Adams v. Bank of Louisiana

The judgment of the court was pronounced by

Rost, J.

A short time before the inception of the legal proceedings by which the Exchange Bank was forced into liquidation, t.wo checks were drawn on that institution by the settling clerk of the league of bank presidents, for balances due the other banks, one in favor of the Improvement Bank, for about $92,000, the other in favor of the Union Bank for $59,813 86, this last being the one on which this suit is brought. These checks were protested for nonpayment, and the Union Bank instituted upon the one it held a suit against the Exchange Bank; but…