14629. Nye & Ormsby County Bank (Tonopah, NV)

Bank Information

Episode Type
Suspension β†’ Closure
Bank Type
state
Start Date
February 3, 1911
Location
Tonopah, Nevada (38.067, -117.230)

Metadata

Model
gpt-5-mini
Short Digest
8c760af7

Response Measures

None

Description

The articles describe the Nye & Ormsby County Bank having suspended/closed, appointment of receivers (first Receiver Hall, later E.O. Patterson), alleged missing/embezzled funds, lawsuits, and receiver petitions to sell assets in 1912. There is no description of a depositor run; the proximate cause appears to be bank-specific adverse information (missing funds/possible theft) and resultant insolvency. Dates of suspension and initial receivership are not given precisely in the clippings; articles imply the bank closed earlier (last summer in a Feb 1911 piece) and remained in receivership through 1912.

Events (3)

1. February 3, 1911 Other
Newspaper Excerpt
A Mystery of the Defunct Nye and Ormsby County Bank... Over a half million dollars vanished into the air! ... The county had $60,000 in the Nye & Ormsby County bank at the time it closed its doors. Not only this, it had in the bank three notes ... All the books of the bank are in possession of Judge Averill, of the district court. A new grand jury is shortly to be called. Less than a year remains of the time when the claim of the county becomes outlawed. After the bank closed its doors its first receiver was Hall. He made a thorough investigation of the books of the institution. He discovered that just before the Nye & Ormsby closed its doors six hundred thousand dollars ... in securities and collateral were transferred to its branch in Goldfield, placed in the hands of 'innocent holders' ... The bondsman has personally expended about $1000 on the case, trying to secure evidence to convict the looters of the bank. But no convictions have ever been made. (From Tonopah Daily Bonanza, Feb 3, 1911.)
Source
newspapers
2. * Receivership
Newspaper Excerpt
Pursuant to the petition of E. O. Patterson, receiver of the above defendant bank ... asking for an order permitting him to sell the property ... Dated this 21st day of February, 1912. E. O. Paterson, as receiver of the Nye & Ormsby County Bank, a corporation, having filed in this court his petition duly verified ... May 10, 1912. After the bank closed its doors its first receiver was Hall. He made a thorough investigation of the books of the institution. The history of the case is intertwined with the failure the of Nye & Ormsby County bank several years ago. On the following day the Nye & Ormsby County bank suspended and the account was wiped out the draft being returned to the Washoe County bank. β€”Reno Journal. A Mystery of the Defunct Nye and Ormsby County Bank... the county had $60,000 in the Nye & Ormsby County bank at the time it closed its doors. E. O. Paterson, as receiver ... having filed in this court his petition ... authorizing the sale ... May 30, 1912 hearing scheduled. (Various legal notices May 1912.) (Decision in federal court Oct 1911 referencing the bank's suspension.) (Articles document receiver activity through 1912.) (Representative excerpts collected above.) Even though the excerpt is long, the key point is that receiver activity and asset sales are documented in 1912, confirming receivership and closure. (Representative excerpts cited above.) (End of excerpts.) (End.)
Source
newspapers
3. * Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed amid discovery of large missing funds (over a half million dollars vanished), suspicious transactions, and alleged thefts; insolvency followed suspension/closure of the bank.
Newspaper Excerpt
After the bank closed its doors its first receiver was Hall.
Source
newspapers

Newspaper Articles (13)

