Cuming and Military ANSON HARRY SWANSON CO. Funera BURKETT 1405 JOHN A. GENTLEMAN, HA. Farnam St. BRINGE & 3624 7411. Brailey & Dorrance Heafey & Heafey 4 Card of Thanks 6 WE thank many friends and neighbors and sym. and death Especially lodge Omaha AND FAMILY WORDS cannot sincere kind beautiful MR. MIKE VERBECK FAMILY DENTAL CLINIC- people whose $35 week. Teeth southeast 16th THE SALVATION ARMY Industrial Phone our St. EXPERT THEATRICAL WILL buy people Lost and Found. 10 LOST-One Weston portable the Man Main Meter and Elec. PEARL CHOKER large pearls THREE -strand bracelet. lost near Please 0327 WRIST keepsake AUTOMOBILES. Automobiles for Sale. 11 WE MUST SELL ALL OUR USED CARS DEFORE THE AUTO SHOW PER CENT DISCOUNT and in first spect, fully guaranteed SALE THIS WEEK ONLY Touring Touring Make your early. THE OMAHA FLINT COMPANY. GUY SMITH President and Manager. AT. 1944.

9. February 16, 1927 Omaha World-Herald Omaha, NE
Article from Omaha World-Herald, February 16, 1927

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ALBERT LEA BANK SHUT. Albert Lea, Minn., Feb. 15 (AP).The Citizens' National bank of this city, with deposits of more than one million dollars was closed today after a run Monday. The bank, with capital of 50 thousand dollars and surplus of 20 thousand dollars had been in business 24 years. Ferns nearly 40 feet tall have been found in Hawaii.

10. February 17, 1927 Freeborn County Standard Albert Lea, MN
Article from Freeborn County Standard, February 17, 1927

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BANK CLOSING DIRECTORS OF CITIZENS' TIONAL TAKE QUICK ACTION TO SAVE DEPOSITORS Attempt to Save Bank Assets Assure Substantial Dividend. Other Banks Not Effected. Receiver in Charge. Rumors, starting from no one knows depositors the Citizen's National Bank on Monday morning, which pidly depleted cash hand and complicated situation that caused the board to close the bank on Tuesday Heroic but vain efforts made Monday Monday night by officers of the and the city effect means bank going. It all happened and there time, every plan suggested failed. bank, being unprepared for only its usual amount of cash hand. This fund exhausted during the morning but the bank open of that when friends the rescue dissuaded further this local business houses made usual Monday deposits: was fine of cooperation be possible. The bank closed with about mildollars deposits. Its capital surplus the last statement period $70,000 and its reserve about $70,000 There every reason to believe that there will be The assets include besides notes and bonds, several farms Freeborn County. Of the notes, stated that only about $75,000 can classed as poor The land worth every that it carried for but to move. The National Banking the Monday morning and by the chief aminer time, the Business had called into session in the afternoon. Among the hundred and fifty prewere the heads all the the city well President Edward Olson Cashier Oscar Olson Citizen's Bank. President of the League stated the to devise to closing. Both Edward and Olson made brief talks, stating their case. Both said that they were putting every thing they had and that their concern loss. After some discussion motion passed to appoint the officials and try work out solution. courtesy to Edward Olson, and his associates unanimously adopted in their The followBurns, Meighen, Frank Faville, Skinner, Hellie, Fonda, Joe Pihl and John Farry. The meeting was adjourned until the to work. The with the officers and did not conclude their labors about nine o'clock. Mr. Meighen, for the League that their opinion impossible to do save the Many plans had suggestbut to been found that would raise cash upwards of $100,000 guarantee the slow paper and frozen assets and was not deemed able. Following this report other plans suggested. included the by depositors of their deposits. This have been done raised among those present but did not provide cash had to be discarded The officers of the bank made gallant fight save institution, everything their power meet sudden necessity and entitled only to the sympathy but admiration for their efforts. Since the closing business in the city returned normal. The ficers the other four banks operating have ample care needs the community.

