The Nixon Block Goldfield Nevada in 1907


This is the Nixon Block which also served as the second Cook Bank from 1906 to 1923. Besides the bank, one window says 'Stanley Lawyers' and another says 'Stock Broker'.  The crowds probably relate to the many bank runs in 1907 when scrip was issued to the men (which they would not accept) instead of gold coin.  Unlike today, any sort of paper money was suspect in 1907 even when backed by the US Treasury. The financial panic of 1907 led to the unfortunate institution of the Federal Reserve system and its paper note regime in 1913, which consists of privately owned operators. 

This is another rare Ned Johnson photo and is probably the only one in existence, however there are many  postcards showing the Nixon Block and most date from this same period.

Panic of 1907