Weekly independent. [volume] (Elko, Nev.) 1887-1914, 1910-04-15
THE EUREKA COUNTY
BANKS AFFAIRS

During the week nothing definite
has t%ranspired regarding the affairs
of the Eureka County Bank. save the
appointment of a receiver on Wednes-
day, his qualifying as such officer
on Thursday, the entering upon the
duties of his office on Friday morn
ing the meeting of the Grand Jury
Thursday, and the turning over of
the money belonging to Eureka
County TO its Treasurer. all Of which
is set forth in the following:
Judge Breen convened court on
Wednesday, April 6. for the purpose
of appointing a receiver for the
Eureka County Bank and other mat
tiers.
Evidence was introduced showing
the death of the late Bank Examiner
NJ. NJ. Van Fleet on the 2nd instant,
and hat the defunct institution had
no legal custodian since then; that
the Board of County Commissioners,
to protect the county and dcpositors,
had ordered the Sheriff Of the
county to place officers around the
bank until the appointment of a
receiver, and also that Governor
Dickerson had wired c. II. German
to take charge of the bank as Gus
todian
Judge Breen then spoke sub
stantially as follows:
A large number Of depositors
know of the difficulties that had to
be overcome in the selection of a
suitable person as receiver for the
Eureka County Bank. As you are
aware, the application for the ap-
pointment only came up for hearing
last Monday week. Many present
attended the meetings called for
the purpose of advice and counsel.
The last of those meetings was held
in chambers on Friday. the first of
this month. The answer to my
telegram to the Henderson Banking
Company came on the second and
was a declination to accept the
position. informed the dcpositOrs
at the meeting held on the first
instant that, should an unfavorable
reply come from the Elko people. |
would appoint some citizen of our
town. ! am % prepared to do so.
The gentleman who is to be receiver
has lived in Eureka some 80 years,
or three years longer than myself.
During all of the 30 years ! have
known him ! have never heard an i'll
word of him or of his character.
He is a man of strict integrity. good
ability, and from his management Of
the assets Of the bank we have a
right to expect the best results.
shall appoint Spencer Reynolds Of
Eureka, Nevada, receiver of the
Eureka County Bank, and fix his
bond at $50, 900.
Judge Brcen convened the district
court at 10 o'clock Thursday norm
ing. The Grand Jurors who had
been summoned were in attendance,
and after a number had been OK
cuscd, the following Grand Jury was
sworn in and Immediately entered
upon its duties:
Dennis Kccfc, Foreman, Daniel
Morrison, ID. +. Nostrosa, A. +.
Maybcrry, William Trcmbath. Philip
Paroni, William Zadow, A. w.
Clayton, G. J.. Mcbride, Frank Kopp.
Robert d. Bailey, Oliver Pratt.
Geroge d. Shultcs, Ernest II. Mau,
Fred Crofut, Otis Fulton. James II.
jury.
After charging generally in the
statutory provisions, Judge Brccn
instructed them substantially as
foIi,,vs:
hnu o gentlemen, 10 be candid
with you, as ] ha, ai nil tir,os m
d~cavorcd TO be, for a lev ..,o,l.
the leading reasons for calling
together today. When on the 18th of
last month court convened for the
spring term there were few judicial
officers in tbs State who felt prouder
than the humble District Judge Of
this district, for there was not a
single criminal case on my calendar,
nor for that matter, a civil one
either. There had not been for one
year necessity for the summoning q
Grand Jury. There was a large
cash balance to the credit of the