9862. 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: 35c8650c

Response Measures

None

Description

Officers of the State Bank of Royalton voluntarily suspended business in early August 1911 rather than levy a 30% assessment as ordered by the state superintendent; state examiners took possession and the bank was placed in receivership and never resumed normal operations. No contemporaneous article describes a depositor run. Receiver C. Rosenmeier conducted asset sales and paid dividends to creditors through 1913.

Events (4)

1. August 4, 1911 Suspension

Cause: Government Action
Cause Details: State superintendent of banks ordered a 30% assessment to restore impaired resources; officers closed the bank instead and examiners/state department took possession.
Newspaper Excerpt: 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 and W. J. Regan, an examiner in the bank, have taken possession.
Source: newspapers

2. August 5, 1911 Receivership

Newspaper Excerpt: 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... Examiner Regan has been placed in charge of the Royalton bank. ... Attorney Rosenmeier, who was appointed receiver for the State Bank, is at the county seat attending court (Feb 1912). (articles 1,3,7).
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... Dated at St. Cloud, Minnesota, this 28th day of March, 1912. By the Court: M.D. TAYLOR Judge (court order to sell bank real estate).
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 50 the creditors will have received cents on the dollar. (1913 dividend payment).
Source: newspapers

Newspaper Articles (14)

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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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. 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.

