14620. Round Mountain Banking corporation (Round Mountain, NV)

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 4, 1908
Location: Round Mountain, Nevada (38.711, -117.068)

Metadata

Model: gpt-5-mini
Short Digest: fcb87d11

Response Measures

None

Description

The bank closed its doors Dec 4, 1908 citing bad loans and announced it would not resume business (would reopen only in 30 days to pay depositors). A receiver was appointed Dec 22, 1908. No article describes a depositor run; cause of suspension is bank-specific bad loans.

Events (3)

1. December 4, 1908 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Articles state the bank closed its doors and give 'bad loans' as the cause of the suspension.
Newspaper Excerpt: The Round Mountain Banking corporation, at Round Mountain, closed its doors Thursday morning, and displayed a sign to the effect that the bank would not resume business, but would open its doors in thirty days to pay depositors.
Source: newspapers

2. December 5, 1908 Other

Newspaper Excerpt: It is announced that the bank will reopen in thirty days and pay depositors, but will not resume business. The bank is capitalized for $25,000; deposits $30,000. Extent of the liabilities is unknown.
Source: newspapers

3. December 22, 1908 Receivership

Newspaper Excerpt: The court named R. P. Dunlap, of this city, as the receiver and fixed his bonds at $10,000.
Source: newspapers

Newspaper Articles (11)

1. December 4, 1908 Tonopah Daily Bonanza Tonopah, NV

Article from Tonopah Daily Bonanza, December 4, 1908

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ROUND MOUNTAIN BANKING CONCERN CLOSES ITS DOORS The Round Mountain Banking corStebbins is vice president. The cashier is the real head of the business. poration, at Round Mountain, closed The exact extent of the embarrassits doors Thursday morning, and displayed a sign to*the effect that the ment of the bank is not known, but bank would not resume business, but it is not thought that depositors will would open its doors in thirty days be heavy losers. Bad loans are to pay depositors. thought to be at the bottom of the trouble. The Round Mountain Banking corporation is capitalized for $25,The directors of the suspended 000, and probably carries $30,000 in concern are J. F. Stebbins, C. O. deposits. It has no president, but Olive, Nelson Rounsevell and Reece C. O. Oliver is cashier, and Jack Wampler.

2. December 5, 1908 Bisbee Daily Review Bisbee, AZ

Article from Bisbee Daily Review, December 5, 1908

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NEVADA BANK FAILS. TONOPAH, Nev., Dec. 4.-The Round Mountain Banking corporation, of Round Mountain, a town in Nye county, sixty miles north of Tonopah, has closed its doors. Bad loans are given as the cause for the suspension. It is announced that the bank will reopen in thirty days and pay depositors, but will not resume business. The bank is capitalized for $25,000; deposits $30.000. Extent of the liabilities is unknown.

