1.
October 24, 1907
The Montgomery Advertiser
Montgomery, AL
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Goldneld Bank Closes. Goldfield, Nev.. Oct. 23.-The State Bank and Trust Company closed its doors at 11 a. m. today. Notice posted on the doors say that the suspension is on instructions from the home bank at Carson City and is due to the heavy drain on deposits the last few months, following the labor troubles, and the inability to make collections. The notice further saye that the resources are ample to pay the depositors In full. it is generally believed that suspension of the Goldfield institution was due wholly to the difficulty that beset its sister bank in another city controlled by T. B. Bricker, who is the head of the reorganized Sullivan Trust Company.
2.
October 25, 1907
The Birmingham Age-Herald
Birmingham, AL
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All Banks Closed for Holiday. Goldfield, Nev., October 24.-All of the banks of Goldfield were closed today in consequence of the governor's proclamation declaring a holiday. The proclamation came as a great rellef to local banks. The State Bank and Trust company had already closed its doors. At noon yesterday, a big run was in progress at the Nye & Ormsby bank, when banking hours closed and the run would probably have contin ed this morning, had the banks opened. A run was also anticipated upon the third bank. that of John S. Cook & Co., on which a slight run started a few days ago. The Cook bank received $500,000 today from the Crocker & Woolworth bank at San Francisco, its depository. The Cook bank reported an adequate cash balance of $1,000,000, but as the consolidated dividend of $338,000 is to be paid out of this bank on Friday, the 25th, the bank today took the extra precaution of drawing on its outside surplus. The Goldfield Consolidated stock exchange has suspended calls for three days.
3.
October 26, 1907
Tonopah Daily Bonanza
Tonopah, NV
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SOON WILL OPEN BANKS Efforts Being Made jo Devise Which Some Method By Institutions Can Financial Resume Business. John W. Langley, who came in from Reno yesterday, stated that a capitalist of that city had told him t hat Mr. Rickey would lend his financial aid to the banks that were unde i his control. As the days go by, the feeling becomes stronger that the State Bank and Trust Company will resume in a few days, and pay its de positors dollar for dollar. An attempt was made yesterday in Goldfield to have a receiver appointed for the State Bank and Trust Company, but Judge Langan threw the motion out of court for the rea son that a proper showing had not been made. A telegram was also received by Judge Langan from Attorney General Stoddard asking him hen he could be at Carson to hear the application of the Bank Commis sioners in the matter of appointing a receiver for the State Bank. His honor also received a telegram from T. B. Rickey, asking him to defer ac tion in the matter, as he did not think that the appointment of a re ceiver would be necessary, the probability being that the bank would re sume. The law in the case of a receiver is that the State Bank Examiner shall examine the affairs of a bank and report to the Bank Commissioners, comprising the Governor, Secretary of State, and the State Treasurer, as to the solvency of the concern. If the bank is found to be insolvent, the Bank Commissioners make application to the courts for the appointment of a receiver. A number of the largest depositors of the State Bank and Trust Tonopah's New Fire Apparatus Arrives Company met yesterday for the purpose of extending all the aid posnew hose. and there are in all 3500 Tonopah's new fire wagon arrived the door of the Bonanza, and there sible to the bank. It was agreed that they would accept the bank's feet of hose in the town. here yesterday, and was out on dress was quite a crowd gathered to view paper for ninety days, and that they would put in more deposits. The parade in the afternoon, with Chief The city has now a fire department the apparatus. Then Chief Jack depositors then got out with a petition to this effect, and had secured McKenzie on the box. It is a very showed the crowd how the steeds and an apparatus of which it may last night a great many more names of depositors. fine ornament to the fire house as well be proud. There are six hose could go. He turned them into St. In this city there is not the htest doubt expressed as to the State well as being one of the most efleccarts, besides the wagons, strateticPatrick street and clanged the gong. Bank opening, and fulfilling all its obligations. There is not a depositor tive combination engines and hose ally placed about the town. and if a The grays were off like a shot. and who has evinced any feeling of unea siness. took the hill like an automobile wagons in existence. It is all steel, fire should ever get away from the There have been rumors to the effect that there would be a general fire laddies, it will not be the fault and is painted red. as all well regucharged with boom excitement. If re-opening on Monday, but the more conservative men are not so santhere had been a fire then there lated fire wagons should be. There of the chief and his gallant corps. guine as to that. Each bank here is one of a string of banks, and the Chief McKenzie drove his two chargwas in the body of the wagon, neatly wouldn't have been a thing done to gathering in of the reserves takes ore time than if there were but one it. coiled. one thousand feet of brand ers. with the wagon attached, up to bank to consider. The news from oldfield is to the effect that the John S. Cook bank will resume on Monday but for the matter of that the Wingfield and Nixon banks did not want to close in the first place. They ave in their Tonopah, Goldfield and Rhyolite houses more than enough n cash to pay all their depositors. The officers of the Nye and Ormsby County banks have not yet declared when they will be ready to re same. When they do resume, they SCHWAB, WHO'S WHO? (Continued on Page Four.) ELECTS DRISIDETTY PLAGUE
4.
