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RUMONS. - That the First National Bank, at Austin. has suspended payments; and that Len Wines has purchased an interest in Hill Beachey's stage line from this city to White Pine.
14513. First National Bank (Austin, NV)
Bank Information
- Episode Type
- Run → Suspension → Closure
- Bank Type
- national
- Bank ID
- 1331
- Charter Number
- 1331
- Start Date
- October 7, 1869
- Location
- Austin, Nevada (39.493, -117.070)
Metadata
- Model
- gpt-5-mini
- Short Digest
628b18c5
Response Measures
Accommodated withdrawals, Full suspension
Other: Receiver (E. S. Davis) appointed; sheriff took possession after attachments were served.
Receivership Details
- Depositor recovery rate
- 92.7%
- Date receivership started
- 1869-10-14
- Date receivership terminated
- 1884-05-16
- OCC cause of failure
- Losses
- Share of assets assessed as good
- 18.1%
- Share of assets assessed as doubtful
- 69.2%
- Share of assets assessed as worthless
- 12.7%
Description
Newspapers report a panic/run around Oct 7, 1869 triggered by a damaging dispatch/rumor about the bank's failure (agency at Hamilton/White Pine implicated). Sheriff took possession and the bank suspended; a receiver (E. S. Davis) was later appointed (by January 1870) and claim notices were issued, indicating permanent closure and receivership.
Events (5)
1.
June 23, 1865
Chartered
- Source
- historical_nic
2.
October 7, 1869
Run
- Cause
- Rumor Or Misinformation
- Cause Details
- A dispatch from Hamilton claiming 'Take no checks ... It has failed' sparked widespread rumors and a rush of depositors presenting certificates and demanding payment.
- Measures
- Assistant cashier paid out $8,000–$10,000 that evening; bank was closed for the night; reassurances by prominent depositors (Col. Buel) attempted to calm the crowd.
- Newspaper Excerpt
- The cause of this panic was a prevalence of rumors concerning the condition of the bank. Twenty minutes before ... a despatch from Hamilton ... Take no checks on the First National Bank. It has failed.
- Source
- newspapers
3.
October 7, 1869
Suspension
- Cause
- Government Action
- Cause Details
- Court attachments were issued and the sheriff took possession of the bank's effects, preventing business and effecting suspension.
- Newspaper Excerpt
- The door was opened by Deputy Sheriff Taber, who informed the crowd that the bank could transact no business then, as he had taken possession of all its effects by the mandate of the court.
- Source
- newspapers
4.
October 14, 1869
Receivership
- Source
- historical_nic
5.
January 18, 1870
Receivership
- Newspaper Excerpt
- In the District Court, to-day. E. S. Davis, Receiver of the First National Bank, by his attorney made application to compromise bad debts and sell personal property.
- Source
- newspapers
Newspaper Articles (13)
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It was taken from the work $2 per City pound. claim. kind Dr. of Frank bromide Thayer of silver has Mountain finest rich one of the Numerous other specimens. of the and specimens. rare, are to be seen in all sections town, from the Cope mines. NEW DANCE HOUSE. stranger on arriving town during the night time, would suppose going in the amount of music and dancing from that we were decided votaries of Terpsich- rather on and crazy ones at that. who were evidentore. pleasure. But it is not, comer overdoing a for an enterprising new laid for ly. overdone, Corinne is having the flooring erected, from house larger than any vet Dance House. a which dance will be known as the U. P. TRAVEL SOME Dest.- person just arrived SOME from Cope district, states the be number enoren route to that place to with of wagons and that they are mainly merchandise. loaded mous, machinery, lumber and the movemilling of flour dust raised by and The clouds the wagons are perfectly stifling. road for ment can be of seen at certain points on the miles in either direction. FINE SPECIMEN Fred. Hafford received the Thursday last a piece of ore. from Mountain on City mine, in Cope district, full weigh- of pounds. which is literally office and ing fifty-two chloride of silver. It is at his silver the is for such a mass of pure to be worth rarely seeing ever found. This ought district is all right. enough ore is to convince croakers that Cope THE NEW SCHOOLHOUSE Mr. L. H. Nolte. work expects to have the brick schoolhouse ready for of the the contractor. completed, roofing the by best toIt will be, when schoolnight. and most comfortable school will constructed State. The district of house in in the all probability. about the first open. November, with at least 160 scholars. LONG FREIGHT TRAIN.