14536. State Bank & Trust Company (Carson City, NV)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
trust company
Start Date
October 1, 1907*
Location
Carson City, Nevada (39.164, -119.767)

Metadata

Model
gpt-5-mini
Short Digest
0ca74f22

Response Measures

Accommodated withdrawals, Capital injected, Full suspension, Books examined

Other: Reorganization attempts by president (pledging securities/assigning stock) and issuance of time certificates to depositors; receiver later appointed and dividends paid under receivership.

Description

The bank experienced heavy withdrawals and a drain of deposits tied to labor troubles and falling mining/security values in Oct 1907, prompting a suspension (closed doors 1907-10-23). Management attempted to reopen and offer time certificates and reorganization plans (Nov 1907–Feb 1908), but a receiver was appointed and litigation continued through 1908 onward, indicating permanent closure/receivership.

Events (5)

1. October 1, 1907* Run
Cause
Local Shock
Cause Details
Large withdrawals precipitated by labor troubles in southern mining districts and falling market values of securities; a prolonged drain on deposits.
Measures
Bank issued statements reassuring depositors; branches instructed to collect indebtedness and sell securities; preparations to ship coin; later offered time (deferred) certificates to depositors.
Newspaper Excerpt
Following the announcement ... put out a sign stating that the bank will be closed for three days in order to have sufficient coin shipped in to prepare for a run.
Source
newspapers
2. October 23, 1907 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Inability to realize on stocks placed as security for large loans and heavy withdrawals left bank temporarily unable to meet demands; suspension ordered and examiner in charge.
Newspaper Excerpt
The State Bank and Trust Co. ... closed its doors this morning at 9.15. The state bank examiner is in charge.
Source
newspapers
3. November 21, 1907 Other
Newspaper Excerpt
At a meeting ... it was decided to adopt the plan ... to give out time certificates to the depositors ... payable in three, six, nine and twelve months ... many have already signed the agreement and many who have not so far affixed their signatures ... will now sign . . . The first payment on these certificates will probably be paid within a very short time after the banks open . . . Mr. Rickey stated that sufficient money to meet the first payment was in the vaults of the banks and as soon as they are again running ... they will be in a position to call in the first certificates . . . depositors will get their money as soon as the bank can possibly meet its demands. (Nov. 21, 1907).
Source
newspapers
4. February 5, 1908 Other
Newspaper Excerpt
President Rickey assigned his 900 shares in the State Bank and Trust company to the other stockholders and is entirely out of the institution ... committee appointed looking to a solution of the bank's difficulties and the matter of re-organization of the institution (Feb 5, 1908).
Source
newspapers
5. July 14, 1908 Receivership
Newspaper Excerpt
Frank L. Wildes, the duly appointed, qualified, and acting Receiver of the State Bank and Trust Company ... petition praying for an order of said court authorizing him as such Receiver ... said corporation ceased to transact business, and collected and received by said corporation subsequent to the 23d day of October, 1907, and after it had ceased to transact business . . . (Jul 14, 1908).
Source
newspapers

Newspaper Articles (23)

Article from Arizona Republican, October 24, 1907

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NEVADA BANK TOPPLES OVER The State Bank and Trust Co. of Carson It is Predicted That It Will Shortly Resume Without Loss. Reno, Nev., Oct. 23.-The State Bank and Trust Co. with headquarters at Carson, and with branches at Goldfield, Tonopah, Manhattan and Blair, closed its doors this morning at 9.15. The state bank examiner is in charge. The difficulty is due to inability to realize on stocks placed as security for $400,000 loan made by the Sullivan Trust Co. last year. T. B. Rickey, president of the bank, is one of the wealthiest men in the state, and the bank's assets are thought to exceed its liabilities. No fear is entertained that the depositors will lose a cent. Rickey is now in San Francisco. Following the announcement that the company had temporarily suspended Nye & Ormsby Co.'s bank and Frank Golden, president of the Carson, Tonopah, Goldfield, Manhattan and Reno banks, put out a sign stating that the bank will be closed for three days in order to have sufficient coin shipped in to prepare for a run. There is no excitement and the feeling prevails that there will be no failures. A statement issued by the bank and trust company this afternoon assigns labor troubles and a drain on its deposits in the south as the reason for suspension. It is claimed that depositors will be paid dollar for dollar. A general feeling of confidence exists here. The deposits in the banks today greatly exceed withdrawals. Prominent local financiers, including. (Senator Nixon, anticipate no serious trouble. A dispatch from Goldfield states that conditions there are normal.


Article from The Goldfield News, October 26, 1907

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upon them the action of the governor met with hearty approval among the business men generally and undoubtedly will benefit both banks and depositors. The suspension of the State Bank and Trust company came like a bolt from a clear sky. T. B. Rickey, the president and controlling spirit in the institution is reputed to be the richest man in Nevada and the bank was considered as sound as a dollar. For that matter, its friends still claim that it is only temporarily embarrassed and that it will resume business in a few days. The order for closing the bank was sent out from Carson by Cashier James T. Davis of the home bank, acting on instructions


Article from The Goldfield News, November 2, 1907

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all his banks Monday morning without fail. The Reno bank opened for business last Monday but did not open Tuesday morning. When this news was received in Goldfield it created some apprehension but it was explained that if it had remained open depositors in the other Golden banks could withdraw their deposits through the institution at Reno. As this would probably have precipitated a run on the bank at Reno, on the advice of his attorneys, Mr. Golden decided to postpone the opening until all the Nye & Ormsby banks were ready to transact business. Thomas B. Rickey of the State Bank and Trust company has returned to Carson City from San Francisco and has announced in an interview that he expects to reopen his banks next Tuesday. He declares that the State Bank is per-