3. December 10, 1908 River Falls Journal River Falls, WI

Article from River Falls Journal, December 10, 1908

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Just released from Spindle Buzzards Bay, sank near Peinkezee island, her crew of 150 men being saved. The receivers of the Westinghouse Electric & Manufacturing Company and the Securities Investment Company were discharged in the United States circuit court at Pittsburg, Pa. The suffragettes of London indulged in a fierce demonstration against David Lloyd-George, chancellor of the exchequer at Albert hall. Wreckage which has come ashore at Cape Ray leaves little room for doubt that the sturdy little steamer Soo City, which for 20 years plied as an excursion vessel on the Great Lakes, went down with her crew in the midst of the gale that lashed the Newfoundland coast for two days. She was on her way to the Gulf of Mexico and carried a crew of 28 men. Mrs. Abbie Rice completed her testimony in the Davis trial at Omaha by relating the extraordinary agreement which she says Dr. Rustin made with Davis, whereby Davis was to kill the physician in return for poison with which to commit suicide. The controversy between the Pennsylvania lines west of Pittsburg and the engineers was amicably settled. The United States cruiser Yankee, which had been aground in Buzzards bay for ten weeks, has been floated. A revolution has begun in Salvador under the leadership of former VicePresident Prudencio Alfaro. The cities of Ahuachapan, Usutulan and Santana have been captured by the revolutionists. The conference of the powers called by Great Britain to frame a code of laws for naval warfare and to form the international prize court recommended by The Hague congress, was opened at the foreign office in London. Standard Oil prosecutions in Hamilton county, O., were dismissed at the request of the prosecuting attorney. The Round Mountain Banking corporation of Round Mountain, Nev., closed its doors because of bad loans. Mrs. Elizabeth Johnson Mariani, daughter of Mayor Tom Johnson of Cleveland, O., was granted a divorce from Frederico Mariani of New York. Malvern Hill, the historic colonial residence 17 miles below Richmond on James river, belonging to William H. Hall of New York, was completely destroyed by fire. Three Dutch warships made a demonstration against Venezuela by steaming along its coast from Puerto Cabello to La Guaira. Nord Alexis, president of Hayti, was deposed by the people of Port au Prince, attacked insulted and cursed, and took refuge on a French vessel. Gen. Legitime was proclaimed his successor. For many hours during the night following the flight of Nord Alexis, deposed president of Hayti, riot and pillage prevailed in Port au Prince. Finally troops fired on the mob, killing 12, wounding many and dispersing the rest. Unable to withstand the continued pressure of the water hurled against it through the diverting of the current of the Arkansas river, the result of the dynamiting operations, the government dyke at the foot of Alabama street, Pine Bluff, Ark., several blocks south of the former danger zone, was washed away for a distance of 200 yards. Poison conveyed in a letter is believed to have caused the death of Henry Boas, a salesman for an electric company in San Francisco. Seventeen fishermen perished in a storm which lashed the Newfoundland coast for 48 hours. A $15,000 pearl necklace stolen from the home of Frank G. Jones in Memphis, Tenn., on the night of February 10 last, was recovered in New York. It belongs to Garrett E. Lamb of Clinton. Ia. Alexander Shipoff, millionaire proprietor of the Neva ferry line and one of the richest men of St. Petersburg, was condemned to six months' imprisonment on the charge of criminal negligence in conection with the foundering of the ferry steamer Archangelsk. Gen. Ismail Mahir Pasha, a former aide-de-camp of the sultan, who investigated the revolutionary movement in the army last May, and who was considered to have been a spy of the old regime. was assassinated by an army officer. Ex-Mayor Adolphus Seebohm of Pomeroy, O., committed suicide in a 100m in Gallipolis, O., by blowing his brains out with a pistol. Timothy R. Palmer, who resigned recently as president of the Minnesota Mutual Life Insurance Company, committed suicide in St. Paul because of ill health. Thirty-five Japanese fishing boats were wrecked in a typhoon, 350 men losing their lives. John Gill, a jail turnkey at Jackson, Miss., committed suicide. His only explanation was he had tried to be a gentleman and failed. All fourth-class postmasters in the states east of the Mississippi river and north of the Ohio river were placed in the classified service by an executive order of the president. Four armed men held up a street car in New York and robbed the passen-

