Austin v. Duffer

Prior to and on June 23,1921, the Farmers’ & Merchants’ State Bank, which hereafter, will be referred to as the Farmers’ Bank, and the Texas Bank & Trust Company, which hereafter will be referred to: as the Texas Bank, both incorporated under the banking laws of the state of Texas, were doing business, having their places of business in Ranger, Tex. Both had been sustaining heavy withdrawals of deposits. Neither was in sound condition. The Texas Bank was the weaker of the two. Its officers and directors doubted its ability to continue in, business. The officers and directors of the Farmers’…