Bank of Gold Hill (Gold Hill, NV)

Episode Information

Episode UID
7365166491044
Episode Type
Run → Suspension → Closure
Bank Type
trust
Bank ID
736516649 hash
Start Date
December 7, 1886
Location
Gold Hill, Nevada (39.290, -119.657)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b6786d3b1fd7ae02

Response Measures

None

Description

Later articles describe the bank as defunct and creditors suing incorporators, indicating permanent closure.

Events (4)
1. December 7, 1886 Run
Cause
Macro News
Cause Details
Heavy speculation/stock panic prompted depositors and certificate holders to withdraw funds.
Newspaper Excerpt
There has been a heavy run on the bank by the holders of certificates of deposit and by those having stock transactions with it.
Source
newspapers
2. December 7, 1886 Suspension
Cause
Macro News
Cause Details
Suspended following the heavy run during the stock/speculation panic; suspension pending examination of affairs.
Newspaper Excerpt
The Bank of Gold Hill, Nev., has suspended until an examination of its affairs can be made.
Source
newspapers
3. March 28, 1887 Other
Newspaper Excerpt
W. H. Blauvelt, proprietor of the Bank of Gold Hill, which suspended in December last during the stock panic, was called on a charge of embezzling $300 ... the District Attorney being unable to prove this, was compelled to enter a nolle prosequi, and the defendant was discharged.
Source
newspapers
4. September 18, 1887 Other
Newspaper Excerpt
Suit of G. F. Ross et al. vs. the Bank of Gold Hill ... action is brought by creditors to compel ... incorporators and subscribers to the capital stock of the suspended Bank of Gold Hill, to pay up the full amount ... the suspended bank.
Source
newspapers

Newspaper Articles (10)
1. December 8, 1886 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, December 8, 1886

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Article Text

Lightning Flashes. The Union Pacific will soon adopt the 21-hour system of time. The jury in the case against Gullkaa and Moessenger has disagreed and been discharged. Prince Luitpold, Regent of Bavaria has arrived at Berlin. He was tendered a hearty reception. At Osage City, Ks., yesterdav, an old negro and his wife were burned to death by their cottage catching fire. A storm of unusual severity prevailed along the entire Altantic Coast yesterday. Railway travel has been much impeded by snow. Representatives of the cattle interests are aiready in Washington, in theinterests of a bill to prevent the spread of pleuro-pneumonia. Kulman & Co., stockbrokers, San Francisco, who suspended last week, resumed business yesterday. Sutro Tunnel stock sold there yesterday at$1. It was learned to-night that R. O. Tobin, stock broker, 314 Montgomery Street, San Francisco had made an assignment 10 T.J. L. Smiley. The liabilities are stated to be $25,000. Henry George, the defeated Labo candidate, has written an open letter to Archbishop Corrigan, in reference 10 the latter's recent pastoral letter, in which he warned his people against land theories. The Commercial Gazette is authority for the sta ement that a national tariff association is being formed among the workingmen of the country, and it looks for great things from it at the next election. Dispatches from Adelaide state that large findings of gold have been made in South Australian diggings, in the region of Teelulpa. Five hundred men have already congregated at that tocality. The largest nugget yet found is said to weigh thirty ounces. The Bank of Gold Hill, Nev., has suspended until an examination of its affairs can be made. There has been a heavy run on the bank by the holders of certificates of deposit and by those having stock transactions with it. The liabilities are not ascertained.

2. December 8, 1886 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, December 8, 1886

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Article Text

A Nevada Bank Suspends. VIRGINIA, Nev., Dec. 7.-The bank of Gold Hill has suspended. There has been a heavy run on the bank by holders, caused by heavy speculation.

3. December 8, 1886 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, December 8, 1886

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Article Text

Bank Suspension. [By telegraph to the Dispatch.] VIRGINIA, NEV., December 7.-The Bank of Gold Hill has suspended until an examination of its affairs can be made. There has been a heavy run on the bank by bold. ers of certificates of deposit and by those having stock transactions with it. The bank's liabilities have not been ascertained.

