Beall v. Farmers' Exchange Bank of Gallatin (Mo. 1934)

This case comes to the writer on reassignment. It is an appeal from a judgment of the circuit court of Daviess county denying appellants' claims, aggregating $15,730.80, against the Farmers' Exchange Bank of Gallatin in liquidation. Appellants sought to have their claims allowed as preferred. The trial court, by its judgment, not only denied the claims as preferred, but refused to allow them as common claims.

The evidence discloses the following state of facts: Appellants, plaintiffs below, were directors of the Winston Bank at Winston, Daviess county, Mo. This bank was organized in the year…