October 26, 1907
The Goldfield News
Goldfield, NV
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SHOT TO PIECES No Calls on Goldfield Exchange But San Francisco Market Shows Declines All Along the Line With Consolidated at $4 The stock market opened up weak on Monday morning with $5 bid for Consolidated and Florence going at $2.75, seller ten. Consolidated had declined ten points by Wednesday as a result of the financial upheaval in New York and the general scarcity of money. The suspension of the State Bank and Trust company put the finishing touches on the market and in view of the unsettled condition of affairs the board of managers of the Consolidated Stock Exchange ordered an adjournment of the board's sessions from Thursday until next Monday. The governor's proclamation declaring a legal holiday to permit the banks throughout the state to get their affairs in shape for any emergency that might arise in consequence of the general financial unrest, of course prevented any further trading in stocks even had the exchange remained in session, as neither brokers nor investors could obtain funds to do business with. The physical condition of the mines in the Goldfield district was never better and considerably more than half a million dollars has been paid out in dividends during the present month. A genuine and sensational strike on the Syndicate block on the Florence should give strength to that stock, when business is resumed on the exchange. A strike on the Sandstorm property has caused a revival of interest in that old time producer and may cause an upward movement in the stock of that company. The local brokers, however, have little expectation of a strong, or even an active market until the money situation in the East has again reached a stage approaching the normal. In San Francisco Friday, Consolidated sold down to $4. The San Francisco quotations are all that are available and are given below.
5.
October 31, 1907
The Alaska Prospector
Valdez, AK
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Oct. Goldfields, 25-Michael Kennedy attacked Andrew Larsen a resident of this piace last night with a knife, and was shot by Mrs. Larsen. Kennedy is dying. Goldfield, Oct. 25-The Sta e Bank and Trust Company closed its doors yesterday afternoon, because the branch banks at Carson, Manhattan, Tonopah and Blair, were unable to make collections sufficient to withstand the run on the main bank. Vancouver, Oct. 25-The Empress of China sunk at the dock here last night. leaving only her masts above water. She listed while taking on a load of coal and went under. Her cargo is flour, which will be a total less aggregating $1,000,000. Fort Leavenworth, Oct. 25During the dedication of the Young Men's Christian Association building, which was a gift from Helen Gould, the troops saluted the young lady as they passed in review before the stand. This is the first salute offered to a woman by the troops of the United States. Miss Gould was much affected. Milwaukee, Oct. 28-A committee has been appointed by the telegraphers union to confer with the companies regarding a peaceable settlement of the strike.
6.
October 31, 1907
The Alaska Prospector
Valdez, AK
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Goldfields, Oct. 25-Michael Kennedy attacked Andrew Larsen a resident of this place last night with a knife, and was shot by Mrs. Larsen. Kennedy is dying. Goldfield, Oct. 25-The Sta e Bank and Trust Company closed its doors yesterday afternoon. Decause the branch banks at Carson. Manhattan, Tonopah and Blair. were unable to make collections sufficient to withstand the run on the main bank. Vancouver, Oct. 25-The Empress of China sunk at the dock here last night. leaving only her masts above water. She listed while taking on a load of coal and went under. Her cargo is flour, which will be a total loss aggregating $1,000,000. Fort Leavenworth, Oct. 25During the dedication of the Young Men's Christian Association building, which was a gift from Helen Gould. the troops saluted the young lady as they passed in review before the stand. This is the first salute offered to a woman by the troops of the United States. Miss Gould was much affected. Milwaukee, Oct. 28-A committee has been appointed by the telegraphers union to confer with the companies regarding a peaceable settlement of the strike.
