State Bank & Trust Company (Carson, NV)

Episode Information

Episode UID
9852340591294
Episode Type
Run → Suspension → Closure
Bank Type
state
Bank ID
985234059 hash
Start Date
October 23, 1907
Location
Carson, Nevada

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7a293bec8c30249d

Response Measures

None

Description

Multiple articles show an initial run/suspension in Oct 1907, attempted reorganization in Feb 1908, and appointment of a receiver in May 1908.

Events (5)
1. October 23, 1907 Run
Cause
Correspondent
Cause Details
Crisis precipitated when a San Francisco bank refused to honor checks on one Rickey branch, producing withdrawals and runs.
Measures
Officials issued statements reassuring depositors; attempted to secure funds from correspondent and president went to San Francisco to get ready money.
Newspaper Excerpt
When the news that the State Bank and Trust company of Carson, Nevada, with branches in several camps, reached Los Angeles ...
Source
newspapers
2. October 23, 1907 Suspension
Cause
Local Shock
Cause Details
Labor troubles in southern camps and steady drain of deposits forced the bank to suspend payments.
Newspaper Excerpt
Statement Issued By State Bank At 2:30 o'clock this afternoon a statement was issued by the State Bank & Trust Co. at Carson ... the steady drain of deposits were given as reasons for the suspension.
Source
newspapers
3. February 5, 1908 Other
Newspaper Excerpt
A writ of attachment was granted against the State Bank & Trust Co. ... A receiver was immediately placed in possession of the bank (attachment) ... the bank closed its doors over three months ago ... loss will be close to 75 per cent.
Source
newspapers
4. February 10, 1908 Other
Newspaper Excerpt
A new phase ... D. MacKenzie ... agreed to refinance the institution and became one of its members. MacKenzie agrees to furnish $140,000 ... proposed to pay depositors 10 per cent in ninety days ... branches at Goldfield, Tonopah, Blair and Manhattan are not in the deal.
Source
newspapers
5. May 18, 1908 Receivership
Newspaper Excerpt
Judge Langan ... appointed Frank Wildes, deputy State treasurer, receiver of the State Bank and Trust Company, which suspended last October. Bond was fixed at $1,000,000.
Source
newspapers

Newspaper Articles (23)
1. October 24, 1907 Los Angeles Herald Los Angeles, CA
Article from Los Angeles Herald, October 24, 1907

Click image to open full size in new tab

Article Text

and that business would be resumed as soon as conditions would permit. The Goldfield bank was closed at 10:45 o'clock and a large crowd stood about the doors in the drizzling rain during the day. It was reported that the Goldfield reserves of currency would be sent to Carson and threats were made by the crowd to wreck the bank if this was attempted. Deputies were stationed at the door and there was no demonstration. C. H. Wise, assistant cashier of the Goldfield branch, declares that the bank has enough money on hand to pay two for one on all obligations. This declaration reassured the depositors, but in spite of this the two other banks, the Nye and Ormbsy and tne John S. Cook suffered from runs. The former paid out $100,000. Both institutions stood the run without a tremor and their officials declare that they will be able to pay all demands without difficulty. When the news that the State Bank and Trust company of Carson, Nevada, with branches in several camps, reached Los Angeles a well known vice president of one of the important local banking institutions was asked what effect the failure might have on local conditions. "Absolutely none at all," he replied. "Los Angeles' business relations with the Nevada camps are of too recent origin to amount to much as yet, at least to enough that any failure there would have any effect here. "We have had knowledge for sometime that the chain of Rickey banks was weak. Several individuals who had deposits in them transferred their accounts to Los Angeles institutions just recently. I understand that the crisis was precipitated by a San Francisco bank's refusing to honor checks on one of the Rickey branches."

