Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1880-06-29
THE RENO BANK FAILURE.
THE CHARGES MADE BY THE GAZETTE STATE
TREASURER CROCKETT MAKES A STATEMENT

The following from the Reno Gazette,
thrsws new light on the manner in which the
Reno Savings Bank was manipulated:
There are many very disagreeabls facts COM
ing to light in connection with the failure OF
the Reno Savings Bank. The manager and
the cashier Of the institution are we'll known
here, and have stood high in this community
and this State, but from their own statements,
but enc conclusion is possible, and that Is
that they protected their friends at the ex-
pense of every one else. Mr.. kinkead. the
manager, went to Virginia on Thursday, the
23rd, to raise money if possible. He failed
to do so, and in the afternoon telegraphed to
L. c. Batcheider, the cashier, not to close
the door Of the vault, which has time lock.
After his return home, Mr. kinkesd's uncle,
James II. Kinkead, drew out over $14 900
and r. N. Clarke of Carson, his brother-in-
law, drew out over $500. Not long after Mr.
Kinkead returned, MIR. Batchel,ler took
team and drove to Carson, and l.. l., Crockett,
State Treasurer and Vice President of the
Bank, returned with him, arriving here at 5
o'clock i'll the morning.
THEY WENT TO THE BANK
And took gu. lot Of coin ach Mr. Crockett
says was all silver and in one sack, amount
ing to $1OS4. Mr.. Crockett says this was all
the money there was in the vault at the time,
bat that there were notes, stocks and ether
securities there. On the evening OF the Path
Mr.. Batchelder sa,Es to the bank and tried to
unlock the door. He Was prevented from
doing So by key en- the inside of the lock
which. proved tv be that Of the keeper put
there by Sheriff Walker. He opened the
door and Mr.. Bstchelder eater I'd. The keeper
says Mr.. Batchsidsr filed up soae blanks at
the desk aad asked permission to open the
vault and lay thsm inside. He was refused,
and though he argued and cuaxed Was still re-
fused. He then put the papers in All envel-
ops and left them ON the desk. Sheriff |
Walker soon after put an attachment Oh them
be q check No 1907, drawn by L. L. Crockett
in favor Of himself and marked paid June
23d. The amount was s. .62S SO. The second
paper was certificate No. 1902, in favor Of
iIrs. L. L. Crockett, dated April 10th, pay
.ble in three months, for $53a A. The
bird paper was certificate No. 1888, dated
June 14th, in favor of L. l.. Crockett. for
81 900, payable in six months. Thus it
would seem that DIR. Crockett was paid ever
81 500 on certificates that were not due, and
hat he drew So, 900 on his check, making in
III over S., 900 instsad Of 81 ,O94, b. claims.
These figures agree with the statements of
lanes H. Kinkead, the elder, that Mr..
Irockett took all the States money, amount
ng to about s. 900. The directors and Off
ers Of the bank have been in session all day
ut have accomplished nothing in the way Of
repairing statement. Nothing can be told
bout the condition Of the bank until the
tatensnt appears. Parties are buying the
took at twenty cents On the dollar.
Mr.. cRecKErTs RECLAMATION.
An APPEAL reporter called upon State =
treasurer Crockett yesterday morning, he
,ade the following statement: ..
Reporter.-Ths Reno Gazette states that Z
ca drew ever 5000 from the sank the day of c
,e failure, instead Of $l0S6 a. you stated.
Crockett drew $1OS6 in money and the
slance, about $1,000 in securities This
oney belonged to the State and net to me. n
had received checks from various places in b
le State, and in order to save tho enc fourth b
one per cent. discount, l bad sent them to Il
10 Reno bank. The checks were payable in ]
IN Francisco. and as the Reno bank was in =
with the San Francisco banks d
was also an accommodation to them, As
ey could send checks instead of money
he money was not deposit and w..s SO re- =,
rded. -
Reporter-Did you draw cut any Of your !.
N money!
Crock tt-No did not. H-
Repcrter-Had you any deposited
fifteen hundred dollars, tt
aich ! lose. -.- .. 81. ST., .-e d
Reporter you any further interest "
the bankl tn
own fifteen one-hundr edths Of A
, stock. l am cited to appear before the
nrt On Thursday next. What l have told W
u is about tn. substance Of the matter. s.
KINKEAD's LOSSES. ~,
The statement that Gen. Clarke drew out ii
DO is incorrect, az he has b"en East for some ar
eks. He sent his brother check for 500
CIV days before the bank failed but it was