-The freight train from of Central Pacific Railroad yesterday, the west consisted of thirty-five cars, fourteen Lumber the which were loaded with lumber. of been arriving in about the same propor- we unhas day for the past week, and yet unfilled. tion derstand every there are large orders for lumber THE LATEST PICTORIALS. The latest newspictorials, periodicals, etc., and Smith a new & stock papers, of stationery. can be found at drug store, opposite the Cosmopoli- idea that Douglas' Hotel. They have an insane else, and tan sell cheaper than anybody their they can motto is "cheap. cheaper. cheapest! HEAVY ON TOWN JUBORS. A law passed at last session of the Legislature, allows be compensation the of three dollars per diem, to by the county. to only such petit and miles paid as live a distance of five twenty grand from the jurors Courthouse and a mileage of cents each way to all jurors. .. A MILL FOR COPE. Atchison & Co.'s qquartz mill was shipped from this town, on Weunder- Wednesday, for the Cope mining district. and that it took over thirty wagons from six back-actions. stand each drawn by a team of to eight animals, to do this transportation SCHPENDED.-Work in the construction of the Courthouse has been suspended for the two or three days, owing to the from non-ar- San past of the iron doors and gratings of it. rival required for the jail portion by Francisco It is expected that work will be resumed the masons on Monday next. DECLARED A COUNTY ROAD.-Based upon a petition from the residents of Ruby valley, the Board of Commissioners has declared Humthe traveled road from Camp Ruby to a old boldt Wells, via Ruby and Clover valleys, county road. NEW STAGE LINE TO COPE Enright, the enterprising expressman, has this week put on to first-class line of stages from this place district Mountain a City, in the Cope mining in one day. Passengers can now make the trip BCILDINGS.-There are probably not less fifty frame, brick and stone building for in than of erection in this town to-day. saloons course as dwellings, stores and before occupation tents are rapidly disappearing The the army of carpenters and masons employed. IN CHOKEE. James Riordan, for putting a head on Mrs. McGarraghan of police notoriwas on Wednesday fined $28, and, in deety. fault of the payment of which. was sent up to the Hotel de Chokee" for 14 days. PERSONAL Charley Rhoades, the celebrated banjoist. of negro minstrel motoriety, has arrived in town. He is to pick the strings be at Pierson's Washoe Saloon. and swears that won't play nigger any more. RUMONS. That the First National Bank, at Austin. has suspended payments; and that Wines has purchased an interest in White Hill Pine. Beachey's Len stage line from this city to DR. I. WHITE desires it to be understood that office is in the first building below hereto the Gem his Saloon. and not in the second as fore advertised MARR.- Rev. Father Mevall will hold
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Washington Items: WASHINGTON, D. C., October 12. THE HORNET, One of the crew of the Hornet has made an affidavit, which is now in possession of our authorities, setting forth that he received a certain sum of money; that he went on board the Hornet at the time when she was lying off Gay head, after sailing from Halifax; that the ves. ael subsequently anchored near New Bedford, where she received from small vessels and tugs part of her guns, coal and ammunition; later, off Long Island, the 'Martha Washington' and other tugs brought the rest of her coal, guns and men. The affidavit states that all these supplies were received on board when but a short distance from shore. Afterwards the Captain stated to the crew that the vessel was a Cuban privateer, the Cuban flag was holsted, and the men paid about thirty dollars each in coin. There is other evidence to the same effect that the Hornet was armed within the jurisdiction of the Unted States. Information of importance has been received in regard to the