11. March 14, 1927 The Albert Lea Tribune Albert Lea, MN
Article from The Albert Lea Tribune, March 14, 1927

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ADJOURNED MEETING OF COUNTY BOARD The Board of County CommissionFreeborn County at the the County Auditor in the City Albert the day March, o'clock with motion made by Commissionseconded by CommisBridly and duly that the for reduction assessment taxes approved Minnesota Tax Commission for approval Diekema, Prop., Geneva Gillard, Estate, FreeMrs. Chas. township. Schad, R. Estate, Geneva village. Motion made by Commissioner was seconded Commissioner Hellie, duly carried that the Stensrud and for tition of road in Section 12be rejected. The vote being taken follows: Hellie, Wangen, Stensrud (yes), Bridly and McKeown, (no) Stensrud offered the resolution: WHEREAS, the Citizens National Bank of Albert closed 15, 1927, and Freeborn had on deposit with bank the of said that in the name of Freeborn being WHEREAS, default has been made the of said deposit payment has been duly made though said deposit was protected and secured by Liberty Bonds aggregating principal amount which custody First National Bank of That said First National Bank of Minnedirected either turn liberty bonds to of or to sell said bonds Freeborn county the market value thereof present to the Treasurer of and pay said sum of and remainder said proceeds the Receiver of said Citizens National Bank Albert Minnesota. Resolution adopted. offered the Commissioner resolution: Citizens State Bank of Glenville, Minnesota closed 16, and Freeborn had with said bank County deposit of and that the sum default has been made the of said deposit payment though been duly made said deposit protected and secured deposiby said tory Field, and Houg, Thune, said bond being force effect. That Treasurer County of this county and they are hereby take action necessary from and said said Resolution adopted. offered the Bridly Resolved: That the proposed plats Section and in 103-19 certified by Harold Engstrom, registered Albert date January 1927, and dedicated owners of said plats which plats with abstract and certificate of title said premises having been presented the Board of County for approval be and the same hereby accepted. Resolution adopted. Bridly offered the following That Eleanor W. Mumford, Nurse, be the whole public health Freeborn months the first day 1927 at $165.00 per month and such actual and by Chap. of the General 1921. Such Public Health Nurse shall work under the general direction the Red Cross tee of Freeborn County and the CounAuditor hereby directed to draw warrants favor said Mumford, in accordance with this resolution. Resolution adopted. Commissioner Wangen offered the following Citizens National Bank Albert Lea was designated the place of payment interest principal on the Trunk Highway Bonds issued under date of Sept. 15, 1925 and said bank has Resolved: That the Northside State Bank Albert Minn., be and hereby designated the place payment interest and principal from date forward and the ous designation and is hereby Resolution was adopted. Pursuant to call and notice thereof regular meeting the Board County Freeborn County, Minnesota, held Albert County 1st day March, 1927, The following members Olaf Oluf Hellie, Botolf Bridly Stensrud, and the following were absent: None. Commissioner Introduced the following resolution and moved its proceedings have been duly taken and had for the of that certain public ditch known Ditch No. Minnesota, and has been County, that the and be pense said ditch county in excess the of $22,500, there are funds the treasury applicable to the county ient expenses, NOW, THEREFORE, BE IT RECounty Board freeborn County, that the bonds said shall issued account the construction said ditch in the gregate said bonds and inclusive, each bond No. which the of $500, which said bonds to be dated the annum, which shall days and accordance and each of the years 1933, 1939, 1941, 1943, and 1945; each the 1934, 1936, years 1942, 1944, and 1946; and $1,500 in the 1947. year BE FURTHER that said bonds shall be signed the of the County Board Freeborn County, and by the County and each bonds shall be sealed with the of the county and corded by the County Auditor, and the be to said bonds shall and cated the facsimile of said and and that said bonds and shall be in following form, which form is hereby approved and UNITED STATES OF AMERICA State County Freeborn PUBLIC DRAINAGE DITCH BOND KNOW ALL MEN BY THESE PRESENTS that the County of Freeborn in the State of knowledges itself indebted, and for received hereby bearer lawful of the United States money America the 1st day of April, interest thereon from the date hereof until paid the rate of annum, payable 1st April and October days each year, accordance with and surrender attached interest as they Both principal and erally interest of this bond payable and for the punctual payment of the principal interest this bond spectively become the full credit County Freeborn are hereby pledged. This bond issued by said County for the and for defray part, the expense and locating, and establishing certain public ditch known Judicial Ditch No. of County, the whole which ditch situated within said issued by and with the Laws of the Chapter 415, State Minnesota for the year and and the Board said County duly passed, adopted and HEREBY AND that all conditions required the constituthings the State of Minneperformed, to happen, and to and the issubond, have been formed, and existed and regular and that Freeborn, including this bond, does and that the ditch which issued public drainage duly legally utility promote the IN WHEREOF the County Freeborn, Minnesota, by its County Board has caused this bond to signed said and the with the said County hereto, and the the signatures said Chairman Auditor, and bond to dated of the 1st as 1927. OLAF Chairman of County Board, Freeborn County, Minn. CLEON County Auditor. of Coupon) On the (October), the County of Freeborn, Minnesota, will bearer money of the United States of being the semi-annual installment its Public Ditch Bond dated April 1927, Board. CLEON County BE FÜRTHER that said bonds and the interest shall be paid available funds County said County funds hand in General Ditch Fund the treasury of said County insufficient meet the payment interest principal bonds when same respectively come due, and the County Auditor and County Treasurer of said County are hereby authorized directed interest and principal bonds in such event to take steps to that end, but the funds from which moneys may taken used for the payment the interest bonds shall replenished with interest rate cent annum from unpaid ments for said ditch such assesscollected and received. that full credit and the County and of this County Board as such and the pledged the for interest said bonds when and BE FURTHER that said bonds when duly sealed shall the County Treasurer him the thereof payment price, and purchaser shall obliged to the application purchase the of said bonds placed in the proper fund and used only for the paying the and penses establishing said ditch as above specified. BE that the County Board Freeborn Counshall meet office of the County Auditor, in the Court House Albert on the 6th day April, 1927, two o'clock for purpose for and the sale of the bonds, and that County hereby and to ice of the sale of said bonds to notice the official County week the least the the day date first publication, notice shall the form: NOTICE OF Notice hereby given that Board County meet the County Auditor in Court House, Albert Lea, Minnesota, the 6th day April, 1927, at two for of purpose and awarding the Public Drainage Ditch Bonds of said County issued account the construction of Judicial Ditch No. County. Said bonds to the denomination $1,000 except bond the amount of $500, all dated April bearing interest rate by the bidder not annum the April October each which and year, bonds will mature serially on the years and amounts the years 1933, 1935, 1937, 1939, 1943, and each the years 1934, 1940, 1942, 1944, and said bonds will be payable interest any bank trust the United by bidder. The County furnish the printed bonds and the legal opinion of Messrs. proving caster, Junell Dorsey Minneapolis, for said without cost to the purchaser. bids certified check to panied by order Treasurer County, Minnesota, the born least forfeited liquidated damages case and bidder shall accepted therewith. Sealed bids comply the will at the above time and Dated at Albert Minnesota, this March, CLEON County Auditor. BE FURTHER that shall furnish the printed bonds for said issue and the opinion without cost the thereof, as specified said form of notice. The for the adoption of the resolution duly and upon taken the being voted favor thereof: Oluf Olaf Wangen, Hellie, Botolf Bridly, voted against the and following None, said resolution clared duly passed and adopted. Approved: OLAF Chairman Board County Commissioners. The following were laid Eugene Ostby, grubbing and clearing right The folowing claims County Booth Son, 3.64 plies supplies. 17.65 Commercial Press, 26.25 Albert Publishing supplies Trades Publishing Co., supplies 27.00 Morgan, supplies 10.75 Mimoso, supplies. 1.50 Briggs Drug plies Publishing delinquent Hartland Herald. tax 123.05 property lishing personal Morgan, publishing personal property tax 94.30 Interstate Power light gas court 80.41 Mrs. Mary Otteson, boarding prisoners 144.25 Otteson, expense 26.20 Harold Dahlen, 22.00 18.71 Hellie, 18.80 Olaf Wangen, 20.76 expense 16.01 Albert Lea Line, livery with 10.00 Botolf Bridly, Gamble, post mortem, Lynn 10.00 Burns Branham, autopsy, Lynn 10.00 Elmer Peterson, expenses Supreme Court Peterson, services and 200.90 Eleanor W. Mumford, 2.10 Gulbrandson Hdwe. Co., Theo. Wiele, janitor's sup2.75 Elec. Co., for house 1.80 Elec. Co., repairs .50 Gerber, supplies for 20.00 Arnold, labor and supplies for 10.23 Gulbrandson Hdwe. Co., supplies 2.50 Jefferson Motor Co., supplies Red Cross Nurse 55.28 Albert Lea Taxi Line, haulWulff, 2.50 Farnsworth, fees in 3.00 Albert one-half of 18.00 cost Hanson, taking children to State school expenses 7.00 Western Union Tele. 2.27 telegram Cleon Holway, transcribrecords 50.00 Mimoso, repairs to book machine 1.50 E. Hammond, premium insurance 15.89 Monroe Calculating Mach. Co. Monroe chine 475.00 Poor Sand Beach Sanatorium, care Vernon 77.00 State Sanatorium, board and care of patients 244.10 City County Hospital, of patierts 76.25 39.80 Vollum, medical 15.00 Butturff, medicines 38.00 Speltz Grain Coal plies for county home 199.12 North Side Hdwe. Co., supfor county 5.70 Albert Milk supplies for county 32.90 Victor Glanze, supplies for home 42.11 New Meat Market, 18.15 Central supplies home 6.02 county County supplies for county 27.20 home Road Bridge Highway Dept., plies Zielger, supplies 115.60 Henry Simons Lbr. 9.74 plow 59.75 Edwards Mfg. Co., supplies Co., sup1.60 plies Motor Inn Co., supplies and labor 101.03 Bartsch, gas and 16.85 Standard Oil and 32.76 gas John Mickelson, 150.00 McFarland, labor Kvenvold Auto Co., repairs plow 18.10 to Geo. Hallum, of tractor_ 5.00 Trybom, tractor rental 979.00 Otis Sawyer, Hendricks, 170.05 Hendricks, 44.65 Carroll Anderson, snow plow operator 65.40 Parks, chainman 21.00 John Nielson, expense and 51.95 and Squire, expense Paul Jensen, labor, Harvey Briggs, labor, 5.73 Chester Tostenson, labor, No. Fred Katzung, labor, Harlon Foss, labor, No. 25.50 Chester Hendrickson, labor, James Beighley, labor, Curtis Clemmetson, labor, R. No. Henry labor, Nos. 54.85 Isaacson, labor, John labor, 29.70 Lloyd Thompson, labor, Swenson, labor, No. 12.75 Lawrence Schoen, gravel, 29:25 Young, labor, 4.95 James Peterson, labor, Rudolph Behn, labor, M. Prihoda, labor, Morrison, labor, James Christenson, labor, 17.05 Geo. Jones, labor, Nos. 15 and Knutson, labor, and 18.39 Elmer Anderson, labor, No. 11.00 Henry labor, 43.25 Gates, labor, No. labor, 5.00 Ries, labor, No. labor, Olaf Bridly, labor, and Sarah damages, No. made Stensrud carried until Tuesday, 5th day April, OLAF Chairman County County

