People's United States Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 21, 1919
Location: St Louis, Missouri (38.627, -90.198)

Metadata

Model: gpt-5-mini
Short Digest: 056660a3

Response Measures

None

Description

Article (Americus Times-Recorder, 1919-05-21) reports depositors' and stockholders' claims and payments in connection with receiverships of E. G. Lewis properties, including Peoples United States Bank. There is no description of a run; the bank is presented as having been in receivership and claims settled, consistent with a suspension leading to permanent closure/receivership. Bank charter/type not specified in the text, so set to unknown.

Events (1)

1. May 21, 1919 Receivership

Newspaper Excerpt: Peoples' United States Bank-Stockholders' claims, $2,435,238.62; payments to stockholders, $2,049,893.17. Peoples United States Bank-Depositors' claims, $81,324.21 ;payments to depositors $78,195.11.
Source: newspapers

Newspaper Articles (1)

1. May 21, 1919 Americus Times-Recorder Americus, GA

Article from Americus Times-Recorder, May 21, 1919

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Article Text

SEVEN MILLIONS LOST ON FAITH BY INVESTORS ST. LOUIS, May 21.-Investors, many of them women, in the various enterprises of E. G. Lewis which flourished at University City from 1902 to 1916, lost $67,640,891.13. as a resut of their faith in his promotions, according to figures wihch have just been made pubic following the closing of the last receivership for the Lewis properties. This was the E. G. Lewis builders' debenture fund. to which trusting investors all over the country subscribed $1,065,640, and out of which those holding claims of $80 or more will receive $21,057.05. In discharging exJudge Matt G. Reynolds as receiver. Judge Dyer ordered that claims of those who held the debenture notes in smaller aggregate sums than $80 need not be paid. All of the Lewis properties have now been administered and the figures, which now become available for the first time, show that asserted claims against the various properties amounted to $9,690,640, and that the amount paid to the claimants is $2,649,748.87. It is known there were additional losses in three companies organized by Lewis. These were the United States Fiber Stopper company, the Hen House Pottery and the Development Investment Company. It is estimated that Lewis took in at least $100,000 on these, but they were not administered by receivers, as no assets could be found. Here is the record showing the claims and payments to claimants on all of the properties which were administered: University Heights Realty and Development Company-Claims, $1,700,000; payments, $220,165.81. Lewis Publishing Company; Claims, $3,500,000; payments, $57,495. Woman's Magazine Building Mortgage - Claims, $450,000; payments, $38,978. Egyptian Building MortgageCliams, $150,000; payments, $11,981., E. G. Lewis Personal Debenture Notes-Claims, $1,065,640; payments, $21,057.05. S Peoples Savings Trust CompanyClaims, $32,500; payments, $204,366.94. Peoples' United States BankStockholders' claims, $2,435,238.62; payments to stockholders, $2,049,893.17. Peoples United States Bank-Depositors' claims, $81,324.21 ;payments to de positors $78,195.11. All that now remains of the Lewis enterprises, as far as investors are concerned, is a fund of about $500 in cash, held by the United States district court here to cover claim checks for small amounts sent to investors in the Peoples Savings Trust Company S by Mr. Reynolds, and which they failed to cash.