purchase of the vessel and the movement of those connected with the affair both at Philadelphia and Hallfax. PETROLEUM AS FUEL. Apparatus for generating steam in stationary engines, or those on steamboats or locomotives, by the use of crude petroleum for fuel, has been in operation here for a month, and is at last pronounced a complete success by engineers and machinists. The petroleum is evaporated and burned in the furnace in the form of gas. Perfect safety from accidental fire is claimed. The inventor maintains that with this apparatus he can gel up as much steam power with two gallons of petroleum as is usually gotten from a ton of good coal; that is, he can run a locomotive or steamship as far and fast with one barrel of oil as with fifteen tons of coal, and with much more convenience and safety. The application of the invention to driving the machinery of a foundry here is to be made to-morrow, for the benefit of the officers of the Navy Department, who are to report officially upon it. BANK FAILURE. It has been ascertained that the First National Bank of Austin, Nevada, has failed. One of its notes was protested this afternoon at its redeeming agency, the Third National Bank of New York. This is the first and only failure of a national bank since the last annual report of the Comptroller of the Currency. INDIAN AFFAIRS. Commissioner Parker has written a letter to the President, asking that the commission of ten may send those sub. committees which were to visit the Central and Northern Superintenden. cies, may be sent on the contemplated e tour of inspection. He expresses the opinion that an earlier visit would have been conducive of good. ACCIDENT AT ALTOONA. The fast train east leaving Pittsburgh at 7:30 last night, ran out on a side track half a mile east of Altoona, on account of the displacement of a switch. 0 The train had gained pretty full head0 way, and immediately upon entering the side track struck a train loaded with pig iron. The locomotive was completely smashed, and the forward baggage car badly broken. The shock was great to the train, but no lives were lost.
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about 3,000 majurity. The House will be Democratic and the Senate Republican. New York, October 12-The World's Philadelphia special saye that the Democratic committee claim the State by 6.000 majority. Columbus, Ohio, October 13. -The election is doube ful, The House is probably Democratic and the Senate Republican. Hayes' majority will not bu large. The Democrats claim that Pendleton is elected and are very jubilaut, firing cannon and having torchlight processions. Philadelphia, October 12-Formey's press says that the Republican majority in the State is not less than 8,000 and may reach 10.00). The Repablicing have both brauches of the Legislature; in the Senite three majority, and a still larger majority In the Hous: than last year. Williams, for Judge, has probably run ahead of Geary 2,500. Pittsburgh, October 13 -Alleghany county gives Guary four or five thousand. There was only about a two-thirds vote out. The Democrats gain in western Pennsylvania, and lose in the eartern part of the State. Chicago, October 13.-No further or more definite news can as yet be ohtained concerning the Ohio election. The State is claimed by both parties and the Legislature is still doubtful. Philadelphia, October 13.-The City Council will have a Repablic ⑉ majority of 30 on joint ballot. There is no date to indicate the majority in the State, but all the papers but one conceile Genry's election by from five to ten thousand majority. A Wa-hington special says that the First National Bank of Austin, Nevada, has failed and so receiver will appointed re-tuday. This is the first National Bank tailure eiuce the last annual report of the Comptroll.r of the Currency. 192 Lodges were represented in the Masonic Grand Lodge of California on last Wednesday. The Oregon State Fair opened on Wednesday-the best show ever had in the State. Several Democratic members of the Washington Territory Legi-lature have h.ft for parts unknown. breaking the quorum and thus preventing the etc. tion of Territorial officers hy the Republican majority. The mergeant-at-arme-has sent after the seceders. The branch mint. at Carson, is now ready to commence coining half dollars.
