First State Bank of Nortonville v. Morton

Opinion of the Court by

Judge Miller

Affirming.

In 1906, the First State Bank of Nortonville, Ky., was organized by the appellee, Morton, and other citizens of that neighborhood, tinder the general banking laws of this State, with a capital of $15,000. Morton, who was a farmer, and lived three miles from Norton-ville, where the bank was located, was chosen President, and Gr. O. Prowse was chosen Cashier. Morton had no experience whatever in the banking business, having been a farmer all of his life, bnt Prowse was an experienced man in the business, and was the active officer in the management…