Article Text
(Special to the Bonanza) CARSON CITY, Nev., Jan. 29. Judge, Langan decided the State Bank and Trust company case today in favor of the depositors and al lowed Receiver Wildes' fees allowed
12966. State Bank & Trust Company (Carson City, NV)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- trust
- Start Date
- January 1, 1908*
- Location
- Carson City, Nevada (39.164, -119.767)
Metadata
- Model
- gpt-5-mini
- Short Digest
737bad1b11c7bc0b
Response Measures
None
Description
The articles consistently describe the State Bank & Trust Company of Carson City as a defunct institution in long-term receivership (receiver Frank L. Wildes, later Gilbert Ross). There is no mention of an on-site depositor run in these snippets; instead the bank has been closed and in receivership for many years (reports in 1921 say the receivership has been pending ~13 years, implying failure around 1908). The suspension/closure appears government-mediated (receiver appointed) and the bank did not reopen. I corrected OCR spacing (e.g., State Bank & Trust company normalized to company name). Dates of original suspension not given explicitly; estimated from contextual line in 1921 saying the receivership had been pending almost thirteen years.
Events (6)
1.
January 1, 1908*
Suspension
- Cause
- Government Action
- Cause Details
- Bank failure followed by appointment of receiver; long-term receivership (reports in 1921 state the receivership had been pending almost thirteen years).
- Newspaper Excerpt
- who lost their savings through the failure of the State Bank and Trust company of that city.
- Source
- newspapers
2.
January 29, 1919
Receivership
- Newspaper Excerpt
- CARSON CITY, Nev., Jan. 29. Judge Langan decided the State Bank and Trust company case today in favor of the depositors and allowed Receiver Wildes' fees allowed
- Source
- newspapers
3.
January 3, 1920
Other
- Newspaper Excerpt
- In a decision filed in the Carson City district court by District Judge McFadden the attorneys for Frank M. Wildes as receiver of the State Bank and Trust company are allowed a fee of $28,500 for their services in connection with the affairs of the defunct institution.
- Source
- newspapers
4.
April 17, 1922
Other
- Newspaper Excerpt
- reports of Receiver Frank L. Wildes of the State Bank & Trust company covering the period beginning September 7, 1922, and ending January 1, 1922, and for the period from the first of the year until April 1, were heard and approved except as to items relating to compensation.
- Source
- newspapers
5.
May 25, 1922
Other
- Newspaper Excerpt
- Judge F. P. Langan ordered at a session of the district court that the receiver attempt to negotiate private sales for the assets of the receivership.
- Source
- newspapers
6.
April 11, 1924
Other
- Newspaper Excerpt
- Receiver Bilbert Ross began to figure on the available funds for the final dividend... there will be about $33,500 available for the next
- Source
- newspapers
Newspaper Articles (10)
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Article Text
Judge McFadden to Decide Noted Case Judge McFadden will be called to sit in judgment in one of the final appearances in court of one of the oldest cases and one that will be remembered for a life time by many citizens of Carson City, who lost their savings through the failure of the State Bank and Trust company of that city. The information was received by Judge McFadden in a letter received Friday from Governor Boyle stating that Attorney General Fowler and Attorneys Mack and Green, appearing for the receiver in the case of the State of Nevada vs. the State Bank & Trust company of Carson, have entered into a stipulation assented to by District Judge F. P. Lanyon in which it is agreed to have Governor Boyle call a district judge to hear and determine any and all matters touching and affecting the Axing and allowance of attorneys fees and compensation for the receiver in the action. The governor wrote that he had learned that Judge Taber of Elko had declared himself disqualified through reason of a former partnership and requested Judge McFadden to act, writing "I have therefore named and called you in the place of and stead of Judge Taber. I sincerely hope that you will not find yourself disqualified in any way and I am sure that you will do a distinctive service by disposing of this matter."
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Judge McFadden to Hear Bank Case Judge C. J. McFadden expects to leave this morning for Carson City, where he has been called by Governor Boyle to occupy the judge's bench in the receivership case of the State Bank and Trust company.