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DANI e Additional Particulars-Suepension of the First National Bank at Austin-Iutense Excitement. [From the Reese River (Nev.) Reveille, Oct. 7.] At about seven o'clock last evening Main street in front of the National Bank was the scene of an extraordinary excitement. Men gathered there rapidly from all directions, and soon there was a dense and excited crowd in the street. The excitement spread 10 Lander Hill and reached the lowest depths of the mines, and miners, with great drops of sweat upon their blanched faces, left their stopes and drins and came to the surface and walked or ran hurriedly to the bank. The excitement of these men was intense, for rumor led them to fear that their hard-earned deposits were in danger. The bank was opened, the men rushed in, and scores of trembling hands presented certificates of deposit at the counter. The sum of $8,000 or $10,000 was paid out by the assistant cashier; a few words of aseurance were spoken to the throng by a friend, who is a heavy depositor, and the bank was closed again for the night. The cause of this panic was a prevalence of rumors concerning the condition of the bank. Twenty minutes before the occurrence of the scene we have described a despatch from Hamiiton was received by a firm in this city in these words:-"Take no checks on the First National Bank. It has failed." Instantly this starting news appeared to blend with the atmosphere, for every man and woman knew it, and repeated it one to another. Lawyers' offices were besieged to prepare attachments, and the Sheriff's deputies rushed to and fro with unwonted alacrity. These officers were kept busy long after midnight, and attachments for upwards of $60,000 were served on the cashier of the bank. The bank and us effects passed quietly into the custody of the Sheriff. In the meantime a run on the bank in the morning by the small depositors seemed to be organized. A8 early as eight o'clock this morning knots of men stood talking on Main street. They appeared to be unconscious that the Sheriff was in possession 01 the bank. and expected that its doors would be opened as usual, and all demands paid. At nine o'clock, the hour of opening. a large crowd of men was collected at the doors of the bank. They grew impatient and at last demanded admittance for the purpose of receiving the amount of their deposits. The door was opened by Deputy Sheriff Taber, who informed the crowd that the bank could transact no business then, as he had taken possession of all its effects by the mandate of the court. In spite of this expianation. many persisted in demanding their money, alleging that they had earned it by nard and dangeroue work, were poor and must have it. Although these depositors were excited they manifested no disposition to attempt violence. Colonel Buel, who had just arrived from San Francisco, addressed a fewawords to the men, advising them to be patient and expressing his entire confidence in the ability of the First National Bank to pay every dollar que to its depositors. This declaration seemed to reassure the crowd in some degree, for it soon Broke into small knots of men, who stood in the street and at the corners talking of the alfairs of the bank until noon. We have heard that this nitch in the business of the First National Bank was produced by the conduet of the agency at Hamilton, White Pine. The drafts of this agency had dramed the agency in San Francisco, and both of these concerns have been closed. We have learned no particulars of the nature of the trouble in the agency at White Pine. The affairs of the parent bank in this city are pronounced by well-informed parties to be in a sound condition; but now it may be affected by the transactions of its agencies remains to be seen. The capital or the bank is $250,000, and it has a reserve fund, arising from profits in cases of its quarterly dividends, of $68,000. Its deposits are general and amount to $120,000. The account of the bank in certificate de. posits, which is included in the above sum, does not exceed $40,000. or this sum perhaps not more than $13,000 or $18,000 would be demanded by the holders of certificates of deposits If the bank were free to transact business. There are several heavy depositors in the bank among the business men of this city, none of whom has sought to draw his funds. They express the fullest confidence in the stability of the bank. and of its ability to speedily adjust the affairs of its agencies. Nearly all the attachments were sued out by parties living outside of Austin, and grew out of their relation with the agency at Hamilton.
