14635. Nye and Ormsby County bank (Tonopah, NV)

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 23, 1909
Location: Tonopah, Nevada (38.067, -117.230)

Metadata

Model: gpt-5-mini
Short Digest: b8e4ccc8

Response Measures

None

Description

The bank closed/ suspended on Feb 23, 1909 (article says closed its doors Feb. 23) and receivers were appointed and involved in court battles in March 1909. The institution remained in receivership through at least late 1909 and into 1910 with indictments of officers; there is no evidence the bank reopened. Some articles describe the closure as 'voluntary suspension' and as resulting from a 'panic'; the record shows formal receivership and winding up, so I classify as suspension_closure. Bank charter type not explicit in articles.

Events (6)

1. February 23, 1909 Suspension

Cause: Voluntary Liquidation
Cause Details: Article text states the institution closed its doors on Feb. 23, 1909; other pieces call it a 'voluntary suspension' (later reporting calls it 'voluntarily suspended operation a year ago').
Newspaper Excerpt: It was on February 23 that the institution closed its doors with the announcement that the depositors would be paid dollar for dollar.
Source: newspapers

2. March 13, 1909 Other

Newspaper Excerpt: SAFE EXPERT OPENS VAULT OF CLOSED BANK ... The huge vault of the Nye and Ormsby County bank was opened yesterday by an expert safe opener who was called to this city by a telegram from the bank receivers.
Source: newspapers

3. March 17, 1909 Other

Newspaper Excerpt: Bank Examiner T. R. Hofer ... telegraphed C. D. Phillips, former cashier of the closed institution, to take full charge of the affairs of the bank in this city. Receivers refused to turn over the property and effects of the bank and are still in control of the institution.
Source: newspapers

4. March 17, 1909 Receivership

Newspaper Excerpt: You and each of you will please take notice that I am this day in receipt of a telegram ... to take immediate charge and control of the Nye and Ormsby County bank ... T. R. Hofer, 'Bank Examiner.'
Source: newspapers

5. July 18, 1909 Other

Newspaper Excerpt: Frank Golden and J. J. McQuillan, president and vice president respectively of the defunct Nye and Ormsby County bank, which voluntarily suspended operation a year ago, were indicted by the Nye county grand jury today.
Source: newspapers

6. November 13, 1909 Other

Newspaper Excerpt: Judge Langan issued an order settling, allowing and approving first and partial report of receiver ... in the matter of the State of Nevada vs. the Nye and Ormsby County bank.
Source: newspapers

Newspaper Articles (14)

1. March 13, 1909 Tonopah Daily Bonanza Tonopah, NV

Article from Tonopah Daily Bonanza, March 13, 1909

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SAFE EXPERT OPENS VAULT OF CLOSED BANK JUDGE AVERILL ORDERS SAFE OPENED TO GIVE BOX RENTERS ACCESS. The huge vault of the Nye and Ormsby County bank was opened yesterday by an expert safe opener who was called to this city by a telegram from the bank receivers. This act was ordered by the court owing to the applications of persons who had rented safe deposit boxes in the vault who were unable to get access to them. Several days ago a demand was made on Cashier C. D. Phillips to open the vault, which was refused, and Phillips after being found in contempt by the district court, was given permission to go to Reno, where he desired to confer with Frank Golden, president of the bank, relative to the opening of the vault. At that time the receivers apparently saw the necessity of having the vault opened and wired to San Francisco for a safe expert who arrived in this city yesterday morning. By drilling several holes around the combination and lock the entry was easily made.

