The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1897-09-03
J. B. & d. RICHARDS GET THE
GLASS BLOCK STOCK.
Nine Sealed Bids are Received by
Receiver Geo. Ii. Clark and Opened
Saturday - The Bidders are
From Mankato, Chicago and Reeds.
burg, Wis.-SuccessfuI Bidder Can
Occupy the Glass Block for a Year.
at $3.50 nonth RentaI-SaIe to be
Confirmed Sept. and.

and merchandise and store furniture
of Longini& Thoms occurred Saturday
forenoon. The limit for receiving
bids was nine O'Clock, and when the
clock hand got around to that hour,
Receiver Clark had in his possession
nine sealed envelopes, each contain
Ing bid on the stock. The bidders
or their representatives then walked
from the store to the court house and
gathered in Clerk of Court Thorne's
office. The latter was filled by about
a hundred spectators, the most of
whom were directly interested in the
proceedings, such as bidders and at
torneys.
At promptly ten o'clock, Receiver
Clark raped for order, and said:
"Bids stating. Il or we will bid
$50 much) above highest bid will not
be considered bids and will not be re-
ceived as such.
"Persons bidding will bid on the in
voice as taken. l guarantee nothing,
and bidders are to receive nothing be-
yond what is specified in the invoice.
"The use of the building will be re-
served for the successful bidder if he
wants it, and the rental will be $3.50
per month mot including the cash
railway and can be had for term Of
three months with privilege of a
longer time, not to exceed twelve
months in all. should wish, how
ever, to reserve desk room in such a
place in the building as will not dis
commode the renter.
"The stock books will be turned
over to the successful bidder, but the
inventory will be considered the prop
erty Of the receiver. The purchaser,
however, may have free access to it
for use OF for copying"
Clerk of Court Thorne opened the
bids, examined the certified check
that accompanied each one, and then
read the proposition. The bids were
as follows:
VIM. J. Morehart, Mankato. 1900
j. y, Fowler, Mankato.. Observation-Disclosures. 1880
g. W. Monks, nkato.................... $3.50
]. B. sd Richards, Gus 7. Monson, Ny
Qquist & lverson, Mankato. ............. $3.50
!: h. Myers, Chicago. NEUTRALITY-SUSPICIOUS.. 5000
Stern d Hance, Mankato. 1850
f. A, Holden, Chicago .................... 81 600
J: b. &: u. Richards, Mankato. ........... 35,100
Webb Schwekes, Reedsberg, Wis.,. 80, 3OS
The total inventory value is $751;
29O.11.
Receiver Clark, by the advice of
Judge Caldwell. decided to retain pos
session of all the certified checks until
the sale shall have been approved and
the matter finally disposed of. Judge
Caldwell will be in the city Sept. I'd,
at 200 p. M, to approve the sale.
J. B. Richards was seen by a FREE
PRESS reporter after the sale, and in
reply to questions said that his firm
intended to take the stock at the fig
ure named. He was not prepared to
make statement as to what would
be done with the stock, but he said
that the local merchants would
receive fair treatment. He did not
know how long the glass block build
ing would be occupied.
The sale is considered to be an I'M
usually good one, and all interested
are to be congratulated.