Scott's Executors v. Young

Opinion op the Court by

Judge Clay

Affirming.

Annie Harbison Scott was the owner, of 32 shares of .the_capital.st.ock of the'People’s. Bank & Trust Company Shelbyville, which she had acquired at the average price of $140 a share prior to the year 1913. Due. to, the-defalcations of its assistant .cashier, O. H. Vardanian, aggregating $61,951.21, and covering a period of years, the bank became-i-nsolvent, and on the application of its directors was placed in charge, of thejstate banking commissioner for liquidation. To meet the claims of depositors, Miss Scott was assessed $75..a .share, which she…