762. Mono County Bank (Bodie, CA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 14, 1886
Location
Bodie, California (38.212, -119.012)

Metadata

Model
gpt-5-mini
Short Digest
f063c205

Response Measures

None

Description

The Mono County Bank in Bodie suspended payment mid-January 1886 after a draft on its San Francisco correspondent (Anglo-California Bank) was protested. Newspapers report the suspension as temporary at first but follow-up stories indicate the bank gone out of existence and that a receiver will realize assets and directors must advance cash — i.e., permanent closure/receivership. No run is described in the articles.

Events (3)
1. January 14, 1886 Suspension
Cause
Correspondent
Cause Details
A draft made by the bank on the Anglo-California Bank of San Francisco was protested (dishonored), precipitating the suspension.
Newspaper Excerpt
The Mono County Bank is compelled to suspend temporarily. Mr. O. F. Hakes has charge of the same pending the wish of the creditors.
Source
newspapers
2. January 20, 1886 Other
Newspaper Excerpt
The bank is undoubtedly gone out of existence...a receiver will in time realize upon various bills receivable and other assets (report that directors must put up cash and receiver to realize assets).
Source
newspapers
3. January 22, 1886 Receivership
Newspaper Excerpt
An investigation ... shows that the Directors will have to put up about $30,000 in cash...The Free Press says that the bank has evidently gone out of existence. Every actual depositor will be paid in full.
Source
newspapers

Newspaper Articles (11)
1. January 13, 1886 Macon Beacon Macon, MS
Article from Macon Beacon, January 13, 1886

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Article Text

FRIGHTFUL RAILROAD ACCIDENT. A Passenger Train Wrecked at Valvidia, Mexico, and Thirty Soldiers Killed-Six Mexican Scouts Killed by Indians. PAIETA, Mex., January 16. .-A train conreying a military company was completely wrecked Wednesday night at Valvidia. Thirty soldiers, including eleven officers, were killed. The late severe cold has done great damage to the orange groves between Monterey and the Rio Grande. The temperature fell to five degrees below zero, the lowest point for twenty years. EL PASO, Tex., January 16. - -The Mormons of Prina, Arizona, have asked Governor Zulick for arms. to protect themselves from the Apaches. This causes much comment. as the Mormons have always been friendly with the Anaches. Some predict that if the arms are furnished they will be sold to the Indians. Lord Delavan Beresford, the English nobleman who superintends the San Domingo ranch. in Chihuahua, Mexico, are rived here on Thursday. He states that before he left the ranch an engagement took place between Government scouts and hostile Indians near Casas Grandes, and six scouts were killed. SILVER CITY. N. M., January 16.-The Apaches have killed John Hudson, a prominent ranch owner, and his hired man, William Malone, in eastern Arizona. The Indians are said to be on their way to Mexico, and to be killing every white man they meet. BODIE, Cal., January 16.-The Mono County Bank has suspended payment. The liabilities are about $45,000.

2. January 15, 1886 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, January 15, 1886

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Article Text

Suspension of a California Bank. BODIE, Cal., Jan. 14.-The / following notice was posted on the Mono County Bank doors this morning: "The Mono County Bank is compelled to suspend, temporarily. Mr. O. A. Fakes has charge of the same pending the wish of the creditors." Upon inquiry it was ascertained that the principal cause was that a draft made by the bank on the Anglo-California Bank of San Francisco had been protested. Mr. Barton, one of the heaviest stockholders, is expected to arrive here Saturday. It is believed he will settle all claims in full. The last semi-annual statement showed $43,000 liabilities, and assets for the same amount, of which $17,000 were loaned on its stocks and bonds.

