St. Augustine Paint Co. v. McNair

STRUM, District Judge.

This is a suit in equity to establish and recover a pref erred claim against the receiver of the insolvent First National Bank' of St. Augustine.

At about 10 o’clock a. m., on July 24,1929, plaintiff made two deposits in said bank. The first consisted of a check in amount of $2,-290.57, drawn by plaintiff on another bank in the same city, the St. Augustine National, payable to plaintiff and indorsed in blank for deposit in the First National. The purpose of this deposit was to move certain of plaintiff’s funds from the St. Augustine National to the First National in order…