Article from The Goldfield News, November 2, 1907

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ern Nevada during the present year. He says that as a result of these recurring labor troubles hundreds of speculators and Investors withdrew their deposits and left the state in disgust. They believed in the mines and they liked the state but they were frightened away. "Six months ago," said Mr. Rickey, "the bank had deposits of over $4,000.000, and in fact had such a large amount in cash that we did not know just what to do with It. From July until the present more than $2,000,000 has been withdrawn from the bank. Several weeks ago we saw the predicament the bank would be in shortly and instructions were issued to all the branch banks to collect all outstanding indebtedness and sell the securities held for loans. But the market began to fall with amazing and unexpected rapidity: the bottom had apparently fallen out. Blocks of stock worth thousands a short time ago now brought hundreds and the bank faced the prospect of simply swamping the market by forced sales and then not saving the depositors. So we decided to close down the banks until we could handle the securities on a reasonable basis and save hundreds of persons from ruin." Mr. Rickey declared that the only company in which he is Interested that is indebted to the bank is the Rickey Land and Cattle company. which is worth more than half a million and which owes the bank between $5,000 and $10,000. Personally, Mr. Rickey says, instead of owing the bank, the bank is indebted to him. All the branches of the State Bank have been instructed to prepare statements and forward them to Carson City at once. These statements have probably been received by the home bank by this time and President Rickey has announced that as soon as these statements have been carefully gone over, he will issue a statement to the stockholders, setting forth the bank's condition and submitting a proposition for their acceptance or rejection. He has already received assurances from many of the heaviest depositors that they will not withdraw their money should the bank reopen its doors the first of the week and he is confident that the bank will be able to resume business within the next few days. Judge Langan has denied the application for a receiver for the State Bank and Trust company. The heavier depositors. and in fact the great majority of the smaller depositors are opposed to a recievership at this time, believing that the depositors would fare better under the Rickey management than in the hands of a receiver. D. Mackenzie, who returned from San Francisco a few days ago, spent several days in consultation with T. B. Rickey while in the coast metropolis. "I do not doubt for a moment but that the State Bank will reopen and pay dollar for dollar," said Mr. Mackenzie. "I have made a personal examination and I can say that the securities in the State Bank are excellent. The Rickey banks have now more than $200,000 in cash on hand but of course that is not sufficient to enable the banks to sustain a run. The depositors must agree to wait a reasonable time for their money and If some arrangement of that kind can be made I am satisfied that the bank will reopen in a few days and everybody will get his money. The only loss that would come to the depositors would be in the appointment of a receiver and I cannot urge too strongly against such a move. I am the largest depositor in the State Bank, Mr. Rickey tells me, but I am perfectly willing to give any assistance in my power to help relieve the situation and stand ready to increase my deposit substantially. Mr. Rickey informed me that he is willing to pledge to


Article from Carson City Daily Appeal, November 21, 1907

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WILL ISSUE CERTIFICATES To all Signers of the State Bank. Will Bear Intrest At a metin gof the Board of Directors of the State Bank & Trust Company yesterday in this city it was decided to adopt the plan suggested by President Rickey to give out time certificates to the depositors who sign the agreement presented by the bank. The certificates will be payable in three, six. nine and twelve months from the dates of issuance and will bear interest at the rate of three and one-half per cent. This plan is meeting with favor among the depositors who have already signed the agreement and many who have not SO far affixed their signatures to the agreement will now sign. The officials at the meeting yesterday reported that there was only a small percentage of the many depositors who were still holding out and they thought that these would now come to the front and that it would be only a matter of a short while before all the institutions would again be running. The. first payment on these certificates will probably be paid within a very short time after the banks open and will not be held off for the agreed three months. Mr. Rickey stated that sufficient money to meet the first payment was in the vaults of the banks and as soon as they are again running and business begins to.pick up that they will be in a position to call in the first certificates. All they need is sufficient money to conduct the banks. and as fast as money accu mulates the certificates will be called in regardless of when they are due and the depositors will get their money as soon as the bank can possibly meet its demands.


Article from Carson City Daily Appeal, January 23, 1908

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the stockholders in the banks be assessed enough money on their stock to meet the deficiency in the banks and to then resume business and meet all obligations right on the outset. Since the suspension of the institutions many thousands of dollars of accounts have been traded with other banks and in consequence of this trading at the present time only about one and one-half millions are required to place the institutions on a cash basis. Mr. Kirman telegraphed to Walter J. Harris, who is in San Francisco, for the latter to return to this city at once and it is probable that he will be assigned the task of going over the books of the company. It is believed that the proposition of Mr. Kirman has a good chance of being accepted by the directors of the institutions for it is becoming evident that something must be done toward the opening of the various banks of the chain controlled by the State Bank & Trust Company. The board of directors yesterday elected the old officers of the institution as follows: T. B. Rickey, president; George H. Meyers, vice-president; J. P. Woodbury, second vice-president: Jas. T. Davis, cashier; E. D. Vanderlieth, assistant cashier; E. B. Cushman, assistant cashier. Tonopah: J. L. Lindsay, assistant cashier, Goldfield: C. H. Wise. assistant cashier, Manhattan; F. A. Seymour. assistant cashier, Blair.