Article from Tonopah Daily Bonanza, February 3, 1911

Click image to open full size in new tab

Article Text

A Mystery of the Defunct Nye and Ormsby County Bank. Why Has No Adequate Effort Been Made to Probe the Notorious Case to the Bottom. Last summer, when the grand and later turned into the First National Bank of Goldfield. jury was in session probing into Receiver Hall states that for this county affairs and making suggesvast sum of money he was unable tions as to where county expenses to discover where the local bank could be pruned and reduced, a lethad ever got one penny in return ter was written to the foreman except ten shares of stock in the from Reno by a leading citizen First National bank of Goldfield. of that place, then resident there, Over a half million of dollars vanstating that two important witnesses ished into the air! And today the in the Nye & Ormsby County Bank depositors and creditors are waiting case were in that city, and would for that dollar-for-dollar clean-up. come to Tonopah at their own Among other peculiar transactions expense even and testify if a propof the period, according to Attorney er subpoena were issued for them. Boyd, six thousand dollars in cash A letter about the same purport disappeared in one day, and for this was also written to the then disthe receiver was unable to find trict attorney, Cleve H. Baker. where the bank had ever got any This prominent citizen received return whatever. replies to both letters. Both were These are a few of the discovof about the same tenor. Satiscries the receiver made. but no faction was expressed that such com effort has been made to probe petent witnesses were at hand, and these matters. Why not? the recipient of the letter was asked Counsel Engaged. to request the attendance of the Some time after the bank closed two witnesses in question. But not one of the bondsmen of the late a word was said about a subpoena, county treasurer entered into an nor was any effort made to issue arrangement with the district atone, nor to secure the issuance of torney for the retention of speone. cial counsel to work on the case. Who the Witnesses Were. The county was to put up $200 The two witnesses in question a month for his salary, and the were former Receiver Hall of the district attorney and the bondsdefunct bank and Senator Boyd, man in question $50 each. H. Althe attorney for the receiver. ling was put on the case. He workThe evidence that these two ed a couple of months or so on men stood ready to give was so the job. sensational and startling-s vital But in all that time he was not to the successful prosecution of the allowed to devote one minute to thieves who robbed the bank. and the probing of the bank case. Me got away with thousands of the Baker kept him busy at other people's money-that the failure to things-despite his special salary summon them looks suspicious. Was The bondsman, seeing that no efthere too much politics at stakefort was to be made to really inor was it something else? vestigate the affair, retired from To satisfy public sentiment a few the agreement. This same bondscases against the bank and against man has personally expended about bondsmen of county officials were $1000 on the case, trying to secure permitted to hang fire in the district evidence to convict the looters of court, in which a showing was the bank. But no convictions have made once in a while by the arguever been made. ing of a demurrer or the making The Next Grand Jury. of a motion of no particular conThere is a whole lot of mystery sequence, but everyone was too busy about this Nye & Ormsby County to bother with a subpoena. Bank case. It is time it was Was it because some people did probed to the bottom. not want too much of the truth It will avail little now to ask to come out. why the last grand jury did not do The County's Interest. a little probing in this bank affair The county had $60,000 in the -mysterious as it all s-but it is Nye & Ormsby County bank at the pertinent to inquire if the new time it closed its doors. Not only grand jury will take up the inthis, it had in the bank three notes vestigation. -one for $2000 and two for $10,All the books of the bank are in 000 ach-given by the county for possession of Judge Averill, of the moneys it had been compelled to district court. A new grand jury borrow. When the bank closed it is shortly to be called. Less than was found these three notes had a year remains of the time when been peddled over in San Francisco the claim of the county becomes -placed in the hands of "innocent outlawed. holders"- the result that not Is anything going to be done in only does the county stand to lose the matter? its $60,000 deposit, but it may have to pay these notes as well, although the bank to which they were given CIVIL PRACTICE ACT was a creditor of the county. TO BE READY TODAY That is only another feature of the funny business which has charCARSON CITY, Nev., Feb. 3.acterized this peculiar affair all The civil practice act of the new through code prepared by the code commisWith this much at stake-and sion will be submitted tomorrow. with an empty treasury confronting or at least the latest on Monday, the county-the county's interest depending on its contemplation by in the bank is pretty well estabthe state printer. It is a voluminlished. Evidence of important witous document. nesses should be secured. if it was vital to the recovery of the money. Some of the Evidence. WANT BOXING MATCHES. After the bank closed its doors By Associated Press. its first receiver was Hall. He HARTFORD. Conn., Feb. 3.-A made a thorough investigation of bill to legalize limited boxing conthe books of the institution. He tests in Connecticut was introduced discovered that just before the Nye in the legislature yesterday. It pro& Ormsby closed its doors six hunvides that scientific exhibitions may dred thousand dollars-just think be given with municipal authority of it, over half a million!-in seand under direction of a supervisor curities and collateral were transand physician. In wrestling the ferred to its branch in Goldfield, strangle hold will be allowed.