7.
November 2, 1907
The Goldfield News
Goldfield, NV
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# THE OUTLOOK BRIGHTENING
HE FINANCIAL situation in Goldfield is not nearly so bad as it appeared to be at this time last week. During the interim a banking holiday has been in effect pursuant to a proclamation of the governor last Monday extending the enforced holiday a week longer; meanwhile the banks have had a chance to check up their affairs and make a turn for ready cash, in anticipation of re-opening.
As a result, the announcement is made that the State Bank and Trust company and the Nye and Ormsby County banks will resume business on the termination of the holiday. Whether this prediction will be fulfilled as to the date of opening, remains to be seen; but that the banks are solvent and will resume at some date not remote is fully established in the public mind. The John S. Cook & Co. bank opened on Monday last and has continued to do business, with money for every depositor. Its deposits have been much greater than withdrawals.
The progress of events throughout the country the past week has fully sustained the assertion made in these columns in our last issue, that the closing of local banks was not due to local conditions and that the trouble was not inherent with Goldfield. At the time that statement was being put into print, New York banks were adoping the clearing house certificate plan because of the scarcity of cash. Chicago followed soon after; Denver resorted to the same expedient, and the banking houses agreed among themselves to pay no one depositor more than $100, which was practically the same as suspending all payment. Portland fell into line, and the governor of California declared a banking holiday, to prevent disaster to the banks of that state.
The trouble seems to be too much credit for the actual coin in the country. The country has had a period of unprecendented prosperity, which gave rise to an inflation in business and in prices. With business swinging along under a tremendous impetus, banks loaned money right and left. The stock markets of the country were booming; prices were double what they had been a year before, and the banks loaned money on securities at these high prices. Finally when the government began to attack the integrity and legality of some of the larger railroad and industrial corporations, stocks commenced to decline. The decline continued with an increasing ratio, until slam-bang, and the bottom was out. The banks had millions tied up in these stocks and securities, and they could not turn them into money and depositors were clamorous. The condition became acute. New York was in panic. The trouble in Wall street naturally affected every other banking center in the country, for their reserves were in New York banks; and through the trouble in the lesser centers, the smaller communities were affected. San Francisco banks were in close relation with New York; Goldfield and other Nevada communities had there reserves in San Francisco. When New York closed down on San Francisco, the latter closed down on Goldfield. San Francisco had always carried large reserves for Goldfield, and the banks of this place never failed to get all the cash they required on securities in the San Francisco market. But when the pinch came some days ago, and local bankers rusher into the San Francisco market with their securities, there was "nothing doing." Not because of the quality or the quantity of the security offer, but San Francisco did not have the cash-not even the cash for her own business as was subsequently shown in the closing of the California banks through the expedient of a banking holiday. Money could not be raised on Nevada state paper, even, and there is no state in the Union whose paper is better than Nevada's. Nevada is not a borrower. She is not in debt; in fact this state is a loaner of money. She is loaner to the amount of thousands and thousands of dollars to the imperial state of Massachusetts, for instance, in whose school bonds Nevada has invested to heavy extent.
The business of the country has been sailing along in an airship on unlimited credit. We are now on earth again and back to a cash basis, but find all at once, that there is not enough cash in the country to go around. It's like the quilt that is too small to cover all the sleepers in a bed. Pulled back and forth it always leaves some of the sleepers in the cold. The money blanket is too small for the country.
There is relief in sight. The United States treasury is pouring millions of money into banking channels. Gold in other millions is coming from abroad; the government has given orders for the San Francisco mint to coin still other millions from Nevada and California gold ores. Fortunately Nevada has the ore and it is ready for the mine. Goidfield has a million dollars worth of ore at the samplers; she has another million on the dumps, and several other millions in the mines standing or broken in the workings.
Conditions are not going to right themselves at once. It may be several months before the country again gets squarely on its feet, but in the meantime Goldfield will improve. Times will begin to get better from the day the banks open. Already there is evidence of a turn in affairs, and within a few months we will be swinging along at a good pace, not the pace that kills, as we witnessed at one period, but at a good steady gait that gets there all the same.