4. December 11, 1908 The Ely Miner Ely, MN

Article from The Ely Miner, December 11, 1908

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Buzzards Bay, sank near Peinkezee island, her crew of 150 men being saved. The receivers of the Westinghouse Electric & Manufacturing Company and the Securities Investment Company were discharged in the United States circuit court at Pittsburg, Pa. The suffragettes of London indulged in a fierce demonstration against David Lloyd-George, chancellor of the exchequer at Albert hall. Wreckage which has come ashore at Cape Ray leaves little room for doubt that the sturdy little steamer Soo City, which for 20 years plied as an excursion vessel on the Great Lakes, went down with her crew in the midst of the gale that lashed the Newfoundland coast for two days. She was on her way to the Gulf of Mexico and carried a crew of 28 men. Mrs. Abbie Rice completed her testimony in the Davis trial at Omaha by relating the extraordinary agreement which she says Dr. Rustin made with Davis, whereby Davis was to kill the physician in return for poison with which to commit suicide. The controversy between the Pennsylvania lines west of Pittsburg and the engineers was amicably settled. The United States cruiser Yankee, which had been aground in Buzzards bay for ten weeks, has been floated. A revolution has begun in Salvador under the leadership of former VicePresident Prudencio Alfaro. The cities of Ahuachapan, Usutulan and Santana have been captured by the revolutionists. The conference of the powers called by Great Britain to frame a code of laws for naval warfare and to form the international prize court recommended by The Hague congress, was opened at the foreign office in London. Standard Oil prosecutions in Hamilton county, O., were dismissed at the request of the prosecuting attorney. The Round Mountain Banking corporation of Round Mountain, Nev., closed its doors because of bad loans. Mrs. Elizabeth Johnson Mariani, daughter of Mayor Tom Johnson of Cleveland, O., was granted a divorce from Frederico Mariani of New York. Malvern Hill, the historic colonial residence 17 miles below Richmond on James river, belonging to William H. Hall of New York, was completely destroyed by fire. Three Dutch warships made a demonstration against Venezuela by steaming along its coast from Puerto Cabello to La Guaira. Nord Alexis, president of Hayti, was deposed by the people of Port au Prince, attacked insulted and cursed, and took refuge on a French vessel. Gen. Legitime was proclaimed his successor. For many hours during the night following the flight of Nord Alexis, deposed president of Hayti, riot and pillage prevailed in Port au Prince. Finally troops fired on the mob, killing 12, wounding many and dispersing the rest. Unable to withstand the continued pressure of the water hurled against it through the diverting of the current of the Arkansas river, the result of the dynamiting operations, the government dyke at the foot of Alabama street, Pine Bluff, Ark., several blocks south of the former danger zone, was washed away for a distance of 200 yards. Poison conveyed in a letter is believed to have caused the death of Henry Boas, a salesman for an electric company in San Francisco. Seventeen fishermen perished in a storm which lashed the Newfoundland coast for 48 hours. A $15,000 pearl necklace stolen from the home of Frank G. Jones in Memphis, Tenn., on the night of February 10 last, was recovered in New York. It belongs to Garrett E. Lamb of ClinI toot Alexander Shipoff, millionaire proprietor of the Neva ferry line and one of the richest men of St. Petersburg, was condemned to six months' imprisonment on the charge of criminal negligence in conection with the foundering of the ferry steamer Archangelsk. Gen. Ismail Mahir Pasha, a former aide-de-camp of the sultan, who investigated the revolutionary movement in the army last May, and who was considered to have been a spy of the old regime was assassinated by an army officer. Ex-Mayor Adolphus Seebohm of Pomeroy, O., committed suicide in a room in Gallipolis, O., by blowing his brains out with a pistol. Timothy R. Palmer, who resigned recently as president of the Minnesota Mutual Life Insurance Company, committed suicide in St. Paul because of hoalth. III Thirty-five Japanese fishing boats were wrecked in a typhoon, 350 men losing their lives. John Gill, a jail turnkey at Jackson, Miss., committed suicide. His only explanation was he had tried to be a gentleman and failed. All fourth-class postmasters in the states east of the Mississippi river and north of the Ohio river were placed in the classified service by an executive order of the president. Four armed men held up a street car in New York and robbed the passengers. The rule of Nord Alexis, president

5. December 12, 1908 The Goldfield News Goldfield, NV

Article from The Goldfield News, December 12, 1908

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TONOPAH. The Round Mountain Banking corporation, of Round Mountain, a town in Nye county, sixty míles north of Tonopah, has closed its doors. Bad loans are given as the cause of suspension. It is announced the bank will re-open in thirty days to pay depositors, but will not resume business. The bank is capitalized at $25,000, and has deposits amounting to about $30,000. The extent of its liabilities is unknown.

