First National Bank (Winnemucca, NV)

Episode Information

Episode UID
357501042
Episode Type
Suspension โ†’ Reopening
Bank Type
national
Bank ID
35750 national
Charter Number
3575
Start Date
October 29, 1886
Location
Winnemucca, Nevada

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
90b5ffabcc34571b

Response Measures

None

Receivership Details

Depositor recovery rate
77.4%
Date receivership started
1932-12-10
Date receivership terminated
1940-09-14
Share of assets assessed as good
28.9%
Share of assets assessed as doubtful
54.1%
Share of assets assessed as worthless
17.0%

Description

Articles include the bank's 1886 charter notice and the 1906 statewide banking holiday in Nevada.

Events (4)

1. October 20, 1886 Chartered
Source
historical_nic
2. October 29, 1886 Other
Newspaper Excerpt
A certificate from the Comptroller of the Currency, authorizing the First National Bank of Winnemucca to commence business, is published in the Silver State. The bank has complied with the provisions of the statutes in all particulars, and is now prepared to transact business.
Source
newspapers
3. April 26, 1906 Suspension
Cause
Government Action
Cause Details
Statewide proclamation by the acting governor and coordinated non-legal bank holiday in Nevada following San Francisco disaster.
Newspaper Excerpt
Acting Governor Allen of Nevada proclaimed a week's holiday in Nevada... Following the proclamations, the Nevada banks all announced a non-legal holiday...
Source
newspapers
4. December 10, 1932 Receivership
Source
historical_nic

Newspaper Articles (3)

Article from Eureka Daily Sentinel, October 29, 1886

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Article Text

LOCAL AND OTHER JOTS. Seraps from the Note-book of the Sentinel's Reporter. Yesterday's quotation of silver, 0.98%. Berg has received a full line of miners' wear. It costs but $10 to get a divorce from a "sealed" wife in Utah. 11 The funeral of Mrs. S. J. Johnson was largely attended yesterday. Don't forget the grand ball at the Opera House this evening. Give the laddies a big turnout. President Freis, of the Eureka Con. Company, came in on yesterday's train from San Francisco. The strikes have apparently settled down to quiet-always excepting the noise of the political strikers. Reno Journal: They say the Republican legislative ticket is in danger in Ormsby, and all on account of Stewart. Lost-A gentleman's gold sleeve button, with three links engraved on it. Finder will be rewarded by leaving it at this office. Judge McKenney, of Austin, after a round of three or four days with the "boys" on the Range, will leave this morning for home. There will be a meeting this evening of the Democratic Central Committee, at I which the candidates are requested to be e present. I At a game of stud-horse poker in Charley Lautenschlager's saloon Wednesday night f one player won $2,000. One of the losers t dropped $1,200. 8 Belmont Courier: Mrs. George Ernst and children and Miss Martha Wunderlich I left for Berkley, California, where they will reside during the Winter. J. V. Keeley, of Pioche, arrived on yesterday's train from an extended visit I through California and to the City of MexI 100 en route home. He expects to leave t on this morning's White Pine stage. I Jacob Pinschower, one of the earliest c settlers of Storey county, going there in a 1861, where he has since resided, $ a died in Virginia City last Sunday morning. He was a native of Posen, Prussia, and I o aged 66 years. 1 The Catholic Fair closed last night after o a successful run of three evenings. The a managers are expected to meet either to. morrow or Saturday and report results, # an account of which will be published in Sunday's SENTINEL. B D. O. Mills has bought & controlling o interest in the Treadwell mine, Alaska, for $400,000. He has also bought an adjoin. ing claim, and intends erecting another f 100-stamp mill and chlorination works. t His investment amounts to $800,000. I Hon. Geo. W. Cassidy spoke to a very t large and enthusiastic audience at Tusca8 rora on Wednesday evening. He is expected to arrive in Eureka on to-morrow afternoon's train and hold forth in the Opera House in the evening. 6 It is said that "Big Jake" Goin, the old 1 gambler and stage driver, whose body was found in a stall in Wilson's at Reno a few e days ago, committed suicide. A paper in E the pocket gave orders for the body to be buried as it was found without any questions. o M Naches, the Piute Chief, took his boy DD to the primary school at Winnemucca I last Monday, and placed him and another e Indian lad in charge of the teacher, Mrs. BD Shepard. He says he wants his children t to be educated by white people, and to grow up like the pale faces. o A certificate from the Comptroller of the Currency, authorizing the First National Bank of Winnemucca to commence business, is published in the Silver State. I The bank has complied with the provisions of the statutes in all particulars, and is now prepared to transact business. Last Sunday morning, at Gardnerville, Douglas county, Peter Melich, a rancher, M stabbed a man named Chris. Can. The men got into a heated political discussion while under the influence of liquor, and I Melich concluded that the most effective argument he could use on Can was steel. There has been a big excitement in Sutro Tunnel shares in New York during the m last few days. On Saturday last over 10,000 shares were sold, the price opening at 12 and rising to 17 cents. The rise was based upon reported ore developments in the Comstook mines which would increase the = revenue of the tunnel. A story is also annt that the control of the tunnel has