2. March 18, 1909 Tonopah Daily Bonanza Tonopah, NV

Article from Tonopah Daily Bonanza, March 18, 1909

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CLASH OVER CUSTODY NYE AND ORMSBY BANK Receivers Appointed by the Court Ignore Command of State Bank Commission who Desire to Place C. H. Phillips in Charge of Bank. That a clash is eminent between matters relating thereto,' I hereby make demand upon you that you surthe district court and the receivers of render into my custody and control the Nye and Ormsby County bank on all property and effects of the Nye one side and on the other the state and Ormsby County bank, including board of bank commissioners and the all real, personal and mixed property, bank examiner was revealed yesternow in your custody or under your day when Bank Examiner T. R. Hocontrol. fer, acting under instructions of the "Dated, Tonopah, Nevada, this bank commission, telegraphed C. D. 17th day of March, 1909. Phillips, former cashier of the closed "Respectfully, institution, to take full charge of the "C. H. Phillips." affairs of the bank in this city. The receivers upon receipts of the In conformity with the telegram order refused to turn over the propMr. Phillips served the following noerty and effects of the bank to Mr. tice upon the receivers appointed by Phillips and are still in control of the Judge M. R. Averill in the fifth juinstitution and state they will remain dicial court: there until excused by the court that "To John J. Mullin and Gilbert C. appointed them. Ross, acting as receivers under an A warrant was issued several days order of the fifth judicial district ago for Frank Golden, who is cited to court of the state of Nevada, in a appear to show cause why he should matter entitled 'In the matter of not be charged with contempt of the application for the dissolution court. of the Nye and Ormsby County This was served on Mr. Golden last bank, a corporaion, and the apnight at Carson. There is also a probpointment of a receiver thereof to ability that a contempt charge will wind up its affairs:' be placed against T. R. Hofer, the "You and each of you will please bank examiner, for attempting to intake notice that I am this day in reterfere with the duties of the bank ceipt of a telegram as follows: receivers. Mr. Phillips has already 'Carson, Nev., Mar. 17, 1909. been found guilty of contempt for re'C. H. Phillips, Tonopah, Nev. fusing to turn over the combination am directed by board of bank of the vaults, but the sentence has commissioners to take immediate been postponed. charge and control of the Nye and What action the bank commission Ormsby County bank, and its several will take now is problematical, but it branches. I appoint you to take is thought that they will endeavor to charge in my name of the bank and have their orders carried out, which its property at Tonopah. Answer and will result in the attorney general report. taking action for them in one of the 'T. R. Hofer, district courts in this state. 'Bank Examiner.' A prominent attorney of this city "Pursuant to the instructions conlast evening stated it was his opinion tained in said telegram, and pursuant that the bank commission was evito the authority conferred upon said dently pursuing the same tactics they bank examiner by the provisions of did when they were confronted with section 10 of the act of March 26th, the State Bank failure. That is to 1907, (statutes of Nevada, 1907) enpractically throw the handling of the titled, 'An act creating a board of bank back into Mr. Golden's hands. bank commissioners, defining their He further stated that as all the row duties, providing for the appointment has been caused by Golden it is evident that he is afraid to have the of a bank examiner, prescribing his duties, fixing his compensation, proreceivers proceed with their investividing penalties for the violation of gation and is doing all in his power the provisions of this act, and other to delay them.

3. March 18, 1909 Tonopah Daily Bonanza Tonopah, NV

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That a clash is eminent between the district court and the receivers of the Nye and Ormsby County bank on one side and on the other the state board of bank commissioners and the bank examiner was revealed yesterday when Bank Examiner T. R. Hofer, acting under instructions of the bank commission, telegraphed C. D. Phillips, former cashier of the closed institution, to take full charge of the affairs of the bank in this city. In conformity with the telegram Mr. Phillips served the following notice upon the receivers appointed by Judge M. R. Averill in the fifth judicial court: "To John J. Mullin and Gilbert C. Ross, acting as receivers under an order of the fifth judicial district court of the state of Nevada, in a matter entitled 'In the matter of the application for the dissolution of the Nye and Ormsby County bank, a corporaion, and the appointment of a receiver thereof to wind up its affairs:' "You and each of you will please take notice that I am this day in receipt of a telegram as follows: " 'Carson, Nev., Mar. 17, 1909. 'C. H. Phillips, Tonopah, Nev. " I am directed by board of bank commissioners to take immediate charge and control of the Nye and Ormsby County bank, and its several branches. I appoint you to take charge in my name of the bank and its property at Tonopah. Answer and report. "T. R. Hofer, " 'Bank Examiner.' "Pursuant to the instructions contained in said telegram, and pursuant to the authority conferred upon said bank examiner by the provisions of section 10 of the act of March 26th, 1907, (statutes of Nevada, 1907) entitled, 'An act creating a board of bank commissioners, defining their duties, providing for the appointment of a bank examiner, prescribing his duties, fixing his compensation, providing penalties for the violation of the provisions of this act, and other