6. December 16, 1908 Willmar Tribune Willmar, MN

Article from Willmar Tribune, December 16, 1908

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The State bank of Maize, Kan., was entered by burglars, who dynamited the safe, securing $6,000. Miss Helen Chaffee, daughter of Lieut. Gen. and Mrs. Adna R. Chaffee, was wedded at Los Angeles to Lieut. John Hastings Howard, U. S. A. The government decided that the withdrawal of troops from Cuba shall be gradual, running into April. Capt. James Watters of the British steamer Hornby Castle, which has arrived at Norfolk, Va., says the vast tract of still water in the Atlantic known as the Sargossa sea has disappeared. Congress gave up the day to hearing President Roosevelt's message. Sir Wilfrid Laurier, premier of Canada, was shaken up by the ditching of his train on the Great Northern at St. Vincent, Minn. An unknown person in Chicago sent 12 $1,000 bills to the government conscience fund. The United States cruiser Yankee, just released from Spindle Rock at Buzzards Bay, sank near Peinkezee island, her crew of 150 men being saved. The receivers of the Westinghouse Electric & Manufacturing Company and the Securities Investment Company were discharged in the United States circuit court at Pittsburg, Pa. The United States cruiser Yankee, which had been aground in Buzzards bay for ten weeks, has been floated. The Round Mountain Banking corporation of Round Mountain, Nev., closed its doors because of bad loans. Malvern Hill, the historic colonial residence 17 miles below Richmond on James river, belonging to William H. Hall of New York, was completely destroyed by fire. Francisco Martinez abducted Mag. gie Garcia, 16 years old, after killing her parents in Las Animas county, Colorado. Being pursued by officers, he slew the girl and himself. The auxiliary cruiser Panther, preceding the Atlantic fleet, arrived at Colombo, Ceylon. The celebration of the tercentenary of John Milton's birth was begun by a gathering of eminent men in the theater of the British Academy in London. City councils of Anaconda and Missoula, Mont., protested against prospected interference in the Anaconda copper plants by the government because the fumes killed vegetation. Harold Burns, for whom the police have sought for two years on a charge of promoting a million-dollar business directory swindle in northern Illinois cities, was captured in Chicago. Three masked men held up the East Side bank of Portland, Ore., secured $16,500 and escaped. Adolph Schultze of Schnectady, N. Y., shot and killed one of a crowd of boys who were snowballing him. The case of Mrs. Florence Maybrick and her mother, Baroness von Roque of New York, involving title to land said to be worth about $2,500,000, was decided in their favor in the chancery court at Richmond, Va. Both houses of congress convened for the second session of the Sixtieth congress. Little was done the first day. except the swearing in of Senators Cummins and Page and of seven new representatives. Mrs. Emma Russell Chesebrough, wife of a noted yacht designer, committed suicide at her home in Bristol, R.I. Eleven soldiers were killed and 26 other injured by an explosion in the magazine at the Calcutta military station. Wreckage which has come ashore at Cape Ray leaves little room for doubt that the sturdy little steamer Soo City, which for 20 years plied as an excursion vessel on the Great Lakes, went down with her crew in the midst of the gale that lashed the Newfoundland coast for two days. She was on her way to the Gulf of Mexico and carried a crew of 28 men. Mrs. Abbie Rice completed her testimony in the Davis trial at Omaha by relating the extraordinary agreement which she says Dr. Rustin made with Davis, whereby Davis was to kill the physician in return for poison with which to commit suicide. President Roosevelt pressed a button that gave the signal for the opening of a national apple show in Spokane, Wash. Excitement incident to closing the National Exchange bank at Springfield, Mo., was aggravated when W. O. Oldham, cashier of the State Savings bank, tried to shoot H. B. McDaniel, president of the Union National bank. He fired one shot but missed. Thomas F. Gilroy, Jr., receiver of the Fidelity Funding Company of New York, which went into bankruptcy on October 28 last, announced that stockholders and creditors of that corporation would lose

