American Express Co. v. Commercial Sav Bank & Tr Co.

OPINION

By LLOYD, J.

The two above captioned cases involve the determination of the question whether or not the American Express Company is entitled to have declared as preferential claims, the proceeds of sales of travelers cheques on deposit.in The Commercial Savings Bank & Trust Company and The Ohio Savings Bank & Trust Company at the time of their closing for liquidation, there being no dispute as to the respective amounts thereof. When necessary herein to separately refer to them, The Commercial Savings Bank & Trust Company will be called the “Commercial,” The Ohio Sav ings -Bank & Trust…