8.
November 4, 1907
Los Angeles Herald
Los Angeles, CA
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DEPOSITORS IN NEVADA BANKS EXPRESS THEIR CONFIDENCE By Associated Press. GOLDFIELD, Nev., Nov. 3.-In order to allow depositors to sign the agreement providing for gradual withdrawals, the doors of the local branch of the State Bank and Trust company will be thrown open tomorrow morning and the bank will receive depositors all day. No other business will be transacted. On. Tuesday morning the bank will probably reopen for business. The agreement with depositors is being signed in all the branches by practically a unanimous vote and no friction is anticipated here, as otherwise receivership proceedings would ensue.
9.
November 5, 1907
Tonopah Daily Bonanza
Tonopah, NV
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VOTE WITH RICKEY IN GOLDFIELD GOLDFIELD, Nov. 4.-There was a meeting of the depositors of the State Bank and Trust Company and a motion to appoint a committee of five to investigate the affairs 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 majority. The opposition came from the Nagle'end, which wanted a receiver appointed. This faction will meet tomorrow 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.
10.
November 9, 1907
The Goldfield News
Goldfield, NV
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PREDICTS PERIOD OF INCREASED PROSPERITY D. Mackenzie, who is probably the "With the crisis passed there will be heaviest Goldfield depositor in the susa rapid return of confidence. The prespended State Bank and Trust company, ent financial stringency, or panic, will is not losing any sleep over the fact prove of immense advantage to the that he has nearly half a million tied country at large. Speculation has beup in that institution, or over the gencome so wide in its scope that a sobereral financial stringency that prevails ing influence was absolutely necessary throughout the country at this time. to bring the country to a realization of In fact Mr. Mackenzie takes a very sane what might occur if things went on as they were. I look for a gradual and and optimistic view of the situation and complete return of confidence and before predicts an early return to normal conthe end of next week a normal basis ditions, followed by a period of inwill be reached and that a condition of creased prosperity. He not only believes the greatest prosperity, along sane, safe that the local banks will reopen and pay and conservative lines, will place the dollar for dollar, but he is firmly of the country on a firm financial footing and opinion that the crisis in financial and industrial circles everywhere has been in line for a period of the soundest prosperity. passed and that the threatened smash"In regard to the local situation, I ing of business and money institutions look for a rapid improvement in busineed no longer be feared. Speaking of ness, with a broadening stock market. the recent financial upheaval and the I do not think anyone will, of necessity, prospects of an early resumption of lose a dollar through either of the two business along normal lines, Mr. Macbanks that are closed. These banks kenzie says: "I think that before the close of the will reopen in a few days and I expect that there will be a rapid return to the coming week, the crisis, not only in old conditions, when money in unlimited Goldfield but throughout the country, quantities was available for the developwill have passed. Even at the present ment of meritorious mines, leases and time there is a pronounced break in the prospects in the Goldfield district. With clouds as is evidenced by the advance in the return to normal conditions the stocks and kindred securities and the public will soon realize what the present increased volume of trade in all marenormous production of ore means to kets, and also the fact that there have been no failures of banking or financial Goldfield, Nevada and to every industry therein." institutions, or even a run on any bank.
11.
February 21, 1908
Los Angeles Herald
Los Angeles, CA
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PROSPECTS ARE GOOD FOR OPENING BANK Reorganization Committee and Directors of Chamber of Commerce cf Goldfield Take Steps for Resumption By Associated Press. GOLDFIELD. Nev., Feb. 20.-The prospect for an early resumption of business by the State Bank and Trust company is 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, indorsed it by resolution and pledged the support of that body toward getting the unsigned depositors on the resumpNon agreement. Last night a public meeting was held here by the depositors and was largely attended. The reorganization committee explained the proposed plan of resumption and after lengthy discussion the plan was approved by a unanimous vote. By this plan D. Mackenzie will finance the institution, the depositors agreeing to accept payments in installments covering a year.
12.
