Carroll v. Bank

Johnson, President:

On the twenty sixth day of May, 1884, the Penn Bank of Pittsburg, Pennsylvania, failed and closed its doors at 12 o’clock and 5 minutes p. m. There had been between it and the defendant, the Exchange Bank, mutual dealings and accounts. These dealings had been mutual and reciprocal, large amounts being sent for collection from one to the other. The balance was generally in favor of the Penn Bank. Remittance had been asked from time to time, and were generally in even thousands. The balances were usually allowed to accumulate until they reached a certain figure, — no fixed…