3. January 15, 1886 Los Angeles Daily Herald Los Angeles, CA
Article from Los Angeles Daily Herald, January 15, 1886

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Article Text

Closing of Mono County Bank. BODIE, January 14.--The following notice was posted on the Mono County Bank doors this morning: "The Mono County Bank is compelled to suspend temporarity. Mr. o. F. Hakes has charge of the same pending the wish of the creditors. Signed, H. F. Hastings, cashier." Upon inquiry it was ascertained that the principal cause was that a draft made by the bank on the AngloCalifornia Bank, of San Francisco, had been protested. Mr. Barton, one of the heaviest stockholders, is expected to arrive Saturday. It is believed he will settle all claims in full. The last semiannual statement showed $43,000 habilities and assets for the same amount, of which $17,000 were loans on stocks and bonds.

4. January 15, 1886 Sacramento Daily Record-Union Sacramento, CA
Article from Sacramento Daily Record-Union, January 15, 1886

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Article Text

In New York yesterday Government bonds were quoted at 1231/4 for 4s of 1907; 1125/3 for 41/28; sterling, $4 87@4 90; 1013/8 for 3s; silver bars, 1013/8. Silver in London, 46 9-16d; consols, 100d; 5 per cent. United States bonds, extended, 105 4s, 1251/4; 41/28, 114½ The Comstocks improved in the San Francisco mining share market yesterday, but the Bodies had a setback. At noon the prices were: Mono $4 10, Bodie $1 75, Hale & Noreross $2 25, Savage 65 cents, Gould & Curry 80 cents, Best & Belcher 85 cents, Consolidated California $2 05, Sierra Nevada 40 cents, Chollar 35 cents. A colored infant was roasted to death in an oven at Willingford, Conn., it having been placed there by its mother to keep it warm. Senator Payne, of Ohio, is charged with having obtained his election through corruption and bribery. Paso del Norte, Mexico, has been cleared of desperadoes and swindlers. Emperor William opened the Prussian Diet, yesterday, in person. Count Ranscon has been appointed Spanish Minister to London. Servia and Greece are negotiating an alliance against Bulgaria. The Prefect of the Department of Eure, France, has been assassinated in a railway carriage. Troops are to be sent from Toronto, Ont., to the Northwest. A National Association of Journeymen Bakers has been organized at Pittsburg, delegates from thirty principal cities of the Union being present. Negotiations are in progress for the appointment of a Papal Nuncio to Germany. Bradlaugh was sworn in yesterday, and took his seat in the House of Commons. The condition of Senator Miller has so much improved that as soon as the weather moderates he will resume his seat in the Senate. Mrs. Julia Ryan was sentenced in Stockton, yesterday, to fourteen years' imprisonment for subornation of perjury. John B. Sellers, stabbed in Candelaria, Nev., Friday evening, by his barkeeper, died of his wounds yesterday. The Mono County Bank, at Bodie, closed its doors yesterday, though the suspension is said to be only temporary. A toboggan slide has been opened at Orange, N. J., 1,000 feet long and 127 feet high. An explosion of fire-damp near Almy, Wyoming, killed William and Joseph Evans, miners. A shocking story of cruelty at sea is reported from Philadelphia. Most of the seallop fleet in Long Island Sound were wrecked during the late storm, but no lives were lost. A strike of cigar-makers was inaugurated in New York yesterday. Mrs. Zana B. Gonzales, a member of a distinguished family in Spain, committed suicide in New York Wednesday. President Grevy has signed the amnesty decree. The President will only appoint sons of officers of the army and navy to the Naval School and Military Academy. A large quantity of obscene literature has been seized in New York, which will be burned. Congressman Rankin, of Wisconsin, has been stricken with paralysis. Jacob Saltan accidentally shot and killed himself near Spanishtown, San Mateo county, Wednesday. A most dreadful railroad accident was narrowly averted near New York, yesterday, by the presence of mind of an engineer. Serious volcanic disturbances and slight earthquake shocks are reported from Guayaquil, Great distress still prevails in Ireland among the laboring people. Several editors have been imprisoned in the City of Mexico for attacking the authorities. The British Parliament will adjourn to-day until Wednesday. The North Bloomfield debris case has been appealed to the United States Supreme Court. Colonel Archie Wasson, a well-known military man, fell under a cable car in San Francisco, yesterday, and had his right leg taken off. Snow, hail, rain and sleet prevailed in Louisiana yesterday. The United States Senate adjourned yesterday