Article from Carson City Daily Appeal, February 5, 1908

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Committe is Appointed to Consider Plaus For Re-organization of the Institution meeting today to get the control himRickey Disposes of all self but as this was found to be an His Intrests This impossibility made good his former proposition to surrender all his inAfternoon terests in the bank. Just what the plan of the stockThe stockholders of the State holders is we were unable to learn owBank & Trust Company held a meeting to the lateness of the hour when ing today to consider the propositions the adjournment of the meeting at offered by President T. B. Rickey of the bank was had but it is stated the bank to the holders of stock in that an announcement will probably the institution. be made after the meeting of tomorThe proposition submitted by Mr. row. Rickey was that in the event of all RESOLUTION ADOPTED the stock in the bank being assigned The following resolution was adoptto the bank, and the depositors of the ed at the meeting this afternoon: bank accepting deferred payments of "Resolved that in the sence of the their claims, he would loan the inmeeting and by virtue of discussion stitution $1,000,000 in securities, and of information at hand and the defithus enable the bank to resume businite action taken that the utmost conness; or, he would turn over his holdfidence is felt in the ultimate outing of nearly one-half of the capital come of the affairs State Bank and stock of the bank to the stockholdTrust Company." ers in order that the depositors might ATTACHMENT IS FILED be paid dollar for dollar. This morning Deputy Sheriff KnobThese two propositions evoked conlock served an attachment on the siderable discussion, and resulted in State Bank and Trust Company the first proposition being passed for through its President T. B. Rickey, the reason that Mr. Rickey was loath for $11,935.20. The attaching party to enumerate just what securities he is the Francis Mohawk Mining and proposed loaning to the bank. Leasing Company. Finally the proposition of Mr. RickThe attachment papers filed here ev turning over his interests in the to-day are duplicates o fthose filed bank to the other stockholders was at Goldfield and Tonpah, a certified accepted. Plans were made at the copy of the original being the papers meeting looking towards the re-organin the suit filed today. ization of the bank and placing it on Immediately after the filing of the a more solid foundation than before. papers John Eflis was appointed A committee consisting of Messrs. keeper of the institution in this city Mapes. Brougher and Shaw was apduring the day and James Logan will pointed looking to a solution of the take the night shift. These men will bank's difficulties and the matter of serve until a receiver is appointed reorganization of the institution. for the institution or a settlement of This committee is to report to the some sort is made. stockholders at a meeting to be held The serving of the papers today on tomorrow. came as a surprise to many as it was RICKEY IS ENTIRELY OUT thought that McKenzie, who really Today President Rickey assigned brings the suit in the name of the his 900 shares in the State Bank and Francis Mohawk company would wait Trust company to the other stockuntil the stockholders and directors holders and is entirely out of the had taken some definite action today institution He endeavored at the


Article from Carson City Daily Appeal, February 5, 1908

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Rickey Disposes of all His intrests This Afternoon The stockholders of the State Bank & Trust Company held a meeting today to consider the propositions offered by President T. B. Rickey of the bank to the holders of stock in the institution. The proposition submitted by Mr. Rickey was that in the event of all the stock in the bank being assigned to the bank, and the depositors of the bank accepting deferred payments of their claims, he would loan the institution $1,000,000 in securities, and thus enable the bank to resume business; or, he would turn over his holding of nearly one-half of the capital stock of the bank to the stockholders in order that the depositors might be paid dollar for dollar. These two propositions evoked considerable discussion, and resulted in the first proposition being passed for the reason that Mr. Rickey was loath to enumerate just what securities he proposed loaning to the bank. Finally the proposition of Mr. Rickev turning over his interests in the bank to the other stockholders was accepted. Plans were made at the meeting looking towards the re-organization of the bank and placing it on a more solid foundation than before. A committee consisting of Messrs. Mapes. Brougher and Shaw was appointed looking to a solution of the bank's difficulties and the matter of reorganization of the institution. This committee is to report to the stockholders at a meeting to be held on tomorrow. RICKEY IS ENTIRELY OUT Today President Rickey assigned his 900 shares in the State Bank and Trust company to the other stockholders and is entirely out of the institution. He endeavored at the


Article from The White Pine News, February 6, 1908

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RICKEY HAS NEW PLAN FOR OPENING STATE BANK CARSON CITY, Feb. 5. There will be another meeting of the directors and officers of the State Bank and Trust.company in this city tomorrow, when they will endeavor to arrive at some definite plan for the opening of the banks of the company. President Rickey has offered to open the bank and capitalize it for $1,000,000 if the stockholders will turn over to the bank their stock. Unless they agree to do this the bank. will pass into the hands of a receiver.


Article from Daily Independent, February 19, 1908

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twenty men have already been appointed to the regular force -New. Read what the Chronicle has to say of the conditions at Goldfield, and see what Elko county's eminent statesman and great constitutional lawyer stood for at the recent session of the legislature. If such outrages happen with soldiers in Goldfield, what would be the condition if there was no restraining authority in the camp? Is it a great stretch of imagination to say that riot, murder ar… anarchy would paralyze the industries of Goldfield and bring disgrace and ruin upon the state? Yet, Elko's eminent statesman, the speaker of the assembly, opposed all measures that had for their object the suppression of disorder and preservation of law, order and peace in every town, city and hamlet in the state. The preliminary examination of T. B. Rickey, ex-president of the State Bank and Trust Company was on the boards at Carson yesterday. Three of the directors, Brougher, Woodbury and Meiere, testified that in their opinion the bank was solvent at the time of its suspension, and could pay dollar for dollar, with the assistance of the depositors, such as giving time to realize on securities. The prosecution endeavored to place the responsibility of the loans upon Rickey's shoulders. The directors agreed that the loans were first-class when made. During the examination, a telegram was received from Goldfield that the loan to the Kean Wonder Mining Company, amounting to $190,000, had been taken up. The telegram was admitted in evidence over the objection of the prosecution.


