14606. Reno Savings Bank (Reno, NV)

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: June 24, 1880
Location: Reno, Nevada (39.530, -119.814)

Metadata

Model: gpt-5-mini
Short Digest: e637dc79

Response Measures

None

Description

The Reno Savings Bank suspended on June 24, 1880 after a draft from the Anglo-California Bank protested and because the institution was overextended. There is no description of a depositor run in the articles; trustees later assigned assets to Jerry Schooling and creditors sought a receiver, indicating the bank remained closed and entered receivership/administration rather than reopening. I corrected minor OCR artifacts in snippets (e.g., dates and names) but did not alter facts.

Events (5)

1. June 24, 1880 Suspension

Cause: Correspondent
Cause Details: Immediate trigger: a draft sent up to the Anglo-California Bank of San Francisco was protested; underlying cause: over-accommodation of loans and tight money/collections problems (insufficient reserves).
Newspaper Excerpt: The Reno Savings Bank suspended this morning. ... It suspended on account of the Anglo-California Bank protesting drafts.
Source: newspapers

2. June 25, 1880 Other

Newspaper Excerpt: A card bearing the word 'suspended' was found pasted on the inside of the glass door of the Reno Savings Bank this morning. ... J. H. Kinkead, the manager, is suffering from nervous prostration, brought on by a week's hard work to save the blow, ... drafts went to protest this morning in San Francisco at the Anglo-Californian Bank.
Source: newspapers

3. July 9, 1880 Other

Newspaper Excerpt: A committee of three be appointed by the creditors ... to take such action as will result in the appointment of a receiver of the District Court, whose duties ... shall be to take charge of the assets of the bank for the benefit of all its creditors.
Source: newspapers

4. July 11, 1880 Other

Newspaper Excerpt: The Trustees of the Reno Savings Bank have assigned the property, assets and effects of the bank to Jerry Schooling, who will endeavor to straighten matters out as best he can.
Source: newspapers

5. May 18, 1883 Other

Newspaper Excerpt: The trial of Jas. H. Kinkead and L. L. Crockett was concluded ... resulting in the acquittal of the gentlemen above named. ... on the 23d day of June, 1880, at the time of the closing of the doors of the Reno Savings Bank, there was in said bank about $24,000 in coin and securities.
Source: newspapers

Newspaper Articles (14)

1. June 25, 1880 Sacramento Daily Record-Union Sacramento, CA

Article from Sacramento Daily Record-Union, June 25, 1880

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Suspension of a Bank. RENO, June 24th. - The Reno Savings Bank suspended this morning. They had accommodated too many persons, and the hard times made money tight. There is said to be abundant assets to meet all liabilities. J. H. Kinkead, the manager, isdown with nervous prostration. Nothing further can be told of the condition of affairs of the savings bank at present. Cannot give liabilities or assets. It suspended on account of the Anglo-California Bank protesting drafts. J. H. Kinkead, manager, is unfit for business on account of sickness brought on by overwork.