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FEE OF ATTORNEYS IN STATE BANK CASE $28,500 In a decision filed in the Carson City district court by District Judge McFadden the attorneys for Frank M. Wildes as receiver of the State Bank and Trust company are allowed a fee of $28,500 for their services in connection with the affairs of the defunct institution. The attorneys for the receiver are Mack and Green and A. A. Heer. The case was heard before District Judge McFadden under an agreement between the receiver's attorneys and Attorney General Fow. ler. Judge Langan, before whom the case originally was heard. had allowed a fee of $30,000 to the attorneys for the receiver.
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Judge's Removal Demanded. Carson City, Nev.-The removal of District Judge Frank P. Langan from office by the legislature of Nevada was recommended in a report filed in the senate by the joint committee that has investigated the district court proceedings in the State Bank & Trust company receivership's case, which has been pending almost thirteen years.
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Will Carson Papers Let Deceased Know For the edification of the deceased depositors of the defunct State Bank & Trust company, will the Carson papers kindly furnish enlightenment regarding the compensation that has been allowed the receiver, Frank L. Wildes, by Judge Frank P. Langan. Here is the item that appeared in one of the Carson papers. "In district court yesterday forenoon reports of Receiver Frank L. Wildes of the State Bank & Trust company covering the period beginning September 7, 1922, and ending January 1, 1922, and for the period from the first of the year until April 1, were heard and approved except as to items relating to compensation. Attorneys who participated in the proceedings were George Green for the receiver, Deputy Attorney General Robert Richards and Alfred Chartz, the latter appearing for certain depositors of the defunct bank."
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# SALE CONFIRMATION WILL # BE VIGOROUSLY OPPOSED The Carson News says that the recent sales of property belonging to the defunct State Banking and Trust Company, will probably be opposed by the state's attorney general and states: "The attitude of the attorney general's office toward confirmation of the sale of the State Banking & Trust Company assets made Monday by Receiver Frank L. Wildes under order from Judge Frank P. Langan was forecast yesterday by deputy Robert Richards, who stated: "Confirmation will be opposed primarily, on the ground that the whole proceeding was 'burlesque,' and secondly, on the theory that one of the essential elements of the notice of sale, 'place where,' was lacking. The general public could have no definit knowledge of the place of the sale through reading the published notice.' "Richards said that he will insist that the receiver's report of the sale, which he invariably called "the burlesque," be made part of the records of the court, after which confirmation will be opposed. "Judge Langan's order directing the sale provided that the receiver conduct the same and that it be held at the State Bank & Trust Company building in Carson City. The printed notice, however, gave no place other than the information that sealed bids could be received by the county clerk. "One of the gentlemen who attended the sale on that day confided to a representative of the News that he doubted very much if sales would be confirmed, at the same time calling attention to what he claimed was omission of an essential part of the notice. He declared had the notice been perfect, according to his views, bidding on some assets offered for sale would have been higher."