Article from The Goldfield News, May 2, 1908

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T. B. Rickey, late president of the State Bank and Trust company, announced this week that he intends to take up his assigned 1,000 shares of bank stock, paying therefor $100 per share. Several of the directors have made a similar offer. If this is done before May 15th and the bank and its branches are reopened by that time the receivership proposition will be quashed. The money that will come in from this source, added to the other assets of the bank, will probably pull the institution out of bankruptey and enable the settlement of its liabilities dollar for dollar. A meeting of all the directors was held at Carson City Wednesday, all the


Article from Carson City Daily Appeal, July 14, 1908

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LEGAL ADVERTISEMETS In the District Court of the First Judicial District of the State of Nevada, in and for Ormsby County. State of Nevada, on relation of Jenn Sparks, W. G. Gouglass, and D. M. Ryan, constituting the Board of Bank Commissioners of the State of Nevada, Plaintiff vs. State Bank and Trust Company, a corporation, G. H. Meyers, J. P. Woodbury, W. Brougher, C. T. Bender, A. Livingston, G. W. Mapes P. H. Peterson, S. L. Lee, and others, Defendants. Frank L. Wildes, the duly appointed, qualified, and acting Rceiver of the State Bank and Trust Company, a corporation, having filed with the Clerk of the above-entitled District Court his petition praying for an order of said court authorizing him as such Receiver, pay over and deliver to the parties entitled therteo certain sums of money realized from collections deposited with the State Bank and Trust Company, prior to the 23d day of October, 1907, when said corporation ceased to transact business, and collected and received by said corporation subsequent to the 23d day of October, 1907, and after it had ceased to transact business, which said sums were placed in separate parcels in the vaults of said bank and were not, nor was either of them entered into the accounts of said bank to the credit of said collecting clients, or either of them, and which said sums it is alleged are now held in trust by said Receiver to be paid and delivered to said collecting clients, and the said Receiver having among other things, prayed in said petition that a day be fixed for the hearing thereof, as by said petition herein on file more fully appears,


Article from Carson City Daily Appeal, July 24, 1908

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investigations in the bank matter as they were not prepared as yet to file their report. The Judge instructed them to take their own time and to continue the investigation as long as they saw nt. Today the jury has been busy on State Bank and Trust Company matters and this morning had Receiver Wildes of the bank before them for examination. At the session of court this afternoon the application for a homestead filed by Clara M. Cook was refused but she was allowed to use all personal property and the profits from the stock on the ranch as she saw fit.


Article from Daily Independent, August 27, 1908

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Will Sue The Stockholders Papers are now being prepared and arrangements completed for filing a suit against the stockholders and directors of the State Bank and Trust company to recover the last two dividends paid to them by the bank and also monies claimed to have been improperly loaned by the directors and officials. The total amount to be asked for in the suit is about $900,000 and it is stated that when the suit is ready for filing attachments will be levied on property held by those affected. The information of the suit was given by persons connected with settling the affairs and it is known the papers are now in the course of preparation and unless the plans are changed will be filed within a short time. The suit will demand that the last two dividends paid by the bank, one of 6 per cent, and the other of 9 per cent. be returned to the funds of the bank, basing the demand upon the charge made by Receiver Wildes that the books of the bank actually showed a loss at that time instead of a net profit. Other monies will be demanded to be returned because improperly loaned or expended. Among other things it is charged that there was a by-law in force at the bank which provided that no loan of over $15,000 could be made unless all the directors acquiesced in the loan. It is charged this was violated in many cases and consequently the amounts SO loaned are demanded to be returned. The Ormsby county grand jury will meet tomorrow and it is likely that perhaps the most sensational bit of evidence yet uncovered will be brought before that body. A letter was sent out from the bank here to the cashiers of all the branch banks on October 6th, stating that the bank was in very bad shape financially at the time and telling all the cashiers to be prepared to close their branch banks upon telegraphic advices. The letter was sent out on the 6th day of the month and on the 23rd of the month the bank closed its doors. There is some dispute as to the authorship of the epistle, President Rickey denying that he either wrote or authorized the letter but it is claimed that he did so, and had it sent out. One of the letters is now in existence and will likely reach the jury at the session tomorrow. After this letter was sent the cashiers of the bank continued to receive de posits and honor checks and do other business until the doors of all the institutiens were closed on the 23rd of the month. The bond question will also be further investigated by the grand jury and District Attorney Roberts at the meeting tomorrow and it is thought that the matter will then be determind.-Carson News. awa


