Nichols v. Bank of Syracuse

— This is a claim against the Bank of Syracuse and the Commissioner of Finance who took charge of the affairs of the bank on April 7, 1924, because said bank was insolvent. The bank is now being liquidated and wound up by the commissioner. Plaintiff seeks to have a preferred claim allowed to be paid out of the general assets of the bank in the hands of the commissioner. The court below allowed the full amount of the demand, to-wit, $6183, as a preferred claim. Defendants have appealed.

The facts show that sometime prior to September 25, 1923, one E. L. Nichols, of Morgan county, negotiated…