BANK FAILURES.

Press, Volume LXVIII, Issue 20710, 22 November 1932, Page 9

BANK FAILURES.

j ❖ [ FINANCIAL CRISIS IN j NEVADA. | LITIGANTS STKANDKD IN KENO. ! __ j I llN'lt'KO K.FSS ASSOCIATJUN -BY KLKC'IIUC I [ TnLEGJTAr H COI 1 Y XIIO H T.) i ! j | SAN FH AN CISCO, Novernljcr 20. : Hundreds of jieoplc engaged in di- ] i vorce actions arc strimicd at Keno, ! owing to the failure of the twelve i ! Wingfield hanks, whicii handled SO per j j cent, of Nevada's business. George i : Wingfield, himself a tanions frontiers- j | man, and all his stockholders, have i j been ruined. Only 70ft,t.»00 dollars in | cash remains ot' 10,000,000 dollars dc- ! posits in these banks. It is estimated thut -}.000,000 dollars 1 was deposited by visitors from all parts of the United' States, establishing aj residential <|iialilication to become dis- | united in the Heno divorce mill, which I has been brought to a 'tnndstill by the 1 financial crisis. ; | George Wir.gfiehl, miner and banker. ] was born at Fort Smith, Arkansas, in IS7U. He is president o r the Keno National Bank, First National Bank (Witinemucca), Carson Valley Bank, United Nevada Bank, and Nevada Surety and Bonding Co., Keno; John S. Cook and Co., hanker.-, Coldfield. Nevada: Churchill County Bank, Fallon, Nevada; Goldlield Consolidated ALines Co.; Bank of Nevada Havings and Trust Co.; Tonopab Banking Corporation: Virginia City Bank; Bank of Sparks; HenderI son Banking Co.; and the .Riverside | Bank, all in Nevada. He is also the I owner of the Hotel Gordon and the I Riverside Hotel, both in Reno. In 3DIJ | he refused a Sehatorship, but is a meinj ber of the Republican National Commit--1 tee. ife is also a member of the Amer- ! ienn Mining Congress and the Ameri- | can Academy of Social and 'Political ; Science. | I