2. June 25, 1880 Sacramento Daily Record-Union Sacramento, CA

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THE DAILY RECORD-UNION. JUNE 25. 1888. FRIDAY NEWS OF THE MORNING. In New York yesterday Government bonds were quoted at 1085 for 4s of 1907; 103₫ for 58 of 1881; 109g for 418; sterling, $4 S0}@4 89; silver bars, 1154; silver coin, 1 discount buying, par selling. Silver in London yesterday, 523d; consols, 98 9.10; 5 per cent. United States bonds, 1051 4a, H0}; 438, 1121. In San Francisco half dollars are quoted at par; Mexican dollars, 93 buying, 931 selling. At Liverpool yesterday wheat was quoted at 9s @d@0s 11d for good to choice California. The sessions at the Stock Boards in San Francisco yesterday morning were short and unsatisfactory. Only twenty-five minutes were spent at the regular mession. Values were a little off nearly in every case, but in no instance did the reduction rise to the dignity of $1 per share. The volume of business transacted was unusually small, even for these dull times. The Reno Savings Bank has suspended. In a shooting affray between two men at Tombstone, A. T., Wednesday, both participants were wounded. James W. Anderson shot his Chinese servant in San Francisco yesterday for insulting his daughter. A pr soner in custody of an officer jumped from a train near Suisun yesterday, and was seriously injured. Charles Flagg was run over and killed at Mayfield, Wednesday, by a loaded wagon. There are 290 cases of small-pox in Dublin, Ireland. A crisis exists in the Austrian Cabinet. The officials at Versailles, France, refuse to carry out the law against religious orders. The session of the Spanish Cortes was suspended yesterday. The Greek frontier proposed by France has been adopted by the Berlin Conference. The Republicans of the Third Kansas District have nominated Thomas Ryan for Congress. W.P. Frye has been nominated for Congress by the Republicans of the Second District of Maine. The census shows the population of Boston to be 351,000. The steamer City of New York was burned to the water's edge Wednesday night at Brooklyn. A. P. Rigsdale was murdered by cattle thieves near Schulenberg, Texas. By order of the English House of Commons, yesterday, Bradlaugh was released from arrest. In the Fourth Maine District the Republicans have nominated Captain C. A. Bouteller for Congress. The St. Jean Baptist celebration at Quebec yesterday was a grand affair. Fire near Wheeling, W. Va. The National Democratic Convention at Cincinnati yesterday completed its labors by nominating Major General W. S. Hancock, of Pennsylvania, for President, and William H. English, of Indiana, for Vice-President, and adjourned sine die.

3. June 25, 1880 Gold Hill Daily News Gold Hill, NV

Article from Gold Hill Daily News, June 25, 1880

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Reno Bank Failure. RENO, June 24.-This afternoon the Reno Savings Bank suspended for lack of funds to meet a draft sent up by the Anglo-California Bank of San Francisco. When the announcement was made Jas. H. Kinkead was completely prostrated by the shock and is now confined to his bed. Although the immediate cause of the suspension was the draft sent up from San Francisco, the cause of a deficit arose from the fact that the institution has for some months past been rather too accommodating to customers and is now unable to make collections. M. C. Lake, the President, appears to have occupied a figure-head position and to have been entirely ignorant of all matters concerning the business of the bank, everything having been run by its manager. Lake is said to have known nothing of the failure until after the bank's doors were closed. Its capital stock was nominally $100,000. M. C. Lake, President; L. L. Crockett (the present State Treasurer), Vice President, and James H. Kinkead, Manager. It is thought that its assets will be amply sufficient to meet its obligations, and in a few weeks business will be resumed.

4. June 25, 1880 Morning Appeal Carson City, NV

Article from Morning Appeal, June 25, 1880

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TELEGRAPHIC. 0 The Democrats Nominate Hancock and English. BANK:FAILUREIN RENO. Eastern. CINCINNATI, June 24. The Convention was called to order at 10:30 A. M. House crammed and weather sultry. Peckham of Albany, N. Y., took the platform and said that the New York delegation had received a letter from Tilden renouncing his candidacy for the Presidency. Mr. Peckham then presented the letter and said that New York had agreed on & candidate and his name was Randall of Penasylvania. The roll of States was then called and on the second ballot the vote stood: Hancock 316, Bayard 113, Field 651, Hendricks 31, Thurman 50, Tilden 6½, Randall 129, Jewett 1, Parker 2, English 19. Wisconsin changed her vote to 20 for Hanoock amid great excitement, confusion and cheering. New Jersey changed vote to 18 for Hancock. It is thought that Hancock will now be nominated on this ballot, his vote being 360. Numbers of Chairmen of delegations are on their chairs ondeavoring to be heard. Great confusion all ever the house. Pennaylvania changed vote to Hancwck. New York has changed 70 votes for Hancock. Roll of States ordered called. Down to Geergia all votes selid for Hancock. Nomination of Hancock made unanimous. When the majority of the votes was reached the excitement in the hall was tremendous, the delegates and spectaters rising to their feet to cheer. The vote stood, Hancock 750, Hendricks 30, Bayard 2, Tilden 1. John Kelly then mounted the platform and addressed the Convention, saying that the nomination united the Demecracy of New York and that all past differences will be forgetten. Wm. G. English, of Indiana, was placed in nomination for the Vice Presidency, and there being no opposition he was unanimous ly selected to take the second place on the ticket. THE PLATFORM. The platform reaffirms the platform adopted at St. Louis, and is in its main featnres on the line of the late Pennsylvania resolutions adopted at a convention of the party a few months ago, and from the pen of Jero Black. There is a strong anti-Chinese plank, a resolution in praise of Tilden and Hendricks and an elequont arraignment of the Republican party for the frauds of 1876. The financial plank declares for gold and silver convertable into coin. THE CHINESE PLANK. Following is the Chinese plank: "That in the Judgment of this Convention, the treaty existing between China and the United States should be amended; that Chinese immigra tion, excepting for purposes of commerce, 1 trade and education, should be prohibited; that it is the duty of the government to pret serve this land for our people and their pros perity, and to protect American labor from competition, degrading in its character and ruinous to its hopes of material and social advancement." i At 3 P. M. the Convention adjourned sine i die. V Reno Bank Failure. t RENO, June 24. t This afternoon the Reno Savings Bank susW bended for lack of funds to meet a draft sent a y up by the Anglo-California Bank of San g Francisco. When the announcement was tl nade James H. Kinkead was completely prosp rated by the shock and is now confined to O is bed. Although the immediate cause of he suspension WAS the draft sent up from San Francisco the cause of a deficit 1 rose from the fact that the institution has for lo ome months past been rather too accommoating to customers and is now unable to make ellections. M. C. Lake, the President, apli ears to have occupied a figure-head position ad to have been entirely ignorant of all math ers concerning the business of the bank, g verything having been run by its manager. S ake is said to have known nothing of the ailure until after the bank's doors were closed th

