Nye & Ormsby County Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 2, 1912
Location: Goldfield, Nevada (37.709, -117.236)

Metadata

Model: gpt-5-mini
Short Digest: 954d4bc8

Response Measures

None

Description

Article (Daily Independent, 1912-05-02) refers to the 'receiver of the defunct Nye & Ormsby bank' and describes assets in custody of a receiver. No run or temporary suspension is described in the text — only that the bank is defunct and a receiver holds property. I therefore classify this as a suspension/closure with receiver assigned (suspension_closure).

Events (1)

1. May 2, 1912 Receivership

Newspaper Excerpt: the gold spike ... had been intrusted by E. O. Patterson, receiver of the defunct Nye & Ormsby bank. ... The spike has remained in the hands of the receiver who desires to realize the amount due the bank ... had it tested at the mint.
Source: newspapers

Newspaper Articles (1)

1. May 2, 1912 Daily Independent Elko, NV

Article from Daily Independent, May 2, 1912

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Article Text

GOLDEN SPIKE WAS HOCKED BY RAILROAD MANAGER A forcible reminder of Railroad day. Goldfield's first notable celebration, was received there this week upon the arrival of the gold spike which was used to mark the completion into Goldfield of the Tonopah & Goldfield railroad and which had a varied and somewhat remarkable history before being sent to Milton M. Detch, to whose care it had been intrusted by E. O. Patterson, receiver of the defunct Nye & Ormsby bank. The spike is now on exhibition in the window of the Tribune. It is made of gold from the Red Top mine, weighs eleven and four-fifths ounces and is valued, by tests made at the United States branch mint at Carson City at $238.65. Mr Detch made the address of presentation when the golden spike, of full size used on standard guage roads and of pure gold. was given into the custody of Alonzo H. Tripp as general manager of the railroad. It appears that Manager Tripp later found himself in need of funds and "hocked" the spike to the Nye & Ormsby County Bank for the sum of $250. The spike has remained in the hands of the receiver who desires to realize th e amount due the bank and in order to determine its exact value had it tested at the mint.