Article from Weekly Independent, September 3, 1909

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# Light on a Dark Subject The following from the Carson Appeal throws some light on the hidden secrets of the Rickey Banks: "It may be of interest to our subscribers to know something of the inside history of the State Bank and Trust Company failure. With this aim in view we will from time to time throw a little light upon its management. On June 28, 1907, the Rickey Land and Cattle Company had on deposit in the State Bank and Trust Company $71,809.32; on August 10, 1907, the deposit stood $38,167.32; on August 12, 1907 the company withdrew $127,500, leaving an overdraft of $89,332.30; on August 28, 1907 the overdraft stood $104,942.93. October 19, 1907, the overdraft stood $6417.01. Did the management have any idea of the unsafe condition of the institution prior to its closing?" As shedding more light on the rotten transaction of that institution the Appeal publishes a copy of "That Famous Sealed Letter" from Cashier Davis to the cashiers of the branch banks. This letter follows: Oct. 4 07. "To Messrs. Cushman, Wise, Crocker and Seymour, Assistant Cashiers of Tonopah, Goldfield, Manhattan and Blair. "Gentlemen: "Under existing conditions which render it impossible for us to make collection at our various banks, and the serious drain on deposits in the southern banks for the past few months, resulting from labor troubles, etc., it is more than likely that the State Bank and Trust Co., will be obliged to suspend, temporarily, at least. You will, therefore, if such a step is decided upon, close your doors upon a wire authorizing you to act on this letter, stating to the public the facts as above, and also that our resources are ample to pay every obligation when general conditions become better. "Yours truly, "JAS. T. DAVIS, "Cashier. Did the state bank officials have any idea of the insolvency of the institution prior to its closing? Attention is called to the date of this letter. The bank closed on October 23, 1907, 19 days following the writing of the letter."


