Sage Banking Company - Alexandria, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 16, 1915
Location: Alexandria, Missouri (40.359, -91.455)

Metadata

Model: gpt-5-mini
Short Digest: ae5faa78

Response Measures

None

Description

No newspaper text describes a depositor run. Articles discuss the bank as defunct and in bankruptcy with a receiver ordered to turn over assets to a trustee (district court order dated Aug 16, 1915, affirmed by appeals court 1916-10-05). Classified as a suspension leading to permanent closure/receivership.

Events (2)

1. August 16, 1915 Suspension

Cause Details: Bank declared defunct and placed into bankruptcy; receiver appointed by court (bankruptcy/insolvency).
Newspaper Excerpt: the order of the district court to order the receiver to turn over to the trustee the assets, entered August 16, 1915, is approved and confirmed.
Source: newspapers

2. October 5, 1916 Receivership

Newspaper Excerpt: U. S. Circuit Court of Appeals Finds That Receiver in Sage Bank Case, Should Turn Over Assets to Trustee... The effect of the decision is that the assets of the Sage bank at Alexandria which went into bankruptcy will be administered by the bankruptcy court.
Source: newspapers

Newspaper Articles (1)

1. October 5, 1916 The Daily Gate City and Constitution-Democrat Keokuk, IA

Article from The Daily Gate City and Constitution-Democrat, October 5, 1916

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Article Text

U. S. Circuit Court of Appeals Finds That Receiver in Sage Bank Case, Should Turn Over Assets to Trustee. € MUNGER GIVES FINDING S Bankruptcy Court Will Administer Assets of Defunct Organization at Alexandria Now. A decision has been handed down M in the United States court in the Sage bankruptcy matter in which the receiver is ordered to turn over the tl C assets to the trustee. The decision card is written by Judge Munger of the o United States circuit court of appeals p for the eighth district. The effect of th the decision is that the assets of the K Sage bank at Alexandria which went tr into bankruptcy will be administtered o by the bankruptcy court. ta The opinion was made by Judge Sa Munger on the appeal from the decision of Judge Dyer in the United sp ho States district court at St. Louis. In w his order, Judge Dyer said that the se receiver should turn over the assets m to Johnson B. Angle as trustee. This was filed in August, 1915. ul An appeal was taken by the state of Missouri, et al, and by Sam S. Hilqui der as receiver. The appeal was vi made in two ways, one asking that in the decision be revised, and the othtiv er was an appeal from the decision. ma The decision by Judge Munger is on no the question of revision. The matter Tu of appeal is dismissed for want of jurisdiction. The case is entitled the State of da Missouri VS. Johnson B. Angle as sio trustee. Judge Munger holds that Tu the petition to revise is denied and fer dismissed at the costs of the petitionSa er, and the order of the district court sta to order the receiver to turn over to bo the trustee the assets, entered Augpi ust 16, 1915, is approved and conin firmed. th The second case on which the apab peal is taken was docketed as Sam S. in Hiller, receiver as successor, vs. an Johnson B. Angle. The attorneys for te the receiver were J. T. Barker, atterney general, W. T. Rutherford, ashe sistant attorney general, William co Fitch of St. Louis, James T. Gilmore, no of Kansas City, and T. L. Montgomth ery of Kahoka. ha J. O. Boyd and L. G. McKinley of th Boyd & McKinley of Keokuk, repreth sented Mr. Angle. be