Middleton Bank - Waverly, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 13, 1913
Location: Waverly, Missouri (39.209, -93.518)

Metadata

Model: gpt-5-mini
Short Digest: 6ed38a8a

Response Measures

None

Description

Article (1913) refers to Charles Lyons as receiver of the Middleton Bank at Waverly and describes an absconding cashier whose peculations 'wrecked the bank.' No run is mentioned; bank was placed in receivership and is defunct. Date of failure/receivership not explicitly given in this clipping (trial referenced in 1908).

Events (2)

1. June 13, 1913 Other

Newspaper Excerpt: Supreme Court Sustains Contention of Receiver Lyons... The amount involved now, counting accrued interest, foots up about $23,000.
Source: newspapers

2. * Receivership

Newspaper Excerpt: Charles Lyons, receiver of the Middleton Bank at Waverly, ... and E. H. Lewis, the absconding cashier, who wrecked the bank.
Source: newspapers

Newspaper Articles (1)

1. June 13, 1913 The Lexington Intelligencer Lexington, MO

Article from The Lexington Intelligencer, June 13, 1913

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Article Text

DECISON AGAIST DIRECTORS Supreme Court Sustains Contention of Receiver LyonsDirectors Liable. Alexande: Graves and Horace F. Blackwell, attorneys for Charles Lyons, receiver of the Middleton Bank at Waverly, received word recently that the Missouri Supreme Court had rendered a favorable decision in the case of Charles Lyons, Receiver of the Middleton Bank VS. John E. Corder, Jas. L. Bray, Samuel Mc. Callaway, Annie E. Galbreath, Nannie C. Steele and Rena C. Chappell, Executrices of last will and estate of Nathan Corder, deceased, and E. H. Lewis, the absconding cashier, who wrecked the bank. This was a suit against the directors of the defunct bank in which the receiver alleged that the directors were guilty of neglect in looking after the bank's affairs. It was tried at the August term 1908 of the Lafayette county circuit court and the jury returned a verdict for $18,955.90. Judge Samuel Davis set aside the verdict on the grounds that it was against the weight of evidence, and Grave3 and Blackwell appealed from this ruling. The recent decision of the supreme court sustains their contention. The amount involved now, counting accrued interest, foots up about $23,000. Auother suit is now pending against another set of directors who served during a part of the period of Cashier Lewis' peculations.