Inter-Mountain Republican | 1907-10-24 | Page 2 | Goldfield Bank Closes Its Doors

BANK BANKS S I CLOSES ITS DOORS State Bank and Trust Company Company Com Corn pany Unable to Meet MeetS S Demands Republican Special Service Ser Goldfield Oct 23 The Tho State Bank and Trust closed its doors this his morning It Is generally supposed solvent although Its Us securities consist of d ci Sullivan Trust company company com pany stocks stock The bank I Is owned am and controlled b by T. T B B. B Rickey reputed to o bo ho 1 0 the wealthiest man mon In Nevada c branches of ot the bank at Tonopah Manhattan Car Carson Carbon on City and Blair are also closed lo t The Goldfield branch was recently to be solvent ol b by Former State Bank Examiner J J. J P. P Marshall hall The closing of the State bank blOk caw caused ed a run on tho N Nye Ne e Ormsby County Count bank banle also alRo n and d the tho Impression lon i is general that hat that bank will not open Thursday Thursday Thurs Thurs- I da day morning Miners Out of Work ork ork Five Fhe hundred miners employed h by by- companies which were depositors at athe atthe atthe the he State Bank and amid Trust company company- are thrown thron out of employment toda today until the affairs of ot the thu bank can b be ad- ad justell S R Reckons Reasons a ons given glyen for the closing o of the tho State bank bani were the thc impossibility of oC making malting collections owing o to existing conditions and the thC serious drain on thc of the southern branches or of f tho the bank owing osing to labor troubles Some of oh the heaviest depositors hawed hb d confidence ce In tho the bank by ot- ot fering to lend their support and expressed expressed ex ex- ex- ex pre pressed a d the thc opinion that the bank peole peo- peo pIe le acted I ely In Inclosing closing temporarily I