Nye & Ormsby County Bank (Manhattan, NV)

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ANOTHER FALL

Carson City, Oct. 23.-The announcement by the State Bank and Trust Company that it had suspended, caused a panic among the depositors, and a rush was made on the Nye & Ormsby county bank, with the result that the latter has closed its doors also. The following notice was posted on the window of the state bank: "The State Bank and Trust Company announces its suspension. It is able to pay all depositors as soon as conditions become more settled and collections are made." All mining and other stock is intact and subject to delivery. A general convention of the bankers of the state is being held in Reno in the hope of adjusting affairs throughout the state. Some months ago the State Bank and Trust company WS a heavy loser when the Sullivan Trust company of Goldfield went to the wall. The bank took over its properties, and the market has forced the bank to call ,in all

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WESTERN FAILURES

A Number of Nevada Institutions Close Their Doors. Reno, Nev., Oct. 24.-The State Bank and Trust company with headquarters at Carson and branches at Goldfield, Tonopah, Manhattan and Blair has closed its doors. The state bank examiner is in charge. Difficulty is due to inability to realize on stocks placed as security for a loan made the Sullivan Trust company last year. T. B. Rickey, president of the bank. is one of the wealthiest men in the state and the bank assets are thought to exceed. liabilities. No fear is entertained that depositors will lose a cent. Hickey is now in San Francisco. Following the announcement that the State Bank and Trust company had temporarily suspended, the Nye & Orsmby Co., bank, Frank Golden, president of Carson, Tonopah, Goldfield, Manhattan and Reno, put out a sign stating that the bank would be closed for three days in order to have sufficient coin shipped in to prepare for any run. There is no excitement and the feeling prevails that there will be no failure. Goldfield, Nev., Oct. 24.-The State Bank and Trust company has closed its doors. A notice posted on the door says that the suspension is on instructions from the home bank of Carson City and is due to the heavy drain on deposits during the last few months following the labor troubles and the inability to make collections. The notice further says that the resources are ample to pay all depositors in full. It is generally believed that the suspension of the Goldfield institution was due wholly to the difficulty that beset its sister banks controlled by T: B. Rickey who is the head of the reorganized Sullivan Trust company.

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number of depositors of the pres- Nye A Ormsby County Bank were tnd the meeting of the depositors eat called at at the Court House last ening by Chartz Alfred who Chartz. had called the Mr. at the request of bank a number was meeting the depositors in the of unanimously of appointed chairman Jr. the meeting and James D. Finch. acted as Secretary. Chartz then adressed the of gath- the Mr. and explained the object it had ing and for what purpose the Dirmeeting called. He stated that pledgectorsand been stockholders had not of the fortunes to the support would institution their and stated that they they were dollar for dollar if of their pay compelled to use every cent done by wealth as had been Directors and private President. Board of Bank and Stockholders the of the State for these He said it was the duty Trust Company would to take an oath that they had enmen the depositors who to the protect their savings to them further trusted of every dollar. He stiteextent they had published liabilities no said that as to their assets or way of ment the people had no in and that the bank stood knowing how He said that it was financial way of the depositors to the apthe duty comittee to investigate ascertain point a of the bank and condistanding possible the exact financial he underif Mr. Chartz said that drawn tion. that $5000 had been doors stood the institution after the of last from been closed on the 23d of the had by D. M. Ryan. one given to directors month of the bank and This County was Treasurer deposited Patterson. by Ryan the county is on money bank and as Mr. Mr. in the of the county treasurer money the bond said he understood the to proChartz given to Mr. Ryan so the as county was as bondsman of that tect him Mr. Chartz declared and h treasure. action was strictly unfair belong0 this and that the money the direcdishonest people and not to bank ed to. and the stockholders of any the man. 0 the tors the bondsman of after S nor to James Sweeney arose after statt Mr. had finished and not been t chairman that the meeting had official h ing called by permission of any were un bank and that they they of the meeting until S S aware notice of the in the paper. He the said bank 1 the was the only airector of it his o he in this city he thought living to make a statement. n personal Ormsby duty "the Nye knowledge, said To my and for 11 Mr. Sweeney Bank is able to pay It dollar should g dollar County to its depositors. same category e not be banks placed that in have the failed or at sus- the with are short of coin finanpended. time We due to the entire general country. at cial present are condition in no way of the responsible merely for fell the a c present We condition but panic of the e the financial institun victim to with hundreds of counit tions East along in different parts of the er other in try. "I feel safe in saying better that securities no d the state has has the at bank in monies loaned than Our m for the and Ormsby County with Bank. the mark esecurities Nye today, even will more ut in the present condition, moneys loaned. r ets on the that al than realize people must not forget at "The must be protected depositor ke the borrower as much as the and p this time of nine are borrowers suffer any ot Seven they must out not the be depositor. made to Would more than to forclose on our mortgages simbe right homes and personal property want their 10 on because the depositors notice? Would er ply a minutes to the money on to drive people depositors w itbe simply right because a will few of the maj c ey object wall and to bow sign to the the agreement for which dollar ority for them dollar interest on the ip ey Id of will same their get at think deposits the "ate so and of and 3 1/2 for per that to cent? give reason We us the don't asked our depositors on out have desired time to realize