2. October 26, 1907 The Eureka Sentinel Eureka, Tonopah, NV
Article from The Eureka Sentinel, October 26, 1907

Click image to open full size in new tab

Article Text

Statement Issued By State Bank At 2:30 o'clock this afternoon a statement was issued by the State Bank & Trust Co. at Carson, in which the recent labor troubles in the southern camps and the steady drain of deposits were given as reasons for the suspension. It states that the bank will remain closed for a time but expresses the belief that there will be no loss to depositors. A statement of resources and liabilities is not given because statements from the branches in the south have not yet arrived.

3. October 29, 1907 Los Angeles Herald Los Angeles, CA
Article from Los Angeles Herald, October 29, 1907

Click image to open full size in new tab

Article Text

ngs in bener. about the adreceiver at the fact that it seems the majority of the ould wait upon the exbank by the state bank will not deny the petition the court, but will allow it to en, and between this date and ursday at 10 o'clock I will take it will enter into communication with rney General Stoddard and learn of d determination in the matter. At the time named. if the information I received does not satisfy, I will appoint a receiver." CARSON, Nev., Oct. 28.-Bank Commissioner Miller has examined the books of both banks here and reports no cause for alarm. Richard Kirman, mayor of Reno, and his associates have offered to take hold of the banks and pay all depositors. F. B. Rickey, president of the State Bank and Trust company, arrived from San Francisco this morning, where he went to secure ready money. He conferred with the directors this afternoon. It is generally relieved here that the bank will resume and pay dollar for dollar.

4. October 29, 1907 The Morris County Chronicle Morristown, NJ
Article from The Morris County Chronicle, October 29, 1907

Click image to open full size in new tab

Article Text

NEVADA BANKS CLOSED. Unable to Realize on Mining Stocks Taken as Collateral. Reno, Nev.-The State Bank and Trust Company, of which T. B. Richey is president and which has headquarters at Carson and branches at Goldfield, Tonopah, Manhattan and Blair, suspended payment. This was due to the inability to realize on stocks accepted last year as collateral for a loan of $400,000. The Nye and Ormsby County Bank, of which Frank Golden is president, also suspended.

5. November 1, 1907 Weekly Independent Elko, NV
Article from Weekly Independent, November 1, 1907

Click image to open full size in new tab

Article Text

FROM SATURDAY'S DAILY. District Attorney McCarren of Tonopib is in Elko today looking after the interests of Patsy Dayer, the Austin munderer. The big traction engine that has stood in the street the last week or two was starmed up the afternoon and taken to the mitroid camp west of town, where it will be used III graning Thirty-two years ago today was a day in Virgina City. The larger part of the city burned and many people were destitute and homeless that night The experiences of that day cannot be blotted from the memories of those who saw the city burn. Washington's monument is 555 feet high. The eggs shipped from 50 coun ties in this state, leaving 64 yet to hear from, if placed end on end would build a monument 221,882 times higher than the Washington shaft.-Kansas City Journal. We stated yesterday that all the binks in eno closed in compliance with the governor's proclamation. This was an error as the Scheeline bank transacted business ns usual. Mr. Scheeline did not believe there was any occassion to se. There was no run on bis bank and the deposits exceeded the withdrawals. Major Miller arrived in Carson yesterday and qualified as bank examiner. H. held a consulation with the officers and director 8 of the State Bank and Trust Company ID the afternoon and has goue to other points to examine all its branch banks. It is said that President Rickey says it will take two million dollars to settle affairs of the State Bank and Trust Company. A federal court at Los Angeles has just convicted the Santa Fe of giving rebates. Paul Morton confessed it several years ago, just before being appointed secretary of the navy by President Roosevelt-Commoner. A western man has succeeded in breeding what be calls 8 fenceless pig. This pig has only one eye, which causes hin to travel in a circular direction, and thus assures hie owner that he will always come home and does away entirely with the necessity of fences. change. The earth nas a shadow, but very few ever see it, except in eclipees of the moon, or else few recogniz it when they see it. Nevertheless, many of us have noticed on flue, cloudless evenings in summer shortly before sunset A rosy pink are on the horiz in opposite the sun, with a bluish gray segment under it. As the sun sinks the are rises until it attains the zenith and even passes it. This is the shadow of the earth. Scores of young men are leaving Reno to settle upon timber land in the Susanville timber reserve, in Lassen county, Cal., which was recently thrown open and which will be closed to the public the latter part of this month Many of these young men intend to purchase timber land and others intend to settle on it and make their homes there. The Nevada railroad commission yea. terday received word from Vice-President and General Manager Calvin of the Southern Pacific raitroad that the road was making every effort to relieve the car shortage as a result of the heavy stock shipments now being made from the state and that alreads