12. March 17, 1927 The Alden Advance Alden, MN
Article from The Alden Advance, March 17, 1927

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PROCEEDINGS ADJOURNED MEETING OF COUNTY BOARD The Board of County Commissionof Freeborn County met at the of the County Auditor in the City Albert Lea Tuesday, the 1st day March, 1927 at 10 o'clock m., with members present. motion was made by CommissionMcKeown, seconded CommisJioner Bridly duly carried that the applications for reduction of assessment or refundment taxes be approved and to the Minnesota Tax Commission for Fred Diekema, P. Prop., Geneva township. Mrs. Chas. Gillard, R. Estate, Freeman township. John B. Schad, R. Estate, Geneva village. Motion was made by Commissioner Hellie, seconded by Commissioner Stensrud and duly carried that the tition Johnson, et for of road in Section 102-20 be rejected. vote being taken Hellie, Wangen, Stensrud (yes), and Bridly and (no) Stensrud offered the the Citizens National Bank of Albert Lea, Minnesota closed February 15, 1927, and Freeborn County had deposit with said bank that day the $12,075.04, said eposit being in the name of Freeborn County Treasurer, and WHEREAS, default has been made the payment of said deposit although demand has been duly made therefor, and WHEREAS, said deposit was protected and secured by Liberty Bonds aggregating the principal amount which he custody of the First National Bank of Minneapolis, Minnesota, RESOLVED: That said First National Bank Minneapolis, Minnesota directed either to turn over said bonds to the Treasurer of Freeborn county or to sell said bonds at the present market value thereof and pay to the Treasurer of Freebron County the said of and deliver of said proceeds the Receiver said National Bank of Lea. Minnesota. Resolution adopted. Wangen offered the Citizens State Bank of Minnesota closed February 16, and Freeborn County had deposit with said bank that day the and WHEREAS, default has been made in payment of said deposit though demand has been duly made WHEREAS, said deposit tected and secured county depository bond executed by said bank principal and Houg, Thune, and sureties, said bond being and effect. That the Treasurer and County Attorney this county be and they are hereby instructed to take whatever action necessary to recover from said bank and said sureties said sum of Resolution adopted. Bridly offered the following resolution: Resolved: That the proposed plats Section and all in certified by Harold registered and professional engineer and of the Albert Farms under date of January 1927, and dedicated by the property described said plats which plats with abstract and certificate of title said premises having been presented the Board County Commissionfor approval be and the same are hereby accepted. Resolution adopted. Bridly the following That Eleanor W. Mumthe whole nurse County for months day of February 1927 month and actual and are permitted Chap. of the General Such Public Health Nurse shall work under the general direction the Red Executive of Freeborn County and the CounAuditor hereby directed to draw warrants favor of said Eleanor Mumford, accordance with this olution. Wangen offered the Citizens National Bank of Albert Lea the place of and principal the Trunk Highway Bonds issued under date Sept. 1925 15, and said bank has suspended. That the Northside State Bank of be Minn., and hereby designated as the place of payment of said interest and principal from date forward and the previous designation be and hereby revoked. Resolution was adopted. Pursuant due call and notice thereof regular meeting of the Beard of County of County, Minnesota, held Albert Lea in said County the 1st day March, The members present: Olaf John Oluf Hellie. Botolf Stensrud, and the following were absent: None. the following resolution and moved adoption: WHEREAS proceedings have been duly taken and had for the and of that certain public drainage ditch known Judicial Ditch No. 12, Freeborn County, Minnesota, and it has been definitely determined that the pense incurred and to be incurred in constructing said ditch in said county vill be in excess of the sum of nd there are no funds in the treasury said county applicable to the payof expenses, NOW, BE IT REOLVED by the County Board Freeborn County, Minnesota, negotiable coupon bonds of said shall issued on account of the construction of said ditch in the gregate sum of $22,500, said bonds be in number and numbered from to 23, both inclusive, each to be the denomination $1,000 except bond No. 23 which shall be the denomination of $500, all of which said bonds to be dated 1927, to bear interest at rate to be specified by the successful bidder not per which shall be payable the 1st days of October and of year in with and upon presentation and surrender of appropriate interest coupons to be attached to said bonds, bonds shall serially on in the and amounts follows: $1,000 years each years 1933, 1935, 1937, 1939, 1941, 1943, and 1945; $2,000 each the years 1934, 1936, 1938, 1940, 1942, 1944, and 1946; and $1,500 the year 1947 BE FURTHER that of said bonds shall be signed the Chairman of the County Board County, and by the County and each of said bonds shall be sealed with the corporate seal of the county and corded by the County Auditor, and the to to said bonds shall be executed and authenticated by the facsimile signatures of said Chairman and Auditor, and that said bonds and coupons shall be in substantially following form, which form is hereby approved and adopted, to-wit: UNITED STATES OF AMERICA State of Minnesota County of Freeborn DRAINAGE DITCH BOND KNOW ALL MEN BY THESE PRESENTS that the County born in the State of Minnesota, knowledges itself indebted, and for value received hereby bearer lawful money of the United States America on the 1st day of with interest from the date hereof until paid at the rate of per cent annum, payable 1st of April and October in each year, in with and and surrender of the interest coupons as they erally due. Both principal and interest of this bond are payable the city and the punctual payment of the principal and interest of this bond the same spectively become due the full faith, credit resources said County of Freeborn are hereby irrevocably pledged. This bond is issued by said County of Freeborn for the of defrayand for in part, the expense incurred and be incurred locating, constructing and establishing certain public drainage known as Ditch No. 12 of Freeborn County, Minnesota, the whole of which ditch situated within said County, and issued by authority of and in strict compliance with the provisions Chapter 415, Session Laws of the State of Minnesota for the year 1925, and acts thereto, and pursuant to resolution of the CounBoard of said County duly passed, IS HEREBY AND that all acts, conditions and things required by the constitution and laws of the State of Minnesota to be performed, to happen, and exist precedent and in the issuance this bond, have been performed, have happened, and existed in regular and form, time and manrequired by law, and that the indebtedness said County of Freeborn, including this bond, does not any or statutory and that the ditch account which this bond issued public drainage ditch and legally for public utility IN TESTIMONY WHEREOF the County Freeborn, Minnesota, by County Board has caused this bond signed Chairman of said Board and signed and recorded by the County Auditor, with the seal said County affixed hereto, and has caused the attached interest to be executed signatures of said Chairman Auditor, and this bond be dated of the 1st day of 1927. April, OLAF Chairman of County Board, Freeborn County, Minn. CLEON County Auditor. of Coupon) On the 1st day of April (October), the County of Freeborn, Minnesota, will pay to bearer the sum money of the United States of America being the semi-annual installment interest then due on its Public DrainDitch Bond dated April 1927, OLAF WANGEN, Chairman County Board CLEON County BE IT FURTHER that said bonds and the interest coupons attached shall be paid out of any available funds of the County of said