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This morning at 9 o'clock the Nye & Ormsby County bank in Carson City, Reno, Tonopah, Goldfield and Manhattan resumed business once a.m. The business in this city was about as usual before the suspension and it certainly loks good to see the bank open for business with a tray full of real m ey the kind with the eagle and "In God We Trust" on it. President Frank Golden of the banks spent today in this city and stated to a representative of the Appeal that he had received word from his other banks and that in all the places business had been good. "We

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This morning the First National Bank of Carson City opened its doors to the public and Carson City now has a bank with the government support and guarantee. This bank will succeed the old Nye and Ormsby County Bank which was among the other banks of the state that was forced to close its doors at the time of the financial panic a year ago next month. The suspension was only temporary, however, and on the first of the present year the institution resumed a banking business with the support of a majority of the depositors who had signed an agreement to stand by the directors and president in their effort to resume business. This they did with the result that at the present time the institution has liquidated 95 per cent of their indebtedness and will be able to wipe the other 5 per cent off their books in a comparativly short time. Shortly after the panic the president of the Nye and Ormsby county Banks announced that the banks would be changed into National institutions with local boards of directors and president as soon as it was possible to do so and every bank in the chain would be made local institutions, individual from the others. The first to be changed was the Goldfield branch and the bank here which opened for business today is the second. The bank at Reno will protably be the next to fall in line. The Nye and Ormsby County Bank in this city will continue in existence until all creditors are reimbursed and when the business is finally wound up the old institution will go out ot existence. Both banks will do business in the one building the National

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SERIOUS RUN MADE ON BANK REPORTS OF UNSOUND CONDITION OF CARSON CITY INSTITUTION UNTRUE. Carson City, Nev., Feb. 23.-A serious run on the First Natnonal bank of this city was precipitated today by the circulation of a rumor that the institution was unsound. The money on hand, however, was sufficient to meet all demands up to closing time and the bank officials declare that all depositors wishing to withdraw their money will be accommodated without delay. The excitement was increased around closing time by the arrival of a message stating that the Tonopah, Goldfield and Reno branches of the Nye & Ormsby County bank had suspended. Taken in connection with the fact that the local branch of that bank was not open for business at any time today, the news caused a veritable panic among the depositors. The Carson Valley bank of this city received more money than it paid out today and its officers state that its deposits are intact. The cashier of the national bank issued a statement tonight to the effect that 65 per, cent of deposits were now on hand and more money would be received from Reno in the morning.

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RUMOR STARTS SERIOUS RUN ON NEVADA BANK Carson City, Nev., Feb. 23.-A serious run on the First National bank of this city was precipitated today by the circulation of a rumor that the institution was unsound. The money on hand, howeverfi was sufficient to meet all demands up to closing time and the bank officials 'declare that all depositors wishing to withdraw their money will be accommodated without delay. The excitement was increased around closing time by the arrival of messages stating that the Tonopah, Goldfield and Reno branches of the Nye and Ormsby county bank had suspended. Taken in connection with the fact that the local branch of that bank was not open for business at any time today the news caused a veritable panie among the depositors. The cashier of the National bank issued a statement tonight to the effect that 65 per cent of deposits were now on hand and more money would be received from Reno in the morning.

