Bassett v. Mechanics Bank

This is an application by the receiver of the defendant bank for advice with reference to a claim of The Arthur M. Rosenberg Company, hereinafter called the claimant, for preference in the payment to it of the proceeds of the collection of certain checks deposited by it in the bank. The facts stipulated for the purposes of this reservation include the following: The claimant is a corporation located in New Haven and on June 9th, 1932, was and had been for a long time a depositor of the defendant, The Mechanics Bank, and it had been its practice to carry on deposit a substantial balance. On…