Article from Tonopah Daily Bonanza, March 16, 1911

Click image to open full size in new tab

Article Text

CARSON CITY, March 16.-Yesterday was the one big day in the legislature, the senate passing assembly bill No. 173, which removes the affairs of defunct banks and places them in the hands of the state banking board and the state bank examiner. Tonopah is particularly affected by this measure, as the Nye & Ormsby County bank and the State Bank and Trust company are the institutions against which the bill was aimed. The bank examiner is already paid a salary by the state and will be compelled to perform the new duties without further compensation. In future, all moneys will go to the depositors instead of to receivers, receiver's clerks and attorneys. Assemblyman Coxe of Lincoln is the father of the new law, which will be hailed with joy, not only in Tonopah but also in Goldfield, Carson City, Reno, Wonder and Blair,


Article from Daily Independent, October 28, 1911

Click image to open full size in new tab

Article Text

# TONOPAH WOMAN # BEGOVERS MONEY A decision was handed down Wednesday in the federal court at San Francisco in favor of Bertha Smith of Tonopah against the National Bank of D. O. Mills & Co., for the full amount of $4719 with interest. The history of the case is intertwined with the failure the of Nye & Ormsby County bank several years ago. Mrs Smith was a resident of Tonopah and went to Sacramento on a visit. While there she informed the cashier of the D. O. Mills bank that she wished to draw upon her bank account in the Nye & Ormsby County bank and presented a draft. The money, after being secured was to have been left on deposit ir. the Sacramento institution. The Sacramento bank sent the draft to the Washoe County bank in this city which in turn sent it to the Tonopah bank for collection and return. The draft was paid by crediting the Washoe County bank with the amount and charging it to Mrs. Smith as against her account. On the following day the Nye & Ormsby County bank suspended and the account was wiped out the daft being returned to the Washoe Couny bank. β€”Reno Journal.


Article from Weekly Independent, November 3, 1911

Click image to open full size in new tab

Article Text

TONOPAH WOMAN BEGOVERS MONEY A decision was handed down Wednesday in the federal court at San Francisco in favor of Bertha Smith of Tonopah against the National Bank of D. O. Mills & Co., for the full amount of $4719 with interest. The history of the case is intertwined with the failure the of Nye & Ormshy County bank several years ago./ Mrs Smith was a resident of Tonopah and went to Sacramento on a visit. While there she informed the cashier of the D. O. Mills bank that she wished to draw upon her bank account in the Nye & Ormsby County bank and presented a draft. The money. after being secured was to have been left on deposit ir. the Sacramento institution. The Sacramento bank sent the draft to the Washoe County bank in this city which in turn sent it to the Tonopah bank for collection and return. The draft was paid by crediting the Washoe County bank with the amount and charging it to Mrs. Smith as against her account. On the following day the Nye & Ormsby County bank suspended and the account was wiped out the daft being returned to the Washoe Couny bank. - Reno Journal.


Article from Tonopah Daily Bonanza, February 23, 1912

Click image to open full size in new tab

Article Text

NEW ADVERTISING. ORDER. I N THE DISTRICT COURT OF the First Judicial District, State of Nevada. in and for the County of Ormsby. State of Nevada, on the Relation of 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 sell the property hereinafter described, to-wit: Lots Nos. 1, 2, 3 and 4. in Block No. 28, southeast corner of Idaho and McCullough streets, together with a one-story house and all the imporvements thereon, situate in the town of Tonopah, Nye county. state of Nevada, for the sum of $500. It is hereby ordered that said petition will be heard on the 14th day of March. A. D. 1912, at 10 o'clock in the forenoon, at the court house of the above entitled court. It is further ordered that a copy of this order be published for two weeks, in the Tonopah Bonanza, a newspaper published at Tonopah. Nye county, Nevada. Dated this 21st day of February, 1912. FRANK P. LANGAN, District Judge for Above Entitled Court. 2-23 to 3-14


Article from Tonopah Daily Bonanza, February 28, 1912

Click image to open full size in new tab

Article Text

order. N THE DISTRICT COURT OF I the First Judicial District, State of Nevada, in and for the County of Ormsby. State of Nevada, on the Relation of 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 sell the property hereinafter described, to-wit: Lots Nos. 1, 2, 3 and 4, in Block No. 28, southeast corner of Idaho and McCullough streets, together with a one-story house and all the imporvements thereon, situate in the town of Tonopah, Nye county, state of Nevada, for the sum of $500. It is hereby ordered that said petition will be heard on the 14th day of March, A. D. 1912, at 10 o'clock in the forenoon, at the court house of the above entitled court. It is further ordered that a copy of this order be published for two weeks, in the Tonopah Bonanza, a newspaper published at Tonopah, Nye county, Nevada. Dated this 21st day of February, 1912. FRANK P. LANGAN, District Judge for Above Entitled Court. 2-23 to 3-14


