14654. Virginia City Bank (Virginia City, NV)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
December 20, 1879
Location
Virginia City, Nevada (39.310, -119.650)

Metadata

Model
gpt-5-mini
Short Digest
fdffe8e6

Response Measures

None

Description

Two independent newspapers (Dec 20 and Dec 25, 1879) report that the Virginia City Bank has suspended. Both cite a decline in (mining) stocks / too much mining stock as the reason. No article mentions a depositor run, receivership, or permanent closing or reopening; I classify this as a suspension (no run) and, lacking evidence of failure, mark the episode as suspension_reopening (suspension with no run and no evidence of permanent closure).

Events (2)

1. December 20, 1879 Suspension
Cause
Local Shock
Cause Details
Decline in mining stocks / overexposure to mining securities led to suspension (decline in stocks).
Newspaper Excerpt
The Virginia City Bank has suspended on account of the decline in stocks.
Source
newspapers
2. December 25, 1879 Suspension
Cause
Local Shock
Cause Details
Excessive holdings of mining stock cited as the reason for suspension (Too much mining stock).
Newspaper Excerpt
The Virginia City Bank, Nevada, has suspended. Too much mining stock.
Source
newspapers

Newspaper Articles (2)

Article from Daily Los Angeles Herald, December 20, 1879

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Article Text

f Condensed Telegrams. The Virginia City Bank has suspended on account of the declinein stocks. The half-breed outlaws at Kamloops, who murdered Usher, have surrendered. Jacob Boyer was killed, and Peter Steinhour and George Race injured by the falling of the top coal in a mine at Pittston, Pa. The Census Committee of the House has recommended an increa se of compensation to enumerators in sparsely settled districts to $2 per diem. E. J. Baldwin's case, for alleged irregul ritles at his distillery in Los Angeles county, will COIN up for trial as the 6th of January in the United States District Court. In the late battle between the Chileans and Allies it was very disastrous to the latter. Their camp was taken and thirteen cannons were captured. Many wounded officers were found, including the Bolivian General, Villagas. The Chilean loss was heavy. Chief Justice Wallace has denied the application of W. H. Smallman and Amelia Smallman, his wife, to be admitted to bail peuding an appeal to the Supreme Courtfrom the judgment of the Municipal Criminal Court sentencing them to State Prison for a term of four years each for embezzlement. A Tribune correspondent has interviewed Sherman on the election of Don Cameron as Chairman of the National Republican Central Committee. Sherman says that Cameron would have received a larger vote if he had not been looked upon as an active partisan of Grant. He-claims, however, that he is his friend and Blaine's too, and does not believe that his election has any significance more favorable to Grant than to the other candidates.


Article from The Stark County Democrat, December 25, 1879

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Article Text

and is accordingly in hi ninetymond year. Horatio Seymour says that to see graybeards scrambling for place and power reminds him of Holbein's Dance of Death," and he will never be found making one of such a cotillion. The King of Swaden, in a very largeminded manner, is returning good for evil; he has charged himself with the education of the lad who recently wrote a threatening letter to the Queen demanding money for refraining from killing the Crown Prince. The youth, it will be recollected, declared that it was want or means to continue his studies which led him to his crime. The liabilities of Thomas Neill, of Pe. oria, Ill., are now believed to be $400;000. Nothing has yet been heard from him, and detectives are on his track. Among the herviest losers are the Second National Bank, $130,000; Mechbnics' Bank, $40,000; Kingman & Blossom, $26,000; M. Henebery, $30,000; C.R. Cummings, $55,000; New York cattle shippers, $20.000 Spruck's estate, $50,000. All creditors are very reticent. Some have not a scrap of paper to show for thousands of dollars indebtedness. TAt Carlisle, Pa., last week, Judge Hanin sentenced Mrs. Catharine Bell to be hanged. The Virginia City Bank, Nevada, has suspended. Too much mining stock. At Warren, O., Dennis Hickey, who murdered his wife last march, plead guilty to murder in the second degree, and was sentenced to the Penitentiary for life. At Wooster, on Monday, Rev. Dr. G. W. Coan died of Bright's disease of the kidneys on the evening of the 21st inst., after a long and painful illness. Dr. Coan was for twenty years a missionary in Persia under the management of the Presbyterian Board of Foreign Missions. His health failing him he returned a few years ago with his family and located in Wooster. At Pittsburg, on Monday. S. Leopold. traveling salesman for a Louisville, Ky., tobacco house, was killed by the cars at the Union Depot. Deceased was en route for New York and was waiting for a train at the time of the accident. National debts were of little importance until the French revolution. They now amount to about $20,000,000,000, mostly owed by European States for wars incurred by dynasties, and in which common people had no voice. These debts and standing armies are now the cause of poverty. o The man who holds some gas stock is o the man who is the surest that Edison's electric light is a ridiculous failure. U 4 The Afghans have got through with all c their fall labor now, and are ready to r while away the long winter "evenings with fighting the English. A man fell from a bridge at Bocca, p Nev., and broke his thigh. It was a tl lonely place, and the weather was very p cold. He could not stand in consequence 0 of his hurt, and therefore slowly froze le to death. There were indications that p he tried hard, by rolling about, to keep ti warm, but death could not be fought off. p no The next General Assembly of Ohio fi will contain twelve lawyers in the Senli ate and twenty in the House. There are four farmers in the Senate and thirtyseven in the House. "Sunday in Paris seems to be becoming, in one respect at least," says a Paris q correspondent, " more like-Suaday in H London than it was formerly. Nearly the all the respectable shops are closed, and fr the business traffic in the streets is smail. re John B. Inskeep, a well-to-do farmer ja of Alma Center, Wis.. recently eloped pi with his wife's sister. He sold all his la grain, paid up all his debte, and left his It wife with a young babe four months old. re He owned two farms and had always gr ol stood well in the community.