4. March 20, 1909 Tonopah Bonanza Tonopah, Butler, NV

Article from Tonopah Bonanza, March 20, 1909

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CONTEMPT PROCEEDINGS CONTINUED Frank Golden, president of the Nye and Ormsby County bank, arrived from the north yesterday, having been summoned by the district court of this city to appear and show cause why he should not be held in contempt of court for refusing to turn over the combination of the bank vaults to the receivers appointed by the court. Mr. Golden was represented in the court yesterday afternoon by Attorney Hugh H. Brown, who asked for a continuance until Monday morning, which the court granted.

5. March 20, 1909 Tonopah Daily Bonanza Tonopah, NV

Article from Tonopah Daily Bonanza, March 20, 1909

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6. May 11, 1909 Daily Independent Elko, NV

Article from Daily Independent, May 11, 1909

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ALMAGUNDI Read our business locals elsewhere. Judge Rutledge and J. W. Puett, two of Carlin's prominent citizens, are promenading around town. Snow fell at a lively rate late yesterday afternoon, but the squall was of short duration. Today is cold and raw for this season of the year. Owing to Sheriff Clark being away and Deputy Harris being busy, the remains of the old squaw, killed by Sarah, have not been brought in. Tom Franks came in from Ruby valley last night. He faced an old-time blizzard most of the 25 miles from the valley to Halleck. He says the valley is quiet and orderly. The White Pine News says that the grand jury is after District Attorney Reeves and will censure him in its report to Judge Brown, if it does not go further and bring about his im peachment. The Lucky Boy mine near Hawthorne harbeen bonded for $1,500,000. This is the mine for which the owners refused $900,000 a few weeks ago. It now looks as if Johnny Miller and his associates knew what they were about when they refused the $900,000 offer. Frank Webb, who has a long string of aliases, has been arrested by the Reno police as the man who held up the proprietors of a livery stable Saturday evening and shot a hostler. Webb has a prison record in California. He is identified by the men he robbed and stands a good chance of serving a long term in the Nevada prison. Kidnapping is a serious crime in Pennsylvania if one can judge from the sentences passed upon James R. Boyle and his wife yesterday at Mercer for kidnapping Willie Whitla. Boyle was sent to the penitentiary for life and Mrs. Boyle was gived 25 years in the same institution and find $5000. These sentences will make kid-napping a very risky business in the Quaker state. The board of commissioners are preparing to issue $50,000 worth of county bonds to pay the indebtedness of Nye county. Nye county had about $66,000 ied up in the Nye and Ormsby County bank at Tonopah, which closed its doors S a result of the panic. About $16,000 f the school funds was included in this um, and the school at Tonopah, Rhyote and other places have been compeled to close their terms much earlier han usual as a consequence. The appointment of Harry Humhreys to succeed Robert Grimmon as S. marshal is said to have closed the of the bitterest fights for a federal opointment in the history of this state. umphreys demanded the office as a ward for managing Flanigan's camaign last fall. From present indica tons, echoes of this fight will be heard the senatorial campaign next year. enator Nixon may have a heap of exraining to do to satisfy Grimmon's fiends that his hands áre clean.