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COMMISSION GETS BUSY The county commissioners finished up a lot of business yesterday and not the least important was a demand upon the bondsmen of the county clerk and treasurer for the money deposited by the treasurer in the Nye and Ormsby County Bank. The clerk, who is ex-officio treasurer presented his quarterly settlement with the commissioners showing a bank book calling for a deposit of $19,477.61 in the Nye & Ormsby County Bank and the balance in cash. The commissioners calied in the bondsmen, Frank Golden, Henry Decker, Paris B. Ellis and James Rayeraft and made a demand upon them for the money on deposit. the bank being in progress of liquidation. The bondsmen notified the commis sioners that they could not produce the entire amount at once, but presented a plan of payment to the commissioners. They were given until July 20 to arrange for the payment of the money. The funds of the county on deposit are, according to the bank officials. secured, and the county will not lose anything, but the process of law in receivership precludes the possibility of getting an immediate settlement and the bondsmen will come through taking proper assignments and re ceipts for the money as fast as paid and will recover from the bank when the receiver pays off. All bids for road rollers. for cement and for work on the county building were rejected and the clerk was ordered to file new advertisements for bids. It seems that in advertising for road rollers the cali for bids was couched in such language as to preclude the possibility of competitive bidding on the part of some firms and there was also a large discrepancy in the bids. One firm of fered an Iroquois roller for $2950 and another offered it for $3150. One bid was as low as $2500 and another as high as $3200. The county advertises now for a ten ton rolier and every maker of rollers will have a chance to show what his machine can do in a demonstration to be held August 6 in this county. The county also wants linoleum with which to cover the floor of the justice court and wants new bids on the improvements to be made on the county building. The commissioners passed a resolution forbidding the assignment of claims against the county until said claims are acted upon by the county commissioners and become legal claims. The collapsible forms for cement culvert construction arrived yesterday and will be used hereafter in the construction of ali road and street culverts. The county clerk was authorized to furnish his office with a typewriter and a typewriter desk and he is in the market for the same. The clerk reported the issuance of 258 game licenses and the collection of $267 for the same. There is some talk about sewer connections and street work in Carson City but no official action. ,Bills were passed for road work and other county expenses, the reports showing the county to be in good financial condition and but one deiinquent tax payer in the whole county.

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Pursuant to an order of Judge Lan and Receiver Hall, of the Nye in his gan. County Banks brought today. Ormsby first report of the banks affairs affair. report is a voluminous the entire business at the time they were details banks The the exhibits closed. of 28, 1909, and contains affairs Feb. joans. deposits and other are of the bank to show just where the amof assets of the bank and ounts the due the banks creditors. the usual details of the pre- the After to the statements in which bank amble says that affairs of the the rereceiver in an "amazing tangle" of the are says that the "failure and port was due to incompetence of bank mismanagement. that the affairs have bank show that large loans notes, said made upon individual notes been any security and upon upon by real estate secured by mining secured without and property greatly notes stocks which have of in value, and affacts the settiement and depreciated these mining in of view the careful of the banks requires that fairs and nursing in order for handling best results may be obtained and the depositors and the creditors the the creditors must be patient. Receiver says he found in that the The of the banks $2930.49 and bring safes has collected sums that now this he balance up to $13,128.04. conclusion he says: "Your he has reIn deplores the fact that in given the not out the which straightening ceiver been tangled affairs assistance condiof the company's from tion he was entitled to and directors of he feels officers have the he bank has the that in some instances assistof and been hampered rather than greatest compiaint he makes and that The $436,358.70 worth of loans to othdiscounts is have been pledged secure the banks and persons to the er payment of $158,146.48 which stress. San bank borrowed in time of of The First National Bank to secure holds $320, .6.04 First NaFrancisco of $139,441.60. The a Bank of Goldfield holds Patrick, $11,792.69 L. L. nonal Joan secure National $9941.60 Bank to of the First to seholds all of of $6,000.00 president Goldfield loan $105,436.05 and payment are of care pressing a the receiver for thereon. fact these loans and interest the that by reason of banks He says greater part of the perthat are in the hands of and assets he cannot get at them bank sons the other that was time before the bank could for some the officers of the in this at them. He says of said not that the makers closed connection get on said have made payments of and bills to the & Ormsby county said books notes notes Nye officers bank which the been credited on the bank but were used of of said bank in its own counters have said not payments over busi- he SO He says these as ness." will amount, as far also used about $10,000. He says knows. that to payments made by debtors Mrs. Robinson. wife of Dr. Robin-