7. December 19, 1908 The L'anse Sentinel L'anse, MI

Article from The L'anse Sentinel, December 19, 1908

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John Sharp. who styles himself "Adam God," engaged in a fierce re volver street battle. Over 100 shots were exchanged, one patrolman and little girl being killed, Sharp and two two pus рерипом Jatally offects other officers slightly hurt. F. D. Hirschberg of St. Louis, a millionaire merchant and prominent Catholic, was shot and killed in his house. It was not known whether it -08 JO mander subtote, JO case B SEM cident. Probably fatal injuries were sustained in an automobile accident near Washington by Senor Don Juan Barrios, minister of foreign affairs of special B uo here sp oum mission. His companions, Dr. Luis Herrarte, Guatemalan minister to the United States, and Gen. John Drummond, a wealthy planter in South America, were painfully hurt. The State bank of Maize, Kan., was entered by burglars, who dynamited the safe, securing $6,000. Miss Helen Chaffee, daughter of Lieut. Gen. and Mrs. Adna R. Chaffee, was wedded at Los Angeles to Lieut. John Hastings Howard, U. S. A. The government decided that the withdrawal of troops from Cuba shall be gradual, running into April. Capt. James Watters of the British steamer Hornby Castle, which has arrived at Norfolk, Va., says the vast tract of still water in the Atlantic known as the Sargossa sea has disappeared. Congress gave up the day to hearing President Roosevelt's message. Sir Wilfrid Laurier, premier of Canada, was shaken up by the ditching of his train on the Great Northern at St. Vincent, Minn. An unknown person in Chicago sent 12 $1,000 bills to the government conscience fund. The United States cruiser Yankee, just released from Spindle Rock at Buzzards Bay, sank near Peinkezee island, her crew of 150 men being saved. The receivers of the Westinghouse Electric & Manufacturing Company and the Securities Investment Company were discharged in the United States circuit court at Pittsburg, Pa. The United States cruiser Yankee, which had been aground in Buzzards bay for ten wceks, has been floated. The Round Mountain Banking corporation of Round Mountain, Nev., closed its doors because of bad loans. Malvern Hill, the historic colonial residence 17 miles below Richmond on James river, belonging to William H. Hall of New York, was completely destroyed by fire. Francisco Martinez abducted Mag. gie Garcia, 16 years old, after killing her parents in Las Animas county, Colorado. Being pursued by officers, he slew the girl and himself. The auxiliary cruiser Panther, preceding the Atlantic fleet, arrived at Colombo, Ceylon. The celebration of the tercentenary of John Milton's birth was begun by our up иәш emithent JO gathering B theater of the British Academy in London. City councils of Anaconda and Missoula, Mont., protested against prospected interference in the Anaconda copper plants by the government because the fumes killed vegetation. Harold Burns, for whom the police have sought for two years on a charge of promoting a million-dollar business directory swindle in northern Illinois cities, was captured in Chicago. Three masked men held up the East Side bank of Portland, Ore., secured $16,500 and escaped. Adolph Schultze of Schnectady, N. Y., shot and killed one of a crowd of boys who were snowballing him. The case of Mrs. Florence Maybrick and her mother, Baroness von Roque of New York, involving title to land said to be worth about $2,500,000, was decided in their favor in the chancery court at Richmond, Va. Both houses of congress convened for the second session of the Sixtieth congress. Little was done the first day except the swearing in of Senators Cummins and Page and of seven new representatives. Mrs. Emma Russell Chesebrough, wife of a noted yacht designer, committed suicide at her home in Bristol, 'I H Eleven soldiers were killed and 26 other injured by an explosion in the magazine at the Calcutta military station. Wreckage which has come ashore at Cape Ray leaves little room for doubt that the sturdy little steamer SB pello years 20 JOJ milch CHIP oog an excursion vessel on the Great Lakes, went down with her crew in the midst of the gale that lashed the Newfoundland coast for two days. She was on her way to the Gulf of Mexico and carried a crew of 28 men. Mrs. Abbie Rice completed her testimony in the Davis trial at Omaha by arreement our relating which she says Dr. Rustin made with UPI 01 SEM DATE mbereby Dates, physician in return for poison with which to commit suicide. President Roosevelt pressed a but-uedo 405 [suS]s the SAUD that not

8. December 22, 1908 Tonopah Daily Bonanza Tonopah, NV

Article from Tonopah Daily Bonanza, December 22, 1908

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RECEIVER IS NAMED FOR THE DEFUNCT BANK The case of the state of Nevada vs. the Round Mountain Banking corporation came up in the district court yesterday and the attorneys for the bank admitted that the necessity for the appointing of a receiver exists and made no objection over the placing of the bank in the insolvent list. The court named R. P. Dunlap, of this city, as the receiver and fixed his bonds at $10,000. Attorney General R. C. Stoddard of Carson represented the state in the case.