Article from Carson City Daily Appeal, September 28, 1909

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RICKEY CONFESSES JUDGMENT RICKEY CARRIES BANK COD AT BAR OF PUBLIC OPINION of assets of the of of B. he that all, Thomas withdrawal declares valuable being "wealthy." Rickey (COPY) bank is in danger of assasination in OrmsAfter saying that the candidates Carson City, Nevada, Oct. 1, 1909 IS GRANTED all tickets vied with each other by county and that for this, and half "That said newspapers at all times Mr. a hu "ed other reasons he don't holding him up to contumely and as aforesaid, published pictures and Asst. Cashier, that he was characterized as a "thief want to be tried in this county for cartoons representing atliant as exSTAY OF Dear Sir: wrecking the State Bank and Trust liar, scoundrel, and attributing to tremely greedy and avaricious, and a Company. all kinds of dishonesty and trickery, worshipper of money above every We are sending you per registered mail one capy of a priv EXECUTION that the peopie actually applauded virtue, and such pictures and cartoons He also says that the United States code for use between the Banks of this Company. A copy will such statements and approved the ex SO ublished by said newspapers deDistrict Attorney took the stump and SO be sent to the Hanover Nat. N. Y. but should not be used W pressions and the persons who made denounced him, that influential citipicted scenes of distress wherein dethat bank until advised of its receipt. It may be used in wires Petty, the wife murderer, was the expressions by actually electna positors were representetd as persons zens have done the same, that the Mr. Rickey who will carry it. Attention is called to the iast granted a stay of execution this af them to office. that the grand juries sick, bed-ridden, hollow-cheeked, newspapers in particular, have been pages, being signatures to messages involving payments. Ple ternoon by the Supreme Court and met in several counties and proceed sunken-eyed, and with tattered garactive in showing up the said affiant acknowledge. the preliminary arrangements that ed to do their auty. with the result ments, al. suggested in said pictures that depositors, their friends, relaYours truly, that Rickey was indicted. and affiant to have been caused directly by the tives and their friends and relatives have been made by Warden Maxwell J. T. DAVIS, Cashier. from the tenor of his affidavit is surconduct of affiant as director and for his transition from this life inunto the third and fourth generation prised and pained thereat. Seven in of them that hate Tom Rickey are inpresident of said bank. to the world beyond have been temdictments, he says, were in Ormsby dustriously abusing the affiant for porarily suspended. Notice of Appeal "And in others of said pictures and county alone. He tried to have them wrecking the bank, and that for these had been given by his attorney, Frank cartoons SO published from time to quashed but could not do SO and went and sundry and divers other reasons Maher and pending a determination time in said newspapers, affiant was to the Supreme Court where a rulhe cannot get a fair trial in Ormsby ou the questions involved, the stay of represented as living in luxury puring relieved his mind greatly, releasCOMMISSION WILL county. or in half a dozen other counexecution has been granted. The chased with ne money he had filched ing him from custody on a writ of ties in the State of Nevada. from said bank while women and crime for which Petty was convicted habeas corpus. was one of the most brutal in the starving children, old. aged persons. The affidavit bears down partienHe pays the newspapers a complicriminal annals of this state and if larly hard on the newspapers. It dedecrepit and sick persons, were subGO TO SPOKAN ment by saying that they furnished a man should be executed he is votes several pages to a description jeeted to distress and misery because the principal means and sources of the one He shot down his wife in of what Senator Newlands calls the the 10SS of deposits in said bank information for the people in the said cold blood and then in his own deall of which was charged to have been "mellific" influence of the cartoon, as Commissioners to Nevada points are on the Bartine, Railroad counties wherein the said newspapers fense went upon me stand and with she is cartconed in Nevada. The directly caused by the conduct of afface. The only justification th Thurtell and Shaughnessy left Salt were published, that all the said all the depravity of his kind pleaded language of the affidavit is: "That fiant as president and as a director roads claim for their method Lake City for Spokane, last evening. newspapers have great influence and the defense based upon satyriasis. His of said bank. all of said newspapers, immediately sessing rates to interior poi where they will attend the hearing power in moulding feelings and optestimony upon the stand was of the The affiant goes on to say a lot after said bank suspended as aforewater competition at terminal of the terminal freight rate case at inions of all persons in the county most revolting charactetr and sickmore about the newspapers and the said, commenced and thereafter, to the manner in which Judge that point before the Interstate Comwhere the said newspapers are pubening in the extreme. the present time, continued most vio conducted the cross examinal power they have weilded in bringing merce Commission on the 29th. lished. That the campaign of pubTom Rickey to justice and the manlent. virulent and impassioned publiwitnesses in the Sait Lake case The stay of execution granted by Official notice has been received licity convinced 90 per cent of ner in which they have shed light in cations against affiant and the other how weak their claim of wate the Supreme Court was in accordance from the Interstate Commerce Comthe people of that State that Rickey directors of the bank. That all of with the statutes in such case made the dark places of the State Bank & petiton is. In fact showing th mission by this Commission, that is what he is declared 10 be by the Trust Co. affairs and then takes a and provided. said newspapers at all times after Southern Pacific company is the hearing of the Reno terminal newspapers, that these people hate the suspension said bank publishits own competition by its con rap at Sam Platt in the following case is set for October 25, 1909. when the attiant and "believe him to be language: ed editorials and statements charging the Acantic steamship lines a further evidence will be taken in the a person of no honesty and integrity "That soon aftetr the suspension of affiant petitioner, with having used Pacific Mail Steamship Comp case, and the oral argument heard. OLD RESIDENT and him to be a person who said Bank. as aforesaid. certain inthe funds of said bank unlawfully and As an example of the ex The hearing of the Reno case on would not hesitate 10 Take a false fluential citizens, one of them being corruptly for the personal profit of afcharges to Nevada points take October 25 will submit the matter to oath in order to advance his pecunthe United States Attorney for the PASSES AWAY fiant petitioner. and published statemodity such as dry goods N the Interstate Commerce Commisiary interest, and said people would ments at all times heretofore that District of Nevada, another being the The rate from Chicago to San sion ,except for the filing of briefs by not believe anything that was testieditor and publisher of a certain cisco is $3.00 per hundred affiant has used his office as presiMrs. A. B. C. Day, wife of Josiah the Railroad Commission of Nevada fied to by said affiant. dent of the said bank to make loans Out of this the Southern Pacifi newspaper of the State of Nevada Day and mother of F. W. Day. Fred and the raiiroads. After the briefs Then he concludes as follows: "So to corporations, partnerships and asrepresented themselves as being fampany receives $1.18 per h Day. and Charles Day of this city and are in. which will probably. be about hostile is the feeling against affiant sociations in which affliant was Interiliar with all the facts connected weight for the haul of 785 mil Mrs. ( E. Wylie OR Goldfield, passed one month after the hearing, the growing out of his connection and den to San Francisco. On th ested, and published statements that with the management of and control away this alternoon at the hour of question is up to the Interstate Comcontrol of said bank and trust comafflant had diverted the fuds of said of said bank. commodity the rate, Chicago to o'clock at the home ranch just outmerce Commission for decision. pany that law abiding persons of said "The influential citizens shortly af bank to build houses and improve is $4.29 per hundred weight, a side the city limits. She has been The cases now being ..eard before counties and of Ormsby county have property in reckless disregard of the ter the suspension of said bank as Southern Pacific company recei suffering from an attack of typhoid the seven Interstate Commerce Comfrequently warned affiant that he a haul 244 miles less than aforesaid, went through the counties interest of said depositors, and for fever for several weeks and her death missioners, namely, the Salt Lake, would be killed. and a great many wherein said branch banks were sitFrancisco, the rate of $2.47 per the purpose of indirectly enriching was not unexpectetd. Spokane, San Pedro, Pheonix and Reof the said law abiding citizens have affiliant. uated and said other counties and red weight. The Company Mrs. Day was one of the pioneer no cases, are all of the same nature, cautioned affiant against the danger of that for the 785 mile haul, th caused people to assembly that they "That said newspapers at all times women of this county, coming here the question being whether or not the assault by persons. who, such persons ings of $1.18 per hundred weis might address them and said influenaforesaid published statements than in the early ixties with ner husband freight rates applied by the railroads cautioning declared, have threatened renumerative to a `mited exter tial citzens did address such assemloans were made of the of said from the State of Maine, and has re from eastern points to Pacific Coast to kili and murder me because of my being the case the rate of $2 blages in said counties, making in bank upon worthless securities and sided here ever since. She was of a terminals are not the reasonable connection with the management of said addresses the same charges hundred weight for 541 miles upon mining stocks regardless of the kind and loving disposition and will rate to the interior points named. said bank. Since the said suspension excessive and unreasonable. against this affiant as were then and value of the property because affiant be mounted by hundreds of acquaintof said bank. affiant has been conIn the case of Spokane, the Interhad theretofore been made in said only one of over a thousand ex had an interest as borrower and ances and friends who have enjoyed stantly threatened with physicial viostate Commerce Commission has althat could be shown. newspapers, and charged that the would profit by the loan made. And her hospitality and known her life lence and murder at the hands of said ready rendered a decision giving that said suspension and failure of said said newspapers a' all times as aforeand works of love and charity. She depositors. point less than terminal rates on class CARD OF THANKS bank was entirely the result of the said, published statements that after was one of the truty home women of "Affiant is convinced and declares rates and a few commodities, and a management and control of the said We sincerely desire to than the .ank had failed affiant had favthis community and her demise will and says that from prejudice in said rate slightly higher on other comaffiant and in this connection they who SO kindly assisted us in o ored some depositors as against othmourned by all with whom she above named counties and in said modities. Owing to the fact that stated that said affiant had practicalof sorrow by their many kind ers by permitting said favored deever came in contact. Ormsby county and from local inthe petition of the Spokane people and words of consolation. ly usurped all the powers of the board positors, by indirection to receive fluence he will not be able to obtain The funeral arrangements have not only specified class rates and thirtyof directors and had directed and conS. S. NEILSEN AND their deposits in full. while the other yet been made but will be announc justice and a fair and just trial in said four commodities from Chicago and trolled the said bank according to the MRS. N. NEILSEN. depositors were being injured by the ed later. above entitled cause. points west, the decision of the InMR. AND MRS. E. V. F affiant's individual judgment and for The affidavit is subscribed and terstate Commerce Commission was his own individual benefit and profit." sworn to September 7. 1909, before limited to the classes and commoHe pays his respects to Frank Judge Talbot left last even R. B. Treat, a notary public in and dities between the points named. Wiides, receiver of the bank. saying: Goldfield where he will MINING PROPMETERS for the city and county of San FranHence, the rehearing of the Spokane "That after his appointment as receivsession of the Mining Congre cisco, by Thomas 5. Rickey and is case. er of said bank the said Wildes stated being held at that place. The Connections for electric serERTY CLOSED sealed in due form by the notary. and charged this affiant with the Before the Spokane case was set states that he will probably I vice, of any kind, will no longer for week neglect, ommission and comfor rehearing. the Interstate Com-