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Nye & Ormsb ank Affairs

The hearing of the Nye & Ormsby Bank affair was continued last week in Judge Langdon's Court, and testimony was secured by the attorneys representing George Hall, the receive that the Nye & Ormsby County Bank owned a large block of the stock of the First National Bank of Carson, which is still doing business, although the Nye & Ormsby County Bank is defunct. The receiver is endeavoring to have this stock turned over to the creditors of the Nye & Ormsby. Yesterday, after much argument, the attorneys for Hall received the Court's permission to examine the books of the First National, with the result, it is said, that some sensational exposures will be made.

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GOLDFIELD BANK

HAS BROUGHT SUIT

AGAINST NYE CO.

SEEKS TO RECOVER ON PRO- TESTED NYE AND ORMSBY BANK NOTE

Yesterday afternoon, E. F. Patrick, the Goldfield attorney, filed at the county clerk's office a suit to recover $7485.05, with interest, from Nye county. The suit is entitled the First National Bank of Goldfield versus County of Nye of the State of Nevada, and is brought on a certain promissory note executed on the 7th day of December, 1908, to the Nye and Ormsby County bank, with interest at the rate of 12 per cent' per annum, which amounts to $923.15. Patrick also asks for $1000 as attorney's fees.

This is the beginning of another interesting chapter in the episodes surrounding the closing of the Nye and Ormsby County bank. Several months before the now defunct institution closed its doors, a number of attempts, were made to take up the note and more than once checks were presented. Each time came the information that the note was in Carson and would be immediately sent to this city. But after the bank had suspended, it was learned that the note had never been in Carson, but had been hypothecated to the First National bank of Goldfield by President Frank Golden of the Nye and Ormsby. The note was transferred by the Goldfield bank to the American National bank of San Francisco.

The San Francisco bank presented the note to the county commissioners for collection at their meeting during the fore part of this month, but the board refused to make the payment on the grounds that there is over $60,000 now on deposit in the Nye and Ormsby bank.

The trial will be an interesting one and some sensational facts regarding the Nye and Ormsby and First National of Goldfield will be brought to light.

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GOLDFIELD BANK

SUES NYE COUNTY

Monday afternoon E. F. Patrick, the Goldfield attorney, filed at the county clerk's office a suit to recover $7485.05, with interest, from Nye county. The suit is entitled the First National Bank of Goldfield versus County of Nye of the State of Nevada, and is brought on a certain promissory note executed on the 7th day of December, 1908, to the Nye and Ormsby County bank, with interest at the rate of 12 per cent per annum, which amounts to $923.15. Patrick also asks for $1000 as attorney's fees.

This is the beginning of another interesting chapter in the episodes surrounding the closing of the Nye and Ormsby County bank. Several months before the now defunct institution closed its doors, a number of attempts were made to take up the note and more than once checks were presented. Each time came the information that the note was in Carson and would be immediately sent to this city. But after the bank had suspended, it was learned that the note had never been in Carson, but had been hypothecated to the First National bank of Goldfield by President Frank Golden of the Nye and Ormsby. The note was transferred by the Goldfield bank to the American National bank of San Francisco.

The San Francisco bank presented the note to the county commissioners for collection at their meeting during the fore part of this month, but the board refused to make the payment on the grounds that there is over $60,000 now on deposit in the Nye and Ormsby bank.

The trial will be an interesting one and some sensational facts regarding the Nye and Ormsby and First National of Goldfield will be brought to light.

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SLOW WORK TO GET IN SHAPE SAYS THOS. LOCKHART

NYE & ORMSBY BANK OUTLOOK IS GROWING BRIGHTER DAILY.

