1.
October 24, 1907
The Salt Lake Herald
Salt Lake City, UT
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LEASES CLOSED DOWN. Funds of the Companies Tied Up in the State Bank. (Special to The Herald.) Goldfield, Nev.. Oct. 23.-The lost ore shoot in the Sandstorm, from which Loftus and Davis and A. H. Mayne took $400,000 three years ago, is believed to have been recovered in a lease on the Loftus and Davis block by Webb Parkison and Peter Erbel. Four feet of ore has been opened which runs from $60 a ton to $8,000. The ore was encountered in the footwall of the Glory Hole within forty feet of the surface. Business on the local stock exchange suffered because of the suspension of the State Bank & Trust company, and trading was the worst in the history of the exchange. The Baby Florence and Mohawk ledge leasing companies operating leases on the Florence and Jumbo Extension, respectively, were forced to close down. as their funds were on deposit at the State bank. Tom Lockhart, manager of the Jumbo Extension and Florence, readily agreed to give the companies an extension of time to cover the period of enforced idleness. There were no breaks in prices but trading was light. The two exchanges formally ratified the consolldation at a meeting held last night.
2.
October 25, 1907
Carson City Daily Appeal
Carson City, NV
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TONOPAH AND GOLDFIELD Banks Recive Shipment of Coin. No Fear is Evident GOLDFIELD, Oct. 25.-No fear is felt in this city as to the ability of the local banks to meet all obligations when their doors are again opened to business. A special train loaded with over a half million in coin reached this city yesterday consigned to John S. Cook and Company bank from the Crocker-Woolworth bank of San Francisco. Other banks here have received sufficient coin to cover the amount of their deposits should a run be made on the institutions when they are open up again The general impression also prevails in this city that the State Bank & Trust Company is solvent and will be able to pay dollar for dollar to their depositors. The State Bank in this city is now in the hands of Claude Inman and his deupties who are guarding the treasure vaults by order of the court. All the banking houses are closed in this city in pur snance to the proclamation declaring a holiday. Full forces are at work in all the banks getting everything in readiness when the time comes to open the doors again. D. Mackenzie of D. Mackenzie & Company today announces that while the is at present the largest depositor in the State Bank that he has perfeet confidence in the management and is willing at any time to increase his deposit another $300,000. He departed for San Francisco yesterday where he wil' meet President Rickey of the bank and make his offer of assistance to him. TONOPAH, Oct. 25.-All the banks in this city have announced to the public that they are in a position to pay depositors their money at any time. While the Governor's procla mation declaring a holiday for three days has closed the institutions for the time being they will open up for business Monday morning, and be prepared to meet any emergency that is with the exception of the State Bank & Trust company. The Tonopah Stock Exchange and all the banks signed a telegram yes terday to President Ruggles of the San Francisco Board as follows: "Every bank in Nevada is closed by proclamation of the Governor. We urgently request that you close your exchange during this enforced holiday and stop this merciless slaughter." This was sent after the receipt of
3.
October 26, 1907
Seward Weekly Gateway
Seward, AK
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Goldfield' Bank Suspends Goldfield, Nev., Oct. 23-The State Bank & Trust Company of this city closed its dors this morning.
4.
October 30, 1907
The River Press
Fort Benton, MT
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Nevada Banks Closed. GOLDFIELD, Nev., Oct. 24.-A bauk holiday throughout Nevada was declared today, lasting five days. All the banks of Goldfield today were closed in consequence. The proclamation came as a great relief to local banks. The State Bank & Trust company had already closed its doors. At noon yesterday, a big run was in progress at the Nye & Ormeby bank when banking hours closed and the run probably would have continued this morning had the bank opened.
5.
November 2, 1907
The Goldfield News
Goldfield, NV
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SULLIVAN PROPERTIES The tribulations of the State Bank & Trust company can have but little effect upon continued development of the mine holdings here of the L. M. Sullivan Trust company of which T. B. Rickey of the suspended institution is presi-
6.
November 6, 1907
Carson City Daily Appeal
Carson City, NV
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Considering Outside Help GOLDFIELD. Nov. 5.-There was a meeting of the depositors of the State Bank & Trust Company yester day and a motion to appoint a committee of five to investigate the af. fairs of the bank was voted down. The motion to accept the proposition of the bank to pay all depositors in a year at three, six, nine and twelve months, ten, twenty, twenty and fifty per cent was carried by a large major ity. The opposition came from the Nagle end. which wanted a receiver appointed. The faction will meet tomorow afternoon to consider the proposition of the Farmers' and Merchants' bank to take over the affairs of the bank. but not much stock is taken in the proposition.
7.
February 21, 1908
The Salt Lake Herald
Salt Lake City, UT
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TALK OF RESUMPTION. Depositors of the Goldfield Branch Appear Tractable. Goldfield, Nev., Feb. 20.-The prospects for an early resumption of business by the State Bank & Trust company are better today than at any time since its suspension. The reorganization committee which has been in Goldfield met today with the directors of the chamber of commerce, and the latter, after a careful investigation of the plan proposed, endorsed it by resolution and pledged the support of that body toward getting the unsigned depositors on the resumption agreement. Last night a public meeting was held here by depositors and was largely attended. The reorganization committee explained the proposed plan of resumption, and after a lengthy discussion the plan was approved by an unanimous vote. By this plan D. Mackenzie will finance the institution, the depositors agreeing to accept payments in installments covering a year.
8.
May 22, 1908
Weekly Independent
Elko, NV
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# POLITICAL HENCHMAN
# MADE RECEIVER
The depositors of the State Bank & Trust Company are not likely to grow wildly enthusiastic over the appointment of the receiver named yesterday by the district court. As one man expressed it, the court would have done better by turning over the shattered remains of the assets to Mr. Thomas B. Rickey and allow him to distribute what he pleased. There is no reflection on the personal-honesty or integrity of the appointee, but another, man not so intimately associated with the political cabal at Carson City would have suited the people a great deal better. The receiver has been Deputy State Treasurer, whose employer is largely responsible for the delay in the appointment of a receiver. It has been shown by testimony in three counties that the State Treasurer had some kind of an understanding with Rickey at the time of the failure by which the State was guaranteed payment in full, or granted protection to cover the deposit of the State funds that was not extended to other depositors. This fact was established so clearly to the satisfaction of the Grand Jury of Esmeralda county that the system came in for scathing comment. Now that the court falls into the same error it can not expect to have the indorsement of the people whose funds have gone to pay off the large depositors, and through whose settlements Rickey boasted that he had cleaned up a nice fortune.
The settlement of the receivership of the State Bank & Trust Company's affairs is likely to be prolific in scandal, and no one will look for any record-breaking haste in effecting settlements or realizing upon the frayed out assets. —Goldfield Tribune.