6. January 3, 1908 The Montgomery Tribune Montgomery City, MO
Article from The Montgomery Tribune, January 3, 1908

Click image to open full size in new tab

Article Text

FINANCIAL Jan. 21-Merchants' and Farmers' bank of Fairmont, Minn., suspended. Feb. 2-F. D. Gilman, former president suspended Home bank of Goodland, Ind., found guilty of embezzlement. S-F. D. Gilman, Indiana banker, sentenced to term of one to three years in state prison. 25-Disappearance of $173,000 from subtreasury at Chicago made public. Mar. 14-Virtual panic in Wall street; Secretary Cortelyou relieved the situation. 19-Citizens' State bank of Firth, Neb., closed by state. 28-Corbin Banking company of New York, assigned; assets, $8,000,000; liabilities, $1,700,000. Apr. 2-Maj. H. W. Salmon of Warsaw, Mo., convicted of illegal banking, sentenced three years in penitentiary. 11-Bank of Conception, at Clyde, Mo., ordered closed. 19-Ex-Judge Smith of Chicago, found guilty of conspiring to defraud stockholders and depositors of Bank of America, of which he was president; penalty, imprisonment and $1,000 fine. Jul. 1-Citizens' bank of Eureka Springs, Ark., suspended. 6-Fort Dallas National bank of Miami, Fla., closed. 20-Farmers' National bank of Boyertown, Pa., ordered closed. Aug. 3-People's State bank of Brownstown, Ind., closed by state authorities. 11-Receivers appointed for Pope Mfg. Co., of Hartford, Conn.; failure ascribed to stringency of money market. Sep. 5-Watson & Co., members of New York stock and produce exchanges and of Chicago board of trade caned. Oct. 9-Union bank OF Richland, and Bowman bank of Kalamazoo, Mich., both private Institutions, closed doors. Collapse of Heinze corner in copper caused violent slump in stocks in New York; firm of Otto Heinze & Co., suspended from stock exchange. 19-New York clearing house committee declared that the Heinze, Morse and Thomas interests had been eliminated from banking organizations of New York. Knickerbocker Trust Co., New York's second largest financial institution, forced to suspend; great slump in securities; call money at 70 per cent. Secretary of treasury ordered deposit of $25,000,000 of government funds in New York banks. Four Westinghouse companies at Pittsburg and one trust company forced into hands of receivers because of financial stringency State Bank and Trust Co., of Carson, Nevada, failed. Three minor banks in New York forced to close Southern Steel Co., of Birmingham, Ala., filed involuntary petition in bankruptcy. 25-Six more minor banking institutions in New York closed doors Union Trust Co., of Providence, R. I., suspended. 26-Banks in New York and Chicago, and many other cities adopted clearing house loan certificate system to prevent draining of supplies of currency and made withdrawal of savings deposits subject to legal notice. -California Safe Deposit & Trust Co. bank, at San Francisco, closed Financial conditions in New York practically normal again. Nov. 4-Three small banks in Kansas closed United States Steel corporation secured controlling interest in Tennessee Coal & Iron Co. -Receiver appointed for Arnold Print works of North Adams, Mass., one of largest textile concerns in country. 12-Merchants' National bank of Portland, Ore., California bank of Oakland, Cal., and Farmers' & Merchants' bank of Sapulpa, I. T., suspended. as -Secretary of Treasury Cortelyou ordered issue of $50,000,000 of Panama bonds and $100,000,000 certificates of indebtedness as means of relieving financial situation City National bank of Frederick, Okla., failed. 17-American Silk Co. capital stock, $11,000,000, which operated mills in several cities, placed in hands of receiver. Dec. 2-Chelsea Savings abnk of Chelsea, Mich., owned by State Treasurer Glazier, closed. -National Bank of Commerce, one of largest financial institutions of Kansas City, suspended. Fort Pitt National bank of Pittsburg, closed. 17-Jewelers' National bank at North Attleboro, Mass., in hands of receiver.