9. January 2, 1909 The Pioche Record Pioche, NV

Article from The Pioche Record, January 2, 1909

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NEVADA NEWS IN BRIEF R. P. Dunlap of Tonopah has been appointed receiver for the Round Mountain Banking corporation. George S. Swasey has resigned as chief of the Tonopah fire department. A prospector by the name of J. J. Burns claims to have discovered tin in the Snellbourne district. The Nevada-California Power company is extending its transmission lines to Round Mountain and Manhattan. A. J. Starret, an old-time prospector, and who in the early '90s was a conspicuous figure in Nevada mining circles, died recently at Ely. The town of Mina, in Esmeralda county, was nearly destroyed by fire recently, and buildings to the value of $125,000 were consumed. The Postal Telegraph company has opened an office in Tonopah. Its lines follow the right-of-way of the Western Pacific railroad west of Salt Lake City. The 3,500,000 shares of stock of the Goldfield Consolidated company have appreciated $10,000,000 on market valuation within the last month and a-half, discounting the placing of the company's 600-ton mill in commission within the next two weeks. According to the report of State Bullion Tax Collector J. F. Haley, the total amount of ore extracted from the mines of Nye county during the quarter ending September 30th, amounted to 76,662 tons, which had a valuation of $1,378,384.11. The smelter of the Giroux Consolidated Mining company at Ely has been destroyed by fire. Although the plant was completed several months ago, it was never placed in commission. The company is shipping ore to Colorado to be smelted. There is a strong suspicion that the Giroux properties will eventually come into the possession of others. The Ely Mining Record says the town of Battlemountain is to be left off the main lines of the Southern Pacific and Western 11 Pacific railroads. Several days ago sub-contractor Hamilton of the Western Pacific started a force of men at work at Rocky g Point, on the oppositeside of the

10. March 5, 1909 Tonopah Daily Bonanza Tonopah, NV

Article from Tonopah Daily Bonanza, March 5, 1909

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PERSONAL George L. Bailey of Golden Arrow is in town. Bert L. Wertheimer of San Francisco, is in town. Harry H. Atkinson left yesterday for a visit to Carson. Mrs. J. J. Owens left yesterday for a visit in Los Angeles. V. Carlson came up from the Pioneer district last evening. Mrs. John G. Kirchen has returned from an extended trip through the east. Cy Johnson came down from Round Mountain last evening in the Nugget flyer. Mrs. Neil McLean came up from Millers yesterday and will spend a few days in this city. Frank Sellstrom, who is running an auto line at Pioneer, arrived from that camp last evening. Al Hall, who has spent the week in Rawhide looking after business interests, returned yesterday. F. L. Bosqui leaves today for his home in Piedmont, California, and in a few days will sail for Italy. E. J. Roberts leaves this morning for the southern end of the county. He will be accompanied by T. J. Lynch. Bob Stewart, after imbibing the sights of a metropolitan city for a few days, left Tonopah Wednesday for his home in Sodaville. Guy Pocock, representing the Walsh-Calender company of San Francisco, is back in Tonopah after an absence of two years. Henry Bartlett, who wrote an interesting article for the Round Mountain Nuggett last week, is down from the north to recuperate from his arduous duties. R. P. Dunlap is back from Round Mountain, where he has been on business connected with his duties as receiver for the Round Mountain Banking corporation. Senator Flynn of Pittsburg, president of the Pittsburg Silver Peak property at Blair, accompanied by Consulting Engineer Jessun of Spokane, Washington, arrived in Blair yesterday and will spend some time looking over the big plant.

11. September 17, 1909 Tonopah Daily Bonanza Tonopah, NV

Article from Tonopah Daily Bonanza, September 17, 1909

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ROUND MOUNTAIN BANK SUES FOR $20,000 All of yesterday's session of the district court, with a night session included, was taken up with the hearing of the case of the receiver of the Round Mountain Banking corporation versus the Round Mountain Hydraulic company. The action was brought to recover the sum of $20,000 which the bank had loaned the defendant company. The hearing was not completed last evening and the case was continued until today.