John S. Cook bank - Goldfield, NV

Bank Information

Episode Type: Run Only
Bank Type: private
Start Date: February 23, 1909
Location: Goldfield, Nevada (37.709, -117.236)

Metadata

Model: gpt-5-mini
Short Digest: 67826fcc

Response Measures

Accommodated withdrawals

Description

Article (Carson City Daily Appeal, 1909-02-23) describes a 'terrific run' on the John S. Cook bank in Goldfield triggered by a report that it had been robbed by counterfeit checks (~$12,000) and by knowledge of troubles at other Golden-controlled banks. The Cook bank withstood the withdrawals, received cash en route, and remained open. No suspension or receivership is reported. Bank type not specified in article.

Events (1)

1. February 23, 1909 Run

Cause: Rumor Or Misinformation
Cause Details: Report circulated that the bank had been robbed by counterfeit checks for $12,000, and news of distress at Golden-controlled banks increased withdrawals.
Measures: Mustering resources and arranging cash shipments (cash en route) to meet withdrawals; directors and officials on alert.
Newspaper Excerpt: In Goldfield, the John S. Cook bank withstood a terrific run after the report of its being robbed by counterfeit crecks of $12,000 got out
Source: newspapers

Newspaper Articles (1)

1. February 23, 1909 Carson City Daily Appeal Carson City, NV

Article from Carson City Daily Appeal, February 23, 1909

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Article Text

TONOPAH, MANHATTAN GOLDFIELD AND RENO BRANCHES INVOLVED CARSON BANKS STILL OPEN AND BOTH DECLARE THEY ARE SAFE FROM RUNS WE'LL PAY DOLLAR FOR DOLLAR'. G. T. MILLS Every bank in Nevada in which Frank Golden is in control. with one exception, closed its doors today. Every other bank in Reno. Tonopah, Goldfield. Manhattan Bull frog and Carson City withstood a run on its cash deposits. Like a cyclone. depositors descended upon the banking institutions of the state and without rhyme or reason demanded their money. Rumors thick and fast flew over the state and before noon the Nye & Ormsby County Banks in Tonopah, Manhattan and Reno had closed. The First National of Goldfield. the reorganized Nye & Ormsby County Bank of that city it reported to have closed also. At Reno the bank doors were open but no business was done. neither deposits being taken nor checks cashed. Checks on the Nye & Ormsby were refused all over that city whenever offered. The other Reno banks were paying out all day, and while most of them received deposits throughout the day, every director and official was on the qui vive and mustering resources. In Goldfield, the John S. Cook bank withstood a terrific run after the report of its being robbed by counterfeit crecks of $12,000 got out and the condition of the Golden banks become known. In Tonopah the Nye & Ormsby branch and every other bank was busy. All remained open except the branch. and Golden himself passed through there early bound north and he is to arrive in Reno tonight. It is less than two years since the Frank Golden banks were compelled to suspend payment on account of the failure of the State Bank and Trust Company, and since that time Frank Golden has moved heaven and earth to reorganize his banks and secure them. Only one of those in which he is interested. the First National at Carson City stood up today. It is impossible to learn what has caused the general withdrawal or what has caused the embarrassment of the Frank Golden banks. Bank Examiner Hofer said this evening that he is unable to account for the run on the banks and that he does not understand what has happened to the closed banks. in the absence of any direct notices from any of them. In this city both the First National. a Golden Bank, and the Car son Valley Bank. a Kirman bank, withstood runs and announce that they will be able to withstand any runs made tomorrow. Both have received word of cash en route. to arrive in the morning and both are confident that they will not be campelled to close.