7. January 9, 1908 The Mena Weekly Star Mena, AR
Article from The Mena Weekly Star, January 9, 1908

Click image to open full size in new tab

Article Text

FINANCIAL Jan. 21-Merchants' and Farmers' bank of Fairmont, Minn., suspended. Feb. 2-F. D. Gilman, former president suspended Home bank of Goodland, Ind., found guilty of embezzlement. -F. D. Gilman, Indiana banker, sentenced to term of one to three years in state prison. -Disappearance of $173,000 from subtreasury at Chicago made public. Mar. Virtual panic in Wall street; Secretary Cortelyou relieved the situation. 19-Citizens State bank of Firth, Neb., closed by state. 28-Corbin Banking company of New York, assigned; assets, $3,000,000; liabilities, $1,700,000. Apr. 2-Maj. H. W. Salmon of Warsaw, Mo., convicted of illegal banking, sentenced three years in penitentiary. 11-Bank of Conception, at Clyde, Mo., ordered closed. 19-Ex-Judge Smith of Chicago, found guilty of conspiring to defraud stockholders and depositors of Bank of America, of which he was president; penalty, imprisonment and $1,000 fine. Jul. -Citizens' bank of Eureka Springs, Ark., suspended. 5-Fort Dallas National bank of Miami, Fla., closed. 20-Farmers' National bank of Boyertown, Pa., ordered closed. Aug. 3-People's State bank of Brownstown, Ind., closed by state authorities. 14-Receivers appointed for Pope Mfg. Co., of Hartford, Conn.: failure ascribed to stringency of money market. Sep. -Watson & Co., members of New York stock and produce exchanges and of Chicago board of trade, failed. Oct. Union bank of Richland, and Bowman bank of Kalamazoo, Mich., both private institutions, closed doors. 16-Collapse of Heinze corner in copper caused violent slump in stocks in New York; firm of Otto Heinze & Co., suspended from stock exchange. New York clearing house committee declared that the Heinze, Morse and Thomas interests had been eliminated from banking organizations of New York. 22-Knickerbocker Trust Co., New York's second largest financial institution, forced to suspend; great slump in securities: call money at 70 per cent. 23-Secretary of treasury ordered deposit of $25,000,000 of government funds in New York banks Four Westinghouse companies at Pittsburg and one trust company forced into hands of receivers because of financial stringency State Bank and Trust Co., of Carson, Nevada, failed. 24-Three minor banks in New York forced to close Southern Steel Co., of Birmingham, Ala., filed involuntary Detition in bankruptcy 25 Six more minor banking Institutions in New York closed doors Union Trust Co., of Providence, R. I., suspended. 36-Banks in New York and Chicago, and many other cities adopted clearing house loan certificate system to prevent draining of supplies of currency and made withdrawal of savings deposits subject to legal notice. 30-California Safe Deposit & Trust Co. bank, at San Francisco, closed Financial conditions in New York practically normal again. Nov. 4-Three small banks in Kansas closed United States Steel corporation secured controlling interest in Tennessee Coal & Iron Co. e-Receiver appointed for Arnold Print works of North Adams, Mass. one of largest textile concerns in country. 12-Merchants National bank of Portland, Ore., California bank of Oakland, Cal., and Farmers' & Merchants' bank of Sapulpa, I. T., 18- of Treasury dered Secretary suspended. Cortelyou orissue of $50,000,000 of Panama bonds and $100,000,000 certificates of indebtedness as means of relieving finanetal situation City National bank of Frederick, Okla. failed. 27-American Silk Co. capital stock, $11,000,000, which operated mills in several cities, placed in hands of receiver. Dec. 2 Chelsea Savings abnk of Chelsea, Mich., owned by State Treasurer Glazier, closed. 5-National Bank of Commerce, one of largest financial institutions of Kansas City, suspended. 6-Fort Pitt National bank of Pittsburg. closed. 17-Jewelers National bank at North Attleboro, Mass., in hands of receiver.