7. 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

8. March 8, 1912 Little Falls Herald Little Falls, MN

Article from Little Falls Herald, March 8, 1912

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DISTRICT COUR Grand Completes Jury Work-Number of Cases Disposed Of District court set Monday afternoon with Judge C. A. Nye presioing, foi the March term, and consicerable headway is being made in the disposi tion of the jury CREES. Jacob Poech and Miss Della Brid were appointed deputies to the clerk court during the present term, Jobs Kerich appointed assistant janitor) and John Lauerman, W. B. Ghay Aug Fugerman and Frank Wirwitzakh appointed deputy sheriffs. to Monday iternoon was devoted arranging of the c urt calendar and large number of cases were continued, a few dismissed. and two additional ones placed on the calendar the first a jury case, F. H. Wellcome vs. Minnie Czech and the Bank of Royalton and the other a court case, Little Falls operative Company vs. 1. O. O'Neil Cases dismissed or settled were Royalton Lumber company va A. C. Wilson : Ahraham K. Miller va Hannah M. Miller: Henry Roos and Marie L. Roos vs Aug. Roos and Elenore Roos: A. Hirschman & Co. vs. Jos. Freelich State va. Chas. Vanase: State VR. Phil Noran: State vs. Warren Farrow and Thomas Hughes The remaining bank cases were passed up Cases continued are Elizabeth Schu bert va. John Schubert Jos. Schub and Amelia Sebun V8 N. P. Rv. Co. Perry Foster vs N. P. Ry. Co. Victoria Jaskowvich vs Theo. Resival Stanislaus Kozek vs N. P Ry Co. Andro Kulesza vs N. P Ry. Co. (Seo. Hrboosky V8 John John Jenco: Albert Argall vs Alf. and Mary McGregor Win. C. Foster VS Geo. S. Lee et al:- J. c. Hendrickson V8 Morrison county Eliza E. Cole V8 N. P. Ry. Co. Lena M. Bruening vs Anton Bruening Christina Hapson Bole V8 Nels A Swanson Felix Rocheleau vs Morrison county: Carl Bolander va Morrison county Wm. C. Foster vs W. W. Howe, et al: A. D. Rubins vs James Shipman State vs F. A. Lindbersb State vs Velix Rocbeleau Royalton Co-opreative Cu., vs 1. W. and A. a Bouck: State va John Richter: State John Schaeffer. the application of Anton Bermel for naturalization papers was also continued Herman August Kurtsabn, Jacob Brutscher, Olof Sodin. John Tetiva, Wensel Poetach and William Kak were granted naturalization papers The cases of Peter W. Make YB Fresk and Lepos cases, calle up for trial Tuesday and altbough considerable ovidence was beard in the latter case both were continued The jury cases set for this week are John C. Toenyee va Louis Kuschel L u-opreative Co. va Ludwig Drellock same Frank Pedley : same V8 A. LaFond Nortbland Motor Co., O. Berg : Jos. H. Grell vs Frank and Caroline Grittner: Simon Kasella vs Maier Bro8. F. il Meliman vs Minnie Czeck and State Bank of Roy A alton Searstock Land Co. VS C. Carlson and C. Anderson Marianna Koziol vs Anthony Koziol J. K Martin V8 Fred Schwanke. et al Antonia Backowski vs John Velinski Elizabeth Kliber vs Theo. Kliber et al: First Natl. Bank of Minneappolis va B. Y. McNairy John F Egan vs John Wilczek: C. Rosenmeier receiver, State Bank of Royalton, vs Henry Roos, Jr. John Lepinski, vs Jacol Duscher School District No. 117 VB 33 The grand jury, on Tuesday re turned an indictment against Free Bachman of Swanville for desertion of wife and children on January 28 the last, and be pleaded not guilty to the charge Case was set for this term of court. On Wednesday morning the grand jury reported again to the court. Jos. Klein was excused that morning from further service on the grand jury The grand jury completed its deliberations yesterday afternoon about 3 'clock. after being ia session since Monday afternoon. Considerable business was transacted Recon. mendations were made for repairing different parts of the court house which included the installation of swinging door at the main entrance of the court room to do away with the necessity of a door tender. The case of Toenyee va Kuschel was tried Wednesday morning an action involving the ownership of about 100 bosbels of oats. Louis Kuschel has lessed some land from plaintiff's brother, he to do the seeding and hat vesting and to take half of the crop of wheat and oste-as his abare. Before the crop was ripe, however, John C Teenyes purchased the land from his brother, and in court testified that be had purcased Kunchel a: share of the oats for 85 and his abare of the wheat Defendant on the other band claims to have purchased plaintiff's share of the oats for 825. Both deala it claimed took place. at a certain meet ing at a Royalton saloon before about the same witnesses The jury brought in a verdict $29.75 for the plain tiff. The suits brought by the Little Falls Co-operaive company against Ludwig Drellock and E. A. iFond for the re. covery on notes for $105 and $100 respectively, which they had given for stock in the concern, were settled. Yesterday morning the jury returned a verdiet in favor of plaintiff for $125.88 in the case of Little Falls Co a operatve company V8 Frank Pedley similar case to the above. the face of the note being $100. Defendant claimed that the" company had prom 1000 him at the time be gave the note that the dividends on the stock would pay the note, but the court ruled that

9. 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

10. April 19, 1912 Little Falls Herald Little Falls, MN

Article from Little Falls Herald, April 19, 1912

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State of Minnesota, 88 County of Morrison. In District Court, Seventh Judicial District. State of Minnesote, 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, 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 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 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, Rangethirty, 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 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 village 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 forrison, acting for the said receiver, and all bide 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