5. January 15, 1886 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, January 15, 1886

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Article Text

A Bank Suspension. SAN FRANCISCO, January 14.-Bodie, Cal.: The following notice was posted on the Mono County Bank doors this morning: The Mono County Bank is compelled to suspend temporarily. Mr. 0. F. Hakes has charge of the same pending the wish of the creditors. (Signed,) H. F. HASTINGS, Cashier. Upon inquiring it was ascertained that the principal cause was that a draft made by the bank on the AngloCalifornia Bank, San Francisco, had been protested. Mr. Barton, one of the heaviest stockholders, is expected to arrive on Saturday. It is believed he will settle all claims in full. The last semi-annual statement showed $43,000 liabilities and assets for the same amount, of which $17,000 were loans on stocks and bonds.

6. January 16, 1886 Eureka Daily Sentinel Eureka, NV
Article from Eureka Daily Sentinel, January 16, 1886

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Article Text

A Bodie Bank Suspends. [SPECIAL TO THE BENTINEL.] BODIE, Cal., Jan. 15.-The Mono County Bank yesterday morning closed its doors, and the following notice was posted: The Mono County Bank is compelled to suspend temporarily. Mr. o. F. Hakes has charge of the same, pending the wish of the creditors. (Signed): H. F. HASTINGS, Cashier. Upon inquiry it was ascertained that the principal cause was that the draft made by the bank on the Anglo-California Bank of San Francisco had been protested. Mr. Barton, one of the heaviest stockholders, is expected here on Saturday. It is believed he will settle all claims in full. The llabilities or assets cannot be ascertained at the present.

7. January 20, 1886 The Wellington Enterprise Wellington, OH
Article from The Wellington Enterprise, January 20, 1886

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Article Text

FRIGHTFUL RAILROAD ACCIDENT. A Passenger Train Wrecked at Valvidia, Mexico, and Thirty Soldiers Killed-Six Mexican Scouts Killed by Indians. PAIETA, Mex., January 16.-A train conveying a military company was completely wrecked Wednesday night at Valvidia. Thirty soldiers, including eleven officers, were killed. The late severe cold has done great damage to the orange groves between Monterey and the Rio Grande. The temperature fell to five degrees below zero, the lowest point for twenty years. EL PASO, Tex., January 16.-The Mormons of Prina, Arizona, have asked Governor Zulick for arms. to protect themselves from the Apaches. This causes much comment, as the Mormons have always been friendly with the Apaches. Some predict that if the arms are furnished they will be sold to the Indians. Lord Delavan Beresford, the English nobleman who superintends the San Domingo ranch, in Chihuahua, Mexico, arrived here on Thursday. He states that before he left the ranch an engagement took place between Government scouts and hostile Indians near Casas Grandes, and six scouts were killed. SILVER CITY. N. M., January 16.-The Apaches have killed John Hudson, a prominent ranch owner, and his hired man, William Malone, in eastern Arizona. The Indians are said to be on their way to Mexico, and to be killing every white man they meet. BODIE. Cal., January 16.-The Mono County Bank has suspended payment. The liabilities are about $45,000.

8. January 20, 1886 Eureka Daily Sentinel Eureka, NV
Article from Eureka Daily Sentinel, January 20, 1886

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Article Text

The Mono County Bank Failure. Speaking of the failure of the Mono County Bank the Bodie Free Press of last Friday says: "On receipt of the news to-day that Barton (President of the in. stitution) wanted a statement of the financial condition of things, a committee previously selected by depositors made an examination of the books-assisted by Messrs. Hastings and Benedict-found that the directors will have to put up about $30,000 in cash to make Bodie depositors even. The investigators found the sum of $2,097 in the big vault, which is there now safe enough. The bank is undoubtedly gone out of existence, NO far as by late managers. Every actual depositor will be paid in full, and a receiver will in time realize upon various bills receivable and other assets not now considered. We forbear comments for the present, only to say that the unfortunate affair, occurring from whatever cause it may, is not half 80 serious to the public as has been painted by some.