4. December 10, 1886 The Kenosha Telegraph Kenosha, WI
Article from The Kenosha Telegraph, December 10, 1886

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Article Text

LATER. THE Attorney-General in his annual report on the 7th say that 14,479 criminal prosecutions and 1,379 civil suits were terminated during the year, one-half of which were for violation of the internal revenue laws. The number of United States prisoners in custody was 59,259. THE snow-fall throughout Virginia was on the 7th the heaviest for thirty years. The street-car tracks at Petersburg were blockaded. THE municipal elections in New England on the 7th generally resulted in victories for the "No License" people. REV. J. HYATT SMITH, ex-Congressman from the Fourth New York district, and formerly pastor of the Eighth Congregationalist Church of Brooklyn, died on the 7th. SEVERAL large business places at Buffalo were destroyed by fire on the 7th, causing a loss of $500,000. AN unusually severe wind and snowstorm prevailed on the 7th on the Atlantic coast, causing numerous wrecks. Railway travel in New Jersey, New York and some New England States was seriously impeded by snow. MRS. ANN PECK, aged ninety years, was burned upin one of two houses which were destroyed by fire at Baltimore on the 7th. THE man who swindled the people of the City of Mexico out of $30,000 by the sale of bogus Patti tickets was on the 7th believed to be Charles Bourton, formerly a journalist in Paris. He had been captured by Mexican detectives. JOHN E. OWENS, the veteran comedian, died on the 7th at his home in Baltimore, Md., aged about sixty years. MANY disasters to vessels of the coasting fleet and scenes of great suffering were reported on the 7th as the result of a recent storm all along the coast of Massachusetts. REUBEN HILL and his three sons, residing at North Liberty, Ind., were instantly killed on the 7th while attempting to drive across the Grand Trunk track. His daughter had a leg broken. THE Bank of Gold Hill, Nev., suspended on the 7th. IN the United States Senate on the 7th bills were introduced: To exempt from duty imported sugar and molasses and also imported boards, lumber and timber; to provide for the retirement of United States legal-tender and National-bank notes of small denominations and for the issue of coin certificates; to increase pensions and for a revision of the tariff. In the House bills were introduced: To provide for the deposit of coin or bullion as security for bank circulation; for the issue of greenbacks in place of retired bank notes; to reduce the amount of bonds required as security for circulation; to compel cattle companies to pay the Government for the use of public lands, and to increase the tax on oleomargarine to six cents per pound. A petition was presented, signed by 453 clergymen and 97,755 members of the Methodist Episcopal Church of Ohio, asking that laws be passed to protect the Chinese in this country.

5. December 16, 1886 The Abilene Reflector Abilene, KS
Article from The Abilene Reflector, December 16, 1886

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Article Text

MISCELLANEOUS D.V. A. NERO, a colored adventurer. formerly of Kansas City, Mo., was sentenced at Salford, Eng., recently to six months' imprisonment for swindling. He pretended to be principal of a Missouri college sent out to raise funds to convert the heathen in Africa. PROSECUTIONS have been commenced in Harrisburg, Pa., against the railroad and coal pools of Pennsylvania. THERE was a riotwith the striking operatives of Kline & Hubbs' mill at Amsterdam, N. Y., recently. The police injured several persons with their clubs. A DISPATCH from Odessa, Russia, says that the postillion and guard on the mail train from Ekatarinedar to Kaokaskai were murdered and 7,000 roubles of crown money in their charge stolen. THE bank of Gold Hill, Nev., has suspended. ON the San Francisco Stock Exchange on the 6th R. Dinsmore & Co., stock brokers, assigned. Their liabilities aggregate $300,000. Three other failures of stock brokers were announced during the day, C. F. Anderson suspending with $150,000 liabilities and nominal assets, Fred F. Franks with liabilities estimated at $250,000 and F. P. Gray with unknown liabilities and assets.

6. December 16, 1886 Dodge City Times Dodge City, KS
Article from Dodge City Times, December 16, 1886

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Article Text

MISCELLANEOUS. D. V. A. NERO, a colored adventurer. formerly of Kansas City, Mo., was sentenced at Salford, Eng., recently to six months' imprisonment for swindling. He pretended to be principal of a Missouri college sent out to raise funds to convert the beathen in Africa. PROSECUTIONS have been commenced in Harrisburg. Pa., against the railroad and coal pools of Pennsylvania. THERE was a riot with the striking operatives of Kline & Hubbs' mill at Amsterdam, N. Y., recently. The police injured several persons with their clubs. A DISPATCH from Odessa, Russia, says that the postillion and guard on the mail train from Ekatarinedar to Kaokaskai were murdered and 7,000 roubles of crown money in their charge stolen. THE bank of Gold Hill, Nev., has suspended. ON the San Francisco Stock Exchange on the 6th R. Dinsmore & Co., stock brokers, assigned. Their liabilities aggregate $300,000. Three other failures of stock brokers were announced during the day, C. F. Anderson suspending with $150,000 liabilities and nominal assets, Fred F. Franks with liabilities estimated at $250,000 and F. P. Gray with unknown liabilities and assets.

