Leach v. Battle Creek Savings Bank

The controversy in this case grows out of the insolvency of the Battle Creek Savings Bank, of Battle Creek, Iowa, and involves the right of H. L. Alexander, intervener and appellee, to have his claim, filed with the receiver, established as a preferred claim. The material facts, which are conceded, are as follows: On February 21, 1924, the appellee, who resides at Concord, New Hampshire, forwarded to the cashier of the Battle Creek Savings Bank a note for the sum of $2,500, signed by Louis Derr and wife, for collection. The letter of transmittal follows:

“ J. W. Wellner, Cashier, Battle Creek…