February 22, 1908
Tonopah Bonanza
Tonopah, Butler, NV
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When Shaw finished his address, were present at the meethe submitted to questions from the ut two hundred depositors, audience. These were slow in conirman Shaw of the Rehabiliing at first, but soon there was a ommittee explained that Sam nited States District Attorbombardment. I Cashier Davis of the State Somebody wanted to know how d Trust Company, were abthe securities stood, and Mr. Shaw the reason that there had said that the bank could lose $400,reak down of the automobile 000 more and still break even. This rought the party from Goldwas, of course, on the proposition of The mishap occurred about the stock market going up. They es out of town, and Mr. Shaw wanted to know where the advantage e rest or the way into town. lay in appointing Mackenzie a reShaw explained that Rickey ceiver, without bonds, and having a no wise connected with the receiver appointed who would give movement. which had for its bonds and be answerable to the the signing of an agreement court. To this Shaw replied that depositors, which would give Mr. Mackenzie was not going into trol to Donald Mackenzie, the bank as a receiver. He would be S the only one of the deposimade president, and would appoint o had been found willing to as directors local men in the town ke the reorganization of the where each agency exists. Ultimate of the bank, by putting up ly, the chain of banks would be ranteé that the promises of broken. and they would all become would be carried out. separate national institutions, with sonally, I have no use for the exception, perhaps, of the Mannt Rickey," said Mr. Shaw, hattan and Blair branches, which W him best when I punched would probably be discontinued. As r him in Mono county seven far as Mackenzie putting up bonds, go, when I learned that he was he not going to put up $150,000 man thoroughly unworthy of in securities in the John S. Cook We have nothing to do with bank at Goldfield? secution that has been inaug"Is there anything to stop Macexcept that if we can aid it kenzie from dominating the banks way, our services are at the as Rickey did?" was asked. "Is there d of the prosecution. I beanything to prevent him from sellat there are honest men coning all the securities in the first 90 with the bank. who are in days?" responsible for the present "Do you mean is there anything on of the bank: but I think to stop Mackenzie from turning pire law is reaching in the right ate." replied Shaw "Well, there n." will be the board of directors at each speaker then reviewed the bank. and you don't suppose that of the stockholders at Carthey will all become felons." d showed up former Presi"What is Mackenzie's business? ickey in anything but an enwas asked. light. He said that he went He is a mine operator." with the proper credentials His letter heads say that he is a ered him $100,000 if he would stock broker," came from another e guarantee that he would source. the depositors safely out of Possibly," returned the imper edicament that he had placed turable Shaw. "I believe that stock n. and pay dollar for dollar. and mines are the principal business is Rickey would not do. As a of this country." of his refusal, there was a "After this 10 per cent is paid, ttee, comprising himself, Diqueried R. P. Dunlap, "is there any Mapes and Wils Brougher, thing looking to the further capital ted by the stockholders to do ization of the bank?' st that they could. The comThere is in coin $87,000 in the took Mackenzie, who had gone banks. and this will not be touched son to do all the harm that he into its confidence, and with to pay the 10 per cent. All that ca be taken in in the ordinary channel nade an examination of the branch Mackenzie then deof business will go to pay the res of the money due to the depositors that if the stock of the bank turned over to him that he The stock of the State Bank, or 9 undertake to pay the deposiper cent of it, is the remuneration ollar for dollar. Behind this for the man who saves the institu tion." ient, Mr. Shaw said. was Wils "Then we will have a bank with her, one of the directors.
13.
March 14, 1908
The Goldfield News
Goldfield, NV
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REHABILITATION IS NOT YET IN SIGHT A crisis is approaching in the affairs of the suspended State Bank and Trust company. The receivership question will undoubtedly be settled within a day or two. While the rehabilitation committee has put forth every effort to secure the signatures of all depositors to an agreement to accept their monep in installments, they have been unable thus far to make their point, owing to many of the depositors being away, It develops that Mr. Mackenzie made a more liberal offer than the one first quoted. A member of the rehabilitation committee gives out that Mr. Mckenzie agreed to not only deposit a sufficient amount to meet the first installment, $150,000, but also arranged to deposit a fund of $100,000 for the payment of accounts of such depositors as had not signed and who insisted upon withdrawall of their accounts. The expected resignation of State Bank Examiner Miller took place this week. That official states that he was powerless to handle the situation, because nearly every act he took with relation to the State Bank and Trust company was rescinded by the state bank commission. There is a lively scramble for Mr. Miller's vacated position.