11. 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

12. October 2, 1912 Willmar Tribune Willmar, MN

Article from Willmar Tribune, October 2, 1912

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LOCAL BREVITIES John Conway is reported ill at his home in this city. I. T. Cramer enjoyed a duck hunt near Raymond on Monday. Andrew Ringstrom left Friday for Jordan, Minn., for his health. P A. Brogren of New London was in town on business Tuesday. Mrs. G. Peterson visited at New London with her sister, Mrs. J. M. Monson over Sunday. Miss Inez Normile underwent a slight operation on her hand at the Willmar hospital Monday. Messrs. George and Harry Noland of Kerkhoven were Sunday guests at the home of George Jonicks. Miss Ruth Harrison, who is attending school here, spent Sunday with her parents, near Kandiyohi. Miss Faith Schnor of Minneapolis arrived Saturday to commence teaching at the Sunnyside school in Whitefield. Atty. C. Rosenmeier, formerly of East Lake Lillian, is the receiver for the State Bank of Royalton and Bank of Bowlus. Mrs. J. D. Young of International Falls came to Willmar last week, called here by the illness of her daughter, Mrs. J. L. Parmeter. The Oak Park M. E. Young People's society will give a social at the church next Friday evening, Oct. 4 at 8 o'clock. All are cordially welcome. Miss Amy Swenson returned to her home at Excelsior, Minn., last Monday morning, after a three weeks' visit with relatives and friends here. While at the W. C. T. U. convention held at Minneapolis last week, Mrs. Lewis Rodlun of this city was chosen delegate to the National convention held at Portland, Ore., this month. Mr. and Mrs. George Jones and son Walter of Atwater, Mr, and Mrs. V. Jones of Fahlun and Mr. and Mrs. John G. Peterson of Lake Elizabeth visited at the Sam Nelson home on Sunday. The Ladies' Guild of St. Lukes church will give supper at the Parish House Friday, Oct. 11, beginning at 5:30 p. m. Everybody cordially invited. The menu and price of supper will be given next week. Mr. and Mrs. C. A. Broman entertained at a 7 o'clock dinner at their home in Fahlun Monday evening. The guests were A. A. Anderson and family, Miss Dena Anderson and Ed. Benson and family. Invitations have been issued for the marriage of Miss Emma Kambestad of New London and Mr. Elmer Hauge, principal of the Kandiyohi schools, which will occur at the bride's home Saturday, Oct. 5th. Frank Covell, editor of the New London Times, was in town yesterday noon. He reports that his brother, L. E. Covell, will spend the winter in Chicago taking a course of study, and will probably re-engage in the newspaper business next spring. Miss Anne Elfstrum, who was taken seriously ill at St. Cloud Wednesday, Sept. 11, with acute appendicitis is reported to be improving nicely. She was operated upon at one of the hospitals there last Thursday. Her sister, Miss Nora Elfstrum, who has been with her since her illness, expects to accompany her sister home the latter part of this week. George Johnson and family left today for their new home at Crookston, Minn. Mr. and Mrs. Johnson and family will be greatly missed by their many friends in this city, who all wish them success and prosperity in their new location. Mr. Johnson will continue the same business as in this city, in company with his brother under the firm of Johnson Bros. Ice Cream Factory. A crew of men started work this morning on grading for and laying a sidewalk on the newly opened street between First and Jessie streets on Minnesota Ave. The right-of-way for this street was purchased last summer from Mrs. P. E. Carlon, being paid for partly by the city and partly by public subscription. The agreement was that the city was to pay for the laying of the walks. The young people of the Mission church left Saturday to be in attendance at the Willmar district convention held at Murdock Sundav.

13. 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.

14. September 5, 1913 Little Falls Herald Little Falls, MN

Article from Little Falls Herald, September 5, 1913

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PAY ÁNOTHER DIVIDEND CREDITORS OF STATE BANK OF ROYALTON WILL RECEIVE FIVE PER CENT MORE The creditors of the defunct State Bank of Royalton will soon receive their fifth dividend according to statements by C. Rosenmeier. With the payment of this dividend the creditors will have received 60 per cent, a much larger percentage than had been expected. It is also believed that another small dividend will be paid when the affairs of the defunct bank are finally closed. It is expected that the Bowlus bank will pay 85 per cent to its creditors, because of the fact that its securities were better than those of the Royalton institution. The receiver has already disbursed 721/2 per cent and it is announced that another dividend amounting to from 10 to 12½ per cent will be paid out when the affairs of the bank are finally adjusted sometime before the first of the year. The receiver announces that the atfairs of both banks will be closed up before Jan. 1. Legal proceedings now pending will delay matters to a certain extent but it is not anticipated that there will be a great deal of litigation.