7. May 25, 1909 Tonopah Daily Bonanza Tonopah, NV

Article from Tonopah Daily Bonanza, May 25, 1909

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PERSONAL Ed Clifford, Jr., is in from Stone Cabin. Jim Butler, the father of Tonopah, arrived Sunday from his Bishop home. County Clerk R. G. Pohl paid a visit to the Salisbury Wash district Sunday. J. Vincent Shaw, the Rhyolite attorney, is transacting business in Tonopah. Deputy Sheriff Vail Pittman visited Manhattan Sunday, returning in the evening. N. B. Phillips spent Sunday in the Salisbury Wash district, returning that evening. George Hall, receiver of the Nye and Ormsby County bank, arrived Sunday from Reno. H. W. Scheld returned yesterday from Mina, where he has spent several days on mining business. Mrs. J. P. O'Brien passed through Tonopah yesterday morning enroute from San Francisco to her home in Goldfield. W. B. Sollender and daughter, Miss Lenore Sollender, came up from Bishop Sunday and will remain here for several days. C. S. Wilkes and W. B. Holleran came over from Goldfield yesterday afternoon and continued on to Manhattan in their auto. Dick Johnson, the Tonopah and Tidewater railway official, came up from Rhyolite yesterday, looking after the interests of the railroad company. F. B. Mayers, attorney for the Tonopah Lumber company. arrived from Reno on yesterday morning's train and will spend several days here attending to legal business. Paul Tarpey, Tom Kendall, Arthur Rayeraft and John Rogers returned yesterday from the Lucky Boy distriet, where they have spent the last week in looking over that country. Jack Barrier, known from coast to coast as "Happy Jack." came in from Salisbury Wash Sunday evening. Jack has secured a number of claims in this district, several of which have excellent showings.

8. September 29, 1909 Tonopah Daily Bonanza Tonopah, NV

Article from Tonopah Daily Bonanza, September 29, 1909

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made no examination of the real property of the bank, the court listened with attention. Golden stated that the receiver should have at least $50,000 more on hand than he has and the court requested a list of the accounts Golden considers can be collected by simply going after them. Golden also paid his respects to the attorneys for the receiver. and Hofer, declaring that they have publicly stated that the assets are worth little or nothing, but the court stated that he would strike this out if the request were made. He told how he had educated Hall in the affairs of the bank and made a statement as to the first report Hofer made as bank examiner on the condition of the bank. On cross examination by Boyd Golden said that the First National bank at San Francisco holds about $270,000 worth of collateral security for about $130,000 worth of loans, that the collateral security is good, and that it will more than pay off. and then Boyd asked him if this is why he pledged his property to the First National Bank. On further cross examination Golden stated that he has never deeded any of his personal property to the Nye and Ormsby Couny bank to secure his own indebtedness to the in1 stitution, that he does not regard his S property pledged to the First National 1 bank of San Francisco as guaranteeing any of the loans of that bank to the Nye and Ormsby County bank, and that he has not deeded any of his personal property to help the bank S out, but has deeded it to protect his individual loans from the First Nat1 ional bank. e In face of the statements frequently r made that Golden impoverished himself to pay off the Nye and Ormsby S County indebtedness, the statement e was received wih surprise by the

