Jennings v. Gary State Bank

FITZHENRY, Circuit Judge.

This is an appeal from a judgment in favor of the defendant in an action at law. The case was tried by the court, without a 'jury-

The salient facts were stipulated. On January %, 1932, there were three banks in the city of Gary, Ind.: First National Bank, National Bank of America (for which appellant is receiver), and the Gary State Bank. There was \ an organization known as the “Gary Clearing House Association.” Messengers from the member banks met in a room in the First National Bank building at 9:30 a. m. of each business day for the purpose of presenting and…