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minute and four seconds, which IS the best time he has yet made. The steamer Euterpe left New York on the 9th for Havana, with her original cargo of munitions of war. Eastport, Me., was visited by a severe hurricane on the 4thinst., which destroyed large portion of the town. Several yesa sels were lost with all on board. It than was thought the loss could not be less $500,000. A freshet on the Swift river, in Oxford county, caused a rise of thirty-six farms, feet in twelve hours, which flooded and swept away houses, barns, &c., rendered the farmers impoverished and houseless. The people barely escaped and fled to the mountains. The building used for storing nitro-gly cerine at the Hoosac Tunnel was blown up on the 9th, and three men were killed. RevThe first anniversary of the Cuban the olution was celebrated in Baltimore on 11th, by a procession, and an oration at the Masonic Temple. Over a million gallons of whisky officers have seized at San Francisco, the as claiming been that it was not pure Bourbon thererepresented, but is fraudulent, and fore is liable to seizure. There was almost a total suspension of business at Washington.on the 11th, Pierce. in respect t the memory of ex-President and All of the Departments were closed, the municipal offices and banks transacted Flags nothing of a public character. suspended at half-mast, and minute were fired during guns were The the day. first anniversary of the Cuban revwas observed in New York city on A civic celebration the evening, in Cooper olution in the 11th. Institute, took which place by the friends and Susquehanna Railroad was The crowded Erie of Erie Cuba. fight has ended amicably; the terms leasing acthe Susquehanna for 99 years on ceptable to the stockholders. A New York telegram of the 12th states be criminal proceedings would soon instituted that against the Wall street gold manipulators for organizing a conspiracy to damage the public. At the meeting in New York, on Rail- the of the stockholders of the Erie 12th, road Company, the Gould-Fisk ticket Gould was unanimously elected Directors. Jay and was subsequently chosen President, James Fisk, Jr., Comptroller. James Cunningham, colored, has of Man- been appointed Postmaster of the city chester, Virginia. The Red Stockings, of Cincinnati, the defeated the Omaha Base Ball Club on 11th-65 1. Southern Commercial Convention The Louisville completed its organization was the at 13th. Ex-President Fillmore chosen permanent President. Another fearful storm was experienced the East on the 12th and 13th. at The lock-up in the village of Charlotte, two Y., was burned on the 13th, and McN. Alexander Fisher and Michael to the sailors, Lane, of Eiyria, Ohio, belonging who schooner Cascade, of Green were burned Bay, were prisoners in the lock-up, to death. In the destruction by fire of a dwelling Albion, N. Y., on the 13th, a young burnat woman named Jenny Reynolds was fire was ed to death. It is supposed the caused by the careless use of kerosene. In the Commercial demonstration is es- at Louisville on the 14th the procession timated to have been seven miles in in length, was three hours and a quarter hundreds passand ing given point. There were varivehicles a in line representing the interof manufacturing and mercantile of the ests ous of the cities around the Falls Ohio. The Navy and War Departments have sysin the adoption of a uniform united tem of signals, to be used in their branches of service. recent case in the United States has In a Court of Baltimore, which it District appealed to the Supreme Court, banks of been shown that three National as was Baltimore have been lending as high eighty per cent. of their capital for speculative purposes. A dispatch from Springfield, ascertained Ill., on the says it had been definitely of the 16th the corn crop in that section years, State that has not been better for many if ever. The First National Bank of Austin, Nevada, has failed. The monthly report from the Bureau shows of for the month of July, $35, Statistics, value of exports to have been same the and the imports for the of 432,835, $37,604,886. The total tonnage during month engaged in foreign trade tons vessels the month was, entered, 1,020,704 cleared, 1,028,094 tons. OcCustoms receipts from October 1 to tober 9, inclusive, were $4,679,706. The argument in the Yerger case in com- the Court at Washington was General Supreme the 15th by Attorney Carmenced Hoar, and on answered by Mr. J. M. lisle. The Governor of New York State has of fixed the 18th of November as a day thanksgiving and prayer. PERSONAL. Jefferson Davis arrived in Baltimore on the 9th, from Europe. The flags on the City Hall and public halfin New York city were the memmasted buildings on the 9th, in respect to ory of ex-President Pierce.
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Items of Interest. A dispatch from New York says there were lively times in the Gold Room last Saturday Mr. Jordan, of the Gold Exchange Bank, made a speech, saying that the bank had lost $250,000 in order to go on. and that if the Board had not advanced $4,000,000 to the street during the panic, all the brokers would have been ruined. 'He said the bank was solvent. At a subsequent meeting of the crediitors of the bank, the feeling was unanimous in favor of giving Jordan A fair chance, and it was agreed to take no legal steps against the bank for ten days. THE following notice was found posted on a huge-sized trunk at a railroad depot a few days ago: "Baggage smashers are requested to handle this trunk with care, as it contains nitro-glycerine, Greek fire, gun cotton, and two live gorrillas." AN exchange inquires: "How can we increase our producing and consuming population?" Another exchange answers the query as follows: "By persuading the unnarried to get married. settle down and do their duty. E. A. DAVIS, United States Surveyor General for Nevada, will take charge. as assignee, of the effects of the First National Bank at Austin THE Worrell sisters are astonishing the world at St. Louis, THE merchants' clerks in Paris are on a general strike. Two more Cuban privateers left New York last week.