8. February 5, 1908 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, February 5, 1908

Click image to open full size in new tab

Article Text

ATTACHMENT SERVED ON CARSON STATE BANK. Carson, Nev., Feb. 5.-This morning a writ of attachment was granted against the State Bank & Trust Co. of this city, Sheriff Kinney served the attachment on President Rickey as ne name to the bank. The attachment was asked for in the sum of $11,930 in the name of the Francis Mohawk Mining & Leasing company. D. Mackenzie of Goldfield, applied for the writ for the company. A receiver was immediately' placed in possession of the bank, Mr. Rickey, on being asked what course would be taken to raise the attachment, refused to make any statement as the directors and stockholders will hold a meeting this afternoon. The bank closed its doors over three months ago and while every effort has been made to re-open Mr. Rickey, the nes failed to raise the necessary coin to set It on its feet. Several days ago he made a proposition to the other stockholders that he would take the institution over and place a million the concern, provided they would turn their stock to him. This is considered today, provid.ng the attachment can be raised. The Carson branch of the bank is the home office over three-quarters of a million are involved in the name, of depositors In city and adjacent rural settlements. It was stated this morning that the loss will be close to 75 per cent.

9. February 11, 1908 Los Angeles Herald Los Angeles, CA
Article from Los Angeles Herald, February 11, 1908

Click image to open full size in new tab

Article Text

RICKEY BANK REORGANIZED AND WILL PAY BIGGEST DEPOSITOR BECOMES DIRECTOR All Who Have Money in Institution Will Receive What Is Due Within a Year, According to the Present Plan By Associated Press. CARSON, Nev., Feb. 10. - A new phase in the Nevada banking situation was evident this afternoon when D. MacKenzie, the heaviest individual depositor in the suspended State Bank and Trust company, agreed to refinance the institution and became one of its members. MacKenzie, who recently had an attachment issued against the bank, has awaited the action of the committee investigating the bank's securities. They reported to him this afternoon and upon personal examination he agreed to withdraw the attachment and help reorganize the bank. MacKenzie agrees to furnish $140,000. This, with the $90,000 on hand, will give a working capital sufficient for immediate needs. MacKenzie has $800,000 in deposits, but cannot secure more than any other depositor. He will become a director under the reorganization that is to be effected immediately. It is proposed to pay depositors 10 per cent in ninety days, 20 per cent in six months and the entire amount in one year. Nearly every depositor has signed this agreement. T. B. Rickey, former president, has assigned his stock and is out. Branches at Goldfield, Tonopah, Blair and Manhattan are not in the deal.