7. March 29, 1887 Sacramento Daily Record-Union Sacramento, CA
Article from Sacramento Daily Record-Union, March 29, 1887

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Article Text

NEVADA. Blauvelt, the Gold Hili Banker, Gets off Easily. VIRGINIA CITY, March 28th.-In the District Court this morning, W. H. Blauvelt, proprietor of the Bank of Gold Hill, which suspended in December last during the stock panic, was called on a charge of embezzling $300 from James Hurley. Judge Rising said that to convict, it must be shown that Blauvelt took this money for his own use and benefit, as the Bank of Gold Hill was a corporation and Blauvelt its agent, and the corporation cannot be convicted of embezzlement. The District Attorney, being unable to prove this, was compelled to enter a nolle prosequi, and the defendant was discharged. A Nine-year-old Boy Stabbed by Another. VIRGINIA, March 28th.-Yesterday afternoon a squad of youngsters, ranging from 7 to 10 years of age, were playing baseball. when John Hawkins, aged 18, in passing by picked up the ball and proceeded to cut the covering into strips. One of the younger boys, named Jimmy Craze, aged 9 years, demanded the return of the ball, which Hawkins refused. Craze then spat at him, whereupon Hawkins stabbed Craze in the vicinity of the kidneys. The blade penetrated nearly an inch and a half, and it is thought the wound may prove fatal.

8. March 30, 1887 Eureka Daily Sentinel Eureka, NV
Article from Eureka Daily Sentinel, March 30, 1887

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Article Text

Virginia City Items. [SPECIAL TO THE SENTINEL.] VIRGINIA, March 29.-In the District Court this morning, the case of W. H. Blauvelt, proprietor of the bank of Gold Hill, which suspended in December last, during the stock panic, was called on the charge of embezzling $300 from James Hurley. Judge Rising said, to convict, it must be shown that Blauvelt took this money for his own use and benefit, as the bank of Gold Hill was a corporation, and Blauvelt its agent, and a corporation cannot be convicted of embezzlement. The District Attorney being unable to prove this, was compelled to enter a nolle prosequi, and the defendant was discharged. Yesterday afternoon a squad of youngsters, ranging from 7 to 10 years of age, were playing baseball, when John Hawkins, aged 18, passing by, picked up the ball and proceeded to cut the covering into strips. One of the younger boys, named Jimmy Craze, aged 9 years, demanded the return of the ball, which Hawkins refused. Craze then spat at him, wheroupon Hawkins stabbed Craze in the vicinity of the kidneys. The blade penetrated nearly an inch and a half. It is thought the wound will prove fatal.

9. September 18, 1887 Eureka Daily Sentinel Eureka, NV
Article from Eureka Daily Sentinel, September 18, 1887

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Article Text

# The Defunct Gold Hill Bank. The Enterprise says the suit of G. F. Ross et al. vs. the Bank of Gold Hill was on trial in the District Court in Virginia Tuesday before Judge Rising. Action is brought by creditors to compel C. C. Stevenson, Richard Mercer, W. H. Blauvelt, D. O. Mills, I. L. Requa and Robert Morrow, incorporators and subscribers to the capital stock of the suspended Bank of Gold Hill, to pay up the full amount which each subscribed, the sum realized to be used in payment of the creditors' claims against the suspended bank. There is a great array of legal talent on either side, and there are some fine points to be brought out, particularly as to whether the defendants have paid up the amount subscribed. [Had it been organized under the National Banking Act: No money, no charter, no bank. Private concerns of the wildcat species are not allowed to begin or survive under the Government system. ED. SENTINEL.]

10. October 7, 1887 Sacramento Daily Record-Union Sacramento, CA
Article from Sacramento Daily Record-Union, October 7, 1887

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A SAGEBRUSH SENSATION. Prominent Citizens Indicted for Perjury -One Skips to Canada. [Copyright, 1887, by the California Associated Press. VIRGINIA, October 6th.-In the District Court this morning the Grand Jury reported indictments for perjury against W. H. Blauvelt and F. Mercer, both prominent residents of this county. The accused were among the incorporators and subscribers to the capital stock of the defunct Bank of Gold Hill. Suit was recently brought against the subscribers of that bank to compel them to pay up the full amount of their subscriptions to satisfy the claims of creditors against the suspended bank. The suit was decided in favor of the plaintiffs. In their testimony in that suit Blauvelt and Mercer denied under oath certain allegations in connection with the suspended bank. Subsequent discovery of certain alleged conclusive evidence of the accused having been guilty of perjury led to their indictment. Bench warrants were issued for the arrest of the accused, and Blauvelt was taken into custody. Mercer has not yet been found, and it is believed that he fied to Canada on gaining information that a charge of perjury had been preferred against him. The news of the eindictment and the subsequent report that Mercer had fled has created profound sensation. Mercer's flight is taken as indubitable evidence of guilt. Blauvelt was the Agent of the suspended bank for many years, is now local Secretary of the Yellow Jacket Mining Company, the "right bower" of R. F. Morrow, and a prominent member of the church.