Article from Carson City Daily Appeal, September 28, 1909

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THOMAS 13. KICKEY accires that ne is in danger of assasination in Ormsby county and that for this, and half a hu "red other reasons he don't want to be tried in this county for wrecking the State Bank and Trust Company. He also says that the United States District Attorney took the stump and denounced him, that influential citizens have done the same, that the newspapers in particular, have been active in showing up the said affiant that depositors, their friends, relatives and their friends and relatives unto the third and fourth generation of them that hate Tom Rickey are industriously abusing the affiant for wrecking the bank, and that for these and sundry and divers other reasons he cannot get a fair trial in Ormsby county, or in half a dozen other counties in the State of Nevada. The affidavit bears down partienlarly hard on the newspapers. It devotes several pages to a description of what Senator Newlands calls the "mellific" influence of the cartoon, as she is cartconed in Nevada. The language of the affidavit is: "That all of said newspapers. immediately after said bank suspended as aforesaid, commenced and thereafter, to the present time, continued most vio lent. virulent and impassioned publications against affiant and the other directors of the bank. That all of said newspapers at all times after the suspension said bank published editorials and statements charging affiant petitioner, with having used the funds of said bank unlawfully and corruptly for the personal profit of affiant petitioner. and published state ments at all times heretofore that affiant has used his office as president of the said bank to make loans to corporations, partnerships and associations in which affliant was Interested. and published statements that afflant had diverted the fuds of said bank to build houses and improve property in reckless disregard of the interest of said depositors, and for the purpose of indirectly enriching affliant. "That said newspapers at all times aforesaid published statements than loans were made of the Name of said bank upon worthless securities and upon mining stocks regardless of the value of the property because affiant had an interest as borrower and would profit by the loan made. And said newspapers a all times as aforesaid, published statements that after the .ank had failed affiant had favored some depositors as against others by permitting said favored depositors. by indirection to receive their deposits in full. while the other depositors were being injured by the


Article from The Goldfield News, October 16, 1909

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# RICKEY PAINTS HIMSELF # BLACKER THAN ENEMIES DID Thomas B. Rickey declares that he is in danger of assassination in Ormsby county and that for this, and half a hundred other reasons he doesn't want to be tried in this county for wrecking the State Bank and Trust company. He also says the United States district attorney took the stump and denounced him, that influential citizens have done the same, that the newspapers in particular, have been active in showing up the said affiant; that depositors, their friends, relatives and their friends and relatives unto the third and fourth generation of them that hate Tom Rickey are industriously abusing the affiant for wrecking the bank, and that for these and sundry and divers other reasons he cannot get a fair trial in Ormsby county, or in half a dozen other counties in the state of Nevada. The affidavit bears down particularly hard on the newspapers. It devotes several pages to a description of what Senator Newlands calls the "mellific" influence of the cartoon, as she is cartooned in Nevada. The language of the affidavit is: "That all of said newspapers, immediately after said bank suspended as aforesaid, commenced and thereafter, to the present time, continued most violent, virulent and impassioned publications against affiant and the other directors of the bank. That all of said newspaper at all times after the suspension of said bank published editorials and statements charging affiant petitioner with having used the funds of said bank unlawfully and corruptly for the personal profit of affiant petitioner, and published statements at all times heretofore that affiant has used his office as president of the said bank to make loans to corporations, partnerships and associations in which affiant was interested and published statements that affiant had diverted the funds of said bank to build houses and improve property in reckless disregard of the interest of said depositors, and for the purpose of indirectly enriching affiant. "That said newspapers at all times aforesaid published statements that loans were made of the funds of said bank upon worthless securities and upon mining stocks regardless of the value of the property because affiant had an interest as borrower and would profit by the loan made. And said newspapers at all times as aforesaid, published statements that after the bank had failed affiant had favored some depositors as against others by permitting said favored depositors, by indirection, to receive their deposits in full, while the other depositors were being injured by the withdrawal of valuable assets of the bank. "That said newspapers at all times as aforesaid, published pictures and cartoons representing affiant as extremely greedy and avaricious, and a worshiper of money above every virtue, and such pictures and cartoons so published by said newspapers depicted scenes of distress wherein depositors were represented as persons sick, bedridden, hollow-cheeked, sunken-eyed, and with tattered garments, all suggested in said pictures to have been caused directly by the conduct of affiant as director and president of said bank. "And in others of said pictures and cartoons so published from time to time in said newspapers, affiant was represented as living in luxury purchased with the money he had filched from said bank, while women and starving children, old, aged persons, decrepit and sick persons, were subjected to distress and misery because of the loss of deposits in said bank, all of which was charged to have been directly caused by the conduct of affiant as president and as a director of said bank. The affiant goes on to say a lot more about the newspapers and the power they have wielded in bringing Tom Rickey to justice and the manner in which they have shed light in the dark places of the State Bank and Trust company affairs and then takes a rap at Sam Platt.-Carson News.