5. June 26, 1880 Morning Appeal Carson City, NV

Article from Morning Appeal, June 26, 1880

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THE RENO FAILURE.-The Journal gives the following regarding the bank break at Remo: "Had the town been destroyed by fire there could not havebeen greater astonishment or more sorrow than when it became known that the Reno Savings Bank did not open its doors at the usual hour, and when a little slip of paper with the word "Suspended" on it, was seen pasted on the inside of the window, everybody's heart sank. A Journal reporter immediately went to Mr. Kinkead's residence, and found that gentloman in bed, completely prostrated, mentally and physically He stated that the cause was having done too much business on too little capital; that in order to accommodate the public all the money had been loaned out and 1 impossible to collect it in; that under nuary circumstances the se curities held could have been relied on, but owing to the hard times it had been impossible to raise more money. He felt that the bank's assets were greater than its liabilities and that if he could collect everybody would be paid in full. As for himself he hadn't a quarter in the world, but didn't care, provided no others suffered. The bank has done an immense business and paid to stockholders enormous dividends, but there seems to have been no proper reserve fund provided. Among the attachments sworn out are the following: W. S. Baily, $2,100; Geo. Peckham, $1,500; Estate Larcombe, $7,000; Lake, $43,000; J. Schooling, $1,100, and three from the Justice Court in all amounting to over $60,000. Considerable comment is indulged in over the fact that Mr. Crockett was on hand early in the morning and removed three sacks of money, taking it to Carson. Attorney Haydon will ask for a citation to have Mr. Crockett appear and show to whom it belonged. Mr. Lake, President of the bank, says he knows nothing about the affair, except that he is probably the heaviest loser. Universal sympathy is expressed for Mr. Kinkead, and it is hoped things are not as bad as reported. TREASURER CROCKETT'S STATEMENT. In relation to the statement in the Journal Treasurer Crockett states that he took a sack of silver from the bank which belonged to the State. It contained $1,084. This money was the proceeds of checks sent by him to the bank for collection, and with a view of saving the percentage of one-half per cent. charged by Wells, Fargo & Co. The money was in no sense a deposit, but simply a collection. It was drawn on the 23d. the day before the bank suspended, and could in no event have been held as an asset of the bank.