10. February 13, 1908 The White Pine News Ely, NV
Article from The White Pine News, February 13, 1908

Click image to open full size in new tab

Article Text

RICKEY IS OUT -ASSIGNS STOCK Mackenzie Will Take up Bank Burden Under a New Arrangement CARSON, Feb. 12.-There will be a meeting of the depositors of the State Bank and Trust company in the district court chambers In this city tomorrow and plans will be discussed for the opening of the banks. At the meeting D. Mackenzie, who recently filed an attachment against the bank, will appear and make an offer to the depositors to place the bank upon a substantial basis. Mr. Mackenzie stated this afternoon that he would offer to place $150,000 cash in the vaults of the bank, if the stockholders will turn their stock over to the company and the depositors will sign the agreement circulated some time ago by the directors of the institution. If he does this the amount will be sufficient to pay the first 10 per cent due the depositors at the end of 90 days, according to the terms of the agreement, which most of the depositors have already signed. Mr. Mackenzie has declared that he will sign the agreement for all the companies he represents but that all other depositors must do the same. He also states that he believes that if this plan is followed the bank will soon be upon a substantial basis, and will be able to pay all depositors in full. Rickey stated to Mackenzie yesterday that he would have nothing more to do with the bank. Mackenzie agrees to furnish $150,000. This with the $50,000 on hand will give a working capital sufficient for immediate need. He will become a director under the eerganization that is to be effected immediately. It is proposed to pay depositors 10 per cent in 90 days, 20 per cent in six months and the entire amount in one year. Nearly every depositor has signed this agreement Rickey has assigned his stock. The branches at Goldfield, Tonopah, Blair and Manhattan are not in the deal.

11. February 20, 1908 The San Francisco Call San Francisco, CA
Article from The San Francisco Call, February 20, 1908

Click image to open full size in new tab

Article Text

Rickey Held to Grand Jury as Embezzler District Attorney Accuses Nevada Financier and Two Members of Bank Commission SPECIAL DISPATCH TO THE CALL CARSON Nev., Feb. 19.-T. B. Rickey, head of the State bank and trust company, whose branches in the Nevada goldfield towns have been suspended, rests tonight under formal charges of embezzlement. He is at liberty under $10,000 bail demanded by Judge Folsom. His case will be taken up tomorrow by a special grand jury, which was summoned by the court this afternoon. Rickey was placed in his present predicament after a session marked by the prosecutor's bitter denunciation of Rickey's operations, frenzied finance, he said, that was winked at by the bank commission, which also was hotly arraigned as criminally negligent or incompetent. Judge Folsom put an end to the acrimonious exchanges between prosecution and defense by declaring at the close of the day that the evidence at hand was sufficient to hold Rickey for the grand jury. Then the court fixed bail at $10,000. which the accused banker promptly furnished. Among those who signed Rickey's bond were State Secretary Douglas, former Governor Adams, former Governor Colcord, S. P. Davis and Deputy Treasurer Wildes. The new grand jury will be drawn tomorrow morning, as Judge Lagdon will be in this city, In Rickey's defense today the banker's counsel, Attorney Chartz, asserted that Attorney General Stoddard had declared the bank solvent and held that under such testimony there could not be anything criminal to hold Rickey. Roberts, the district attorney, in summing up his address to the judge made a number of serious charges, both against Rickey and the bank commission. He stated that at the time the state board was investigating the banks two of the members were interested in the bank, Ryan, one of the members, being still president of the Nye bank, while Douglass was associated in a measure with the Fallon bank. He further stated that in case any indictments were found by the grand jury against Rickey charges would be made against every director and clerk. Roberts reviewed the testimony of Bank Examiner Miller in which he declared the bank insolvent. Several times both attorneys were on the floor at the same time and it kept the judge busy to maintain order. Before the court session this morning a new sensation was sprung in the Rickey case. Mrs. Sadler, widow of the late Governor Sadler, filed an attachment for $10,000 against the State bank and trust company. The sheriff at once took charge and placed a watchman in the bank. Mrs. Sadler had the money as a deposit and has refused to trade or transfer the account. It is believed that this is the forerunner of a receiver, which all admit cannot be held off much longer.

