Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1911-10-12
THAT DEFUNCT BANK AGAIN.

After wrestling with the affairs of the Nye andI
Ormsby County bank deceased, for long, very
long time, Thomas Lockhart has given up hope of
realizing anything at all for the depositors and re
signed, Ed Patterson Of Carson being appointed
by the court to perform the last sad rites and
bury the corpse. 1t is high time the odorfer-
Gus of this rotten institution be placed out
Of light forever for it stinks to heaven, and then
some.
In his speech accepting the resignation of Mr.
i.ockhart Judge iIangan is reported as saying ::
There is no doubt but the Nye Ormsby County
bank is in bad condition, rotten, L might term
it rotten to the CORE and it is not the dollar
for-dollar institution | thought it going to be-
In my Judgment the Nye and Ormsby County
bank and my knowledge has been gained from
the reports submitted to me by Mr. Lockhart
as well as the other receiver, | am candldly of
the opinion that the depositors will never get any
thing out of it to speak Of, and ii anything, a
very, very small percentage of their deposits.
According to Judge Langan's summing up OF
Il mass of figures there Is due the deposltors
S45O000 and the actual money on hand is such
an insignificant sum that it easily be used up
in paying court costs in some law suits now pend
ing Now this is bad state OF affairs, and one
for which the people of Nevada have no one to
blame but themselves. They so tolerant OF
this sort of thing, easy going that bank wreck,
ing is generally conceded to be the safest and
easiest way Of stealing money. When gang OF
highwaymen hold up stage or train and take
few hundreds Il few thousands OF dollars
every effort is made to apprehend them and senC
hem to prison The ringleader generally gets
longer lecture from the Judge and heavier sen
tence than his associates in crime, and he deserves
it, Not so with those who embezzle the genera
public's money by of banks, a simple
way Of obtaining money under false pretenses
The who acquire other peoples prop
ertv in this manner are seldom brought to tria
even and when is tried and convicted the
general public is astonished if he lands il
PRISON No wonder intelligent thieves adopt th,
laethod
The people have the remedy for this state o
affairs in their own hands. All they have to dc
is to demand and mean it, that those who are
responsible for bank failures, the men who become
reckless with other peoples money, loaning i
ri ght and left without security, be treated will
The same severity that other robbers treated
If hghwayman takes a purse from widow
he goes to prison and striped clothes The1
why not put the livery Of the feOn the MAJ
who, by means of mahogany furniture, plate-glas
windows and gilded sign robS of their all thou
sand widows? Is it any worse, or does it leav
the one widow any poorer for the footpad to &c
her money than for the other villain to get that o
Il hundred widows?
Let us make a law and see that it is enforced
putting robbery by means of banks in the sam
category as robbery by stealth making bank off
cialS crimnally responsible for their own act an,
stockholders responsible for losses by companie
in which they hold shares. and it is safe to as
sumo that banking will be conducted on more cor
servative lines.Wonder News.