Ex Parte Sanders

Mr. Acting Associate Justice W. C. Cothran

(dissenting) .

I concur in the proposed result of the opinion of the Chief Justice upon the ground that the Act of 1930 is conclusive of this case and is applicable thereto. The draft accepted by Sanders was not an unconditional credit; in fact, this draft was not entered on the books of any bank as a credit.

While believing that Sanders is entitled to a preference, I do not think the cases of Railway Express Agency v. Bethea, 165 S. C., 230, 163 S. E., 637, or Hampton Loan & Exchange Bank v. Lightsey, Receiver, 155 S. C., 222, 228, 152 S. E., 425, are…