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GENOA CONFERENCE WILL ADJOURN QUITE SOON Screen Peggy Hopkins Joyce Films Barred From American SALE BANK PROPERTY SUBSTITUTE SOLDIER OH, BOY, LET GOOD NEWS PROVE TRUE IS SET FOR MAY 23 BONUS BILL IS FILED AMERICANS TO GREAT METEOR PROPOSALS OF IS INDIGNANT By Associated Press) (By Associated Press) What will probably be the last of CHICAGO, May 12 Retail cloth. WASHINGTON, May 12.-A substificial proceedings in the winding up ing prices have dropped 42 per cent tute soldiers' bonus bill under which BE STATIONED ROCKS CITIES of the affairs of the defunct State FRENCH LIKELY WHEN INFORMED since July 1920, and a further drop the veterans would receive 50 per Bank & Trust company, will be is expected. according to the nationcent in cash payments, was introheard at Carson City on May 23 al industrial conference board which duced today by Senator Dursum of by Judge Frank P. Langan. when ofAT TONGSHAN OF VIRGINIA has made a survey of the clothing New Mexico and referred to the senTO BE ADOPTED OF NEW ORDER ficial action will be taken regarding industry ate finance committee. the sale of the assets of that institution. Will Guard Foreigners in ViFound This Morning 12 Miles Appointment of International Haven't Committed a Crime" An order to show cause why final Northwest Blackstone in cinity Kaiping Coal Mines Committee of Experts to disposition should not be made of Shouts Actress of Many ORPHANS FROM in Event of Trouble. ARMY OFFICERS the assets has been issued out of Nottawa County. Consider Problems. Love Conqests. the district court of the first judiciai district. on relation of John ALLIED TRAIN UNABLE DEPART LANDS IN BIG WALNUT GROVE RUSSIANS WILL BE IGNORED Sparks, et al, and it is directed that BAGGAGE ORDERED DETAINED SOUTH AFRICA START FLIGHTS a personal service of the order be Congestion Caused by Chinese served upon the attorney general Depression in Earth Over Five Great Britain Proposes Truce Upon Arrival In New York All of this state, Alfred Chartz, E. F Forces Stalls Removal of Hundred Feet Square: Many for Eastern Europe of LAND AT L. A. Her Personal Belongings Bockless and E. T. Patrick, reprePHOTOGRAPHY Troops to Chingwangtao. Huge Trees Are Buried. Defacto Frontiers. senting the state of Nevada, and Are Inspected for Gems. various creditors. (By Associated Press) (By Associated Pressy By Associated Press) Special Dispensation Granted At this hearing any and all perWill Stop at Many Towns in PEKING, May 12.-One hundred Associated Press) NORFOLK, May 12 A meteor. GENOA May 12 Foreign MinisNEW YORK, May -Peggy Hopsons interested may appear and American soldiers have been disby Government: Have Trav= which flashed across the skies of Nevada During Their Trip ter Benes of zecho-Slovakia, speakshow cause, if any they have, why kins Joyce, returning today from Papatched to Tongshan, a few miles eled Since Christmas. ing in the name of the little entente. Virginia last night, rocked homes of Six Thousand Miles. the proposed sale should not be conon the Mauretania, bubbled over northeast of Tientsin in half a dozen cities by the shock expressed the opinion that the confirmed by the court. as submitted by with indignation when, on the trip A train flying allied flags left (By Associated Press) ference must be adjourned within of landing, was found today, 12 miles Frank L. Wildes, the receiver up the harbor from quarantine. she Tientsin for Chinwangto on coast LOS ANGELES, May 12 Three northwest of Blackstone, Nottawa May 12.-Lieufew days accepting the French
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RECEIVER WILDES TO TRY PRIVATE BANK SALE Upon stipulation of Deputy Attorney General Robert Richards and Attorney George Green, representing Receiver F. L. Wildes of the State Bank & Trust Company, Judge F. P. Langan ordered at a session of the district court that the receiver attempt to negotiate private sales for the assets of the receivership. Sales made at public auction several weeks ago were not confirmed by Judge Langan and he gave notice that he would issue an order for a public sale, until the attorneys agreed that better results could be accomplished by Receiver Wildes at private sales. The court, Receiver Wildes and the attorneys expressed a desire to end the receivership as soon as possible, but all stated their belief that the property of the defunct bank should not be sacrificed.-Carson City Appeal.
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BANK MAY PAY 4TH DIVIDEND A fourth dividend of a little less than four per cent came closer for depositors of the State Bank & Trust company Saturday when the time for claiming unpaid dividends of the first three dividends ended and Receiver Bilbert Ross began to figure on the available funds for the final dividend. There were no objections in the district court to the procedure proposed in using unpaid claims amounting to about $16,563 from the first three dividends in paying a fourth and with this sum there will be about $33,500 available for the next, says the Carson Appeal. From the third dividend of ten per cent there remained unclaimed $12,586, from the second of five per cent there was $2276 and from the first of five per cent there was $1701.