12. February 21, 1908 Daily Independent Elko, NV
Article from Daily Independent, February 21, 1908

Click image to open full size in new tab

Article Text

The Rickey Banks The affairs of the State Bank and Trust Company are becoming more complicated. Creditors are filing suits against the bank, one of the latest of these was brought by Mrs. Sadier, widow of the late governor, for $10,326.72. An attachment was issued and levied on the bank building and its contents. Judge Langan arrived in Carson yesterday and drew a grand jury to investigate the affairs or the company's banks, The jury will meet Monday to begin the investigation, instead of meeting yesterday as stated in last evening's issue. The State bank commission met at Carson yesterday afternoon, Commis. sioners Ryan and Douglass and Bank Examiner Miller being present. Mr. Miller is making a ne N report on the condition of the bank. When this is finished the commission will be prepared to act on the attorney-general's request that a receiver be appointed. While this work is going on, the rehabilitation committee 18 progressing rapidly with its plans for reopening the cham of banks. It looks to an outsider as if the depositors and creditors should stand solidly behind the committee instead of fighting for the spoils,

13. February 24, 1908 The Eureka Sentinel Eureka, Tonopah, NV
Article from The Eureka Sentinel, February 24, 1908

Click image to open full size in new tab

Article Text

Mrs. Sadler Sues for $10,000 Mrs. R. Sadler, widow of the late Governor, filed an attachment suit at Carson on Wednesday against the State Bank and Trust Company for $10,326, the amount she had on deposit in the suspended bank.

14. March 21, 1908 The Evening Statesman Walla Walla, WA
Article from The Evening Statesman, March 21, 1908

Click image to open full size in new tab

Article Text

Bank Wreckers Arraigned. CARSON, March 21.-Four directors of the suspended State Bank and Trust company were arraigned in court today, accused of embezzlement. A motion is being made today to quash the indictment against them. The grand jury has found another indictment against T. B. Rickey of He was released on the bank. $10.000,000 bail.

15. April 24, 1908 Arizona Republican Phoenix, AZ
Article from Arizona Republican, April 24, 1908

Click image to open full size in new tab

Article Text

THE NEVADA BANK. The Last Hope of its Rehabilitation Abandoned. Carson, Nev., April 23.-The state bank commission meeting this afternoon petitioned the district court to appoint a receiver for the State Bank and Trust company, which closed its doors on October 23. The petition sets forth that the cause of delay in asking for a receiver was to give the directors and others a chance to rehabilitate the bank, but that all efforts had failed. The amount of deficiency is $451,000.

16. May 1, 1908 Weekly Independent Elko, NV
Article from Weekly Independent, May 1, 1908

Click image to open full size in new tab

Article Text

tell you something of the show. Read it. Eleven feet of ore assaying it high as $8,000 to the ton and averaging, clear across its face, $800 to the ton, was uncovered in a sixteen foot hole on the Dutchman property, 10 miles southeast of Mill City in Humboldt county last Thursday, and since that time a small sized stampede of fortune seekers has been made to the new-El Dorado. Governor Sparks' condition as told in the article elsewhere from Wednesday's Reno Gazette, comes as a shock to the people of Nevada. While they knew he was suffering from illness, contracted during the Goldfield trouble, they did not know that his condition had taken such a serious turn. This news brings sorrow to his host of friends throughout the state who honor and respect him for his manly stand in favor of law and order and for his worth as a citizen. The good people of the state hope and pray for the governer's speedy recovery. At a meeting of the bank commissioners and the directors of the State Bank and Trust Company at Carson Wednesday, Rickey renewed his offer to take over 1000 shares of the bank's stock at $100 a share. Directors Brougher and Peterson agreed to do likewise with the stock standing in their names and the other directors agreed to protect their stock in like manner. Bank Commissioners Ryan and Douglas promised their assistance in every way, but that some steps toward opening the bank must be taken before May 15th, the time set for hearing the application for the appointment of a receiver. Rickey stated after the meeting that in his opinion the bank would be re-opened before May 15th and that there was no danger of its passing into the hands of a receiver.

