Mechanics & Metals Nat. Bank v. Smith

ELLIOTT, District Judge.

I have been very greatly interested in the issues presented in Re Mechanics & Metals National Bank, Plaintiff, v. Fred R. Smith, as Superintendent of Banks of the State of South Dakota, and the Sioux Falls Trust & Savings Bank of Sioux Falls, S. D., defendants.

The facts in this case are stipulated, and in substance are that the plaintiff is a national bank of New York City j that the Sioux Falls Trust & Savings Bank of Sioux Falls, at the times named in -the complaint, was a South Dakota state banking corporation, located and doing business at Sioux Falls, S. D.; that…