6. June 27, 1880 Eureka Daily Sentinel Eureka, NV

Article from Eureka Daily Sentinel, June 27, 1880

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The Reno Savings Bank Suspends. Says the Reno Gazette of Thursday A card bearing the word "suspended," was found pasted on the inside of the glass door of the Reno Savings Bank this morning. The doors failed to open at the usual hour, which confirmed the story of the card. A reporter interviewed M. C. Lake, the President, who said he knew nothing at all about the matter, as it was entirely unexpected. It is said that he put $400 in yesterday, which shows that he had no idea of what was coming. J. H. Kinkead, the manager, is suffering from nervous prostration, brought on by a week's hard work to save the blow, by loss of sleep and worry. He went to Virginia City yesterday, expecting to get some money there, but was disappointed. Their drafts went to protest this morning in San Francisco at the Anglo-Californian Bank. Mr. Kinkead says there have been no losses in stocks, but that the bank has done too much business on its capital. Its money has been loaned on good security, but when notes were due the money was not to be had. So the only thing to do was to renew them. Mr. Kinkead believes there are abundant assets to meet all the liabilities, and that no one will lose a dollar. It is impossible to give the exact figures on either side at present. Mr. Crockett drove over from Carson, reaching Reno at 5 o'clock this morning, took out what coin belonged to the State, and went back with it on the train.

7. June 30, 1880 Gold Hill Daily News Gold Hill, NV

Article from Gold Hill Daily News, June 30, 1880

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The News has been requested to say that all members of Boards of School Trustees, and all persons interested in the public schools, are cordially invited to attend the public oral examination of applicants for teachers' certificates, which will take place at the Virginia Fourth Ward School building on Thursday afternoon, commencing at 2 o'clock. In the Virginia Board of Aldermen last night Mayor Stephens and Alderman Coyne had another tilt about the Street Inspector business. After considerable talk, in which no definite conclusion was arrived at, the subject was dropped and the routine business was gone through with. Next week, July 8th, the grand concert and festival to be given by the ladies of the congregation of the Methodist Church, Gold Hill, will take place. Superior talent from this place, Virginia, Carson and Dayton has been secured to assist in the entertainment. Tickets only 50 cents. In Virginia City, at 12 o'clock last night, a woman of the town, named Annie Gora, died almost instantly at the house of Mollie Malone, corner of Union and D streets. Death was caused by the bursting of a blood vessel. Coroner Brodek will hold an inquest. The Committee of Arrangements for the coming grand celebration and barbecue in Gold Hill next Monday, will hold a meeting this evening. All members are requested to be present, also the executive members of the Finance Committees. The Tiger Guard drum corps, of which Hank Le Fleur is the leader, marched through the streets of Gold Hill and Virginia last night. They make a fine appearance and are good drummers. F. A. Benjamin, of San Francisco, is in Virginia. It is said he is in Nevada on behalf of the Anglo-California Bank in connection with the Reno Savings Bank failure. The Soldiers' and Sailors' Republican Club held a meeting in Temperance Hall, Virginia, last evening, at which a number of prominent citizens made speeches. The jury in the District Court yesterday found a verdict of not guilty in the case of Ah Chee, charged with kidnapping the Chinawoman You Gum. Work is soon to be resumed in the Golden Prize mine, of Flowery District, which has been closed for about six months. The Water Company has refused to reduce Virginia water rates. The price at present paid is $400 a month. Hugh Gallagher, brother of Neil Gallagher, who was killed in the Yellow Jacket, is in town. The Emmet Guard of Virginia will have a street drill at 7:30 o'clock this evening. Congressman Daggett is coming home. He is expected on the 6th of next month.

