14527. State Bank and Trust company (Carson, NV)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 10, 1913
Location
Carson, Nevada

Metadata

Model
gpt-5-mini
Short Digest
c33ffe38

Response Measures

None

Description

Articles (Mar 1913) describe the institution as a defunct bank in receivership (receiver Frank L. Wildes) and the legislature recommending further investigation and possible prosecution. No run or depositor agitation is reported. The sequence indicates the bank was closed and in receivership (court-appointed), so classify as suspension leading to closure. Dates taken from newspaper publication dates.

Events (3)
1. March 10, 1913 Receivership
Newspaper Excerpt
Compensation ... for his services as receiver of the State Bank and Trust company ... the handling of the affairs of the bank was wholly a matter of salvage and states that under the management of Wildes the assets ... have been brought up to $400,000 and a dividend of 20 per cent on all deposits has been paid.
Source
newspapers
2. March 10, 1913 Suspension
Cause
Government Action
Cause Details
Bank placed in receivership by court (Judge Langan) and ceased operations; described as defunct and under receiver control.
Newspaper Excerpt
the receiver of the State Bank and Trust company ... the defunct institution
Source
newspapers
3. March 15, 1913 Other
Newspaper Excerpt
recommendation that the legislature appropriate $5000 that the attorney general might continue with the investigation in the receivership ... institution and prosecution of such proceedings, civil or criminal, or both, as he may deem advisable, and for such other action as he may deem best.
Source
newspapers

Newspaper Articles (2)
1. March 10, 1913 Tonopah Daily Bonanza Tonopah, NV
Article from Tonopah Daily Bonanza, March 10, 1913

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Article Text

JUDGE LANGAN ALLOWS SALARY OF FRANK WILDES RECEIVER LONG DEFUNCT BANK ALLOWED $9000 FOR THIRD YEARS' SERVICE Compensation of $1000 per month for the first year of his services as receiver of the State Bank and Trust company, $10,000 for the second year of his service and $9000 for the third year was allowed Frank L. Wildes by Judge Langan in a judgment entered Saturday in the district court at Carson. Judge Langan states that he is unable to fix the salary of the receiver for the year 1912 because no claim has been made by Wildes for that year as yet, Judge Langan's decision is a lengthy one and goes into the work of the receiver at length and in detail. He calls attention to the fact that although due and legal notice was given to all creditors of the defunct institution at the time of hearing on matters pertinent to the salary of the receiver, there were no objections filed to the claims of Wildes when the matter came up in the district court January 24 last. The court declares the handling of the affairs of the bank was wholly a matter of salvage and states that under the management of Wildes the assets of the company have been brought up to $400,000 and a dividend of 20 per cent on all deposits has been paid.

2. March 15, 1913 Tonopah Daily Bonanza Tonopah, NV
Article from Tonopah Daily Bonanza, March 15, 1913

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Article Text

ATTORNEY GENERAL TO PROSECUTE RECOMMENDED THAT APPROPRIATION BE MADE FOR FUR. THER BANK INVESTIGATION (Special to the Bonanza) CARSON, March 15.-The recommendation that the legislature appropriate $5000 that the attorney general might continue with the invesof the State Bank and Trust tigation in the receivership, was made today report submitted by the judiciary committee. Assemblyman Forman of Nye, chairman of the judiciary committee, tendered the following report: "We have received the report of the special committee on the investigation of the affairs of the State Bank and Trust company. We have conferred with members of that committee and we find upon our ing vestigation that the facts set forth in that report are ,not only true in d every detail, but we have reason to a believe from our own investigation e and information that they are only n the beginning of the whole truth. d "We believe that the state of NeS vada owes to itself and to its citizens who are depositors and creditors of the State Bank and Trust company in a full investigation of the affairs of es the receivership of the State Bank 11 and Trust company, and upon conTA sultation with the attorney general it we believe that there is a remedy S "We therefore recommend that it of there be appropriated the sum ell $5000 to be expended by the attorney to general or under his direction, for the full investigation of the affairs to of the State Bank and Trust com lie pany, and the institution and pro o secution of such proceedings, civil ar or criminal, or both, as he may in deem advisable, and for such other ng action as he may deem best, giving on to the attorney general full power x to employ such assistance by way of be counsel and expert accountants a: may be necessary." " Assemblyman Kelliher introduced joint resolution in the lower house today authorizing the people of To pah and the Tonopah Mine Owners association to furnish the silver for the silver dining set for the new battleship Nevada. An amusing incident occurred to S day when Grant Miller, the Ren attorney, made an objection to th Forman compensation act. Mille ED declared that should the bill become a law, and the action on the divorce industry would combine to put hin out of business as a shyster lawyer ToMiller further declared that it woul ek, prevent him from chasing ambulance to secure clients. talKelliher secured additional paper ted regarding the State Bank and Trus oss receivership today from the count hipclerk's office here. He had copie ing made of the originals. At first Cler th Patterson, who happens to be receiver of the Nye and Ormsb sent ont County bank, also appointed to offic 1212 by Judge Langan, refused to give the originals without an order 1050 court. However, he consented to ce the tify to the copies for a nomin tler charge. 225