T. G. Lockhart and E. S. Van Dyck returned yesterday from Carson City and Reno, where they have been on business connected with the settlement of the affairs of the defunct Nye & Ormsby county bank, of which Mr. Lockhart is receiver. Mr. Van Dyck says that they are gradually getting the tangled affairs straightened out, but it is slow work, considering the assets that were left after three of the principal creditors of the bank took their pick of the securities on hand at the time of the failure. There is still some chance, however, of realizing something on the present assets in the hands of the receiver, as several of the debtors of the bank who were practically bankrupt when the crash came are getting into good shape financially and will be able to pay off most of their indebtedness. The final settlement is nevertheless a slow process, but results are being attained.--Goldfield Tribune.

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SOME ITEMS REGARDING LOCAL BANKING AFFAIRS New Law May Create a Change in Positions have the destiny of the pending suits The law that lately passed the Legin his hands. It will also result in islature which names the State Bank the shaving down of an enormous Examiner as receiver for all defunct salary fund, which should be some banks, is causing considerable agitacompensation to the depositors. tion among the many who have inIn the case of the people against terests in both the State Bank and the Nye & Ormsby County Bank this the Nye & Ormsby. suit is hanging fire. The suit was Under the new lay the State Bank brought against the bondsmen of E. O. Patterson. Mr. Patterson as the Examiner, Gene Howell, will take OVer the business of receivership, thus County Treasurer, deposited some doing away with the present receivnineteen thousand dollars in the Nye ers of the two banks. Should this & Ormsby Bank. The funds were procedure prevail it will save a very supposed to be protected by a bond large amount of money for the designed by a number of bondsmen. There has never been a dollar colpositors. In the meantime the suit being lected and the money to date seems brought by Receiver Wildes in the as good as lost, while the county is District Court against the Directors being run without cash in sight. In order to force some settlement is being heard. The case comes up on this score a suit was entered askagain on the 27th of this month. As the new law provides that the law ing that the money deposited be becomes effective ten days after havmade a preferred account. This mating been approved it is not likely ter has been heard before Judge Lanthat Mr. Howell Howell can take the gan and a decision is expected by the first steps along the new lines. It is 27th of the present month. Should expected that when he makes applihe decide in favor of the County cation for the books of the two banks Treasurer there is a chance of taking and the keys to the vaults that he over what money there is in sight. will be turned down. The matter Should the decision be against the will then be threshed out in the Treasurer then suit must be started courts, probably going to the District immediately against the bondsmen. Court first and then to the Supreme The fact that this suit has hung Court for action. In the meantime fire since the failure of the bank has the case now on hand will continue. naturally caused a great deal of critiSome months ago investigation was cism. During all the time since this held by Judge Langan relative to the bank failed the county has been short salary that Receiver Wildes was to the amount of money deposited and receive. Expert witnesses were not a cent has been paid over. brought here to give testimony as to As the new 'law effects the Nye & the cash worth of a receiver of a deOrmsby Bank it is possible that Exfunct institution. Judge Langan has aminer Howell will be called upon to never handed down his decision in institute the suit or defend it as the this matter, and many interested decase may be. There are many people positors are wondering how much of in this city who are convinced that their money Mr. Wildes is being altime enough has elapsed between actions and that some course must be lowed by the Judge. The case of the attorneys is in like quandry. Judge mapped out. The late switching of Mack some time ago stated that his affairs by the newly framed law is bill was $20,000. How much the apt to result in a great deal of beneCourt will allow is in question. fit or throw the entire affair back to Should the Supreme Court decide its first stages. It will certaily keep Mr. Howell on the move to untie the that the new law is valid Eugene Howell, the Bank Examiner, will tangle.

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have the destiny of the pending suits in his hands. It will also result in the shaving down of an enormous salary fund, which should be some compensation to the depositors. In the case of the people against the Nye & Ormsby County Bank this suit is hanging fire. The suit was brought against the bondsmen of E. O. Patterson. Mr. Patterson as the County Treasurer, deposited some nineteen thousand dollars in the Nye & Ormsby Bank. The funds were supposed to be protected by a bond signed by a number of bondsmen. There has never been a dollar collected and the money to date seems as good as lost, while the county is being run without cash in sight. In order to force some settlement on this score a suit was entered asking that the money deposited be made a preferred account. This matter has been heard before Judge Langan and a decision is expected by the 27th of the present month. Should he decide in favor of the County Treasurer there is a chance of taking over what money there is in sight. Should the decision be against the Treasurer then suit must be started immediately against the bondsmen. The fact that this suit has hung fire since the failure of the bank has naturally caused a great deal of criticism. During all the time since this bank failed the county has been short the amount of money deposited and not a cent has been paid over. As the new 'law effects the Nye & Ormsby Bank it is possible that Examiner Howell will be called upon to institute the suit or defend it as the case may be. There are many people in this city who are convinced that time enough has elapsed between actions and that some course must be mapped out. The late switching of affairs by the newly framed law is apt to result in a great deal of benefit or throw the entire affair back to its first stages. It will certaily keep Mr. Howell on the move to untie the tangle.