8. July 1, 1880 Eureka Daily Sentinel Eureka, NV

Article from Eureka Daily Sentinel, July 1, 1880

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THE "SAVINGS" BANK, What the Reno Gazette, of Monday, Says about Its Home Institution. The Reno Savings Bank occupied Odd Fellows' building in April, 1876, and succeeded to the business of Jones & Kinkead, who had their office on Commercial row, near where Steele's building is now. Articles of incorporation were filed in the Clerk's office, dated April 29, 1876, with a capital stock of 100 shares at a par value of $1,000. The Trustees were M. C. Lake, L. L. Cro kett, J. E. Jones, G. W. Huffaker and James H. Kinkead. Thirty per cent. of the stock was paid in, and the bank paid three per cent. per month dividends. up to last December. On January 1st a dividend of two per cent. was paid, and since then none, so that the stockholders who got in on bed-rock have gotten out with $44,700 for their $30,000. It is figured that the expenses of the bank were $600 a month at least. If so, an income of $1.500 per month must have been made in order to justify the dividends. The Directors must have wondered at the brilliant financial achievement of their manager, or else suspected that the dividends were paid out of deposits. It seems incredible that any one should suppose that $30,000 capital should earn such a sum, equal to five per cent. a month. IF ALL THE DEPOSITORS Were paid no interest, and their money promptly loaned at one-and-a-half and two per cent. per month, with no losses or costs at all, it would entail the handling of a hundred thousand dollars. Mr. Lake seems to have paid no attention to his duties as President of the institution. He seems to have no knowledge of its condition or of its affairs, any more than an outsider. In his position as President of a savings bank he should have been vigilant and scrupulous to protect the people who trusted their money in his hands. If he was not qualified to perform this important duty he should not have been in the place. There seems to be little progress thus far towards a knowledge of the affairs of the bank. The Directors met on Saturday and looked over the balance sheet, but got at no results. They found some of the securities quoted at par which are not worth 50 cents on the dollar, and there is no way of telling how things stand until the books and papers have been thoroughly examined. There are a number of special deposits in the vault. which are probably all right. It is greatly to be regretted that the officers did not call a meeting of the creditors and make a statement instead of suspending. It the assets are anything like adequate they would no doubt have given time on accounts. As it has been managed, however, it is very doubtful if the costs of suits and attachments do not eat up very large amounts of the debts before they are collected.

9. July 1, 1880 The New Northwest Portland, OR

Article from The New Northwest, July 1, 1880

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GENERAL NEWS. Chicagohashalfa million inhabitants. Milwaukie, Wis., has 120,000 inhabitants. The Reno Savings Bank has suspended. St. Louis, in Southern California, is déstroyed by fire. San Francisco's city tax has been raised to 15.7 mills. Hancock has called on Tilden, and was cordially received. W. C. Budd, one of San Francisco's stockbrokers, has failed. The mortality in New York is large,' owing to the excessive heat. Texas Greenbackers have nominated W. H. Hammon for Governor. Scott won the San Francisco pedestrian match, making 505 miles. The car drivers on some New York roads have struck for $2 per day. M. O Heath is nominated for Governor of Vermont by the Greenbackers. Vermont Republican nominee for Governor, Colonel Roswell Farnham. Tammany Democrate announce that they will support Hancock and English. - All the cities in the Union except San Francisco showed clearing house gains last week. For the year ending May 31, the excess of U.S. exports over imports is $162,183,693. General Grant thinks Hancock's chances of election are good, but will not support him. Bradford, Penn, has been visited by another fire, which destroyed 31 buildings. Loss, $35,000. Dr. Tanner of Milwankee has commenced in New York the feat of fasting 40 consecutive days. A cannon burst at a Democratic ratification meeting at Wheeling on last Saturday, killing two persons. The ocean steamer City of New York was burned in New York harbor, off Brooklyn dock, last week. Loss, $300,000. Rev. Dr. Talmage will soon visit California and give a series of lectures. It is improbable that be will come to Oregon. Garfield is overburdened with correspondence. He is answering letters as rapidly as possible. He mailed 140 last evening. The passengers of the wrecked steamer Narragansett, of the Stonington line, will bring suit against the owners for damages. In New York, on the 26th ultimo, 207 deathsoccurred. During the week, 1,083 were reported. Cholera infantum is prevalent. The counties of Hancock and Adams, Illinois, have suffered great damage by the breakage of the levee and the inuodation of crops. The Irish Revolutionary Convention is in session in Philadelphia. Its ob. ject is to devise measures for the liberation of the Irish people. D. P. Newell, an insane Chicagoan, who thought he had made a life-preserver of lead, jumped into Lake Michigan with his invention on. His body has not yet been recovered. Columbia's crew won the inter-collegiate boat race, though Princeton was 80 close that a conference of the judges and referee was necessary before a deeision was rendered. Another disaster is reported from Long Island Sound. On Monday the steamboat Seawanhaka took fire, and was burned to the water's edge. Of the 350 passengers on beard, at least 50 are burned to death or drowned. The New York foreign banking bill has been signed by Governor Cornell.