9. January 21, 1886 Ceredo Advance Ceredo, WV
Article from Ceredo Advance, January 21, 1886

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Article Text

FRIGHTFUL RAILROAD ACCIDENT. A Passenger Train Wrecked at Valvidia, Mexico, and Thirty Soldiers Killed-Six Mexican Scouts Killed by Indiana. PAIETA, Mex., January 16.-A train conveying a military company was completely wrecked Wednesday night at Valvidia. Thirty soldiers, including eleven officers, were killed. The late severe cold has done great damage to the orange groves between Monterey and the Rio Grande. The temperature fell to five degrees below zero, the lowest point for twenty years. EL PASO, Tex., January 16.-The Mormons of Prina, Arizona, have asked Governor Zuliek for arms. to protect themselves from the paches. This causes much comment. as the Mormons have always been friendly with the A paches. Some predict that if the arms are furnished they will be sold to the Indians. Lord Delavan Beresford, the English nobleman who superintends the San Domingo ranch. in Chihuahua, Mexico. arrived here on Thursday. He states that before he left the ranch an engagement ook place between Government scouts and hostile Indians near Casas Grandes, and six scouts were killed. SILVER CITY. N. M., January 16.-The Apaches have killed John Hudson, a prominent ranch owner, and his hired man, William Malone, in eastern Arizona. The Indians are said to be on their way to Mexico, and to be killing every white man they meet. BODIE, Cal., January 16. The Mono County Bank has suspended payment. The liabilities are about $45,000.

10. January 21, 1886 The Eaton Democrat Eaton, OH
Article from The Eaton Democrat, January 21, 1886

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Article Text

FRIGHTFUL RAILROAD ACCIDENT. A Passenger Train Wrecked at Valvidia, Mexico, and Thirty Soldiers Killed-Six Mexican Scouts Killed by Indians. PAIETA, Mex., January 16.-A train conveying a military company was completely wrecked Wednesday night at Valvidia. Thirty soldiers, including eleven officers, were killed. The late severe cold has done great dam. age to the orange groves between Monterey and the Rio Grande. The temperature fell to five degrees below zero, the lowest point for twenty years. EL Paso, Tex., January 6.-The Mormons of Prina, Arizona, have asked Governor Zulick for arms. to protect themselves from the Apaches. This causes much comment, as the Mormons have always been friendly with the Apaches. Some predict that if the arms are furnished they will be sold to the Indians. Lord Delavan Beresford, the English nobleman who superintends the San Domingo ranch. in Chibuahua, Mexico, arrived here on Thursday. He states that before he left the ranch an engagement took place between Government scouts and hostile Indians near Casas Grandes, and six scouts were killed. SILVER CITY, N. M., January 16.-The Apaches have killed John Hudson, a prominent ranch owner, and his hired man, William Malone, in eastern Arizona. The Indians are said to be on their way to Mexico, and to be killing every white man they meet. BODIE, Cal., January 16.-The Mono County Bank has suspended payment. The liabilities are about $45,000.

11. January 22, 1886 Sacramento Daily Record-Union Sacramento, CA
Article from Sacramento Daily Record-Union, January 22, 1886

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Article Text

BODIE'S BUSTED BANK.-The Virginia (Nev.) Enterprise says: An investigation of the affairs of the Mono Bank, at Bodie, which suspended payment last Thursday, shows that the Directors will have to put up about $30,000 in cash to make Bodie depositors even. The investigators found the sum of $2,097 in the vault. The Free Press says that the bank has evidently gone out of existence. Every actual depositor will be paid in full.