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ONLY ONE FRANK GOLDEN HOUSE STOOD UP TODAY pay off today. Another report was that the bank had cleared with the Carson Valley TONOPAH, MANHATTAN Bank Saturday by San Francisco exchange checks instead of with cash. GOLDFIELD AND RENO and that the Carson Valley Bank had demanded cash, which was not forthBRANCHES INVOLVED coming. Also that Cashier LeMasters, of the latter bank had insisted upon and obtained an examination of the books of the First National. OPEN STILL BANKS CARSON Both of these reports are denied by the officials of both banks. AND BOTH DECLARE THEY Mills, James Rayeraft and LeMas ters appeared at the meeting of the ARE SAFE FROM RUNS Promotion Association and Mills made a statement to the Association 'WE'LL PAY DOLLAR FOR DOLLAR'. G. T. MILLS in regard to the matter. He said that if every depositor of the bank Every bank in Nevada in which Frank Golden is in control. with one should show up today and demand his deposit. the bank could not pay. exception, closed its doors today. Every other bank in Reno. Tonopah, Goldfield. Manhattan Bull as most of its reserve is held in San Francisco, Chicago and New York frog and Carson City withstood a run on its cash deposits. Like a cyclone. depositors descended upon the banking institutions according to law, and that a physical condition, the shipment of actual of the state and without rhyme or reason demanded their money. cash could not be made before WedRumors thick and fast flew over the state and before noon the Nye & Ormsby County Banks in Tonopah, Manhattan and Reno had closnesday morning. He also said that whatever run ed. The First National of Goldfield, the reorganized Nye & Ormsby started Tuesday could be handled County Bank of that city it reported to have closed also. At Reno the bank doors were open but no business was done. provided one or two of the heaviest neither deposits being taken nor checks cashed. depositors did not appear and demand their coin. He called attention Checks on the Nye & Ormsby were refused all over that city to the statement made to the compwhenever offered. The other Reno banks were paying out all day, troller of the currency on demand. and while most of them received deposits throughout the day, every Feb. 5 which shows that the bank director and official was on the qui vive and mustering resources. In Goldfield, the John S. Cook bank withstood a terrific run after held on that date 58 per cent over and above the amount of deposits in the report of its being robbed by counterfeit crecks of $12,000 got out cash and reserve funds. and the condition of the Golden banks become known. Cashier LeMasters, of the Carson In Tonopah the Nye & Ormsby branch and every other bank was Valley Bank followed Mills and made busy. All remained open except the branch. and Golden himself passthe same statements and said that ed through there early bound north and he is to arrive in Reno tonight. he had no hesitation in pronouncing It is less than two years since the Frank Golden banks were compelled to suspend payment on account of the failure of the State the bank absolutely solvent and went further and stated that he would be Bank and Trust Company, and since that time Frank Golden has mov. perfectly willing to ask the members ed heaven and earth to reorganize his banks and secure them. Only one of those in which he is interested, the First National at Carson of the Association to discourage any City stood up today. reports affecting the solvency of the bank. This the members decided to It is impossible to learn what has caused the general withdrawal or what has caused the embarrassment of the Frank Golden banks. do after discussing the matter. How well this confidence was plac Bank Examiner Hofer said this evening that he is unable to account for the run on the banks and that he does not understand ed was demonstrated this morning when two depositors were found what has happened to the closed banks. in the absence of any direct notices from any of them. waiting for the bank to open to deIn this city both the First National. a Golden Bank, and the Car posit goodly sums and when later son Valley Bank. a Kirman bank. withstood runs and announce that on other depositors appeared and they will be able to withstand any runs made tomorrow. Both have deposited sums ranging from $10 to $1000 each. received word of cash en route. to arrive in the morning and both are confident that they will not be campelled to close. Several depositors, cniefly women were on hand and withdrew their deExcited depositors started a run than when the run started in the on the First National Bank this morn morning. posits as did some men and all day ing and kept the tellers busy all day. No one seems to know just what these appeared and asked for their Every person that applied for his started the run. It was reported money. They were paid as fast as yesterday forenoon from some indefior her deposit was paid in full and the money could be counted. Cash the bank officials declare tnat if the nite source that the bank was in trou continued to come in from friends of run continues tomorrow every deposthe bank who knew the condition of ble. The report was like a match itor will be paid as fast as he applies affairs until the bank was more than to a field of ripe wheat, it ran all for his funds. over the city in an increditably short furnished with enough coin to satisfy time all comers. Before eleven o'clock this morning deposits exceeded withdrawals a litTomorrow morning the bank will George T. Mills. who has charge of tle less than $6,900. and during the the bank. tried his best to find out receive a big shipment of money afternoon more deposits were made where the report started but was from its San Francisco reserve agent. so that when the bank closed its but it is very probable that it will unable to more than locate a story doors at the regular hour the condithat some woman had said the bank's not be needed as the run almost petered out before the bank closed tion of the cash was much better cash was short and that it could not