treasury County when the funds hand in the General Fund of the treasury of said County to meet the the interest or principal of said bonds when the same respectively be due, and the County Auditor County Treasurer of said County hereby authorized and directed the interest and bonds in such event and to take necessary steps to that end, but th funds from which moneys may taken or used for the payment or interest said bonds shall be replenished with interest at the rate six annum from the of ments for said ditch as collected BE FURTHER that the full faith, credit and resources of the County of Freeborn and of this County Board as such and the same hereby are, irrevocably pledged to provide the money for the principal and interest of said bonds when and the same become BE IT FURTHER that said bonds when duly executed sealed shall be delivered the County Treasurer to be delivered him to the purchaser thereof upon of the purchase price, and the purchaser shall not be obliged to the of said price, the proceeds of said bonds be placed in the proper fund and used only for the purpose of paying the expenses of locating, constructing establishing said ditch as above specified. BE IT that the County Board of Freeborn Counshall meet at office of the County Auditor, in the Court House in Albert Lea, Minnesota, on the 6th day April, 1927, at two o'clock for the purpose receiving bids for and the sale of the above bonds, and that the County Auditor is hereby authorized and directed to cause notof the sale of said bonds to be by of notice thereFreeborn Standard, the official newspaper of said County once each week successive weeks, the first of said to at least days prior to the said 6th day of April, 1927, exclusive of the date of such first publication, which notice shall be in substantially the lowing form: NOTICE OF BOND SALE Notice is hereby given that the Board of County Freeborn County, Minnesota, will meet office of the County Auditor in the Court House, Albert Lea, Minnesota, the 6th day of April, 1927, at two for the purpose of ceiving for and awarding the sale Public Drainage Ditch Bonds of said County to be issued on account of the construction of JudiDitch No. 12 in said County. Said bonds to be in the denomination $1,000 each, except one bond in the amount of $500, all dated April 1927, bearing interest at rate to be specified by the bidder but exceeding per annum pay able on the 1st days of April and October of each year, which bonds will mature serially on the years and amounts follows: each of the years 1933, 1935, 1937, 1939, 1943, and 1945; $2,000 in each of the years 1934, 1936, 1938, 1940, 1942, 1944, and 1946; and in the year 1947. Principal and interest of said bonds will be payable at any trust the United States designated by the successful bidder. The County will furnish the printed bonds and the proving legal opinion of Messrs. Lancaster, Junell Dorsey of Minneapolis, for said issue to the purchaser. All bids must be unconditional and accompanied by certified check the order of the Treasurer of born County, Minnesota, the sum of least to be forfeited liquidated damages case such bid accepted and bidder shall fail comply therewith. Sealed bids may mailed to the undersigned, and bids will be received at the above time and place. Dated at Albert Lea, Minnesota, this 1st day of March, CLEON County Auditor. BE FURTHER that said County shall furnish the printed bonds for said issue and the legal opinion thereon without cost the purchaser thereof, as specified in said form of notice. The motion for the adoption of the foregoing resolution was duly seconded Hellie, and upon vote being taken the following voted in favor thereof: Olaf Wangen, John Oluf Hellie, Botolf Bridly, Stensrud, and the following voted against the None. said resolution was declared duly passed and adopted. Approved: OLAF Chairman Board of County The following claims laid over: Eugene Ostby, grubbing and clearing right of Morgan, The folowing claims were allowed County Walter Booth Son, supplies 3.64 supplies 17.65 The Commercial Press, supplies 26.25 Albert Lea Publishing Co., supplies 805.58 Trades Publishing Co., supplies 27.00 Morgan, supplies 10.75 Mimoso, supplies 1.50 The Briggs Drug Co., supplies 3.50 Trades Publishing Co., publishing delinquent tax list_ 56.25 Trades Publishing Co., publishing financial statement 1,919.75 Hartland Herald, publishing property tax 123.05 Trades Publishing Co., publishing personal property tax list 56.70 Morgan, publishing sonal property tax list 94.30 Interstate Power Co., light and gas for court 80.41 Mrs. Mary Otteson, boarding prisoners 144.25 James Otteson, 26.20 Harold Dahlen, expense 22.00 Stensrud, 18.71 Hellie, expense 18.80 Olaf Wangen, expense 20.76 expense. 16.01 Albert Lea Taxi Line, livery with 10.00 Bridly, Gamble, post mortem, Lynn 10.00 Burns autopsy, Lynn Turbett 10.00 Ilmer R. Peterson, expenses at Supreme 30.00 Peterson, services expense 200.90 2.10 .65 Eleanor W. Mumford, pense Gulbrandson Hdwe. Co., janitor's supplies Theo. J. Wiele, janitor's plies 2.75 Elec. for court house 1.80 Elec. Co., repairs at .50 Wm. A. Gerber, supplies for jail 20.00 Arnold, labor and supplies for 10.23 Hdwe. Co., supplies for jail. 2.50 Motor Co., supplies for Red Cross 55.23 Albert Lea Taxi Line, hauling Thompson Wulff, 2.50 Farnsworth, fees in sundry cases 3.00 Albert Lea Twp., one-half of cost of quarantine 18.00 Hanson, taking children to State school 4.35 Johnson, expenses paid 7.00 Western Union Tele. Co., telegram for sheriff 2.27 Cleon Holway, transcribing records 50.00 B. Mimoso, repairs to book machine 1.50 E. Hammond, premium on 15.89 Monroe Calculating Mach. Co. one Monroe calculating machine 475.00 Poor Sand Beach Sanatorium, care of Vernon Minn. State Sanatorium, board and care of patients City County Hospital, board and care of patierts medicines Vollum, M. D., medical Dr. R. Butturff, medicines Speltz Grain & Coal Co., supplies for county home North Side Hdwe. Co., supplies for county home Albert Lea Milk Co., supplies for county home Victor Glanze, supplies for county home New Home Meat Market, supplies for county home_ Central Elec. Co., supplies for county home Freeborn County Co-op. Oil supplies for county home 77.00 15.00 38.00 199.12 32.90 42.11 18.15 6.02 27.20 1.60 Road and Bridge Minn. Highway Dept., supplies .68 H. Zielger, supplies 115.60 Henry Simons Lbr. Co., supplies 9.74 C. Edwards Mfg. Co., supplies 99.94 Gulbrandson Hdwe. Co., supplies Motor Inn Co., supplies and labor 101.02 Bartsch, gas and 16.85 Standard Oil Co., gas and oil 32.76 John Mickelson, 150.00 McFarland, labor on snow plow 59.75 Kvenvold Auto Co., repairs to snow plow. 18.10 Geo. Hallum, use of tractor. 5.00 Trybom, tractor rental 979.00 Otis Sawyer, gravel 5.20 Hendricks, tractor operator 170.05 Hendricks, tractor operator 44.65 Carroll Anderson, snow plow operator and 65.40 Lawrence Parks, chainman. 21.00 John Nielson, expense and of 51.95 Squire, expense and use of 96.81 Paul Jensen, labor, S. R. No. 8.53 Harvey Briggs, labor, 5.73 Chester Tostenson, labor, No. 4.80 Fred Katzung, labor, S. R. No. 15.75 Harlon Foss, labor, S. No. 25.50 Chester Hendrickson, labor, No. 16.30 James Beighley, labor, No. 9.35 Curtis Clemmetson, labor, No. 61.37 Henry Clemmetson, labor, Nos. and 54.85 H. Isaacson, labor, Nos. and 148.70 John labor, 29.70 Lloyd Thompson, labor, S. 13.25 J. Swenson, labor, S. No. 12.75 Lawrence Schoen, gravel, No. 11 29.25 Young, labor, No. 11 4.95 James Peterson, labor, No. 13.75 Rudolph Behn, labor, 29.95 Jos. M. Prihoda, labor, S. No. 13 22.95 Morrison, labor, No. 14 19.75 James Christenson, labor, R. No. 17.05 Geo. E. Jones, labor, Nos. 15 and 23.10 Knutson, labor, Nos. 15 and 18.39 Elmer Anderson, labor, No. 11.00 Henry Wyant, labor, No. 43.25 Donald Gates, labor, 3.86 Clarence Wyland, labor, No. 5.09 Ries, No. 26 11.70 labor, No. 26 24.85 Olaf Bridly, labor, 26 9.90 Harold and Sarah damages, No. 240.00 Motion was made by Stensrud and duly carried to adjourn until Tuesday, the 5th of day April, 1927 o'clock at OLAF WANGEN, Chairman County Board. HOLWAY, County Auditor. and