14.
April 9, 1908
Carson City Daily Appeal
Carson City, NV
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AFTER COUNTY FUNDS The Goldfield Tribune states that the district attorney of that county has been instructed to begin procfeedings against the State Bank and Trust Company to recover the $15.000 deposited in the bank by the county Proceedings will be brought against directors, President Rickey and a also the casheir of the bank. The district attorney will also demand of the court that a receiver be appointed immediately or the bank resume operations on a strictly solvent basis. How soon the district attorney will take action in the matter is not known but the commissioners of Esmeralda declare they will get the funds belonging to the county out of the bank before their term expires at any cost.
15.
April 11, 1908
The Goldfield News
Goldfield, NV
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COUNTY SUES FOR MONEY The board of county commissioners of Esmeralda county passed a resolution this week instructing the district attorney to enter suit against the State Bank and Trust company for the recovery of a special deposit of $4,870.03 and for the balance of the county money deposited in the suspended institution, amounting to about $15,000. The charge of embezzlement will be brought against the officials of the bank.
16.
May 23, 1908
The Goldfield News
Goldfield, NV
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STATE BANK RECEIVER IS APPOINTED Judge Langan Names Deputy State Treasurer Frank Wildes to Take Charge of the Defunct Institution Monday Judge Langan, in a session of the district court heard the demurrer to the appointment of a receiver in the case of the State Bank and Trust company, which suspended last October. The judge announced that he would appoint a reciver at the afternoon session of the court. At the afternoon session Frank Wildes, deputy state treasurer, was appointed by the judge to fill the position of receiver for the bank. It is believed that eventually the bank will be able to pay 50 cents on the dollar. Many attempts have been made to reopen the institution, but wrangling among the directors and stockholders has preventel any action that might have righted the matter. All of the directors and a number of the officials of the defunct bank are under indictment on charge of embezzlement. Wildes is not related to President Rickey, though he has been very close to the president during the present troubles of the bank. He is a brotherin-law of James Kincaid of Virginia, Nev., is reported to be a heavy depositor in the bank and has been very close to state officials. The news of his appointment came as a rude surprise to many of the depositors here.
17.
June 27, 1908
The Goldfield News
Goldfield, NV
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IS Morton S. up E. cisco. Frank M. Ish is visiting in San Francisco. J. Casey McDannell has returned to the coast. Luther Campbell is spending a few days on the coast. Wiliam O. Robe of Goldfield is visiting in New York City. Dr. Von Wedelstaedt has returned from a trip to the coast. Edward M. Fowler of New York City is a visitor to Goldfield. Mr. and Mrs. Frank Pyne of Tonopah have come to Goldfield to reside. J. E. Cox is spending a few days in San Francisco on mining business. M. L. Maedonald, the well known mining man of Tonopah, is in town. Mr. Coote of Codd & Coote has returned from a visit to eastern cities. S. M. Warmbath of Bond & Co. is spending a few weeks in San Francisco. W. M. Gotwaldt of The News has re: turned from a flying trip to San Francisco. Warner Miller and Dan Edwards, mine promoters of Reno, are spending a few days in camp. David Keith, a multi-millionaire of Salt Lake City, registered at the Hotel Goldfield this week. W. A. Miller, vice president of the Nat C. Goodwin company, was a visitor from Reno this week. Editor McCraney of the Manhattan News visited Goldfield this week. He accompanied Governor Dickinson. Wm. M. Erb, secretary of the Mine Operators' association, is spending a few days in San Francisco. Mr. and Mrs. J. E. Hall are here from Reno. Mr. Hall is heavily interested in the Hall-Florence company. J. P. Loftus returned to Goldfield this week and within a few days will start for Europe with his family. William Tompins of Goldfield is making a success on the vaudeville circuit in southern California. Judge Langan has exeused the venire of jurors and gone to the northern counties of the district to hold court. Captain A. H. Mayne is spending a few days in San Francisco. His mill at Ramsey is rapidly nearly completion. Wellington Downing, president of the Brown Folding Machine company of Erie, Pennsylvania, is a guest at the Casey. Mr. and Mrs. E. M. Kimball and Miss Clara Kimball have gone to New York City, where they will spend the summer. Richard Watson, an official of the Pittsburg-Silver Peak, and an associate of Martin L. Effinger, is spending a few days in this city. January Jones, one of the leading characters in the stirring developments of Goldfield in the early days, is up from San Francisco. Frank Wildes, receiver for the State Bank and Trust company, spent a portion of the week in Goldfield. He expeets to shortly make a pro rata payment to the creditors of this institution. John Meteer, formerly with Bond &
18.
