U.S. Nat'l Bank v. Nat'l Bank of Guthrie

STATEMENT OF FACTS.

In May, 1892, the United States National bank held thirty thousand dollars of stock in the National Bank of Guthrie, as collateral security for a loan of that amount and brought suit against that institution, L. DeSteiguer, its president, and its other officials, alleging in the petition, sworn to by a stockholder, among other things, that the latter bank was insolvent, that its funds had had been and were being fraudulently embezzled for his own use and misapplied and squandered by DeSteiguer, and its other officers, who were also insolvent. The petition averred that a…