13. November 14, 1927 The Albert Lea Tribune Albert Lea, MN
Article from The Albert Lea Tribune, November 14, 1927

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OUTING ROBBERY Occupied Cottage at Clear Lake, Resting and Having Good Time. Mankato, Nov. to summer resort near Waseca, bandits who robbed the Ed Lamm drug store, the Smith jewelry store, and the Sullivan and Smith shoe store here last Sunday night, divided their loot at the Herbst cottage at that place where they apparently lived high and drank bonded liquor stolen Ed Lamm drug store. They did not leave that resort until Tuesday morning at o'clock. This has been proven by investigations made by Sheriff Frank Cords and Chief of Police Jacob Hilgers, returned from Marshalltown, Iowa, late afternoon. Empty whisky cartons and bottles bearing Lamm's address together with prescription whisky bottles secured elsewhere, were found by the Mankato officers in the Waseca cottage, together with jimmy, and other burglar tools. In Waseca it was learned that two men and two women had occupied cottage Elk park on two ferent occasions. The last time the cottage occupied from October 31 November the Tuesday following the triple robbery in this city. Injured Bandit Talks The injured bandit in whose car large amount of the loot stolen from the Ed Lamm drug store was found, together with some of the loot taken from the Smith jewelry store, was by the Man kato officers, Marshalltown hospital, while they were in that investigating the Mankato robbery. According to the statement of the two local officers the injured man admitted that he gave an sumed name he first to the Marshalltown hospital, after being injured in an automobile crash near that city. He now says that his true name is Ray Harman of Corsicana, Tex., and not Jones first stated. He alleged to have stated Blue Earth county officers that he in Mankato preceding the tri ple robbery in this city, but flatly denied he took any part in He also admitted that he has prison record but explained it in this way. He stated that he was arrested in the state of Texas on grand larceny charge and was for time confined in the Huntsville, Tex., prison. Later man when dying confessed crime for which Harman serving time. Later, he states, he ceived full pardon and was exonerated of the grand larceny charge. Denies Knowledge of Goods Asked by Mankato officers how came that the Mankato stolen loot, was in his car, Harman plied that it mystery to him, for he did know was there when he left Waseca at a.m Tuesday morning. He says that he took no part in the Mankato robbery, but not able to state whether his two pals did not. Harman says that he first met one one of his pals, with whom he was visiting at Waseca, while he was incarcerated in the Huntsville, Tex., prison. He had been told by man, that the duck hunting in Minnesota was good, and especially Waseca. This the reason he left Texas about seven weeks ago to come north and visit his friends, he says. He stated that his two pals and their wives had occupied cottages Waseca two different occasions the past summer. This statement verified later by Sheriff Cords and Chief of Polic Hilgers. Harman said that he did not leave Elks park at Waseca until Tuesday morning He said that he was driving Hudson coach bearing an Oklahoma license. erything, went well with himself and two pals until he reached point near Marshalltown, Iowa, running high rate of speed, when he plunged into the ditch. He stated that his pals and the women occupying Buick coach and Studebaker coach. mortgage debt, together in May Fail to Recover terest, together the sum The attending physicians at the One ($100) Dollars Marshalltown hospital stated to torney's fees stipulated in said Mankato officers that there are mortgage, to be paid in case of still grave doubts Harman's foreclosure of the same, which recovery. Among the many seri- claimed part of the debt secured ous wounds sustained by the man by said mortgage, together with the costs and allowone the chest. He has been ed by law, and any taxes which bleeding slowly internally ever may be paid by the undersigned on since and this weakening him before said date of sale. fast. Dated at Albert Lea, Minnesota, checkup of the loot from the this 10th day November, 1927 Smith jewelry store found in the THOMPSON Rewrecked that about ceiver The Citizens National worth of now being held Bank of Albert Lea, corporation. evidence by Iowa officers. Ryan By Meighen, Knudsen Sturtz, Kunze, one of the clerks at the Ed Albert Lea, Minn. Lamm drug store in this city, acAttorneys for said Receiver. companied, the sheriff and chief police Marshalltown and positively identified the narcotics, Ireland's Famous River leather goods, perfume and other The Shannon the largest river trinkets taken from the Mankato Ireland. rises in County CaPractically everything and flows through Loughs Alfrom the Lamm store can be len, Ree and Derg to Limerick, counted for with the exception whence opens into magnifithe bonded liquor, which is miss- estuary. The Shannon is 254 The have miles in length and is navigable in charge federal miles. NOTICE OF REAL ESTATE SALE Notice is hereby given that fault been made under the terms, and provisions of certain real estate mortgage made by Schultz and Hansine Schultz, husband and wife, mortgagors, Grant Manford Skophammer, mort gagee, bearing date January 1920, in the principal sum Thousand Eight Hundred ($5,800) Dollars, which mortgage was thereafter filed for record in the office the Register of Deeds of Free born County, Minnesota, July 1920 at o'clock M., and thereupon recorded in Book 58 of Mortgages on page 450; which mortgage was thereafter assigned by said Grant Manford Skophammer to Edna by dated February 1921, and filed in the office of Register of Deeds on February 1921 at o'clock m., and thereupon in Book 39 of Mortgages, page 606; which mort gage was duly assigned said Edna Skophammer (later Edna Faeth) to the Citizens National Bank of Albert Lea, corporation, by written signment, dated August which assignment was thereafter filed for record in the office of said Register of Deeds October 1927 o'clock and thereupon recorded in Book of Miscellaneous Mortgages on page 262. That said default consists in the failure to pay the principal of said mortgage on the due date thereof March 1925, as provided by the terms thereof. And Whereas, said mortgage contains the stipulation and agreement that default be made in the payment of the sum thereby, interest, or part thereof, the payment of the taxes the real estate described, the said mortgagee assignees are fully said mortgage as provided by law. there claimed to be due and due the mortgage on the debt secured thereby the date of this notice, the sum Six Thousand Three Hundred Seven and Dollars. and no action or proceeding at law has been instituted to recover the same any part thereof, NOW THEREFORE, Notice hereby given that by virtue of the power same said mortgage contained, the undersigned, Maekey Thompson as Receiver the Citizens National Bank Al bert Lea, corporation, has elected and hereby elects to foreclose said mortgage pursutant to the statute such made and provided, by sale of the premises therein The East Half of the Southeast Quarter of Section TwenTownship One Hundred Three North, Range the Fifth except public highway, and except the east side of said land heretofore deeded by Peter H. Peterson to Knud Larson in deed recorded the office the Register of Deeds for Freeborn county, Minnesota, in Book of Deeds Page 534 (more particularly described follows: Beginning one rod west of the southeast corner of Section in Township One Hundred Three North, Range running parallel with the section line between Sections and in said township and range to point Forty rods north of the said place of and except of land by the said Peter H. Peterson Gilbert by deed recorded in Book Deeds, page 110, (more particularly described as follows) One rod in width off from the east side of the Northeast Quarter the Southeast Quarter of Section Township One Hundred Three North, of Range Twenty One; said lands herein veyed containing acres, more less, according to government survey, which sale will be made by the Sheriff of Freeborn County, Minnesota, at the West front door the Court House in the City of Albert Lea, County and State Minnesota, on the 27th day of December, D., 1927, o'clock in the of said day, the highest bidder for case, pay and satisfy the amount which shall then due on said

14. November 14, 1927 The Albert Lea Tribune Albert Lea, MN
Article from The Albert Lea Tribune, November 14, 1927

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VERY IMPORTANT DECISION IN CHECK CASE MADE HERE; of Jara Albert Lea Case Building & Loan Asso. in Local District Court gued Before Haycraft Ends Judge in Favor of Mr. Jara. Be diligent in cashing your check, otherwise you lose if the bank closes. So holds Judge Haycraft in the decision filed today in Jara Albert Lea Building Loan association. The case was argued in the local district court last week. Early Thursday afternoon last February, Frank Jara, who lives at 624 West Clark St., drew his check on the Citizens National Bank and handed to the Building Loan payment on his mortThe next Monday forenoon gage. o'clock it was presented for but the bank had payment, ceased paying checks. The court held the defendant association negligent and required it to give Jara credit for the full amount of his check. The controlling findings follows: Erickson, President of That the Albert Lea State Bank at all times material herein, was during all said times director and the Treasurer of the defendant company. That in the evening of Friday, February 11, 1927, there were of the unsafe and unstable condition of said Citizens National Bank; that these rumors at said time recahed said Erickson. That during the afternoon or ning Saturday, February 12. 1927, and during the evening of Sunday, February 13, 1927. the said Erickson was in conference with the officers of said Citizens National Bank and the officers of all the other banks in said city tive to the unsafe and unstable condition of said Citizens National Bank, which conference was for the purpose of averting the closing said Citizens National Bank, possible; that the said Erickson and the said officers of the other banks to some extent examined and considered the bills receivable of said Citizens National Bank and other affairs in connection with said bank. That run was made upon said Citizens National Bank at the openof said bank at nine o'clock the morning of Monday, February 14, 1927; that this so-called run upon the bank consisted of line people standing from the doors of the bank on to the street, and diagonally across the street from the said Albert Lea State Bank, and in full view of the officers and patrons of said Albert Lea State Bank; that said Citizens National Bank suspended payment of all checks drawn upon at about the hour of ten o'clock in the forenoon of February 14, 1927, but did not, fact, close its doors until the regular closing time at three o'clock in the afternoon of said day. That, had said check of plaintiff to defendant presented to said drawee bank at any time prior to o'clock in the forenoon of ruary 14, 1927, the same would have been paid in full, said check was not presented to said drawee bank by defendant until about in the forenoon of said February 14, 1927, when thereon was refused. That said 1,020 check, plaintiff to defendant on February 1927, aforesaid, was deliverto defendant early in the afternoon of said day in time to have been deposited in either defendant's depositary bank or the drawee bank on said day; that said check was not deposited or presented to either of said banks or at all on Friday, February 11, 1927. That Thursday, February 10th, Friday, February 11th, 1927, not legal holidays, and were usual legal and business working days; that Saturday, February 12, 1927, was legal holiday; that February 13, 1927, was Sunday. That there are no special circumstances taking this case out of the rule that said check should have been presented within reasonable time, and due dilligence should have been exercised, as provided by law; that there are special cumstances requiring the presentation of said check for payment promptly within reasonable time, and requiring the utmost exercise of diligence in the presentation of the same; that the defendant allowed an unreasonable length of time to elapse before the presentation of said check for payment; that the defendant was not gent, but neglegent, in the presentation said check for payment.