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NEW BANKING LAW

The new banking law which names the bank examiner as receiver for all defunct banks is causing considerable agitation among the many who have interest in both the State Bank and the Nye Ormsby says the Carson Appeal.

Under the new law the State Bank Examiner Howell will take over the business of the receivership, thus doing away with the present receivers of the two banks. Should this procedure prevail it will save a very large amount of money for the depositors.

In the meantime the suit being brought by Receiver Wildes in the district court against the directors is being heard. The case comes up again on the 27th of this month. As the new law provides that the law becomes effective ten days after having been approved it is not likely that Mr. Howell can take the first steps along the new

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NYE 8 ORMSBY BANK HOPELESS Thos. G. Lockhart, vice president of the Florence, arrived from Los Angeles this morning on one of his usual trips of inspection of the mine. He will remain here several days. Speaking of his application to Judge Langan at Carson City to be relieved of his duties as receiver of the Nye & Ormsby County bank, Mr. Lockhart said: "I do not see that I. can do any more good for the interests of the bank and its depositors. It looks like a hopeless case to try to get anything out of the alleged assets of the institution. Most of the outstanding claims are practicaly worthless, representing large amounts of money loaned upon no better security than an T.O.U. with nothing back of it. The assets of the bank had been picked over half a dozen times before I took hold of it. yet I was hopeful that I could do something for the depositors by entting down the expenses nd realizing on what assets there was a possbility of I getting something out of them. have served as receiver practically without compensation The further I have gone into the affairs of the bank. the more I learned of the recklessness with which money was loaned out to almost anyone who had the nerve to go to the cashier's window and ask for almost any sum he wanted. "If the court is willing to let me retire as receiver, 1 am ready to file my settlement and final account and let someone else take charge of the remains.-Go:dfield Tribune.

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NOTICE TO CREDITORS

NOTICE IS HEREBY GIVEN, that on the 11th day of September, 1911, at 10 o'clock a. m., at the courtroom of the First Judicial District Court of the State of Nevada, in and for Ormsby County, in the courthouse, at Carson City, Nevada, said court will hear the Final Account and Report of T. G. Lockhart, as Receiver of the Nye & Ormsby County Bank, now on file in said court, and will consider his resgination as such Receiver, and that at said time and place said Receiver will apply to the Court for an order allowing and approving said Account and Report, as presented, and discharging him from said trust.

All depositors, creditors and persons desiring to object to said Account and Report, or to the discharge of said Receiver, are required to file their objections thereto, in writing, in said court and also to mail a copy thereof to Van Dyck, Smith & Danforth, attorneys for said Receiver, at their office Rooms 309-312 Clay Peters Building, Reno, Nevada. Dated, August 15, 1911.

T. G. LOCKHART, Receiver of the Nye & Ormsby County Bank.

Van Dyck, Smith & Danforth, Attorneys for said Receiver.