Article from Tonopah Daily Bonanza, March 15, 1912

Click image to open full size in new tab

Article Text

ORDER. N THE DISTRICT COURT OF I the First Judicial District, State of Nevada, in and for the County of Ormsby. State of Nevada, on the Relation of 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 sell the property hereinafter described, to-wit: Lots Nos. 1, 2, 3 and 4, in Block No. 28, southeast corner of Idaho and McCullough streets, together with a one-story house and all the imporvements thereon, situate in the town of Tonopah, Nye county, state of Nevada, for the sum of $500. It is hereby ordered that said petition will be heard on the 14th day of March, A. D. 1912, at 10 o'clock in the forenoon, at the court house of the above entitled court. It is further ordered that a copy of this order be published for two weeks, in the Tonopah Bonanza, a newspaper published at Tonopah, Nye county, Nevada. Dated this 21st day of February, 1912 FRANK P. LANGAN, District Judge for Above Entitled 2-23 to 3-14 Court.


Article from Tonopah Daily Bonanza, May 13, 1912

Click image to open full size in new tab

Article Text

LEGAL ADVERTISING. NEW ADVERTISEMENT. ORDER FOR PUBLICATION OF NOTICE OF HEARING PETITION FOR ORDER TO SELL "RAILROAD FRACTIONAL MINING CLAIM" TO T. D. MURPHY, 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 ex rel, Plaintiffs, vs. Nye & Ormsby County Bank et al., Defendants. E. O. Paterson, as receiver of the Nye & Ormsby County Bank, a corporation, having filed in this court his petition, duly verified for an order of court authorizing the sale to T. D. Murphy, Tonopah, Nevada, of the "Railroad Fractional Mining Claim" situated in Tonopah, Nye County, Nevada, for the sum of $1,500.00 cash. IT IS HEREBY ORDERED that Thursday. the 30th day of May, 1912, at 10 o'clock A. M. of said day. or as soon thereafter as the matter may be heard. at the Court House in the City of Carson, County of Ormsby, Nevada, be, and the same is hereby fixed as a time and place for the hearing of said petftion, when and where all persons interested in said matter are cited and commanded to appear, and show cause, if any they have. why said petition should not be granted. IT IS ORDERED that a copy of this order be published in the Tonopah Bonanza. a newspaper published at Tonopah. Nevada. for at least once a week for two weeks next preceding the date fixed for said hearing. Dated Carson City, Nevada. May 10, 1912. FRANK P. LANGAN. District Judge, 5-13,20


Article from Tonopah Daily Bonanza, May 14, 1912

Click image to open full size in new tab

Article Text

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 ex rel, Plaintiffs, vs. Nye & Ormsby County Bank et al., Defendants. E. O. Paterson, as receiver of the Nye & Ormsby County Bank, a corporation, having filed in this court his petition duly verified for an order of court authorizing the sale to T. D. Murphy, Tonopah, Nevada, of the "Railroad Fractional Mining Claim" situated in Tonopah, Nye County, Nevada, for the sum of $1,500.00 cash. IT IS HEREBY ORDERED that Thursday, the 30th day of May, 1912, at 10 o'clock A. M, of said day, or as soon thereafter as the matter may be heard, at the Court House in the City of Carson, County of Ormsby, Nevada, be, and the same is hereby fixed as a time and place for the hearing of said petition, when and where all persons interested in said matter are cited and commanded to appear, and show cause, if any they have. why said petition should not be granted. IT IS ORDERED that a copy of this order be published in the Tonopah Bonanza, a newspaper published at Tonopah, Nevada, for at least once a week for two weeks next preceding the date fixed for said hearing. Dated Carson City, Nevada, May 10, 1912. FRANK P. LANGAN. District Judge. 5-13,20


Article from Tonopah Daily Bonanza, May 16, 1912

Click image to open full size in new tab

Article Text

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 ex rel, Plaintiffs, vs. Nye & Ormsby County Bank et al., Defendants. E. O. Paterson, as receiver of the Nye & Ormsby County Bank, a corporation, having filed in this court his petition duly verified for an order of court authorizing the sale to T. D.- Murphy, Tonopah, Nevada, of the "Railroad Fractional Mining Claim" situated in Tonopah, Nye County, Nevada, for the sum of $1,500.00 cash. IT IS HEREBY ORDERED that Thursday, the 30th day of May, 1912, at 10 o'clock A. M. of said day, or as soon thereafter as the matter may be heard, at the Court House in the City of Carson, County of Ormsby, Nevada, be, and the same is hereby fixed as a time and place for the hearing of said petition, when and where all persons interested in said matter are cited and commanded to appear, and show cause, if any they have, why said petition should not be granted. IT IS ORDERED that a copy of this order be published in the Tonopah Bonanza, a newspaper published at Tonopah, Nevada, for at least once a week for two weeks next preceding the date fixed for said hearing. Dated Carson City, Nevada. May 10, 1912. FRANK P. LANGAN. District Judge. 5-13,20


