Taylor v. Arkansas Democrat Co.

The pleadings in this case are as follows: First, an intervention of appellee in the proceedings for the liquidation of the American Exchange Trust Company in the chancery court of Pulaski County, alleging its right to an offset, of $15,527.19, against a note for $20,000 it owed said hank on the day the bank ceased to do business; second, the answers of appellant banks denying the right of appellee to set off the bank’s indebtedness to it against said note to the extent of their alleged respective interests therein, and their cross-complaint alleging a preference over appellee and the general…