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NYE & ORMSBY BANK CASE IN JUDGE LANGAN'S COURT The Carson Appeal of Monday writing and other expenses bring says: the amount to approximately $23,000 ,while the collections are pracThe hearing of the petition for tically in the same figures, thus discharge from the receivership of eating up the amounts received, the Nye & Ormsby bank by T. J. which were expected to go to the Lockhart, came up before Judge depositors. Langan and will occupy the best At the time of the failure in Ocpart of today. Mr. Lockhart asks tober, 1907, the bank owed deto be relieved from the further poitors and other creditors the sum management of the bank on the of $1,800,000. Upon re-opening, as grounds of ill health and personal the bank did for several months, business interests which are occuthe sum of $1,400,000 was paid Dying his attention. out or distributed through transIt is stated that in order to fers and other means, leaving at make further collections that lawthe present -time approximately suits will be necessary, and this $400,000 due depositors and banks would occupy too much of Mr. with other creditors. Lockhart's time in the different It is believed that this sum can courts where the suits are instiyet be trimmed by selling some tuted. securities that are held in the Mr. Lockhart took the receiverbank by the receiver. ship with the understanding that Ed Patterson, county clerk of he was to serve without compensaOrmsby county, has made application. It develops that while he retion for the receivership, this beceived no money for his work, that ing the only written application the lawyers and other expenses received by the judge. exceed, or at least will equal the The matter of appointing the amounts received in cash. new receiver will be taken up upon A supplemental report will be filed the final settlement with Mr. Locksince the application was made, givhart and this will probably be coning the figures as they are at the cluded tomorrow. present time. It is shown by the It is understood that verbal aporiginal report that lawyers' fees plications for the receivership are amounting to $7150 have been filed. to be made by others representing It is possible that the judge may the heavy interests outside this trim them to some extent. Týpecountry.

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REDUCED THE BONDS At a short session of the District Court held yesterday afternoon Jud ge Langan took up the matter of the Nye & Ormsby County Bank and the appointment of Ed. Patterson as the receiver. The Judge ;reduced the original bond from $125,000 to $50,000.

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In the District Court of the First Judicial District, State of Nevada, in and for the County of Ormsby. State of Nevada ex rel R. C. Stoddard, Attorney General et al., Plaintiffs, vs. Nye & Ormsby County Bank et al., Defendants.

PURSUANT to the petition of E. O. Patterson, receiver of the above- defendant bank, filed herein, asking for an order permitting him to set- tle and compromise with T. W. Kendall the claim of said receiver- ship against the said T. W. Kendall, to-wit: $19,651.36 for a cash pay- ment of $10,000 in the manner as set forth in sald petition: It is hereby ordered that said petition will be heard on the 20th day of May, A. D. 1912, at 10 o'clock in the forenoon of sald day, at the court house of the above-entitled court, at Carson City, Nevada, or as soon thereafter as the matter may be heard. It is further ordered that a copy of this order be published for two weeks, daily, in the Tonopah Bo- nanza, a newspaper published at Tonopah, Nevada. Any and all persons having any interest in the subject matter of sald petition may then and there appear and show cause, if any they have, why an order should not be made granting the prayer of said petition. Dated Carson City, Nevada, April 30, 1912.

FRANK P. LANGAN, District Judge. 5-2 to 5-16-Inc.

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REPORTS IN ORDER Now that The State Bank & Trust Company Receiver has published a report covering a period of two years, it maght be of interest to hear from The Nye & Ormsby County Bank along the same lines If there is being anything done along the line of settlement of this latter named concern it is not in evidence. There is a decision of some kind pending, in fact has been pending for a long time. and interested parties are wondering why, and in the meantime $19,000 belonging to Ormsby County as a special deposit is still in hiding and the taxpayers of this county are paying interest on borrowed money. Why this matter that concern all of the people should be held up for so long a time is past understanding. The Appeal has endeavored to solve the mystery but it is still a mystery. There must be a reason

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No Snap Judgment

GOVERNOR ODDIE is not going to take any snap judgment in the affairs of the State Bank case. He has reviewed the report and the recommendation of the committee, and in reply has asked for the other side of the story. This may seem strange to the fanatics and the others who would condemn any one who was in charge over six months, but it happens that this case has two sides as well as the other matters that are threshed out in dispute.

It is not a matter of friendship in any case, business is never along such lines, it i simply a matter of justice. The accusations against Judge Langan are severe, or rather the intimations are such, as there has never been any direct charge against him. The same can be said of Receiver Wildes. The one charge that he drew a double salary, which he contends he did not, has never been proven. If he had there was no great crime. At the present time th County Treasurer and Clerk of the District Court and also acting as City Clerk of this city, Mr. E. O. Patterson is drawing down a county and city salary along with that of Receiver of the Nye & Ormsby County defunt bank. It has not been contended that he is committing a crime, and he is glad to get the salary both ways and states so.

Fair play is only right. It is so far easier to accuse a man than to prove a statement. In this case no credits have been recorded where they belong. The investigation has