In Re Merchants Bank of Durham

ClaRKSON, I.

The petitioner H. T. Roycroft had on deposit in the Merchants Bank of Durham, N. 0., when it closed its doors and was taken over by the liquidating agent of the Commissioner of Banks, the sum of $2,136.64. It was in the name of Roycroft Warehouse. The evidence, undisputed, is that the deposit belonged to H. T. Roycroft individually. Roycroft also owed notes to the bank as follows: (1) -$1,100 endorsed by W. A. Hinton, (2) $1,100 endorsed by K. O. Yeasey. The endorsers had no security. (3) Note for $15,000 which is secured by a deed of trust on Roycroft’s home in the city of…