Article from Weekly Independent, October 13, 1911

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BIG NOTE AT SMALL PRICE This afternoon in front of the court house Deputy Sheriff Ellis sold a twenty-five thousand dollar note for two dollars and a half. He also disposed of one hundred thousand shares in a mining company for two dollars. The notes were given by John Ross, Ur., to the State Bank & Trust company at the time of the southern boom. It was endorsed by Homer Wilson and W. J. Murphy. Doctor McClean bid in the note for the above amount. Upon looking (it over he came to the conclusion that it was the lost Charley Ross that the paper was really intended for. In the case of the 100,000 shares of the Wildman Consolidated stock the best bid that the sheriff could get was two dollars. Doctor MeCelan also took this paper into camp. He states that he is using it for decorative purposes and wanted to add it to his collection. This is but one lot of such securities that will be cleaned out of the safe of the State Bank by the receiver.- Carson Appeal.


Article from Carson City Daily Appeal, February 10, 1912

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# ORDER TO SHOW CUSE WHY RECEIVER SHOULD HOT PAY TO ESMERALDA COUNTY, NEVADA, A SPECIAL DEPOSIT Upon reading and filing the verified petition of Esmerella County, Nevada, and on motion L. Emn Walsh, District Attorney of county, it is ORDERED that Frank L. Wilde Receiver of the State Bank and Trust Company, a corporation, show cause at the Court House in Carson City, Nevada, on the 11th day of March, A. D. 1912, at the hour of 10 o'clock a. m. of said day, or as soon thereafter as counsel can be heard, why the sum of $4.870.03, alleged to have been received by said State Bank and Trust Company from Esmeralda County, Nevada, as a special deposit, should not be made a preferred claim and paid to Esmeralda County as such. It is further ordered that a copy of this order, together with a copy of said petition, be served upon Frank Wildes, Receiver as aforesaid, at least 20 days before the hearing, and that a copy of this order be published in the Carson Appeal for the period of 15 days, before the day of hearing. Dated February 5, A.D. 1912. FRANK P. LANGAN, District Judge. J. EMMETT WALSH, District Attorney of Esmeralda County, Nevada, Attorney for Petitioner. First publication, Feb 9, 1912 Last publication, Feb. 27, 1912


Article from Carson City Daily Appeal, March 25, 1912

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# The State of M. Sullivan Trust Company, a corporation, Greeting: You are hereby required to appear in an action commenced against you as defendant by Frank L. Wildes as receiver of the State Bank and Trust Company, a corporation, as plaintiff in the First Judicial District Court of the State of Nevada, in and for the County of Ormsby and answer the Complaint therein within ten days after the service on you on this Summons (exclusive of day of service), if served in said county, or twenty days if served out of said county, but within said District, and in all other cases forty days; or judgment by default will be taken against you according to the prayer of said complaint. This action is brought to recover judgment for the sum of $284,955.79 together with interest on $100,000.00 thereof from December 12, 1906, at the rate of one per cent per month: interest on $18,302.00 thereof from June 5, 1907 at the rate of one per cent per month; and interest on $161,058.13 thereof from June 5, 1907 at the rate of one per cent per month; interest on $3,583.04 from August 5, 1907 at the rate of one per cent per month; and interest on $1352.63 from August 19, 1911 at the rate of one per cent per month; together with five thousand dollars as attorneys fee, on the ground that the defendant, L. M. Sullivan Trust Company made and delivered to the State Bank & Trust Company, a corporation, its certain promissory notes in writing, one for the sum of $18,302.00 dated June 5, 1907: one for the sum of $161,058.13 dated June 5, 1907: one for the sum of $3.583.04 dated August 5, 1907, all of which said promissory notes bear interest at the rate of one per cent per month, and none of which have been paid nor any part thereof, nor the interest thereon, which said promissory notes are now owned and held by the plaintiff


Article from Carson City Daily Appeal, September 3, 1912

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DIVIDEND A IS DECLARED Receiver Frank Wildes of the State Bank & Trust Company has declared a ten per cent dividend. payable to the depositors. The coin in this case, or a considerable portion of it, is the result of the late compromise in the Director smit. Mr. Wides at the conclusion of the : as stated that he would send the money Out to the depositors. He has kept ins word on this score. This makes tewenty cents on we dollar that has reached the Jepost of J. and Mr. Wildes has hopes that a considerable additional amount will eventually be paid those who apparantly lost all when the bank closed its doors. Some of the assets that looked hopeless are now showing values. The paying of the ten per cent dividend at this time will be ap preciated by the many who need the money.


Article from Carson City Daily Appeal, July 23, 1914

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# Circulating Petition A. W. Briggs of Tonopah came over from the silver camp this morning to circulate a petition for the removal of Frank Wildes as receiver of the State Bank and Trust company. This movement was started in Carson two or three weeks ago and the petition has been liberally signed by depositors in the defunct institution. The petition asks for the appointment of former Governor Jewett W. Adams in the event of the removal of Wildes from the receivership.-Goldfield Tribune.