Adams v. United States

GILBERT, Circuit Judge.

On September 4, 1923, the supervisor of banking of the state of Washington, having found the Southwestern Washington Bank unsound, unsafe, and in an insolvent condition, without assets sufficient to meet its outstanding indebtedness, took possession of the bank by virtue of statutory authority and proceeded to liquidate its affairs. The appellee brought a suit in the court below to recover moneys deposited with the bank by the local postmaster, claiming $659.23, ,a balance unpaid upon the postal savings account, and $1,-620.52 deposited by the local postmaster ■from the…