Spartan Mills v. Law

The opinion of the Court was delivered by

Mr. Justici-; Baker.

This appeal involves two distinct claims by Spartan Mills and by W. B. Lawson, both respondents, against John A. Law, Jr, as Receiver of the Merchants & Farmers Bank of Spartanburg, S. C, appellant. As the two claimants and their claims are unconnected, each will be construed separately.

The Farmers & Merchants Bank of Spartanburg, S. C, was a banking institution organized under the laws of this State, and engaged in a general banking business in Spar tanburg, • S. C., until October 3, 1931, when it suspended business, and…