Article from The Salt Lake Herald, April 26, 1906

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Article Text

# A WISE MEASURE. Acting Governor Allen of Nevada proclaimed a week's holiday in Nevada, terminating next Saturday, in order that the business men of the state might arrange their affairs to meet the conditions imposed by the suspension of business in San Francisco. Coinciding with a similar proclamation by Governor Pardee of California, it is expected the measure will permit urgent business matters to be adjusted so there will be no embarrassment incident to the closing of the California banks and the disarrangement of commercial relations. Following the proclamations, the Nevada banks all announced a "non-legal" holiday, during which accounts are in the same status as on regular legal holidays. The wisdom of the proclamation is apparent to all who are familiar with the intimate interdependence of Nevada and California. San Francisco is the financial center for all Nevada


Article from The Daily Silver State, April 26, 1906

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Article Text

# REASON WHY THE BANKS # HAVE CLOSED FOR # A WEEK SOME consternation has been caused by the closing of the banks of the state for the week. It has been reported that it is because of the financial stringency precipitated by the San Francisco disaster. That such is not the case, however, it is hardly nece ar y to say. "If it were not for the fact that the Nevada banks were temporarily closed down," said a prominent banker, "th re would be such a flood of Calnorn checks against them that in spite of the immense specie reserve now in the vauits there would be no tiding the difficulty. Not even the Bank of Englan i could pay all the checks from California that would be presented for collection. "There is no financial panic possible," he continued. "The San Francisco banks cannot for a time get at their specie and resume business. But the money f those institutions amounting to $1,000,000,000, is safe in the several vaults, ready for oirculation when the accounts can be opened up and a pine board founl somewhere in San Francisco over whi.h to transact business. At present this i impossible and Nevada, being the nearest state and Rano its metropolis, it's but natural that here wou'd be wher the demands would come. 'On the other hand, there is n) disposition to further cripple our stricke neighbors, and Nevada banks at the enl of the week will readily encorse San Francisco vouchers and hold them fo collection. The endorsement will be a guarantee that the paper is good ad in the meantime the banks of the m-tropolis will be opening up and getting ready for business. "The fact that the United States government is sending out $15,000,000 to th First National Bank, its deposito y, is evidence of the confidence that may be placed in the future of that city. The largest banking houses throughout the country are doing likewise and so are private capita ists. This matter is mer-ly a temporary difficulty soon to be fo:-gotten, but in the meantime the Nevad banks are bound to protest themselv s and their depositors for whom they have advantageously placed their money in good and interest earning securities. "The financial situation is sensitive o all shocks, and the San Francisco calamity has temporarily affected the banis throughout the world."