15. January 14, 1928 The Austin Daily Herald Austin, MN
Article from The Austin Daily Herald, January 14, 1928

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BANK RECEIVER DIRECTORS Albert Lea Officials With Negligence in Handling Albert Lea chapof excitement in the closing of the Citizens National Bank of this city made public when learned that Mackey Thompson, the receiver of the bank had started suit the directors of the bank recover some $34,000. The charge to the effect that the directors have been in their duties when some of the bad loans were made which are claimed have helped cripple the bank. The directors who are named the complaint are Edward Olson the Oscar Olson the August Asleson, Hanson. H. Wood, Burt Knatvold, Dr. von Berg. Attorney Carlson. Charles Jorgenson and Nelson. The papers wore served on each director Friday. The suit has been filed the Federal District court at Mankato and scheduled tc come up next April. Attorneys Albert Lea and George Peterson of Paul will appear for some of the rectors and Knudson and Sturtz are the attorneys for Mr. Thompson.

16. March 20, 1928 The Albert Lea Tribune Albert Lea, MN
Article from The Albert Lea Tribune, March 20, 1928

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devotion seems to Tretzky's Gazette. SHERIFF'S SALE NOTICE OF UNDER State of Minnesota, County of Freeborn. In District Court, Tenth Judici District. as Receiver Mackey Thompson Bank Albert Lea, Plaintiff. W. Johnson, Defendant. Notice Is Hereby Given that virtue an execution me rected and delivered, issued out the District Court the State Minnesota, in and for the county Freeborn, upon judgment renderin favor Mackey Thompson Receiver of The Citizens National Bank of Albert Lea, Plaintiff and against Johnson, defendant, have levied upon the following described real property of sald defendant, An one-eighth interest in and the following parcels: (1) The south feet of lot six in block twentyeight, in city of Albert Lea, The east one-half the quarter the southwest northwest quarter the southwest quarter and southeast quarter of the northwest quarter, all in section six, township one hundred two north. range twenty, containing acres, more less, according to survey subdivision Government lots three and four in section in township one hundred range being timber lot an island, containacres, and that shall on the day of April, 1928, ten o'clock the forenoon of said day at the front door of the court house in the Albert Lea, in said county city to sell the and state, proceed interest the right, title and named defendant in and to the above described property satisfy said judgment and costs $364.40, together amounting with accruing costs of and interest, at public auction to the highest bidder for cash. Dated March 1928. JAMES OTTESON, Sheriff. Freeborn County, Minn. By ALFRED LARSON, Deputy. Meighen, Knudson Sturtz, Albert Lea, Minnesota, for Plaintiff. Attorneys NOTICE OF REAL cial FORECLOSURE MORTGAGE SALE. given that Notice is hereby fault has been made in the payment of One Hundred Twenty lars interest, which in- the terest became due on the 29th day of September, 1927 and which sum claimed to be due and is due the date of this notice upon cermortgage duly executed and is delivered Daniel Hess and Addie Hess, wife, Mortgagors, The First National Bank of Albert Lea, Minn., Mortgagee, bearing date the 29th day March, 1926, and filed for record on of March, 1926 the 29th and thereupon recordBook of Mortgages in page in the office of the Reg. ister of Deeds of Freeborn County, And, said mortgage tained the stipulation and agreement that default be made payment of the sums secured thereby, interest, any part thereof, in the payment of taxes, become due and payable which against said premises the time and the manner therein specified for the payment thereof, the fully authorizsaid to declare the and empowered full secured by said mortgage to be due and payable; And, there claimed to be and due on said mortand the debt gage date of this notice, the sum Four Two and Dollars 231.15) and no action or proceeding at law been to same or any part recover the thereof. Now, Therefore, Notice is hereby given, that by virtue of the power sale in said mortgage contained, has elected the said mortgagee and hereby elects to declare the secured by said whole amount to be due and payable, mortgage and pursuant to the statute such made and provided the said foreclosed by will be mortgage the premises described and conveyed by said mortgage, to- The Northwest quarter of Southwest quarter and day much of the Northeast quarter of the quarter as west of the lies south and open and public highwhich goes diagonally through and the last scribed tract, all lying in Section (24), Township Hundred One (101) of north, Range (21) Freeborn County, west, Minnesota; sixth by the will be made which sale Sheriff of Freeborn County, Minand nesota, at the west front door the city of house in the court bert Lea, in said County of Freeborn and state Minnesota, on the 28th April, A.D. 1928, at ten the forenoon of said day the highest public vendue and satisfy bidder for cash, pay the which then due on said mortgage debt, together with together with the will sum attorney's fees stipulated said mortgage be paid foreclosure of the of the claimed part which debt by said gether with the costs and disburseby law, together allowed with taxes, any, on said prempaid by said Dated March 12th, 1928. NATIONAL. BANK THE. FIRST. OF ALBERT LEA, Mortgagee. Meighen, Knudson Sturtz, Minnesota, Albert Attorneys for PLAY CAGERS SCHOOL WEEK TITLE THIS FOR STATE Will Northfield Austin and Clash First During All About Rated Teams Equal. March automobusses, private trains, othcars, and any biles and street this of transportation, form Twin Cities to the week will bring fans for of basketball thousands Minnesota annual sixteenth Athletic assoHigh School State ciation tournament. Quartered in the new University Minnesota Fieldhouse, the meet all previous expected to pass of attendance. the line meets in 14,000 availaseats for There are ble at the University, more than Kenwood Armmore than has been where Minneapolis, ory, held for the past several years. Large Groups of Fans The largest delegations of root to come from the Excelsior. entry and Twin Cities The latter town last year came have been and preparations masse estabto close all made lishments and schools so that the the opening game attend fans Thursday. Northfield, located only short the scene of distance from send bigger expects to flict, crowd than that which followed Moorhead state contest. 1926 the also will Minnesota in northern have bigger following on hand lend its moral support to the winners of the first region. Applemeet winner, the third region ton, send bigger representto expects ation than last year. Minneapolis. Dr. Getchell of John of the University Cook Minnesota is head scorer. Past Champions table of past Following tournaments, showing the champions, runnerup and sportsmanship winners: Fosston; runMountain Lake. Stillwater; Winona. nerup, Red Wing; run Mountain Lake Virginia; runMechanic Arts. Mountain Lake. Waseca; Duluth Central. Albert Lea; New Ulm; sportsmanrunnerup, ship, Chisholm. Red Wing: runsportsmanship, nerup, Minneapolis South. Minneapolis 1921 Champion, New Ulm; Central: runnerup, sportsmanship, Hibbing Red Wing; Champion, runnerup, Madison; sportsmanship, Aurora; runnerRochAustin; sportsmanship, up, ester. Two Harbors; Minneapolis runnerup, Moorhead. Mechanic Arts; Buffalo; sportsmanship, runnerup, New Prague. Gaylord; runGilbert. nerup, Champion, Minneapolis 1927 South; runnerup, Excelsior; sportsmanship, Appleton. Preliminaries Start Thursday The preliminary round of the tournament start Thursday with Excelsior meeting sixth region champions, and one tangles with later Moorhead hour winners. Norththe second region region team and the eighth field with the from that day plays meeting was Twin Cities Appleton at both the regular of who and consolation tournaments are Losers of the carded for Friday. on afternoon games play Thursday six losers of and the o'clock, mile tilts clash at night's him. the afternoon games Winners of 16 winners of the Thursday and ners Friday night contest meet ning's and Three Games On Saturday Three contests will be played with the winners Saturday night, afternoon's games playFriday for the fifth and at losers of Friday and places, heat for third clashing night's games The chamfourth positions. scheduled to start is pionship game victors in Friwith the night's games participating. for the two admission General fifty cents, afternoon programs admission at night general $1.00. seats for any perwill be $1.00. formance night admission, tickets, general Season sold at $2.50. be of the C. Oss is manager Arnold will include Referees tournament. of MinneR. Smith, University St. Cloud and George Lynch, sota;

