9602. Peoples Savings Trust Company (University City, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust
Start Date
June 13, 1911
Location
University City, Missouri (38.656, -90.309)

Metadata

Model
gpt-5-mini
Short Digest
7af1c12871a65b10

Response Measures

None

Description

Articles describe creditor suits seeking a receiver (June 13–14, 1911) against E. G. Lewis interests naming Peoples' Savings (Trust) Company and later reporting the company was forced into bankruptcy and a receiver appointed. No article describes a depositor run; the sequence is litigation/insolvency → receivership, consistent with a suspension/closure with receiver assigned.

Events (3)
1. June 13, 1911 Other
Newspaper Excerpt
A receiver for all of the properties of E. G. Lewis at University City, Mo., ... is sought by two suits filed today in the United States circuit court. ... The suit for a receiver was filed by 23 creditors. ... It is directed against ... Peoples' Savings Trust company ... Federal Judge Dyer said today that he would pass upon the petitions tomorrow.
Source
newspapers
2. * Receivership
Newspaper Excerpt
the company was forced into bankruptcy and a receiver appointed.
Source
newspapers
3. * Suspension
Cause
Government Action
Cause Details
Forced into bankruptcy and a receiver was appointed after creditor litigation alleging insolvency of E. G. Lewis corporations.
Newspaper Excerpt
the company was forced into bankruptcy and a receiver appointed.
Source
newspapers

Newspaper Articles (3)
1. June 13, 1911 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, June 13, 1911

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Article Text

RECEIVER IS ASKED Suit Filed by the Creditors of E. G. Lewis. Properties Involved Valued at Over $2,000,000. St. Louis, June 13.-A receiver for all of the properties of E. G. Lewis at University City, Mo., an injunction restraining the representatives of the syndicate of magazine publishers from exercising authority under the recent agreement taking over the properties, and a foreclosure on all improved property of the University Heights Realty and Development company, are sought by two suits filed today in the United States circuit court. The properties are valued, it is said, at between $2,000,000 and $3,000,000. The suit for a receiver was filed by 23 creditors. It is directed against E. G. Lewis, the Lewis Publishing company, the University Heights Realty and Development company, Peoples' Savings Trust company, United States Fibre Stopper company, University City Art Museum society, St. Louis County Land Title company and the representatives of the syndicate which took over the Lewis properties. The suit seeking to foreclose on the improved property was filed by seven plaintiffs. It makes as defendants the University Heights Realty and Development company, Peoples' Savings and Trust company, Metropolitan Life Insurance company and Nathan Frank, trustee. Charges are made against Lewis and his companies by the, creditors. In their petition it is represented that all of the Lewis corporations are insolvent and that their aggregate indebtedness amounts to more than $5,000,000. The allegation is made that Lewis and his wife have left St. Louis and that Lewis is now engaged in the work of inducing women to become members of the American Women's league. It is charged that ruin, destruction and death have followed in the wake of Lewis's enterprises due to misrepresentations made to investors in his corporations and securities. It is also charged that the reorganization plan of the syndicate of publishers is a scheme further to deprive the creditors of the corporations of their money. The reorganization plan was adopted recently and under an agreement was to continue for five years. A committee representing '108 magazines took charge of Lewis's proper ties as trustees to handle them for five years. At the end of five years the Lewis properties were to be returned to him free of debt, it was stated. The plan was. adopted to save throwing the valuable properties on the market at a forced sale. Federal Judge Dyer said today that he would pass upon the petitions tomorrow.

2. June 14, 1911 The Guthrie Daily Leader Guthrie, OK
Article from The Guthrie Daily Leader, June 14, 1911

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Article Text

PUBLISHER'S CREDITORS NUMBER 23 And They Allege in Petition That He Owes Something Like Five Millions St. Louis, June 14-A receiver for all the properties of E. G. Lewis, at University City, Mo., an injunction restraining the representatives of the syndicate of magazine publishers from exercising authority under the recent agreement taking over the properties. and a foreclosure on all improved property of the University Heights Realty and Development company, are sought in two suits filed In the United States circuit court. The properties are valued. it is said, between $2,000,000 and $3,000,000. The suit for a receiver was filed by 28 creditors. It is directed against E. G. Lewis, the Lewis Publishing company. the University Heights Realty and Development company. People's Savings Trust company, United States Fibre Stopper company, University City Art Museum society, St. Louis County Land The company. and the representatives of the syndicate which took over the Lewis properties. Charges are made against Lewis and his companies by the creditors in their petitions. It is represented that all of the Lewis corporations are issolvent and that their aggregate indebtedness amounts to more than $5, 000,000. The allegation is made that Lewis and his wife have left St. Louis and that Lewis is now engaged in the work of inducing women to become members of the Américan Women's league, It is charged that ruin, destruction and death have followed in the wake of Lewis enterprises, due to misrenresentations made to investors in his corporations and se. curities. It is also charged that the re-organization plan of the syndicate of rublishers is a scheme further to deprive the creditors of the corporations of their money. The re-organiZIP non plan was adopted recently and under an agreement was to continue for five years. A committee representing 108 magazine publishers took charge of Lewis' properties as trustees to handle them for the five years. At the end of five years the Lewis properties were to be returned to him free of debt. it was stated The

3. January 2, 1913 The Oskaloosa Herald Oskaloosa, IA
Article from The Oskaloosa Herald, January 2, 1913

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Article Text

# ATTEMPTED SUICIDE Charles Voyce of Leighton Cuts Throat in Fit of Despondency. The town of Leighton was very much stirred up Saturday evening over an attempted suicide. Charles Voyce, who was seventy-four years old, Saturday tried to end his life by cutting his throat. The man is very bright and intelligent but he is somewhat handicapped by being a cripple, being club-footed. He had lost quite a sum of money in prospecting for coal and was "down in his luck." To cap the climax he invested what little money in the Peoples' Trust Co., of University City St. Louis, Mo., a company organized in connection with the Woman's National Weekly. The editor of the paper was indicted by the federal courts for libel and the suit has carried to such an extent that the company was forced into bankruptcy and a receiver appointed. This carried away the last of Mr. Voyce's money. He had often told his friends that he would kill himself when he ran out of money and he tried to make this threat good. When found by friends in Leighton he had cut his throat severing part of the wind-pipe. He refused to let the doctor dress the wound, but let him put a bandage around it. Sheriff Reed was summoned and with Deputy Chas. Briney went to Leighton after