Nevada First National Bank

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 8530
Charter Number: 8530
Start Date: December 30, 1914
Location: Tonopah, Nevada (38.067, -117.230)

Metadata

Model: gpt-5-mini
Short Digest: fd4e14ab

Response Measures

Accommodated withdrawals

Description

Article (Dec 30, 1914) reports some withdrawals during a war scare but deposits were largely restored and the bank remained open; bank carried large cash reserves. Classified as a run_only driven by macro news (war scare).

Events (3)

1. February 1, 1907 Chartered

Source: historical_nic

2. December 30, 1914 Run

Cause: Macro News
Cause Details: Withdrawals occurred during a wartime scare among depositors (war scare); funds were largely redeposited afterward.
Measures: Bank carried large cash reserves through the period to take care of contingencies.
Newspaper Excerpt: There were some withdrawals of deposits when the scare started, but they were nearly all re-banked and now deposits are increasing.
Source: newspapers

3. September 2, 1932 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. December 30, 1914 Tonopah Daily Bonanza Tonopah, NV

Article from Tonopah Daily Bonanza, December 30, 1914

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Article Text

OUTLOOK FOR NEW YEAR IS PLEASING TO BANKERS WAR SCARE IS OVER AND DEPOSITS ARE ON THE INCREASE With the candle of the old year sputtering in its socket, the mind naturally turns to a review of conditions, particularly financial, during the past twelve months, together with an outlook upon the future. The best source of information on such matters is the local banks and the cashiers of each were led into conversation this morning. J. M. Gregory, head of Tonopah Banking corporation, said: "Since midsummer there has been a material increase in deposits. Prior to that time the war scare caused a little uneasiness among depositors, particularly those who were natives of the nations embroiled, and some accounts were withdrawn, but later they were restored. All anxiety on that score has disappeared and the bank is looking forward to a prosperous year. The advancing stock market has helped out local people to a great extent. Inasmuch as they live close to the field of operations, they were well informed as to developments and in the main made profitable investments. There is an improved demand for Tonopah real estate and merchants and other business men are in more optimistic mood than they have been at any time since the decline in silver. I look for large development work in both central and outlying properties during the coming year." Edward A. James, cashier of the Nevada First National bank, said: "Financial conditions are good. Both banks carried large cash reserves through the season of uneasiness on account of the war, so as to be able to take care of any contingency, but e none arose. There were some withff drawals of deposits when the scare e started, but they were nearly all rey banked and now deposits are increasn ing. The decline at the height of e the excitement was surprisingly is small. While the outlook for the e new year, judging from the physical K. condition of Tonopah's mines, is most t. excellent, financial conditions will deS pend to a large extent upon the price d of silver and there is every reason es to believe that it will materially ad n vance. The new prosperity which d Goldfield is enjoying is reflected in nTonopah."