Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1909-12-25
WHO GOT THE MONEY?
Tonopah, New, Dec. 30, 1908.
Editor Tonopah Bonanza,
Tonopah, New.

Dear sir:-1 have been reading with much interest your many
articles in reference to the failure of the Nye and ormsby County
bank. appreciate and commend the good WORK ? ~ NV aVT he
but there is one point not clear to me that perhaps you may pe
able to explain Who got the money the bank now owes 10 us u-
postors and stockholders?
AS understand the situation the Nye and ormsby County
bank capitalized for $500, 900, of which about 100000 was
paid in real money. think one of your articles stated ta' 'e
bank owed its depositors and other creditors about 100000 II
would appear. therefore, that about s1,OOOO0O in real money mas
been paid into that bank. If this $1O0OOOO is not On NAM
evidently it has been paid out. Who got it?
l submit, in all fairness, that the people of Nye county, at
all depostors, are entitled to information on this point IT. ~ IA me
be possible that such an immense sum OF money was "' a."
conduct of legitimate and honest banking?
If it was lost in the regular course of honest anAm -
indeed a sad commentary of the business ability Of nose !" ~ nnt
the funds of others were intrusted. If it was SO iose @0" of the
the general public have some knowledge of the details p te
loss? Would not men of clean and honest purpose : s5oo 4tm
pleased t. have afforded them the opportunity or mu'"
To the uninitiated. for almos one year this bank muddie has
been a most mysterious affair. There have been promises sa ea ~
but no results. Are not the citizens and taxpayers . -
entitled to light?
Again | ask you. Mr.. Editor, who got the money?
Yours truly
Most benighted of subscribers, we fear that your 1St Is aam
er m-timed. Or if you are serious, we beg ua1 " ~ yu not
realive that besides the 100000 purporlng to be missing that
the entire personal fortune Of President Frank oue of the
y to his statement) has also been expended in Tn me- Pa = >
bank? This deed of setsacrifee is indeed meritoriouS anu y nn rr
been strongly rumored that application has been m n",so ~ o'
er authorities that a Carnegie medal be awarded 0opeA
you not know H. but there are very few bank presidents
in the United States who would labor necessarily u '0
the depostors and stockholders as has Frank Golden -, -
OF ours YOU could not expect the bank to MAKE paD'S MO
private affairs. Matters relating to notes given by Goluen !" base
sums n not for public knowledge Even a aeposl"' asElng
money was loaned without security would shrmk ~ Ssmred
such a question. The poor deuded deposltor mas = er their
that one personal and private fortuae would pc "a - nTon-
interests. and it will only be a mafter OF ume' d -" - no
ably. n months. possibly years. out not more nan d made
fore the dollar for dollar is returned This sua.eHen mr a-
with counting future lawsuits of the receivers an s" e. of
crue the final payment VIII be indefinitely postpoheu Nt
common knowledge that attorneys fees come Ign
Your surmise that such a sum Of money eouu y -" rrass
conduct Of Legitimate ha2king, to our knowledge j on bonp-
n. other states smaller sums have been used personanS ~ IL 81
es. which resulted III the bankers retiring WITHIN le ~ 20 ne
Asatss snstitution for an indefinite period as ue g treat-
commonwealth. Neyada is more upto-date IN us mH 9 - arc
inc bank looters. TIE people who come uhoer ,,,o They
nlaced a = pillar where homage is rendered by te Az" e+,ro
arc chased al born fnanciers and should be rechoneu ohoy
cantains Of industry. They command and then mem" IN ~
nv a mere wave Of the hand a close friend IS gwen I'll IN
seeurine an oyerdraft which runs up into the mouaa"' denied
direc+ onnosition. a business man with ample eculiN
the privilege Of borrowing 50. oro
Mr. subscriber, you ask if the tax payers o NY yrand
entitled 10 light. From the report Of the late "nene Ton
i,rv we belieye not That august body, after spenuhs w." ~ to
months looking over the affairs Of the detunct oaN s"u e. ,s
natter would be looked into by the next grand WS' n ,for
oosstble mat the next body, when it has been ura"n INV mooos
s,Bcient time has elapsed, will refer the matter y n.y. ta,nor
sors am So ON down the line, The light, sougnt F aand,e
es will he furnished some day and instead oil We 80 To-
nover Illumination which Is now shedding its rays o' IL -
funct restitution. the glare will be of a brightness "mn
Nat of n cruisers searchlght, which will penetrate cue Lamohy
acessos Of the Nye and Ormsby. and reveal TRANSACTIONS "N
tbo f,nds IL the depostors were used for personal Bans