The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1915-05-14


. r. Huahes, Oscar Schmidt. J. =
= q. Nielsen, Louis Jsnda, A. J. =
. veipeI. Grant wairan A. L. =
= Wheeler and J. q. Richards. y
&. L. Oleson. president OF the Ma.
tlunal Bank Of Commerce. and long
recognized as one OF the ablest and
most distinguished bankers Of this
community, today closed deal, sell
ing out large portion OF his stock In
that institution to Samuel n. Wilson,
George w. ScbereT and W. G. Hocrr.
Tho deal involved many thousand
dollars.
Mr.. Oleson has retained portion
Of his stock and for time will re-
main the chief executive of that
hank. lie will hold this Office until
The directors meet to elect his sue
ccssOr. He will afterwards retain his
position as members of the direct
ing board. Mr.. Oleson desires to re-
tire from such close application to
the business Of the bank as the pres
idency requires. the work being very
combining. Mr.. blossoms successor has
not been decided on.
Long In Banking Business.
Mr.. Oleson began his banking ca
reer In 1882 at Rock Rapids. Iowa
Later he became identified with the
activities Of the First National bank
of Howard. s. d.. and he still retains
n large interest In that institution.
About that time he became interested
also in the Wells National bank at
Wells, Mimi, aud was elected pres
ident. He still holds that position.
In 1902 Mr.. Oleson transferred his
residence from Howard TO Mankato.
and II was at that time that he took
a leading part In the establishment of
The National Bank OF Commerce. and
vas elected its president
Mr.. Oleson also has investments
outside OF the banking business. His
interests are many and much of his
time must be spent in looking after
them.
The Three Purchasers
Samuel n. Wilson. one of the pur-
"hasers * one NJ the best known at
icrneys in Southern Minnesota. HI
has long been stakeholder OF the
hank and once was on the board of
directors. He Is stakeholder and a
director of the National Citizens bank
years been proprietor Of the Star
steam laundry. and was once county
superintendent Of schools. w. G..
Hoerr. the other of the three invest
ors. has long been identified with To-
cal banking business. In connection
With the National Citizens. Of which
lie has been both cashier and presi-
dent. He Is sim n stock holder. but
about eight years ago he retired from
active participation I'm the banks af-
fairs and since that time has been
giving most Of his attention to his
land business. His real estate inter-
osts are large. and his business con
neCtions have been extensive for many
vearR. Mr.. ffoerr was connected with
Tho National Citizens bank for thirty
years. entering that instsiintion as
rossnnrer bny. lie Is considered one
nf the wealthiest men I'm Southern
Minnesota.
Tho National Bank OF Commerce Is
one OF the strong financial institu-
lions In Mankato. It's board Of direct
nrs Is made I'D Of we'll known and
substantial business and professional
men.
rr~m Thursoss's Daiv.
Schroeder e. Murphy hardware
store. 12l South Front street. which
has been one OF the important and re-
liable business houses of the city for
the past seventeen years. will soon go
out of existence, and the managers
plan on disposing Of their immense
stock by the first OF next year. when
possession TO Charles Mitchell. former
ly a business man OF this city. who
has taken ten year lease on the
building from Leo. S. Lamm of Min
ncapolts. the owner, who will again
engage I'm business here
Messrs. Schroeder e. Murphy con
sidered for some time the ACCESSIBILITY
OF taking out another ten year lease
on the building. but decided not 10 tie
themselves down TO the business for
so long a time. and think of retiring
from active business life. Their store
has always been known as one OF the
most dependable In the city. and has
enjoyed large patronage, and their
retirement from business life. should
they decide to do SO. will be looked
upon with regret by their many
friends and patrons.
Mr.. Mitchell who will start into
business here the first OF next year.
was formerly well known here, and
started the Mankato Candy Kitchen,
selling out 10 Chris Zotalls about
three years ago. II is thought that he
may operate a restaurant on the low
er floor OF the building. and Il is pos
sible that bowling alley will be in
stalled on the second floor. but no
definite decision has been made as
yet.
From Thursdays Uai,v.
Little Anna Andring. four year old
daughter OF Mr.. and Mrs. Peter And
ring Of Oshawa township. died at noon
yesterday at her home. as the result
OF burns she received just two weeks
before. On that day about nine O'Clock
In the morning the child had gone up
stairs TO get a buttonhook. Her FIVE
brothers. all older than herself had
gvne 10 school. Her mother was
downstairs and her father and the
bired man we're outside. Fl
The child found match and struck
u. In moment her dress caught fire.
Her mother heard her screams. and
rushed upstairs. where she fcf,nd the
child lying ON the bed face down
-xarsIS md har ciafh,uy ,,,, fra r..