17. October 6, 1928 The Albert Lea Tribune Albert Lea, MN
Article from The Albert Lea Tribune, October 6, 1928

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down to Marshalltown, Ia., for the Hotel Tall formal openspoke Albert Tommy morning. back bert Lea late can feel story build proud of this seven operated by the Eppley ing Hotels Co., the people hotels from coast to coast. While in Marshalltown Wesley Demmon, formerly of Albert Lea took me all through the Western Grocer Mills of that city. wouldn't be were not for the much great canning factories of this wholesale Brewconcern. head of the local once branch, has his offices at the mills along side of Mr. Demmon's offices. Right now the facrunning full blast tories canning kraut and pumpkins. They all through with the beans and tomato canning. wonder the Western brands of such fine quality All products used are of the highest grade. The machinery the most modern invention and the inspection work during the canning is the most critical. When you eat the Western Grocer brand you can feel sure that you get quality and at the same time things that are absolutely clean and wholesome. Both Mr. Brewer and Demmon have lovehomes in Marshalltown. Mrs. Demmon has been very, very sick but under the best of medical care she slowly recovering. Through all of her sickremained sweet and she always has pleasant been. While she could go to the big opening she was able at the hotel to occupy room where could get glimpse of the banquet tables and the happy dancers. Goodbye. Don't fail to take ride Sunday. Right now the woods nev er looked so beautiful.' WEATHER Mostly fair tonight and Sunday; cooler tonight in south and east portions; probably frost rising temperature Sunday and north portions. Yesterday, 67; last night, 52; this noon, 63. Dance D.B.S. Hall Sat., Tapps'. We are now serving Palace of Sweets. 235-2r supper. We are buying good new ear corn delivered at Albert Lea. Call Speltz, Grain Coal Co. Married morning Rev. Henry Widen of the First Baptsit church united marriage Herbert Larkin and Miss Alice Strahorn, both of Waterloo, The marriage was performed at the sonage on West Clark street. Over and Mrs. Hanson, north of town, and Mr. and Mrs. Chris Bertleson of South Broadway, left by car this morning for Lake Benton where they will visit relatives friends. The Hanons' daughter, Mrs. Harold Nielson, lives in Lake Benton. They return Monday. Fad-A new fad Rochester where five Virginian families who are making their homes in Minnesota have brought with them an old Virginian custom. During the last part of tember and the first part of October each of these families who are related give an apple butter party o'clock at night. The starting guests peel apples and put them in copper kettle which mud furnace in the placed in Each member of the back yard. party takes his turn stirring the butter with wooden ladle apple while the others sit around the fire and make merry until midnight when the kettle comes off the fire and the butter rich, deep red Sugar Beet sugar beet crop that is estimated to bring farmers Martin county approximately $140,000 was in prospect yesterday as the harvest commenced several parts of the county. There seven loading stations in the county where the crop will be taken. large crew of Mexican workers are busy Sherburn cutting off the tops prepare the beets for hauling. The American Beet Sugar Co., Mason City, has agreed to pay ton if the total production the plant reaches 140,000 tons which figure it is predicted it will attain. Nearly 2,000 acres of beets were planted this year in the coun An average yield of 12 tons an acre, and worth $78 to the farmer expected by the managers handling the crop. Killed Young Reber, 16, driver of the car which ran down and killed Helen Halleng er, at Zumbrota and his mother indicted by grand jury at Red Wing yesterday on charge of failing to stop after knowingly having injured person with motor vehicle. Conviction of this offense carries term of not more than one year in the county jail or fine of not more than both. The two were taken into custody while on their farm. An investigation revealed several dents on the fender the car and when the sheriff questioned the mother she finally broke down and admitted that her son had driven the The boy frankly admitted that he knew his car had struck the girl and that he did not stop to inquire what had happened. Pin setters wanted, Recreation Parlor. 233-5r Flash light picture will be taken skaters Blooming Prairie Mon. night, Oct. Free picture all skaters. 236-1r For and Mrs. Hove and son Norman of were among the many guests who came to Albert Lea last evening to attend the big republirally. Talma Larson returned to her work at La Crosse, Wis., today after having come here to attend the funeral services her aunt, the late Mrs. Oppeof Third street. The funeral gaard was held yesterday afternoon. Fine They Talk About," Vitaphone feature shown last night at the New Broadway, one best yet and keeps inter est and amusement up throughout. It is worth seeing. There are also two other good Vitaphone acts and another Collegian picture, as well sport film. Here for and Mrs. Chamberlain of Annandale, Minn., and Mr. and Mrs. Mil ler of Winthrop, Minn., arrived yesterday, called here by the death of Seth Chamberlain on Fourth street. The funeral held afternoon at o'clock. Interment was made in Graceland cemetery. Rev. Bowes of the local Methodist church officlated. The above are staying at the Chamberlain home, 1013 Joseph street, and the Leslie Ash farm home, west of the city Leslie Ash brother of Mrs. Chamberlain. In New Sheet Metal Shop now have their shop nicely located in their own brick building just across the street from the old shop. They are in much better shape to give their customeven better work than before and better service. They have full basement with elevator to handle all heavy stock and furnaces, nice light office and showroom where customers can see plants and different kinds of sheet metal products.. They will be pleased to meet their old and new customers in their new shop at 121 Washington street. New Company Announcement has been made of the incorporation the Food Products Development company, new corporation that is being organized at Red Wing. will work in conjunction with the Red Wing Food Products company supplying the latter with raw material and sending the product through some of the processes. The new concern will be capitaliz ed at $50,000 and shares will be sold at value of $10. Under the new arrangements the company aims to supply the market with four standard vinegars, malt, white, amber, and cider. Storage facilities for the care of 60,000 gallons of apple juice are being provided by the company to take care of large anticipated shipments of apples. Steal Copper ing made in Goodhue county for two men who gained entrance the Lutheran church at Skyberg, burned insulation off copper wire in the church which wire they pected sell, and caused an esti mated damage of $150. Entrance gained by kicking out window. The men then proceeded to the furnace and used for burning the insulation from coil of wire The church, becoming filled with heavy clouds of smoke attracted the attention of many people in the community who believed the build ing was on fire. When they gathered around the building the men were trying to turn the wire out doors. The people supposed the pair belonged to telephone crew and permitted them to drive away. HEAR Scores 95.75 per cent perfect package of butter, Martin Baer, Alden, Minn., took first from field of 198 exhibitors the butter scoring contest held Waterloo dairy congress last Friday and Saturday, it nounced Monday. Eli Lamdahl, Davenport, placed second with score of 95.5, and Charles Pinch, Fayette, was third with All three scores were higher than the winner last year, which was rated 95. Judges were Professor Mor tenson, head of the dairy industries department, Iowa State college, Storvick, western representative Gude Brothers-Kieffer company, and Howard Rey nolds, of the James Rowland New York. The winning butter will be displayed at the dairy cattle congress grounds. Gold, silver and bronze medals were awarded the three winners. Carving sets were given by the Ford pany, Wyandotte, Mich., to Boland, Waucoma, with score 95, Charles Zierath, Charles City, score of 94.75, and Gus Knudson, Armstrong, Minn., who scored 94.50. Wisconsin exhibitors copped both places in the cheese contest. John Rabler, port, was with score of Tonight H. and Wiscow, Clintonville, second, with score of Only terloo Tribune. On Westrum was Friday on business Minneapolis in connection with the Westrum Insurance Agency. Marriage License-A marriage cense was issued yesterday to Herbert Larkin of Black Hawk county, Iowa, and Alice Shahorn, also of Black Hawk county. From Matt Schultes and son Gerald of Estherville, Iowa, arrived yesterday and will spend the weekend as the guests of her mother, Mrs. Anna Doyle Lake street and other relatives. Peterson the Interstate Power company, has been confined at his home on Second street since the first of the week, improved at this time. He able to be out yesterday, but not able to resume his work. yet To Football Francis Bergen, Dr. Leonard Bertelson and John Bergen motored to Minneapolis this morning to take in the football game, which is the of the university games. The two local dentists are graduates Creighton. Just the Danner, who is critically ill at his home on South Frank street, remains just about the same this afternoon. The first of the week it was believed that he showed signs of improvement. Later these signs left him and he relapsed back into the condition he has been in for several weeks. In suit of Mackey Thompson, Citizens National bank receiver, against Hopperstad Takle, is being taken up in district court at this time. K. Takle has come from the Cities for the case. some notes which were given at the time the Takle, Dock Hopperstad company in business. Stopped Every, general claim agent of the Northern Pacific railroad, and family, whose home is in St. Paul, made short trip to Le Roy to lay beautiful wreath of everlastings on the grave of his father, Isaac H. Every, who was veteran of the Civil war. En route they called the Hanson home 201 West street to see Mr. Every's mother, who is making her home with her daughter, Mrs. Hanson. At Father McVey, pastor of the Catholic church at New Richland has invited the American Legion Ladies' Drum Corps and the of W. Men's Drum Corps of this city, to attend the dedication of the new church there tomororw at Bishop Kelley of Winona will be charge of the dedication service. The two corps have accepted the invitation and will play before and after the service. After Extended Bessie Olson of North Washington street, returned Thursday evening from the west where she has been for the past five months. She visited first at various points in North Dakota, and then motored west with her sister and nephew and his bride on their honeymoon. They visited Yellowstone park and had very fine trip. During her absence Miss Olson subleased her apartment, and has taken It over again to remain permanently. Gets 30 Knudtson of Albert Lea sentenced to thirty days in the Worth county jail last Wednesday by Mayor E. M. Sabin, following charge of assault to which he pleaded guilty. Information was filed against Knudtson and two other Albert Lea young men by Mrs. Emma Bakken of Silver Lake township. The offense was committed some days ago when Knudtson, with two companions, drove into the Bakken farmyard and proceeded to cause considerdisturbance, according to Mrs. Bakken. They refused to leave the place upon orders from Mrs. Bakken and daughters to do so, and alleged they displayed shotguns with some menacing indications. Following the incident in formation was filed and warrants issued the arrest of the three men. Last Wednesday Albert Lea police located Knudtson and he was returned to Northwood the same day to face the charge. The other two have not been Knudtson serving his sentence Anchor. Bicycle Accident six o'clock last evening Richard Wamsley, oldest son of Mr. and Mrs. Van Wamsley of Fountan street was run over by an automobile, driven by Christianson of the American Gas Machine Co., as he was riding his bicycle. The accident took place at the corner of Vine and Fountan streets near the Jefferson Motor filling station. believed that Richard did not realize car coming or had not gauged his distance No seems to know exactly how all hapened at least. When the car stopped both Richard and his bicycle were clear under the car. Sullivan and Magnus Fossum, who live in the neighborhood rushRichard to the hospital, and Mr. Christianson also went to the hospital. thorough examination vealed no serious injuries. He BUSINESS LOCALS mained unconscious for about 15 cents per half hour and his bled, Minimum charge feared first that he seriously injured. Upon recoverRichard was unable to rememSt. 8heo. chicken dinner ber just what happened, but his articles Sat., Oct. memory will doubt clear Hall. fectly. Chicken dinner the Palace Sweets. Shopped Misses Georgia and Herma Anderson of Hartland were among the out of town guests shopped in Albert Lea yesterday. Former Resident-Mrs. Parker of Marshalltown, Ia., who formerly lived in Albert Lea making short visit here as the guest of Mr. Parker's nephew and with friends. Funeral funeral over the remains of Seth Chamberlain was held this afternoon at two o'clock at the family home on Fourth street. Rev. Bowes of the Methodist church presided. Interment was made in Graceland cemetery west of the city. From and Mrs. Fred Stoller the Harm Apartments and Mr. and Mrs. William Goyler of Dubuque, who have been their guests, returned last evening by motor from Canada, where they have been enjoying ten days' hunting trip. Can You Beat morning Spencer, local clerk of court, received letter which caused considerable amusement in their office. woman who is in British Columbia, in Canada is tracing her birth certificate to Spencer to get copy. She says that her parents were living in bert Lea at the time of her birth. She proceeded to give the name of her father, which is Preserved Fish Austin. She stated that he usualwent by the initials however. The letter is very legibly and intelligently written, too. We have heard of funny names, but this tops our list. Can beat you it? From of the North Side returned son terday from Westfield, Wis., where he has spent the past eight weeks. From and Mrs. Russell Nelson of Oakwood Park will leave this evening Erie, Penn., where they will attend big insurance company convention. From Joseph Henjum and little daughter, Shirley Jayne of Wells was Albert Lea afternoon visiting with yesterday relatives and friends and doing some shopping. Very Heath of the Rex apartments who has been so dangerously at the local hospital is reported to be very low toHe suffered bad night and day. this afternoon was no better. For Hazel Johnson of Lake Boulevard and her sisMrs. Fred Stoller of the Harm ter, will leave this evening Apartment where they will spend for Chicago week with friends, and attend some of the shows there. On Business-A. Carlsen of Water street returned last evening from several days visit the western part of the state. He attending to business matters the interests of the Albert Lea Finance Corporation. A Real big used car which is being staged jointly by several of the local car dealers started with big flourish this morning. Any one would think that new car sale from the of cars there. Already the display sales have been good, so is advisable to visit the place early. The sale is being staged next to the Nate Chier Garage on West Main street. To Leone Werden of the Braaten jewelry store and Miss Leonore Stolp of the American Gas Machine Co., left this afternoon by motor for the Twin Cities. Home William Lane, who has been visiting at Marshalltown with her daughter, Mrs. W. W. Demmon and family for the past few days, arrived home yesterday. She came home with Mr. and Mrs. Burt May, were in Marshalltown to attend the opening of the new Hotel Tall Corn. Road which suffered on account of the heavy rain last month are in better condition than week ago, according to the weekly condition report sued by the Minnesota Highway department today. These stretches confined to routes which have not been graded to modern standards, or roads which are under construction, and are mostly in the of the state. Road northern part conditions generally are good. New on H. No. pavement open from Sauk Centre Osakis, and on H. No. 50 from Hampton to Cannan Falls. Shouldering is not completed, however, and careful driving is Busy Family pound of rashers and bacon on toast till your father comes home? And why doesn't mother come here your herself? Child another Show London). Relies on AUTO STRIKES REFUSES MEDICAL AID City, (III.) paper.

