People v. Gage

This case developed from the failure of a private bank in the city of Dowagiac, known as the *637City Bank of Dowagiac, Lyle, Gage & Co., bankers, which closed its doors in February, 1908. The partnership, with its members as such, filed petitions and schedules in bankruptcy, and were adjudged bankrupt, in March, 1908, resulting in the losses to depositors, financial disturbances, and unfriendly feeling toward those actively connected with the bank, locally incident to such an event.

Frank W. Lyle and respondent, respectively president and cashier of said bank,- were arrested in April, 1908, upon…