Disaster! Four Yavapai County Banks Fail on 11/25/1925

November 25, 1925, was a disastrous day in Yavapai County. Four banks suddenly and permanently closed their doors, and people’s deposits were frozen and unavailable—a mere month before Christmas!

The Embezzling Yavapai County Treasurer

Prescott was aghast when the Yavapai County Treasurer, James P Storm, was found bound and gagged in the county’s vault by his daughter, who heard him kicking the vault door when she arrived for work there on the morning of November 9, 1904.

The Ultra-Lavish Yavapai Club Building

“The object of the organizers [of the Yavapai Club] was to induce a healthful mingling of recreation, pleasure, and business, and the object has been most successfully attained to the advantage of the club and of Prescott,” the Weekly Journal-Miner declared. “Important business enterprises, many of them of a quasi-public character, have been launched after excellent dinners, or in the course of enjoyable smokers, [when marijuana was imbibed.] Millionaire capitalists, statesmen of worldwide reputation, railroad magnates, distinguished authors, and captains of industry have been pleased guests of the Yavapai Club.” Indeed, during the first quarter of the 20th century, the Yavapai Club was the heart and soul of the business and social community of the county, which bore its name.

The Great Tungsten Rush of 1915-16

At the height of the rush, a mere 20 pounds of 65% tungsten ore would net its owner the equivalent of $1300 today. In Yavapai County, this was serious enough lucre to wheedle cowboys into leaving their saddles and commence digging!