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FROM AUSTIN. AUSTIN, Nev., October 23.-It appeared by the evidence of Assistant Cashier Fox, on his late examination, that only $15,000 were in the vault of the First National Bank when the run took place, and that there had not been more than $15,000 or $18,000 on hand at any one time for the last two months. John Hensley was severely, but not dangerously, injured by a blast at Mineral Hill, a few days ago.
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THE NEVADA BANK PANIC Additional Paritculars-Stspension 01 the First National Bank at AdsUD-ILIOLSE Excitement. From the Reese Ricer (Net.) Becrille, Oct. 7. T o'clock last evening Main street in front of the National Bank, was the scene of an extraordicary excitement. Men gathered there rapioly from all directions, and soon there was dense and esctted crowd in the street. delcitement *pread to Lander Hill and reacted the lowest depths of the miler, and miners, with grea" drops of aw upon their planched races, stopes and drinks and came to the surface and walted or rau burneuly to the bank. The excitement of these men was intense, for ramor led them to fear that their bard earned deposit were in danper. The babk was opened, the men rus ed 1D, and scores of trembling hands presented certificales of deposit as the counter. The sum or $5,000 or $10,000 was paid out by the Assistant Casaler: a few words of assurance were spoten to the throng by a friend, who is a heavy depositor, and the bank was c osed awain for the night The cause or this panic was a prevalence of run ors COLCELLING the condition of the bank. Twelty nipties before the occurrence of the sceze we have discribed, a despaten from Hamiltoo >as received by a Dra in this city 10 these words: "Tate Lu check+ on the First National Bank. It has talled. Instantly this starthing Dews appeared to blend with tue afinorphere. for every man and WOCKD snew 11, ADD repeated It one to autother. Lawrers' offices were besteged to prepare attachments, and the Sheriff's deportes rushed to and Iro with comon'ed alacrity. Taewa officers were kept busy long after and attachments for upwards of $60,009 were versed on the Cashier of the bank. The bank and 129 effects passed quietly 1010 the custody of the Sherm In the a run on the DADE in the morning DT the small depositors seemed to be organized At early as So'clock this knote of men blood taking on Math street They appeared to lie that the Sperifi was in posses-ion 01 the babb, underpected that 11%-doors would be opened as usual, and all demands paid. AS 3 o'clock, the hour of opening, large crowil of men ASS collected at the door of the pank. Ther grew o impatient, at last den anded suimittance for the purpose of receiving the amount of their deposits. The door was opened by Deputy Sherid Tater, who informed the crowd that the bank could le transac no business then, as be had taken pos8 session of all ILE effects by the mandate or the 11 Court. In spite of this explanation, many perstated to demanding their money, alleging that they bad earned It by hard and dargerous work, or were poor, and must have It Although these depositors were excired they manifested no disposition to attempt violence. Colonel Buel, who had just arrived from San Pracisco, addressed a few words to the men. advising them 10 be patient, and expression his entire conndence ID the ability of the First National Bank to pay every dollar que to its depositors. This declaration seemed to reasore the crowd in some degree, for It ROOD broke into small by knots of men, who stood in the Birees and at the st. orders, talking of the affairs of the bank until LOON, les We have heard that this hich in the business be of the First National Bank was prodaced by the codd et of the agency at flamilton, Write Proe. he The draits of this agency had drained the agency ID San Francisco, and both 01 these concerns have been closed. We have learned no partienlars of the cause of the trouble in the acency at White Pine. The affairs of the parent back in this city are pronounced by we'l-injoined parties to be in a sound :cobdition: but how It may be affected by ca the transactions of Its agencies remaine to be to seen. The capital of the bank la $250,000, and it bas a reserve fund. arising from profit in cases of " quariety disidends of It. deposits in are general, and amount 3 $120,600 The account nd of the back, In cerpicate deposits, which is 10pie cluded in the above aud. does not exceed $40,000. An or this sum perhaps not more than $15,000 or ug $15,000 would Le decanded by the holders of cerplicates of deposit If the bank were free to ya, transact business Dg em There are several heavy depositors in the bank Ms an ODR the LO-11 est men of this city, DODEOI whom its hate cought to draw their funds. They express the tuliest confidence in the statility of the back, and in its ability to speedity adjust the adairs of us magendes Nearly all the attachments were aued 22out by parties living outside of Austin, and grew as out of their relation with the agency at Ilamiton. in In
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FROM AUSTIN. AUSTIN, Janury 18.-In the District Court, to-day. E. S. Davis, Receiver of the First National Bank, by his attorney made application to compromise bad debts and sell personal property. Wells, Fargo & Co. received from Belmont, last night, eight bars of bullion, valued at about $4,000, for shipment to San Francisco. The weather is cloudy and mild ; has been snowing all day.