9. November 13, 1909 Tonopah Bonanza Tonopah, Butler, NV

Article from Tonopah Bonanza, November 13, 1909

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# Hon. Judge Langan Talks, # and the N. & O. C. Depositors # Smile a Sickly Smile This morning in the district court Judge Langan issued an order set- tling, allowing and approving first and partial report of receiver, first supplemental report of receiver and second supplemental report of re- ceiver and orders in reference there- to, in the matter of the State of Ne- vada vs. the Nye and Ormsby Coun- ty bank. After reciting the history of the case as regards the appointment of Mullen and Ross of Tonopah as re- ceivers and the later dismissal of these gentlemen by an order of the court and the later apointment of George S. Hall as receiver of the bank, the condition of the bank from a financial standpoint, and the orders that have been issued in the case by the court, the court ordered that the receiver of the bank pub- lish an order directing all persons having claims against the Nye and Ormsby County bank to present the same, duly verified, to the receiver of that institution. Also that an order that all per- sons interested in claims filed for services rendered appear before the court on the 15th day of November, and show cause why the claims should not be paid. The action of the receiver in ac- cepting a settlement from one Thom- as P. Scott of Washoe county of an amount of money owed the Nye and Ormsby County bank was approved by the court, and the receiver was ordered to isue a full acceptance of the said amount. The court also ordered the re- ceiver to sell ten shares of the stock of the Farmers and Merchants Nat- ional bank which is held by the Nye and Ormsby County bank at $100 a share. The receiver was ordered and di- rected to pay all taxes due or to be- come due on the property of the Nye and Ormsby bank, and to pay all interest charges now due or to become due from any indebtedness due to the First National bank of San Francisco. The receiver was authorized to of- fer for sale the lots owned by the bank in Manhattan and if no better offer than that made by the Presby- terian church of that place be made, to sell the same for the sum of $50. In the matter of the transfer of property situated in the State of Texas to secure the note and in- debtedness of one Wells Morton and the claim being made that the same is fraudulent, the court ordered that the owners of said land by their at- torney be given 30 days to appear before this court and file petition setting out a full statement of the facts concerning said alleged claim and to show wherein the deed to the Nye and Ormsby bank is fraud- ulent. After which the court will issue what orders it deems meet and proper. The court then says regarding the resignation of the receiver: "And it further appearing to the court at this time, that the receiver, George S. Hall, is dissatisfied with his position as receiver of the Nye and Ormsby County bank, and that he is desirous of resigning from his said office of receiver, and from the duties thereof and connectted there- with, it is hereby ordered that said receiver, George S. Hall, present to this court on the 15th day of No- vember, A. D. 1909, at the hour of 10 o'clock a. m. thereof, his final report and account as such receiver, together with his resignation as re- ceiver of the Nye and Ormsby Coun- ty bank, at which time and place this court will make such further orders as may be met in the prem- ises." After the reading of the orders court took a recess until 1:30 this afternoon. -Carson Appeal.

10. November 13, 1909 Tonopah Bonanza Tonopah, Butler, NV

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This morning in the district court Judge Langan issued an order settling, allowing and approving first and partial report of receiver, first supplemental report of receiver and second supplemental report of receiver and orders in reference thereto, in the matter of the State of Nevada vs. the Nye and Ormsby County bank. After reciting the history of the case as regards the appointment of Mullen and Ross of Tonopah as receivers and the later dismissal of these gentlemen by an order of the court and the later apointment of George S. Hall as receiver of the bank, the condition of the bank from a financial standpoint, and the orders that have been issued in the case by the court, the court ordered that the receiver of the bank publish an order directing all persons having claims against the Nye and Ormsby County bank to present the same, duly verified, to the receiver of that institution. Also that an order that all persons interested in claims filed for services rendered appear before the court on the 15th day of November, and show cause why the claims should not be paid. The action of the receiver in accepting a settlement from one Thomas P. Scott of Washoe county of an amount of money owed the Nye and Ormsby County bank was approved by the court, and the receiver was ordered to isue a full acceptance of the said amount. The court also ordered the receiver to sell ten shares of the stock of the Farmers and Merchants National bank which is held by the Nye and Ormsby County bank at $100 a share. The receiver was ordered and directed to pay all taxes due or to become due on the property of the Nye and Ormsby bank, and to pay

