State v. United States Fidelity & Guaranty Co.

In this case we briefly state the facts necessary to disclose the questions raised; for a complete statement, see State of Wisconsin v. Kingston, ante, p. 80, 254 N. W. 126. On October 16, 1931, the Capital City Bank entered the bonds and coupons which it had received from the state treasurer the day before, in its collection *93register. On October 31, 1931, the Capital City Bank charged the Continental Illinois Bank & Trust Company of Chicago with the full amount of these bonds and coupons in its general journal, although bonds and coupons in the sum of only $65,947.50 were then actually in…