10885. Middleton Bank (Waverly, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
May 6, 1905
Location
Waverly, Missouri (39.209, -93.518)

Metadata

Model
gpt-5-mini
Short Digest
369616b6

Response Measures

None

Description

The Middleton Bank (Waverly, MO) failed in early May 1905 after a defalcation by its cashier (E. H. Lewis) who is accused of disappearing with $30,000. A receiver (Charles Lyons) was appointed and filed inventory in June 1905; the bank building was sold in August 1905. No articles describe a depositor run prior to suspension — this is a failure due to internal embezzlement leading to receivership and sale, so classified as suspension_closure.

Events (4)

1. May 6, 1905 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Defalcation/embezzlement by cashier E. H. Lewis, accused of disappearing with $30,000.
Newspaper Excerpt
The good people of Waverly and vicinity have suffered a serious calamity in the failure of the Middleton bank by the defalcation of a trusted official of that institution.
Source
newspapers
2. May 15, 1905 Other
Newspaper Excerpt
The Middleton bank in Waverly, Mo., has failed for $30,000. The cashier, E. H. Lewis, is accused of disappearing with $30,000 of the funds.
Source
newspapers
3. June 22, 1905 Receivership
Newspaper Excerpt
At the adjourned April term of the circuit court held in Lexington June 22, Charles Lyons, receiver for the Middleton Bank of Waverly, filed inventory.
Source
newspapers
4. August 5, 1905 Other
Newspaper Excerpt
Charles Lyons, receiver of the Middleton bank, ... sold to the highest bidder the bank building and fixtures. The Waverly bank bought the property for $3,950.
Source
newspapers

Newspaper Articles (4)

Article from The Lexington Intelligencer, May 6, 1905

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Article Text

The good people of Waverly and vicinity have suffered a serious calamity in the failure of the Middleton bank by the defalcation of a trusted official of that institution. The total loss in money is doubtless much less than the people of that com munity and of every community have suffered without knowing it in periods of business depression and financial panic. But the injury of the present misfortune is much greater. It can hardly fail to create a paralyzing distrust which some will never get over and which many will be influenced by to their own harm and to the harm of the business interests of the place. Business courage and confidence have received a stunning blow. Even if the de-


Article from The Worthington Advance, May 19, 1905

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Article Text

For the Week Ending May 15. The protected cruiser St. Louis was successfully launched at Philadelphia. As a result of anarchy growing out of the strike at Limoges, France, all city officials have resigned. Julius Rosenthal, a prominent Chicago attorney, was run over by a cab and died of his injuries. Germans in general indorse the government's policy toward the United States regarding the tariff. Vice Admiral Beresford proposes that the navies of the United States and Great Britain unite in maneuvers. Emerson Bennett, a well-known writer and composer, is dead at the Masonic home in Philadelphia, aged 83 years. Santa Fe passenger train No. 17 was ditched by train wreckers a mile east of Emporia, Kan. Six passengers were injured. If the supreme court decision on the tax franchise law is favorable $27,000,000 will be added to the New York treasury. Eleven yachts, representing America, England and Germany, will leave Sandy Hook on a race across the ocean to England. Mayor Dunne is worried over the cost of the strike to the city of Chicago, which amounts to $2,500 a day for extra police. The Middleton bank in Waverly, Mo., has failed for $30,000. The cashier, E. H. Lewis, is accused of disappearing with $30,000 of the funds. Floyd Sackett, of Wilbank, Mont., was shot and killed at the 0 X ranch by Mark White. They had an altercation over some sheep. A. Brightman shot and killed Mrs. Charles H. Gurney and then committed suicide at Los Angeles, Cal. Unrequited love was the motive. A report received in Paris says the nurse of the czar's son tried to boil the infant to death, but that the attempt. was frustrated by the empress. While playing with a rifle which was not known to be loaded, Harvey Schleuter, 12 years old, was killed by his little sister at Cedar Rapids, Ia. The American cruisers Brooklyn, flagship of Rear Admiral Sigsbee, and Olympia, flagship of Rear Admiral Bradford, have arrived at San Domingo. The Lindell hotel, a landmark of St. Louis, patronized for a generation by noted men, has been closed. The building is to be razed to make way for a store. A speech of Pius X. to John Redmond concerning the Irish situation resulted in protests to the pope from English bishops and the British government. Joseph Lewis, 104 years of age, is dead at his home in New York city. He served, with two sons, throughout the civil war. Lewis was the father of 27 children. The case of Mrs. Anna Valentina, the New Jersey woman under sentence of death, will not be reached in the supreme court of the United States before next fall. Four persons were killed and about 40 hurt as the result of an explosion of a United Gas Improvement company's tank at Point Breeze, in the southern section of Philadelphia. Two runabout automobiles started from New York to: race to Portland, Ore., for a cash prize of $1,000, offered by the National Good Roads association, whose convention opens in Portland on June 21. At Adel, Ga., John Hewitt shot and killed his wife, shot her sister and brother, wounding them slightly, and when surrounded by a posse of citizens, shot and killed himself. The cause of the tragedy is unknown. Francis H. Palmer, former cashier of the Peconic bank, of Sag Harbor, L. I., was arrested on charges based upon an alleged shortage in his accounts, which caused the bank temporarily to suspend operations on May 1. The formal opening of the new Union passenger station, which is to replace the antiquated structure in use for years, was made a gala event at Atlanta, Ga., about 50,000 persons accepting the invitation of the railroads to be prese THE MARKETS.


Article from The Lexington Intelligencer, June 24, 1905

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Article Text

Proceedings in the Circuit Court. At the adjourned April term of the circuit court held in Lexington June 22, Charles Lyons, receiver for the Middleton Bank of Waverly, filed inventory. Various set offs and allowances were made by the court. The Union National Bank of Kansas City and Mechanics American National Bank of St. Louis were granted permission to institute suits against the receiver of the Middleton Bank.


Article from The Lexington Intelligencer, August 5, 1905

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Article Text

Bank Building Sold. Waverly Watchman: Charles Lyons, receiver of the Middleton bank, came down from Lexington today and gold to the highest bidder the bank building and fixtures. The Waverly bank bought the property for $3,950,