18. December 4, 1930 The Albert Lea Tribune Albert Lea, MN
Article from The Albert Lea Tribune, December 4, 1930

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MRS. LENA SCHNEIDER RECOVER PART OF DEPOSITS CITIZENS BANK IN CLOSED Decides Case Heard on United States District Court Large Sums on Deposit to Oscar C. Olson Withdrew Cashier Use for Purpose of Removing Worthless Notes Held by Allow One Claim for Sanborn Would Not Receiver, Ordered to Bank Thompson, low Claim of The U. district court in has heard and decided the Paul case of Lena vs. Mackey Thompson as receiver of Citizens National Bank of Albert Lea. Judge John B. Sanborn has dered the receiver to allow the claim of Mrs. Schneider in the amount of $4,300. A long time after the Citizens National Bank of Albert closed, it was learned that Oscar Olson, the cashier of the bank, who was also the administrator of the estate of Fred Schneider, deceased, withdrew large sums from the deposit account of the Fred Schneider in the Citizens bank and used tate withdrawn for the the money so of removing worthless purpose notes which were held by the bank. These withdrawals from the Schneideposit account took der estate at various times and place to the cashier of the known only The cashier did not profit by bank. transaction and none of the the notes were his. Three of the notes were required by the national bank examiner to be out of certain date. The the bank by notes represented excess other two loans made by the bank. Lena Schneider, who was given property under the will personal deceased husband, Fred of her brought bill in equity Schneider, the amount withrecover drawn from the Fred Schneider account on the grounds tate deposit were trust funds and her that they Her bill of complaint sets property. claims, one for and forth two other for $4,300. This case, the interesting to the which is very people of Freeborn county, tried before Hon. John B. Sanborn, of the United States district judge court in St. Paul, on Tuesday, December The case was argued and decided on Wednesday. Judge Sanborn disallowed the claim of but ordered that the receiver of the bank the claim of $4,300 as pay general claim. W. Johnson was attorney for Lena Schnelder, the plaintiff, and was assisted in the trial of the case by attorney. Mr. of Breese & Cornwell of Breese Iowa, was the attorney Mason City, for Mackey Thompson, receiver. attorneys for the plaintiff The careful study of making very which was disallowed the claim that there will 13 probable be an appeal.