10. July 7, 1880 The Silver State Unionville, Winnemucca, NV

Article from The Silver State, July 7, 1880

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Mintaken. The Secretary of the Bullion of Paradise Mining Company has been impelled by what he is pleased to call "the erro neous statements that have appeared in the SILVER STATE, regarding the relations of the Bullion Mining Company to the suspended bank," to publish a card in the Paradise Reporter. This alleged erroneous information, hestates, is in reference to certificates of deposit drawn in favor of the Bullion Company by the bank, of which to his knowledge there are none in existence. If the Secretary will read what has appeared in these columns relative to the certificates of deposit of the collapsed bank, he will find that the SILVER STATE never said those certificates were drawn in favor of the Bullion company. What the SILVER STATE didt say was "that certificates of deposit of the Reno Savings Bank were in circulation here and in Paradise at the time of the failure," and that assertion was not erroneous.

11. July 9, 1880 Morning Appeal Carson City, NV

Article from Morning Appeal, July 9, 1880

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T he Pistel in Colorado. DENVER, (Col.), July 8. Last nigh a shooting affray occurred between Elmer Hayman and Tom Stevens in which the latter was fatally and the former slightly wounded. The sheeting was the result of a family feud which has existed for some time. THE RENO SAVINGS BANK. The investigation instigated by the citizens into the affairs of the Reno Bank threatens to develope a worse state of affairs than first reported. The Gazette prints the report of a citizen's meeting at which the following reselutions were passed: 1st, That it is the sense of this meeting that the entire management, including the President and the Directors, in view of the apparent loose manner in which the affairs of the bank were conducted, is guilty of gross negligence. 2nd, That the acts of the manager, cashier, and vice-president in removing from the bank its money and valuable securities, as above indicated, can only be regarded as fraud and robbery, and should be denounced by all lawabiding citizens. 3rd, That a committee of three be appointed by the creditors present, whose duty it shall be to take such action as will result in the appointment of a receiver of the District Court, whose duties, as prescribed by law, shall be to take charge of the assets of the bank for the benefit of all its creditors. 4th, that we as citizens, as well as creditors, do earnestly hope and pray that those who have been guilty of an infraction of the law will be duly dealt with, to the end that the honor of an outraged community may be vindicated. Instances were cited at the meeting which goes to show that the managers expected the crash some time before it came and tried to dissuade depositors from withdrawing their funds. A widow who had $490 in the bank attempted to draw it and was unable to get her coiu until she took a business man with her. As an excuse for his first refusal the manager explained that he did not like to give it to her, fearing that "she might loan it to some one who would never repay it." The Ganette has been fearless and outspeken in its exposure of the rotteness of the institution, and deserves the thanks of the Reno people for its independence.

12. July 11, 1880 Morning Appeal Carson City, NV

Article from Morning Appeal, July 11, 1880

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The Trustees of the Reno Savings Bank have assigned the preperty, assets and effects of the bank to Jerry Schooling, who will endeaver to straighten matters out as best he can. He is a man who will certainly do the fair thing by all parties.