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PRESENT YOUR CLAIMS.-A telegram from Austin, of the 15th, says: "All persons holding claims against the First National Bank at Austin, or its agency at San Francisco, are requested by E. S. Davis, Receiver, to present the same to him, at this place, without delay."
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BANK NOTICE.-In Nevada a notice has been published requesting all persons holding claims against the First National Bank at Aus. tin, or its Agency at San Francisco, to present the same to E. S. Davis, Receiver, without de lay, and those holding claims against the White Pine Agencies of the same institution to present them to W. S. McCormick, Deputy Re. ceiver at Hamilton.
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through which the cold water of its hundred springe escape to Snake river. The basin or valley is sixty miles from the railroad and is about ten miles in diameter, carpeted with clover and green grass, and swarms with antelope. The mountains around it are covered with tall pines, and all who visited the gem pronounced it the most beautiful spot of earth they have ever gazed upon. 'MARBLE HALLS,," Or what are supposed to be the ruins of such, discovered by Uncle Billy Rogers in 1849, are now being searched for in the Goose Creek mountains, by that indefatigable old mountaineer, who is now in his seventy-seventh year, and travels alone with a single horse and a sack of bread. Uncle Billy was met in the mountains, and stated that 1849, as he was erossing the Plains, he chanced to stray away from his party, and in crossing a mountain came upon what appeared to be the ruins of walls built of smooth blocks of marble; and, that thinking his eyes deceived him, he turned several of the blocks over and found similar ones beneath. This is his seventh trip in search of the "marble halls" of his dreams, but he is sanguine of success this time, and sent in word to a friend, here, that he would bring him a tombstone this time sure. "UNDER WHICH KING. " There is considerable squirming among the settlers about the meeting of the State of Nevada and the Territories of Idaho and Utah; Mormon and Gentile alike wishing to claim their residence in Utah, on account of taxes. The taxes of Nevada and Idaho are three per cent. while that of Mormon levying is but one per cent. This speaks well for the economy of the Mormon rule, but may to some extent be accounted for on the score of population. GRASSHOPPERS AND CRICKETS Have completely destroyed vegetation in Malad valley, which is chiefly settled by Mormons, and nearly the whole country northeast for two hundred and fifty miles is overrun with these pests. NO METAL, Precious or base WAS met with on the route, save at Black Pine. The country rock is chiefly quartzite, with here and there mountains of trap, and occasionally large veins of pure silica, white and barren as marble. THOUSAND SPRING VALLEY Was credited with a rich strike, said to have been made in the mountains on the north side, but our informant could learn nothing of it in the valley, and after two days' prospecting in the vicinity, came to the conclusion that it was useless to look further. A. J. Hatch, Government surveyor, and party, were running lines near the head of the valley. "A SOLITARY HORSEMAN' Was met in Thousand-Spring Valley. who was wending his way to Montana, having a small sack filled with crackers, a piece of bacon. a paper of coffee and a tin cup. He proved to be old man Sanders, who traveled overland to California in 1845. since which time he has made and lost a number of fortunes. Sanders came over to Nevada about a year ago with a large band of horses, which he sold at good figures, in the First National at dollar of it deposited Bank Austin, the money and lost every by the failure of that institution. He made another raise last Summer and Fall, bought a number of cattle at a bargain. drove them into one of the eastern valleys, where they were all poisoned and died from eating wild parsnips. On being asked by an acquaintance in the party why he had undertaken such a lonely and hazardous ride, be simply replied: I'm broke!"