New v. State

CHRISTIAN, Judge.

The offense is embezzlement; the punishment, confinement in the penitentiary for ten years.

Jes Rasmussen had $4,200 on deposit in the First State Bank at Dundee. The bank was closed and in process of liquidation. However, practically enough money was on hand to pay all of the depositors. Mr. Rasmussen and Mr. Lyles, who were the largest depositors, had agreed to defer the full collection of their claims in order that the bank might pay the remainder of the depositors. The full amount due Mr. Rasmussen would have eventually been paid. After the bank had been closed appellant…