The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1910-04-09
SPENCER REYNOLDS
APPOINTED RECEIVER
Takes Possession Friday Morning OF the Eureka
County Bank and Its Assets-Money OF Eureka
County Turned Over to Its Treasurer

During the week nothing definite has transpired regarding the
affairs of the Eureka County Bank, save the appointment OF q re-
ceiver OF Wednesday, his qualifying a such officer on Thursday
the entering upon the duties of his Office on Friday morning, 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:
District Court Proceedings
Judge Breen convened Court on Wednesday, April ., Tor the
purpose of appointing a receiver for the Eureka County Bank and
other matters.
Evidence was introduced showing the death of the late Bank
Examiner M. M. Van Fleet on the End instant, and that the defunct
institution had no legal custodian since then; that the Board OF
County Commissioners, to protect the county and depositors, had
ordered the Sheriff of the county 30 place officers around the bank
until the appointment of a receiver, and also that Governor Dicker-
son had wired G. 3. German to take charge of the bank as custo-
dian.
Judge Breen then spoke substantially 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 Tor
the Eureka County Bank. As you are aware, the application for
the appointment 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 n declin-
alton to accept the position. 1 informed the depositors at the meet
ing held on the first instant that, should an unfavorable reply come
from the Elko people, 1 would appoint some citizen of our town
I am now prepared to do so. The gentleman who is to be receiver
has lived in Eureka some 35 years, or three years longer than my
self. During all of the 80 years I have known him l have never
heard an ill 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. 1 shall
dppOLub OpouC IL VI GuAOh" Ho'"U' AO"H
Eureka County Bank, and fix his bond at $4,000.
Judge Breen convened the District Court at 10 o'clock Thurs
day morning The Grand Jurors who had been summoned were in
attendance, and after a number had been excused, the following
Grand Jury was sworn in and Immediately entered upon its duties ::
Dennis Keefe. Foreman. Daniel Morrison. D. E. Notroa.
A. P. MayDsrry. william rrsmDah, Philip paroni.
William zadow. A. W. Clayton. c. J Mcbride.
Frank Koppi Robert Z. Bailey, Oliver Pratt.
George D. shutes. Ernest H. Man. Fred orOfut
Otis Fulton. James H. Jury,
After charging generally in the statutory provisions, Judge
Breen instructed them substantially as follows:
Charge to the Jury
And now, gentlemen, to be candid with you, as I have at all
times endeavored to be, for a few words on The leading reasons for
calling you together to-day. When on the 18th day of last month
Court convened for the Spring term there we're few judicial officers
in this 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 a Grand Jury. There was a large
cash balance to the credit of the county in the possession of the
County Treasurer. There was not, up to that date, an idle man in
the community, and there was on deposit in our local bank, or sup
posed to be, the exceptionally large sum of $319s89236. or a per
capita of over $210, counting our population at say, 1900 souls-a per
capita rarely exceeded in the most enterprising community. Peace,
plenty and prosperity expressed the conditions then existing, with
the brightest of prospects ahead Of us. Whilst flood and washout
somewhat stunned us for the moment, we felt sure their evil effects
we're but temporary, aud that ere long our tremendous mineral re-
sources and native energy would bring back to US once more our
temporarily lost afiuence. But sudden as a fash of tightening, and
unsupported as a roll of thunder from a sunny sky, or the appear
ance without warning of a deadly epidemic in a superhealthy COM
munity, came the closing of our local bank, to the utter consterna-
ton of all Only those of us who were in the town of Eureka on
the 22d day of last month and days following can tell of the mental
suffering and otherwise direful effects of this collapse I shall not
dwell on the subject longer than to say that no such heart suffering
had been felt here since the first piece of mineraized rock was
picked up on the slope of Prospect mountain over 40 years ago. 1t
would almost seem that every man, woman and child had a deposit
in the Eureka County Bank, and in many instances the last dollar
of a lfe's savings
Now, as to whether or not the collapse of our bank was brought
about by wrong doing on the part of any particular persons, I am
not in position to say. Personally I know nothing of the facts
All the information in my possession is equally in yours, and is
contained in the report of the late Bank Examiner of this State,
sworn to in open Court, and which many of you gentlemen doubt
less heard given in Court. But it looks to me that the report of
the Bank Examiner contains facts of a nature to justify a rigid in
vestigation by you-fuly, fairly and impartially made I have no
further comment to make.
The District Attorney and other officials will lay before you all
the material facts in their possession. No man is accused of a vo-
Of the law Investigation alone nj fal the tale apd tou al