17. May 4, 1908 Daily Independent Elko, NV
Article from Daily Independent, May 4, 1908

Click image to open full size in new tab

Article Text

Outlook For Bank The outlook for the opening of the State Bank and Trust company is said to grow better daily according to the affairs of the bank. The directors and many of the stockholders who are not directors have agreed to raise the necessary money to meet an assessment of $100 the share on the stock, and those who cannot raise the money are arranging for friends to take over the stock and then protect them with notes. It is likely that sometime the coming week another meeting will be held by the stockholders of the institution and it will be ascertained just what the present status is. No action can be taken before May 15th but at that time the directors hope to have the necessary assessment raised and then to make a showing in court. If the money is raised then the bank will be reopened and the application for a receiver denied or withdrawn by consent.Carson News.

18. May 19, 1908 Tonopah Daily Bonanza Tonopah, NV
Article from Tonopah Daily Bonanza, May 19, 1908

Click image to open full size in new tab

Article Text

Judge Langan Appoints Frank Wildes of Carson City to Wind Up the Affairs of Defunct Institution-May Pay Fifty Cents on the Dollar. , CARSON, Nev., May 18.-Judge Langan of the District Court here today appointed Frank Wildes, deputy State treasurer, receiver of the State Bank and Trust Company, which suspended last October. His bond was fixed at $1,000,000. The failure involved liabilities of over $400,000. It is believed the bank will eventually be able to pay 50 cents on the dollar.

19. May 19, 1908 Los Angeles Herald Los Angeles, CA
Article from Los Angeles Herald, May 19, 1908

Click image to open full size in new tab

Article Text

APPOINTS RECEIVER FOR STATE BANK AND TRUST By Associated Press. CARSON, Nev., May 18.-Judge Langan of the district court here today appointed Frank Wildes, deputy state treasurer, as receiver of the State Bank and Trust company, which suspended last October. Bond was fixed at $1,000,000. The failure involved liabilities of over $400,000. It is believed that the bank will eventually be able to pay 50 cents on the dollar. Many attempts have been made to reopen the institution. All of the directors and a number of the officials of the bank are under indictment on the charge of embezzlement.

20. January 29, 1909 The Record-Courier Gardnerville, NV
Article from The Record-Courier, January 29, 1909

Click image to open full size in new tab

Article Text

Judge Van Fleet of San Francisco will hold court for Judge Farington in Carson tomorrow and will hear the motion to have the case of F. Wildes, receiver of the State Bank & Trust company, vs. T. B. Rickey et al remanded to the state courts. In this case Rickey is endeavoring to have his portion of the case heard before the federal courts on the ground that he is not a resident of Nevada.

21. April 17, 1909 The Eureka Sentinel Eureka, Tonopah, NV
Article from The Eureka Sentinel, April 17, 1909

Click image to open full size in new tab

Article Text

Recent Prodding Brings Small Dividend Receiver F. L. Wildes of the State Bank and Trust Company on Monday announced that the second dividend of 5 per cent had been declared and is now payable at the bank at Carson. The total dividend amounts to approximately $55,000. With the payment of this dividend the creditors of the defunct institution have had dis. tributed among them a little over $100,000.

22. January 5, 1912 Tonopah Daily Bonanza Tonopah, NV
Article from Tonopah Daily Bonanza, January 5, 1912

Click image to open full size in new tab

Article Text

FRANK WILDES ILL IN SAN FRANCISCO It is said that Receiver Frank Wildes of the State Bank & Trust company, who is the complainant in the bank case at Carson, is in a San Francisco hospital, and it does not look as if much head way would be made with the case this month, unless the receiver take a decided turn for the better, and is able to return to this state in a short time.-Virginia Chronicle.

23. October 2, 1916 Tonopah Daily Bonanza Tonopah, NV
Article from Tonopah Daily Bonanza, October 2, 1916

Click image to open full size in new tab

Article Text

RECEIVER GETS JUDGMENT Attorney George Green appeared before Judge Langan in the district court at Carson in the case of Frank Wildes as receiver for the State Bank and Trust company against the Lou Dillon Goldfield Mining company on a suit to collect on notes to the amount of $12,000 given to the bank before It closed its doors in 1907. Judgment was rendered in favor of the plaintiff.