11. December 7, 1909 Tonopah Daily Bonanza Tonopah, NV

Article from Tonopah Daily Bonanza, December 7, 1909

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# SAN FRANCISCO # BANK WANTS MONEY # FROM COUNTY OLD NYE AND ORMSBY COUNTY BANK NOTE PRESENTED TO COMMISSIONERS "Nothing doing" was the unanimous decision of County Commissioners Sam F. Lindsay and W. T. Cuddy yesterday when a note for $7485.05, formerly held by the Nye and Ormsby County bank, was presented for payment. The commissioners secured the above sum from the bank on December 7, 1908, with interest at 12 per cent per annum. The local institution, now defunct, transferred the note to the First National bank of Goldfield, which in turn endorsed it over to the American National bank of San Francisco. Yesterday the note was received by the Nevada First National bank, with a letter asking that it be presented to the commissioners for payment. This is the self-same note which the county commissioners tendered a check to redeem prior to the closing of the bank. The cashier at the bank stated that the note was in Carson but would be returned in a few days. Incesant demands were made for the note and each time the bank officials stated that it would be returned shortly. After the bank closed its doors it was learned that the note had been hypothecated to the First National bank of San Francisco, and all the time had been in the keeping of that institution, instead of in Carson. The hypothecating was done at the order of Frank Golden, who afterwards stated that the notes would be turned over to Nye county if George Hall was appointed receiver of the defunct bank. Hall was appointed but the notes have never been turned over, and there is a likelihood that they never will be voluntarily. The board contends that as the Nye and Ormsby County bank had on deposit some $60,000 of the county's money at the time the doors were closed, the bank's indebtedness to the county is off-set by the notes. It is not known what action the San Francisco institution will take in an endeavor to recover the face value of the note, but it is probable that legal proceedings will result.

12. December 11, 1909 Tonopah Daily Bonanza Tonopah, NV

Article from Tonopah Daily Bonanza, December 11, 1909

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MORE PATIENCE IS NEEDED. How long, oh Lord, how long? Receiver No. 4 of the defunct Nye and Ormsby County bank was appointed yesterday. and we wonder how long it will be until No. 5 takes charge of the bank's affairs. The proceedings in the past have been but a hollow mockery, a sort of a comedy with the poor depositors as the spectators. And a rather punk comedy at that, bearing more resemblance to a joke. It was on February 23 that the institution closed its doors with the announcement that the depositors would be paid dollar for dollar. (Don't smile, for this is a serious question.) The P. D. (poor depositors) have waited in vain for the D. F. D. (dollar for dollar) and it is probable, now that they have acquired the waiting habit, that the 'in vain' will be extended. However, there is a ray of hope in the appointment of Thomas Lockhart, and appearances indicate that he will not be dictated to by Frank Golden. This last named gentleman was desirous of having his henchman appointed and the court, in thwarting the request, is to be congratulated. Receiver Hall secured the position through the inuence of the former president, and the result of his term in office has not shown anything favorable to the depositors, with the exception of a large stack of legal bills, if this may be termed favorable. There is only one remedy at hand and that is to patiently wait, the same as the citizens of Tonopah are waiting patiently for the installation of the fire reservoir as promised by Colonel E. G. Wheeler of the Tonopah United Water company, some months ago.

13. July 19, 1910 Los Angeles Herald Los Angeles, CA

Article from Los Angeles Herald, July 19, 1910

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DEFUNCT BANK'S OFFICERS NOW UNDER INDICTMENT President and Vice President of Nevada Bank Jailed TONOPAH, Nev., July 18.-Frank Golden and J. J. McQuillan, president and vice president respectively of the defunct Nye and Ormsby County bank, which voluntarily suspended operation a year ago, were indicted by the Nye county grand jury today. Golden was indicted on two counts. One charged embezzlement and the other receiving deposits when the bank was known to have been insolvent. McQuillan was indicted on a charge of embezzlement, it being asserted he instructed the cashier of the bank to receive deposits when it was insolvent. Golden was liberated on two bonds of $5000 each and McQuillan gave a bond of $5200.

14. November 5, 1910 Tonopah Daily Bonanza Tonopah, NV

Article from Tonopah Daily Bonanza, November 5, 1910

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# RECEIVER LOCKHART FILES # REPORT WITH THE COURT T. G. Lockhart, receiver of the Nye and Ormsby County bank, has filed his first report with the district court. It is a fine piece of work and covers every transaction that he has made since he took charge of the affair. The report shows that since the closing of the bank about 70 per cent of the indebtedness has been paid off and the prospects are bright for a dividend for the depositors before very long.