Article from Tonopah Daily Bonanza, May 17, 1912

Click image to open full size in new tab

Article Text

ORDER FOR PUBLICATION OF NOTICE OF HEARING PETITION FOR ORDER TO SELL "RAILROAD FRACTIONAL MINING CLAIM" TO T. D. MURPHY. 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 ex rel, Plaintiffs, vs. Nye & Ormsby County Bank et al., Defendants. E. O. Paterson, as receiver of the Nye & Ormsby County Bank, a corporation, having filed in this court his petition duly verified for an order of court authorizing the sale to T. D. Murphy, Tonopah, Nevada, of the "Railroad Fractional Mining Claim" situated in Tonopah, Nye County, Nevada, for the sum of $1,500.00 cash. IT IS HEREBY ORDERED that Thursday, the 30th day of May, 1912, at 10 o'clock A. M. of said day, or as soon thereafter as the matter may be heard. at the Court House in the City of Carson, Coynty of Ormsby. Nevada, be, and the same is hereby fixed as & time and place for the hearing of said petition. when and where all persons interested in said matter are eited and commanded to appear. and show cause, If any they have, why said petition should not be granted. IT IS ORDERED that a copy of this order be published in the Tonopah Bonansa. a nowspaper pub. lished at Tonopab. Nevada. for at least once a week for two weeks next preceding the date fixed for said hearing Dated Carson City, Novada. May 10, 1912. FRANK P. LANGAN. District Judge. 5-13,20


Article from Tonopah Daily Bonanza, May 21, 1912

Click image to open full size in new tab

Article Text

m18-2t ORDER FOR PUBLICATION OF NOTICE OF HEARING PETITION FOR ORDER TO SELL "RAILROAD FRACTIONAL MINING CLAIM" TO T. D. MURPHY. 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 ex rel, Plaintiffs, vs. Nye & Ormsby County Bank et al., Defendants. E. O. Paterson, as receiver of the Nye & Ormsby County Bank, a corporation, having filed in this court his petition duly verified for an order of court authorizing the sale to T. D. Murphy, Tonopah, Nevada, of the "Railroad Fractional Mining Claim" situated in Tonopah, Nye County, Nevada, for the sum of $1,500.00 cash. IT IS HEREBY ORDERED that Thursday, the 30th day of May, 1912, at 10 o'clock A. M, of said day, or as soon thereafter as the matter may be heard, at the Court House in the City of Carson, County of Ormsby, Nevada, be, and the same is hereby fixed as a time and place for the hearing of said petition, when and where all persons interested in said matter are cited and commanded to appear. and show cause, if any they have, why said petition should not be granted. IT IS ORDERED that a copy of this order be published in the Tonopah Bonanza, a newspaper published at Tonopah, Nevada, for at least once a week for two weeks next preceding the date fixed for said hearing. Dated Carson City, Nevada, May 10, 1912. FRANK P. LANGAN, District Judge. 5-13.20


Article from Tonopah Daily Bonanza, May 22, 1912

Click image to open full size in new tab

Article Text

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 ex rel, Plaintiffs, vs. Nye & Ormsby County Bank et al., Defendants. E. 0. Paterson, as receiver of the Nye & Ormsby County Bank, a corporation, having filed in this court his petition duly verified for an order of court authorizing the sale to T. D. Murphy, Tonopah, Nevada, of the "Railroad Fractional Mining Claim" situated in Tonopah, Nye County, Nevada, for the sum of $1,500.00 cash. IT IS HEREBY ORDERED that Thursday, the 30th day of May, 1912, at 10 o'clock A. M. of said day, or as soon thereafter as the matter may be heard, at the Court House in the City of Carson, County of Ormsby, Nevada, be, and the same is hereby fixed as a time and place for the hearing of said petition, when and where all persons interested in said matter are cited and commanded to appear, and show cause, if any they have, why said petition should not be granted. IT IS ORDERED that a copy of this order be published in the Tonopah Bonanza, a newspaper published at Tonopah. Nevada, for at least once a week for two weeks next preceding the date fixed for said hearing. Dated Carson City, Nevada, May 10, 1912. FRANK P. LANGAN. District Judge. 5-13,20