August 10, 1908
Carson City Daily Appeal
Carson City, NV
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VENUE IS ASKED FOR Rickey Wants Stock Suit to be Heard in Ormsby lang County It may be possible that the suit brought against T. B. Rickey to recover a number of shares of KeaneWonder mining stock will be heard in this county. Saturday T. B. Rickey the defendant gave notice that on the 28th of this month he would ask the court for a change of venue on the ground that he was not a resident of Goldfield but made Carson City his home and as his business interests were in the latter place that the same should be the point at which the case should be heard. Mr. Rickey further stated to a representative of the Goldfield Tribune that in his opinion Receiver Wildes should be able to pay the depositors dollar for dollar. He further said that if the other stockholders in the bank had stood together that the bank would have been opened and business resumed. Judge Langan has set August 17th at Goldfield for hearing the argument on demurrer in the indictment returned by the Esmeralda county grand jury against T. B. Rickey for embezzlement while president of the State Ban. and Trust company.
19.
August 25, 1908
Carson City Daily Appeal
Carson City, NV
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WANTS THE WHISKEY One of the attorneys for Receiver Wildes departed for Goldfield to attach a quantity of whisky given to the State Bank and Trust Company as security for a loan.
20.
August 29, 1908
Tonopah Daily Bonanza
Tonopah, NV
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ALLEGE CONSPIRACY TO REALIZE ASSETS GOLDFIELD, Aug. 28.-A special to the Tribune says: Receiver Frank Wildes is to be replaced as custodian of the affairs of the State Bank and Trust company. The trouble is the depositors of the institution believe they have scented a scheme whereby they were to be deprived of their money, and are going to appeal to the United States courts for protection. A proposition is now under way whereby the business affairs of the bank were to be turned over to a special committee, and that eventually the depositors would receive about 35 cents on the dollar, which, with a 5 per cent dividend recently declared, would net them 40 cents on the dollar. The total deposits amount to $1,,080,000. Those who have investigated the condition of the assets state positively that they would bring $1,600,000 in the open market at the present time. This is far less than it has been currently reported the assets are worth. Several capitalists have been mentioned as members of the special committee to whom the affairs of the bank were to be turned over. To get the matter into the United States court it will be necessary for some depositor to the amount of not less than $2000, residing out of the state to bring_suit. This will result in the government taking over the matter and placing a disinterested party in charge of the affairs. This suit will be filed, it is stated here tonight, either Saturday or the first thing next week. For nearly a year the State Bank matter has been pending. In the meantime the depositors allege the affairs of the institution have been handled in a careless manner. The matter was repeatedy postponed by the bank commission, even AttorneyGeneral Stoddard refusing to come to the aid of the depositors until indictments had been returned by the Ormsby county grand jury. Since then practically nothing tending to protect the depositors has been done. Once the case is in the federal court the scheme to turn affairs over to a special committee will have been successfully thwarted.
21.
November 28, 1908
The Goldfield News
Goldfield, NV
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STATE BANK SUIT Another suit in the State Bank and Trust company case was filed this week by Receiver F. L. Wilde in the district court of this county against the Centennial Goldfield Mining company = corporation to recover an overdraft amounting to $2,056.57 and interest at the rate of one per cent per month from October 1, 1907. The money was advanced without security of any kind by the bank and the receiver has given notice that he will attach the holdings of the company immediately to secure the money owed the bank.
22.
April 17, 1909
The Goldfield News
Goldfield, NV
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STATE BANK AND TRUST PAYS ANOTHER DIVIDEND Receiver Wildes, for the defunct State Bank and Trust company, has declared a second dividend of five per cent in favor of the depositors in and creditors of the defunct corporation, which dividend has been placed in the John S. Cook Bank in this city, and where claims may be presented and paid. This makes ten per cent which the depositors have so far received from the wrecked concern.