First National Bank v. Benson

JULIES J. OLSON, Justice.

Defendants liare appealed from a judgment establishing plaintiff’s preference claim against the defendant bank, an insolvent institution in the hands of the commissioner of banks for liquidation.

The facts are simple and may be summarized as follows: The two banks involved in. this action were the only banks at Milaca during the time here involved. It was their custom at the close of banking hours on each day for an officer from each bank to meet together for the purpose of exchanging items; that is to say, plaintiff bank would bring all checks by it cashed during the…