13. July 17, 1880 The Pioche Weekly Record Pioche, NV

Article from The Pioche Weekly Record, July 17, 1880

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STATE ITEMS. Counterfeit half dollars are in circulation in Aurora. The placer mines of Tuscarora will yield at least $25,000 this season. Rag-Town is becoming populous; quite a crowd of Chinamen are working the bed of the stream in that vicinity. Lloyd Hill, Sheriff of Ormsby county, is missing. His accounts are $2,300 short. He is supposed to have left the country. The population of Washoe county is 5,878. Of these about 500 are Indians 375 Chinese, leaving a white population of about 5,000. A residence of six months in the State and of thirty days in the district or county, is necessary to entitle any American citizen to vote in Nevada. The date of the commencement of the State Fair at Reno has been changed from the 6th to the 27th of September. It will close on Saturday, October 2d. The Silver State says that there is a prospect of a railroad being built from Winnemucca to Walla Walla, in Oregon. The route has been surveyed and found feasible. At Candelaria, July 4th, Ben Ferris, a miner, was shot and killed by Perley Plane. The two men met and commenced firing. Eleven shots were discharged. Eureka Sentinel: Mr. Dan Morris came in from Osceola yesterday. He reports that the Osceola Company are taking out some very rich gold rock. There is but iittle placer mining being done, for want of water. Eureka Leader: Ruby Valley is undoubtedly the most fertile spot in Eastern Nevada to-day. The ranchers from that section report an abundance of water in the lake, and crops and stock doing splendidly. Sam Clay, Chief Justice of Oreana informs the Silver State that the twostamp mill built by J. J. Wait, at that place, is running splendidly. It crushes four tons of ore daily, and as it is run by water power, the expense is trifling. James H. Kinkead has sued the Reno Evening Gazette for $15,000 damages for publishing the speeches made at the meeting of the creditors of the defunct Reno Savings Bank Tuesday evening, and statements in connection with the failure. Kinkend was the manager of the bank. e The Reno Journal says: The Board of Pardons, which convenes next Monday, will have its hands full of business. There S are already twelve applicants, with more to hear from. The case which excites the most interest is that of Alf. Chartz, whose former application was unsuccessful, but whose present effort will doubtless have a different issue. g The Nevada Monthly says: From what has been said above in regard to S the situation of the Comstock, it will be e seen that nothing is likely to occur during the present month to cause "boom" in the market, but that something must happen next month that will either make things much better or a great deal worse. to We refer to the opening out of the 2,400 it and 2,500 levels of the north end mines. A letter written to the Belmont Courier et d gives the following news of the mines at Grantsville: The bullion product of the y Alexander mill, for the week ending July 6th, was $8,177.53. The total product of the Brooklyn mine for the month of June was $28,299.90, the result of eight m days run of the mill (20 stamps). This is the first history of this remarkable mine. a Work was commenced on the 20th day of May last, and no ore crushed until June. lt The incline is now fifty feet in depth and of gives every indication of richer developments as work advances. The Superinve tendent, M. San Pedro, assured your W correspondent that the expenses of the m mine had been unusually small, and when on we consider that the mine is but little ig more than thirty days old, the result is certainly wonderful. The total shipment for the last month was $41,809.06. ed Ward Reflex: Charley Wisel iner forms us that a new channel has been he struck in Osceola, near Jack Irvine's se water tunnel, which is thought to be the ne source of all the gold in Osceola, and on ut which himself and others have located he 160 acres of placer ground and incora porated it under the name of the Old all Channel Mining Company." Work has been commenced, and if the locators are backed by correct conclusions they will

14. May 18, 1883 Morning Appeal Carson City, NV

Article from Morning Appeal, May 18, 1883

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The Reno Savings Bank Case. The trial of Jas. H. Kinkead and L. L. Crockett was concluded at Reno on Wednesday last, and resulted in the acquittal of the gentlemen above named. According to the Journal Judge Rising gave the State the widest latitude in the prosecution, it being clear that the evidence did not warrant the conviction of Kinkead, all of whose acts in the bank matter were considered lawful. The Court held that the indictment against Crookett was not good. After stating the law of embezzlement and other propositions, Judge Rising said: It appears from the evidence in this case, that on the 23d day of June, 1880, at the time of the closing of the doors of the Reno Savings Bank, there was in said bank about $24,000 in coin and securities. It also appears that on the 23d of June. 1880, James H. Kinkead, R. M. Clarke and L. L. Crockett were creditors of the bank, R. M. Clarke in a large amount, James H. Kinkead in the sum of $11,505 in coin, and bonds to the amount of $5,000; making in all $16,505; that L. L. Crockett was a creditor in the sum $8,278. It further appears that there was drawn from said bank by Jas. H. Kinkead on the 23d of June, 1880, upon his check, $12,787. Also that L. L. Crockett on the same day drew $1,111 65. Further, to secure the said Crockett, Jas. H. Kinkead as Manager of the bank, endorsed or assigned to Crockett securities of the bank amounting to $10,507, upon which had been endorsed previous to the assignment $929, leaving a balance due upon the securities of $9,578. So far as the acts of Jas. H. Kinkead are concerned (Crockett being out of the