Leach v. Iowa State Savings Bank

We are grateful to counsel for the concise and systematic manner in which they have presented what would otherwise have been a very formidable record.

The Iowa State Savings Bank finally closed its doors on the evening of April 17, 1924. A receiver was appointed. Some 25 or 26 claims for preference, aggregating $41,870.86, were allowed, 9 of which are before us on this appeal.

I. The claims of the Massachusetts Bonding Insurance Company, 1. BANKS AND Hal Summers, and F.A. Martin are founded on BANKING: drafts and cashiers' checks purchased by insolvency: claimants. The instruments were…