People's Nat. Bank v. Payne

MUNGER, District Judge.

This is an appeal from the allowance of a general claim against a national bank and its receiver. The plaintiff below was the owner of a note and a mortgage securing its payment. She sent it to her agent for collection. The •debtor, in payment of it and in payment of an amount owing to another creditor, gave a cheek to the plaintiff’s agent, which was drawn upon another bank. The agent deposited this check with the defendant below for collection and credit. It was collected and credited, but the defendant below failed four days after the deposit of the check. The amount…