People Ex Rel. Nelson v. Sheridan Trust & Savings Bank

The Sheridan Trust and Savings Bank of Chicago (hereinafter called the Sheridan Bank) was open until about 8:00 P. M. of Saturday, June 6, 1931. It did not thereafter open its doors and the Auditor of Public Accounts took charge on the morning of June 8, 1931. Within a few days thereafter the Auditor appointed a receiver. The usual chancery proceeding for the liquidating of the affairs of the bank was later filed by the Auditor of Public Accounts in the circuit court of Cook county. The Martha Washington Candies Company (hereinafter called the candy company) filed its intervening petition in…