Haynes v. Lincoln Trust Co.

On report. The defendant, Lincoln Trust Company, organized under State laws, is a country commercial bank with savings department. Its Treasurer, William M. Noddin, acted as manager. There were five employees. None of the directors lived nearer than fifty miles to the town of Lincoln.

Noddin, in addition to his employment in the bank, carried on the business of purchasing and selling lumber on his own account, in which business the bank was in no wise concerned.

The plaintiffs in the seven cases presented were all creditors of Noddin in connection with his personal affairs. Because of the…