Leach v. Carper

I. The Farmers & Merchants Savings Bank of Mt. Pleasant, Iowa, closed its doors and passed into the hands of the superintendent of banking, as receiver, on June 6, 1924, The claimants, 68 in number, each deposited in the said, bank certain Liberty bonds, which deposit, as they assert, was for safe-keeping only. The aggregate amount of bonds thus deposited was $86,550. Of this amount $27,000 was the property of Albert Cornick, and $10,000 that of Jason Cornick. The claims of the Cornicks are not involved in this appeal, but are involved in a separate case previously submitted to this court. Of…