Valentine v. Duke

This is an appeal from a judgment allowing as a preferred claim against the Scandinavian-American Bank the sum of $1,386. The facts are not in dispute. It appears that Captain James C. Blaine, a resident of Alaska for some years prior to his death, which occurred on March 4,1921, had a savings account in the Scandinavian-American Bank of Seattle, and also had on deposit with that bank certain securities purchased of or through the bank by the use of funds from the savings account. It was the custom for the bank to make collections of interest and principal upon such securities as they…